Tuesday Ticker: Stellantis shuts down merger speculation; EV automakers continue to drop
Toronto, Ontario — In this weekly automotive economics report, Stellantis shuts down merger rumours, while EV stocks continue to slip, keeping up with the 2024-thus-far trend. Stellantis slices down rumours Stellantis chairman John Elkann has commented on press speculation that the automaker was considering a merger with French OEM Renault, saying there is “no plan […]
Tuesday Ticker: Rivian’s latest relationship; Analysts cut Tesla price target predictions
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian sees its stocks soar; analysts fiddle with Tesla price targets; and Volkswagen makes the first steps toward its St. Thomas, Ontario battery headquarters. Rivian’s latest relationship Rivian saw its stock soar almost 15 percent over five days, following a major deal announcement. Rivian will sell its […]
Tuesday Ticker: VinFast’s massive valuation; Rivian raises production forecast
Toronto, Ontario — This week’s Tuesday Ticker covers VinFast’s valuation increase and Rivian’s decision to up production guidances for 2023. Viva la VinFast VinFast went public on the Nasdaq last week, with a whopping US$85 billion valuation—almost twice that of General Motors or Ford, the two largest automakers in the U.S. The Vietnamese EV maker […]
Tuesday Ticker: Competition for EV trucks and another quarter in the bag for AutoCanada
Toronto, Ontario — The completion of Tesla’s first Cybertruck puts pressure on its competitors in the EV space and AutoCanada prepares to delve into its Q2 financials during a call in August. Rivian recoils The unveiling of Tesla’s first Cybertruck off the assembly line dealt yet another blow to Rivian’s share prices. The news caused […]
Tuesday Ticker: Bullish analyst downgrades Rivian; Mercedes-Benz opens Canadian raw materials office
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian sees a 76 percent downgrade from a known bullish market analyst; an advocacy group questions Uber’s average pay in Toronto and Mercedes-Benz opens a raw materials office to pursue EV battery mineral sources. Reluctant on Rivian Shares of Rivian Automotive have fallen 10 percent since Mar. […]
Tuesday Ticker: May 24, 2022
Toronto, Ontario — Ford throws seven million more Rivian shares up for sale while Uber tries to offset its losses in Collision Repair’s weekly Tuesday Ticker. Red-tag item, Rivian Last week, it was reported Ford Motor Co. had offloaded eight million shares in electric vehicle startup Rivian. On Monday, May 16, the automaker sold a […]
Tuesday Ticker: December 14, 2021
Toronto, Ontario — This week it’s all about the electric automakers as Tesla shares drop and Rivian sees a rise. Up and down Despite Tesla CEO Elon Musk’s recently-announced title of TIME Magazine’s 2021 Person of the Year, Tesla stock fell sharply on Monday. Shares fell about 4.7 percent amid Monday’s trading. Analysts suspect the […]
