Tuesday Ticker: Tesla advises ‘notably lower’ growth rate in 2024; Stellantis struggles in North America
Toronto, Ontario — In this weekly Tuesday Ticker, Tesla shares take a hit as CEO Elon Musk advises “notably lower” growth in 2024 compared to what was experienced in 2023. Plus, Stellantis struggles to gain its foothold in the North American market. The Tesla tumble Shares of Tesla dropped 11 percent last Wednesday as the […]
Tuesday Ticker: EV makers Lucid, Rivian make positive share gains
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian stocks see a near 15 percent gain over five days, with exorbitant growth on Friday. Plus, Lucid sees stocks surge—and drop again—following positive comments from its CEO. Rivian making gains Shares of Rivian are up 13 percent over the last five days, following citations of a […]
Tuesday Ticker: Magna blows analysts’ minds; Toyota potentially seeks financial assistance
Toronto, Ontario — In this weekly Tuesday Ticker, Magna blows analyst expectations out of the water and sees shares jump almost 15 percent; while a government source teases that Toyota could soon seek Ottawa’s assistance in its shift to EV assembly. Magna’s shares move Magna saw its shares surge last Friday as the Aurora, Ont.-based […]
Tuesday Ticker: Magna raises annual forecast; shares drop at Driven Brands
Toronto, Ontario — In this weekly Tuesday Ticker, Magna raises its annual outlook amid stellar Q2 financials; Nikola hires its fourth CEO and Driven Brands sees some stock dips. Mega Magna Magna International reported its Q2 financials last week, beating out analyst estimates with 17 percent revenue growth, to $10.98 billion, the company said Friday. […]
Tuesday Ticker: Tesla shares up 102 percent year-to-date; Lucid seeks $3b through stock offering
Toronto, Ontario — This weekly Tuesday Ticker has its eyes on electric, with updates on Tesla’s current win streak and a lens on Lucid’s recent round of funding. Tesla up nearly ten percent Tesla stock is up nearly ten percent over the last five days, despite a voluntary safety recall on certain Model Y vehicles. […]
Cash Count: Uni-Select reports Q4 2022, full-year financial results; FinishMaster growth driven by price increases
Boucherville, Quebec — Uni-Select reported both full-year and Q4 2022 financial results on Friday. For Q4 2022, consolidated sales for Uni-Select were $424.8 million, up $24.6 million or 6.2 percent from Q4 2021. The company’s FinishMaster U.S. segment reported sales of $173 million for Q4 2022, an increase of 3.4 percent, primarily driven by price increases. […]
Tuesday Ticker: July 5, 2022
Toronto, Ontario — It’s Tuesday—let’s talk business! In this week’s Tuesday Ticker, General Motors sits poised to reclaim its role as leader of new vehicle sales in the U.S.; Lift adds five new facilities in the B.C. interior and AutoCanada preps for a buyback via a “modified Dutch auction.” The General takes the Crown General […]
Tuesday Ticker: June 21, 2022
Toronto, Ontario — In this weekly stock update, Uber loses a North American exec and Tesla CEO Elon Musk makes some curiously timed layoffs. Do the Uber shuffle Dennis Cinelli, the head of Uber’s ride operations in the United States and Canada, is stepping down, according to reports from undisclosed sources. Cinelli is reported leaving […]
Tuesday Ticker: June 7, 2022
Toronto, Ontario — Listen up for this weekly stock report! This week, a Quebec-based convenience giant teases plans to grow bigger, while a new rideshare service tests the waters in smaller B.C. cities. Charge with Couche-Tard Alimentation Couche-Tard said it has deployed “hundreds” of electric vehicle chargers available at 200+ North American locations over the […]
Tuesday Ticker: May 31, 2022
Toronto, Ontario — In this weekly Tuesday Ticker, Rivian sees some executive shake-ups amid an already tumultuous year, while another battery tech player sets its sights on Quebec’s cathode active materials (CAM). Do the Rivian shuffle Rivian is reorganizing its executive ranks as one of its top manufacturing officers parts ways with the EV automaker. […]
