Tag: Tesla

Amazon-backed electric vehicle maker Rivian races to huge stock market debut after IPO

(Rivian Photo) Rivian, the electric vehicle maker with substantial backing from Amazon, is arriving with a roar in its public debut on the Nasdaq exchange today. Rivian set its IPO price at $78/share on Tuesday, valuing the startup at around $70 billion. But the stock opened at $106.75/share in its first trade and was soon… Continue reading Amazon-backed electric vehicle maker Rivian races to huge stock market debut after IPO

Amazon-backed Tesla rival Rivian raises nearly $12B in blockbuster IPO

TipRanks 2 “Strong Buy” Dividend Stocks With 8% Dividend Yield Let’s talk about rising markets, and whether or not to buy in. That’s the question that investors need to consider right now, as the major indexes have hit record highs – but the economy is flashing signs of concern for those who care to look.… Continue reading Amazon-backed Tesla rival Rivian raises nearly $12B in blockbuster IPO

Rivian CEO sees annual production capacity of at least 1 mln vehicles before 2030

By Ben Klayman, Paul Lienert 4 Min Read DETROIT (Reuters) – Electric vehicle startup Rivian Automotive Inc plans to be building at least one million vehicles annually by the end of the decade, its chief executive said on Tuesday, as it sets its sights on market leader Tesla Inc. FILE PHOTO: R.J. Scaringe, Rivian’s 35-year-old… Continue reading Rivian CEO sees annual production capacity of at least 1 mln vehicles before 2030

Tesla shares steady after two-day rout wipes out $200 bln in market cap

By Reuters Staff 2 Min Read Nov 10 (Reuters) – Tesla Inc shares edged higher on Wednesday, following a two-day rout that saw the electric-car maker shed as much as $200 billion in market capitalization. The selloff was spurred by company chief Elon Musk’s poll over the weekend asking his Twitter followers if he should… Continue reading Tesla shares steady after two-day rout wipes out $200 bln in market cap

Chinese EV startup Nio’s journey to the West

Nio, a Chinese electric vehicle startup listed on the NYSE, will be in at least six European markets by 2022. The firm shared its ambitions for Europe on its earnings call this week. Nio is already taking orders for its electric SUVs and shipping small batches in Norway, its first stop outside China. It didn’t… Continue reading Chinese EV startup Nio’s journey to the West

Lancia CEO outlines brand’s expansion plans for Europe – Automotive News Europe

Napolitano wants to attract a different kind of buyer for Lancia. Currently, two thirds of buyers are women, with an average age of 45 and with no children in their household. He sees future models as drawing buyers with an average age of 55, but with at least one child still at home, and evenly… Continue reading Lancia CEO outlines brand’s expansion plans for Europe – Automotive News Europe

Tesla starts retrofit program for cameras on older vehicles with ‘Full Self-Driving’

Tesla has launched a retrofit program for Autopilot cameras on older vehicles with the “Full Self-Driving” package. Starting with the introduction of its Autopilot 2.0 suite of sensors in 2016, Tesla started selling all of its cars with the promise that they have all the hardware necessary to achieve full self-driving capability with future software… Continue reading Tesla starts retrofit program for cameras on older vehicles with ‘Full Self-Driving’

VW considers new electric car factory in Germany to counter Tesla

Volkswagen AG may build a new electric car factory near its global headquarters to make a new model code-named “Trinity” designed to close the technology gap to Tesla Inc. and challenge traditional rivals with highly automated driving features.  A new plant making about 250,000 cars annually close to the main factory in Wolfsburg would be… Continue reading VW considers new electric car factory in Germany to counter Tesla