As the Market staged a reboundMost electric vehicle stocks rose in the week ended October 21, helped by a positive start to the earnings season.
The week’s EV newsflow was led by the market leader Tesla, Inc TSLA result report.
Here are the top events to bring EV investors up to speed:
Tesla’s present tense, future perfect: Tesla’s third-quarter revenue and gross margin fell short of estimates, creating negative sentiment toward the stock.
chairman Elon Musk sounded upbeat on the conference call. He suggested that The fourth quarter is likely to be “epic.” The semi-launch event will take place on December 1, the billionaire confirmed. The company aims to expand semi-finished product production to 50,000 by 2024.
Tesla shared a link on its official Twitter account to vote for Supercharger locations, and those with a Tesla account can vote. The company said voters can cast multiple votes in each three-month voting cycle to help it decide new locations for its Superchargers.
Tulipshare, a platform for retail shareholders, called on Tesla to tie executive pay to environmental, social and governance factors, Reuters reported. The group said it plans to present a shareholder resolution on the matter during the electric vehicle maker’s annual general meeting of shareholders in 2023. So far, CEO Musk’s compensation has been tied to the company’s financial performance.
With the Twitter, Inc. TWTR Deal Deadline Approaching, Analysts Including Gary Black expect from Future Fund Musk wants to sell more Tesla shares next week. Black predicts a rally in Tesla shares once the Twitter deal backlog clears.
GM’s Cadillac Unveils $300,000 EV: General Motors Corporation GM Cadillac announced Ultra-luxury EV called Celestiq priced at a whopping $300,000 and up, which is scheduled to go into production at the end of next year. Not many are…
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