Business, Technology, Fuel

Rivian Leaps Past Volkswagen’s Valuation Amid EV Mania

A searing five-day rally in the shares of Rivian Automotive Inc. has led the electric truck startup to more than double in value since last week’s trading debut, with its market capitalization now surpassing Volkswagen AG.

Esha Dey | Bloomberg News
November 16, 2021
Business, Technology, Equipment, Autonomous

Tesla Becomes Lowest-Revenue Company to Hit $1 Trillion Market Value

Tesla Inc. has joined the trillion-dollar-valuation club as the member with the lowest revenue.

Esha Dey | Bloomberg News
October 26, 2021
Business, Technology, Fuel, Logistics

Workhorse Shares Sink After It Halts Electric Van Deliveries

Workhorse Group Inc. shares plunged Sept. 22 to their lowest since May after the embattled electric vehicle maker said it will suspend deliveries of its vans and recall units it has already delivered.

Esha Dey | Bloomberg News
September 22, 2021
Business, Technology, Fuel

Workhorse Soars 83% in Three Days on Newfound Retail Fandom

Troubled electric truck startup Workhorse Group Inc. has become the latest darling of retail traders, who have pushed its share price up 83% in just three trading sessions.

Esha Dey | Bloomberg News
June 3, 2021
Business, Technology, Fuel, Autonomous

Nikola’s Stock Selloff Accelerates as Shares Fall Below $10

Nikola Corp. shares fell April 20 to the lowest since January 2019, accelerating a selloff that has now erased all their gains since the electric-vehicle startup went public last year.

Esha Dey | Bloomberg News
April 20, 2021
Business, Technology, Equipment

Tesla’s Blowout Deliveries Lift Shares Even as Smaller Peers Lag

Tesla Inc. first-quarter delivery numbers blew past analysts’ estimates, helping the stock fend off a slide in the broader electric vehicle industry amid growing skepticism about the future of President Joe Biden’s infrastructure bill.

Esha Dey | Bloomberg News
April 6, 2021
Government, Business, Technology, Fuel, Autonomous

EV Stocks Climbing Back on Biden’s ‘Green Tidal Wave’

Electric vehicle stocks, which were hit hard this year as investors shifted out of growth industries, are getting a boost as President Joe Biden mounts a major push to accelerate the adoption of battery-powered cars, and Chinese peers report strong March sales.

Esha Dey | Bloomberg News
April 1, 2021
Business, Technology, Fuel

Lordstown Motors Sets Debut Report Without EV Pickups to Show Off

Lordstown Motors Corp.’s first-ever quarterly report is likely to be overshadowed by broader concerns about customer demand and progress on getting production going at the electric-vehicle startup.

Esha Dey | Bloomberg News
March 17, 2021
Business, Technology, Fuel

Tesla Roars Toward Biggest Gain in Over a Year

Investors rushed back into Tesla Inc. shares on March 9, putting a screeching halt to a five-day slump, and pushing the stock to its biggest gain in more than a year.

Esha Dey | Bloomberg News
March 9, 2021
Government, Business, Technology, Fuel, Autonomous

Workhorse Passed Over as Oshkosh Wins USPS EV Contract

Electric-vehicle maker Workhorse Group Inc. plunged on Feb. 23, triggering multiple trading halts, after a key U.S. Postal Service contract that some had expected it to win went to rival Oshkosh Corp. instead.

Esha Dey | Bloomberg News
February 24, 2021