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Fisker stock continues to be volatile in the aftermath of accounting control issues that led to unexpected management turnover.
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Stocks can become buys for Wall Street analysts any number of ways. New management, new products, or a renewed focus on costs can all be catalysts analysts that analysts examine. Sometimes investors turn stocks into buys all by themselves.
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has had a big high and a big surprise in the past week—and Wall Street isn’t happy about it.
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stock plummeted earlier this week after announcing plans to raise more capital and one analyst understands why. It was one of the reasons he downgraded the stock.
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https://www.barrons.com/articles/rivian-stock-price-ev-production-7ca9a498
Rivian Automotive
gained again on Friday after an analyst raised the electric-vehicle maker‘s price target, saying the company was “making a major turn
towards executing on its longer-term business model.”
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Rivian Automotive shares are basically free, the latest evidence, if any was needed, that the stock market is hard to figure out.
Shares of the electric- truck start-up (ticker: RIVN) fell for a fourth consecutive day on Tuesday. First there was the banking crisis, which hit most stocks last week. Then the market learned Monday that Rivian might end its exclusivity pact with
Amazon.com
(AMZN), freeing up the auto maker to sell electric vans to other customers.
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https://www.barrons.com/articles/stock-market-movers-apple-amazon-google-ford-51675354870
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Electric vehicle buyers in the U.S. can now get a purchase tax credit from the government, and it has pushed the price of several high-volume EVs below the average price paid for a new car in America.
There are currently seven high-volume EVs that cost less than the average new car, including two
Tesla
(ticker: TSLA) models. Buyers should look at those if they are thinking about going electric.
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https://www.barrons.com/articles/tesla-rivian-lucid-stock-ev-demand-51671055341
Eventually supply and demand realities catch up with everyone—even
Tesla
Morgan Stanley analyst Adam Jonas looked into 2023 and sees some concerning signs for electric-vehicle makers.
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Rivian Automotive is recalling nearly all of its vehicles to address a potential problem that could cause customers to lose steering control, the company said Friday.
The electric truck and SUV maker said the recall was made after it discovered a fastener connecting the upper control arm and steering knuckle may have been improperly installed. In rare cases, the problem could lead to a loss of steering control, the company said.
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