Rivian, EV
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There's one stock, in particular, that stands out when it comes to EVs, and it isn't the one you might be thinking of. I'd go so far as to call General Motors ( GM +1.04%) the biggest no-brainer stock to buy in the entire automotive industry.
There’s an “inherent duality of the market moment we’re in,” says Corey Cantor, research director of the Zero Emissions Transportation Association. “On the one hand, EV sales are higher than they have ever been, and yet automakers still remain concerned.”
The federal tax credit that boosted electric vehicle sales for the last three years is gone, leaving EV makers to find new ways to entice car buyers.
Heavy discounts on new electric vehicles and buyer skepticism about their durability continue to push down used EV prices, which experts say has opened up a traditionally pricey market to more
Ford’s CEO predicts slower EV growth as costs rise and tax breaks expire, saying the electric vehicle market will be “way smaller” than expected.
Electric vehicle maker Rivian Automotive has agreed to pay $250 million to settle a class-action lawsuit filed by shareholders who alleged the company misled investors about vehicle pricing during its 2021 IPO.
Rivian CEO RJ Scaringe told BI that the company tore down China's highly popular Xiaomi SU7 and found that it was a "really well executed car."
Competitors like Ford’s Maverick may offer cheaper leases.
Electrical contractors and solar companies are integrating EV charging systems with renewables and energy storage to improve resiliency and sustainability for their
General Motors Co. (NYSE: GM) CEO Mary Barra says that the Chinese EV market is currently grappling with overcapacity amid the country's EV price war. Check out the current price of GM here.
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