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Ev Deliveries

All articles tagged with #ev deliveries

markets11 days ago•6 min saved

EV Delivery Boost Lifts BYD, Xiaomi as Asia Markets See Tech Rout

Hong Kong-listed EV makers BYD and Xiaomi rose after June delivery figures, while a broad tech selloff dragged Asia’s chipmakers and pushed indices like South Korea’s Kospi lower. Oil prices slipped as Middle East tensions eased. Other headlines included Hanwha Ocean being named the preferred bidder for a South Korean destroyer program, rising inflation in Korea fueling rate‑hike expectations, and U.S. stock futures hovering near flat ahead of trading.

via CNBC|

#asia-markets #ev-deliveries #markets

business5 months ago•2 min saved

Tesla’s profits slide as AI bets outpace slipping EV demand

Tesla posted a 61% quarterly net income drop to $840 million as revenue declined 3% to $24.9 billion, with operating expenses up 39% to $3.6 billion and margins compressing to 5.7%. The company also disclosed a $2 billion investment in Elon Musk’s AI startup xAI, signaling a pivot to artificial intelligence even as EV deliveries fell 8.6% in 2025 to 1.64 million.

via Axios|

#ai #business #earnings

business8 months ago•3 min saved

Rivian Prepares for Q3 Earnings Amid Industry Challenges and Model Launches

Rivian is set to report Q3 earnings with expectations of a 73% revenue increase to $1.51 billion and a narrower loss per share of $0.74. Despite recent strong delivery numbers, analysts are cautious due to demand uncertainties post-EV tax credit expiration, with some downgrading the stock and others maintaining a neutral outlook. Options traders anticipate a nearly 10% move in the stock post-earnings, and the overall market sentiment is cautious, with a hold consensus and a slight upside potential.

via TipRanks|

#business #ev-deliveries #market-expectations

business8 months ago•2 min saved

Tesla Faces Profit Decline Amid Price Cuts and Market Challenges

Tesla's Q3 2025 EV deliveries hit a record, but concerns remain about declining profit margins and high valuation. Top investor Daniel Sparks highlights the potential of Tesla's self-driving tech and growth opportunities, but advises caution due to economic uncertainties and lofty stock valuation, leading to a neutral stance with a 12-month target of $378.20, implying a ~13% loss.

via TipRanks|

#business #ev-deliveries #profit-margins

business9 months ago•2 min saved

Rivian's Delivery Outlook Dims Amid Production Challenges and Market Concerns

Rivian reported better-than-expected Q3 2025 EV deliveries of over 13,000 vehicles, despite lower production, and has maintained its annual delivery guidance between 41,500 and 43,500 units, with full financial results to be released on November 4, 2025.

via Electrek|

#business #ev-deliveries #guidance

business1 year ago•4 min saved

Tesla's Q2 Deliveries Drop Amid Leadership Focus and Market Challenges

Tesla reported Q2 vehicle deliveries of 384,122, slightly below analyst estimates but with production nearly flat year-over-year, and announced energy storage deployment of 9.4 GWh. Despite some demand pressures and leadership changes, Tesla's stock rose around 6% after the report, supported by positive sentiment around its robotaxi launch and future growth prospects.

via Investor's Business Daily|

#business #energy-storage #ev-deliveries

business2 years ago•2 min saved

Lucid Motors' Stock Plummets as Q4 EV Deliveries Disappoint

Lucid (LCID) stock hits a new low after reporting a slip in Q4 EV deliveries, down nearly 12% year-over-year. The company delivered 1,734 vehicles in Q4 2023, up slightly from the previous quarter but down from its peak in Q4 2022. Production also decreased by 30% year-over-year. The EV maker hopes to regain momentum with the launch of its first electric SUV, the Lucid Gravity, and its Q4 earnings report is due out on February 21.

via Electrek.co|

#business #electric-vehicles #ev-deliveries

business2 years ago•1 min saved

Lucid's Stock Plummets as Q4 EV Deliveries Fall Short

Lucid Group Inc.'s stock plunged to another record low after the company's fourth-quarter electric vehicle deliveries fell short of Wall Street expectations, with shares sinking 6.9% in midday trading. The company reported delivering 1,734 EVs, missing the FactSet consensus of 2,000, and producing 2,391 vehicles in the fourth quarter, down about 32% from last year. This disappointing news also impacted other EV makers, with Tesla Inc. and Rivian Automotive Inc. seeing declines in their stock prices.

via MarketWatch|

#business #electric-vehicles #ev-deliveries

business-electric-vehicles2 years ago•1 min saved

Lucid Motors Exceeds Quarterly EV Delivery Expectations Despite Stock Decline

Lucid Group Inc. exceeded analyst estimates by delivering 1,734 electric vehicles in the fourth quarter, but fell short of its original target for the year with 8,428 EVs produced. The company struggled with supply issues and inconsistent output at its Arizona plant, leading to a 57% stock decline in the past 12 months.

via Yahoo Finance|

#business-electric-vehicles #electric-cars #ev-deliveries

business2 years ago•1 min saved

Lucid's Disappointing Q3 EV Deliveries Cause Share Price Drop

Luxury electric vehicle maker Lucid Group reported lower-than-expected third-quarter deliveries of its Air sedans, with 1,457 vehicles delivered compared to analysts' expectations of around 2,000. The company's shares fell about 3% as concerns about ongoing demand for the expensive EV lingered. Lucid had previously stated its goal of producing "over 10,000" vehicles in 2023 but did not provide an update on its production guidance. The company's liquidity, however, remains strong with $6.25 billion available as of the end of the second quarter.

via CNBC|

#business #demand #electric-vehicles

business2 years ago•2 min saved

VinFast's EV Sales Surge, But Financial Concerns Persist

Vietnamese EV maker VinFast reported an increase in EV deliveries, revenue, and vehicle sales in the third quarter, primarily driven by sales to its affiliate company, Green and Smart Mobility (GSM). Despite the growth, net losses continued to rise, reaching $622.9 million. VinFast's founder, Pham Nhat Vuong, plans to inject $2.5 billion into the company to boost growth, and the company reaffirmed its target of delivering between 40,000 and 50,000 vehicles this year. However, with only 21,342 EVs delivered so far, VinFast will need to significantly increase output to meet its goal.

via Electrek.co|

#business #ev-deliveries #growth

business2 years ago•1 min saved

Chinese EV Brand Li Auto Achieves Record Deliveries in August, On Track to Meet Q3 Guidance

Chinese electric car companies Li Auto, Nio, and Xpeng have reported strong delivery numbers for August, keeping pace with their third-quarter guidance. Li Auto led the pack with a record 34,914 car deliveries, surpassing its forecasted range. Nio delivered 19,329 vehicles, slightly lower than July but within its projected range. Xpeng delivered 13,690 electric cars, with over half being its new G6 coupe SUV. The Chinese electric car market remains highly competitive, with state-owned GAC's Aion brand delivering the highest number of cars in August. BYD, Aion, and Li Auto have surpassed Tesla China in monthly retail sales.

via CNBC|

#business #chinese-electric-car-market #ev-deliveries

business2 years ago•2 min saved

Polestar's Q2 Loss Narrows Amid Supply Chain Challenges

Swedish electric vehicle maker Polestar reported a net loss of $304.1 million for the second quarter, with adjusted losses of $334.4 million. However, the company remains on track to deliver at least 60,000 EVs in 2023 and confirmed that its next two new models, the Polestar 3 and Polestar 4, are still expected to go into production as planned. Polestar delivered 15,765 vehicles in Q2, a 36% increase from the previous year, and aims to produce between 60,000 and 70,000 vehicles in 2023 with a gross margin of 4%. The Polestar 3 SUV has been delayed until early 2024 due to software issues, while the Polestar 4 is set to begin production in November.

via CNBC|

#business #earnings-report #electric-vehicles

automotive3 years ago•2 min saved

Volkswagen's EV Deliveries Surge Despite Logistics Challenges

Volkswagen Group reported a 48% increase in electric vehicle (EV) deliveries in the first half of 2023, with EVs accounting for 7.4% of total deliveries. The growth was driven by a strong performance in China, where VW has struggled in the past. However, the company has lowered its overall delivery guidance due to logistics bottlenecks. Despite this, VW expects a higher proportion of EV sales in the second half of the year and confirmed its financial outlook for the year.

via Electrek.co|

#automotive #china #ev-deliveries

finance3 years ago•3 min saved

Stock Market Closes Early, Tesla and EV Rivals Soar on Record Deliveries

The Dow Jones Industrial Average closed unchanged in a shortened trading session ahead of the July 4 holiday. The S&P 500 rose slightly, while the Nasdaq led with a 0.2% gain. Tesla and other electric vehicle (EV) rivals soared after reporting record deliveries in the second quarter. Tesla delivered 466,140 vehicles, beating estimates, and its shares are approaching a 52-week high. Meanwhile, manufacturing declined for the second month, and AstraZeneca fell after mixed results from a Phase III trial.

via Investor's Business Daily|

#dow-jones #ev-deliveries #finance