EVs -- February 23, 2023

Updates

February 24, 2023: Debacle.

Original Post

Rivian: to report February 28, 2023. Ouch.

Lordstown: halts production. Propulsion anomaly. Down 14% today; market cap, $230 million. Down 60% for one year.

Nikola: fourth-quarter revenue falls short after it delivers just 20 trucks. Market cap: $1.2 billion. Down 7% today; down 70% for one year.

GOEV: down 7% today; down 85% for one year. 

FISKER: down 4% today; down 40% for one year.

Lucid: revenue falls short of estimates as it guides to higher EV production in 2023. BofA dowwngrades Lucid Group, citing near-term demand concern. Reuters. Down 16% today; down 65% for the year.

ARVL: shares dropped 9% yesterday. Down 3% today; down 90% for one year.

Ford EV production stoppage: announced about a week ago; no updates. Down 2% for the day; down 30% for one year. Pays 5%.

Buzz: Nividia making Mercedes-Benz a technology company.