Tracking
EVs: in round numbers --
- 2022:
- F: sold 61,575 EVs in 2022: became the second-largest EV manufacturer in the US, behind Tesla
- F-150 Lightning price:
- $40K to $92K
- GM:
- sold fewer than 25,000 EVs in 2022
- 2023:
- Tesla: 1.1 million EVs
- F: 500,000 EVs -- original estimate
- run rate
- F-150 Lightning: 150,000 annual run rate
- on track to triple production y/y
- sold 3,600 through February, 2023
- list price: $52K to $97K
- Mustang Mach-E: 210,000 annual run rate
- GM:
- to deliver 400,000 EVs by end of 2023, link here;
- will build a third factory to build the Silverado EV
- currently: Factory Zero and the Orion assembly plant
- 2026:
- Tesla:
- F: 2 million
- GM:
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ICU
The next twelve months look like it could be "make it or break it" for a number EV manufacturers with the new Fed policy: "higher, sooner, longer."
Rivian's offering:
- $1.3 billion
- 4.625%
- will settle March 10, 2023
- due 2029
Links.
- Lordstown:
- Ford EV division:
- Ford: production halt buried deep in article, March 3, 2023. Production set to begin again on March 13 2023.
- Ford: published on/about March 3, 2023; fails to mention that Ford had temporarily shut down EV production.
- Ford and GM: February 28, 2023 -- both Ford EV and GM have shut down pickup production -- for different reasons. Link here.
- Market today, mid-day:
- Lordstown (RIDE): down another 7.5% today.
- Nikola: down 2%.
- ARVL: down 9.3%.
- LCID: up slightly.
- RIVN: up 3%.
- FSR: down 1.3%.
- F: flat, slightly green
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Market
So, with the new Fed policy, "much higher sooner, much longer," how did the EV manufacturers do yesterday, Tuesday, March 8, 2023? (For 52 weeks):
- F: down 1%. (A high of $17.80; now trading for $12.98).
- RIVN: down 15%. (A high of $56.76; now trading for $14.64). All-time high: $172.01.
- RIDE: down 4%. (A high of $3.79; now trading for $0.98). All-time high: $29.01.
- LCID: down 6%. (A high of $28.14; now trading for $8.31). All-time high: %55.21.
- ARVL: down 4%. (A high of $4.13; now trading for $0.24). All-time high: $31.54.
- GOEV: down 7%. (A high of $6.25; now trading for $0.65). All-time high: $20.28.
- TSLA: down 3%. (A high of $384; now trading for $188).
- NKLA: down 5%. (A high of $11.87; now trading for $1.95). All-time high: $65.
- FSR: down 4%. (A high of $14.74; now trading for $7.40); All-time high: $28.50.
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