XPeng Stock Gets Another Downgrade. It’s Becoming More Controversial Than Tesla.

Shares of pure-play electric vehicle producers can be controversial on Wall Street. High-growth car stocks can be difficult to value when the traditional auto players trade for less than seven or eight times estimated earnings. Shares of Chinese EV maker XPeng (ticker: XPEV) are now one of the most controversial EV stocks, supplanting even Tesla … Read more

Soros fund doubles down on Rivian bet, buys stakes in Lucid, Nio

Billionaire George Soros’s investment fund has doubled down on its bet on Rivian Automotive Inc. and taken new positions on EV makers Nio Inc. and Lucid Motors Inc., according to a filing late Friday. As disclosed in February, Soros’s fund had bought nearly 20 million shares of Rivian RIVN, +9.88%, worth about $2 billion at … Read more

Tesla Investors Beware: Bad NIO, Li, XPeng April Deliveries Hit by Covid.

A Covid outbreak in China, which forced production shutdowns, is weighing on April’s output numbers for electric vehicle makers. Hector Retamal/AFP via Getty Images Text size Chinese electric vehicle makers NIO , XPeng and Li Auto reported April deliveries on Sunday morning. The numbers aren’t very good. That gives Tesla investors something else to worry … Read more

China’s Nio halts EV production as COVID lockdowns disrupt its supply chain

Nio Inc., the China-based electric-vehicle maker, over the weekend warned of delivery delays after suspending production due to COVID-19 restrictions that have disrupted its supply chain. “There will be a delay in the delivery of vehicles for many customers in the near future, and we ask for your understanding,” Nio NIO, -1.77% said in a … Read more

Nvidia Stock Is Rallying. Next Week’s GTC Conference Can Keep It Going.

Text size After rocketing higher in 2021, Nvidia shares have been under pressure in 2022. Remus Rigo/Dreamstime.com Like much of the rest of the stock market, to say nothing of the beaten-down tech sector, Nvidia has had a tough start to 2022. Even as the stock moves higher on Friday, next week offers potential catalysts … Read more

Nio Deliveries Fell Last Month. What That Means for Tesla Stock.

Text size Deliveries for XPeng, Li, and NIO combined were down in January, snapping a two-month streak of gains. Hector Retamal/AFP via Getty Images Electric-vehicle deliveries at NIO , XPeng , and Li Auto all dipped in January from a record December, snapping recent sales momentum. After a rush to beat incentive cuts, Chinese buyers … Read more