KraneShares Electric Vehicles and Future Mobility Index ETF

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Uber's $10 billion robotaxi strategy, including a 35,000-vehicle deal with Lucid backed by $1.05 billion in capital injections, is exposing fundamental challenges in autonomous vehicle manufacturing. While Uber maintains an asset-light model leveraging its platform dominance, Lucid faces significant upfront capital expenditures and execution risks to scale production. The financing is being interpreted by investors as a sign of continuous dilution risk rather than validation, with Lucid's stock down 45% year-to-date and 92.7% since its 2021 IPO.

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BYD outsold Tesla in Europe in April, but this did not significantly impact ETFs that hold Tesla. ETFs that balance Tesla's long-term vision with the rise of competitors like BYD may offer the most balanced approach.

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The electric-vehicle space saw a major deal this week, which, along with the broader market strength, imparted some buoyancy. However, stocks closed the week on a mixed note. Here are the key events that happened in the EV space during the week: Can Tesla Clear Lowered Bar? Tesla, Inc. (NASDAQ:TSLA) investors will be on pins and needles, as the company prepares to release its second-quarter deliveries, most likely on Tuesday. Future Fund’s Gary Black said he sees a decent chance of upside surprise given the muted expectations. He noted that the consensus calls for a 6% year-over-year decline in deliveries to 440,000 units, while whisper numbers are around 420,000 units. The fund manager attributed his positive expectations to recently strong weekly registrations data in China and the last two days of the quarter being over the weekend, which offer an opportunity to pull in deliveries. RBC Capital Markets analysts this week reduced their deliveries estimate from 533,000 units to 410,000 units, basing their prediction on the analysis of vehicle registration data and Tesla app downloads. Wedbush’s Daniel Ives believes the company may have seen a “mini rebound” in 2Q which should help it come close to the Street’s estimate. The focus going forward will likely be on a second-half unit recovery, price stabilization, China growth, and a “historic Robotaxi Day” scheduled for Aug. 8. Rivian Stock Takes Off On Financing Deal: Shares of Rivian Automotive, Inc. (NASDAQ:RIVN) ...Full story available on Benzinga.com

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EV makers like Nio, Xpeng and Tesla were among the most actively traded stocks on May 21. While upbeat earnings from Xpeng boosted the stock. increased activities in the industry probably put the spotlight on other EV makers.

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Electric vehicle stocks rebounded strongly this week, thanks to the broader market buoyancy and the frenzied buying in the small-cap space on the back of the meme rally 2.0. Here are the key events that happened in the EV space during the week: Tesla Goes All Out To Convince Shareholders: Tesla, Inc. (NASDAQ:TSLA) is working diligently to get CEO Elon Musk’s 2018 compensation package reapproved by shareholders at the June 13 annual meeting. The company has been courting retail shareholders through a dedicated “Vote Tesla” website, and has appointed a strategic advisor and an external law firm to spearhead the campaign, Bloomberg reported. Fund Manager Gary Black expressed confidence in the pay plan being approved, seeing it as crucial for ensuring Elon Musk’s continued involvement with Tesla. Tesla, meanwhile, continued to tinker with pricing and promotional measures. The company raised the price of the Model 3 Performance variant by $1,000 in the U.S., on top of a $1,000 hike announced earlier this month. The development is important because the company launched the Model 3 refresh in the U.S. less than a month ago. Ford Appeals To Suppliers: Legacy automaker Ford Motor Co. (NYSE:F), which is struggling with its EV transition, is trying hard to cut losses of its EV business. Crain’s Detroit Business reported Thursday that the company sent a memo to suppliers, seeking their help to reduce costs. “We have all invested heavily in the success of the EV business, and we will all win or lose together,” Liz Door, Ford’s chief supply ...Full story available on Benzinga.com

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