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Uber's $10 Billion Robotaxi Bet Is Turning Lucid Into A Dilution MachineUber'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.Benzinga · May 26, 2026

BYD Outsells Tesla In Europe, But These ETFs Still Back Elon's EV EmpireBYD 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.Benzinga · May 22, 2025

Tesla Rises Ahead Of Crucial Q2 Deliveries, Rivian Affirms Goal After Volkswagen Deal, Nikola Ropes In Key Customer And More: Biggest EV Stories Of The WeekThe 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.comBenzinga · Jun 29, 2024

Chinese Electric Vehicle Earnings Put These ETFs in FocusEV 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.Zacks Investment Research · May 22, 2024

Tesla Sweats Over Approval Of Elon Musk's Pay Plan, Ford's Distress Call To Suppliers, Faraday Future's Mouthwatering Rally And More: Biggest EV Stories Of The WeekElectric 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.comBenzinga · May 18, 2024

Electric Vehicle (EV) ETFs Struggling: Near-Term Turnaround Likely?Once-burgeoning electric vehicle startups, powered by favorable financial conditions and investor optimism, are now grappling with the tough scenarios of the market. But is there a light at the end of the tunnel?Zacks Investment Research · May 13, 2024

What Lies Ahead of Electric Vehicle (EV) ETFs?The electric vehicle (EV) industry is dwindling between perils and possibilities. Sales of hybrid vehicles may gain traction in the medium term.Zacks Investment Research · Apr 16, 2024

EXCLUSIVE: Expert Predicts 'Double-Digit Growth' In 2 Sectors Thanks To Major Federal Investments (CORRECTED)Editor’s Note: This article has been updated to accurately report the remaining funds as $350 billion. In an exclusive interview with Benzinga, Michael Sayers, CFA and vice president and portfolio manager at Rockland Trust, shared valuable insights into today’s investment opportunities. Below, we explore the key questions and Sayers’ insightful responses: How The CHIPS Act, IRA Act & Infrastructure Act Create Investment Opportunities When asked about the anticipated influence of recent legislative developments like the CHIPS Act, IRA Act, and Infrastructure Act on investment opportunities, Sayers provided a comprehensive overview. Regarding the potential effects of the CHIPS Act on technology investments and the semiconductor industry, Sayers pointed out the significant earmarked funds for semiconductors. He highlighted the substantial infrastructure-related spending authorized by these acts, totaling approximately $1 trillion over the next decade. A Significant Amount Of Money Still On The Table Some quick back-of the napkin math by Sayers went as follows; “Infrastructure-related spending across the Inflation Reduction Act (IRA), Infrastructure, and CHIPS acts totals ~$1 Trillion over a period of 10 years ending in 2031. About $650 billion has been authorized/committed so far.” About $250 billion has been allocation to semiconductors. This should benefit investments into the iShares Semiconductor ETF (NYSE:SOXX) which ...Full story available on Benzinga.comBenzinga · Apr 16, 2024

Look Closer: Cathie Wood's Ark Analyst Explains Why EVs Seem To Be 'Entering, Not Ending, A Traditional Adoption Curve'Even as Wall Street bakes in a slowdown in electric vehicle adoption, Cathie Wood‘s Ark Investment Management asserted on Wednesday that the appeal for this vehicle category remains strong. Contrary Signal: Despite widely reported deceleration in sales growth from 113% in 2021 to 59% in 2022 and 28% in 2023, Sam Korus, Director of Research Autonomous Technology & Robotics at Ark, stated that this trend does not ring alarm bells for EVs. Market share data, according to Korus, offers a more insightful perspective on the health of the EV market than growth metrics. He noted that sales of gas-powered vehicles peaked in 2017, subsequently displaced by hybrids, plugins, and fully electric vehicles. Between 2021 and 2023, EV sales nearly doubled from 4.8 million units to around 10 million units, increasing their ...Full story available on Benzinga.comBenzinga · Apr 11, 2024

Pain or Gain Ahead of Electric Vehicle ETFs?The EV industry in 2024 is poised at a critical juncture, with growth opportunities tempered by economic and technological challenges. However, the slowing momentum should gain traction in the medium term.Zacks Investment Research · Mar 12, 2024

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