Tesla Motors, Inc. (NASDAQ:TSLA), (RIVN) – EV Week In Review: Tesla, Nikola Call Truce; Week To Forget For Rivian; Sony Jumps Into EV Arena And More

Electric car shares closed mixed in the week ending January 7, with the market topping Tesla, inc. (NASDAQ:TSLA) gave back strong gains made in response to its stellar fourth-quarter deliveries. Shares in the space were also pressured along with the technology sector in the wake of hawkish comments from the Federal Reserve this week.

Here are the most important events that occurred in the electric vehicle space during the week:

Tesla achieves record fourth-quarter sales, FSD price increase, Cathy continues to sell and more: Last Sunday, Tesla announced record deliveries of 308,600 vehicles in the fourth quarter, pushing annual deliveries to 936,172 units. The results exceeded expectations by a huge margin.

Executive Director Elon Musk Announced via Twitter, Tesla’s fully self-driving program will become more expensive, rising to $12,000 starting Jan. 17. He also said that the price of a monthly subscription will rise when the FSD is released on a larger scale.

Cathie Wood’s Ark Invest continued to reduce its stake in Tesla to benefit from a strong rally in the stock.

Nicholas amid the outpouring of positive news: Boxed EV Maker nicola company (NASDAQ: NKLA) Three positive triggers this week. The company and Tesla have filed mutual notice with the US District Court for the Northern District of California, voluntarily dismissing a longstanding patent infringement claim between the two companies.

Nicolas signed a letter of intent with Saia, Inc. (NASDAQ:SAIA) to supply or lease 100 Nikola Tre heavy duty trucks. Earlier this week, USA Truck Corporation announced a letter of intent for an initial purchase of Nikola Tre EV trucks from Thompson Truck Centers, a member of Nikola’s sales and service dealer network.

Rivian Swings at Amazon Partner Stellantis Deal: Rivian was among the worst performing electric vehicle stocks the following week Stylantis Nevada (NYSE: STLA) Amazon, Inc. (NASDAQ:AMZN) It ​​will be ProMaster EV’s first commercial customer in 2023. The e-commerce giant owns a stake in Rivian and is the company’s largest customer.

Related link: As Rivian pulls back toward the IPO price, what should traders do with the stock?

General Motors launches its first Silverado pickup truck: Taking another step forward in its transition to EV, General Motors Corporation (NYSE: GM) has launched an electric version of its Silverado ICE truck built on the company’s 400-mile range Ultium EV platform. The EV truck is expected to start at $39,900, the same price Ford Motor Company (NYSE: F) F-150 Electric Lightning Truck.

Sony’s EV ambition: Japanese consumer electronics giant Sony group company (NYSE: SONY) announced its EV concept car at CES 2022. The company said the Vision-S 02 SUV is being tested on public roads.

The Ocean SUV from Fisker has a 4D digital imaging radar system: Fisker said its Ocean SUV will feature a four-dimensional digital imaging radar system, the first of its kind. The radar system, according to the company, will help enable the vehicle’s advanced driver assistance systems, known as the Fisker Intelligent Pilot. The car will also be equipped with an array of peripheral vision cameras and even a camera to monitor driver behaviour.

Meanwhile, CEO Henrik Fisker He said the company will likely raise $1.3 billion in revenue from existing reservations for its Ocean SUV, which will go on sale in November 2022.

EV inventory performance for the week:

Related Link: After Strong 4th Quarter Deliveries, Will Tesla’s Growth Hinge on These Two Factors?

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