Sunday, January 17, 2021

Electric vehicle (EV) stocks


(by market cap)                        
Company name Mkt Cap
  • TSLA  Tesla  783.118B
  • LI   Li Auto  29.262B; China
  • NIO  NIO Inc.   87.72B; China
  • XPEV  XPeng 34.104B; China
  • QS   QuantumScape   19.65B; develops solid-state lithium-metal batteries for electric vehicles
  • NKLA  Nikola  7.582B
  • FSR   Fisker   4.178B; California-based
  • RIDE   Lordstown Motors  3.997B
  • GOEV Canoo   3.983B; California-based
  • WKHS  Workhorse Group  2.813B
  • XL   XL Fleet  2.617B
  • BLNK   Blink Charging   1.96B
  • IDEX  Ideanomics  883.334M
  • SOLO    Electrameccanica Vehicles  594.261M; Canada
  • KNDI  Kandi Technologies  572.507M; China
  • FUV  Arcimoto  541.248M; Oregon-based
  • AYRO  Ayro  190.958M

©Artremis / EAS (1/21)

Tuesday, January 5, 2021

Electric cars: Rivian

Rivian is an American manufacturer of electric vehicles. 

  • Founder & CEO: RJ Scaringe (2009–) 
  • Founded: 2009 
  • Headquarters: Plymouth, Michigan
  • Privately held company (Limited liability company)
  • Rivian is close to $25 billion valuation
  • Current investors in the electric-vehicle startup include Amazon, Ford, T. Rowe Price, BlackRock, Soros Fund Management and Fidelity.
  • https://rivian.com/
The R1T is an all-new model from Rivian, and the company says it'll start delivering to customers in June 2021. It kicks off with a Launch Edition that starts at $75,000.

The truck will be sold directly to consumers, although Rivian says that it also will set up a network of service centers and Tesla-like stores. Going on sale soon after the R1T truck will be the R1S, a seven-passenger SUV with similar specs.

Electric 2021 Rivian R1T



Founder Robert "RJ" Scaringe
He grew up in Melbourne, Florida, and has a doctorate in mechanical engineering from MIT's Sloan Automotive Lab.

Tuesday, December 1, 2020

Bitcoin & other cryptocurrency stocks

 (by market cap)                        

Company name Mkt Cap (USD)

  • GBTC  Grayscale Bitcoin Trust (a Bitcoin holding company)  7.903B
  • ETHE  Grayscale Ethereum Trust (ETH) 4.17B
  • RIOT  Riot Blockchain  Castle Rock, CO  1.534B
  • MARA   Marathon Patent Group  Las Vegas, NV  1.423B
  • BTBT  Bit Digital   China 1.203B
  • NCTY   The9 Limited  China  150.742M




Monday, November 30, 2020

Special-purpose acquisition company (SPAC)

SPACs—or Special Purpose Acquisition Companies—are publicly-traded investment vehicles that raise funds via an initial public offering (IPO) in order to complete a targeted acquisition.

SPACs have become an increasingly popular way method of going public. Rather than go through the traditional IPO market, an investor or firm uses a SPAC to raise funds to finance an acquisition within a certain time frame – and the company that is acquired is effectively taken public.


It’s been a mania in SPACs as businesses shy away from the traditional initial public offering market roiled by the coronavirus pandemic and wild volatility. So far in 2020, there have been 51 SPAC offerings, raising a record $21.5 billion, up 145% from the same period a year ago, according to Goldman.

Last month, Bill Ackman’s Pershing Square Tontine Holdings raised $4 billion to become the largest SPAC in history. Other notable SPAC acquisitions this year include Nikola and DraftKings.

A SPAC is a blank-check company formed to raise funds to finance a merger or acquisition within a certain time frame, typically two years. The target firm will be taken public through the acquisition. Goldman estimated that completed SPAC offerings currently searching for acquisitions exceeds $38 billion.

Goldman analyzed 56 SPACs that completed translations since the beginning of 2018 and found that in the long run, they tend to underperform the broader market and returns are all over the place.

Tuesday, October 20, 2020

General Motors unveils the 2022 GMC Hummer EV sport utility truck

The new Hummer EV sport utility truck, or SUT, is the "world's first supertruck". Available for $112,600 starting in 2021.
  • The GMC Hummer EV pickup will be the first real test of GM to directly compete against Tesla.

The Detroit automaker resurrects the Hummer as an all-electric “supertruck” that’s set to go on sale in roughly a year – likely ahead of Tesla’s Cybertruck. It will be GM’s first real test as a competitor against Tesla. It also will be the first vehicle with the company’s next-generation EV platform and batteries, known as Ultium.

The Hummer EV sport utility truck is expected to be one of the first electric trucks available for sale next year. It is anticipated to be a lifestyle truck more than a work truck and arrive in dealer lots before the Cybertruck as well as pickups from start-ups such as Rivian.

Ford is scheduled to release an electric version of its F-150 pickup by mid-2022. It is expected to be more work-oriented and compete more against an anticipated pickup from start-up Lordstown Motors than the Hummer. GM has confirmed plans for a Chevrolet work truck but the company has not released timing.


GM says the vehicle will offer the performance of an exotic sports car, including zero to 60 mph in 3 seconds, as well as off-road capability “that’s second to none.” Plus, it will have fast charging of up to 100 miles of range in 10 minutes as well as a host of new technologies such as GM’s next-generation driver-assist system that allows hands-free driving on highways.


Pricing
The technologies and performance will come at a cost though. Initial availability of the Hummer EV pickup next fall will start at $112,595, including destination charges, for a launch version called the “Edition 1.” A $99,995 version will be available a year later, followed by $89,995 and $79,995 models in the springs of 2023 and 2024, respectively.

The vehicle will be produced at a factory in Detroit that the automaker recently renamed “Factory Zero,” a nod to the company’s pivot toward zero-emission vehicles. It’s in the process of overhauling the facility with $2.2 billion in new investments.



GM decided to open up reservations for the electric pickup with a $100 deposit. Within about an hour of launching reservations, GM showed the Hummer EV Edition 1 reservations as “full.”
The $112,595 Hummer EV sport utility truck sells out in 1 hour.

Monday, September 21, 2020

Market update: The S&P 500 corrects 10% from recent high (21 Sept 2020)

At its low today, the S&P 500 was down 10.0% from the record high it set earlier this month -- a decline often described as a "correction." This might have been the green light for many investors and traders to buy the dip in the last hour of trading. 

YTD

  • Nasdaq Composite +20.1% 
  • S&P 500 +1.6% 
  • Dow Jones Industrial Average -4.9% 
  • Russell 2000 -11.0%