Tesla, Honda, Canoo, Nikola and Blink Charging are included in this Analyst Blog.
Tesla (TSLA) manages to pull off the eighth consecutive earnings beat in Q422. Meanwhile, Honda (HMC) announces structural changes to ramp up the electrification business.
The combination of price cuts spreading through its industry and pullback from a hot buyout rumor really put the brakes on Canoo (NASDAQ: GOEV) stock Monday. The electric vehicle (EV) maker's share price fell by nearly 12% on the day, a far steeper decline than the 1.3% slip of the S&P 500 index. The major item making the EV sector as a whole volatile was a hot rumor at the end of last week that the huge Saudi Public Investment Fund (PIF) was eager to buy the remainder of high-end EV car maker Lucid Motors (PIF already holds a more than 65% stake in the company).