Nasdaq F Ford

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

General Motors Co will begin deliveries of its GMC Hummer electric pickup truck in December, the brand's chief said on Tuesday.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Detroit's Big Three automakers said Tuesday they will extend requirements for workers to wear masks at work sites but are not requiring unionized workers to be vaccinated against COVID-19.

What happened Shares of electric car powerhouse Tesla (NASDAQ: TSLA) jumped by 2% through 9:45 a.m. ET Tuesday in early trading on the Nasdaq -- then lost it all, and then some. By 11:17 a.m. ET Tesla stock was in negative territory, trading down by more than 2%.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

The auto industry is clearly shifting toward electricity, with every major automaker pushing hard in the electric vehicle (EV) space. However, it was Tesla (NASDAQ: TSLA) that really got the ball rolling on this front, and investors have clearly noticed.

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

What happened Shares of Rivian Automotive (NASDAQ: RIVN) declined by 8% on Monday after Ford (NYSE: F) halted its plans to build an electric vehicle (EV) with the upstart automaker.

What happened Ford Motor (NYSE: F) began its path toward investing in electric vehicles (EVs) before many of its announcements on the Mach-E or F-150 Lightning. Way back in April 2019, Ford made a $500 million investment into EV start-up Rivian Automotive (NASDAQ: RIVN). That rel

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

Rivian Automotive's (NASDAQ: RIVN) initial public offering (IPO) threw lighter fluid on the already scorching-hot electric vehicle (EV) industry. But zoom out, and Rivian is just the latest of several electric car stocks that are making a name for themselves on Wall Street.

The NASDAQ 100 Pre-Market Indicator is up 82.75 to 16,656.09. The total Pre-Market volume is currently 74,184,685 shares traded.The following are the most active stocks for the pre-market session: Astra Space, Inc. (ASTR) is +2.69 at $12.22, with 6,301,453 shares traded. ASTR's

Veteran electric-car stock investors have spent years with limited options. Sure, there have been raw-material plays like lithium or copper companies, but in terms of automakers, viable investments have been few and far between -- that is until companies like Lucid Group (NASDAQ:

Stock Market Futures Ticked Higher Ahead Of The Holiday-Shortened WeekU.S. stock futures edged higher on early morning Monday, pointing to a positive start for the stock market this week. Adding optimism to the bull market is the possible easing measures by China’s central

Ford Motor Company (F) canceled its plans to co-develop an electric vehicle (EV) with California-based EV maker Rivian Automotive Inc. (RIVN), according to Reuters.

Noatbly, shares of Rivian with a current market capitalization of $110 billion are up 28% since it went public on November 10. Ford continues to have a 12% ownership in Rivian.

See Top Smart Score Stocks on TipRanks >>

This is not the first time Ford has abandoned its joint venture with Rivian. Earlier, Ford had dropped its plan to build a new Lincoln from Rivian's EV chassis and hardware.

Despite discontinuing the collaboration, Ford continues to target global production capacity of 600,000 by late 2023. To achieve the same, the company has ramped up its EV development and manufacturing capabilities.

Management Weighs In/ CEO Comments

According to Reuters, a company spokesperson stated, “We respect Rivian and have had extensive exploratory discussions with them. However, both sides have agreed not to pursue any kind of joint vehicle development or platform sharing.”

Wall Street’s Take

Ford has a Moderate Buy consensus rating based on 8 Buys, 2 Holds, and 2 Sells assigned in the past three months. The average Ford price target of $18.08 implies 6.76% downside potential.

Related News:
Lithium Americas Acquires Millennial Lithium; Shares Up 3.5%
Kraft Heinz Falls after Top Shareholder Offers to Sell Shares
Uber Unveils New Membership Program: Uber One

Rivian (NASDAQ: RIVN) hit the public markets last week. A company with only a few dozen vehicle sales and a market cap over $100 billion seems to have broken the imagination of some investors. But let's not forget that Tesla (NASDAQ: TSLA) is a $1.1 trillion company, one of the m