Tesla Stock Lifts Off, Lucid's Ready To Delivery Offer, Rivian Worker Safety Complaint And More: Week's Biggest EV Stories

Benzinga2022-11-27

ZINGER KEY POINTSEV stocks has been languishing in extremely oversold levels, due to both external and internal factors.After a lean patch, Tesla stock turned around this week, it remains to be seen ...

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soosoo
2022-11-29
soosoo
[Happy]
PhilipGoh
2022-11-28
PhilipGoh
Good
PhilipGoh
2022-11-28
PhilipGoh
Good
Bull1973
2022-11-27
Bull1973
Ok
Shahfarid
2022-11-27
Shahfarid
Ok 👍🏽
MickeyBond
2022-11-27
MickeyBond
Ok

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A majority of the recalls could be addressed through over-the-air updates, the company said in a filing with the Chinese regulator.Another report suggested that Tesla could be eyeing another factory location in Asia, with South Korea rumored to be the likely spot.Tesla’s full-self driving package beta is now available to all vehicle owners in North America who have paid for it, Musk confirmed this week.Hyundai Accelerates EV Investment In US: South Korean legacy automaker Hyundai Motor Company will invest about $926 million in an EV Power Electric facility system in Bryan County, Georgia. Construction would begin in January 2023 and production will start sometime in 2024, the company said. This follows the company breaking ground on a $5.5 billion EV manufacturing factory in Bryan County in October. This plant is expected to come online in 2025 and have a production capacity of about 300,000 EVs per year.Rivian Employees Flag Safety Concerns: Rivian Automotive, Inc., which is touted as a potent rival to Tesla, came under criticism after several of its employees revealed alleged safety violations at the company’s Illinois plant, Bloomberg reported, citing a complaint filed with federal regulators. Employees have alleged that the company ignored hazards and deprioritized safety resources that left some with a range of injuries such as a crushed hand, a broken foot, a sliced ear and broken ribs.Canoo Spikes On Insider Buying: Shares of cash-strapped Canoo Inc. rallied hard on Friday after CEO Anthony Aquilla bought $10 million worth of shares of the company, taking his stake in Canoo to more than 19%.All About Lucid’s ‘Ready To Deliver’ Section: Lucid Group, Inc. launched a “Ready To Deliver” section on its U.S. website that could come in handy for customers who do not want to place a custom order and wait for the delivery of their Air sedan. 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