Chapter 11 at Lordstown; Tesla charging standard more entrenched: This week in EVs

Investing.com2023-07-02

Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: RIDE files Chapter 11; Tesla sees continued expansion for its charging standard; and ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2348536862?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2023-07-02 13:59","share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","id":"2348536862","market":"us","top_or_hot":-1,"title":"Chapter 11 at Lordstown; Tesla charging standard more entrenched: This week in EVs","media":"Investing.com","content":"<div>\n<p>Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: RIDE files Chapter 11; Tesla sees continued expansion for its charging standard; and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/chapter-11-lordstown-tesla-charging-055952129.html\">Source Link</a>\n\n</div>\n","source":"yahoofinance","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chapter 11 at Lordstown; Tesla charging standard more entrenched: This week in EVs</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChapter 11 at Lordstown; Tesla charging standard more entrenched: This week in EVs\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-07-02 13:59 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://finance.yahoo.com/news/chapter-11-lordstown-tesla-charging-055952129.html><strong>Investing.com</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: RIDE files Chapter 11; Tesla sees continued expansion for its charging standard; and ...</p>\n\n<a href=\"https://finance.yahoo.com/news/chapter-11-lordstown-tesla-charging-055952129.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4561","symbol_name":"索罗斯持仓","start_time":0,"source_url":"https://finance.yahoo.com/news/chapter-11-lordstown-tesla-charging-055952129.html","article_id":"2348536862","we_media_id":null,"thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2348536862","pubTimestamp":1688277592,"columns":[],"sourceInfo":{"source_id":"yahoofinance","name":"雅虎金融"},"weMediaInfo":null,"summary":"Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: RIDE files Chapter 11; Tesla sees continued expansion for its charging standard; and TSP puts up for-sale signs.Get EV news like this in real time with InvestingPro. Start your 7-day free trial today.As part of its efforts to restructure under Chapter 11, Lordstown also unveiled a lawsuit against Foxconn parent Hon Hai Technology Group, accusing Foxconn of fraudulent behavior and of repeatedly reneging on its commitment to invest up to $170 million in the EV maker.The lawsuit alleges that Foxconn never had genuine intentions to fulfill its obligations, particularly in relation to the development platform for new vehicles. According to the filed complaint, Foxconn purposefully and in bad faith exploited the various contractual agreements with Lordstown to undermine and dismantle the company's operations, while leveraging the resources gained from the partnership to advance ","collect":0,"end_time":0,"defaultTopTitle":"yahoo.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4561":"索罗斯持仓",".IXIC":"NASDAQ Composite","BK4581":"高盛持仓","BK4551":"寇图资本持仓","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0234572021.USD":"高盛美国核心股票组合Acc","LU0820561909.HKD":"ALLIANZ INCOME AND GROWTH \"AM\" (HKD) INC","LU2249611893.SGD":"BNP PARIBAS ENERGY TRANSITION \"CRH\" (SGD) ACC","BK4099":"汽车制造商","BK4511":"特斯拉概念","TQQQ":"纳指三倍做多ETF","PSQ":"纳指反向ETF","BK4022":"陆运","QLD":"纳指两倍做多ETF","F":"福特汽车","LU2063271972.USD":"富兰克林创新领域基金","TSLA":"特斯拉","GM":"通用汽车","LU0823414478.USD":"法巴经典能源转换基金","LU0648000940.SGD":"Natixis Harris Associates Global Equity RA SGD","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","BK4585":"ETF&股票定投概念","LU1852331112.SGD":"Blackrock World Technology Fund A2 SGD-H","PSNY":"极星汽车","LU0198837287.USD":"UBS (LUX) EQUITY SICAV - USA GROWTH \"P\" (USD) ACC","LU1861215975.USD":"贝莱德新一代科技基金 A2","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4534":"瑞士信贷持仓","SQQQ":"纳指三倍做空ETF","LU0130103400.USD":"Natixis Harris Associates Global Equity RA USD","STLA":"Stellantis NV","LU1551013425.SGD":"Allianz Income and Growth Cl AMg2 DIS H2-SGD","IE00B1XK9C88.USD":"PINEBRIDGE US LARGE CAP RESEARCH ENHANCED \"A\" (USD) ACC","QQQ":"纳指100ETF","BLNK":"Blink Charging","BK4559":"巴菲特持仓","BK4527":"明星科技股","CHPT":"ChargePoint Holdings Inc.","LU0234570918.USD":"高盛全球核心股票组合Acc Close","LU2357305700.SGD":"Allianz Global Artificial Intelligence ET H2-SGD","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","LU1839511570.USD":"WELLS FARGO GLOBAL FACTOR ENHANCED EQUITY \"I\" (USD) ACC","BK4550":"红杉资本持仓","QID":"纳指两倍做空ETF","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU0056508442.USD":"贝莱德世界科技基金A2","RIDEQ":"Lordstown Motors Corp."},"translate_title":"第11章在洛兹敦；特斯拉充电标准更加根深蒂固：本周在电动汽车上","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"TSP":1,"GM":1,"PSNY":1,"F":1,"CHPT":1,"RIDE":1,"STLA":1,"TSLA":1,"RIDEQ":1,".IXIC":0.9,"BLNK":0.9,"TQQQ":0.6,"PSQ":0.6,"QID":0.6,"QLD":0.6,"QQQ":0.6,"SQQQ":0.6,"MNQmain":0.6,"NQmain":0.6},"content_text":"Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: RIDE files Chapter 11; Tesla sees continued expansion for its charging standard; and TSP puts up for-sale signs.\nGet EV news like this in real time with InvestingPro. Start your 7-day free trial today.\nLordstown declares bankruptcy\nFollowing the announcement of its bankruptcy protection filing in a Delaware court, Lordstown (NASDAQ:RIDE) shares witnessed a sudden 50% plunge on Tuesday morning.\nAs part of its efforts to restructure under Chapter 11, Lordstown also unveiled a lawsuit against Foxconn parent Hon Hai Technology Group, accusing Foxconn of fraudulent behavior and of repeatedly reneging on its commitment to invest up to $170 million in the EV maker.\nThe lawsuit alleges that Foxconn never had genuine intentions to fulfill its obligations, particularly in relation to the development platform for new vehicles. According to the filed complaint, Foxconn purposefully and in bad faith exploited the various contractual agreements with Lordstown to undermine and dismantle the company's operations, while leveraging the resources gained from the partnership to advance its own business interests.\nShortly after, Lordstown - named after the Ohio town it operates in - disclosed that it had received a delisting notice from Nasdaq. The notice, received on June 28, indicated the company's failure to comply with listing rules, resulting in the suspension of trading in its class A common stock on July 7, as stated in the filing.\nShares of RIDE fell 27% this week and are down nearly 88% so far this year.\nTesla Standard continues expanding\nTesla (NASDAQ:TSLA) received more good news this past week as EV makers and charging companies have continued to adopt the company’s North American Charging Standard (NACS), or “Tesla Standard,” as some call it.\nThe state of Washington said it would require EV charging companies to include Tesla’s NACS to their charging stations if they plan to be a part of a state program to electrify highways using federal dollars. The move follows an identical one in Texas a couple of days prior.\nPrevious adopters, Blink Charging (NASDAQ:BLNK) and ChargePoint (NYSE:CHPT), revealed Wednesday that they have both expanded their commitment to embrace the Tesla Standard. ChargePoint announced that it has made the popular charging connector available on all new orders and existing installations of its CP6000, Express 250, and Express Plus products, while Blink expanded the program to include its entire lineup of charging equipment.\nHarjinder Bhade, Chief Technology Officer at Blink Charging, said the company is able to \"enhance our product line rapidly, effectively, and efficiently to meet the evolving needs\" of original equipment manufacturers (OEMs) and EV drivers, emphasizing that its products \"will be accessible to every kind of driver\" across all car brands.\nOn top of that, Swedish automaker Polestar (NASDAQ:PSNY) announced Thursday that it had signed an agreement with Tesla to adopt the NACS. In a press release, the company detailed plans to include the Tesla standard in all new Polestar vehicles from 2025 onward. Adapters are expected in mid-2024 to allow existing Polestar drivers to access the network. Polestar CEO Thomas Ingenlath called the move a \"great win\" for its North American customers and one that \"will greatly increase the rate of EV adoption in a key automotive region.\"\nChrysler parent Stellantis (NYSE:STLA), the last of the “Big Three” to hold out on the wave of NACS adoptions, on Tuesday launched a \"Charging and Energy\" business unit called Free2move Charge. The company says the unit's services will include providing access to over 500,000 charging points in Europe \"through partners\" by the end of this year.\nBut the carmaker reiterated that it was still evaluating Tesla's charging standard after rivals Ford (NYSE:F) and General Motors (NYSE:GM) signed deals to adopt the charger in North America.\n\"We look forward to discussing more of that soon,\" said Ricardo Stamatti, senior vice president of the new unit.\nShares of TSLA closed the trading week up 4.7% to $261.77 - which also represents an 8.6% jump from the week's intraday low of $241.02, hit on Monday.\nIs TuSimple for sale?\nRival autonomous trucking company TuSimple (NASDAQ:TSP) had a roller-coaster week that began with gains on the company’s first fully unmanned road test in China, and which ended with shares plummeting nearly 30% off their $2.30 high after on news TuSimple is mulling a sale of its U.S. operations.\nThe California-based company, which said it is considering the sale in order to focus on the Asia-Pacific region, is also facing a potential delisting from the Nasdaq stock exchange due to a failure to file two quarterly reports.\nTuSimple, which has been in the red since its establishment in 2015, has engaged U.S. investment bank Perella Weinberg Partners as financial advisor in order to explore possible transactions for the business, it said.\nThe company has operations in China and Japan, and has been significantly increasing its focus on these markets in recent weeks.\nShares of TSP ended the trading week down 18%.\nRelated Articles\nChapter 11 at Lordstown; Tesla charging standard more entrenched: This week in EVs\nMusk says Twitter will limit how many tweets users can read\nUnited Airlines CEO aims to avoid flight disruptions ahead of US Fourth of July holiday travel","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2348536862"}