Walmart, Home Depot, Citigroup and more

Take a look at some of the biggest movers in the premarket: Walmart (WMT) – Walmart slumped 7% in premarket trading after missing bottom-line expectations for the first quarter. The retail giant earned $ 1.30 per share, 18 cents a share below estimates as inflationary pressures offset the positive impact of better-than-expected sales. Home Depot … Read more

Electric vehicle stocks surge

Beaten-up shares of several electric-vehicle start-ups traded sharply higher Thursday morning. Rivian Automotive after market close on Wednesday reported a first-quarter loss that was narrower than Wall Street had expected, and Lordstown Motors announced a crucial deal to sell its Ohio factory had closed. The stocks were up roughly 28% and 45%, respectively, in mid-morning … Read more

Lordstown Motors factory sale to Foxconn closes

Workers install door hinges to the body shell of a prototype Endurance electric pickup truck on June 21, 2021 at Lordstown Motors’ assembly plant in Ohio. Michael Wayland / CNBC Embattled electric vehicle start-up Lordstown Motors said Wednesday it has closed a $ 230 million deal to sell its Ohio factory to Taiwanese contract manufacturer … Read more

Lordstown Motors RIDE Q1 2022 earnings loss Foxconn

The Lordstown Motors Corp. Endurance electric pickup truck sits on stage during an unveiling event in Lordstown, Ohio, US, on Thursday, June 25, 2020. Matthew Hatcher | Bloomberg | Getty Images Struggling electric vehicle start-up Lordstown Motors said it’s on track to begin production of its Endurance pickup in the third quarter, about a year … Read more

Electric Last Mile shares plummet to $1 after company confirms SEC probe

The ELMS Urban Delivery, anticipated to launch later this year, is expected to be the first Class 1 commercial electric vehicle available in the US market and will be produced at the Company’s facility in Mishawaka, Indiana. Electric Last Mile Solutions DETROIT – Shares of EV start-up Electric Last Mile Solutions plummeted during intraday trading … Read more

GM sells its stake in embattled EV start-up Lordstown Motors

The Lordstown Motors factory is where GM once operated, in Lordstown, Ohio, on October 16, 2020. Megan Jelinger | AFP | Getty Images General Motors sold its stake in Lordstown Motors during the fourth quarter following an undisclosed lock-up period, the Detroit automaker confirmed Tuesday. GM owned 7.5 million shares of common stock in Lordstown … Read more

Workhorse swings to quarterly loss on recalls, outlines new product plan

Workhorse C-Series Courtesy: Workhorse Struggling electric vehicle start-up Workhorse Group expects to build roughly 250 vehicles in 2022 after completing a product roadmap overhaul, the company said Tuesday. Workhorse has struggled for several years to get market traction for its electric commercial vans. The company’s C-1000, designed for so-called “last mile” delivery service and launched … Read more

Lordstown Motors to produce 3,000 electric pickups through 2023

Lordstown Motors gave rides in prototypes of its upcoming electric Endurance pickup truck on June 21, 2021 as part of its “Lordstown Week” event. Michael Wayland / CNBC Embattled electric vehicle start-up Lordstown Motors expects to produce and sell up to only 3,000 vehicles through next year, the company announced Monday. Those plans include 500 … Read more

Earnings playbook: A big week of retail reports lies ahead. Here's what investors need to know

There are more key retail earnings scattered throughout this week, as well as some notable EV start-ups in Lordstown Motors and Lucid.

High-profile hedge funds jump on the EV bandwagon, loading up on Rivian shares

A slew of big-name hedge funds added stakes in the burgeoning electric vehicle space at the end of 2021.