: EVs, self-driving cars and how to make money from them in the stock market

by | Aug 11, 2023 | Stock Market

Coverage of the electric-vehicle space is typically focused on battery EVs. Maybe plug-in hybrids are boring, or maybe people shy away from complicated cars that have two power systems for them to worry about. But Ford Motor Co.
is pushing hybrids for the long-term, as Claudia Assis explains.

This week Rivian Automotive Inc.
raised its production guidance for 2023 by 4% to 52,000 vehicles, after reporting that its second-quarter production had increased by 49% from the first quarter, as its vehicle deliveries rose 59%. But analysts have mixed opinions about the company’s shares. In the Financial Face-Off column, Leslie Albrecht compares the long-term cost of owning an EV against that of owning a vehicle with a traditional combustion engine. California regulators have decided to allow Waymo and Cruise to run an unlimited number of driverless taxis in San Francisco, to the chagrin of city officials, as Mike Murphy reports. For investors, here are two screens of stocks in the EV and autonomous space:
Rivian, Lucid and XPeng make the list of 20 EV companies expected to grow sales most quickly through 2025

20 EV stocks that are expected to soar at least 38%, even after this year’s rebound

Other EV and related industry coverage: China and the global stock market

Cattle near deserted villas in a suburb of Shenyang in China’s northeastern Liaoning province, in a photo taken on March 31, 2023.

AFP via Getty Images

Government data from China showed that the world’s second-largest economy suffered a 14.5% decline in exports in July, as its imports declined 12.5%. Vivien Lou Chen explains what’s behind these numbers and how they affect investors’ behavior worldwide. Ciara Linnane looks into a bond-interest-payment default by Country Garden, China’s largest property developer, which was reported by the Wall Street Journal. The default led to a downgrade of Country Garden by Moody’s to a deep junk rating on Thursday. Read on: Nio and Alibaba shares sink, weighed down by Country Garden’s financial woes and downbeat China dataAvoid this financial mistake — come on, it will be easy.

Stop storing and start tossing.

Getty Images/iStockphoto

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