Polestar (PSNY) COO calls for partnerships to tackle supply chain decarbonization challenges

Fisker (FSR) explores collaboration with other companies

Fisker (NYSE: FSR) CEO, Henrik Fisker said Wednesday that the electric automaker is exploring collaborations with other companies to scale up market share faster.

"Buyers aren't loyal anymore to their traditional brands. That changes everything. If we collaborate with someone, you can scale quicker ... it could be with suppliers, other car companies, tech companies - we are exploring all these avenues," Fisker said, speaking at the Reuters Automotive Conference in Munich.

During interviews at the conference on Tuesday, senior executives from Polestar (NASDAQ: PSNY) and Smart, rival... More

Stellantis (STLA) warns UK factories will close if Brexit deal is not changed

Stellantis (NYSE: STLA), the world's No. 3 carmaker by sales and owner of 14 brands including Vauxhall, Peugeot, Citroen and Fiat has warned the U.K. that British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated.

According to Stellantis, under the current deal it would face tariffs when exporting electric vans to Europe... More

Gov. Abbott signs annual EV tax bill into law

Texas Governor, Greg Abbot signed Senate Bill 505 into law over the weekend, requiring electric vehicle owners to pay $400 to register a new electric vehicle, on top of other fees. Renewing registration will cost $200.

The purpose of the fee is to guarantee that owners of electric vehicles contribute their fair portion towards highway expenses, typically funded by a 20 cent-per-gallon gas tax paid by owners of gasoline-powered and hybrid vehicles.

The bill passed a vote in the... More

Einhorn's Greenlight Capital enters Black Knight (BKI), New York Community Bancorp (NYB), more - 13F

David Einhorn's Greenlight Capital released its 13F for the quarter ended March 31, 2023. Below is a summary:

New Stakes
Black Knight Inc. (NYSE: BKI) new 924,740 share position
FinServ Acquisition Corp. II Warrants (NASDAQ: FSRXW) new 78,750 share position
First Citizens BancShares, Inc. (NASDAQ: FCNCA) new 22,550 share position
FIRST TRUST ISE-REVERE NATURAL GAS INDEX FUND (NYSE: FCG) new 58,540 share position... More

Soros exits Tesla (TSLA), reduces Rivian (RIVN) stake after 90% drop from peak

Soros Fund Management, the family office of George Soros, cut its holdings in Rivian Automotive (NASDAQ: RIVN) following the electric automakers 90% share decline from its intraday peak in November 2021. The billionaire also slashed its $16 million stake in Tesla (NASDAQ: TSLA), effectively eliminating their investment in the EV giant.

Soros purchased... More

Polestar Automotive Holding Uk Plc (PSNY) PT Lowered to $5 at Barclays

Barclays analyst Dan Levy lowered the price target on Polestar Automotive Holding Uk Plc (NASDAQ: PSNY) to $5.00 (from $7.00) while maintaining a Equalweight rating.... More

Polestar Automotive Holding Uk Plc (PSNY) PT Lowered to $4 at Deutsche Bank

Deutsche Bank analyst Emmanuel Rosner lowered the price target on Polestar Automotive Holding Uk Plc (NASDAQ: PSNY) to $4.00 (from $5.00) while maintaining a Hold rating.... More

Polestar Automotive Holding Uk Plc (PSNY) PT Lowered to $6 at Cantor Fitzgerald

Cantor Fitzgerald analyst Andres Sheppard lowered the price target on Polestar Automotive Holding Uk Plc (NASDAQ: PSNY) to $6.00 (from $7.00) while maintaining a Overweight rating.... More