Tuesday Ticker: November 30, 2021
Toronto, Ontario — This week, Uber and Lyft overtake Vancouver and Lion Electric marks gains thanks to a repeat buyer. Taxi? Hail no! Trips via ride-hailing services like Uber and Lyft outnumber taxi rides in Vancouver two-to-one, according to recent statistics commissioned by the BC Passenger Transportation Board and compiled by Hara Associates. Researchers in […]
Tuesday Ticker: November 16, 2021
Toronto, Ontario — In this week’s Tuesday Ticker, Apple hires a former Tesla engineer for its rumoured EV project and Rivian raises US$12 billion in its initial public offering (IPO). Christopher Moore bites the Apple Apple has reportedly hired Tesla’s Autopilot software engineer to work on its rumoured electric vehicle project, Bloomberg reported last week. […]
Ready, Set, Rivian: Electric automaker set to launch $60+ billion IPO
Irvine, California — Electric automaker Rivian is set to launch its initial public offering in the second week of November, with a proposed valuation of just over US$60 billion, according to a report from the Wall Street Journal. Rivian disclosed its target valuation in an updated regulatory filing Nov. 1, said the WSJ. The automaker […]
Tuesday Ticker: October 12, 2021
Toronto, Ontario — This week, Magna may have an opportunity to pick up Qualcomm’s leftovers from the Veoneer acquisition; an Ontario-based battery maker lands a unique deal to break ground in Quebec; while Tesla CEO Elon Musk announces a new home for the EV brand. More opportunities for Magna Magna International may have missed out […]
Mixed Bag: S&P reports premiums to rise before supply chain disruptions ease
Toronto, Ontario — The latest U.S. Auto Insurance Market Report from S&P Global Intelligence is showing that the costs of the COVID-19 pandemic have made their way into the auto insurance industry, in the form of increased premiums for many American drivers. “Auto insurers provided estimated premium relief of as much as $16.4 billion to […]
Tuesday Ticker: September 7, 2021
Toronto, Ontario — This week, Tesla admits to Cybertruck delays, Apple continues its search for an OEM partner in Asia and Uber implements a benefits program following a long-winded debate with its independently contracted workers. Parts delays, or lost in space? Tesla’s Cybertruck debut has fallen about a year behind schedule and won’t start production […]
Tuesday Ticker: August 24, 2021
Toronto, Ontario — In this week’s AutoCanada reports its Q2 2021 financials–blowing 2020’s results out of the water–while the Taiwanese government provides hope for a forthcoming end to the global microchip shortage. AutoCanada picks up pace AutoCanada has announced its second-quarter results for 2021, outpacing last year’s net income by 288 percent. Revenue for the […]
Tuesday Ticker: July 20, 2021
Toronto, Ontario — In this Tuesday Ticker, the Bank of Canada plans to let inflation run on past its previously planned targets, the European Union says it will wave goodbye to gas-powered vehicles in 2035 and top execs at Toyota say it’s “too soon” to be focussing only on electric cars. Get to runnin’ The […]
Tuesday Ticker: July 6, 2021
Toronto, Ontario — Tesla meets Wall Street delivery estimates for the second quarter of 2021, Magna witnesses decreased short interest and Fisker sees its stock rise nearly 50 percent in June, all in this week’s Tuesday Ticker. Tesla tips the scales Tesla delivered more than 200,000 vehicles in the second quarter of 2021. Tesla delivered […]
Tuesday Ticker: June 22, 2021
Toronto, Ontario — This week, the Tuesday Ticker covers the Boyd Group’s upcoming dividend; Hyundai’s plan to conquer the air-taxi market in just four years and Statistics Canada’s reports of fast-paced inflation rates. Bucks for Boyd Boyd Group Services last week announced a cash dividend for the second quarter of 2021 of $0.141 per common […]
