📈🏭🍕 Tesla's Q2 scheduled its Q2 results call for July 19th, but things are already looking great for the EV company.
While ramping up production toward the Cybertruck's release, Tesla also plans to open a new plant in Mexico. It seems to be readying Third Party App support, allowing users to customize their experience further. Like an Android, not an Apple.
💪🚀🚚 Rivian's Q2 outperformed market estimates with 12,640 EV deliveries, exceeding the expected 11,000, leading to a 14% stock surge. These figures, reflecting a production increase at their Illinois facility, suggest At nearly 14K vehicles produced, Rivian is overcoming past supply chain issues and is on track to reach its annual production goal of 50,000 vehicles.
The US-based EV startup also shipped the first of its delivery vans to Europe as part of a deal with Amazon to electrify part of the fleet in the market. Following a year of dents and dings, the news suggests the company has found a pace that could carry it long-term.
👏🚙🍝 Stellantis's Q2 sales scaled 6.4% on the shoulders of its newest models. While a far cry from the estimated industry forecast of 16-18%, the increase confirms pent-up demand just waiting for inventory levels to rise. The fact that the big sellers were a Chrysler minivan, a Jeep SUV, and a Dodge Durango also hints that despite gas price woes, people are waiting for specific models and types.
Beyond Q2 the company is working out a $5.45M battery material deal with Australia's Kuniko and a $109M investment to electrify an Italian plant.