$Rivian Automotive, Inc.$ got loads of attention and interest after its recent IPO. And why not?The newly listed company has left the likes of Ford, General Motors, and Tesla behind in launching an all-electric pickup truck. It has also got more than 55,000 pre-orders for its pickup truck and SUV.Yet, Rivian is at a very early stage, having delivered just 156 vehicles through October. Let's look at where the company and its stock could be five years from now.Rivian plans to focus on the pickup t
XPeng Earnings Beat Estimates. That Wasn’t the Biggest Surprise.
Stock in Chinese electric-vehicle maker XPeng rose Tuesday after the company reported better-than-expected third-quarter results. Sales and earnings beats, however, weren’t the only surprise for investors.There was a new word in the company’s earnings release: robotaxis.Gross profit margin from selling cars came in at 13.6%, up from 11% in the second quarter and 3.2% in the third quarter of 2020. Operating profit, however, declined sequentially from the second quarter to the third quarter partly