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VW latches onto Rivian in US$5 billion EV pact to catch up to Tesla [Financial Post (Toronto, Ontario, Canada)]

Tesla, Inc. (TSLA)  More Company Research Source: Financial Post
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
You can save this article by registering for free here . Or sign-in if you have an account. Volkswagen AG is taking another swing in its long struggle to catch up with Tesla Inc. , plowing US$5 billion into a tie-up with that company's closest would-be rival, Rivian Automotive Inc. VW and Rivian are set to jointly develop battery-powered vehicles and software, a partnership that will give the German carmaker access to the U.S. company's technology. For loss-making Rivian, the deal is a financial lifeline as manufacturers large and small rethink strategies in a slowing EV market. Article content Europe's biggest carmaker is working on several fronts to regain momentum in its bumpy EV rollout as delays and glitchy models have put off buyers. The issues have pushed VW chief executive Oliver Blume into making unprecedented deals with the Rivian tie-up following an investment of US$700 million in China's Xpeng Inc. Article content “VW is gaining valuable technology access with [Read more]
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Stockreport

VW latches onto Rivian in US$5 billion EV pact to catch up to Tesla [Financial Post (Toronto, Ontario, Canada)]

Tesla, Inc.  (TSLA) 
More Company Research Source: Financial Post
Last tesla, inc. earnings: 4/29 04:11 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.tesla.com
You can save this article by registering for free here . Or sign-in if you have an account. Volkswagen AG is taking another swing in its long struggle to catch up with Tesla Inc. , plowing US$5 billion into a tie-up with that company's closest would-be rival, Rivian Automotive Inc. VW and Rivian are set to jointly develop battery-powered vehicles and software, a partnership that will give the German carmaker access to the U.S. company's technology. For loss-making Rivian, the deal is a financial lifeline as manufacturers large and small rethink strategies in a slowing EV market. Article content Europe's biggest carmaker is working on several fronts to regain momentum in its bumpy EV rollout as delays and glitchy models have put off buyers. The issues have pushed VW chief executive Oliver Blume into making unprecedented deals with the Rivian tie-up following an investment of US$700 million in China's Xpeng Inc. Article content “VW is gaining valuable technology access with [Read more]
IMPACT SNAPSHOT
EVENT TIME:
TSLA
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS