EV Roundup: TSLA Q4 Earnings, HMC E-Mobility Business Unit & More

Electric vehicle (EV) behemoth Tesla TSLA delivered yet another blockbuster show, with fourth-quarter earnings and revenues not just topping estimates but increasing year over year. Japan’s auto biggie Honda HMC announced making structural changes to ramp up the electrification business. It also joined forces with GS Yuasa Corp to work toward the R&D and production of lithium-ion batteries. Canoo GOEV, a high-tech Californian EV startup, teamed up with GCC Olayan to foster its EV presence in the growing sustainable mobility market of Saudi Arabia. Fuel cell truck startup Nikola NKLA collaborated with green energy and technology company, Fortescue Future Industries, for large-scale green hydrogen production projects in the United States. EV charging company Blink Charging BLNK also made to the top stories as it inked deals with EdgeEnergy and Vizient. While Tesla carries a Zacks Rank #5 (Strong Sell), Nikola holds a Zacks Rank #2 (Buy). Honda, Blink Charging and Canoo are currently #3 Ranked (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here . Let’s Delve Deeper Tesla reported fourth-quarter 2022 earnings of $1.19 a share, up from the year-ago figure of 85 cents and surpassing the Zacks Consensus Estimate of […]

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