Tag: Electric vehicle shares

January 04, 2024 BY Elizabeth Anderson

BYD plagued by shorting as EV market competition spikes

According to Bloomberg, IHS Market information indicates short interest on BYD shares hovers around the 5.5% mark as of 1 January. Despite delivering more electric vehicles (EVs) than competitor Tesla Inc. (TSLA) in the last quarter of 2023, the put-call ratio reflects increasing cynicism in the ranks of options traders. Regarded as a forerunner in…

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November 29, 2023 BY Elizabeth Anderson

EV manufacturer Rivian receives investment from US retirement funds

However, The California Public Employees’ Retirement System's (CalPERS) recent investments in several EV companies have sparked investor interest, indicating a dynamic landscape. The EV startup Rivian (RIVN.O) has received the highest investment so far, with seven other pension schemes attempting to cash in, including The Teacher Retirement System of Texas and the Maryland State Retirement…

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