First look: Amazon stock slides after projections for 3Q revenue

Amazon’s earnings, released after the market close Thursday, were notable on several key points. Among them:

  • Wall Street’s reaction was decidedly negative. At about 4:40 p.m. EDT, Amazon (NASDAQ: AMZN) stock was down about 4.4%, to $175.94. It had been down 1.56% on the day to $184.07. The decrease occurred even though its earnings per share under GAAP measurements of $1.26 beat consensus forecasts by 23 cts/share, according to SeekingAlpha.
  • The negative stock market reaction was reported to be...

https://www.freightwaves.com/news/first-look-amazon-stock-slides-after-projections-for-3q-revenue

Η εταιρεία που μπορεί να ευνοηθεί από τα αντισημιτικά σχόλια του Έλον Μασκ

Ο διευθύνων σύμβουλος της Tesla, Έλον Μασκ, προκάλεσε πολλές αντιδράσεις για άλλη μια φορά, την προηγούμενη εβδομάδα, όταν συμφώνησε με μια ανάρτηση που έλεγε ότι οι Εβραίοι τρέφουν «διαλεκτικό μίσος»…

Η εταιρεία που μπορεί να ευνοηθεί από τα αντισημιτικά σχόλια του Έλον ΜασκΗ ΝΑΥΤΕΜΠΟΡΙΚΗ

https://www.naftemporiki.gr/finance/world/1538990/i-etaireia-poy-mporei-na-eynoithei-apo-ta-antisimitika-scholia-toy-elon-mask/

Γιατί η Rivian δεν είναι η επόμενη Tesla

Η Rivian βρίσκεται σε καλύτερο δρόμο από τη Lucid, αλλά καμία από τις νεοσύστατες εταιρείες ηλεκτρικών οχημάτων της Αμερικής δεν φαίνεται να πιιάνει τις «ταχύτητες» της Tesla.
Η Rivian εξελίσσεται…

Γιατί η Rivian δεν είναι η επόμενη TeslaΗ ΝΑΥΤΕΜΠΟΡΙΚΗ

https://www.naftemporiki.gr/finance/world/1535623/giati-i-rivian-den-einai-akomi-i-epomeni-tesla/

Carnage grows among transportation startups

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In the world of electric vehicle and autonomous trucking startups, the picture of winners and losers...

https://www.freightwaves.com/news/carnage-grows-among-transportation-startups

As others fail, BrightDrop charges toward $1B in EV revenue

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Several high-profile commercial electric vehicle startups are driving toward bankruptcy, but there...

https://www.freightwaves.com/news/as-others-fail-brightdrop-charges-toward-1b-in-ev-revenue

Amazon investing $970M to electrify European fleet

Amazon electric delivery van vehicle

Online shopping’s resident goliath is investing in cleaner ways to power its transportation network.

Amazon (NASDAQ: AMZN) on Sunday announced plans to spend 1 billion euros (about $970 million) to electrify and decarbonize its European fleet over the next five years. The e-commerce giant will invest in electric vans, small delivery hubs and charging stations.

By 2025, the company expects to grow its fleet of 3,000 electric vans across Europe to more than 10,000. It also aims to purchase and roll...

https://www.freightwaves.com/news/amazon-investing-970m-to-electrify-european-fleet

EV maker Rivian laying off approximately 840 employees

Rivian sign in New York City.

Electric vehicle startup Rivian (NASDAQ: RIVN) is laying off 6% of its 14,000-employee workforce, or roughly 840 positions, according to reports.

“This decision will help align our workforce to our key business priorities, including ramping up the consumer and commercial vehicle programs, accelerating the development of R2 and other future models, deploying our go-to-market programs and optimizing spend across the business,” according to news organizations citing a company statement.

“We’re...

https://www.freightwaves.com/news/ev-maker-rivian-laying-off-approximately-840-employees

Amazon shares soar after strong top-line results in Q2

Amazon Rivian electric delivery van

Amazon.com Inc. shares soared in after-hours trading on Thursday as investors focused on a solid second-quarter revenue performance and positive third-quarter guidance, and not on a second-quarter net loss and a decline in operating income.

Net salesincreased 7% year over year to $121.2 billion in the second quarter, compared with $113.1 billion in second-quarter 2021, Amazon said. Sales increased 10% after backing out a $3.6 billion hit from year-over-year changes in foreign exchange rates,...

https://www.freightwaves.com/news/amazon-shares-soar-after-strong-top-line-results-in-q2

Amazon electric delivery vans hit the road across US

Amazon Rivian electric delivery van

Your next Amazon delivery may arrive in silence.

That’s because the massive marketplace on Thursday announced that its custom electric delivery vans from Rivian have officially hit the road in over a dozen U.S. cities, including Chicago, Dallas, Seattle, Baltimore, San Diego and Nashville, Tennessee.

After making the largest EV order ever, which included 100,000 vehicles, in 2019, it appears Amazon (NASDAQ: AMZN) is ready to cash in on its investment. This week, the e-commerce giant said it plans...

https://www.freightwaves.com/news/amazon-electric-delivery-vans-hit-the-road-across-us

Truck Tech: Summer jobs edition

Truck Tech logo on blue background

Layoffs get the headlines but a surprising number of electrification startups are adding employees even as they try to raise more money. Volvo is using two dealerships and a five new charging points to create a corridor in California. And the Diesel Technology Forum graphically shows once again that fossil fuels are still king in commercial transportation.

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Electrification startups are hiring

Record-hig...

https://www.freightwaves.com/news/transportation-startups-still-hiring-even-as-layoffs-get-the-attention

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