EV Week In Review

$Tesla (TSLA.US)$ CEO, Car Win Accolades, Doge Payment Mooted, And More: The week brought in a double delight for Musk, who was named by both the Time magazine and the Financial Times as their respective "Person of the Year." Musk's products also came out on top, with Tesla's Model 3 vehicle winning Edmund's top-rated EV badge. In other noteworthy Tesla news, Musk announced on Twitter that Tesla will try out Dogecoin payments for some merchandise. He also released another video tour of Tesla's Giga Shanghai. Musk continued to offload Tesla shares, while Tesla bull Cathie Wood's Ark Invest also extended its Tesla selling.

$Rivian Automotive (RIVN.US)$ Forecasts Production Shortfall In 2021: Rivian disappointed with its first quarterly report as a public company, with the EV maker warning of production shortfalls in 2021. Sell-side, however, did not attach too much significance to the negative catalyst and instead chose to focus on the long term.

General Motors Teases GMC Sierra: $General Motors (GM.US)$, which has embarked on a journey toward electrification, teased an EV version of its GMC Sierra pickup truck. The teaser image showed only the front end of the vehicle. The EV is likely to be pitched against Rivian's R1T, $Ford Motor (F.US)$ F-150 Lightning and Tesla's Cybertruck.

Ford Means Business: $Ford Motor (F.US)$ CEO Jim Farley said in an interview to Bloomberg this week that the company hopes to produce 600,000 EVs per year in two years. Farley also hinted at the prospect of the company overtaking market leader Tesla.

Plug Power Inks Hydrogen Fuel Cell System to Edison Motors: $Plug Power (PLUG.US)$ and South Korea's Edison Motors signed on the dotted line for the mass launch of hydrogen-powered EV buses, first in the South Korean and eventually to overseas markets.

Lucid to Join Nasdaq-100 Index: The news of $Lucid Group (LCID.US)$ inclusion in the Nasdaq-100 Index proved salubrious to this Tesla killer.