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Rivian links supply chain woes to ongoing Ukraine-Russian conflict

Teslarati

In its 10-K filing on Thursday, March 31, Rivian stated that the ongoing Russian invasion of Ukraine has impacted its business and operations. The company listed the conflict in Ukraine as one of the reasons it continues to struggle with production. “We The company mentioned risks in battery cell pricing and availability.

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GlobalData: Russian nickel sanctions would slow electric vehicle adoption

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The data and analytics company notes that such actions will simply mean Western countries will be more reliant on Russian oil and gas for longer. As nickel is used in the production of EV batteries, any sanctions placed on Russian nickel will cause EV manufacturing prices to increase further, threatening adoption and decarbonization.

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Biden authorizes release of more than 180M barrels of oil from Strategic Petroleum Reserve; 1M bpd for 6 months

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The Biden Administration had earlier in March authorized a drawdown of 30 million barrels in coordination with the IEA in response to Russia’s invasion of Ukraine. Biden said that his administration would restock the reserve when prices are lower. The newly authorized drawdown will come from all four storage sites. Background.

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Tesla’s production expansion, surging oil prices bring stock upgrade from Daiwa Securities

Teslarati

Tesla’s ( NASDAQ: TSLA ) plans to expand its production capacity, along with other factors like surging oil prices that could sway consumers to electric vehicles, have contributed to Daiwa Securities analysts upgrading their outlook on the automaker’s stock. The factory in Shanghai manufactured 51.7

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Morgan Stanley warns that nickel price surge could add $1k to electric vehicle costs

Teslarati

And according to Morgan Stanley analyst Adam Jonas, the rising price of one particular material — nickel — could result in general electric vehicle prices seeing a $1,000 price increase. Tesla delivered more than 900,000 vehicles last year, and the company intends to keep an annual growth of 50%.

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Tesla raises prices across its entire vehicle lineup, Model X Plaid sees $12.5k rise

Teslarati

This is quite understandable, especially considering the ongoing war in Ukraine and the sanctions being imposed on Russian commodities. The price of Tesla’s current vehicle lineup appears to have been adjusted accordingly to correspond to these pressures. .

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Credendo: European aluminum sector in a critical situation

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The price of European aluminum has increased by about 15% since the start of 2022, exceeding its historic high of October 2021—an increase of more than 60% compared to January 2021, according to a new analysis by European credit insurance group Credendo. Production mainly dropped because energy prices have risen sharply in 2021.

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