⚡️ Lookback: What's the best performing EV & Charging Startup Stock?

Happy Tuesday, this is Electric Avenue. We're the electrons in the battery that keeps your electric car going. We deliver mpm (memes per minute) faster than a 350kW charger delivers miles/minute to your EV🔋.

Here's what we have for you today:

• EV Stocks Performance 📈

• 3 Links 🔗

• Meme of the week 🤡

Let's roll!

EV Stocks Performance 📈

Last week we took a look at the 2022 Earnings reports of the 6 largest EV startups (Link). We analyzed them across a few key metrics:

• Deliveries (how many cars were sold?)

• Revenue (how much did these cars sell for?)

• Cost of Revenue (how much did it cost to build these cars?)

• Gross profit (how much money was left over to cover other expenses?)

This week we`ll take a look at the stock performance of the top EV and charging startups over the past year (52 weeks). We`re looking at:

• Market cap = current valuation of the company

• 52W Gain/Loss = relative stock price change over the past year

And for some fun & entertainment, we added: 52W Prediction = How do we feel about the company's potential over the next year?

• 🚀 = To the moon!

• 👍 = Optimistic

• 😐 = Neutral

• 👎 = Skeptical

We`ll look back next year so stay tuned :)

3 Links 🔗

• Rivian software update with Tesla Superchargers🔌: After the SuC network was opened to non-Tesla electric vehicles in the USA recently, Rivian released a new software version that added the ~10 accessible locations to its car and mobile app navigation system. To start a charging session, however, drivers need to download the Tesla app.

• Wireless Charging for VW ID.4 🔋: WiTricity's after-sales solution for inductive charging will be offered by ABT e-Line in the EU. The retrofit solution consists of a wall socket connected to the electrical circuit, a receiver mounted to the underbody of the vehicle, and the charging station fixed on the ground. The system is capable of delivering up to 11 kW of charging power.

• Middle-aged Germans 🧡 Polestar: According to LeasePlan, the world’s largest fleet management service company, the Polestar 2 leases like hotcakes in Germany. It was the company's most popular electric company car in 2022. Unfortunately spots 1-9 are still taken by gasoline cars such as Volkswagen's Passat Variant station wagon.

Meme of the Week 🤡

That's a wrap for this week! Let us know how you feel:

A Reader´s review

Selected ⚡️⚡️⚡️⚡️⚡️ Freakin´ awesome and wrote: 

"Today's Electric Avenue is LIT! "

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DISCLAIMER: None of this is financial or tax advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. The Electric Avenue team may hold investments in the companies discussed.