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Qatar ends first World Cup match in a loss to Ecuador

Image source: Getty Images

Qatar hosted the first match of the 2022 World Cup last night, but what was supposed to be a dream turned into a nightmare.

In their opening match, Qatar faced Ecuador, and the quality of both teams could not have been more evident.

Indeed, Ecuador closed the match in the first half, scoring 2-0 against the hosts.

The defeat breaks with the tradition of the host country winning the opening match of the football festival, the first host defeat in decades.

Summary

The opening ceremony was a sight when actor Morgan Freeman took the stage before BTS star Jung Kook’s performance.

The main event finally took center stage, but not everything went as planned.

Qatar looked nervous in the game, battling against an experienced team from Ecuador.

The opponents took advantage of plenty of chances and were rewarded with two goals from Ecuadorian striker Enner Valencia.

The game was practically over in the first half.

When the second half started, the stadium had more empty seats as some fans felt they had seen enough.

Read also: Soccer derby match in Indonesia leads to violence with almost 200 dead

The lineup

The host country’s starting lineup was a strong team that reached the semi-finals of the 2021 Gold Cup and won the 2019 Asian Cup.

The team consisted of the following:

  • Saad Alsheeb
  • Pedro Miguel
  • Abdelkarim Hassan
  • Homam Ahmed
  • Bassam Hisham
  • Boualem Khoukhi
  • Abdulaziz Hatem
  • Hassan Alhaydos
  • Karim Boudiaf
  • Akram Afif
  • Almoez Ali

Meanwhile, Ecuador faced controversy over Byron Castillo’s eligibility for Ecuador since he was born in Colombia.

Despite Castillo’s absence, Ecuador continues to be a strong team with the following:

  • Hernán Galíndez
  • Piero Hincapié
  • Félix Torres
  • Angelo Preciado
  • Pervis Estupiñán
  • Gonzalo Plata
  • Jhegson Méndez
  • Moisés Caicedo
  • Romario Ibarra
  • Michael Estrada
  • Enner Valencia

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The match

When the match started, Ecuador immediately kicked into high gear.

After three minutes of play, the opponents thought they had taken the lead.

When Valencia headed the ball, Ecuador and their fans cheered, but VAR (Video Assistant Referee) ruled it offside and disallowed the goal.

Despite the disappointment, the opposition did not back down.

Minutes later, Ecuador was awarded a penalty when Qatar keeper Saad Al Sheeb fouled Valencia in the box.

Enner Valencia immediately had a shot on goal, and the yellow shirts celebrated again.

Throughout the first half, Ecuador saw more of the ball and used their experience to overwhelm the home side.

Before the end of the half, Valencia fired a ball into the bottom corner, extending their lead.

Ecuador continued to put Qatar under pressure in the second half, but despite their stifled spirits, the hosts managed to stay compact in defense.

Toward the end, Qatar came close to scoring, but the shot went over the crossbar.

Qatar will face a solid Dutch side on 29 November and hope to progress to the round of 16.

References:

Ecuador dampens Qatar’s party as controversial World Cup gets underway

Qatar vs Ecuador: lineups for today’s Qatar 2022 World Cup game

Rivian shows up-and-down EV stocks report this quarter

Image source: Time

Rivian, the well-known electric truck maker, recently announced some good and bad news for its third-quarter earnings report.

The report comes after a brutal day for Rivian and other electric vehicle makers’ shares.

Revenue

Rivian reported a lower-than-expected adjusted loss of $1.4 billion, lower than the $1.7 billion loss forecast by Refinitiv analysts.

The report shows that net bookings increased from 98,000 to 114,000 in the second quarter.

However, $536 million in revenue, up 47% from the second quarter, fell short of analysts’ forecasts of $552 million.

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Other companies

The booking reservation was substantial after Lucid, another electric car maker, announced a surprise report on Tuesday evening.

Reservations for its electric vehicles fell to 34,000 from 37,000 last quarter.

The news sent shares of Lucid down 17% for the day.

It also sent shares of Rivian and Chinese electric vehicle maker Nio down 12% each during regular US hours.

Major electric vehicle maker Tesla’s shares also fell 7%.

However, Tesla shares may have been hurt by CEO Elon Musk’s decision to sell nearly $4 billion worth of Tesla stock since signing the deal to buy Twitter.

Read also: Used car dealer CarMax warns that even used cars are becoming more unaffordable

Production

Rivian has stated its goal of increasing production to 25,000 cars this year.

The target is optimistic, as other automakers have had to cut their 2022 sales targets due to supply chain issues.

Rivian built more than 14,000 vehicles in the first three quarters.

Reaching the production target of 25,000 would mean a 45% increase in production in the last three months of the year compared to the 7,400 built last quarter.

Although Rivian intends to hit its 2022 target, it has pushed back its target date for the small R2 model to 2026.

The company previously predicted 2025 for the R2 launch.

Finally, Rivian stock fluctuated wildly in after-hours trading, gaining 3%, falling to trade slightly lower and rising 5%.

Reference:

Rivian has both good and bad news at end of tough day for EV stocks