It's been another week, and UBS analysts are getting bullish on Honda stock amid merger rumors involving Nissan. Meanwhile, Nio is becoming competitive against Tesla, while Baird analysts have expressed doubts about Rivian.

Honda did not respond to Business Insider's request for comment. Honda CEO: Merger is not a Nissan rescue. Honda's shares had initially fallen when news first broke of the merger

Japanese automakers Honda and Nissan will attempt to merge and create the world’s third-largest automaker by sales as the industry undergoes dramatic changes in its transition away from fossil fuels.