Tesla Shares Rose 33% in July
Tesla shares continued their extraordinary run in July, which is all the more extraordinary because the pandemic has eroded the company's sales.
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Ford Delivers on Earnings, But Many Concerns Remain for Rest of 2020
Even before the recession there had been ongoing woes tied to “peak auto” trends. Then came the COVID-19 pandemic and people stopped buying big ticket items like cars. Ford Motor Company (NYSE: F |…
Tesla Gets a New Low-Cost US Electric Car From China to Compete Against
Chinese automaker Kandi announced a low-priced electric vehicle in the United States on Wednesday. The car will be available at dealers later this year following its August launch.
Why GM Earnings Don’t Look Too Bad
GM posted a smaller-than-expected loss Wednesday morning and a larger than expected drop in revenues. The company indicated that it is getting production back on track, but still did not offer any guidance.
EPA Inspector General to Review Rollback of Gas Mileage Requirement
The inspector general of the U.S. EPA has launched an "evaluation" of the agency's actions earlier this year when it proposed changes to mileage requirements adopted by the Obama administration.
Almost No One Admires This Company, but Everyone Trades Its Stock
Why is Ford the most widely traded stock by individual investors? One reason may be its presence as one of America's best-known but failed brands.
July New Car Sales Forecast a Little Better but Still Bad
When new car sales for July are announced next week, the numbers are expected to be better than in the past four months, but still add up to a decline of nearly 15% compared…
Why One Independent Research Firm Gave a Huge Upgrade for Tesla and Elon Musk
Argus has lifted its formal rating on Tesla to Buy from Hold, based mostly on the strong demand for the company's vehicles during the pandemic.
Will Pandemic Cause People to Keep Their Cars for 15 Years?
The length of time Americans keep their cars certainly will rise this year, as a multiyear trend meets the pandemic.
Tesla’s Market Value Matches Procter & Gamble
Tesla unexpectedly made a profit. Its stock surged, which lifted its market cap to about the same as consumer goods giant Procter & Gamble.
Why Tesla’s Q2 Is So Shocking
After markets closed Wednesday, electric vehicle maker Tesla reported $2.18 in earnings per share (EPS) and $6.04 billion in revenue, compared with consensus estimates that called for $0.03 in EPS and $5.23 billion in…
Nikola Warrant Holders Must Be Happy With This
Nikola is in for an interesting trading week now that its warrants from its initial public offering have become exercisable.
GM and Ford Lost a Quarter of Their Market Values This Year
General Motors has been hammered by the pandemic and the worry that it has not been fast enough in the autonomous and electric car businesses.
Chinese EV Maker Nio Hits the Brakes on New Sell Rating
Goldman Sachs has cut its rating on Chinese electric vehicle maker Nio to Sell as the firm sees no evidence of either volume or profit improvements.
Will Online Car Buying Grow Quickly Enough to Save Automakers?
New car sales have dropped by about a third in the second quarter of this year as buyers had to deal with the effects of the pandemic. Carmakers and dealers revved up their online…