Tesla’s Market Cap Surges to 4 Times GM’s
Over the past four weeks, confidence in electric car company Tesla has improved, while traditional manufacturers are considered to be in deep trouble.
Cars and Drivers
All Cars and Drivers Articles
Newest first · Page 82
How Tesla Did It Again in Q1
After markets closed Wednesday, Tesla reported $1.24 in earnings per share and $5.99 billion in revenue compared with consensus estimates that called for a net loss of $0.36 per share and $5.9 billion in…
Will Tesla Post a Record Q1?
Tesla is scheduled to release its most recent quarterly results after the markets close on Wednesday. Will record sales turn into a record quarter?
Electric Car Maker Nio Sees Stock Jump on $990 Million Investment
Chinese electric car maker Nio got a $990 million investment from provincial and local governments in exchange for 24.1% stake in a new entity called Nio China.
Ford’s Awful Earnings Will Only Get Worse
Ford reported a first-quarter net loss of $2 billion after markets closed Tuesday. The loss in the current quarter is expected to be more than double that amount.
What Happens When Car Dealerships Go Away?
Dealership networks are critical to the auto industry. Most are not funded to handle months of a downturn in sales. Hundreds will disappear and car companies will not have dealers at all in some…
GM Suspends Dividend, Builds Cash Pile to Ward Off COVID-19 Effects
GM announced Monday that it has extended two credit agreements while suspending its dividend and buybacks as it builds liquidity during the coronavirus pandemic.
Ford Warns on Revenues, Files for New Note Offerings
Ford has filed a preliminary prospectus for three senior unsecured note offerings to raise more cash. This is the company's first offering since its debt was downgraded to junk last month.
European Auto Sales Down by 55% in March, 25% for Q1
New car sales in the European Union fell by 55% in March leading to a decline of more than 25% for the first quarter. Lockdowns related to the coronavirus pandemic get the blame for…
COVID-19 Could Cut 2020 US New Car Sales More Than 4 Million
Auto industry research firm J.D. Power has released revised estimates for new car sales in the United States for 2020. The COVID-19 lockdowns have already chopped estimated April sales by more than half.
Car Sales Down 54%, New York City Nears Zero
It has been presumed for some time that U.S. new car sales would plunge due to the spread of COVID-19. In fact, New York City sales were nearly zero for the week.
Ford Enters Revenue and Earnings Confessional
Ford seems to be caught between a rock and a hard place. While the COVID-19 instant recession has been brutal, Ford already was facing problems before the economy tanked in February and March.
Plunge in China Car Sales Threatens GM and Ford
Every major car company in the world counted China as its largest potential market. But car sales have crashed across the world due to the spreading pandemic.
Tesla Sets Record-Breaking First Quarter in Production and Deliveries
Tesla showed that this was its best first-quarter production and deliveries report yet. Even its Shanghai factory continued to reach record levels of production despite some significant setbacks.
US Car Sales May Be Cut in Half
American car sales fell enough in March to indicate domestic car sales could fall by half, at least for several months.