Robotaxis: Voyage versus Ford, Waymo, and Tesla
Autonomous ride-sharing and robotaxi startup Voyage has raised about $31 million in the Series B round, according to its press release.
Automotive
Everything you need to know about stock and business developments in the automotive sector.
Ford, Tesla, GM: Analysts Rank the Top Automakers
Among the top automakers, GM received 74% “buy” ratings from analysts. Ford garnered 39% “buy” ratings from analysts, and Tesla received 32% “buy” ratings.
New Rivian Investment: Could It Be the Real Tesla Killer?
Yesterday, electric truck maker Rivian revealed that it had landed an investment of $350 million from automotive services company Cox Automotive.
Should Tesla See Volkswagen’s ID.3 as a Threat?
Volkswagen unveiled its all-electric ID.3 at the Frankfurt auto show. The model’s name is conspicuously similar to the Tesla Model 3.
The 5 Best Stocks to Invest in for Self-Driving Cars
Self-driving cars are inevitable, and billions of dollars are going into this technology. We take a look at five of the best stocks in the industry right now.
China’s NEV Sales Drop Again: Effects on Tesla, NIO
In addition to China’s passenger vehicle sales, its sales of NEVs (new energy vehicle) also fell for the second straight month in August.
Apple’s Self-Driving Car Spotted in Cupertino
Apple’s (AAPL) self-driving car has been spotted on the roads in Cupertino, according to a report by the Last Driver License Holder.
Could the Tesla Model 3 Disrupt the UK EV Space?
Another piece of information that lent optimism to Tesla bulls came out yesterday: its Model 3 became the third-best-selling car in the UK in August.
Autonomous Vehicles: Jaguar Ties Up with BlackBerry
Jaguar Land Rover has partnered with BlackBerry to develop autonomous vehicles. BlackBerry will assist Jaguar in various areas via AI and machine learning.
Tesla: Are Peers Losing the Electric Vehicle Race?
Tesla (TSLA) and CEO Elon Musk have a long history of slamming legacy automakers. Over the last month, the company mocked established automakers.
Ford Stock: Has the Short Interest Risen?
The short interest in Ford (F) stock has risen from 3.08% of its outstanding shares on July 1 to the current level of 3.14%.
Is Tesla’s Vegan Move Really Environment Friendly?
On September 1, Tesla announced that its Model 3’s interior would be leather-free. Tesla has taken a series of steps to appeal to vegans.
Elon Musk or Jack Ma: Who’s Right about AI?
Tesla’s CEO, Elon Musk, and Alibaba’s cofounder, Jack Ma, debated AI at the World Artificial Intelligence Conference in China on Wednesday.
Will Ford’s China Leadership Change Help?
Changes in Ford’s China leadership are in the wings, as Nigel Harris plans to retire after 34 years. Steven Armstrong is slated to succeed Harris.
Ford Earns Trump’s Ire by Siding with California
Last month, four automakers, including Ford, made a voluntary deal with California to make cars cleaner and more fuel efficient. Trump isn’t happy with the deal.
Tesla Autopilot Troubles Go Way beyond Crashes
Tesla Autopilot is usually in the news due to crashes. In August, a Tesla car crashed in Russia when the autopilot feature was turned on.
Trump Calls Auto Execs ‘Foolish’ Over Emission Rules
Today, in a tweet, US President Donald Trump called automobile company executives “foolish.” While Ford and GM are in the green, Tesla is down.
Ford: Vanguard, BlackRock, and State Street Raise Holdings
Vanguard has the highest institutional holdings in Ford. According to Reuters, Vanguard bought 3.95 million shares in the second quarter.
UPS Enters Self-Driving Race, Buys Stake in TuSimple
United Parcel Service (UPS) has joined the self-driving vehicle race. Last week, the company announced its purchase of a minority stake in autonomous tech startup TuSimple. The delivery giant made the investment following the results of ongoing self-driving truck road tests. However, neither company has disclosed the investment amount. Founded in 2015, TuSimple is trying […]
Is Tesla’s Service Quality Promise Faltering?
Nextmove was supposed to buy 100 Tesla (TSLA) Model 3 cars. However, the company called off its order due to Tesla’s service quality issues.
Tesla Semi Truck: Upvote from California Highway Patrol
California Highway Patrol officials saw a Tesla semi truck. They were impressed with the credentials. The CHP posted comments on its Facebook page.
Tesla Model 3 Ranked ‘Best Electric Car,’ Musk Approves
According to YouTube’s most noted auto reviewers, Tesla’s Model 3 is the “best electric car” available today. Tesla produces 5,000 Model 3 units per week.
Tesla’s South Korea Launch Frenzy: Can It Outdo Apple?
Tesla (TSLA) has officially launched its Model 3 in South Korea, where it is attracting significant interest from prospective buyers.
How Could a Recession Affect the US Auto Industry?
Auto stocks and the US equity market slumped with fresh fears of an economic recession. Today, the Dow Jones Industrial Average fell more than 600 points.
Chinese Electric Vehicle Sales Stall: Should Tesla Worry?
Chinese electric vehicle sales stalled in July. Overall, new energy vehicle sales fell 4.7%, entering negative territory for the first time in two years.
US Economy: Is It as ‘Great’ as Trump’s Touting?
On multiple occasions, Trump has said the US economy is doing phenomenally well, calling it “the greatest economy in the HISTORY of America.”
Tesla’s Elon Musk Mocks Gasoline Cars Yet Again
Tesla CEO Elon Musk has mocked gasoline cars once again. Tesla stock is underperforming legacy automakers this year.
Tesla versus NIO: Here’s the Key Difference
Both Tesla and NIO began their journies in the highly capital intensive automobile industry in a similar fashion.
Morgan Stanley Sees Ford’s Dip as a ‘Buying Opportunity’
Yesterday, Morgan Stanley upgraded Ford Motor Company stock from “equal weight” to “overweight” and increased its target price.
Should Tesla, NIO Worry about Hyundai’s Solar Roof Car?
Hyundai has launched a car with a solar roof, adding to the competition in the EV (electric vehicle) space for Tesla and NIO.
Is Musk Serious about Making 2019 the Year of Solar?
Tesla (TSLA) CEO Elon Musk has said that 2019 could be “the year of the Solar Roof.” Tesla may be installing a solar roof at its Fremont plant.
GM Beats Q2 Earnings Estimates, Talks Partnerships
General Motors (GM) reported its Q2 earnings today, beating analysts’ estimates. Its second-quarter adjusted EPS of $1.64 beat analysts’ estimate of $1.44.
Is Tesla’s Megapack Battery Musk’s Next Big Thing?
On Monday, Tesla announced its Megapack battery. Tesla’s Megapack battery is a “sustainable alternative” to natural gas peaker power plants.
Why Harley-Davidson Stock Fell 2% after Its Q1 Earnings Report
Heavyweight motorcycle maker Harley-Davidson (HOG) released its earnings results for the first quarter of 2019 on April 23.
Tesla Stock Jumps After Elon Musk Slams the Auto Industry
On Wednesday, Tesla (TSLA) stock surged nearly 2% after CEO Elon Musk slammed the auto industry in an interview.
Elon Musk Tries to Motivate Tesla Employees Keeping Their Jobs
This morning, CEO Elon Musk, in a post on Tesla’s official blog, announced that Tesla is laying off 7% of its full-time employees.
Tesla’s Leaked Email Is a Nightmare for Bears and Other Automakers
Tesla (TSLA) seems to be preparing to take the electric car race to the next level.
US Market Turns Positive, Mnuchin Hints toward US-China Deal
On June 26, the US index futures were pointing toward a positive market opening. Treasury Secretary Steven Mnuchin hinted toward a possible US-China trade deal.
China’s Car Sales Aren’t Just Falling Anymore, They’re Crumbling
Car sales in China, the world’s biggest automotive market, fell year-over-year in 2018 for the first time in more than two decades. Automotive sales have contracted in China for 11 consecutive months now. The slowdown only seems to be deepening, and last month, China’s car sales fell a whopping 16.4%.
Analysts Expect NIO to Outperform TSLA, TCEHY, BIDU, and BABA
According to the latest consensus data compiled by Thomson Reuters, six out of a total of 12 analysts covering NIO (NIO) recommended a “buy” for the stock.
Why Tesla’s Model 3 Gross Margin Contracted in Q1 2019
In the first quarter, Tesla’s consolidated gross profit stood at $566 million, down 60.8% from the company’s gross profit of $1.44 billion in the fourth quarter.
What Ford Expects from Its Partnership with Tesla Rival Rivian
Earlier today, the second-largest US automaker, Ford Motor Company (F), announced a plan to invest $500 million in Plymouth-based automotive company Rivian.
Could Ford’s Profit Margins Improve in Q1 2019?
In the fourth quarter of 2018, Ford (F) reported automotive segment EBIT (earnings before interest and taxes) of $1.1 billion, down 31.3% YoY.
What to Expect for Harley-Davidson’s Q1 Profit Margin
In the fourth quarter, Harley-Davidson’s (HOG) gross profit from motorcycles and related products fell ~17.5% YoY (year-over-year) to $564 million from $320 million, reducing the segment’s gross margin YoY to 27.6% from 30.6%.
Is Tesla Really Doing More Harm than Good to the Environment?
On April 1, the US Environmental Protection Agency imposed a $31,000 penalty on Tesla (TSLA) for federal hazardous waste violations.
Tesla to Pay a $31,000 Penalty for Hazardous Waste Violations
American electric carmaker Tesla was founded in 2003 with a mission “to accelerate the world’s transition to sustainable energy.”
Trump’s Criticism Has Hurt General Motors Stock
Last week, General Motors (GM) traded on a negative note and ended the week with 4.3% losses against an 0.8% drop in the S&P 500 Index.
FCAU’s US Jeep Sales Fell 4% in February, but Ram Sales Rose 24%
In February, Fiat Chrysler’s Jeep brand sales weakened for the second consecutive month after rising for the previous 12 months.
Can General Motors Improve Its Profit Margins in 2019?
In 2018, a positive mix helped General Motors (GM) boost its revenue despite its declining sales volumes.
Analyzing the Recent Trend in GM’s Revenue
In the fourth quarter of 2018, General Motors’ (GM) revenue rose 1.8% YoY (year-over-year) to $38.4 billion.