Automotive

Apple’s (AAPL) self-driving car has been spotted on the roads in Cupertino, according to a report by the Last Driver License Holder.

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.

Jaguar Land Rover has partnered with BlackBerry to develop autonomous vehicles. BlackBerry will assist Jaguar in various areas via AI and machine learning.

Tesla (TSLA) and CEO Elon Musk have a long history of slamming legacy automakers. Over the last month, the company mocked established automakers.

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%.

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.

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 is usually in the news due to crashes. In August, a Tesla car crashed in Russia when the autopilot feature was turned on.

Today, in a tweet, US President Donald Trump called automobile company executives “foolish.” While Ford and GM are in the green, Tesla is down.

Vanguard has the highest institutional holdings in Ford. According to Reuters, Vanguard bought 3.95 million shares in the second quarter.

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 […]

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.

California Highway Patrol officials saw a Tesla semi truck. They were impressed with the credentials. The CHP posted comments on its Facebook page.

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 stalled in July. Overall, new energy vehicle sales fell 4.7%, entering negative territory for the first time in two years.

On multiple occasions, Trump has said the US economy is doing phenomenally well, calling it “the greatest economy in the HISTORY of America.”

Tesla CEO Elon Musk has mocked gasoline cars once again. Tesla stock is underperforming legacy automakers this year.

Both Tesla and NIO began their journies in the highly capital intensive automobile industry in a similar fashion.

Yesterday, Morgan Stanley upgraded Ford Motor Company stock from “equal weight” to “overweight” and increased its target price.

Hyundai has launched a car with a solar roof, adding to the competition in the EV (electric vehicle) space for Tesla and NIO.

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.

Heavyweight motorcycle maker Harley-Davidson (HOG) released its earnings results for the first quarter of 2019 on April 23.

On Wednesday, Tesla (TSLA) stock surged nearly 2% after CEO Elon Musk slammed the auto industry in an interview.

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 (TSLA) seems to be preparing to take the electric car race to the next level.

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.

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%.

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.

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.

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%.

On April 1, the US Environmental Protection Agency imposed a $31,000 penalty on Tesla (TSLA) for federal hazardous waste violations.

American electric carmaker Tesla was founded in 2003 with a mission “to accelerate the world’s transition to sustainable energy.”

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.

In February, Fiat Chrysler’s Jeep brand sales weakened for the second consecutive month after rising for the previous 12 months.

In 2018, a positive mix helped General Motors (GM) boost its revenue despite its declining sales volumes.

In the fourth quarter of 2018, General Motors’ (GM) revenue rose 1.8% YoY (year-over-year) to $38.4 billion.

Chinese electric carmaker NIO (NIO) continued to burn cash in the fourth quarter.

In the fourth quarter, Tesla delivered 90,966 car units to customers with a huge 203.6 YoY increase.

Amazon (AMZN) recently began using robots to deliver packages to customers in parts of Seattle on an experimental basis.

Early this morning, before the market opened, Musk revealed that TSLA is reducing its full-time workforce by 7%.