Automotive

On May 20, the Senate approved new legislation that could force Chinese companies to follow the same rules as other companies listed on the NYSE and NASDAQ.

Ford Motor is one of the few US publicly traded auto stocks with attractive returns this year. With a 17% year-to-date gain, the stock has outperformed most of its peers.

As part of the endeavor to raise cash, NIO issued ADS last month at an average price of $5.95. The amount is almost half of the current stock price.

Recently, NIO (NYSE:NIO) stock has seen a meteoric rise. The stock has risen 229% YTD—245% of the gains came after its first-quarter results on May 28.

NIO and Tesla seem to be defying the overall downtrend in the Chinese NEV market with their rising sales in June. They have been gained ground in China.

Tesla is going all out to increase its market share in China. However, to win there, Tesla has to compete with the likes of NIO.

To flourish, any business needs to have an edge or a unique proposition. NIO (NYSE:NIO) might have an edge in battery swap technology.

NIO (NYSE:NIO) stock has risen sharply in the second quarter. So far, the stock has risen a whopping 164%. On a YTD basis, the stock has risen 82%.

One of Baillie Gifford’s big bets among EVs is on NIO (NYSE:NIO) stock. Baillie Gifford is also one of the largest Tesla (NASDAQ:TSLA) investors.

Analysts have a mean consensus target price of $4.92 on NIO stock. Based on Tuesday’s closing price, this would mean a downside of almost 30%.

Tesla’s stock price has been on a brilliant run lately. Tesla has gained 123% year-to-date. On June 10, the stock close above the $1,000 per share level.

Tesla (NASDAQ:TSLA) sold 11,095 Model 3 cars in China in May, as reported by Reuters. The company sold about a third of the cars in April or 3,635 vehicles.

NIO stock has been on a fire in June. So far, the stock has gained over 40%. The company recouped its 2020 loses and is up 39% for the year.

On May 14, Jim Simons’ Renaissance Technologies filed its 13F for the first quarter of 2020. The hedge fund reduced its holdings in Tesla.

Tesla raised over $2 billion through equity issuance in February. On February 13, Tesla stock closed with gains after it announced the capital raise.

Ford announced that it will provide OTA updates for the Mustang Mach-E. The updates will be similar to the OTA that Tesla pioneered for its vehicles.

Goldman Sachs expects the S&P 500 to crash to 2,400. However, the firm expects the S&P 500 to end the year at 3,000 level.

Stock valuation is both an art and a science. We’ll look at some advanced valuation concepts, drilling down into the “art” part of valuing stocks.

Although NIO (NYSE:NIO) and Tesla (NASDAQ:TSLA) are both electric vehicle producers, stock markets have a different view of the companies.

David Einhorn has locked horns again with Elon Musk. He asked several questions related to the company’s first-quarter financials.

On Thursday, China announced a new subsidy structure for electric vehicles. NIO stock fell almost 1.0%, while Tesla stock fell 3.6% after the news.

NIO stock (NYSE:NIO) has fallen almost 27% this year. Tesla has also pared nearly all of its 2020 returns. NIO will likely release its Q4 results tomorrow.

Last week, Tesla (NASDAQ:TSLA) stock fell 22.3% and had its second-worst weekly fall. On March 7, Musk said that the coronavirus panic was ‘dumb.’

Tesla’s stock price has fallen amid the coronavirus-led sell-off in broader markets. Despite the fall, the stock is still trading with massive yearly gains.

Tesla (NASDAQ:TSLA) and its CEO Elon Musk frequently stir up controversies. After a relative lull, Musk has stoked a controversy with his tweet about the coronavirus.

Tesla’s (NASDAQ:TSLA) stock price fell by more than 25% last week. The stock underperformed the S&P 500 and the Dow Jones Index.

While TSLA stock bulls see the rise as fundamental, bears and many observers are calling it a “speculative bubble.” So, where do we draw the line?

Continuing with the strategy of enhancing shareholders’ wealth, Ford Motor Company (NYSE:F) declared a dividend for the first quarter of 2020.

During Tesla’s Q3 call, Musk said that he thinks Tesla’s solar segment could be as big or even bigger than the company’s electric vehicle business.

Ford is planning to invest over $1.45 billion in its two North American facilities in Michigan, with a focus on autonomous, electric, and big vehicles.

Tesla and General Motors are lobbying for the extension of the EV tax credit. With some GOP opposition, it may not be a done deal.

Tesla (TSLA) stock has risen by 46% quarter-to-date. The rise in TSLA stock has been due to the company’s surprise set of third-quarter numbers.

Yesterday, Reuters said that Tesla might increase imported Model 3 prices in China. The increase might push Chinese customers to buy the cars locally.

China’s auto sales fell 3.6% in November, which marked a decline for the 17th consecutive month. China is the world’s biggest auto market.

Tesla (TSLA) stock has, time and again, reacted to tweets by CEO Elon Musk. He has been on Twitter for more than a decade now.

On Saturday, Elon Musk tweeted about the Tesla (TSLA) all-terrain vehicle, the Cyberquad. The electric ATV is to fit into the Tesla Cybertruck.

Whether Elon Musk made 2019 the Year of Solar is debatable. But with Tesla’s Solar Roof Version 3, the company made some notable developments.

Tesla had about $13.3 billion in total debt on its balance sheet at the end of September. At the beginning of the year, the total debt was $11.9 billion.

In today’s Get Real newsletter, we looked at big tech breakup updates, another leaked Musk email, the Boeing and Airbus war, Slack’s outlook, and more.

The Dow Jones Index needs a Santa Claus rally this year. Instead, the Dow Jones might have to contend with the “Tariff Man.”