Automotive

NIO plans to set up a battery asset management company in August, which should enable NIO to launch a BaaS offering.

Lordstown Motors, which is partly owned by Workhorse, is being acquired by DiamondPeak. See what our analysts suggest based on the pros and cons.

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.

So far, NIO stock has rallied 244% in 2020. However, investors need to watch out for the risk factors after the sharp rise.

NIO stock has been volatile over the last week, and Tesla has been over the last few days. Here’s what’s behind the tug-of-war between bulls and bears.

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.

Amazon (NASDAQ:AMZN) is in talks to acquire Zoox—a self-driving startup. Zoox develops hardware and software for self-driving vehicles.

Tesla (NASDAQ:TSLA) stock bulls don’t like to see the company in the same league as automakers. Instead, they see Tesla as a technology company.

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.

NIO stock has been on a roller coaster ride. The volatility in 2020 might be due to the COVID-19 pandemic. However, the stock was volatile in 2019.

Just when markets were getting a little too bearish on Tesla stock, it bounced back sharply in Thursday’s trade and rose more than 18%.

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?

Tesla stock had quite a year in 2019. Tesla went from loss to profit, and from lower deliveries to record deliveries. What lies ahead for 2020?

Tesla drafted a contract to buy 3 million square meters of land near Berlin. Last month, Tesla revealed its plans to build a Gigafactory in Germany.

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.

An early investor in Twitter and Tesla, billionaire venture capitalist Tim Draper expects to see Bitcoin reach $250,000 in 2022 or 2023.

Almost every US airline stock soared last Friday after the US Department of Labor reported stronger-than-expected job market data.

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.