Tesla CEO Elon Musk visited China last week to attend the World Artificial Intelligence Conference. He also visited Tesla’s Gigafactory in the country.
In 1Q17, Fiat Chrysler’s (FCAU) shipments in the European market rose 11.8% to 340,000 vehicle units, from 304,000 units in the corresponding quarter of 2016.
While Greater China accounted for just 9% of the company’s total shipments, it’s still strategically important for Ferrari due to China’s future growth potential.
The minister has also stated that FDI inflows to India (EPI) (IFN) rose by a whopping 46% during October 2014 to May 2016 in response to the “Make in India” campaign, which launched in September 2014.
The Vanguard European Stock Index Fund’s assets were spread across a staggering 1,250 stocks as of June 2016, and it was managing assets worth $17.8 billion.
The Vanguard European Stock Index Fund – Investor Shares’ (VEURX) assets were spread across a staggering 1,249 stocks as of March 2016. It was managing assets worth $19.0 billion.
The Ifo Business Climate Index for Germany rebounded in March from a 14-month low in February. It rose to 106.7 in March—compared to 105.7 in February.
Car2go is the largest car-sharing service provider in the world. It could be seen as the biggest competition for GM’s ambitious car-sharing program, along with Uber and Zipcar.
In January 2016, General Motors entered into a strategic alliance with Lyft, a car-sharing service. This could be seen as a hedge against a possible downturn in the US auto demand.
Since General Motors’ beginning, North America has been its most important market. North America alone accounted for ~70% of GM’s total revenues in 2015.
In the current global scenario, the possibility of further devaluation of the Chinese yuan is a major concern for global equity markets. The Chinese PMI data released on January 31, 2016, indicated a slowdown in the Chinese economy.
Being a fairly new automaker, Tesla Motors’ valuation multiples are not comparable with other industry giants such as Ford, General Motors, and Toyota.
Tesla (TSLA) has industry-leading gross margins, which are better than those of other auto industry giants such as Ford Motor Company and General Motors.
With the reading above neutral, the Eurozone continued its upturn in business activity. Though at a 12-month low, the services PMI rose to 53.6 in January
Overview of FEZ’s performance on January 13 As we discussed previously in this series, as global growth worries weighed on the market during the previous day’s trading, global markets fell drastically on Wednesday, January 13, 2016. The SPDR EURO STOXX 50 ETF (FEZ) and the iShares MSCI EMU Index ETF (EZU) returned 2.08%, and 1.97%, […]
On Wednesday, January 13, 2016, the stocks at the bottom of the SPDR Euro STOXX 50 ETF (FEZ) were BMW, Daimler (DDAIF), Deutsche Bank (DB), SAP (SAP), and Siemens (SIEGY).
Ferrari is expected to witness high growth in earnings with relatively lower leverage than the industry average. This could be a reason why Ferrari has a high forward price-to-earnings multiple.
Ferrari (RACE) is considered a symbol of power, speed, and passion by many motorsport enthusiasts. There are only a few key market players in the luxury supercar segment.
Ferrari (RACE) is one of the most prestigious brands in the automobile industry. The Italian racing and sports car manufacturer entered the business in 1947.
On Tuesday, January 5, 2016, the auto manufacturing industry provided the highest negative return of 1.5% to the performance of the SPDR Euro STOXX 50 ETF (FEZ).
The auto manufacturing industry was the biggest loser with a negative return of 1.5% on Tuesday, January 5, 2016. Volkswagen (VLKAY) stock alone fell 2.8%.
According to Germany’s Federal Statistical Office (Destatis), Germany’s December inflation rate is expected to come in at 0.3% on a YoY (year-over-year) basis as compared to 0.4% in November 2015.
On Monday, January 4, 2016, China’s Shanghai Composite Index fell a huge 7%, sending jitters throughout the global market. It came on the back of fresh fears over China’s economic growth.
Anheuser-Busch (BUD) provided the positive return of 22% in FEZ in 2015. Currently, the stock is trading at 114.6 euros. Its 52-week high is 119.65 euros.
On December 21, FEZ’s top stocks were Deutsche Post, Volkswagen (VLKAY), ASML Holdings (ASML), Deutsche Bank (DB), Unicredit (UNCFF), and Daimler (DDAIF).
On Friday, December 11, 2015, auto manufacturing stocks emerged as the biggest losers for the SPDR Euro STOXX 50 ETF (FEZ). Daimler, BMW, and Volkswagen fell 4.5%, 4%, and 3.5%, respectively.
On December 10, 2015, the auto manufacturing industry yielded the highest positive return of 2.5% within the SPDR Euro STOXX 50 ETF (FEZ). Auto manufacturing constitutes 7% of FEZ’s holdings.
In 3Q15, Tesla saw gross profits of $231 million, a 24.7% margin on a GAAP basis. But it posted non-GAAP gross profits of $312 million with a 25.1% margin.
Tesla is expected to post gross profits of $304 million in 3Q15 at a margin of 24.5%. Its gross profit margins are more in the ballpark of luxury carmakers.
Germany’s inflation data is on the radar of financial investors. As one of the largest economies in Europe, Germany serves as a growth engine for the continent.
European stocks have benefited from the weak euro. Not only do exports look attractive to Americans, large-cap European companies also gain from currency translation.
