Institutional holdings in TSLA, F, GM, and FCAU stand at various levels ranging from 30% to 80%. Wall Street is not happy about automakers’ Q3 earnings.
Auto stocks have been slumping in October. Ford (F) and General Motors (GM) have fallen by 6.6% and 8.9%, respectively, month-to-date.
Leading automakers Ford Motor (F), General Motors (GM), and Fiat Chrysler (FCAU) released their third-quarter US auto sales numbers yesterday.
Automaker stocks have seen mixed performances in September. While Ford, General Motors, Tesla, and Fiat Chrysler have risen, Ferrari has declined.