|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||24.50 - 24.72|
|52 Week Range||24.50 - 35.88|
|Beta (3Y Monthly)||0.68|
|PE Ratio (TTM)||5.17|
|Forward Dividend & Yield||1.57 (5.53%)|
|1y Target Est||N/A|
Yahoo Finance's Adam Shapiro chats with Mercedes-Benz US.. CEO & President Dietmar Exler. He fills Julie Hyman in on the latest with luxury cars.
The report looks at how this fleet will transform transportation as China’s 421,000 electric buses join those millions of personal EVs. As the expanding electric fleet drives electricity demand up, it will also erode demand for millions of barrels of oil. BloombergNEF tracks more than $100 billion in investment between just four automakers — Volkswagen AG, Hyundai Kia Automotive Group, Chongqing Changan Automobile Co Ltd. and Daimler AG — with VW alone planning more than $50 billion.
According to the order, which people familiar with the matter say Trump is expected to sign this week, the administration has determined that imports of cars into the U.S. present a threat to national security because they have hurt domestic producers and their ability to invest in new technologies. Shares of BMW AG surged as much as 5% Wednesday, while Japanese automakers were traded slightly lower in Tokyo.
Two hours west of London, at an abandoned Royal Air Force base, a major electric car initiative has begun… by none other than Dyson.Most of you know Dyson for its vacuums, hand dryers and fans. But I, for one, have been waiting for its electric vehicle (EV) for years -- ever since it made a key acquisition that I'll get to in a moment.Then in November, we found out that Dyson will build an auto plant in Singapore. All in all, Dyson is looking to invest $2.7 billion in EVs. Now, at the old Hullavington airfield, the company will research and test its EV prototypes right at home in the UK.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile the EV field is currently dominated by the usual players -- the United States, Germany, Japan, and now China -- Britain is looking to get in on the action as well. In fact, it wants to go 100% electric: The UK is considering a moratorium on new cars with gas or diesel engines. (Norway already made that call, and France, Germany, India, and China are mulling it over, too.)2040 is the most likely date for Britain to go all-electric, while 2035 is a possibility, and 2030 is what Sir James Dyson is pushing. * 10 Retirement Stocks That Won't Wilt in a Bear Market Dyson's electric car sounds just as sleek and high-tech as you'd expect. And it plans to deliver it as soon as 2021. While the model is still in development, Dyson's initial patent images (like the one above) show: * An SUV-crossover design, with three rows of seating * Lower-than-normal seating, for better aerodynamics * Narrower/taller wheels… both of which would boost its driving range.Range is crucial to any EV maker -- and especially one that also aspires to make its flagship products (the fancy vacuum cleaners) powered 100% by battery.In 2015, Dyson acquired a Michigan startup that was working on next-generation batteries. They've since parted ways, but nonetheless, we've known since 2017 that Dyson is eager to get in on the new technology.For a vacuum cleaner, strong battery power that allows for cordless design is a nice convenience. For an electric car, a strong battery is a must. You can afford to finish vacuuming later, but you can't afford to be stuck on the side of the road -- and you can't afford to spend all day charging the thing either.Lithium-ion batteries have been the standard since the 1980s, believe it or not, when Sony started putting them in its camcorders. After they made it into Apple's iPhone in 2007, the rest was history. But the next generation of batteries will solve two major problems:* Lithium-ion batteries rely on materials like cobalt… which is mined from conflict zones (mainly in the Democratic Republic of Congo) that are struggling to keep up with demand.* And the liquid inside is not only toxic - but also flammable. In 2016, the battery in Samsung's Galaxy Note 7 was exploding. You couldn't bring the phone on a flight. And smoking, flaming, or exploding batteries have caused a few hundred other incidents in airplanes, too. In just five years (from 2012 to 2017), 49 batteries were recalled in products ranging from laptops to power tools.No company wants that. And the current leaders in automotives are dedicating serious cash to solving the problem.BMW (OTCMKTS:BMWYY) is shopping around for a supplier of next-generation batteries for its electric car, the i3. Others, like Volkswagen (OTCMKTS:VWAGY), are looking to develop their own. Rumor has it that Tesla (NASDAQ:TSLA) is, too, after it acquired a battery startup in February.All of this revolves around one specific technology that's safer AND more powerful. Some call it the "Jesus Battery" because, compared to the old lithium-ion technology, this battery is nothing short of miraculous. The Key to Cashing In on the Battery RevolutionAs an investor, there's one thing I particularly like to see when I buy into a tech trend: patents.Dyson doesn't just have the smooth-talking billionaire CEO you see in its TV commercials. It has a number of impressive patents across its business. The electric SUV-crossover is just the latest -- and surely not the last.And when it comes to the "Jesus Battery," one tiny company in southeast England holds some key patents.Automakers like Toyota Motor (NYSE:TM) are relying on this company for its electric car models. Yet the company is totally off the radar - for now.So, you'll want to check this out before everyone else starts rushing in. I've got a full presentation on the investment opportunity in this "Jesus Battery," which you can view for free by clicking here.Insiders are already calling this potential new battery a "paradigm shift" in energy technology. Forbes calls it simply: "The battery that could change the world."This breakthrough device could change how you get around… how you communicate with others… even the way you think about the world.Folks who get in on this breakthrough now, BEFORE it's rolled out on a mass scale, will have the chance to be a part of perhaps the single largest wealth-creation event in the last 25 years.I can share with you what I've learned and show you how to profit. Click here to learn more.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 4 Top American Penny Pot Stocks (Buy Before June 21) * 10 Retirement Stocks That Won't Wilt in a Bear Market * 5 Consumer Stocks Ready to Push Higher * 3 of the Best ETFs to Buy for a Play on Gold Stocks Compare Brokers The post Why The Hot New Electric Car is a…Dyson appeared first on InvestorPlace.
U.S. stocks traded higher Wednesday, reversing sharp earlier declines, following a report that President Donald Trump may delay a decision to apply tariffs on automobiles imported into the United States for up to six months. Bloomberg News first reported the delay, citing U.S. officials, sending the Dow into positive territory and paring declines for the S&P 500. Trump had been expected to make a decision on the tariffs this weekend, following a report U.S. Commerce Department he received on February 17 that studied whether imported cars and other automotive parts pose a threat to national security under section 232 of the Trade Expansion Act.
As the IndyCar Grand Prix approaches, fans await yet another chance to see some of their favorite racers vie once again for the title. One such driver is Marco Andretti, who finished 13th in last year's IndyCar Grand Prix. Andretti has been one of the most recognizable IndyCar drivers since he burst onto the scene as a teen in 2006 - as much due to his family name as his actual success.
Want to participate in a short research study? Help shape the future of investing tools and you could win a $250 gift...
Our call of the day is a bullish one from Jonathan Golub, chief U.S. equity strategist at Credit Suisse Securities, who tells MarketWatch that he’s got a laundry list of reasons why equities will see gains for the “next several years.”
BMW AG’s automotive division swung to a loss for the first time in a decade as car prices slumped and a legal provision over alleged collusion ballooned to 1.4 billion euros ($1.6 billion). To deal with the pressures, BMW in March announced a 12 billion-euro savings plan, culling models and cutting development time. While the second half of the year should improve with sales of new 3-Series and X7 sport utility vehicles, trade tensions are on the rise again.
“I expect that President Trump will keep tariffs on electric cars as high as he possibly can,” Michael Dunne, chief executive officer of consultancy ZoZo Go, said Monday in a speech to the Automotive Press Association in Detroit.
Plug Power (NASDAQ:PLUG), a provider of hydrogen fuel cells, is having quite the rebound year in 2019. If you bought PLUG stock on Dec. 31, you've doubled your money as of May 1. That's quite a turnaround from the 47% downturn in 2018. Several factors account for its move in 2019. The question is whether it's enough to keep PLUG stock moving higher as we enter the summer doldrums of trading. With Plug Power's first-quarter 2019 earnings report on deck for May 8, the bigger question for shareholders who bought toward the end of last year and are sitting on significant gains ought to be whether they should sell before the release of its earnings or hold tight buying more on any weakness after the report.InvestorPlace - Stock Market News, Stock Advice & Trading TipsHere's the case for and against holding through earnings. The Case for Buying PLUG StockAlthough Plug Power isn't profitable, it's getting closer on a non-GAAP basis. Meanwhile, on the top line, it continues to grow revenues in a big way. In fiscal 2018, PLUG stock grew sales by 74% to $174.6 million. In Q4 2018, it increased revenues by 92% to $59.8 million, a sign the company's accelerating sales and adding customers. * 10 Cheap Stocks to Buy in May, But Don't Go Away In the fourth quarter alone, Plug Power delivered fuel cell products to 15 different customers including Amazon (NASDAQ:AMZN), Walmart (NYSE:WMT) and BMW (OTCMKTS:BMWYY). Most recently, it announced that it signed an agreement with Michigan-based Lipari Foods, a distributor of unique food and beverage products in 15 states. Another example of the growth Plug Power's experiencing: In 2018, it provided approximately 16 million hydrogen fills to its customers, up from 10 million at the end of 2017, a 60% growth rate. As for the upcoming first-quarter results, Plug Power is expected to have revenues of $32.9 million, 13% higher than a year earlier. On the bottom line, it's expected to lose eight cents a share, 11% higher than the seven cents it lost in the same quarter a year ago. Yes, it's a little higher. However, CEO Andy Marsh believes it will start making consistent EBITDA profits beginning in the third quarter. As a speculative bet, if you bought near $1, and believe that the potential for growth is real, I don't know how you can't buy more no matter the results on May 8. The Case for Selling Plug Power StockI think the most significant negative for Plug Power other than the stock's been on a tear and is due for a bit of cooldown is if it delivers revenue growth below the analyst consensus of 13%.How likely is this?I don't have a crystal ball but given it grew Q4 2018 revenues by 92% and analysts expect 30% year over year growth in the second, third, and fourth quarters of 2019, I'd say the odds are relatively low.The problem with taking profits if you bought in December is that you won't get the capital gains rate of tax payable because you haven't owned PLUG for more than a year. Instead, you'll pay the rate of tax you pay on your regular income. In this situation, I wouldn't sell it unless you don't want to own it anymore. If, however, you're holding the stock in a tax-deferred or tax-free account, and you're worried about a cooldown, I'd sell before May 8 and then buy back in after the results are out regardless of whether it goes up or not. Bottom Line on PLUG StockPlug Power has an agreement with Amazon to buy $600 million of its fuel cells for the e-commerce company's forklifts. As part of that agreement, Amazon has warrants to purchase 55.3 million shares of PLUG at different prices based on purchases made by the e-commerce company. If it exercises all of the warrants, it will own 23% of Plug Power. The option and purchase agreement act as an artificial floor for the stock providing investors with a greater amount of security than would typically exist for a sub-$3-stock. That's a big bonus. Should you sell before earnings?If you thought it was a 3-5-year hold at the end of 2018, I don't think anything's changed to shake you out of your position. I'd hold through earnings, buying more if it drops by any material amount. As of this writing, Will Ashworth did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 10 Best Stocks to Buy for May * 5 Elephant-Sized Companies Warren Buffett Could Buy * 7 Cheap ETFs for Novice Investors Compare Brokers The post Should You Buy or Sell Plug Power Prior to Q1 2019 Results? appeared first on InvestorPlace.
BMW deliveries rose 1.4 percent in April, aided by the behemoth SUV’s second full month of sales. Through the first four months of the year, the brand has sold 3,584 more luxury vehicles than Daimler’s Mercedes-Benz, whose deliveries slumped 16 percent last month.
Companies including Tesla, Nvidia and Nutanix are large holdings of ARK Invest, which seeks out disruptive businesses.
Tesla isn’t the only automaker making headlines this week for technical misfires. BMW and Fiat Chrysler are also facing recall troubles.
Right now Tesla (NASDAQ:TSLA) is a stock a lot of people want to hate. While the NASDAQ averages are up 20% so far in 2019, Tesla stock is down nearly 20%.Source: Shutterstock Greenlight Capital CEO David Einhorn is among the loudest detractors. He writes "the wheels are coming off" and thinks Tesla is on the brink of failure.Earnings estimates for the March quarter, to be reported April 24, are grim. Average analyst estimates predict a loss of 75 cents, but the earnings whisper number is a loss of $1.13. Revenue is expected to come in at $5.33 billion, against $7.2 billion during the fourth quarter of last year.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Is Tesla Failing?Tesla still sells more like a tech stock than an auto stock. The market cap on April 15 was about $46 billion, against 2018 revenue of $21.46 billion. By contrast, rivals like General Motors (NYSE:GM) and Ford Motor (NYSE:F) sell at just one-third their revenues. * 3 Stocks on Shaky Ground As far back as 2016 I identified scaling production as Tesla's main challenge. As recently as last month, I asked if CEO Elon Musk's magic had disappeared.But Tesla is not going out of business.In September, Tesla had almost as much of the U.S. luxury car market as BMW (OTCMKTS:BMWYY) and Mercedes-Benz (OTCMKTS:DDAIF) combined. The Model S took 36% of the U.S. market for large luxury cars last year. The Model X has nearly one-fifth the luxury SUV market. The Model 3 is the best-selling electric in the world. Tesla's ProblemsTesla's problems today are real, but they're different than those I identified in 2016.Tesla can now mass produce cars, but it still lacks the infrastructure to deliver them. As more of its cars hit the road, problems with them are being uncovered. Consumer Reports is no longer recommending the Tesla Model 3. The factory is picking up environmental fines.Musk himself remains incorrigible, tweeting a forecast that Tesla will deliver 500,000 cars over the next 12 months before telling investors. Musk is trying to eliminate his dealer network, going to all-online sales. He is backing away from the long-promised $35,000 price point of the Model 3. He is reportedly putting off plans to expand Tesla's battery plant in Nevada.Additionally,Tesla and Elon Musk are in bad political odor with an Administration committed to oil. Not only do Republicans want to kill incentives for electric vehicles, they want to add new taxes on them.During 2017 and 2018 Musk tried to charm President Trump but he now says the President "screwed him."Short interest in Tesla stock is exploding. Over 32 million shares are being sold short with a float of just 126 million while one-quarter of shares are held by insiders. The Bottom Line for Tesla StockTesla stock rose before it was a real car company.Now it is a real car company. It is experiencing all the problems associated with being a real car company.But Tesla is not a failing car company. It is still a growing car company. It is building its own factory in China. It has plans to offer a crossover, a pick-up, a roadster, and even a semi-truck. The problem with Tesla stock is that it's still priced like a tech stock. * 7 Tech Stocks With Too Much Risk, Not Enough Upside I still think the short interest in Tesla is overdone, however. As the saying goes, he who sells what isn't his'n, must buy it back or go to pris'n. I suspect the shorts are about to get squeezed again.Dana Blankenhorn is a financial and technology journalist. He is the author of a new mystery thriller, The Reluctant Detective Finds Her Family, available now at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. Compare Brokers The post Tesla's Real Problem? It's a Car Stock Priced Like a Tech Stock appeared first on InvestorPlace.
Harald Krüger became the CEO of Bayerische Motoren Werke Aktiengesellschaft (FRA:BMW) in 2015. First, this article will compare CEO compensation with compensation at other large companies. After that, we will consider th...
In a vote Wednesday, the European Parliament ratified draft rules by the European Commission, the bloc’s executive body, which endorse WiFi technology pushed by VW, General Motors Co., and Volvo Group. The European Council of member states still have a say on the draft rules and could decide to veto it.
While I was excited to hear that the German government is about to invest $1 billion in battery technology… I wasn't surprised.When I was a kid, the hottest cars were mostly all German: Porsche, BMW (OTCMKTS:BMWYY), Audi (OTCMKTS:AUDVF), Mercedes.Now they've all been supplanted by Tesla (NASDAQ:TSLA).InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe Model S is not just an electric car -- it's one of the greatest technological achievements of our age, with the ability to go from 0 to 60 miles per hour in just 2.5 seconds. It's one of the fastest production cars ever… and it's practically silent because it runs on batteries.Meanwhile, Germany, like several other European Union (EU) nations, is now flirting with recession. One big factor is that automakers are struggling to maintain factory output while cutting CO2 emissions by one-third (as mandated by EU regulators in December). * 7 AI Stocks to Watch with Strong Long-Term Narratives Why not kill two birds with one stone?By investing in battery technology, Germany can help its automakers compete with Tesla and ease their regulatory headache. Not to mention, catch up with Asia, which is way out in front of the battery boom.Applications for a piece of this $1 billion pie are due this month. It will be interesting to see what comes of it. Big Auto Wants In on the ActionWe know that Volkswagen (OTCMKTS:VWAGY) has applied. And this is a path they've been on for a while.Volkswagen's goal is for 25% of its cars to be fully electric by 2025. And by 2030, the company plans to "electrify" all of its 300 cars and SUVs. If met, that would be a game changer.I can tell you it's very ambitious, given where the battery industry is today. And to reach that goal, Volkswagen will need new technology.If batteries aren't something you normally give a lot of thought to -- until they die, usually at the most inconvenient time -- that's understandable. But it's not just their "lifespan" that's an issue:Current battery technology, lithium-ion batteries, relies on materials like cobalt… which is mined from conflict zones (mainly in the Democratic Republic of Congo) that are struggling to keep up with demand.And we all remember Samsung's exploding phones. You couldn't get onto a plane for a time without flight attendants warning you about the Galaxy Note 7 smartphone. That was all due to a fire risk with its lithium-ion battery.So, you can see why Volkswagen is eager for a new alternative.In fact, it's been working with a Silicon Valley startup to get one. And its new battery technology is a key part of Volkswagen's 2025 goal. The company is already one of the largest car manufacturers in the world, and if it can meet expectations I look for it to become the largest manufacturer of electric vehicles in the next decade as well.Continental (OTCMKTS:CTTAY), a key supplier to these German automakers, also wants in on this very same battery technology.General Motors (NYSE:GM), Ford (NYSE:F), Toyota (NYSE:TM), Honda (NYSE:HMC), Mitsubishi (OTCMKTS:MMTOF), Nissan (OTCMKTS:NSANY), and Hyundai (OTCMKTS:HYMTF) all want this new battery in their fleets as soon as possible.Audi, Porsche, and Mercedes, too. BMW has already signaled that it will apply for Germany's grant so it can research this new technology.Even if BMW doesn't produce the new battery itself… it can understand how to get the best from its suppliers. Investing in the SourceThese are major, multinational companies.But as an investor, I'd rather own a pure play on the battery revolution.I often talk about "picks and shovels" investing. And that's because, if you look back at the 1849 Gold Rush, it was the folks supplying the picks and shovels who ultimately got rich.Therefore, I'm recommending companies that supply this new battery technology -- nicknamed the "Jesus Battery."Find out exactly what makes this battery so miraculous here.Any competitors that have it will CRUSH Tesla, by making its $5 billion "gigafactory" -- with the old lithium-ion batteries -- obsolete.If you ever wanted to invest in the coming electric car revolution, but weren't sure how, THIS is your chance.I know I do.So I found a company that holds key patents.Automakers like Toyota are relying on this tiny company for its electric cars. Yet the company is totally off the radar.That makes now the right time to get in before everyone else. I've got a full presentation on the investment opportunity in this "Jesus Battery," which you can view for free by clicking here.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * FAANNG Stocks, Ranked From Cheapest to Most Expensive * 7 Stocks With a Lot on the Line This Earnings Season * 7 Marijuana Companies: Which Pot Stocks Should You Buy? Compare Brokers The post Why Germany Is Investing $1 Billion In Battery Technology appeared first on InvestorPlace.