|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||66.20 - 66.45|
|52 Week Range||50.64 - 80.97|
|Beta (3Y Monthly)||0.91|
|PE Ratio (TTM)||6.72|
|Forward Dividend & Yield||4.50 (7.68%)|
|1y Target Est||70.42|
More than 40 vehicles using some form of battery power are on display at the New York International Auto Show. Two of the three finalists for World Car of the Year at the 2019 New York show are fully electric. It wouldn't be much of a stretch to call this year's New York International Auto Show "electrifying," not when you consider that more than 40 vehicles using some form of electric power are on display at the Jacob Javits convention center.
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 firstname.lastname@example.org 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.
A sales decline of 6 per cent is rarely a cause for celebration. The statement by Germany’s Volkswagen is a sign of the gloom surrounding car groups in the world’s biggest automotive market, where sales fell for the first time in almost three decades last year. VW’s 6.3 per cent drop in the first quarter against an overall market decline of 14 per cent in the period follows an economic slowdown that has cast a cloud across the sector.
Demand for electric vehicles remains low in the U.S. market, but industry executives at the New York auto show this week said they are pushing ahead with billions of dollars in investments even while preaching patience. Officials said their companies are charging ahead with a flurry of new electric vehicle (EV) models, citing rising regulatory requirements globally. Michelle Krebs, analyst at online marketplace Autotrader, expects EV sales to remain relatively modest until charging infrastructure, prices and battery performance improve.
Daimler is looking to make 6 billion euros (£5.2 billion) in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at its Daimler Trucks division, Manager Magazin said on Thursday. Around 10,000 jobs will be cut at Daimler, the business-focused magazine said, without citing sources. Daimler declined to comment on the cost savings figure and on Manager Magazin's report but has previously ruled out forced redundancies until the end of 2020.
Daimler is looking to make 6 billion euros ($6.75 billion) in cost savings and efficiency gains by 2021 at Mercedes-Benz passenger cars and a further 2 billion euros at its Daimler Trucks division, Manager Magazin said on Thursday. Around 10,000 jobs will be cut at Daimler, the business-focused magazine said, without citing sources. Daimler declined to comment on the cost savings figure and on Manager Magazin's report but has previously ruled out forced redundancies until the end of 2020.
Car2go, the free-floating car-sharing service owned by Daimler, temporarilyshut down its service in Chicago on Wednesday after dozens of Mercedes-Benzvehicles were stolen using the app
First off, he confirmed that it will produce about 420 horsepower, with the number varying depending on U.S. and European units of power. This powerhouse of an engine will be bolted up to an eight-speed dual-clutch transmission, rather than the seven-speed unit used in the A 35 and CLA 35. Additionally, Moers said the all-wheel-drive system is different to the 35 series of cars, though he didn't say specifically how.
Car2Go launched in Chicago in the summer of 2018, with 400 Daimler cars rolled out on the Windy City streets soon after. CBS Chicago is reporting that some of the missing cars have been used to commit crimes. It is yet unclear what the hacking has exactly enabled the perps to do, but the compromised app appears to have opened the doors and given the thieves free rein with easily stolen cars.
German car parts maker Continental and French rival Valeo have joined Daimler and Bury Techologies to seek an EU antitrust investigation into Nokia's patent licensing practices for cars, the Finnish tech company said on Wednesday. Last month, German carmaker Daimler and Bury complained to the European Commission about Nokia's patents essential to car communications.
At the press conference, Britta Seeger, Daimler board member in charge of Mercedes-Benz sales, updated the gathered media, speaking vaguely about the company's plans, which include 10 new electric models in the pipeline. Then, even more interestingly, Seeger confirmed the coming of an electric version called the EQB, with a launch in 2021. At the time, we speculated that the vehicle would be called the EQB, and now we have confirmation.
After two generations and 12 years of wearing the same hard-edged blocky aesthetic that helped establish Mercedes-Benz in the seven-seater segment, the GLS debuted at the 2019 New York Auto Show with a softer, curvier, and more elegant presence. According to Mercedes, its EQ Boost technology is capable of additionally providing up to 21 horsepower and 184 lb-ft of torque for short bursts of time. EQ Boost is an integrated starter generator and a 48-volt onboard electrical system.
Mercedes-Benz proudly claims it birthed the automobile on Jan. 29, 1886, when Carl Benz applied for a patent for a "vehicle powered by a gas engine." The three-wheeled car first made its appearance in July 1886, and an era of fossil-fueled mobility began. Now, 133 years later, Benz is ready to mark the beginning of a new electric-powered era with a special edition of its upcoming battery-powered SUV. This is the EQC 1886 Edition.
Russian businessman Oleg Deripaska said he was ready to give up control of GAZ after sanctions against the van maker began to bite and as Western partners, such as Germany's Daimler , stopped doing business with the company. Sanctions against GAZ, Russia's biggest van maker, have not yet taken full effect due to licenses for extensions issued by Washington, but are impacting the company, Deripaska said.
German automaker Daimler said it hopes Mercedes-Benz will restart production of its Sprinter Classic vehicles in the near future at the site of sanctioned van maker GAZ, which is controlled by Russian ...
The Mercedes-Benz CLA was a bold move for the big German luxury brand when it launched six years ago with a shockingly low starting price of just under $30,000. Back then, Mercedes was more about spendy sleds like the S-Class than youth-friendly offerings, which led purists to grouse that an affordable entry model could squander the brand's hard-earned cachet. The argument wasn't helped by early concerns about interior build quality: was the cheap starter Benz destined to cheapen the brand?
Sila Nanotechnologies and its battery materials manufacturing technology arenow worth more than $1 billion
Mercedes-AMG only put a 4.0-liter twin-turbo V8 in the GLC compact SUV less than two years ago, and has made steady design changes to the line ever since. This year is no different, the entire AMG-touched GLC lineup getting the aesthetic tweaks revealed on the standard GLC at last month's Geneva Motor Show. The Affalterbach division wants to trumpet that the GLC 63 S Coupe - the hottest version in the range - lapped the Nürburgring in an officially notarized 7.49.369 minutes.
Germany's Daimler has suspended a local sales franchise for its Mercedes-Benz brand in China after a customer complaint about service from the dealership went viral on social media. Daimler said in a statement on Tuesday that the dealership in Xi'an city in the northwestern province of Shaanxi had reached an agreement with the customer and was investigating its customer service and business operations, and had suspended the franchise in the meantime. It made no further comment about the move, which came after a video emerged on Chinese social media showing an unhappy Chinese customer protesting at a dealership, and which also prompted a critical response from regulators.
Daimler's China chief said sales rose 3 percent in the first quarter, defying an overall downturn in demand in the world's biggest car market, thanks to robust demand for ultra luxury vehicles like the Mercedes S-Class Maybach. Demand is more than 600 a month," Daimler's China chief Hubertus Troska told reporters at the Shanghai Auto Show. China's move to lower value added tax will help boost overall demand for cars for the rest of the year, Troska added.
SHANGHAI (Reuters) - Daimler plans to launch an electric compact sport utility vehicle in 2021 which will be called the Mercedes EQB, the German carmaker's CEO said on Tuesday. Dieter Zetsche made the ...