|Bid||8.54 x 34100|
|Ask||8.55 x 39400|
|Day's Range||8.33 - 8.60|
|52 Week Range||7.41 - 12.15|
|Beta (3Y Monthly)||0.67|
|PE Ratio (TTM)||5.54|
|Earnings Date||Jan 23, 2019|
|Forward Dividend & Yield||0.60 (7.18%)|
|1y Target Est||9.99|
The Lincoln Continental Coach Door Edition was announced just late last year, but now we have news that it's coming back for a second run of cars. Lincoln wouldn't give an exact final price, but says it's somewhere north of $110,000. A fully-loaded Black Label car goes for a bit over $70,000, so it appears to be about a $40,000 premium for the Coach Door Edition.
Fiat Chrysler CEO Jim Manley plans to expand the company's factory operations to build its popular Jeep SUVs. Pickups built in a converted factory in Sterling Heights, Michigan, generate a disproportionate share of FCA's earnings. As head of Fiat Chrysler FCA-IT 's Jeep and Ram brands, the 54-year-old Brit was considered the front-runner to replace CEO Sergio Marchionne when he was set to retire in mid-2019.
Ford's (F) F-Series pickups sustain its sales record in 2018. However, mounting costs are likely to impact the company's fourth-quarter earnings.
While markets broadly marched higher on Friday, shares of Tesla (NASDAQ:TSLA) headed sharply in the opposite direction. Why? The electric vehicle maker said it will cut about 7% of its workforce due to a combination of depressed profitability this quarter and a desire to keep making money while selling lower-priced vehicles. Following the company's email announcement, TSLA stock dropped about 13%. The knee jerk reaction in Tesla stock makes sense. Without a doubt, the company email is a profit warning. Tesla reported a sizable 4% profit margin last quarter, one that was artificially high due to preferential selling of higher-priced Model 3 variants. This one-time margin tailwind won't persist. Instead, it will turn into a headwind as the company sells cheaper Model 3s in 2019. Tesla can't make a profit selling those lower-priced cars with its current cost structure, so they are removing costs by cutting jobs. It's worth noting that Friday's decline was the seventh-steepest since the Tesla's 2010 IPO; the shares sank almost 14% on Sept. 28 after the Securities and Exchange Commission sued CEO Elon Musk for fraud. InvestorPlace - Stock Market News, Stock Advice & Trading Tips None of that is great news. As such, the drop in TSLA stock makes sense on the surface. But on closer inspection, this dip is a buying opportunity when markets open tomorrow. This isn't the first time Tesla announced widespread layoffs in an attempt to boost profitability. Prior job cuts boosted profitability without compromising revenue or innovation. The same should happen this time around. Also, net hiring is still up big on a two-year basis. The company simply over-hired in order to boost Model 3 production in late 2018. These firings bring Tesla back to industry normal revenue-per-employee levels. * 7 Stocks at Risk of the Global Smartphone Slowdown Overall, the layoff announcement isn't a big deal. It's simply normalization, and actually boosts the company's medium-term profit outlook. As such, the long-term bull thesis remains intact, and investors should consider buying Tesla stock again as it closes in on $300. ### Not TSLA's First Profit Warning The market is acting like this Tesla company e-mail reveals something new. It doesn't. Tesla has been beating the "we are going to cut jobs in order to boost profitability because we operate in a tough industry with low margins and want to sell cheaper cars" drum for a long time now. Last June, CEO Musk sent out a company email revealing that the car maker was going fire 9% of the workforce in order to drive a profit amid the ramp on lower-priced Model 3 production. Over the following months, Model 3 production ramped to mainstream levels, the company sold and delivered a bunch of those cars, and margins roared higher. Tesla ended up reporting a third-quarter profit margin of 4%, the most-impressive profit margin in the company's 15-year history. In other words, we've seen this rodeo before. The early 2019 version will play out much like the June 2018 one. Over the next several months, Tesla will pare its workforce by 7%. During that stretch, the company will sell a bunch of higher-priced Model 3 variants in Europe and Asia. That will keep margins in positive territory for the next few months as these layoffs play out. Then, once those folks are off the payroll and the cost structure has been reduced, Tesla will launch lower-priced Model 3 variants in the summer. Revenue will spike, and margins will remain positive, because the cost structure has been appropriately reduced. As such, by the middle of the year, these job cuts will allow Tesla to report record profits and margins. ### Reduction is Normalization Without Value Loss In the big picture, the workforce reduction at Tesla is simply a normalization in the employee base without a tremendous loss of value. * 7 Retail Stocks to Buy for the Rise of Menswear Consider this: Tesla has about 45,000 employees and revenue of around $20 billion. That means the company's revenue per employee clocks in around $450,000. Ford (NYSE:F) and General Motors (NYSE:GM) have historically operated around $700,000 to $800,000 in revenue per employee, according to corporate reports. Doing the math, if Tesla reduces its workforce by 7% to ~42,000, and revenue come in around $30 billion next year, then TSLA revenue per employee will be around $700,000, or more of the industry norm. Moreover, if you consider that Tesla grew its workforce by 30% in 2017 and is now trimming that back by just 7%, the implication is that they are firing people who have been there less than a year, and were just hired to ramp Model 3 production. That isn't a big long-term value loss. ### Bottom Line on TSLA Stock A close look at Tesla's layoff announcement doesn't reveal any red flags that warrant a near-13% sell-off in Tesla stock. As such, this dip is a buying opportunity. Investors should watch the $300 level closely. The TSLA stock price has historically held that level many times before. It should hold again this time. As of this writing, Luke Lango was long TSLA. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Companies Apple Should Consider Buying * 7 Beaten-Up Housing Stocks Due for a Bounce Back * Take Buffett's Advice: 5 Vanguard Funds to Buy Compare Brokers The post Here's Why You Should Buy The Job Cuts Dip In Tesla Stock appeared first on InvestorPlace.
China’s economic growth dropped to its slowest annual rate in almost three decades last year as the US trade war and Beijing’s crackdown on a debt-fuelled corporate spending spree took their toll on Chinese companies and consumers. The 6.6 per cent increase in gross domestic product in 2018 was the lowest since 1990, when China was reeling from international sanctions following the Tiananmen Square massacre. It was down from 6.8 per cent in 2017.
It's the last year that the North American International Auto Show -- informally known as the Detroit Auto Show -- will be held in January. If you can't make the show or want a preview of what you'll get to see, click through to get an idea of what's on display at the 2019 Detroit Auto Show! This 5.2-liter V8 promises 700-plus horsepower and Ford says it goes 0 to 60 mph in around 3.5 seconds.
Investing.com - Trade rhetoric could hang over the market in the coming week, as investors watch further developments surrounding the ongoing trade spat between the U.S. and China.
# Ford Motor Co ### NYSE:F View full report here! ## Summary * Perception of the company's creditworthiness is negative and weakening * ETFs holding this stock are seeing positive inflows but are weakening * Bearish sentiment is low * Economic output in this company's sector is expanding ## Bearish sentiment Short interest | Positive Short interest is low for F with fewer than 5% of shares on loan. The last change in the short interest score occurred more than 1 month ago and implies that there has been little change in sentiment among investors who seek to profit from falling equity prices. ## Money flow ETF/Index ownership | Neutral ETF activity is neutral. The $2.05 billion in inflows that ETFs holding F received over the last one-month is a decline from earlier in the period and among the weakest of the past year. ## Economic sentiment PMI by IHS Markit | Positive According to the latest IHS Markit Purchasing Managers' Index (PMI) data, output in the Consumer Goods sector is rising. The rate of growth is strong relative to the trend shown over the past year, and is accelerating. ## Credit worthiness Credit default swap | Negative The current level displays a negative indicator with a weakening bias over the past 1-month. F credit default swap spreads are at their highest levels for the past 3 years, which indicates the market's more negative perception of the company's credit worthiness. Please send all inquiries related to the report to email@example.com. Charts and report PDFs will only be available for 30 days after publishing. This document has been produced for information purposes only and is not to be relied upon or as construed as investment advice. To the fullest extent permitted by law, IHS Markit disclaims any responsibility or liability, whether in contract, tort (including, without limitation, negligence), equity or otherwise, for any loss or damage arising from any reliance on or the use of this material in any way. Please view the full legal disclaimer and methodology information on pages 2-3 of the full report.
Tesla (TSLA) stock tanked 13% Friday after CEO Elon Musk announced that the company will cut 7% of its workforce in an effort to sell more affordable Model 3 electric sedans. Despite the massive one-day decline, Tesla's longer-term outlook appears solid.
Messemer's expertise in working with clients in banking and finance and grappling with rapid change will be useful in her board service.
Top 3 Things Elon Musk Said Today- That You Might Have MissedTesla The broader market saw its fourth consecutive positive session today after reports of a potential positive development in US–China trade relations. But multibillionaire Elon
venerable horsepower-heavy F-150 pickup truck very soon will be available for purchase without an engine. After more than 40 years on the market, the company's highly popular "Built Ford Tough" pick-up will be going electric, according to Jim Farley, Ford's president of global markets. "We're going to be electrifying the F-Series - battery electric and hybrid," Farley said during a presentation at the Deutsche Bank Global Automotive Conference in the MGM Grand in Detroit on Friday.