F - Ford Motor Company
8.89 0.00 (0.00%)
After hours: 6:45PM EST
| Previous Close | 8.71 |
| Open | 8.80 |
| Bid | 8.88 x 45100 |
| Ask | 8.88 x 39400 |
| Day's Range | 8.77 - 8.90 |
| 52 Week Range | 7.41 - 10.56 |
| Volume | 32,018,744 |
| Avg. Volume | 35,098,067 |
| Market Cap | 35.248B |
| Beta (3Y Monthly) | 1.07 |
| PE Ratio (TTM) | 22.23 |
| EPS (TTM) | 0.40 |
| Earnings Date | Feb 4, 2020 |
| Forward Dividend & Yield | 0.60 (6.89%) |
| Ex-Dividend Date | 2019-10-21 |
| 1y Target Est | 10.16 |
- MarketWatch
Tesla’s Cybertruck looks weird, financial analysts say, but it could find fans
For Tesla Inc.’s Cybertruck, beauty is in the eyes of the believers, while the rest wonder who is going to buy that thing beyond the hard-core fan base.
- Bloomberg
Tesla Truck Demo Gets Awkward as Shatterproof Windows Shatter
(Bloomberg) -- Tesla Inc. Chief Executive Officer Elon Musk took to the stage late Thursday to reprise a familiar role: pitching a future vehicle to a throng of adoring fans. This time, it was the “Cybertruck” -- his name for Tesla’s new electric pickup.The angular vehicle, which has a stainless-steel skin, starts at $39,900 and will come in three variants, Musk told a packed audience in Hawthorne, California. Customers can order the truck with a deposit of just $100, though production “nears in late 2021,” Tesla said on its website.After a “Blade Runner”-inspired introduction, Musk had Tesla’s long time chief designer, Franz von Holzhausen, smash the truck’s steel exterior with a sledgehammer, showing that it did not dent.But it was the second demonstration, of “Tesla armor glass,” that was the real show stopper: von Holzhausen unintentionally shattered two of the truck’s windows with a metallic ball, causing Musk to say “Oh my f---ing god.” Given how product launches are usually scripted and rehearsed, the broken windows were the evening’s big surprise.Tesla shares fell 6.1% to $333.04 on Friday, the sharpest decline in almost two months.The evening began with a slide show of standard pickup trucks throughout the years, and Musk’s vow to make something different that runs on sustainable energy.“You want a truck that’s really tough, not fake tough,” Musk said, in what seemed to be a veiled swipe at Ford Motor Co.’s slogan. “A truck you can take a sledgehammer to that doesn’t dent.”Some industry veterans said Tesla will likely have to tone down the design specifications to make it commercially viable. “It’s science fiction. If it ever comes to pass, it will look different and have different specs,” Bob Lutz, a former senior executive who worked at all three Detroit automakers before retiring, said in an email. “A bold new design direction, but in my view not appealing or commercial.”Not for ContractorsTesla fans in the audience liked what they saw.“It’s like something out of a movie set,” said Elizabeth Lepek of Marina del Rey, California, a current Tesla Model X owner who placed a $100 deposit for the Cybertruck. “It’s so futuristic. I like the design of it. There’s nothing quite like it on the road.”But traditional truck buyers are a tougher audience and less likely to be impressed by Silicon Valley sizzle.“It misses the core truck buyer,” said Gene Munster, a managing partner at venture capital firm Loup Ventures. “A contractor is not going to show up to a work site in this truck. That said, Tesla will still sell some of them.”More: You Think the Tesla Cybertruck Looks Stupid? OK, BoomerThe hashtag cybertruck quickly began trending on Twitter as potential customers started sharing their views about the futuristic design -- and the window snafu.And though it will take a long time before the Cybertruck hits the streets, that’s something Tesla customers are used to. Musk unveiled a Semi truck two years ago, but that vehicle has yet to enter volume production.Musk tweeted Friday the truck also will offer an optional two-person all-terrain vehicle, signaling Tesla’s plan to enter the off-road vehicle market.The lucrative full-size pickup market in the U.S. is dominated by the Detroit 3: Ford Motor Co.’s F-150, Fiat Chrysler Automobiles NV’s Ram 1500 and General Motors Co.’s Chevy Silverado. Japanese automakers have spent two decades and billions of dollars to get in on the gravy train, but U.S. brands still control almost 92% of the half-ton segment, according to IHS Markit.More: Tesla’s Mocked Cybertruck May Be Brilliant, Car Designer Says“The design will be questioned, but over time the specs will help win over pickup loyalists,” said analyst Ben Kallo of Robert W. Baird. “But the volumes are expected to be low, and the Model 3 and Model Y continue to be the focus.”(Updates with industry executive comment from eighth paragraph)\--With assistance from Thuy Ong, Natnicha Chuwiruch, Derek Wallbank and David Welch.To contact the reporters on this story: Dana Hull in San Francisco at dhull12@bloomberg.net;Ed Ludlow in San Francisco at eludlow2@bloomberg.netTo contact the editors responsible for this story: Chester Dawson at cdawson54@bloomberg.net, Ville HeiskanenFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
- Investor's Business Daily
Tesla Stock Drops As Cybertruck's Shattering Debut Delights And Confuses
Tesla stock dropped Friday, following the unveiling of its high-tech "Cybertruck" that cheered Tesla fans but caused some head scratching by Wall Street analysts over its bizarre design.
- Barrons.com
Analysts Weigh In on Tesla’s Cybertruck. It Isn’t Pretty.
“While the Cybertruck seems plenty capable, we don’t believe that Tesla is going after the heart of the market and the work/utility crowd here,” wrote RBC Capital Markets’ Joseph Spak.
- Barrons.com
Tesla Revealed Its ‘Cyberpunk’ Pickup Truck. What You Need to Know.
The much anticipated truck from Tesla can tow 14,000 pounds, and the base model is priced under $40,000. How does it look? Triangular.
- American City Business Journals
Ford and BBDO go for high drama in Mustang Mach-E ad campaign
Vehicles don’t come more iconic than the Ford Mustang, a car that seemed destined for automotive immortality from the moment it debuted in 1964. Ford has just lifted the curtain on the newest iteration of that classic car — the all-electric SUV-styled Ford Mustang Mach-E. It fell to BBDO New York to develop an ad campaign befitting a vehicle with such a distinguished heritage. For the new marketing campaign, BBDO tapped English actor Idris Elba to take center stage as the Mustang Mach-E’s brand ambassador.
- MarketWatch
Tesla might be the next Apple and Elon Musk the heir to Steve Jobs
Throughout my analysis of Tesla, I have compared Tesla to Apple, the Model 3 to the iPhone, and Telsa founder Elon Musk to Apple co-founder Steve Jobs. What I am struggling with is this: Can Tesla become as successful as Apple, and can Tesla cars turn into an iPhone-like franchise, taking electric-vehicle market share from nothing to 10% to 30% of the global automobile market? Tesla (TSLA) has many advantages.
- Zacks
Tesla Pickup Unveiled, But Will It Be First to Market?
Tesla (TSLA) CEO Elon Musk has finally unveiled his pet project.
- American City Business Journals
Tesla has seen the future of pickup trucks, and it’s vaguely retro-futuristic (images)
Tesla Inc. has unveiled its vision for the next generation of pickup truck — and it somehow manages to be both futuristic and retro at the same time. Ford and GM are also preparing to launch their own electric pickups in late 2021, and Rivian — a startup with $500 million in Ford funding — plans to build its own electric truck in late 2020.
- Zacks
General Motors Recalls 640,000 Pickups Over Seat Belt Issues
While General Motors (GM) reports two fires due to seat belt concerns, the issue has not resulted in any injuries.
- Bloomberg
Tesla’s Cybertruck Is Designed to Shatterproof Its Stock
(Bloomberg Opinion) -- Who really needs bullet-proof glass, anyway? The president, yes, but him aside, it’s a niche market. Come to think of it, who even needs trebuchet-proof glass? Granted, the “transparent metal” windows on Tesla’s “Cybertruck” didn’t stand up to the literal slings at its unveiling in Los Angeles on Thursday night. But as long as you aren’t planning on off-roading into the middle of a medieval siege, you’re probably good.The more pertinent question, perhaps, is who really needs this truck?One way to answer that is to think of the Cybertruck as an actual truck. Its, er, radically angular design represents a departure in more ways than one (you can take in its planar splendor here). No other truck, or pretty much any other vehicle, looks like it. The specs, particularly at the high end, sound formidable, with Tesla boasting 500+ miles of range and a towing capacity that beats Ford Motor Co.’s F-150. It can also, according to Tesla’s video, outrace a Porsche. And it runs on electricity, of course.It also represents a departure from Tesla’s approach to date. The thing about the Models S and 3, and the X up to a point, is that they emulated the shape of the cars you know. Without an engine, there’s no compelling reason for the S to have that regular hood other than it getting you comfortable with the idea of driving an electric vehicle. Even the Tesla Semi, unveiled in similar fashion almost exactly two years ago, looked like a semi with some attitude. But with this pickup, CEO Elon Musk actually kicked off Thursday’s festivities by scrolling through pictures of old truck models and mocking how boring and uniform they are.There is a well-established school of thought which holds that many truck drivers prefer boring. Sure, anyone splashing out on, say, the rolling palace that is an F-150 King Ranch probably isn’t doing so purely for its drywall-carrying capabilities. But just as the boasts about the Tesla Semi’s acceleration were a bit odd — do you really want your driver gunning it with a payload of forklifts? — so the Cybertruck’s polyhedral aesthetic and features such as adjustable air suspension appear more suited to the smaller crowd not planning on hauling around a lot of drywall. Analysts at Evercore ISI estimate it would be tough for Tesla to hit 50,000 units in two years, when it is supposed to go on sale. Even at that level, at $50,000 a pop the theoretical revenue of $2.5 billion compares with an existing consensus revenue estimate for Tesla in 2022 of almost $42 billion.Strikingly, you only have to put up $100 to reserve your place in line for the Cybertruck. That’s way lower than $1,000 for the Model 3 or the $2,500 required for the forthcoming Model Y. On that point, I also couldn’t help noticing how the Cybertruck was unveiled in the full glare of the spotlight, as opposed to the chiaroscuro debut of the far more critical, from a business perspective, but relatively humdrum Model Y back in March.It all suggests the Cybertruck might better be understood at this moment as more than just a truck. The thing is, that snafu with the smashed windows will likely be laughed off by Tesla bulls. They have, after all, already laughed off multiple missed deadlines, almost laughable governance, the SolarCity debacle (which is ongoing in the form of mind-boggling court depositions from Musk and others), “funding secured,” bewildering executive turnover and multiple transfusions of capital.That last point is linked to why, as I wrote here, Tesla’s stock price appears to drive strategy and operations, rather than the other way around. The Cybertruck’s futuristic look and vaunted specs and pricing — which aren’t due to prove out for a couple of years at least — come just as Tesla’s sales growth has stalled. Meanwhile, consistent underspending on capex, even as bigger rivals are launching competing electric models, ought to raise concerns about the company’s ability to stay at the cutting edge. The stock has jumped recently nonetheless, in response to a surprise profit in the third quarter. But, as I wrote here and here, it was a mouse-sized swing on which to balance Tesla’s elephantine valuation. While Tesla expects the Model Y and Chinese Model 3 sales to help re-accelerate things soon, that’s already priced in (and then some) when your stock trades at 208 times GAAP earnings for next year. In that context, the Cybertruck is perhaps best understood as Tesla’s latest effort to bulletproof its own multiple(1).(1) Judging by Friday morning's sell-off, that effortcould probably use some "fixing in post", as they say.To contact the author of this story: Liam Denning at ldenning1@bloomberg.netTo contact the editor responsible for this story: Mark Gongloff at mgongloff1@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Liam Denning is a Bloomberg Opinion columnist covering energy, mining and commodities. He previously was editor of the Wall Street Journal's Heard on the Street column and wrote for the Financial Times' Lex column. He was also an investment banker.For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.
- MarketWatch
Earnings recession is expected to swallow all of 2019 after holiday forecasts disappoint
The holiday season is no longer expected to pull corporate earnings out of a recession that has lasted the entire year.
- Barrons.com
What Tesla’s Pickup Truck Might Mean for Ford and GM Stock
Update: Tesla unveiled its pickup truck Thursday in Los Angeles. The (TSLA) “cyberpunk” pickup truck is coming. Tesla’s reveal event—happening Thursday evening in Los Angeles—is a big deal for car people.
- Barrons.com
Tesla Is Launching a Pickup Truck. Here’s What Wall Street Is Saying.
Elon Musk’s company is set to debut its first pickup truck Thursday evening in Los Angeles. Trucks are a little different than the company’s other luxury models, creating a lot of mystery around the launch.
- Barrons.com
Tesla Unveiled Its ‘Cyberpunk’ Pickup Truck. Can It Dethrone Ford and GM?
Trucks aren’t cars. That much investors already know. But just how Tesla’s “cyberpunk” truck will compete with truck incumbents such as Ford and General Motors is anyone’s guess.
- Reuters
UPDATE 4-Tesla's electric pickup breaks the mould with angular design and armored glass
Tesla Inc on Thursday unveiled its electric pickup, a truck with a futuristic angular body in gunmetal gray that resembled an armored vehicle and takes aim at the heart of Detroit automakers' profits. At a launch event in Los Angeles, Tesla Chief Executive Elon Musk said other versions will be priced at $49,900 and $69,900 with the most expensive offering a range of more than 500 miles (800 km). By comparison, the current maximum range of a Tesla car is 370 miles for its long-range Model S sedan.
- Reuters
Ford's China JV with Changan to return to sales growth in 2020-president
GUANGZHOU, China/Beijing (Reuters) - Auto sales at Ford Motor Co's China venture with Chongqing-based carmaker Changan are likely to turn positive next year, Changan’s president said on Friday. The slide in Ford's sales has been unprecedented for a major global automaker in China. "There are good signs that Changan Ford's sales will get better," Changan president Zhu Huarong told Reuters on the sidelines of Guangzhou Autoshow.
- Financial Times
Tesla Cybertruck hauls relief for GM and Ford
Tesla’s futuristic pick-up truck has given investors reassurance the electric carmaker won’t encroach on Detroit’s territory. General Motors and Ford, whose trucks generate a large portion of their profits, will maintain their hold over the US truck market.
- Financial Times
How cars conquered the world
In the early 1960s, the Humble oil company, named after the Texan oil boomtown in which it was founded, embarked on an advertising campaign to persuade customers of the grandeur of its ambitions. It produced a striking illustration to make its point: an image of the Taku glacier in Alaska, one of the world’s deepest and most resilient ice masses.
- Benzinga
Tesla Unveils 'Bulletproof' Cybertruck With 'Unbreakable Glass'
Tesla Inc (NASDAQ: TSLA) presented its much-anticipated all-electric pickup “cybertruck” on Thursday. “We were able to achieve much better capability in the same size as the most popular truck in the U.S., the F-150,” Musk said, displaying the truck’s specifics. The Tesla truck will start at $39,900 without added incentives, much lower than the previously anticipated price of $50,000.
- American City Business Journals
C-Suite Rides: Ford tries to reinvent the Explorer for 2020 (PHOTOS)
Will the 2020 Ford Explorer be impressive enough to make our family consider trading in a venerable 1998 model? We’ll see.
- MarketWatch
Tesla ‘Blade Runner’ pickup truck could be so futuristic that it leaves buyers cold
Some on Wall Street are skeptical about the new Tesla Inc. pickup truck — it could be so futuristic that it would leave traditional pickup buyers unhappy with its design.
- Oilprice.com
Musk: Tesla Truck Will Crush The Competition
Elon Musk is making outrageous claims once again — this time about Tesla pickups that he says will be far better and more powerful than anything on the market
- Reuters
UPDATE 1-GM's electric pickup to hit dealer showrooms in fall 2021 -CEO
General Motors Co's first electric pickup truck model will go on sale in the fall of 2021, the company's top executive said, around the same time that electric carmaker Tesla Inc's own model is expected to debut. "General Motors understands truck buyers and ... people who are new coming into the truck market," Chief Executive Officer Mary Barra said at an investor conference in New York on Thursday. The No. 1 U.S. automaker has so far given few details on its planned line of electric pickup trucks.
- American City Business Journals
UAW deal could inject about $600M in new money into KC economy
New labor contracts for workers at Kansas City's two automobile production plants will bring an estimated $611 million in new economic impact for the area. We break down where that will come from.
