|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||38.69 - 39.00|
|52 Week Range||30.21 - 39.18|
|PE Ratio (TTM)||6.76|
|Dividend & Yield||1.52 (3.91%)|
|1y Target Est||N/A|
This millennial woman drove the Cadillac CTS-V Sedan and men just couldn't believe it. All in all, this was one sweet ride.
Most people think of Tesla Inc (NASDAQ:TSLA) as a maker of high end electric cars. Indeed, just this summer Tesla made a big splash with its Model 3, releasing the company’s first “affordable” electric car. While this certainly is good news for TSLA stock holders, it really is not the reason investors should like the stock and the company.
Mizuho's Vijay Rakesh and Jason Getz met with SAIC Motor, which is one of China's largest auto suppliers and also a partner of General Motors (GM) and Volkswagen (VLKAY), which makes them more confident in the electric vehicle (EV) market in the nation. Rakesh and Getz expect SAIC (formerly Shanghai Automotive Industry Corporation) to introduce seven new EV models next year: Three of its own and two each from GM and Volkswagen. They write that EV is less of a challenge for the European automakers, but SAIC faces some challenges with the models, as its profit margins are "much slimmer:" they estimate in the low single digits.