|Bid||36.00 x 3200|
|Ask||36.70 x 900|
|Day's Range||35.91 - 36.57|
|52 Week Range||34.50 - 46.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Oct 31, 2018|
|Forward Dividend & Yield||1.52 (4.19%)|
|1y Target Est||46.63|
The Saudi Kingdom's Public Investment Fund (PIF) might not be willing to bankroll Tesla Inc.’s ( TSLA) plans to go private after all. Sources believe a deal for Lucid, a manufacturer of luxury electric automobiles, would make more sense for the sovereign wealth fund, enabling it to achieve its goal of diversifying its oil portfolio without breaking the bank.
The Ford Motor Company (NYSE:F) has proven itself to be exceptionally resilient in the face of market challenges. It lobbied for, and received, a $9 billion line of credit from the government in case of a prolonged economic downturn, as well as a $5.9 billion loan to cover the costs of updating its manufacturing facilities in order to build more fuel-efficient vehicles. Ford also revised its earnings per share guidance downward, guiding for full-year earnings per share of $1.30-$1.50.
Car makers are collecting massive amounts of data from the latest cars on the road. With millions of cars rolling off dealer lots with built-in connectivity, auto companies are gaining access to unprecedented amounts of real-time data that allow them to track everything from where a car is located to how hard it is braking and whether or not the windshield wipers are on. The data is generated by the car’s onboard sensors and computers, and then stored by the auto maker in cloud-based servers.
Ianthus Capital Holdings Inc. (OTC: ITHUF), a vertically integrated cannabis operating company with operations in six states, is excited for the future of an industry for which the “tide is turning,” CFO Julius Kalcevich said during the conference. The estimated market demand for recreational cannabis is $50 billion, which is more than double the market for doughnuts at $19.9 billion, he said. Canada is certainly a big market for Aurora Cannabis (OTC: ACBFF), but the company is focused on the international market, which is the "big prize," said Marc Lakmaaker, Aurora's vice president of investor relations.
Early in 2011, two top engineers for Google traveled together to Detroit on what amounted to a diplomatic mission. “The idea was, if you’re going to make self-driving cars, you have to work with a car company,” recalls Chris Urmson, who made the trip with fellow engineer Anthony Levandowski. In meetings with a prime parts supplier to the car makers and then with the senior leadership of a major auto company, the pair gave presentations on their vehicle’s capabilities, the number of miles it had driven and the broad strokes of how their self-driving software saw the road.
For the good of Tesla, Elon Musk should step aside, former vice chairman of General Motors Bob Lutz told CNBC on Friday. J.P. Eggers, associate professor at New York University's Stern School of Business, said that might benefit Tesla, but he's not so sure Musk would be willing to stay on with the company in a secondary role.
A company owned by Elon Musk that is trying to lower the cost of building high-speed transit tunnels has asked the Trump administration to exempt it from tariffs for some Chinese-made tunnel boring machine components, warning the tariffs could significantly delay a planned tunnel between New York and Washington. In a July 31 letter posted last week on a government website, the Boring Co asked the U.S. Trade Representative to exempt parts like cutterheads, screw conveyors and related machinery.
Tesla (TSLA) CEO Elon Musk was interviewed by the New York Times on August 16. In the candid interview, Musk answered a variety of questions that have been puzzling Tesla investors since he tweeted on August 7 that he’s “considering taking Tesla private at $420.
On this week's Autoblog Podcast, Editor-in-Chief Greg Migliore is joined by Senior Editor Jeremy Korzeniewski and Associate Editor Joel Stocksdale. We discuss the just revealed 2018 Ford Mustang Cobra Jet drag car, along with our driving impressions of the 2019 Chevy Silverado and the 2018 Subaru BRZ tS.
NEW YORK/BOSTON (Reuters) - Several Tesla Inc shareholders have told Reuters they are concerned that the electric car maker will have to pay more to fund its growth if it becomes a private company and loses the ability to sell new shares to stock market investors. The issue has come to the fore as a special Tesla board committee considers Chief Executive Elon Musk's idea of taking the loss-making company private in a deal that could be worth as much as $72 billion. Tesla, whose bonds are rated "junk" by credit rating agencies due to its $11 billion debt pile and its negative cash flow, has tapped the stock market six times in the last eight years through share sales, raising nearly $4.3 billion, according to data from Dealogic.
The electric car maker's stock was set for its worst day in nearly five months as Musk's comments come at a time when federal regulators are pressuring Tesla's directors for details on how much information he shared with them. The paper also reported that efforts were underway to find a No. 2 executive to help take some of the pressure off Musk, who has been dealing with production issues for its key Model 3 sedan and criticized for his erratic behavior on Twitter. "There are growing concerns that the board may consider changing his specific role from CEO and chairman and there could be pressure from the SEC to do this as well based on his tweeting activity," said Ivan Feinseth, analyst at Tigress Financial Partners.
Morgan Stanley lowers its price target for General Motors shares, citing a car sales slowdown in China. The firm's analyst Adam Jonas says the carmaker has the biggest exposure to China in terms of “profitability and cash flow" among its U.S. peers. Morgan Stanley's outlook on General Motors GM shares has dimmed due to the escalating trade war between the U.S. and China.
Can America Be Great Again without a Strong Auto Industry? In the previous part of this series, we discussed how President Donald Trump has criticized automakers (XLY) for moving their production outside the US. To avoid being on Trump’s hit list, many companies such as Ford (F), General Motors (GM), and Fiat Chrysler (FCAU) have highlighted plans to increase their investments in the US.
General Motors (GM) has had a tough year, and things might not get much easier in the near future. Where we were: GM has struggled this year, hurt by concerns about tariffs. Where we're headed: Trade tensions aren't the only issue GM's China joint venture faces, but the shares have gotten low enough that they're still worth the risk, says Morgan Stanley.
According to the latest data compiled by Reuters, 54% of the analysts covering Advance Auto Parts (AAP) recommended a “buy,” 38% recommended a “hold,” and 8% recommended a “sell.”
In the previous part of this series, we explored how Wall Street analysts are rating the top two US auto giants, General Motors (GM) and Ford (F). Currently, a higher percentage of Wall Street analysts favor a “buy” on GM stock, and analysts believe it has higher upside potential as compared to Ford stock. Note that General Motors (GM) stopped reporting its monthly sales data in March. The actual numbers for US auto sales in the second quarter are expected to be released in the first week of July after GM reveals its sales numbers for the quarter. In H1 2018, GM’s US sales rose 4. ...
If there's anything that proves Detroit's motor-oil-in-the-veins, gearhead bonafides, it's the annual Woodward Dream Cruise, which will bring an anticipated 1.5 million or so people from near and far, plus tens of thousands of classic and custom and just plain weird cars, to a 16-mile portion of Woodward Avenue on Saturday for the 24th year. Loved by gearheads, collectors and the merely curious, who see it as the Motor City's version of Mardi Gras, and loathed by others, who deride it as the world's largest traffic jam, the Dream Cruise is nothing if not an explosion for the senses. The Cruise will officially go from 9 a.m. to 9 p.m., though of course cruisers have been out already for weeks.
Since the time Donald Trump began his presidential campaign, he has targeted automakers (XLY) like Ford Motor Company (F) for the decision to move car production to Mexico. Since coming into power, Trump has kept a close eye on automakers to make sure they don’t move their car production out of the US.
According to the recent data compiled by Reuters, only 18% of analysts covering Ford stock (F) gave it “buy” ratings. By comparison, a much higher percentage of about 57% of analysts covering GM stock gave it “buy” ratings. These ratings were based on the consensus of 22 analysts covering Ford and 21 analysts covering GM as of August 14, 2018.
In July 2018, Ford Motor Company (F) sold about 69,994 units of SUVs (sports utility vehicles), a 1.5% drop YoY (year-over-year). On the brighter side, the sales of the company’s truck segment saw strong gains of ~10.2% to 89,153 units in July 2018 from 80,886 units sold in July 2017.
It hasn’t been easy for General Motors (NYSE:GM), Fiat Chrysler (NYSE:FCAU) Daimler (OTCMKTS:DDAIF) or even Ferrari (NYSE:RACE). F stock is down a whopping 24% so far this year and more than 20% since early June. Now yielding 6.4%, many investors are wondering if Ford is a screaming buy.
The patent papers featured drawings of a C7 Chevrolet Corvette, and described aero aids that the system could operate on, including a front splitter, air dam, grille shutters, and rear diffuser. Last month, GM had another three patents published for specific active aero mechanisms: active side skirts, active spoilers, and downforce-generating ducts. The application again used C7 Corvette drawings, leading people to believe that the C8 is in line for the aero gadgets.
Advance Auto Parts (AAP) generates its revenues by selling auto parts and accessories mainly in the United States, Puerto Rico, Canada, and the US Virgin Islands. The company provides auto parts to DIY (do-it-yourself) customers and offers professional installation services.
Yahoo Finance's Seana Smith, Andy Serwer, and Jen Rogers sit down to discuss Tesla CEO Elon Musk's emotional interview with the New York Times.