|Bid||136.67 x 900|
|Ask||136.72 x 1000|
|Day's Range||136.63 - 137.18|
|52 Week Range||111.12 - 137.19|
|Beta (3Y Monthly)||0.66|
|PE Ratio (TTM)||8.36|
|Forward Dividend & Yield||3.52 (2.59%)|
|1y Target Est||149.14|
To fix brake problem, General Motors (GM) is working on a corrective action involving reprograming of the Electronic Brake Control Module with a new calibration.
Toyota Motor Corp has started using the same type of battery that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, sources familiar with the matter said. Toyota is using Panasonic's cylindrical batteries in its new Corolla and Levin plug-in hybrid sedans launched in China this year, one of the people said.
Toyota Motor Corp has started using batteries that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, the Nikkei business daily reported on Friday. Toyota is using Panasonic's cylindrical batteries in its new Corolla and Levin plug-in hybrid sedans launched in China this year, the Nikkei said, without citing sources. Toyota, which also uses Panasonic's prismatic batteries for hybrids, is believed to have ordered about 50,000 of the cylindrical batteries, as the automaker struggles to secure stable supplies of high-quality batteries to meet growing demand, the paper said.
Toyota Motor Corp has started using the same type of battery that Panasonic Corp designed for Tesla Inc in some of its plug-in hybrids sold in China, sources familiar with the matter said. Toyota is using Panasonic's cylindrical batteries in its new Corolla and Levin plug-in hybrid sedans launched in China this year, one of the people said. The batteries are the same size as those that Panasonic makes for Tesla, but the composition is different, said the sources, who declined to be identified as the matter is private.
(Bloomberg) -- Put together the best solar panels money can buy, super-efficient batteries and decades of car-making know-how and, theoretically, a vehicle might run forever.That’s the audacious motivation behind a project by Toyota Motor Corp., Sharp Corp. and New Energy and Industrial Technology Development Organization of Japan, or NEDO, to test a Prius that could revolutionize transportation.“The solar car’s advantage is that — while it can’t drive for a long range — it’s really independent of charging facilities,” said Koji Makino, a project manager at Toyota.Even if fully electric cars overtake petroleum-powered vehicles in sales, they still need to be plugged in, which means building a network of charging stations across the globe. The sun, on the other hand, shines everywhere for free, and when that energy is paired with enough battery capacity to propel automobiles at night, solar-powered cars could leapfrog all the new-energy technologies being developed, from plug-in hybrids to hydrogen fuel-cell vehicles, in one fell swoop.But the current forecast is only partly sunny because there’s still some work left to reach that level of efficiency.“This is not a technology we are going to see widely used in the next decades,” said Takeshi Miyao, an auto analyst at consultancy Carnorama. “It’s going to take a long time.”Not for lack of trying. Toyota and Hyundai Motor Co. already introduced commercial models with solar panels on the roof, but they were too underpowered and could barely juice the sound system.A Prius plug-in hybrid that sells for more than 3 million yen offers solar panels as an option, but they only charge the battery when parked. The maximum amount of power for driving only lasts about 6 kilometers (about 4 miles), said Mitsuhiro Yamazaki, director at the solar energy systems division of NEDO.Toyota has been testing a new solar-powered Prius since July, though it acknowledges that cars running nonstop without connecting to a hose or plug are still far away. Even so, the Toyota City-based company said the research will pay off in other ways.Indeed, there have been some breakthroughs, mainly due to advancements by Sharp. The prototype’s solar panel converts sunlight at an efficiency level of more than 34%, compared with about 20% for current panels on the market.Because the solar cell being used by Toyota, Sharp and NEDO is only about 0.03 mm thick, it can be placed on more surfaces, including the curvy parts of the roof, hood and hatchback. The electrical system can charge the vehicle even when it’s on the move.If the car is driven four days a week for a maximum of 50 kilometers a day, there’s no need to plug into an outlet, NEDO’s Yamazaki said.Toyota’s bet on solar is one of many that Japan’s No. 1 carmaker is placing on the future of transportation. With Volkswagen AG and other auto titans facing uncertain futures as new technologies and business models ripple through the $2.23 trillion global industry, they’re investing billions of dollars in cars powered by electricity and hydrogen to keep apace.For more, read: Betting Like SoftBank Drives Toyota’s Value Up by $19 BillionChina also has explored efforts to tap the sun for transportation purposes. China tested an “intelligent highway” that buries solar panels, mapping sensors and electric-battery rechargers under transparent concrete, with the photovoltaic cells generating enough electricity to power highway lights and 800 homes.Hanergy Holding Group Ltd. introduced four cars powered by solar panels in 2016 as a way to expand the use of photovoltaic technology. The cars could be charged in daylight while driving, but they also contained lithium batteries for plugging in.NEDO started the current project in 2016 with the goal of achieving an output of 1 kilowatt in vehicles by using a solar-battery module with a conversion efficiency of more than 30%. Sharp, one of Japan’s largest makers of solar panels, is developing the solar-cell technologies with NEDO funding, while Toyota is responsible for making the system to convert energy into driving power.While the car’s greatest potential markets will be sunny climes, such as California and western China, NEDO will evaluate whether it’s also suitable for cities such as Tokyo, a key assessment for deciding whether to mass produce the vehicle, Makino said. The current trial is scheduled to run through March.If the solar-powered Prius can be made, it could compete with established manufacturers such as Hyundai and startups Karma Automotive and Lightyear. The Lightyear One is a $170,000 luxury electric car that, according to its developers, can drive almost 500 miles on a single charge.The startup, founded in 2016 by a group of Dutch engineering students, uses 54 square feet of solar panels on the roof and hood that add more than 7 miles each hour to the car’s driving range. Production is planned to start in 2021, and more than 100 cars have been preordered, the company said.Sharp’s solar cells more commonly are used for charging homes and satellites. Toyota’s demo car is covered by about 1,100 cells, each about the size of a business card, said Hiroyuki Juso, a senior manager at Sharp’s solar panel project. The expense of the cells makes mass production unlikely for now, he said.“There is potential in this technology,” Carnorama’s Miyao said.To contact the reporters on this story: Ma Jie in Tokyo at firstname.lastname@example.org;Kae Inoue in Tokyo at email@example.comTo contact the editors responsible for this story: Young-Sam Cho at firstname.lastname@example.org, Reed Stevenson, Michael TigheFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
The auto supplier, whose customers include Honda, Toyota and Nissan, will add more than 70 new jobs and invest $54 million in its Springfield plant, marking the third major expansion the company has made at the facility.
Rating Action: Moody's assigns A3 to Toyota Tsusho's US dollar bonds. Global Credit Research- 12 Sep 2019. USD 500 million of New Debt Securities Rated.
Inspired by new ultra-thin solar panels developed for satellites, a project led by Toyota Motor Corp is experimenting with a sun-powered Prius that it hopes will one day require no plugging in. In the Japanese government-funded demonstration project, Toyota engineers fitted solar panels designed by Sharp Corp to the hood, roof, rear window and spoiler to see how much juice the sun can generate. The electricity from the panels goes directly to the drive battery, so the Prius can charge while moving or when parked.
Moody's Investors Service ("Moody's") assigned a B2 Corporate Family Rating (CFR) and B2-PD Probability of Default Rating (PDR) to Cerence LLC ("Cerence") in connection with the company's expected spin-off from, Nuance Communications, Inc. ("Nuance" Ba3, Stable), and Cerence's concurrent proposed debt financing. Cerence's proposed $425 million senior secured term loan B and $75 million revolving credit facility were assigned ratings of B2, in line with the CFR.
News last week that the United States and China would resume negotiations next month sent stocks sharply higher. Astute investors may grow tired from watching markets go up or down on hope alone. Even without any solid trade terms, anticipation of a resolution is powerful enough to move stocks. The automotive sector is a beneficiary of the two countries backing down from tariffs. Currently, China is imposing tariffs on the U.S. with Ford (NYSE:F) most likely to feel the impact.Yet the trade war is not the only reason for investors to buy automotive stocks. Valuations are compelling and some of these companies reward investors with rich dividends.There are seven automotive stocks that investors should buy.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Automotive Stocks to Buy: Ford (F)Source: FotograFFF / Shutterstock.com Since peaking at $10.50 in July, Ford stock fell steadily and recently found a bottom at around $8.75. The company reported a weak quarter but the stock's drop increased its dividend yield to 6.3%. Ford is not without issues. It is recalling 482,520 vehicles in the U.S. because the mechanism that controls how seat backs recline may have been improperly assembled. This news is not a setback: The company is acknowledging a problem and fixing it.In July, the decline in automotive sales in China fell by just 4.3%. But with Ford still losing money in the region, the slowing decline is welcome news. In Q2, Ford said that it saw signs of stability in its business in China. Overall earnings before interest and taxes increased by 19%, supported by a broad-based improvement in market factors led by China, North America and Europe. In China, consolidated revenue grew 48% year-over-year driven by higher volumes of Ford's Lincoln model. Additional initiatives that enhanced capabilities and stronger ties with joint venture partners will lead to stronger performance in the region. * 10 Stocks to Sell in Market-Cursed September Ford stock is worth over $11 if, using a five-year revenue exit model, investors assume revenue growing 1%-3% annually. Similarly, analysts have an average price target of $11.36. This target is achievable if Ford's revenue rebounds in the quarters ahead. General Motors (GM)Source: Linda Parton / Shutterstock.com General Motors (NYSE:GM) shares may have bottomed recently below $36, as it trades currently in the $39 range. Investors flocked to the stock when trade tensions eased. The company reported Q2 results Aug. 1 and included a reaffirmed full-year earnings per share guidance of $6.50-$7.00 for the year. In the period, North American year-over-year results improved, led by growing truck sales. Average transaction prices and crossover delivers rose. Later this quarter, the start of the deliveries of the Silverado with an optional all-new Duramax turbo-diesel engine opens a new chapter in good fuel economy. And the unveiling of the 2020 Corvette Stingray to an audience of 300,000 should excite sports car enthusiasts.GM's Cadillac is in high demand, too. It sold more than 111,000 vehicles globally in the last quarter. It launched a new XT6 seven-passenger model in China and the U.S., giving it an edge over its competition in the high-growth, luxury SUV segment.To align its workforce to demand, GM has jobs for every employee affected by the restructuring. So far, around 1,700 of the 2,800 employees accepted a transfer to plants that support the company's growth segments. So, as the economic slowdown in China gets resolved, GM is in a good position to capture more market share while operating more profitably.GM shares trade at fair value but the stock has a dividend yielding 3.9%. Honda (HMC)Source: Jonathan Weiss / Shutterstock.com Honda (NYSE:HMC) shares bottomed at $23 in August and traded recently at $24.85. Valuations for HMC are even more compelling than for either F or GM stock. HMC stock has a dividend yielding 3.3% and a price-to-earnings ratio of 8.9. Last month, sales were at levels not seen in the company's history. It also set multiple all-time monthly records. Truck sales and passenger car sales lifted total sales to 173,993, up 17.6% year-over-year. All segments performed well, including the CR-V, Passport, Accord and Civic. Even sales of the tiny-but-gas-efficient Fit grew 58% year-over-year.In the first quarter, Honda reported a 0.7% drop year-over-year in revenue. Profits fell due to higher selling, general and administrative costs. Despite the weak quarter, higher research and development spending along with renewed demand should drive sales higher in the quarters ahead. On the balance sheet, higher operating margins from the motorcycle, financial services and automobile business should ensure that Honda meets full-year guidance. * 7 Safe Dividend Stocks for Investors to Buy Right Now Honda shares have a modest upside but also pays a 3.3% dividend yield that will keep investors happy. Cost reductions and favorable raw material pricing will also help the company meet its full-year 2020 targets. Fiat Chrysler (FCAU)Source: bondvit / Shutterstock.com Fiat Chrysler (NYSE:FCAU) shares may not have the same quality levels as a Ford or Honda, but investors are happy with the company's prospects. The stock bottomed close to $12, trading recently just below $14. With a trailing P/E of 6, this stock is among the cheapest. If investors decide the stock is worth a valuation closer to its peers, then the stock might even get to the Wall Street average price target of $19.73.FCAU stock is still enjoying a rally fueled by speculation the company is holding talks with Renault to merge. On paper, merging the two firms makes sense because a bigger company could compete more effectively. It could share costs and technology with Renault. Electric vehicle and autonomous vehicle development between the two firms would prevent the two from falling behind. Fundamentally, neither firm should be kept independent in the name of being a national asset. Both auto firms need a bigger resource pool to compete as global players. A merger should result in a better return on capital.On the charts, FCAU stock is at the cusp of breaking out of a year-long downtrend. A definitive merger would send the stock back to yearly highs. Toyota (TM)Source: josefkubes / Shutterstock.com Close to a 52-week high, Toyota (NYSE:TM) is not an ideal deep-value play. But at a trailing P/E of 8 and with a dividend yielding 3.3%, TM stock may still reward patient investors. In August, the company reported strong 12.3% growth on a volume basis, posting sales of 218,403 units. This is the best-ever August. Hybrid sales increased 68.3% in the Toyota division and 44.2% for the Lexus division, suggesting that investors benefit from the company's diversification from gas-powered vehicles.As the popularity of cars falls, Toyota is bucking the trend by reporting a 15.2% increase in Corolla sales. Highlander sales rose 21.7% while RAV4 sales were up 17.2%.Just as Ford paired with Volkswagen in a joint venture and Fiat may merge with Renault, Toyota and Suzuki invested in each other. Toyota is buying a 5% stake in Suzuki while Suzuki will buy $453 million of TM stock. The companies will share costs related to the development of new technologies, and primarily, self-driving cars. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off In its first-quarter earnings call, Toyota said it will address staff redundancies in the U.S. It will also reduce redundancy in accounting. To increase profit margin above the 8% level by the fiscal year 2021, it will increase the SUV/truck ratio. So long as customers demand such vehicle types, Toyota will adjust its product mix to meet their needs. Navistar (NAV)Source: Casimiro PT / Shutterstock.com Navistar (NYSE:NAV) is not technically a car company. As a truck supplier, its strong Q3 report and analyst price target that is 22% above the recent $25.35 closing price are two reasons to consider this stock.Navistar reported revenue growing 17% year-over-year, led by a 25% increase in truck revenue. Adjusted earnings before interest, taxes, debt and amortization rose 22% to $266 million. The adjusted EBITDA margin rose 8.7%, up from 8.4% last year. The company provided volume guidance for 2019 and 2020. While Class 6/7 and Class 8 units are both up in 2019, it will drop in 2020. Still, the company reaffirmed revenue of $11.3 billion -$11.8 billion.Importantly, Navistar's days sales inventory on-hand is on the decline. The normal range, established since 2014, is 80 days - 120 days. In July, it was at 85 days. The balance sheet remains strong, with manufacturing cash balance at $1.12 billion. It faces no debt maturities until the year 2025 when $1.6 billion is due.NAV stock does not offer a dividend but Wall Street forecasts upside through the three recent "hold" ratings and one "buy" posted by analysts. Similarly, investors may input assumptions in a five-year discounted cash flow growth exit model to arrive at a higher fair value target. Ferrari (RACE)Source: Kharchenko Olena / Shutterstock.com With a market capitalization of $37 billion, Ferrari (NYSE:RACE) is similarly sized to Ford but almost half the size of GM. Although the stock does not pay a dividend,it is growing at a healthy pace.In the second quarter, Ferrari reported total shipments growing 8.4% year-over-year to 2,671 units. Revenue rose 6.8%, adjusted EBITDA was up 8.7% to $346 million and the EBITDA margin was 32%. The company benefited from an increase in V8 models shipped, offset by a drop in V12 models falling by a few units. Geographically, sales to China rose due to a decision to speed up client deliveries ahead of new emission regulations.Ferrari confirmed its guidance will approach the high end of the range on all metrics. Volume increase for the 488 Pista and 488 Pista Spider, Portofino and the 812 Superfast is driving demand for cars and spare parts. Higher sponsorship levels from Formula 1 racing activities is likely contributing favorably to the full-year results.Ferrari does not need a dividend to increase shareholder value. It has a $1.65 billion multi-year share buyback program and will buy back $220.1 million in the second half of 2019. In the first half of the year, it bought back $165.5 million worth of shares.RACE stock is the most expensive of the stocks discussed, with a P/E of 34 times. But it earned that valuation. Its clientele is buying more units, driving revenue higher.As of this writing, Chris Lau held shares of F. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Stocks to Sell in Market-Cursed September * 7 of the Worst IPO Stocks in 2019 * 7 Best Stocks That Crushed It This Earnings Season The post 7 Automotive Stocks to Buy Now appeared first on InvestorPlace.
Since early June, when Tesla (NASDAQ:TSLA) stock sunk below $180, TSLA shares have been on a mostly upward trend. Yet this looks more like, well, a "dead cat bounce."Source: Sheila Fitzgerald / Shutterstock.com Keep in mind that -- for the year so far -- TSLA stock is off about 31%. Furthermore, when you take a longer view of Tesla stock, say during the past five years, the average return was -3.89%.Despite all this, the company has plenty of devoted fans. And yes, there are good reasons for this. The fact is that TSLA is obsessed with innovation. Because of this, the company has been up the game of old-line automakers like General Motors (NYSE:GM) and Toyota Motor (NYSE:TM).InvestorPlace - Stock Market News, Stock Advice & Trading Tips * 7 Best Stocks That Crushed It This Earnings Season TSLA has also been getting lots of traction with market share, with about 15% of the sales of luxury cars in the U.S. (It's actually a hefty 46% in California.) For this year, Tesla forecasts the delivery of 400,000 vehicles (although, this does look like a stretch goal).Another thing to consider: TSLA has a thriving battery business. Interestingly enough, it has become a significant revenue driver as the company continues to snag larger customers.And finally, with sophisticated tech systems, TSLA continues to accumulate large amounts of valuable data. This has not only helped with improving the autonomous driving capabilities but has opened up new business opportunities. The most recent example of this is the company's foray into the insurance business, which will initially be targeted in California. With the data advantage, TSLA will be able to offer major discounts on premiums -- but still allow for a potentially lucrative revenue stream. The Issues With TSLA StockSo with all the positives, why has TSLA stock been in a funk? Could it be that investors are missing the story here? Or perhaps there are some real issues?Well, I think the bears have the better arguments. For example, there are some tough macro headwinds. With oil prices languishing, there has been less of an advantage for EVs.It also does not help that global economic growth is trailing off. In such an environment, it will be tough to gin up demand for EVs. Note that during July there was a 14% drop in global EV sales (this was the first decline ever recorded), based on data from Sanford C. Bernstein. It looks like a key was a scaling back of subsidies in China. But there was still a drop in North America.Yet perhaps the biggest issue with TSLA is the baggage from its $5 billion acquisition of SolarCity, which was struck in 2016. At the time, there was certainly lots of skepticism. The founders of the company, Lyndon and Peter Rive, were cousins of TSLA's CEO, Elon Musk. Tesla, Musk and SpaceX also had major debt holdings in SolarCity.And besides, why get into the solar business, which is intensely competitive, in the first place?But Musk thought all this was overblown. He made various statements on how SolarCity would be a strong growth driver.However, since the deal, things have not turned out so well (just look at a recent piece in Vanity Fair). Consider that SolarCity continues to generate losses and requires large amounts of cash to finance the upfront costs for leases. The company has also suffered from a drop in market share, from about a third of the residential category to a mere 7% (this is according to Wood Mackenzie).Then there was the recent lawsuit from Walmart (NYSE:WMT), which has alleged that SolarCity panels have resulted in seven fires at its stores. The company is now demanding the removal of the solar panels in over 240 locations. Bottom Line On TSLA StockNow, TSLA has definitely been a agent of major change in the auto industry. There's little doubt about this. But again, the SolarCity deal is likely to weigh on the operations, in terms of the continuing losses, heavy debts and distraction. In the meantime, there is the potential slowing of the EV market as well as emerging competition. * 10 Stocks to Sell in Market-Cursed September Given all this, TSLA stock looks like something to avoid.Tom Taulli is the author of the book, Artificial Intelligence Basics: A Non-Technical Introduction. Follow him on Twitter at @ttaulli. As of this writing, he did not hold a position in any of the aforementioned securities.The post It's Still Not Time to Buy Tesla Stock appeared first on InvestorPlace.
For almost a year, Hiroto Saikawa defied gravity. Against expectations, Nissan’s chief executive survived the ousting of Carlos Ghosn, a damning corporate governance probe, accusations that he signed ...
- Upgraded Multimedia with Apple CarPlay, Android Auto and Amazon Alexa Capability - Electronically Power-Adjustable Seat Added on V6 Models SR5 and Up - New Multi-Terrain Monitor (MTM) and Panoramic View ...
CNH Industrial (CNHI) plans to separate the IVECO truck business from the agriculture and construction business, while recalls more than 550,000 trucks and SUVs in North America to resolve the vehicles' seat-back issue.
In honor of the just-released Porsche Taycan, here's a pop quiz: How long does it take for an electric sportscar to go from 0 to 90 miles per hour and back again?If you remember a few years back, electric motors weren't exactly known for speed. The first mass-market example was in Toyota Motor's (NYSE:TM) Prius, and to this day, everyone loves poking fun at the Prius hybrid. You can still find plenty of Prius jokes online.Well, we've come a long way. Wednesday afternoon, Porsche (OTCMKTS:POAHY) released the Taycan - which is fully electric, by the way - and is promoting its new model with a spectacular video of a test run aboard an aircraft carrier.InvestorPlace - Stock Market News, Stock Advice & Trading TipsBelow you see the Porsche Taycan gearing up (so to speak) on the USS Hornet's flight deck. In the video, which you can watch here, the car goes from 0 to 90 mph and then back to 0 mph in just 10.7 seconds.Source: Porsche.comI haven't had a car in a decade - having lived in big cities most of my life - and I'm normally a Tesla (NASDAQ:TSLA) Model S fan. But if I was in the market, I'd want this one! * 7 Stocks to Buy In a Flat Market Porsche seems to have overcome most of the worst stereotypes about electric vehicles (EVs):The 0-90-0 test run proves it can get up and go - the Porsche Taycan has a top speed of roughly 155 mph, comparable to the Model S in "Ludicrous" mode.Plus, Porsche says it can produce an impressive 40,000 Taycans in a year. That's comparable to Porsche's sedan, the Panamera… and it's about double Tesla's first-year production of the Model S! It's also double what Porsche originally had planned for the Taycan. But EVs are clearly in high demand.And, of course, the Taycan has Porsche's classic styling:Source: Porsche.comThe next hurdle to clear is range.The company is advertising a roughly 270-mile range for the Porsche Taycan. That doesn't quite measure up to, say, the Porsche 911 Carrera, which can get over 400 miles on a tank.The internal-combustion engine may be 100-year-old technology, but so far EVs have struggled to compete on range. That's largely due to severe limitations with the current batteries. Batteries 101Right now, EVs rely on the same technology first developed for Sony camcorders in the 1980s: the lithium-ion battery.It's the same battery you'll find in your smartphone and laptop, too. But to power something on the level of a Porsche Taycan, the lithium-ion battery becomes incredibly bulky.That bulk just amplifies one of the other problems with lithium-ion: It has a liquid electrolyte inside that is flammable.Remember the problems with the Samsung Galaxy Note 7? If you tried to bring the phone on an airplane, the flight attendants would confiscate it because the lithium-ion batteries had started catching fire. In early 2018, HP had to recall 50,000 laptops for a similar reason.But electric cars are the future - and, all over the world, regulators are "laying down the law" to get people to make the switch: from California to Germany and even China (which struggles with pollution).So, naturally, carmakers are revving up their search for an alternative battery.Porsche and other German automakers like Audi (OTCMKTS:AUDVF) and Mercedes all want next-generation batteries in their fleets as soon as possible. The German government is providing a $1 billion grant for battery research. Volkswagen (OTCMKTS:VWAGY) and BMW (OTCMKTS:BMWYY) have applied for their slice of that funding.In Japan, a "battery cartel" of sorts has sprung up. The Japanese government, too, is working with researchers - plus major names like Toyota and Panasonic (OTCMKTS:PCRFY) - to get this particular new technology to market. Toyota is pulling out all the stops to deploy it for mass production by summer 2020, when the Olympics come to Tokyo.Why? Well, with this battery, you could get DOUBLE the range after just 15 minutes of charging.Plus, you don't need the liquid electrolyte, so these batteries aren't flammable. In one memorable test, a startup called Ionic Materials shot its battery with a Remington .22. It took three bullets, did not catch fire, and kept working!As an investor, this technology is ideal for a pure play on the battery revolution. Invest Where "Big Auto" Is Dropping Major CashI often talk about "picks and shovels" investing. And that's because if you look back at the 1849 Gold Rush, it was the folks supplying the picks and shovels who ultimately got rich.Therefore, at Investment Opportunities, I'm recommending companies that supply this new technology -- nicknamed the "Jesus Battery."Any competitors that have it will CRUSH Tesla, which may as well flush all the money it's spending on lithium-ion batteries down the toilet. Find out exactly what makes this battery so miraculous here.If you ever wanted to invest in the coming electric car revolution, but weren't sure how, THIS is your chance.I know I do.So I found a company that holds key patents.Automakers like Toyota are relying on this tiny company for its electric cars. Yet the company is totally off the radar.That makes now the right time to get in… before everyone else. I've got a full presentation on the investment opportunity in this "Jesus Battery," which you can view for free by clicking here.Matthew McCall left Wall Street to actually help investors -- by getting them into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA) and +1,044% in Tesla (TSLA), just to name a few. Click here to see what Matt has up his sleeve now. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post Porsche Taycan: Do We Finally Have a "Tesla Killer"? appeared first on InvestorPlace.
Viral video footage might have reeled you in, but Costco's (NASDAQ:COST) venture in Shanghai, China is worthy of holding your attention. In this episode of Matt McCall's "Money Line" podcast, he talks about what the craze means for Costco stock and what savvy investors should be doing to ride the rotisserie-chicken-filled wave.If you haven't seen the videos, you might be a little confused. What's the big deal about COST stock? Well, as McCall highlights, Costco's grand opening in Shanghai is important for several reasons. It offers packaged, bulk goods that many Chinese consumers want. Plus, the Shanghai location also sells high-end cosmetics and designer handbags.Costco's management had to close the store's doors early Aug. 27 amid reports that wait times for parking spots topped three hours. Later that day, it took to WeChat to announce a new maximum capacity of 2,000 people.InvestorPlace - Stock Market News, Stock Advice & Trading TipsWhile McCall is still on the fence about buying his own Costco membership, he isn't on the fence about what this means for Costco stock. Tune in to learn how to play this retail trend. McCall's PodcastYou might remember that last week, McCall went head on with mainstream media organizations and "irresponsible" analysts. He's talking about ones that are searching for a recession around every corner. He still doesn't see one coming, and he has some advice if market fears are keeping you up at night. The fact that the S&P 500 is just 5% to 6% off an all-time high is reassuring, too.One thing McCall does see is a new trend for investors on the horizon. Fans of electric vehicles may know that lithium ion batteries, used to power such cars, have two major downsides. One, they rely on cobalt, primarily mined from geopolitically tense hotspots. Two, they are highly flammable. (Remember Samsung's phone scare?)But McCall sees solid-state batteries as the future because they offer less flammable, longer-lasting support. Their potential is in everything from EVs to smartphones. Subscribers to his VIP podcast or newsletters have access to an exchange-traded fund, of sorts. He's put together a list of plays in the solid-state battery space that are all up despite market volatility.Not a paid subscriber? Don't worry. Listen up for more on how General Motors (NYSE:GM) and Toyota (NYSE:TM) are positioning themselves for this up-and-coming trend. GM stock and TM stock are just two ways McCall highlights to get in on the trend.Tune in to "Money Line" for a review of Costco stock's crazy headlines, McCall's critiques of recession fearmongers and some takeaways on potentially the newest trend in the battery and electric vehicle space.Matthew McCall is the founder and president of Penn Financial Group, an investment advisory firm, as well as the editor of Investment Opportunities and Early Stage Investor. He has dedicated his career to getting investors into the world's biggest, most revolutionary trends BEFORE anyone else. The power of being "first" gave Matt's readers the chance to bank +2,438% in Stamps.com (STMP), +1,523% in Ulta Beauty (ULTA), +1,044% in Tesla (TSLA), +611% in Liquefied Natural Gas Limited (LNGLY), +324% in Bitcoin Services (BTSC), just to name a few. If you're interested in making triple-digit gains from the world's biggest investment trends BEFORE anyone else, click here to learn more about Matt McCall and his investments strategy today. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post VIDEO: Costco Stock Looks Enticing appeared first on InvestorPlace.
The decision by Tesla (NASDAQ:TSLA) to offer insurance on its own vehicles, starting in California, has created more buzz than may be warranted.Source: Vitaliy Karimov / Shutterstock.com While Tesla's cars are a curiosity in most of the country, they're common in California. Electric vehicles represent almost 8% of the market, and Tesla accounts for more than half that figure. Its Model 3 is the third best-selling car in the whole state, behind only Honda's (NYSE:HMC) Civic and Toyota's (NYSE:TM) Camry.By the end of 2018, Tesla had sold 532,000 cars and almost half were less than a year old. The average Model 3 owner is 46 -- although average ages of Model X and Model S owners are 52 and 54, respectively. The company says Tesla cars registered accidents once every 1.76 million miles, 2.87 million with the autopilot engaged. That's against an industry average of one accident per 436,000 miles.InvestorPlace - Stock Market News, Stock Advice & Trading TipsSounds like good odds to me. TSLA's NumbersDrivers on one Tesla forum say their insurance costs differ. ValuePenguin estimates the cost of insuring a Tesla at about $2,450 per year, or $200 per month. Tesla claims its rates will be about 20% below those of competitors. * 7 Best Tech Stocks to Buy Right Now This means if Tesla can get half its California owners to buy its insurance, it could bring in $500 million in cash over a year. The resulting business would still be tiny measured against the whole company. Tesla's batteries and solar panels currently bring in about $1.4 billion per year, according to the latest quarterly report.The question then becomes whether Tesla can make a profit on its insurance. The company has an enormous amount of data on its drivers, but that's not unusual. Many insurance companies offer to collect data on drivers in the name of low rates. Since Tesla is only offering policies in a state where it has significant market share, it can deliver parts and expertise easily to customers. It already has 28 service centers in California.Tesla could be a competitive player then, at least in California. Grabbing a bigger chunk of its loyal customers' business would be a small boost to the top line and, over time, to the bottom line as well. Tesla's SkepticsWarren Buffett is the CEO of Berkshire Hathaway (NYSE:BRK.A, NYSE:BRK.B), which owns Geico. He was skeptical when Tesla CEO Elon Musk first discussed insurance in April. He compared car companies selling insurance to insurance companies selling cars.Geico has 13% of the U.S. auto insurance market, writing $29.6 billion worth of policies per year on about 24 million vehicles. It's geared up to handle that business. Tesla isn't a threat to Geico, or any of the other large insurers. Even if every Tesla owner in California switched to Tesla's insurance, the company's share of the U.S. car insurance market would be less than 0.5%.So why has the move drawn so much commentary, especially skeptical commentary? The answer to that question is simple: it's Tesla. If Elon Musk announces a new cup holder, it draws headlines. The Bottom Line on TSLA StockThe bottom line on this announcement is that there's not much bottom line.Insurance isn't going to be a huge business for Tesla, and Tesla is not going to be a big factor in the insurance business.Tesla next reports earnings on Oct. 23. Analysts expect a loss of $1.40 per share, on revenue of $6.6 billion. That's about 10% more revenue than last quarter, and less than a year ago.That's what analysts are looking at and that's why the shares, while down 32% so far in 2019, still look overpriced. If Tesla wants to make shareholders happy, it needs to make more cars.Dana Blankenhorn is a financial and technology journalist. He is the author of the mystery thriller, The Reluctant Detective Finds Her Family, available at the Amazon Kindle store. Write him at email@example.com or follow him on Twitter at @danablankenhorn. As of this writing he owned no shares in companies mentioned in this article. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post Is Tesla's New Insurance a Game Changer for TSLA Stock? appeared first on InvestorPlace.
Tesla (NASDAQ:TSLA) cannot catch a break.Source: Sheila Fitzgerald / Shutterstock.com Just when it got past a difficult earnings report and the resulting controversies had begun to calm down, an article in Vanity Fair resurfaced doubts surrounding the battery and auto company.Although Tesla continues to revolutionize both transportation and energy, investors may need to pay heed to the negatives in deciding whether to pull the trigger on Tesla stock.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Tesla Was Low Key in Recent WeeksBefore earnings, I speculated that TSLA could move higher if the company met or exceeded expectations.That did not happen.Tesla stock missed earnings estimates by 72 cents per share and also fell short on revenue. With that, TSLA plunged. Since the earnings miss, it has steadily moved downward. Today it trades at about $225 per share. * The 8 Worst Stocks to Buy Before the Trade Turmoil Cools Off In fairness, Tesla remained quiet for most of August. If anything, one might have seen the news since the earnings miss as somewhat encouraging.For one, Tesla will receive an exemption from a tax on most foreign car makers within China. The factory the company is building in Shanghai continues to move forward. Secondly, TSLA announced it would sell insurance on its vehicles. Available just in California for now, this would lower ownership costs and bring Tesla recurring revenue.David Marino-Nachison of Barron's made an interesting point about the lack of news coverage surrounding the automaker lately. Over the year, Tesla's eccentric CEO Elon Musk has stoked controversy with errant tweets or provocative statements to the media. Since the earnings report, that had calmed down. Doubts About Musk Have ReturnedHowever, just as that story came out, InvestorPlace's Wayne Duggan pointed to a piece in Vanity Fair that has again called into question the leadership style of Musk. According to the article, his bailout of SolarCity has some of his worst critics calling him a "con artist." Duggan sees Musk as a guy who promises the impossible and sometimes fails to meet those very high expectations. Whatever the truth, the debate itself casts doubt upon TSLA.Going by its financials, I like TSLA stock. Yes, the forward price-to-earnings ratio of about 57.4 appears high. However, with growth predicted to average 114.3% per year over the next five years, that seems like a bargain.Still, if the Vanity Fair article is even somewhat accurate, we cannot assume that things are as they seem. As Duggan points out, both Tesla and Musk's SpaceX firm invested in SolarCity. He also mentions the problems at the Buffalo, New York factory. So-called "Gigafactory 2" is the manufacturing site of Tesla's Solar Roof. Duggan also highlights Walmart's (NYSE:WMT) lawsuit against Tesla, the result of panel fires in stores and warehouses.In fairness, other parts of the company fare better. Tesla became the top luxury car brand in the U.S. in the second quarter of 2019. It also ranked fourth in overall sales. Tesla came in just above General Motors' (NYSE:GM) Buick and right below Toyota's (NYSE:TM) luxury brand, Lexus. Moreover, Zimbabwe has turned to Tesla batteries to power the nation's mobile phone network.However, studies show that negative headlines draw more attention than positive news. This reality could make investors wary of buying TSLA at anything but a discount. The Bottom Line on TSLA StockThe negatives surrounding TSLA appear poised to drive the stock in the near term. Given the forecasted growth and the promise of the technology, I can understand why investors willingly paid a premium for this equity. From a purely financial standpoint, paying under 60 times forward earnings for triple-digit, long-term profit growth looks like a huge bargain.Moreover, the Tesla battery has expanded the art of the possible. TSLA has succeeded in an area where numerous others have failed -- building a commercially viable electric car. As mentioned before, it also brings power to areas of the world without a reliable supply of electricity.However, as people like the company's namesake, Nikola Tesla have demonstrated, with genius often comes eccentricity. Unfortunately for investors, "eccentric" looks like a generous description for Tesla as of late. Investors are right to call the company into question over SolarCity and the failure of the Solar Roof. Such shortcomings will at least amount to a reputation hit. Uncertainty in the overall market will only add to those doubts.Tesla may well deliver on its promise to change energy as we know it. But with an inability to always deliver on its promises, traders should hold out for a deeper discount or avoid TSLA altogether.As of this writing, Will Healy did not hold a position in any of the aforementioned stocks. You can follow Will on Twitter at @HealyWriting. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Deeply Discounted Energy Stocks to Buy * 7 Stocks to Buy In a Flat Market * 10 Stocks to Buy to Ride China's Emerging Wealth The post Can Tesla Supercharge Stock Gains After 'Vanity Fair' Article? appeared first on InvestorPlace.
- Toyota division up 12.3 percent; marking a best-ever August - Total Toyota car sales increased 6.8 percent - Hybrid sales up 68.3 percent for Toyota division and 44.2 percent for Lexus division PLANO, ...
In a midsize sedan conversation dominated by the Toyota Camry and Honda Accord, the Subaru Legacy has been content to take a back seat awaiting its moment. This is its moment.
Japanese automakers posted sharper sales falls in South Korea in August, industry data showed on Wednesday, hit by a consumer boycott of Japanese vehicles amid a worsening diplomatic row between the countries. Toyota Motor Corp and other Japanese carmakers saw South Korean sales tumble 57% to 1,398 vehicles in August from a year earlier, steeper than the 17% fall in July. Japan's decision in July to tighten controls on exports of materials that South Korea uses to make semiconductors and display screens has prompted a consumer backlash in Korea, with consumers boycotting Japanese products such as beer, clothes, vehicles and tours to the neighbouring country.