41.83 -0.12 (-0.29%)
After hours: 7:02PM EDT
|Bid||41.76 x 1000|
|Ask||41.83 x 4000|
|Day's Range||41.79 - 42.83|
|52 Week Range||33.86 - 46.76|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jul 23, 2018 - Jul 27, 2018|
|Forward Dividend & Yield||1.52 (3.49%)|
|1y Target Est||49.05|
German automakers including BMW and Volkswagen reportedly support deal to end tariffs on EU, U.S. auto imports. Yahoo Finance's Seana Smith, Dan Roberts, Myles Udland and Rick Newman discuss.
Escalating trade tensions between Washington and Beijing may have sent tremors across the U.S. stock market but short-sellers are taking the opportunity to boost bearish bets against U.S. companies exposed to a full-blown trade war. Planemaker Boeing (BA.N), automaker General Motors (GM.N), casino operator Las Vegas Sands (LVS.N), package delivery company FedEx Corp (FDX.N) and agricultural trader Bunge Ltd (BG.N) - companies that could feel the pain from growing trade tensions with China - have drawn a noticeable pickup in shorting activity this month, according to financial analytics firm S3 Partners. "I think the change in short interest is directly related to the increase in trade tensions," said Ihor Dusaniwsky, head of research at S3 in New York.
Escalating trade tensions between Washington and Beijing may have sent tremors across the U.S. stock market but short-sellers are taking the opportunity to boost bearish bets against U.S. companies exposed to a full-blown trade war. Planemaker Boeing, automaker General Motors, casino operator Las Vegas Sands, package delivery company FedEx Corp and agricultural trader Bunge Ltd - companies that could feel the pain from growing trade tensions with China - have drawn a noticeable pickup in shorting activity this month, according to financial analytics firm S3 Partners. "I think the change in short interest is directly related to the increase in trade tensions," said Ihor Dusaniwsky, head of research at S3 in New York.
The autonomous driving theme continues to gain steam. Cruise was acquired by GM back in 2016 and is headquartered in San Francisco. Specifically, the automaker is banking on Cruise to push its autonomous driving efforts forward and help it launch its robo-taxi service.
A leading strategic advisory firm is warning that the global auto industry is headed for a colossal pile-up because of some $255 billion in capital spending committed to developing electric vehicles before consumers are ready to buy them and there is too little infrastructure to support them. The study, by influential strategic consultancy AlixPartners, finds that by 2023 more than a quarter-billion-dollars in research and development and capital expenditures will have been spent globally on EVs, and that some 207 EV models are set to hit the market by 2022. Many of those EVs, says the firm based on research, are destined to be unprofitable due to currently-high production costs, low sales volumes and intense competition.
General Motors, Alphabet, and Aptiv are ushering in an era of transportation that will save hundreds of thousands of lives and potentially generate trillions of dollars in new services.
Remarkably, these market groups have held close to their 2018 highs in the second quarter, with investors betting that political posturing will yield fruitful negotiations. U.S. chipmakers stand to lose worldwide market share in a trade war because they're deeply embedded within Chinese technology products. For Skyworks Solutions, Inc ( SWKS), 83% of sales now come from China, with Qualcomm Incorporated ( QCOM) at 64% and Qorvo, Inc. ( QRVO), formed by the merger of TriQuint Semiconductor and RF Micro Devices, at 62%.
Bloomberg New Energy Finance is now out with its yearly outlook — one that puts green energy in the driver seat and coal deep in the ground. Meanwhile, wind and solar electricity will make up 50% of the world’s energy mix — a function of the falling price of the underlying technologies as well as $548 billion being invested in storage capacity by 2050. On top of that, the report says that CO2 emissions will fall by 38% during that time.
Short interest is extremely low for GM with fewer than 1% of shares on loan. This could indicate that investors who seek to profit from falling equity prices are not currently targeting GM. Index (PMI) data, output in the Consumer Goods sector is rising.
Bill Ford Jr., executive chairman, Ford Motor Company, provides a crowd of nearly 5,000 people with details of the company’s vision for its recently acquired Michigan Central Station in Detroit’s Corktown neighborhood. In the days since the announcement that Ford Motor Company had acquired the long-abandoned Michigan Central Station in Detroit, executive chairman Bill Ford has given numerous interviews about his hopes to spur the city’s rebirth around this icon of urban decay. Nearly five decades ago, when Bill Ford’s uncle, Henry Ford II was still in command of the family business, he hatched a plan to give new life to the city in the wake of white flight and race riots.
The trade-war rhetoric was beginning to quiet in May and that left many investors optimistic about what's to come. After a solid run in the stock market, though, equities are coming under pressure thanks to renewed trade-war fears between China and the U.S. As President Trump continues to tack on additional tariffs against China, the latter of which is doing the same in a retaliatory reaction. A potentially slowing repatriation process certainly doesn't excite investors, while higher auto part import costs could weigh on profitability.
General Motors Company (NYSE:GM), BYD Company Limited (OTCMKTS:BYDDF) and Bayerische Motoren Werke Aktiengesellschaft (OTCMKTS:BMWYY) are good options for longer term investors who want to profit from the electric car phenomenon but don’t want to deal with the uncertainties and volatility of Tesla Inc (NASDAQ:TSLA) stock. Of course, in just the last several months, Tesla has had production issues, an episode of weirdness by its CEO, liquidity issues and bad accident issues. GM, BYD and BMW have avoided most of these issues, and all three appear to make high-quality electric cars (or be poised to make high-quality electric cars) that will resonate with consumers.
Tesla Inc. and General Motors Co. are caught in the middle of a collision between U.S. President Donald Trump and his China counterpart Xi Jinping. Tesla shares plunged as much as 6.6 percent, the biggest intraday drop in more than six weeks, while GM slumped as much as 4.1 percent after China vowed to “forcefully” retaliate against Trump’s threatened tariffs on another $200 billion in imports from Asia’s largest economy. The carmakers are among the companies with the most to lose if Trump ups the ante on the tariffs placed on $50 billion of goods announced last week.
Now, let’s look at some key factors that could drive Tesla’s valuation multiples going forward. On June 13, Tesla’s forward EV-to-EBITDA multiple was 29.3x. This valuation multiple was calculated using TSLA’s estimated EBITDA multiple for the next 12 months.