|Bid||0.00 x 800|
|Ask||0.00 x 800|
|Day's Range||109.90 - 111.53|
|52 Week Range||101.38 - 130.93|
|PE Ratio (TTM)||14.86|
|Beta (3Y Monthly)||0.65|
|Expense Ratio (net)||0.43%|
Why Tesla Has Risen 4% TodayTeslaTesla’s (TSLA) stock performance has been mixed this month. As of January 14, the US electric carmaker’s stock had risen 0.5% this month, while the S&P 500 (SPY) and the NASDAQ Composite (QQQ) had risen 3.0%
Why Fiat Chrysler Stock Has Risen More than 4% Today ## Fiat Chrysler stock Fiat Chrysler Automobiles (FCAU) stock was trading on a strong positive note in the pre-market session on January 4. At 9:03 AM EST, the stock rose 4.3% from the closing price on January 3. In the previous session, Fiat Chrysler fell 1.5%, while other auto stocks (IYK) including Ford (F), General Motors (GM), and Toyota (TM) fell 1.5%, 4.1%, and 1.45, respectively. The broader market sell-off pressurized auto stocks on January 3. Let’s find out what could be moving Fiat Chrysler stock up today. ## Solid December sales On January 3, Fiat Chrysler released its December US sales data just like Ford and Toyota. However, Fiat Chrysler was the only automaker that reported solid sales gains. The company’s December US sales rose 14% YoY (year-over-year) to 196,520 units. Ford and Toyota’s December US sales fell 8.8% and 0.9% YoY. December was the fourth consecutive month that Ford’s sales fell in its home market. In contrast, Fiat Chrysler’s US sales gained for the eighth consecutive month in December. In December, Fiat Chrysler’s key brands including Jeep, Ram, and Dodge registered 10%, 37%, and 17% YoY sales gains, respectively. In the same month, Fiat Chrysler’s relatively less popular vehicle brands including Chrysler and Fiat saw their sales fall 28% and 44% in December, respectively. After weakness on January 3, mainly due to the broader market sell-off, investors might be ready to digest Fiat Chrysler’s solid fourth-quarter sales, which could be driving its stock up today.
Ford Motor Company (F), the second largest US automaker, released its US sales figures for December 2018 yesterday. December 2018 was the fourth consecutive month that Ford’s F-Series sales continued to fall. Last month, Ford’s F-Series sales fell by 1.8% YoY to 87,772 units.
The largest US automaker, General Motors (GM), released its fourth-quarter 2018 sales data for its home market today. In the fourth quarter, its sales fell by 2.7% YoY to 785,229 units. It was the second consecutive quarter that GM reported a decline in its home market sales. In the third quarter of 2018, the company’s US sales fell sharply by 11.1% YoY. Let’s take a look at some more details.
American electric carmaker Tesla (TSLA) managed to end 2018 on a positive note with the help of solid gains in the fourth quarter. The company yielded a 6.95% return in 2018, including a 25.7% rise in the fourth quarter. In comparison, automakers General Motors (GM), Ford Motor Company (F), and Toyota Motor (TM) ended the fourth quarter with falls of 0.7%, 17.3%, and 6.7%, respectively.
Tesla (TSLA) has been one of the handful of positive-return-yielding stocks in the fourth quarter so far. As of December 28, TSLA was trading with handsome 26.1% quarter-to-date gains against 14.7% and 18.2% losses in the S&P 500 benchmark and the NASDAQ Composite Index (QQQ)(VTI). Tesla’s Chinese competitor NIO (NIO) has lost about 7.3% in the fourth quarter so far.
The second-largest American auto company, Ford (F), has been having trouble reviving its overall vehicle sales in its home market for the last few years. An ongoing negative trend in US passenger car demand could help Ford justify its falling car sales. However, consistent year-over-year weakness in its F-series sales could be disastrous for the company.
In August, Tesla (TSLA) CEO Elon Musk posted his infamous tweet saying, “Am considering taking Tesla private at $420. Funding secured.” This tweet attracted legal trouble for Musk as the SEC found him guilty of misleading investors. As part of the settlement between the SEC and Musk, Tesla and Musk paid $40 million in penalties and Musk had to step down as Tesla’s chairman.
Are Tesla Short-Sellers Enjoying Elon Musk’s Silence? In the previous part, we looked at Tesla (TSLA) CEO Elon Musk’s recent tweet in which he urged car buyers to choose electric cars over gasoline cars. In the tweet, Musk not only tried to market Tesla Model 3 by noting its key benefits but also listed electric cars made by other automakers including BMW, Fiat, Hyundai, General Motors (GM), Ford (F), and NIO (NIO).
Are Tesla Short-Sellers Enjoying Elon Musk’s Silence? In the previous part of this series, we looked at how Tesla (TSLA) stock underperformed its peers in the week ended December 21. The company has lost about 9.8% month-to-date as of December 27 as compared to 9.8% and 10.2% losses seen in the S&P 500 Index (SPY) and the NASDAQ Composite (QQQ), respectively.
In the first two months of the fourth quarter, Tesla (TSLA) gave its investors a reason to celebrate by defying the broader market sell-off. In October and November combined, the company’s stock surged by 32.4%, while the S&P 500 Index and the NASDAQ Composite Index (QQQ) fell by 5.3% and 8.9%, respectively. In contrast, December is proving to be underwhelming for Tesla investors (IWB).
Tesla (TSLA) CEO Elon Musk has attracted the US automobile industry’s attention toward electric vehicles. Many of these car companies even tried to build electric vehicles (IYK)(IWF)(XNTK) just to be able to keep selling their traditional gasoline-engine cars in their key markets.
Ford Motor Company (F) sold ~52,434 vehicle units in China in November. The data suggested a massive drop of ~55% from Ford’s Chinese sales (IYK) in the same month in 2017. In October, Ford sold more vehicle units in China than in November—about 58,204 vehicle units. Ford’s October sales fell 45% YoY (year-over-year). Ford’s Chinese market sales have fallen ~34% YoY to 695,028 units in the first 11 months of 2018.
In this series so far, we’ve looked at the November US vehicle sales of key auto giants (IYK) Fiat Chrysler Automobiles (FCAU), Honda Motor Company (HMC), and Toyota Motor (TM). While Italian-American automaker Fiat Chrysler reported a solid YoY (year-over-year) rise in its US sales last month, Japanese automakers Toyota and Honda registered weakness.
Valuation multiples are widely used by investors to compare companies that are similar in size or business type in capital-intensive industries such as the automobile (IYK) sector. Let’s compare the valuation of mainstream auto companies Ford (F), Toyota (TM), General Motors (GM), and Fiat Chrysler (FCAU) this month.
Of the 22 Reuters-surveyed analysts covering Toyota (TM), ~68% recommend “buy,” and 32% recommend “hold.” In September, only 55% of these analysts suggested “buy.”
According to MarkLines Data Center, US auto sales (IYK) rose 0.1% YoY (year-over-year) to 1.36 million vehicles from ~1.35 million vehicles in October. In comparison, 1.43 million vehicles were sold in September.
Last week, Fiat Chrysler Automobiles (FCAU) stock continued to trade on a slightly positive note and rose 1.2% to close at $16.45.
As GM continues to focus on retail vehicle sales, investors can expect the positive trend in GM Financial’s revenue to continue in the coming quarters. GM Financial’s (or GMF) improved performance was mainly attributed to the company’s stable credit performance and portfolio growth.
In the third quarter, General Motors’ (GM) global market share fell to 8.6% from 10.0% in the third quarter of 2017. Similarly, the company’s market share in its participating markets also fell to 10.8% as compared to 11.8% a year ago.
What Went Wrong for Fiat Chrysler Automobiles in Q3 2018? In this article, we’ll see how FCAU’s balance sheet looks following its third-quarter earnings results and find out why FCAU has revised its 2018 debt position outlook.
In the third quarter, Fiat Chrysler Automobiles’ (FCAU) total revenue stood at 28.8 billion euros, or $32.6 billion, reflecting a handsome rise of ~9% YoY (year-over-year).
In the previous article, we discussed how Ford Motor Company’s (F) solid performance in North America and positive product mix helped boost its Automotive segment’s revenue.