7.76 0.00 (0.00%)
After hours: 4:15PM EDT
|Bid||7.76 x 800|
|Ask||7.85 x 800|
|Day's Range||7.32 - 7.89|
|52 Week Range||2.21 - 16.29|
|Beta (5Y Monthly)||2.87|
|PE Ratio (TTM)||N/A|
|Earnings Date||Aug 06, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Mar 04, 2019|
|1y Target Est||7.00|
Tenneco (TEN) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
New Jeep® Wrangler lift kit available now; new Jeep Gladiator lift kit arrives later this summer
Tenneco Inc. (NYSE: TEN) will participate in the J.P. Morgan Auto Conference 2020 to be held virtually on Tuesday, August 11, 2020. The webcasted presentation is scheduled to begin at 9:20 a.m. Eastern. Brian Kesseler, chief executive officer, will give a strategic overview and provide information regarding matters impacting Tenneco's outlook.
2020 Dodge Challenger SRT Hellcat Redeye wins Pure Power Award from the New England Motor Press Association (NEMPA) at its annual Ragtop Awards
(Bloomberg) -- Tesla Inc. managed to stay profitable even in the midst of a global pandemic, but something is still nagging at Elon Musk: the electric-car maker isn’t growing fast enough.The positive quarterly earnings Tesla reported Wednesday were its fourth in a row, again surprising Wall Street analysts and possibly paving the way for its soaring stock to join the S&P 500 Index. But its chief executive officer is in no mood to let his foot off the accelerator, announcing the company will build another new vehicle-assembly plant in Texas and keep lowering the cost of its models.“The thing that bugs me the most is our cars aren’t affordable enough and we need to fix that,” Musk said during a call with analysts. “We want to be slightly profitable, maximize growth and make the cars as affordable as possible. That’s what we want to achieve.”The results validate the unconventional efforts Musk made to shore up earnings in the midst of the health crisis that’s expected to leave other U.S. automakers posting losses. And the profit further boosted Tesla’s already lofty share price, which has quadrupled since March in part based on speculation the stock could be added to the S&P 500.The shares rose 2.6% to $1,633.99 as of 9:45 a.m. Thursday in New York trading.Musk, 49, announced Tesla would build its second factory in the U.S. near Austin to produce a new battery-powered Cybertruck pickup and the Semi, as well as two existing models for customers on the East Coast. Tesla had been considering an alternate site near Tulsa, Oklahoma, which the CEO said would remain in consideration for future expansion.“I’ve never been more excited or optimistic about Tesla in the history of the company,” Musk said.S&P Calling?Buoyed by optimism about its dominant EV market share and capacity expansion at home and abroad, Tesla’s massive stock gain has vaulted it into the pole position among global automakers.The company reported a profit of 50 cents a share on a GAAP basis, beating analysts’ consensus estimate for a loss of $1.06 a share. Revenue fell from a year ago to $6.04 billion, topping analysts’ expectations for $5.4 billion.The 12-month period of profitability meets criteria that Standard & Poor’s index committee uses when deciding whether to add stocks to the S&P 500. Adding Tesla to the benchmark likely would force money managers who track the index to buy the stock.“Tesla was gunning for S&P induction, and they hit their target,” said Gene Munster, managing partner at Loup Ventures. “But they didn’t have to pull too many rabbits out of the hat to get there. They did it for reasons that are sustainable.”In a phone call after Tesla’s results were released, Ray McConville, an S&P Dow Jones Indices spokesman, declined to comment on any individual company and said the index isn’t reconstituted on a pre-determined timeline.“Companies who meet the eligibility requirements are not automatically added to the index,” McConville said. “They join a pool of other eligible candidates and are considered for inclusion when an opportunity presents itself at which point the index committee takes several factors into account such as sector balance and size representation.”Credit BoostTesla cautioned that achieving its goal of delivering 500,000 vehicles this year has become more difficult. In January, it said it expected to “comfortably exceed” that level of deliveries for the year.The carmaker handed over 90,650 vehicles in the second quarter, up from 88,400 in the first three months of the year despite a lengthy shut down at its factory in Fremont, California.Tesla’s sales of regulatory credits to other automakers rose to a record $428 million. That contributed to its hearty 25.4% automotive gross margin and cushioned against the negative impact of the coronavirus, which halted production and complicated deliveries.The Palo Alto, California-based company has benefited from mandates requiring automakers to sell electric and other non-polluting vehicles in proportion to their market share, or make up for any deficiency by purchasing credits from other carmakers. Fiat Chrysler Automobiles NV said last year it would pool its fleet with Tesla’s to comply with strict new environmental regulations in Europe.What Bloomberg Intelligence Says:Competitors buying credits arguably had more to do with Tesla’s 1H profit than the company’s operations. As was the case in 1Q, Tesla’s regulatory credit revenue -- $428 million that essentially has no cost associated with it -- was more than the net, pretax and operating income and free cash flow for the period.\-- Kevin Tynan, global autos analystClick here to read the researchThe value of those credit sales has been growing, rising from $354 million in the first quarter and $133 million in the last three months of last year. Chief Financial Officer Zachary Kirkhorn said he expects revenue from regulatory credits to double this year from 2019, but eventually the business will fade as other automakers ramp up production of their own battery-powered vehicles.Global PushTesla is speedily transitioning into a global manufacturer, having added a new plant in Shanghai, breaking ground on another in Germany earlier this year and now expanding U.S. capacity with the factory in Texas. Tesla said construction for Model Y lines in the Shanghai factory is progressing as planned, with first deliveries expected in 2021.Musk said demand for Tesla models exceeds supply and that the company’s biggest problem is resolving supply chain snafus.While sales of electric vehicles still account for just a fraction of new-car sales, Tesla has built a commanding lead in the fast-growing market. Global EV sales exceeded 2.1 million vehicles last year, less than 3% of overall car sales but a 40% increase over 2018, according to the International Energy Agency.The Texas plant will allow Tesla expand production in the U.S. -- still its largest market -- as it grows its product lineup and seeks to maintain its advantage over rival automakers plotting their own EV push. Tesla told local officials in Texas it wanted to start construction in the third quarter of this year on a 4 million to 5 million-square-foot plant that will employ 5,000 workers.The earnings give ammunition to Tesla’s investor base and run counter to warnings from short sellers and other critics who doubted the company could end its era of frequent losses.Musk said Wednesday that he aims to remain in the black, but not at the expense of sales growth and vehicle affordability. “We need to not go bankrupt, but we’re not trying to be super profitable either,” he said.(Updates with stock trading in the fifth paragraph.)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
Self-driving technology is expanding. Alphabet’s Waymo will run the technology in Fiat Chrysler cars. Yahoo Finance's Rick Newman joins The First Trade panel
L4 Waymo Driver to be integrated into FCA's Ram ProMaster light commercial vehicle for goods movement, enabling the partnership to address specific needs of commercial customers
FCA to announce Second Quarter 2020 financial results on July 31 Fiat Chrysler Automobiles N.V. (NYSE: FCAU / MTA: FCA) announced today that its financial results for the.
New 2020 Ram Heavy Duty Limited Black Edition enhances the well-appointed Limited trim with black exterior accents, matte black badging and black aluminum wheels
The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 821 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of March 31st, a week after the market trough. Now, we are […]
The Bronco has new styling and some infamous history. The Jeep has been extremely popular. The battle over the two brands could be a key to the key North American truck market.
What once was the joke of the major auto manufacturer is now the monster on Wall Street. Tesla (NASDAQ:TSLA) was the target of the comedy among the experts, and now the company market capitalization is more than four times that of Ford (NYSE:F) and General Motors (NYSE:GM) combined. F stock specifically has been pitiful, but I think this is about to change.Source: Jonathan Weiss / Shutterstock.com Today we discuss the opportunity of owning it into 2021, as the upside potential definitely outweighs the downside risk. That is the byproduct of being a laggard for so long that it runs out of incremental sellers.Ford stock has already disappointed the maximum number of people. Therefore there are probably more buyers than sellers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips F Stock Needs Management to Step UpThe thesis is simple. Ford has proven over its 115 years that it can survive adversity and thrive thereafter. Going through tough times is normal part of existing for this long. Case in point -- just last year consensus was that Tesla was going to run out of money and here they are with the best balance sheet of the U.S. auto makers. * 15 Growth Stocks That Are Being Propped Up By Low Rates It all starts with good leadership, and F stock's problems mostly stem from a mediocre team. This is not an insult to the people, but rather the decisions from the top. There has been nothing exciting from that company for so long that it is a miracle that they still have fans on Main Street.But recently, there is news that could be the light at the end of the tunnel. The Bucking Bronco is BackAfter a quarter of a century, Ford is bringing back the Bronco. My family is full of car buffs, and they all are big fans of it even though officially we are strictly GM truck owners. It is the nostalgia mixed with the special sauce that makes the Bronco unique. While this is the emotional reason behind my excitement today, the Wall Street spin on it is that this is a new direction that could put life into F stock.Source: Charts by TradingView The chart has been so bad for so long that the smallest breakout could launch a storm of buying. The passion from the cars is infectious and should carry into the stock especially since the entry cost is low. This does not always mean that it is cheap, but in this case it is. Ford stock price is under 0.2 times its full year sales. Compare this to GM at about 0.3 and Tesla at 10.7.Some would say it is not a fair comparison because they say that Tesla is not a car company. That may become true in the future but for now, from a revenue perspective it is indeed a car company.Timing to go long would have been perfect just a few days ago, because it just rallied 20% off the $5.70 base. This was a prior pivot and it did its job providing the bulls the platform they need to rally. The rally is not over though, because that is how stocks mount sustainable moves. The bulls have to tackle the ledges that they tried to defend on the way down because on the way back up they are resistance. Upside Potential Outweighs Downside RisksOwning F stock here for the long term has more upside potential than downside risk. However, it is also important that there is extrinsic risk from the stock market in general which can impact the progress. Stocks are too high given all the problems that we still have from the virus crisis. Still, in the end, this too shall pass and things will go back to normal.It does make sense to take the position in tranches to leave room to manage the risk. Options traders can even get long now for free.The strategy there is two-pronged. Step one is to buy March 2021 $7 call. Step two is to sell the March $6 put. The net effect is a near-zero cost and the investor would be then long the stock if it fall below it, and long at $7 if the rally continues and is sustainable. There would be virtually no damage if it fizzles because the stock has a strong base for the long term recovery opportunity.Nicolas Chahine is the managing director of SellSpreads.com. As of this writing, he did not hold a position in any of the aforementioned securities. More From InvestorPlace * Why Everyone Is Investing in 5G All WRONG * America's 1 Stock Picker Reveals His Next 1,000% Winner * Revolutionary Tech Behind 5G Rollout Is Being Pioneered By This 1 Company * Radical New Battery Could Dismantle Oil Markets The post Ford Stock Is Getting Ready to Go Into Top Gear appeared first on InvestorPlace.
Mopar Dodge//SRT Funny Car of Matt Hagan and Mopar Dodge//SRT Top Fuel Dragster of Leah Pruett from Don Schumacher Racing (DSR) will be sporting new "Demon-possessed" SRT Hellcat Redeye paint schemes as they return to Indianapolis for the Lucas Oil NHRA Summernationals on July 18-19
Fiat Chrysler Automobiles NV said Wednesday that the company resulting from its merger with France's Groupe PSA , makers of Peugeot, Citroen, Opel, and other European car brands, will be called Stellantis, hailing the naming as a "major step" toward completing the deal announced last year. The name, from the Latin verb stello, means to brighten with stars, the company said. "It draws inspiration from this new and ambitious alignment of storied automotive brands," the company said. The companies have said they expect the deal to close in the first quarter of 2021, subject to customary closing conditions, including shareholder and regulatory approvals.
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(Bloomberg) -- Apple Inc. won its court fight over a record 13 billion-euro ($14.9 billion) Irish tax bill in a crushing blow to European Union Competition Commissioner Margrethe Vestager’s crackdown on preferential fiscal deals for companies.The judgment by the EU’s lower court on Wednesday vindicates Apple Chief Executive Officer Tim Cook’s challenge against a decision he labeled as “political crap.”While the EU General Court’s ruling can still be appealed, judges delivered a stinging attack on the European Commission for failing to show “to the requisite legal standard” that Ireland’s tax deal broke state-aid law by giving Apple an unfair advantage.“The commission’s intent seemed to be a political one: to punish Apple for its overall tax planning, rather than to reach a result that accorded with the legal or economic position,” Dan Neidle, a tax lawyer with Clifford Chance said in a statement. “The court has, quite rightly, followed the law and not any wider political objectives.”The EU-Apple Battle Over a $14.9 Billion Tax Bill: ExplainedThe Apple case is the hallmark of Vestager’s five-year campaign to get rid of allegedly unfair tax deals that some EU governments dole out to favored multinationals including the likes of Amazon.com Inc. Apple’s fury at its 2016 tax bill led Cook to blast the EU move.The EU will consider its next steps after studying the Luxembourg-based court’s judgment, Vestager said in a statement.“If member states give certain multinational companies tax advantages not available to their rivals, this harms fair competition,” she said, adding that the EU “will continue to look at aggressive tax planning measures under EU state aid rules.”Apple said the case “was not about how much tax we pay, but where we are required to pay it.” The firm “has paid more than $100 billion in corporate income taxes around the world in the last decade and tens of billions more in other taxes.”Apple shares rose 2 percent to $396 in premarket trading.The Cupertino, California-based company had argued the EU wrongly targeted profits that should be taxed in the U.S. and “retroactively changed the rules” on how global authorities calculate what’s owed to them.The Irish finance ministry said the nation “has always been clear that there was no special treatment provided to the two Apple” units in the EU’s state-aid case. The ruling is a vindication for the country, which had been criticized by puzzled voters who couldn’t fathom why the country wouldn’t accept a windfall from one of the globe’s richest companies.Ireland Loses Apple Billions, But Wins Tax Vindication for NowApple’s huge sales -- like those of other U.S. tech giants -- have attracted particular scrutiny in Europe, focusing on complicated company structures for transferring profits generated from intellectual property.The case comes as Apple is getting close to overtaking Saudi Arabia’s state-owned oil company in market valuation, a milestone that would make the technology giant the world’s largest company by that measure. Its shares have rallied about 30% this year on broad optimism about its businesses.Before today Vestager already had a mixed record in the court cases that followed her tax orders. The Dane suffered a setback last year when judges faulted a decision targeting Starbucks Corp. over its tax deals with the Netherlands. But the tribunal upheld the EU’s decision concerning Fiat Chrysler Automobiles NV’s tax affairs in Luxembourg.“Vestager has made a very valiant effort to use the tools that were at her disposal but we all knew from the start that those tools were not meant for the purpose,” said Sophie in ’t Veld, a Dutch member of the EU Parliament’s Liberal group.She said the decision will be welcomed by Ireland, but “I cannot see how you can be happy that you let a tech giant off the hook when we’re talking about paying 13 billion euros -- it will have to be coughed up by taxpayers now.”The cases are: T-778/16, Ireland v. Commission, T-892/16, Apple Sales International and Apple Operations Europe v. Commission.(Updates with background, lawyer comment starting in second paragraph)For more articles like this, please visit us at bloomberg.comSubscribe now to stay ahead with the most trusted business news source.©2020 Bloomberg L.P.
On late Monday, Ford unveiled its latest additions - the Bronco and Bronco Sports models - of which the limited-production first edition of the cars have already sold out, according to reports. Yahoo Finance’s Rick Newman joins The Final Round to discuss the details.
The SUV, launched Monday, is expected to be a formidable competitor in the market for rugged off-road vehicles—a crucial area for auto makers.