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The Autonomous Car

The Autonomous Car

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This basket consists of stocks expected to benefit from self-driving cars.

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  • Barrons.com

    Tesla and 4 More Earnings Announcements to Watch This Week

    Earnings season is trundling on, and even though we got numbers from companies like JPMorgan Chase, Netflix and UnitedHealth Group last week, this week looks set to be even more exciting.

  • Earnings extravaganza — What to know in the week ahead
    Yahoo Finance

    Earnings extravaganza — What to know in the week ahead

    Earnings will be the focal point for investors this week, as about a quarter of the S&P 500 companies gear up to report results.

  • The U.S. Doubles Down On Domestic Lithium Production
    Oilprice.com

    The U.S. Doubles Down On Domestic Lithium Production

    Battery metals are quickly becoming a key priority for the United States as it moves to reduce its dependence on foreign mineral imports

  • Tesla speeds toward unpleasant earnings turn, Boeing faces tough questions
    MarketWatch

    Tesla speeds toward unpleasant earnings turn, Boeing faces tough questions

    Prepare for an earnings onslaught in the week ahead, headlined by Tesla Inc., Boeing Co. and a flurry of big tech names.

  • Financial Times

    Huawei admits that US sanctions are hurting

    Huawei is struggling to replace Google apps on its mobile phones after being hit by US sanctions, the company’s executives have admitted, saying it will be years before they can develop their own alternatives. Senior executives from Huawei US said they had been able to find replacements for much of the equipment they used to buy from the US, but not the computing services sold by Google. Joy Tan, vice-president of public affairs at Huawei US, said: “After the entity list, we were able to figure out some of the alternative solutions.

  • If the Democrats keep saying crazy things about the economy, Trump will win again
    MarketWatch

    If the Democrats keep saying crazy things about the economy, Trump will win again

    Because Andrew Yang, Bernie Sanders and (sometimes) Elizabeth Warren are radically misdiagnosing problems in the U.S. economy, they are off — often miles off — in prescriptions for reform. The sheer amount of loose talk about how capitalism is failing is stunning. Begin with the worst: The notion that automation is robbing the economy of millions of jobs.

  • Tesla is about to show investors if it’s back on the road to profitability
    MarketWatch

    Tesla is about to show investors if it’s back on the road to profitability

    Tesla Inc.’s third-quarter results are a ‘fork-in-the-road moment’ for the company, which still promises profits and sales of nearly half a million vehicles by year-end.

  • Susan Rice weighs in on 'the danger' surrounding big tech
    Yahoo Finance

    Susan Rice weighs in on 'the danger' surrounding big tech

    The international reputation of large American tech firms can impact how the global community perceives the U.S., says a former top national security official under Barack Obama.

  • Reuters

    U.S. social networks withhold data on spread of livestreamed Germany shooting video

    Companies including Facebook and Twitter committed in May to take "transparent, specific measures" to prevent the amplification of violent content, after the killing of 51 people in Christchurch, New Zealand was livestreamed on Facebook. Releasing the data would provide an indication of the impact of the new policies.

  • Is Magna International (MGA) A Good Stock To Buy According To Hedgies?
    Insider Monkey

    Is Magna International (MGA) A Good Stock To Buy According To Hedgies?

    We know that hedge funds generate strong, risk-adjusted returns over the long run, therefore imitating the picks that they are collectively bullish on can be a profitable strategy for retail investors. With billions of dollars in assets, smart money investors have to conduct complex analyses, spend many resources and use tools that are not always […]

  • Could the Model Y Change Tesla’s Profit Game?
    Market Realist

    Could the Model Y Change Tesla’s Profit Game?

    This year, Tesla (TSLA) stock has fallen 21.3%, underperforming broader markets. Let's look at how Tesla's Model Y could turn things around.

  • Bloomberg

    Trump to Nominate Deputy Energy Secretary to Replace Rick Perry

    (Bloomberg) -- President Donald Trump said he will nominate Dan Brouillette to be his next energy secretary when Rick Perry leaves the job later this year.“Dan’s experience in the sector is unparalleled. A total professional, I have no doubt that Dan will do a great job!” Trump tweeted Friday.Brouillette has been serving as No. 2 to Perry, who led the Energy Department with its $36 billion budget and control of the nation’s nuclear arsenal and emergency crude oil stockpile. The White House arranged for Brouillette to meet with Trump on Friday after Perry gave the president a resignation letter. The deputy has been taking on increasingly high-profile roles for Perry, including sitting in for him at cabinet meetings. The White House session was described by people familiar with the matter who asked not to be named because it was private.Perry, 69, has been grooming Brouillette, 57, to succeed him for months while planning his own departure. In recent months, Brouillette has more frequently served as the public face of the Energy Department both on missions abroad and at U.S. events.Trump has elevated deputies at other agencies after the leaders departed. He made David Bernhardt acting secretary of the Interior after Ryan Zinke left the administration, then nominated him for the post. Trump used a similar approach with current Environmental Protection Agency Administrator Andrew Wheeler, who served as the second-ranking official under former chief Scott Pruitt.A Louisiana native, Brouillette worked at the Energy Department under former President George W. Bush as an assistant secretary for congressional and intergovernmental affairs.His vision for the Energy Department isn’t expected to veer from the one held by Perry, a vocal advocate of the nation’s oil and gas industry, who attempted -- so far unsuccessfully -- to subsidize unprofitable coal and nuclear plants in the name of national security and electric grid reliability.Brouillette has backed those efforts and said during a speech earlier this year that “fuel-secure units are retiring at an alarming rate,” a phenomenon that would “threaten our ability to recover from attacks and natural disasters,” if left unchecked.The nominee emerged as a key figure during internal administration debates last fall over whether to grant waivers for some countries from sanctions on Iran’s oil. Brouillette argued against the waivers, saying the administration should take a tougher stance against Iran, in a memo to the State Department.In addition to his past stint at the Energy Department under Bush, Brouillette has worked as staff director for the House Energy and Commerce Committee, where he played a role crafting major energy legislation. He also was a senior executive in the policy office of Ford Motor Co. and financial services provider United Services Automobile Association.To contact the reporters on this story: Jennifer Jacobs in Washington at jjacobs68@bloomberg.net;Ari Natter in Washington at anatter5@bloomberg.net;Jennifer A. Dlouhy in Washington at jdlouhy1@bloomberg.netTo contact the editors responsible for this story: Jon Morgan at jmorgan97@bloomberg.net, Steve GeimannFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Can Tesla Stock Keep Its Momentum With Quarterly Earnings Coming Up?
    Investor's Business Daily

    Can Tesla Stock Keep Its Momentum With Quarterly Earnings Coming Up?

    Tesla stock has been climbing ahead of its third-quarter report due Wednesday. Tesla is expected to show its first decline in quarterly revenue in seven years and also post another loss.

  • Can Ford Challenge Tesla with Its EV Charging Network?
    Market Realist

    Can Ford Challenge Tesla with Its EV Charging Network?

    Ford announced that it would offer North America’s largest electric vehicle public charging network, the FordPass Charging Network, to its EV customers.

  • MarketWatch

    White House picks Perry's deputy to replace him as energy chief

    President Donald Trump on Friday tweeted that he is nominating Energy Department Deputy Secretary Dan Brouillette to become the department's new secretary, replacing Ricky Perry. Perry "will be leaving at the end of the year to pursue other interests," Trump said. Brouillette was previously a lobbyist for Ford Motor Co. and insurer USAA.

  • Exclusive: Electric Hummer could be part of GM's move into EV trucks, SUVs - sources
    Reuters

    Exclusive: Electric Hummer could be part of GM's move into EV trucks, SUVs - sources

    WASHINGTON/DETROIT (Reuters) - General Motors Co plans to build a new family of premium electric pickup trucks and sport-utility vehicles at its Detroit-Hamtramck plant beginning in late 2021, possibly reviving the imposing Hummer brand on some of them, several people familiar with the plans said. The so-called BT1 electric truck/SUV program is the centerpiece of a planned $3 billion (2.3 billion pounds) investment in the Detroit-Hamtramck plant to make electric trucks and vans, and part of a broader $7.7 billion investment in GM's U.S. plants over the next four years, according to a proposed labor deal between the automaker and the United Auto Workers union. The investment would move the automaker into a part of the EV market that is largely untested and where GM has a higher likelihood of turning a profit, analysts said.

  • Lawmakers Slam Apple for ‘Censorship’ of Apps at China’s Behest
    Bloomberg

    Lawmakers Slam Apple for ‘Censorship’ of Apps at China’s Behest

    (Bloomberg) -- U.S. lawmakers from both parties slammed Apple Inc. and Chief Executive Officer Tim Cook on Friday for “censorship of apps” at the “behest of the Chinese government.”Senators Ted Cruz, Ron Wyden, Tom Cotton, Marco Rubio and Representatives Alexandria Ocasio-Cortez, Mike Gallagher and Tom Malinowski expressed concern about the removal of an app that let Hong Kong protesters track police movement in the city.“Apple’s decisions last week to accommodate the Chinese government by taking down HKmaps is deeply concerning,” they wrote in a letter to Cook, urging Apple to “reverse course, to demonstrate that Apple puts values above market access, and to stand with the brave men and women fighting for basic rights and dignity in Hong Kong.” Apple didn’t respond to a request for comment on Friday.Apple removed the HKmap.live app from the App Store in China and Hong Hong earlier this month, saying it violated local laws. The company also said it received “credible information” from Hong Kong authorities indicating the software was being used “maliciously” to attack police. The decision, and the reasoning, was questioned widely.Cook, in a recent memo to Apple employees, said that “national and international debates will outlive us all, and, while important, they do not govern the facts.” On Thursday, the CEO met with China’s State Administration for Market Regulation head Xiao Yaqing in Beijing to discuss consumer-rights protection, boosting investment and business development in the country, according to a statement from the Chinese regulator.The Cupertino, California-based company isn’t the only one referenced in Friday’s letter. The lawmakers mentioned recent headlines involving the National Basketball Association and Activision Blizzard Inc., a video game company that suspended a professional game player for supporting the Hong Kong protests.“Cases like these raise real concern about whether Apple and other large U.S. corporate entities will bow to growing Chinese demands rather than lose access to more than a billion Chinese consumers,” the lawmakers wrote.They also slammed Apple for removing other apps, including VPN apps that helped Chinese people get around the government’s online censorship. The letter said Apple has “censored” at least 2,200 apps in China, citing data from non-profit organization GreatFire. Apple says on its website that it removed 634 apps in the second half of last year globally due to legal violations.The letter implied that Apple made the removal decisions to maintain its huge business in China and appease the government. Greater China was Apple’s third-largest region by revenue last year, generating more than $50 billion in revenue.Apple is one of the rare tech companies that operates in China, with rivals like Google and Facebook Inc. hardly operational in the market. China’s importance to Apple means the company has to balance its own values with following local laws.In the past, the company has pulled the Skype and New York Times apps from its App Store in China. More recently, it removed a Taiwanese flag emoji for users in Hong Kong and Macau and was criticized for sending some browsing data to China’s Tencent Holdings Ltd. as part of a privacy feature.To contact the reporters on this story: Mark Gurman in San Francisco at mgurman1@bloomberg.net;Ben Brody in Washington, D.C. at btenerellabr@bloomberg.netTo contact the editors responsible for this story: Tom Giles at tgiles5@bloomberg.net, Alistair Barr, Robin AjelloFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • Pixel 4: Google’s Latest Smartphone Disqualified in India
    Market Realist

    Pixel 4: Google’s Latest Smartphone Disqualified in India

    Google’s latest smartphone, the Pixel 4, won't be available for sale in India, the world’s second-largest smartphone market.

  • Barrons.com

    Tesla’s Model Y Is Coming. Elon Musk May Have Hyped It Too Much.

    RBC analyst Joseph Spak has been speaking with clients and noted an uptick in Model Y discussions recently. “According to the Tesla [ticker: TSLA] website, the vehicle is expected to begin production in late 2020,” wrote Spak in a Friday research report. The Y is a smaller sport-utility vehicle, or so-called crossover, smaller than Tesla’s Model X and comparable to (BMW)’s (BMW.Germany) X3.

  • Auto Stock Roundup: Ford Q3 China Sales Dip, Tesla Q3 UK Sales Hit a Record & More
    Zacks

    Auto Stock Roundup: Ford Q3 China Sales Dip, Tesla Q3 UK Sales Hit a Record & More

    While Ford's (F) sales in China fall 30.3% year over year in Q3, Tesla takes the U.K. market by storm with record deliveries of 6,244 vehicles.

  • Amazon Needs a Leash
    Bloomberg

    Amazon Needs a Leash

    (Bloomberg Opinion) -- The New Yorker and the Atlantic have never been known for their business coverage, so when both magazines published long articles about Amazon.com Inc. in their current issues it signaled that something is in the air. That something is antitrust.More precisely, what’s in the air is the question of what the government should do to rein in the tremendous power of the big four tech companies: Facebook Inc., Alphabet Inc.’s Google, Apple Inc. and Amazon.Once the province of think tanks and law reviews, this topic has become such a public concern that 48 of the 50 state attorneys general are conducting antitrust investigations, presidential hopefuls are calling for tech giants to be broken up, and general interest magazines like, well, the New Yorker and the Atlantic are asking whether the companies abuse their market power. In this particular case, the magazines are asking it about Amazon.The Atlantic article is by Franklin Foer, who has long raised concerns about Big Tech. Five years ago, for instance, he wrote a cover story for the New Republic titled “Amazon Must Be Stopped.” It focused on Amazon’s dominance over the book business.This time around, he is writing about the unbridled ambition of Amazon’s founder and chief executive officer Jeff Bezos. (The new article is “Jeff Bezos’s Master Plan.”) “Bezos’s ventures are by now so large and varied that it is difficult to truly comprehend the nature of his empire, much less the end point of his ambitions,” Foer writes. He then goes through a list. Bezos wants to conquer space with his company Blue Origin. Bezos’s ownership of the Washington Post makes him a significant media and political figure. Bezos’s brainchild, Amazon, “is the most awe-inspiring creation in the history of American business.” And so on.He also points out that while critics fear Amazon’s monopoly power, the company is loved by consumers. “A 2018 poll sponsored by Georgetown University and the Knight Foundation found that Amazon engendered greater confidence than virtually any other American institution,” he writes. I have no doubt that this is true; Amazon’s obsession with customer service instills tremendous loyalty among consumers. It’s no accident that over 100 million people now pay the company $119 a year to be Amazon Prime members. That loyalty is also one reason taking antitrust actions against Amazon would be much more difficult than going after Facebook or Google. I’ll get to some other reasons shortly.Charles Duhigg’s New Yorker article “Is Amazon Unstoppable?” is both smarter about Amazon and more pointed about its power. Duhigg captures its relentless culture, comparing it to a flywheel that never stops. He described Bezos’s efforts to ensure that Amazon never loses the feel of a scrappy startup. The phrase that came to mind as I was reading Duhigg’s article was Andy Grove’s famous dictum: “Only the paranoid survive.”Duhigg is also interested in what Amazon’s critics have to say. Amazon paid no federal taxes last year. Amazon's work culture can be difficult for women who have children. Amazon’s warehouse workers are sometimes fired after being injured on the job. Amazon doesn't effectively police the sale of counterfeit goods on its site. (In the article, Amazon’s representatives deny these allegations.)Then there’s the fact that Amazon both serves as a platform for companies wanting to sell things and sells things itself. In other words, it competes with the same companies it enables. According to Duhigg, Amazon has been known to track items that do well, and then make its own version of the same item — which it then sells at a discounted price. (Amazon denies this, too.) Margrethe Vestager, the European Union’s commissioner for competition, told Duhigg that the practice “deserves much more scrutiny.”The story’s killer anecdote, at least as it concerns antitrust, is about Birkenstock USA LP’s experience with Amazon. Although Birkenstock sold millions of dollars of shoes using the Amazon platform, it was constantly hearing customer complaints that the shoes were defective. Why? Because, according to Birkenstock, Amazon allowed counterfeits to be sold on the site. Not only would Amazon not take down the counterfeit goods, but it also wouldn’t even tell Birkenstock who was selling them.Amazon also had stocked a year’s worth of Birkenstock inventory, which terrified the company. “What if Amazon decides to start selling the shoes for 99 cents, or to give them away with Prime membership, or do a buy-one-get-one-free,” wondered Birkenstock’s chief executive officer, David Kahan. “We were powerless.”Kahan’s complaints went nowhere. So he pulled Birkenstocks off Amazon. What did Amazon do? It solicited Birkenstock retailers, offering to buy shoes directly from them. Today, if you search for Birkenstocks on Amazon you’ll be deluged with choices even though the company itself refuses to do business with Amazon. I found a pair of Arizona oiled leather sandals — listed on Birkenstock's website for $135 — marked down to $60 on Amazon. Is it the real thing, or is it a counterfeit?The hard question: What do you do about this kind of behavior? On one extreme is the Democratic presidential candidate Senator Elizabeth Warren, who believes the most appropriate solution is to break up Amazon. At the other end of the spectrum, there are still plenty of antitrust economists who believe that if a $135 sandal is being sold for $60, that’s good for consumers. They argue that the government should just stay out of the way.I’m a proponent of breaking up Facebook, mainly because I believe if you force it to disgorge two of its prized platforms, Instagram and WhatsApp, you’ll instantly create serious competitors. That could help raise the bar on privacy, data usage and other concerns. But I’m not sure that would work with Amazon.For instance, if Amazon had to separate its highly profitable cloud service, Amazon Web Services, from its retail business the power dynamic between Amazon and the companies that use its platform would remain.What’s more, it’s harder to make a classic antitrust case against Amazon than it is against Facebook and Google. According to the research firm EMarketer Inc., Amazon is expected to account for 37.7% of all online commerce in 2019. By contrast, Google controls 89% of the search market.Still, for too many retailers, Amazon has the power to control their destiny, for good or ill. As the antitrust activist Lina Khan wrote in her now-famous 2017 article in the Yale Law Journal: “History suggests that allowing a single actor to set the terms of the marketplace, largely unchecked, can pose serious hazards.” I take that assessment to mean that government intervention at Amazon is needed.To my mind, the simplest and most sensible solution is from the economist Hal Singer: Don’t allow platform companies to favor their own products over competitors’ products. Singer calls this a “nondiscrimination regime,” and models it after the Cable Television Consumer Protection and Competition Act, which prevents cable distributors from favoring their own content over content from competitors. In that scenario, a company that felt it was being discriminated against by Amazon could bring a complaint to federal regulators just as cable stations can do now. This regime has worked well for the TV industry. It could work for Amazon, too.Secondly, the government should hold Amazon accountable for counterfeits. Counterfeiting is against the law, and although Amazon told Duhigg that it spends “hundreds of millions of dollars” on anti-counterfeiting efforts it’s no secret that many deceptively labeled goods are still sold on the site. (See, for instance, this recent Wall Street Journal story.) Companies like Birkenstock have a right to expect that a platform selling its products will rigorously police counterfeits — and will identify counterfeiters so manufacturers of authentic goods can take legal action.These are solvable problems. They don’t require extreme measures. What they do require is a government with the will to transform Amazon’s platform from what it is now, a vehicle that squelches competition, to one that lets competition flower.(Corrects paragraph eight to accurately describe the year in which Amazon paid no federal taxes and to more accurately describe the experiences of women with children who work for the company. Also changes language in paragraph eight to more accurately describe how effectively Amazon combats the sale of counterfeit goods on its site. Also corrects paragraphs 12 and 13 to accurately reflect pricing disparities between sandals sold on Birkenstock's website and those sold on Amazon.)To contact the author of this story: Joe Nocera at jnocera3@bloomberg.netTo contact the editor responsible for this story: Timothy L. O'Brien at tobrien46@bloomberg.netThis column does not necessarily reflect the opinion of the editorial board or Bloomberg LP and its owners.Joe Nocera is a Bloomberg Opinion columnist covering business. He has written business columns for Esquire, GQ and the New York Times, and is the former editorial director of Fortune. His latest project is the Bloomberg-Wondery podcast "The Shrink Next Door."For more articles like this, please visit us at bloomberg.com/opinion©2019 Bloomberg L.P.

  • TikTok Is Just Noise for Facebook Stock
    InvestorPlace

    TikTok Is Just Noise for Facebook Stock

    In the ever-evolving social media war, Facebook (NASDAQ:FB) and FB stock stand out to me as the true winners. Sure, Facebook's year-to-date haul of nearly 40% doesn't hold a candle to Snap's (NYSE:SNAP) startlingly brilliant 137% rally. And of course Twitter (NYSE:TWTR) receives free marketing from the highest office of the land.Source: Wachiwit / Shutterstock.com Yet comprehensively, no one beats out the social media network that Mark Zuckerberg built. First, we can talk about the company's 2.4 billion monthly active users. To put this figure into perspective, that's over 31% of the world's population, which stands around 7.7 billion. It's no hyperbole to say that buying Facebook stock is buying a share of the world.More critical for FB stock is the social media king's demographic distribution. Unlike other rivals like Snap, which caters to a very young audience, FB features considerably more balance. For instance, in a Pew Research Center study in 2015, 82% of internet users aged 18 to 29 also used Facebook. For internet users aged 30 to 49, this allocation only slipped to 79%.InvestorPlace - Stock Market News, Stock Advice & Trading TipsImpressively, a whopping 64% of internet users aged between 50 to 64 use Facebook. And for the 65-plus crowd, the distribution is still a remarkably high 48%. * The 7 Best Penny Stocks to Buy Thus underlines the core bullish thesis of Facebook stock: social media is all about people. And the more people you have, the more relevant your platform is. Moreover, relevancy has a direct correlation with attracting advertisers.Because of this comprehensive dominance of FB stock in the metrics that matter, it's difficult to imagine anyone rivaling it. That said, a relatively new phenomenon should give some shareholders pause. Is It TikTok for FB Stock?A few days ago, CNBC ran a report that TikTok was aggressively poaching Facebook employees. Being that I'm ridiculously old and irrelevant, my first thought was, why is Kesha stealing Facebook employees? Later, I realized that TikTok - a subsidiary of Chinese parent-company ByteDance - represented the latest phenomenon in social media.After reading about TikTok, I'm still not 100% sure what it is, so forgive this brief and potentially inaccurate summary. But from my understanding, it's an app designed for budding singers, musicians, and entertainers. Ranging from amateurs to those with real talent, these active users - called "Musers" - submit videos showcasing their skills.As Alphabet's (NASDAQ:GOOG, NASDAQ:GOOGL) YouTube platform demonstrates, real demand exists for such platforms. I've seen countless videos of amateur musicians play covers of famous songs, as well as original material. Admittedly, many of these contributors are very good.And for the lucky few who turn heads on TikTok, they can achieve both social media fame and a record deal. Thus, it's a great gig for talent agents, where potential stars come to them. For everyone else, I'm assuming at the least it's a fun way to blow off some steam.While TikTok doesn't have the North American numbers - it has about 26.5 million MAUs in the U.S. - it has 500 million MAUs altogether. Unsurprisingly, a majority of this tally comes from Asia.Plus, the biggest threat to Facebook stock is that TikTok resonates with young people - the audience Facebook bought out Instagram to capture. In fact, TikTok is the number one most-downloaded app for Apple (NASDAQ:AAPL) iPhones. Overall, the company has over one billion downloads.The fact that the company is setting up shop in Mountain View, California is surely no coincidence. But should investors panic on FB stock? Stay the Course with Facebook StockAlthough the TikTok phenomenon is one to be respected, I don't think people should read too much into it. While the parent company is poaching Facebook employees, I view this more as personal opportunism: the rewards are potentially greater for cashing out on a brilliant upstart rather than a long-established name.Furthermore, the biggest weakness I see for TikTok - aside from demographic imbalance - is functional limitations. Primarily, the consumer driver here is a platform for budding professional entertainers. Surely, that appeals to many people - just watch "American Idol," for instance. But I just don't see this as a sustainable, long-term platform.With Facebook, what you do is only limited by your imagination. You can market your business, reach out to potential employers, or look for a long-lost friend. There is no underlying pressure to do anything more than what you want. That, among many other attributes, makes Facebook practical for almost everyone. And this is why you shouldn't worry about FB stock.As of this writing, Josh Enomoto did not hold a position in any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The 7 Best Penny Stocks to Buy * 7 Bank Stocks to Avoid Now at All Costs * The 10 Best Mutual Funds for Your 401k The post TikTok Is Just Noise for Facebook Stock appeared first on InvestorPlace.

  • Ford gets big hybrid utility vehicle order from Chicago police
    American City Business Journals

    Ford gets big hybrid utility vehicle order from Chicago police

    The city's police department is looking to save tens of thousands of dollars in fuel costs with the new vehicles.

  • Knocking on The Door of Earnings, Tesla Stock is Accelerating
    InvestorPlace

    Knocking on The Door of Earnings, Tesla Stock is Accelerating

    On Thursday, Oct. 17, Tesla (NASDAQ:TSLA) stock gained 0.85%. For a stock as volatile as Tesla, that's not much and volume in shares of the electric carmaker on that particular day was well below average.Source: Ivan Marc / Shutterstock.com However, that was the ninth consecutive day Tesla stock closed higher. That modest Oct. 17 showing added to the shares' gains above the critical 200-day moving average, a technical indicator the stock hadn't closed above since late in the first quarter.Recent bullishness in Tesla stock is notable on several fronts, not the least of which is the fact founder and CEO Elon Musk, an executive with penchants for the bombastic and erratic, has recently been, well, less erratic. Moreover, this nine-day winning streak comes after the shares were drubbed earlier this month following disappointing third-quarter delivery numbers.InvestorPlace - Stock Market News, Stock Advice & Trading TipsFor the June through September quarter, TSLA delivered 97,000 new automobiles. That was above the consensus estimate of 94,000, whereas investors were whispering about a six-figure tally. Hence, the disappointment and subsequent sell-off in Tesla stock. * 7 Reasons to Buy Canopy Growth Stock The silver lining with Tesla's slack third-quarter delivery number is that the figure is out in the open, making it somewhat unlikely that investors will severely punish the stock following the Oct. 23 earnings update. What's Important Now Regarding TSLA StockWhat's vital to the near-term fortunes of Tesla stock is Musk and management articulating a return to profitability. Remember that in the second quarter, Tesla sold more cars than expected, but somehow, it made less money. Put simply, this not the environment in which investors will forsake profitability in the name of growth and that is true across myriad industries.If Tesla can right its profitability ship, it can be argued that there's a "right place, right time" factor at play here because the climate change debate continues gaining momentum. That could help Tesla stock over the long-term. A recent Northwestern University study highlights the role electric vehicles can play in fighting climate change."In contrast to many of the scary climate change impact stories we read in the news, this work is about solutions," said Northwestern's Daniel Horton, senior author of the study. "We know that climate change is happening, so what can we do about it? One technologically available solution is to electrify our transportation system. We find that EV adoptions reduces net carbon emissions and has the added benefit of reducing air pollutants, thereby improving public health."Adoption is critical and for Tesla stock, that's another moving part thesis. Tesla is essentially a luxury car company, so it needs car buyers to buy electric, decide they like electric and then trade up to TSLA because at Tesla's price points, it's an aspirational, not everyday brand. A recent University of Virginia study confirms that tax incentives play a critical role in drivers embracing electric vehicles."Our analysis shows that both federal and state tax incentives positively impact preference for electric vehicles and the provision of public fast charging infrastructure is especially key for increasing adoption of battery electric vehicles (and slightly less important for plug-in hybrid electric vehicles, which can operate in hybrid mode using gasoline once the all electric range is depleted)," according to the UVA study. Bottom Line on Tesla StockOver the next few years, electric vehicle adoption is poised to increase in significant fashion, indicating that with Tesla stock still about 30% below its all-time high, there is some "value" to be had in the name for risk-tolerant investors. However, value is in the eye of the beholder because Tesla stock trades at almost 62x forward earnings.In order for Tesla stock to be a long-term winner, Musk needs to boost margins and surprise, not disappoint on deliveries because headwinds are abound."Tesla will have growing pains, possibly recessions to fight through before reaching mass-market volume, and increased its debt levels by acquiring SolarCity to become a vertically integrated sustainable energy company," according to Morningstar. "It is important to keep the hype about Tesla in perspective relative to the firm's limited production capacity. Tesla's mission is to make EVs increasingly more affordable, which means more assembly plants must come on line to achieve annual unit delivery volume in the millions."Todd Shriber does not own any of the aforementioned securities. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 7 Reasons to Buy Canopy Growth Stock * 7 Restaurant Stocks to Leave on Your Plate * 4 Turnaround Plays to Buy Now The post Knocking on The Door of Earnings, Tesla Stock is Accelerating appeared first on InvestorPlace.