|Bid||37.23 x 1400|
|Ask||37.24 x 1200|
|Day's range||37.06 - 37.51|
|52-week range||30.56 - 41.90|
|Beta (3Y monthly)||1.21|
|PE ratio (TTM)||5.95|
|Forward dividend & yield||1.52 (4.11%)|
|1y target est||N/A|
Last month, four automakers, including Ford, made a voluntary deal with California to make cars cleaner and more fuel efficient. Trump isn't happy with the deal.
Today, in a tweet, US President Donald Trump called automobile company executives “foolish.” While Ford and GM are in the green, Tesla is down.
FT subscribers can click here to receive FirstFT every day by email. Investors are anticipating a fresh wave of stimulus measures to tackle flagging growth as the White House considers a new round of ...
Chinese electric car maker NIO delivered 837 cars in July, down from 1,340 cars in June. Tesla’s delivery growth range was 110%–221% in the last year.
Auto stocks and the US equity market slumped with fresh fears of an economic recession. Today, the Dow Jones Industrial Average fell more than 600 points.
Oil prices saw a significant spike on Tuesday morning as Washington announced that it would delay the 10 percent it had planned to place on some Chinese products
Tit-for-tat tariffs have increased raw material costs for the global auto industry, which is already dealing with weak demand in both China and the United States. Ford Motor Co has a cash buffer of $20 billion for a potential downturn event, Ford North American Chief Financial Officer Matt Fields said at a J.P. Morgan Conference in New York. General Motors has $18 billion in cash, with the potential to pay two years worth of dividends, the company's finance head, Dhivya Suryadevara, said at the conference.
Over the weekend, Tesla CEO Elon Musk compared gasoline cars to steam engines. Yesterday, Tesla also teased legacy automakers in a tweet.
US automakers have been hit hard lately. However, President Trump’s policies and the trade war had a greater impact on automakers than the Fed's policies.
Tesla (TSLA) has been slapped with a lawsuit for allegedly limiting older vehicles' battery capacity. It was also sued this month for a collision in March.
The autonomous driving industry is still in its infancy, but the technology is advancing rapidly. Multiple companies already have pilot and early-stage programs.
General Motors Co persuaded the U.S. federal judge who oversees nationwide litigation over defective ignition switches to narrow claims by owners who said their vehicles lost value because of the defect, which has been linked to 124 deaths. In a decision late on Tuesday afternoon, U.S. District Judge Jesse Furman said owners in three "bellwether" states - California, Missouri and Texas - could not seek damages based on the difference in value between what they paid for their defective vehicles and what the vehicles were really worth. The Manhattan-based judge also said that while damages could be measured by costs to repair defective vehicles, they could end up being zero if GM footed the bill.