Tesla shares are jumping for a 2nd day as investors and analysts continue to break down what was revealed during Tesla’s Q4 earnings report. Gary Black of the Future Fund says it was the Cybertruck news that's the most important.
General Motors Co and Ford Motor Co are expected to report strong profits for 2022 next week, powered by premium-priced pickup trucks and sports utility vehicles (SUVs). Now, the Detroit rivals must convince investors that last year's profit formula can keep working when costs for EV batteries are rising, high interest rates are cutting consumer purchasing power, and Tesla Inc is slashing prices. Already there are signs the Detroit automakers are scaling back spending to offset competitive and economic pressure.
Zacks.com users have recently been watching General Motors Company (GM) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.