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Volkswagen AG (VOW3.DE)
| Previous close | 104.65 |
| Open | 103.20 |
| Bid | 105.05 x 207000 |
| Ask | 105.15 x 63200 |
| Day's range | 102.90 - 106.10 |
| 52-week range | 97.83 - 128.60 |
| Volume | |
| Avg. volume | 999,601 |
| Market cap | 54.442B |
| Beta (5Y monthly) | 1.26 |
| PE ratio (TTM) | 3.49 |
| EPS (TTM) | 30.05 |
| Earnings date | 01 Aug 2024 |
| Forward dividend & yield | 9.06 (8.66%) |
| Ex-dividend date | 30 May 2024 |
| 1y target est | 139.50 |
- Yahoo Finance Video
Automakers are experiencing a pivot: Analyst
The auto sector experienced a challenging week, with major players Tesla (TSLA), Ford (F), and General Motors (GM) all reporting weaker-than-expected earnings. Dan Levy, Barclays senior autos analyst, joins Market Domination to discuss the current state of the auto industry. Levy identifies a trend in the auto industry: "a pivot to demand constraints and away from supply constraints." He explains that in recent years, demand was strong while supply was weak. However, "that's really flipped this year," with automakers now "grappling with this reality" of softer demand. Regarding the potential impact of the upcoming election on the electric vehicle (EV) market, Levy notes that automakers will likely continue with their product planning cycles "regardless of who is in office". However, he points out that a Trump-Vance administration could potentially change the Inflation Reduction Act's EV tax purchase credit and might lead to softer regulatory mandates for the industry. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith
- Thomson Reuters StreetEvents
Q2 2024 Quantumscape Corp Earnings Call
Q2 2024 Quantumscape Corp Earnings Call
ReutersVolkswagen is reeling in China. Can EVs help it grow in the US?
And Volkswagen's stock dropped 1.6%. Some analysts praised the creation of a Volkswagen-Rivian joint venture to help the German giant with software. The world's second-largest automaker faces a vexing landscape of challenges in Europe, the U.S. and especially China, where domestic EV makers led by BYD are swiping its market share.
