|Bid||0.00 x 3000|
|Ask||0.00 x 1000|
|Day's range||31.86 - 32.54|
|52-week range||31.49 - 46.76|
|Beta (3Y Monthly)||1.68|
|PE ratio (TTM)||N/A|
|Earnings date||31 Oct 2018|
|Forward dividend & yield||1.52 (4.70%)|
|1y target est||44.58|
Today, investors’ worries about the pending approval of the settlement between Tesla (TSLA) CEO Elon Musk and the SEC came to an end. The federal court’s judge “approved the settlement between” the SEC and Musk, Reuters reported. After the news of the approval, Tesla stock surged nearly 5%.
According to Thomson Reuters’ October 11 survey, about 55.0% of the 22 analysts covering Toyota recommended a “buy.” The remaining 45.0% of these analysts were cautious and suggested a “hold.” There were no “sell” recommendations.
F-Series, one of the best-sellers in Ford's (F) truck segment, might drive its third-quarter earnings. However, recalls and rise in costs create headwinds.
According to the data compiled by Reuters on October 11, about 29.0% of 28 analysts covering Tesla (TSLA) gave its stock a “buy” recommendation. Another 36.0% recommended a “hold,” and the remaining 36.0% of analysts covering TSLA suggested a “sell” for its stock.
Fiat Chrysler (FCAU) has lost 7.7% month-to-date as of October 11. In 2017, Fiat Chrysler stock impressed investors by yielding the highest return among auto stocks (FXD), an impressive positive return of 96.4%.
Auto makers, looking to secure their futures in a transportation landscape that is rapidly changing, are increasingly partnering with each other and their would-be rivals in Silicon Valley to pursue new ventures in self-driving cars and other forms of personal mobility. As part of the deal, Honda committed to investing $2.75 billion in GM’s self-driving-car unit GM Cruise LLC over the next 12 years.
In the previous part, we looked at analysts’ views on Ford Motor Company (F). The company’s F-Series pickup trucks have been America’s best-selling trucks for over four decades. Despite its increasing focus on electric vehicles (XLY) and autonomous vehicles, Ford stock has underperformed its peers in 2018 so far.
According to Reuters, ~19.0% of the 21 analysts covering Ford Motor Company (F) stock gave it a “buy” recommendation on October 11. About 71.0% of these analysts recommended a “hold” on the company’s stock, and the remaining 10.0% of these analysts suggested a “sell.”
According to recent data compiled by MarkLines Data Center, September US auto sales (IYK) stood at 1.43 million vehicle units. This was ~6.0% lower than the ~1.52 million vehicle units sold in September 2017. September’s total US vehicle sales figures were also lower than the 1.48 million vehicle units sold in August.
As more self-driving vehicles hit the road, one of the industry's challenges is finding people willing to go along for the ride. The task may be move more difficult than the industry might hope.
The Nasdaq led a rebound in stocks today, but small caps refused join the upside. Ford Motor, GM and two more large cap stocks hit new lows.
If all you heard about EVs was Tesla's drama, you might think the industry was doomed. Far from it! Investors won’t want to miss these solid, promising opportunities.
China's auto sales plunged 12 percent in September, adding to economic challenges for the country's leaders amid a worsening tariff fight with Washington. Sales in the biggest global market fell to 2 million sedans, SUVs and minivans, an industry group, the China Association of Automobile Manufacturers, reported Friday. With the latest contraction, sales growth for the first three quarters of the year fell to just 0.6 percent, down from 2017's already anemic full-year rate of 1.4 percent.
Honda (HMC) partners with General Motors (GM) to pursue the common goal of developing self-driving vehicles. Ford (F) to downsize its workforce to reorganize business.
October started on a negative note for the broader market. On October 10, the S&P 500 benchmark registered losses for the fifth consecutive session. As of October 10, the S&P 500 Index (SPY) has fallen 4.4% so far in October. Similarly, the Dow Jones Industrial Average (DIA) has fallen 3.2%, while the NASDAQ Composite Index (QQQ) has fallen ~7.6% in October.
Valuation multiples are widely used in the auto industry to compare companies. In Tesla’s (TSLA) case, no other publicly listed automaker is similar enough to its business to draw a comparison. Let’s see how Tesla’s valuation multiples have changed in 2018 so far.
In the previous article, we talked about the top three reasons why Tesla (TSLA) stock looks like an attractive “buy” at the moment. The company has been able to keep the pace with its ambitious vehicle production and deliveries targets in the last couple of quarters. Now, let’s discuss some key risks that you should be aware of when considering Tesla stock.
Lithium took investors across the globe by surprise thanks to the recent years’ battery boom, but no one is prepared for what may happen next
In the previous article, we discussed how Tesla (TSLA) has managed to bring changes to the auto industry by changing auto buyers’ (XLY) perceptions about EVs (electric vehicles). As of October 9, Tesla’s market cap was at $44.8 billion compared to General Motors’ (GM) $46.1 billion, Ford Motor Company’s (F) $35.7 billion, and Ferrari’s (RACE) $23.7 billion. One of the most common arguments against Tesla has been its execution problems.
In the last week, the broader market has witnessed a sharp negative movement, which may have been triggered by a variety of factors, including rising bond yields, fears of a slowdown in China, and America’s ongoing trade tussle with China.
The auto industry is one of the toughest industries to bring change to. Before Tesla came into existence, legacy automakers General Motors (GM), Ford Motor Company (F), and Toyota Motor (TM) ruled the industry for decades without any significant transition from gasoline to alternative fuel on a large scale. Musk entered the highly capital intensive auto industry with the idea of accelerating the transition to sustainable transportation with Tesla vehicles.