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Ford Exec Says $2.6B Autonomous Development Deal With Volkswagen Makes Dearborn 'Relevant In Changing World'
Tuesday, June 2, 2020 - 10:46am | 370Read More...Automaker Ford Motor Company (NYSE: F) and European rival Volkswagen have finalized a $2.6-billion joint investment in Argo AI to explore autonomous vehicle technologies in the U.S. and Europe, Ford Autonomous Vehicles CEO John Lawler said in a Medium post on Tuesday. What Happened Ford and...
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Nio Reports Mixed Q1 Results, Chinese EV Manufacturer Guides To Strong Q2
Thursday, May 28, 2020 - 7:47am | 605Read More...Nio Inc's – ADR (NYSE: NIO) first-quarter revenue missed estimates Thursday, but the bottom line exceeded expectations on cost control. The company has bounced back strongly off the COVID-19 pandemic and guided to a better second quarter than anticipated by the Street. Nio's Top...
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NYSE To Delist Bankrupt Hertz: Report
Tuesday, May 26, 2020 - 8:56am | 505Read More...The New York Stock Exchange initiated proceedings to delist Hertz Global Holdings Inc (NYSE: HTZ) on Tuesday following the car rental chain's bankruptcy filing, according to Reuters. Coronavirus Fuels Hertz Bankruptcy Filing Economic damage from the coronavirus ...
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Tesla To Launch Low-Cost 'Million Mile' Battery That Drastically Reduces Cost Of EVs: Report
Friday, May 15, 2020 - 12:04pm | 433Read More...Electric vehicle pioneer Tesla Inc (NASDAQ: TSLA) is going all out to make alternative energy vehicles more affordable for consumers. Tesla Working On New Battery The Elon Musk-led company is working on a new battery for its Model 3 vehicles in China that confers two...
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BofA Dissects Auto Stocks, Says Q1 Reports Mostly Better Than 'Low Expectations'
Thursday, May 14, 2020 - 4:42pm | 475Read More...The auto sector reported earnings, and the group as a whole reported "generally better" results against "low expectations," according to BofA Securities' John Murphy. The Auto Sector Recap The auto sector kicked off 2020 on a difficult note with extended COVID-19-...
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Tesla Negotiates $565M Loan In China Amid Factory Shutdowns, Shrinking Sales
Monday, May 11, 2020 - 9:56am | 458Read More...Tesla Inc (NASDAQ: TSLA) is yet again relying on debt to keep its operations going in China, with the electric vehicle manufacturer negotiating a loan facility, according to an 8-K filing with the SEC. About Tesla's Loan Tesla has entered into a working capital loan contract...
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Tesla Analysts Break Down Free Cash Flow, Fremont Shutdown, 2020 Expectations After Q1 Print
Thursday, April 30, 2020 - 12:57pm | 1153Read More...Despite the chaos in the world around Tesla Inc (NASDAQ: TSLA), the automaker reported a strong first quarter Wednesday, with sales of $5.985 billion exceeding a $5.9-billion Street forecast and a bottom line of $1.24 far surpassing expectations of a 36-cent loss. The performance was driven in part...
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3 ETFs For Tesla Earnings
Wednesday, April 29, 2020 - 9:15am | 682Read More...Electric vehicle producer Tesla (NASDAQ: TSLA) reports first-quarter results Wednesday after the close, and while those numbers are expected to be weak because of the coronavirus, analysts remain mostly enthusiastic about the company's long-term prospects. Wall Street is expecting Tesla to post...
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Tesla Q1 Earnings Preview: Analysts Convinced Of Long-Term Potential Ahead Of The Print
Tuesday, April 28, 2020 - 2:54pm | 790Read More...First-quarter expectations for Tesla Inc (NASDAQ: TSLA) are understandably muted, but the sell-side is sold on the long-term prospects for the EV maker. Tesla is scheduled to report its financial results Wednesday after the market close. The Tesla Analysts Morgan Stanley analyst Adam ...
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GM Cuts Dividend, Share Buybacks
Monday, April 27, 2020 - 10:24am | 256Read More...General Motors Co. (NYSE: GM) announced Monday that it is suspending the quarterly cash dividend on its common stock and suspending its share repurchase program to preserve near-term available cash due to the coronavirus pandemic. The company said it has extended$3.6 billion under its...
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UAW President Says Talks Ongoing With GM, Ford, Chrysler On Restarting Auto Plants
Thursday, April 23, 2020 - 8:42am | 391Read More...The UAW is negotiating the safe reopening of automobile manufacturing plants shuttered amid the coronavirus pandemic. One of the union’s key demands is that workers who feel unwell should be allowed to self-quarantine without loss of pay, according to Reuters. On Wednesday, UAW...
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Ross Gerber Says Tesla Is Pushing Ahead Of Competitors During COVID-19 Pandemic
Friday, April 17, 2020 - 3:35pm | 719Read More...Tesla Inc (NASDAQ: TSLA) has been one of the top performers in the market in the past month, gaining 71.3% overall. On Friday, Ross Gerber, president and CEO of GerberKawasaki, joined Benzinga’s PreMarket Prep and discussed the ways he said Tesla is benefiting from the COVID-19 outbreak. The...
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Goldman Initiates Coverage On Auto Stocks, Says Industry 'Significantly Better Positioned' Than In 2008
Wednesday, April 15, 2020 - 10:30am | 638Read More...Goldman Sachs took a deep dive into the U.S. auto industry, initiating coverage on 10 auto manufacturers and suppliers Tuesday. The Auto Analyst Mark Delaney issued the following auto stock ratings: Tesla Inc (NASDAQ: TSLA) initiated at Buy with an $864 price target. Aptiv PLC (NYSE: APTV)...
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AutoZone Analyst Moves To Sidelines As Pandemic Cripples Demand
Wednesday, April 8, 2020 - 1:00pm | 387Read More...The COVID-19 pandemic is casting a pall over companies across sectors, and auto parts retailers are no exception. AutoZone, Inc. (NYSE: AZO) has lost its attractiveness due to the specter of demand slowdown and a relatively less attractive valuation, according to an analyst at BofA Securities. The...
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Nio's Electric Power Engineering Chief Quits Admit Restructuring: Report
Wednesday, April 1, 2020 - 10:18am | 350Read More...Huang Chendong, who is in charge of Nio Inc – ADR's (NYSE: NIO) electric power engineering team, will leave his post by June 30, Chinese media outlet 36Kr reported, which said the news was confirmed by management. Chendong was promoted to the role of senior vice president in...
