39.99 +0.12 (0.30%)
Pre-market: 7:09AM EDT
|Bid||39.69 x 1200|
|Ask||39.87 x 800|
|Day's range||39.56 - 40.29|
|52-week range||34.50 - 46.76|
|PE ratio (TTM)||N/A|
|Earnings date||25 Jul 2018|
|Forward dividend & yield||1.52 (3.82%)|
|1y target est||49.44|
The procession of industry groups and foreign governments lining up to oppose President Donald Trump’s car tariffs is starting to look like a rush-hour traffic jam. The Commerce Department will hold public hearings Thursday on its probe into whether imports of passenger vehicles imperil U.S. national security. Judging from the list of speakers, the administration will find little if any support for the idea that foreign cars undermine America’s ability to defend itself.
IBM, General Motors Co. and Lockheed Martin Corp. are among a slate of companies that will advise the government on how to deal with the threat of automation facing American workers, according to a person familiar with the arrangement. Representatives of the companies will form an advisory board for a council led by Ivanka Trump and Secretary of Labor Alex Acosta. FedEx Corp. and Home Depot Inc. were also confirmed for the board, while Apple Inc. and Blackrock Inc. had considered joining as well, the person said.
WASHINGTON (AP) — Having started a trade war with China and enraged U.S. allies with steel tariffs, President Donald Trump is primed for his next fight. He is targeting a product at the heart of the American experience: cars.
Valuation multiples are commonly used by investors to compare auto companies. These multiples could be used to compare business entities that are similar in size or nature. Let’s see how the valuation multiples of mainstream auto companies Ford (F), Toyota (TM), General Motors (GM), and Fiat Chrysler (FCAU) are trending in July.
Ferrari stock (RACE) has outperformed legacy auto manufacturers and the broader market for the last two consecutive years. In 2016 and 2017, Ferrari yielded returns of ~21.0% and 80.3%, respectively, which sharpened auto investors’ focus on the luxury carmaker.
Shares of Tesla (TSLA) plummeted Monday after chief executive Elon Musk once again found himself in hot water after he posted a rude comment about a British cave explorer regarding the Thailand cave rescue mission. Although the CEO's statements were crass, they don't really impact Tesla's core business. So let's assess TSLA stock at what could be a buying point.
Ford investors have endured a rough year in the country -- and unfortunately, business could get worse before it gets better. Here's why.
In 2017, Fiat Chrysler stock (FCAU) impressed investors by yielding 96.4% returns—the highest among the auto stocks. After gaining 15.0% in the first quarter, its stock turned negative in the second quarter and saw 7.9% value erosion.
In the previous part, we looked at analysts’ views on Ford (F). Despite its increasing focus on electric vehicles and autonomous vehicles, Ford stock has underperformed its peers in the last couple of years. In the last year, Ford has gained 2.8% while direct peer GM has risen ~15.0% through July 11.
According to data compiled by Reuters on July 11, about 19.0% of the 21 analysts covering Ford Motor Company (F) recommended a “buy.” About 76.0% of these analysts remained uncertain and recommended a “hold” on the company’s stock, and the remaining 5.0% of these analysts gave it a “sell” rating.
BERLIN (AP) — German automaker Opel reportedly faces questions over emissions from its diesel vehicles, an issue that's already tarnished many of its competitors.
The auto industry’s second-quarter earnings season is about to begin, and the majority of auto stocks are trading on a mixed note. According to recent estimates by Autodata, US light vehicle sales rose to 4.5 million units in the second quarter this year. Let’s take a look at the recent price movement in auto stocks.
Could we someday see American Airlines Group (AAL), United Continental Holdings (UAL), and Delta Air Lines (DAL) fly pilotless planes? Driverless cars haven't proven they can safely maneuver through the streets, and with the stakes higher for passenger planes, who'd want to take the risk. Most passenger planes require two pilots, and just reducing that to one pilot could be a $15 billion "profit opportunity," according to a new UBS report.
Tesla (TSLA) raises prices of Model X and Model S and also, inks a deal to build its first factory outside the United States. Ford (F), however, abstains from raising prices.
Peugeot owner PSA’s sales surged to a record high as last year’s acquisition of Opel-Vauxhall from General Motors boosted results of the Paris-based group. The company, which also owns the Citroën and DS car brands, reported a 38 per cent jump in sales for the first half of the year.
In the second quarter, Tesla (TSLA) delivered ~40,740 total car units to its customers. Tesla delivered ~10,930 units of Model S, 11,370 units of Model X, and 18,440 units of Model 3. The total deliveries reflected a massive increase of 85% on a YoY (year-over-year) basis and 36% on a sequential basis. The company delivered 29,997 car units the previous quarter.
Consider this one-star review by a user, identified as Jose Z., who complained that the app timed out when he tried to reserve a car: “Nice try GM,” he wrote on Apple Inc.’s iTunes Store, “but you’re trying to play in the wrong field. Other carmakers rushing to embrace this new business model, in which cars are more of a service than a product, have been met with similar complaints: buggy apps that crash or time out, dirty cars that smell like smoke, vehicles that don’t unlock when the driver arrives. Maven, with an average of 4.1 out of 5 stars, is actually one of the better-rated apps from an automaker, even though GM executives readily acknowledge that the service is a work in progress.
BEIJING (AP) — Electric car producer Tesla will build its first factory outside the United States in Shanghai, becoming the first wholly foreign-owned automaker in China.
The auto industry stands to suffer the most with President Donald Trump having implemented the first set of tariffs on goods imported from China on Jul 6.
Last week, General Motors (GM) stock settled at $39.16 with a ~0.6% loss for the week. This was the fourth consecutive week that GM stock fell. In the previous week, the stock fell 4.5%. In the second quarter, General Motors stock gained 8.4% as compared to a 2.9% rise in the S&P 500 Index.