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Tag: Tesla Inc.

  • GM Venture’s Mini Car Topped Sale In China, Beat Tesla’s Model 3

    GM Venture’s Mini Car Topped Sale In China, Beat Tesla’s Model 3

    General Motor (GM) micro electric vehicle has been considered as the ‘winner’ as it has sold 15,000 cars in China in the last months.

    Tesla Inc (TSLA) has lost the title of Chinese market leader in terms of sale and has recorded the sales of 11, 000 models 3 sedans in China. Previously, it dominates the Chinese market after selling 11,095 Shanghai-made Model 3 vehicles in China in May. It has sold 3,635 vehicles in April and around 10,160 units in March.

    A two-door micro electric vehicle, Hongguang MINI EV, introduced by the joint venture between General Motor and SAIC Motor Corp., and another partner SGMW in July. Hongguang MINI EV’s starting price reported to be the 28,800 yuan ($4,200). Its starting price is 10% less than Tesla’s China-made model 3 vehicle’s starting price.

    General Motors (NYSE: GM) share price went from a low point around $14.32 to briefly over $39.78 in the past 52 weeks, though shares have since pulled back to $30.00. GM has moved up 109.42% from its 52-weeks low and moved down -24.58% from its 52-weeks high. General Motors market capitalization has remained high, hitting $42.19 billion at the time of writing. Looking at its profitability, it has a return on assets of 0.60%, return on equity of 3.70%, and return on investment of 3.20%.

    General Motors executive vice president and president of GM China, Julian Blissett has earlier disclosed that the GM venture will focus on luxury Cadillacs and is planning to launch low cost micro electric vehicles. General motor and its joint ventures have earlier recorded the sales of more than 713,600 vehicles in China in the second quarter.

    GM’s china has exhibited the signs of recovery as it has reported Buick deliveries surpassed  213,500 units in the second quarter. Baojun deliveries surpassed 94,100 units. Chevrolet dispatched more than 77,600 vehicles. Baojun deliveries topped 94,100 units.

  • Tesla Inc (NASDAQ:TSLA) Stock Is Soaring. Here’s Why.

    Tesla Inc (NASDAQ:TSLA) Stock Is Soaring. Here’s Why.

    Shares of Tesla Inc. (NASDAQ:TSLA) soared 2.78% as it has gained 11.32 on Friday. Tesla feels the pressure as it wasn’t added to the S&P 500. It has been waiting for this addition since the EV maker disclosed the profit in the second quarter. Tesla Inc has achieved the requirements necessary to make the company eligible for the S&P 500.

    Recently, the S&P 500, a stock market index that measures the performance of the stock of 500 larger companies has reorganized the position of various companies but Tesla didn’t get a chance to enter the list of S&P 500 companies. S&P 500 is continuously updating and add growing companies to better exhibit the growth of all the companies.

    There are few basic requirements of S&P such as the company must be based in the US, have a market cap of at least $8.2 billion, and many more components that make the company’s eligible for S&P. S&P 500 has disclosed that it would add Teradyne (TER), Catalent (CTLT), and Etsy (ETSY) replacing Kohl’s (KSS), Coty (COTY), and H&R Block (HRB).

    Tesla Inc (NASDAQ: TSLA) with a market capitalization of $379.24 billion is more eligible than Disney, Toyota, or Coca-Cola. But this time it missed its chance to enter in S&P 500. Investors were disappointed after seeing the company wasn’t in the S&P 500 index. The market capitalization of Tesla Inc is more than 100 times the smallest company in the S&P 500.

    Share of Tesla (NASDAQ: TSLA) rose 2.78% as it gained +11.32 on Friday. It had reported a trading volume of 106.32 million as compared to the average volume of 74.18 million. In the past 52-weeks of trading, this company’s stock fluctuated between the low of $43.67 and a high of $502.49. It had moved up 857.85% from its 52-weeks low and moved down -16.75% from its 52-weeks low. Tesla market capitalization remained high, hitting $379.24 billion at the time of writing.

    Previously, Tesla Inc soared as it was speculated that it would join the S&P 500. S&P which is responsible for adding the eligible companies in the index hasn’t disclosed the reason why some companies failed to join the index.  Pierre Ferragu of New Street Research anticipated that Tesla would perform well in the coming days as it is considered to be one of the largest carmakers in the term of sales and output. CFRA has also upgraded Tesla from sell to buy on Friday.

     

  • 5 Stocks That Can Be A Good Buys in Auto Manufacturers Industry

    5 Stocks That Can Be A Good Buys in Auto Manufacturers Industry

    The global auto manufacturing industry has been continuously evolving with the change in consumer demands, environment, and material innovation. As the world is moving with fast speed, the auto manufacturing industry is also entering into a new era of growth in which we expect a series of challenges but also various opportunities and it starts with 2020. 2020 is going to be a year of continuous change.

    The auto manufacture industry will need to evolve fast to keep pace with innovation in these areas. This industry is vital to the economy and workforce of the world. To gain a competitive edge and to capture future growth there is a need that the auto manufacturer industry adjusts its strategic priorities.

    Let’s have a look at the top 5 leading companies in the auto manufacturing industry:

    Tesla Inc. (NASDAQ: TSLA)

    Tesla Inc. (NASDAQ: TSLA) shares were trading down -5.83% at $447.37 at the time of writing on Wednesday. Tesla Inc. (NASDAQ: TSLA) share price went from a low point around $43.67 to briefly over $502.49 in the past 52 weeks, though shares have since pulled back to $447.37. TSLA market cap has remained high, hitting $421.65B at the time of writing, giving it a price-to-sales ratio of more than 10.

    It has been disclosed that Tesla CEO Elon Musk has met with three German ministers. He discussed the progress of collaboration between Tesla and the German biotech company. Musk was satisfied with the progress of the alliance of Tesla with vaccine developer CureVac.

    Proxy advisory firm Glass Lewis disclosed it had suggested Tesla’s investor vote in favor of re-electing  Chairwoman Robyn Denholm. If we look at the recent analyst rating TSLA, Jefferies reiterated coverage on TSLA shares with a Buy rating.

    Ford Motor Company (NYSE: F)

    Ford Motor Company (F) last closed at $6.95, in a 52-week range of $3.96 to $9.65. Analysts have a consensus price target of $7.46. Ford Motor Co. is offering buyouts to its US salaried workers as it is planning to cut its workforce by about 1,400.

    The decision has been taken to bear the shock of decreased demands amid pandemic. Ford Motor traded up 75.51% and traded down -27.98% during the 52-weeks low and high, respectively.

    Workhorse Group Inc. (NASDAQ: WKHS)

    Workhorse Group Inc. (NASDAQ: WKHS) stock drop by -5.98% to $18.94. The most recent rating by ROTH Capital, on July 13, 2020, is at a Buy. Workhorse Group has announced its participation in conferences such as LD Micro 500 Virtual Conference, 9th Annual Gateway Conference, 5th Annual Colliers Institutional Investor Conference, and Cowen 13th Annual Global Transportation & Sustainable Mobility Conference in September 2020.

    It has earlier signed deals with Hitachi to increase its production. If we look at the profitability of the Workhorse Group, it has reported the return on asset of -308.10%, return on equity of 331.60%, -102.90%.

    General Motors Company (NYSE: GM)

    General Motors Company (NYSE: GM) Shares headed rising, higher as much as 3.93%. The most recent rating by Goldman, on June 12, 2020, is at a Buy. General Motors and Ventec Life systems have joined forces to help fight the COVID-19 pandemic. The companies have delivered 30,000th V+Pro critical care ventilators to the U.S. Department of Health and Human Services. It has a 52-weeks low and high range of $143.22 and $39.78, respectively.

    Nikola Corporation (NKLA)

    Nikola Corporation (NASDAQ: NKLA) fall -3.85% after losing more than -$1.58 on Wednesday. Nikola Corporation’s founder and executive chairman has awarded the 6,005,162 options for shares of common stock to employees. This decision did not result in any stock dilution as shares underlying the options are granted from the founder’s existing holdings. Nikola Corporation’s stock has fluctuated between the low of $10.17 and a high of $93.99.  NKLA market cap has remained high, hitting $14.20 billion at the time of writing.