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  • 12 Booming Stocks In Auto Manufacturers Industry To Invest In

    12 Booming Stocks In Auto Manufacturers Industry To Invest In

    The Auto manufacturer Industry is currently in better shape than it was five years ago. This industry is adopting new technologies and new trends to provide a frictionless experience to its customer.  The coronavirus outbreak has heavily impacted the auto manufacturing industry. In the past few years, this industry has experienced a lot of changes and innovations. This industry is using various technologies such as artificial intelligence, big data technologies, and other latest autonomous technologies.

    Auto manufacturers are embedding these technologies to meet the need for sophisticated consumers. Consumers are demanding environmentally-friendly vehicles. Emission reduction is a new challenge for the auto manufacturing industry. Furthermore,  shared mobility is another trend in the automotive industry.

    These 12 leading companies in the auto manufacturing industry are the best option for you:

    NIO Limited (NYSE: NIO)

    NIO Limited (NYSE: NIO) shares were trading up 8.96% at $33.32 at the time of writing on Monday. NIO Limited (NYSE: NIO) share price went from a low point around $1.44 to briefly over $32.20 in the past 52 weeks, though shares have since pulled back to $33.32. NIO market cap has remained high, hitting $47.48B at the time of writing, giving it a price-to-sales ratio of more than 30.

    NIO Limited (NIO) announced that it is scheduled to release its third-quarter 2020 financial results on November 17, 2020. If we look at the recent analyst rating NIO, HSBC Securities initiated coverage on NIO shares with a Hold rating and a $19.35 price target, which implies room for -13.97% downside momentum this year.

    Ford Motor Company (NYSE: F)

    Ford Motor Company (NYSE: F) last closed at $7.71, in a 52-week range of $3.96 to $9.57. Analysts have a consensus price target of $8.49. Ford Motor Company (F) has revealed that it is planning to sell 100,000 cars and trucks which have the company’s new feature of a hands-free driving system. It has earlier shared 2020 third-quarter financial results. Ford Motor market cap has remained high, hitting $30.79 billion at the time of writing.

    XPeng Inc. (NYSE: XPEV)

    XPeng Inc. (NYSE: XPEV) last closed at $20.72, in a 52-week range of $17.11 to $25.00. XPeng has announced vehicle delivery results for October 2020. Analysts have a consensus price target of $24.64. XPeng Inc. (XPEV) XPeng delivered 3,040 vehicles in October 2020, a 229% increase year-over-year. Furthermore, it has delivered 17,117 vehicles year-to-date 2020, a 64% increase year-over-year.

    Tesla Inc. (NASDAQ: TSLA)

    Tesla Inc. (NASDAQ: TSLA) shares headed rising, higher as much as 3.21%. The most recent rating by CFRA, on October 30, 2020, is at a Strong buy. Tesla Inc. (TSLA) has announced that it has decided to open at least one new service center every week in 2021. It has moved up 547.53% from its 52-weeks low and moved down -20.29% from its 52-weeks high.

    Li Auto Inc. (NASDAQ: LI)

    Li Auto Inc. (NASDAQ: LI) rose 13.44% after gaining more than $2.71 on Monday. Li Auto Inc. October 2020 Delivery Update. Li Auto Inc. (LI) disclosed that the Company delivered 3,692 Li ONEs in October 2020, It included a steady increase compared to September. In October, the Company also achieved strong orders, setting a new monthly record.

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU)

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU) stock soar by 2.69% to $12.62 after Tenneco’s DRiV Division Announces Automotive Aftermarket Industry Sponsorship and Donation. The most recent rating by Evercore ISI, on December 18, 2019, is at an Outperform.

    Lordstown Motors Corp. (NASDAQ: RIDE)

    Lordstown Motors Corp. (NASDAQ: RIDE) Shares headed rising, higher as much as 0.15% after BGL Announces the Merger of Lordstown Motors Corporation with DiamondPeak Holdings Corporation in a Transaction Valued Over $1.6 Billion. Lordstown Motors Corp. Lordstown Motors Corp. (RIDE) market capitalization has remained high, hitting $516.66 Million.

    General Motors Company (NYSE: GM)

    General Motors Company (NYSE: GM) stock soar by 0.06% to $34.55. The most recent rating by JP Morgan, on September 09, 2020, is at an Overweight. General Motors Company (GM) has earlier announced that Paul Jacobson has joined the company as executive vice president and chief financial officer, effective Dec. 1. He will report to GM Chairman and CEO Mary Barra.

    Workhorse Group Inc. (NASDAQ: WKHS)

    Workhorse Group Inc. (NASDAQ: WKHS) shares headed rising, higher as much as 4.10%. The most recent rating by ROTH Capital, on October 13, 2020, is at a Neutral. Workhorse Group Inc. (WKHS) has revealed that it has submitted its formal Type Certification application to the Federal Aviation Administration (FAA) for its HorseFlyTM Unmanned Aerial System (UAS).

    Electrameccanica Vehicles Corp. (NASDAQ: SOLO)

    Electrameccanica Vehicles Corp. (NASDAQ: SOLO) rose 2.88% after gaining more than $0.08 on Monday. Electrameccanica Vehicles Corp. (SOLO) has revealed earlier that it has decided to open six new retail locations across the western U.S. within the next month. Electrameccanica Vehicles Corp. has a market capitalization of $197.23 million at the time of writing.

    Nikola Corporation (NASDAQ: NKLA)

    Nikola Corporation (NASDAQ: NKLA) last closed at $18.58, in a 52-week range of $10.20 to $93.99. A class action has started on behalf of certain shareholders in Nikola Corporation, f/k/a VectoIQ Acquisition Corp. The filed complaint disclosed that defendants made materially false or misleading statements.

    Fisker Inc. (NYSE: FSR)

    Fisker Inc. (FSR) stock soar by 11.54% to $11.31. Fisker Inc. (FSR) share price went from a low point around $8.70 to briefly over $21.60 in the past 52 weeks. It has moved up 30.00% from its 52-weeks low and moved down -47.64% from its 52-weeks high. It has a trading volume of 35.66 million as compared to the average volume of 7.57 million during the trading session on Monday.

  • 12 Auto Stocks You Should Consider Buying

    The global auto manufacturing industry is ready to enter a period of wide-ranging and transformative change. This industry is continuously striving to provide best-in-class services to customers. This industry is adopting new technological advancements to provide a frictionless experience to customers. The auto manufacturing sector needs to adjust its strategic priorities to keep pace with the fast-growing world market.

    The fourth industrial revolution is also revolutionizing the auto industry. The auto manufacturing industry is moving towards emission-free mobility by making changes to electrification. Other than this, the auto sector is also getting benefits from technologies such as artificial intelligence, big data technologies, and various other technologies. What are the new trends redefining the auto manufacturing industry in 2020 and beyond?

    Let’s find the answer to this question by looking at these leading companies in the auto manufacturing industry:

    NIO Limited (NYSE: NIO)

    NIO Limited (NYSE: NIO) shares were trading down -2.98% at $27.63 at the time of writing on Monday. NIO Limited (NYSE: NIO) share price went from a low point around $1.36 to briefly over $29.40 in the past 52 weeks, though shares have since pulled back to $27.63. NIO  market cap has remained high, hitting $37.10B at the time of writing, giving it a price-to-sales ratio of more than 20.

    NIO Limited (NIO) has earlier shared its third-quarter delivery result. The company revealed that it has delivered 4,708 vehicles in September 2020.   If we look at the recent analyst rating NIO, JP Morgan upgraded coverage on NIO shares with an Overweight rating and an $18.38 price target, which implies room for -9.25% downside momentum this year.

    Ford Motor Company (NYSE: F)

    Ford Motor Company (NYSE: F) last closed at $7.59, in a 52-week range of $3.96 to $9.57. Analysts have a consensus price target of $7.96. Ford Motor Company (F) dislcosed earlier that former U.S. Ambassador to Russia, Jon Huntsman Jr., would rejoin the company’s board of directors. Huntsman was first elected to Ford’s board in 2012 but left his position in Sept. 2017 to become U.S. ambassador to Russia under President Donald Trump.

    Tesla Inc. (NASDAQ: TSLA)

    Tesla Inc. (NASDAQ: TSLA) stock drop by -2.01% to $430.83. The most recent rating by Morgan Stanley, on October 16, 2020, is at an Equal-weight. Tesla Inc. (TSLA) revealed earlier that it would start exporting China-made Model 3 cars to more than 10 European countries this month. It is planning to join the growing number of automakers using China as an export hub for electric vehicles.

    Nikola Corporation (NASDAQ: NKLA)

    Nikola Corporation (NASDAQ: NKLA) shares headed rising, higher as much as 4.68%. The most recent rating by Wedbush, on September 24, 2020, is at an Underperform. The Shareholders Foundation, Inc. revealed today that a lawsuit was filed for certain investors in NASDAQ: NKLA shares. Nikola Corporation (NKLA) moved up 100.59% from its 52-weeks low and moved down -78.23 from its 52-weeks high.

    Workhorse Group Inc. (NASDAQ: WKHS)

    Workhorse Group Inc. (NASDAQ: WKHS) fall -2.54% after losing more than -$0.58 on Monday. Workhorse Group Inc. (WKHS) has announced that it has closed the previously announced $200 million financings with Antara Capital GP LLC as the lead investor. Workhorse Group Inc.’s market cap has remained high, hitting $2.28 billion at the time of writing.

    General Motors Company (NYSE: GM)

    General Motors Company (NYSE: GM) last closed at $33.35, in a 52-week range of $14.32 to $38.96. Studies Show GM Builds the Most American-Made Vehicle Models. Analysts have a consensus price target of $41.19. General Motors Company (GM) moved up 132.81% from its 52-weeks low and moved down -14.39 from its 52-weeks high.

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU)

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU) last closed at $12.51, in a 52-week range of $6.00 to $16.25. Tenneco to Webcast Presentation at the Gabelli 44th Annual Automotive Symposium. Analysts have a consensus price target of $16.13. Fiat Chrysler Automobiles N.V. (FCAU) has moved up 108.50% from its 52-weeks low and moved down -23.02% from its 52-weeks high.

    XPeng Inc. (NYSE: XPEV)

    XPeng Inc. (NYSE: XPEV) stock drop by -8.87% to $19.84. The most recent rating by UBS, on September 25, 2020, is at a Buy. XPeng Inc. (XPEV) has disclosed today that it has completed the production of 10,000 units of the P7 smart EV sedan, its flagship model. XPEV market cap has remained high, hitting $14.84 billion at the time of writing

    Li Auto Inc. (NASDAQ: LI)

    Li Auto Inc. (NASDAQ: LI) shares headed falling, lower as much as -2.98%. The most recent rating by Morgan Stanley, on August 24, 2020, is at an Overweight. Li Auto Inc. (LI) earlier disclosed that the Company delivered 3,504 Li ONEs in September 2020. The Company’s vehicle deliveries in the third quarter of 2020 reached 8,660 units, representing a 31.1% quarter-over-quarter increase.

    Electrameccanica Vehicles Corp. (NASDAQ: SOLO)

    Electrameccanica Vehicles Corp. (NASDAQ: SOLO) rose 0.36% after gaining more than $0.01 on Monday. Electrameccanica Vehicles Corp. (SOLO) has shared an update related to its ongoing search for the Company’s future U.S. based assembly facility and engineering technology center. ElectraMeccanica has revealed earlier that the remaining two finalists are Arizona and Tennessee.

    Niu Technologies (NASDAQ: NIU)

    Niu Technologies (NASDAQ: NIU) stock drop by -4.29% to $30.53. The most recent rating by Citigroup, on August 17, 2020, is at a Neutral. Niu Technologies (NIU) earlier provided its e-scooter sales volume results for the third quarter of 2020. The company has sold 250,889 e-scooters, representing a 67.9% year-over-year growth in the third quarter of 2020. The number of e-scooters sold in the China market reached 245,293, representing a 70.2% year-over-year growth.

    Tata Motors Limited (NYSE: TTM)

    Tata Motors Limited (NYSE: TTM) shares headed falling, lower as much as -2.16%. The most recent rating by UBS, on August 17, 2020, is at a Sell. Tata Motors Limited (TTM) share price went from a low point around $3.92 to briefly over $14.03 in the past 52 weeks, though shares have since pulled back to $8.61. TTM market cap has remained high, hitting $6.19B at the time of writing

  • 15 Best Stocks In Auto Manufacturers Industry That Need Your Attention

    15 Best Stocks In Auto Manufacturers Industry That Need Your Attention

    One thing which is constant is change. The global auto manufacturing industry has experienced major changes and is striving to change their business model and product portfolios. This industry is going through various unprecedented challenges in 2020 as the coronavirus pandemic has badly impacted the auto industry.  The auto industry aimed to adapt to new technological changes to keep pace with fast-growing markets.

    The auto manufacturing industry is seeing dramatic changes as it entered into the era of the fourth industrialized revolution. There are various technological changes that completely change this industry such as the Internet of things (IoT) has changed the modern automobile system by connected cars. Likewise, other trends include shared mobility and electrification which are adopted by the auto industry to compete in the fast-growing market.  With the emergence of new trends and technologies, consumer behavior is also changing.

    Let see how these top 20 leading companies in the automobile industry addressed the changing behavior of consumers:

    NIO Limited (NYSE: NIO)

    NIO Limited (NYSE: NIO) shares were trading up 10.85% at $20.85 at the time of writing on Tuesday. NIO Limited (NYSE: NIO) share price went from a low point around $1.19 to briefly over $21.05 in the past 52 weeks, though shares have since pulled back to $20.85. NIO market cap has remained high, hitting $27.67B at the time of writing, giving it a price-to-sales ratio of more than 10.

    NIO Limited has earlier showed its EV models including the EP9, an electric supercar introduced in 2016; the ES8, its six-seater flagship premium EV model; and the recently launched EC6 SUV at Beijing International Auto Exhibition 2020. The company has also introduced the Navigate on Pilot feature. This new feature automatically guides the car on ring roads and highways. If we look at the recent analyst rating NIO, Deutsche Bank initiated coverage on NIO shares with a Buy rating and a $16.81 price target, which implies room for -4.04% downside momentum this year.

    Tesla Inc. (NASDAQ: TSLA)

    Tesla Inc. (NASDAQ: TSLA) last closed at $419.07, in a 52-week range of $44.86 to $502.49. Analysts have a consensus price target of $314.68. It has been reported recently that Tesla Inc. is planning to acquire a 10 percent stake in LG Energy Solution.  Elon Musk has also revealed that the company might sell 20 million cars before 2030 and estimated total industry sales at more than 30 million EVs. Tesla has delivered 367,500 vehicles last year. This company market capitalization has remained high, hitting $371.75 billion at the time of writing.

    Ford Motor Company (NYSE: F)

    Ford Motor Company (NYSE: F) stock drop by -1.35% to $6.60. The most recent rating by Evercore ISI, on September 08, 2020, is at an In-line. Ford Motor Company (F) has earlier decreased the price of its upcoming all-electric Mustang Mach-E crossover by as much as $3,000 as the automaker seeks to gain a competitive edge in an increasingly crowded and unsettled sector of the automotive market. This company market capitalization has remained high, hitting $26.38 billion at the time of writing.

    Nikola Corporation (NASDAQ: NKLA)

    Nikola Corporation (NASDAQ: NKLA) shares headed falling, lower as much as -7.36%. The most recent rating by Wedbush, on September 24, 2020, is at an Underperform. Thornton Law Firm informed investors that a shareholder class action lawsuit has been lodged on behalf of shareholders of Nikola Corporation. The securities litigation law firm of Kuznicki Law PLLC has also issued the alert to shareholders of Nikola Corporation.

    Workhorse Group Inc. (NASDAQ: WKHS)

    Workhorse Group Inc. (NASDAQ: WKHS) fall -3.66% after losing more than -$1.03 on Tuesday. Previously, Workhorse Group Inc. (WKHS) disclosed that its C-Series all-electric delivery trucks have achieved an improved and industry-leading range. New data from testing has shown that Workhorse’s 2020 model year C-1000 Extended Range got a maximum of approximately 160 miles per charge under urban situations.

    Kandi Technologies Group Inc. (NASDAQ: KNDI)

    Kandi Technologies Group Inc. (NASDAQ: KNDI) last closed at $7.18, in a 52-week range of $2.17 to $17.40. Analysts have a consensus price target of $4.59. The Shareholders Foundation, Inc. revealed that a lawsuit was filed for certain investors. Kandi Technologies Group Inc. (KNDI) has moved up 230.88% from its 52-weeks low and moved down -58.74% from its 52-weeks high. This company market capitalization has remained high, hitting $369.34 million at the time of writing.

    General Motors Company (NYSE: GM)

    General Motors Company (NYSE: GM) stock drop by -2.38% to $28.74. The most recent rating by JP Morgan, on September 09, 2020, is at an Overweight. General Motors Company (GM) disclosed that it has not concluded the deal to jointly build electric pickup trucks and hydrogen fuel cell tractor-trailers with Nikola Corp. If we look at its profitability, its return on assets, investment, and equity is 0.60%, 3.20%, and 3.70%, respectively. This company has a total market capitalization of $41.29 billion at the time of writing.

    Ayro Inc. (NASDAQ: AYRO)

    Ayro Inc. (NASDAQ: AYRO) shares headed rising, higher as much as 10.84%. Ayro Inc. (AYRO) has announced that it has entered into a strategic partnership with Karma Automotive’s Innovation and Customization Center (KICC). As per the partnership, it will use the state-of-the-art Innovation and Customization Center of Karma, Karma Engineering resources, and the Karma Design Studio to offer expertise and contract manufacturing services for the next generation of AYRO’s light-duty vehicles.

    Li Auto Inc. (NASDAQ: LI)

    Li Auto Inc. (NASDAQ: LI) rose 5.91% after gaining more than $0.95 on Tuesday. Li Auto Inc. (LI) has earlier announced the strategic cooperation with NVIDIA Corporation. Through this strategic cooperation, Li Auto will be the first OEM equipping its vehicles, the full-size extended-range premium smart SUV to be launched in 2022, with the powerful NVIDIA Orin SoC chipset.

    XPeng Inc. (NYSE: XPEV)

    XPeng Inc. (NYSE: XPEV) last closed at $18.78, in a 52-week range of $17.11 to $25.00.  XPeng Inc. (XPEV) disclosed that its wholly-owned subsidiary in China, Guangdong Xiaopeng Motors Technology Co., Ltd. entered into a cooperation agreement with Guangzhou GET Investment Holdings Co., Ltd. This company’s total market capitalization has remained high, hitting $13.43 billion at the time of writing.

    Electrameccanica Vehicles Corp. (NASDAQ: SOLO)

    Electrameccanica Vehicles Corp. (NASDAQ: SOLO) stock soar by 1.20% to $2.52. The most recent rating by ROTH Capital, on July 09, 2019, is at a Buy. Electrameccanica Vehicles Corp. (SOLO) earlier disclosed that the Company is planning to produce an alternative ‘utility and fleet’ version of its flagship SOLO EV, which is projected to become available in early 2021.

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU)

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU) shares headed falling, lower as much as -1.70%. The most recent rating by Evercore ISI, on December 18, 2019, is at an Outperform. Fiat Chrysler Automobiles N.V. (NYSE: FCAU) has earlier announced that it has settled with the U.S. Securities & Exchange Commission regarding the SEC’s investigation into certain emissions-related disclosures by FCA N.V. in early 2016. The settlement includes a payment of $9.5 million.

    GreenPower Motor Company Inc. (NASDAQ: GP)

    GreenPower Motor Company Inc. (NASDAQ: GP) stock drop by -3.36% to $10.51. The most recent rating by BTIG Research, on September 29, 2020, is at a Buy. GreenPower Motor Company Inc. (GP) market capitalization has remained high hitting, 192.07 million at the time of writing.

    Tata Motors Limited (NYSE: TTM)

    Tata Motors Limited (NYSE: TTM) fall -1.22% after losing more than -$0.11 on Tuesday. Tata Motors Limited (TTM) share price went from a low point around $3.92 to briefly over $14.03 in the past 52 weeks, though shares have since pulled back to $8.87. TTM market cap has remained high, hitting $6.38 B at the time of writing.

    Honda Motor Co. Ltd. (NYSE: HMC)

    Honda Motor Co. Ltd. (NYSE: HMC) last closed at $23.38, in a 52-week range of $19.38 to $29.44. Analysts have a consensus price target of $32.04. Honda Motor Co. Ltd. (HMC) has a total market capitalization of $41.71 billion at the time of writing.

     

  • Top 12 Trending Stocks In Auto Manufacturers Industry To Invest In

    Top 12 Trending Stocks In Auto Manufacturers Industry To Invest In

    The global auto manufacturing industry is entering into a new decade in which we anticipate a series of challenges and unexpected events. The manufacturing industry is moving with fast speed to keep pace with fast-moving technologies and innovations. The automotive industry is facing dramatic changes with the emergence of new technologies.

    The auto manufacturing sector needs to adjust its strategic priorities to gain a competitive edge.  2020 is the year of opportunities and challenges for the auto sector. The new technological advancement brings more opportunities for the industry. Consumer behavior is also changing with rapid technological innovation.

    Let’s take a quick look at the leading companies in the auto manufactures industry and see how the companies are following new trends:

    NIO Limited (NYSE: NIO)

    NIO Limited (NYSE: NIO) stock soar by 0.57% to $19.41. The most recent rating by Deutsche Bank, on September 08, 2020, is at a Buy. NIO Limited (NIO) has announced it has selected GM to be its manufacturing partner for its electric pickup truck dubbed the Badger. The Badger will use GM’s widely acclaimed Ultium battery technology. NIO Limited market capitalization remained high, hitting $26.29 billion.

    Workhorse Group Inc. (NASDAQ: WKHS)

    Workhorse Group Inc. (NASDAQ: WKHS) Shares headed rising, higher as much as 9.17%. The most recent rating by Oppenheimer, on September 03, 2020, is at an Outperform. Workhorse Group Inc. (WKHS) has earlier participated in the 9th Annual Gateway Conference on September 9th and 10th, 2020. Looking at its liquidity, it has a current ratio of 0.30. This company market capitalization has remained high, hitting $2.95 billion at the time of writing.

    General Motors Company (NYSE: GM)

    General Motors Company (NYSE: GM) last closed at $31.50, in a 52-week range of $14.32 to $38.96. It has moved up to 119.90% and moved down -19.14%. Analysts have a consensus price target of $40.38. General Motors Company (GM) has faced unexpected bills as India-China tensions delay the sale of India plant -sources. This company market capitalization has remained high, hitting $45.68 billion.

    Li Auto Inc. (NASDAQ: LI)

    Li Auto Inc. (NASDAQ: LI) stock drop by -1.33% to $17.03. The most recent rating by Morgan Stanley, on August 24, 2020, is at an Overweight. Li Auto Inc. (LI) has named Mr. Kai Wang as chief technology officer effective September 15, 2020. Mr. Wang will responsible for providing overall leadership in advanced technology research and development in intelligent vehicles, including electronic and electrical architecture, intelligent cockpit, autonomous driving, etc.

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU)

    Fiat Chrysler Automobiles N.V. (NYSE: FCAU) Shares headed falling, lower as much as -3.46%. The most recent rating by Evercore ISI, on December 18, 2019, is at an Outperform. Fiat Chrysler Automobiles N.V. (FCAU) has revealed that it has revised the merger deal with French partner PSA. After the deal revision,  FCA’s shareholders getting a smaller cash payout but a stake in another business.

    Electra Meccanica Vehicles Corp. (NASDAQ: SOLO)

    Electra Meccanica Vehicles Corp. (NASDAQ: SOLO) last closed at $2.58, in a 52-week range of $0.89 to $6.00. Electra Meccanica Vehicles Corp. (SOLO) has revealed that it has decided to produce an alternative ‘utility and fleet’ version of its flagship SOLO EV, which is expected to become available in early 2021. This company market capitalization has remained high, hitting $166.69 million.

    Nikola Corporation (NASDAQ: NKLA)

    Nikola Corporation (NASDAQ: NKLA) rose 1.06% after gaining more than $0.36 on Friday. Nikola Corporation (NKLA) revealed that Trevor Milton approached the Board of Directors and proposed to leave his position as an Executive Chairman and from the Board. The Board accepted his proposal, and Stephen Girsky, former Vice Chairman of General Motors Co. and a member of Nikola’s Board, has been named Chairman of the Board, effective immediately.

    Kandi Technologies Group Inc. (KNDI)

    Kandi Technologies Group Inc. (KNDI) stock drop by 0.00% to $6.14. Kandi Technologies Group Inc. (KNDI) revealed the establishment of a wholly-owned subsidiary for its battery swapping services, China Battery Exchange Technology Co., Ltd. Using this China Battery Exchange Technology Company, Kandi can better monetize its dozens of patents in the field of battery swap systems. This company market capitalization has remained high, hitting $335.18 million at the time of writing.

    Tesla Inc. (NASDAQ: TSLA)

    Tesla Inc. (NASDAQ: TSLA) shares were trading up 4.42% at $442.15 at the time of writing on Friday. 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 $442.15. TSLA market cap has remained high, hitting $394.56B at the time of writing, giving it a price-to-sales ratio of more than 10.

    If we look at the recent analyst rating TSLA, Piper Sandler reiterated coverage on TSLA shares with an Overweight rating and a $307.06 price target, which implies room for -135.09% downside momentum this year.

    Ford Motor Company (NYSE: F)

    Ford Motor Company (NYSE: F) last closed at $7.23, in a 52-week range of $3.96 to $9.60. It has moved up 82.58% from its 52-weeks low and moved down -24.69% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.30. This company market capitalization remained high, hitting $28.45 billion at the time of writing. Analysts have a consensus price target of $7.66.

    XPeng Inc. (NYSE: XPEV)

    XPeng Inc. (NYSE: XPEV) fall -1.77% after losing more than -$0.34 on Friday. XPeng Inc. (XPEV) share price went from a low point around $17.37 to briefly over $25.00 in the past 52 weeks, though shares have since pulled back to $18.90.  It has moved up 8.81% from its 52-weeks low and moved down -24.40% from its 52-weeks high. Looking at its liquidity, it has a current ratio of 1.10. XPeng Inc.’s market cap has remained high, hitting $14.14 billion at the time of writing.

    Tata Motors Limited (NYSE: TTM)

    Tata Motors Limited (NYSE: TTM) Shares headed falling, lower as much as -1.20%. The most recent rating by UBS, on August 17, 2020, is at a Sell. In the past 52-weeks of trading, Tata Motors Limited (TTM) stock has fluctuated between the low of $3.92 and a high of $14.03. It has moved up 152.04% from its 52-weeks low and moved down -29.58% from its 52-weeks high. This company market capitalization has remained high, hitting $7.11 billion at the time of writing.

  • 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.