Headed into 2023, automotive investors have a lot to worry about including rising interest rates, vehicle affordability, car pricing, supply chains, inventories, and, of course, the possibilities of a...
Tag: gm
Are Warren Buffett’s Investment Aides Beating the Stock Market?
Todd and Ted may be having a tough year in the stock market. Todd Combs and Ted Weschler each were hired by Berkshire Hathaway (ticker: BRK/A, BRK/B) CEO Warren Buffett more than a decade ago to manag...
The Booming Electric Car Market Still Has A Long Road Ahead Of It
Tom Paiva Photography/Blend Images LLC/Getty Images Electric vehicle sales are at an all-time high and should reach 1 million units in 2023, but will remain de facto luxury purchases owing to high b...
Tesla Stock Just Keeps Falling. The ‘Chart’ Is in Control.
Tesla stock was weak again despite the likelihood CEO Elon Musk will step down as head of Twitter, and earnings estimates for 2023 are staying remarkably stable. Investors are scrambling. They can’t, ...
Tesla’s Elon Musk Has a Finance Lesson For Investors. They Disagree.
There is little time off for investors following Tesla these days. The weekend before Christmas is no exception. In the past couple of days, there have been more tweets about the electric-vehicle make...
Elon Musk’s Twitter Antics Are Tarnishing Tesla – Just As Its EV Rivals Are Catching Up
“I think if you’re a senior leader at Tesla, you’re praying and hoping that either Elon changes focus or gets off this Twitter thing.” Last year, Elon Musk was cracking jokes on Saturday Night Live. N...
Competitors chip away at Tesla’s share of U.S. EV market
DETROIT — New electric vehicle models from multiple automakers are starting to chip away at Tesla’s dominance of the U.S. EV market, according to national vehicle registration data. But numbers collec...
The Next U.S. Energy Revolution Is Here
Until now, the U.S. clean-energy revolution has been imported. Other countries make almost all of the batteries, solar panels, and critical chemicals used in America. But the revolution is starting to...
The Fisker Ocean Is a Reality. Why It’s Not Just Another EV.
Today is the day, the day when production of the all-electric Fisker (ticker: FSR) Ocean SUV begins. Fisker is not Tesla It’s a small EV start-up that will only deliver a handful of cars in 2022, but ...
Market Losses Can Reduce Your Tax Bill for Years. Here’s How.
This year’s market mayhem could shave your tax bill for years to come. With just weeks to go, 2022 is poised for steep negative annual returns in both stocks and bonds, a correlated collapse that has ...
BYD’s Wang Chuanfu Explains How China’s No. 1 EV Maker Caught Up With Tesla
This story is part of Forbes’ coverage of China’s Richest 2022. See the full list here. BYD’s Success Puts Him No. 11 On China’s 100 Richest With $17.7 Billion Fortune. The Chinese billionaire whose B...
Is This Increasingly Electric Auto Giant A Buy Or Sell?
| Getty Images Key Takeaways GM was able to top earnings estimates for the third quarter. GM continues to focus on electric vehicles and energy storage as the company looks to compete directly with Te...
Carvana, Dealers Show Risks of Deflation. Ford, GM Investors Should Watch Out.
Text size A Carvana car-vending machine in Huntington Beach, Calif., in 2019. Mark Ralston/AFP/Getty Images Why buy now if prices are going to be lower tomorrow? That isn’t a question U.S. consumers h...
GM, Pfizer, Audi Pull Ads From Twitter After Musk Sale—Here Are The Other Companies Rethinking Their Ties
Topline Twitter owner Elon Musk’s plan to right the social media company’s financial ship while also loosening its content moderation rules could face early headwinds, with several large c...
GM, Ford Say They Aren’t Running Twitter Ads As They Assess Changes Under Elon Musk
Elon Musk carrying a sink into Twitter headquarters in San Francisco on Oct. 26. Twitter account of Elon Musk/AFP via Getty Images Elon Musk’s takeover of Twitter has many users worried about changes ...
XPeng Stock Plunges After Rare Double-Downgrade
Shares for Chinese electric vehicle maker XPeng have just been hammered in 2022—and they dropped even more Friday after a once-bullish analyst said to sell the stock. Citi analyst Jeff Chung doubled-d...
Ford Earnings Are Coming. What To Expect.
Third-quarter results from Ford Motor are due after the close of trading Wednesday. They should tell investors something about the state of the U.S. auto industry. Wall Street is looking for third-qua...
Ford already ‘bit the proverbial bullet’ ahead of earnings, but GM results could go either way
Ford Motor Co.’s third-quarter earnings report shouldn’t be too dramatic since the company already warned about rising costs and inventory problems, but General Motors Co.’s report could be a differen...
Goldman Sachs Reports Earnings Today. Everyone Is Watching For This.
Goldman Sachs Group is the last of the big banks to post third-quarter earnings but Wall Street is more concerned over the investment bank’s bigger plans. Over the last few weeks reports have noted th...
EV Sales Boom May Nearly Quadruple Warren Buffett-Backed BYD’s Nine-Month Profit
BYD, China’s EV leader, is making a push into overseas markets with its Atto 3 electric sport … [+] utility vehicle model. Photographer: Kiyoshi Ota/Bloomberg © 2022 Bloomberg Finance LP ...
‘Auto makers are building more expensive vehicles’: Why you should not buy a new car in 2023
There are always good reasons for most people not to buy a new car. Such a purchase can set you back for years, as high monthly payments delay the buildup of savings and investments that will be neede...