Will conflict between Russia and Ukraine ruin the car market?
Volvo, Daimler, Mercedes-Benz, and Harley-Davidson have also said they are halting shipments to Russia. Ford -- which as you'll note up above is actually down more than GM today -- has not yet stated that it will halt operations in Russia, where it owns a 50% stake in three separate car plants. -- Mykhailo Fedorov (@FedorovMykhailo)-- Mykhailo Fedorov (@FedorovMykhailo) @elonmusk, while you try to colonize Mars -- Russia try to occupy Ukraine! While your rockets successfully land from space -- Russian rockets attack Ukrainian civil people! We ask you to provide Ukraine with Starlink stations and to address sane Russians to stand. Tesla on the other hand might actually gain some goodwill during this conflict. As of 12:40 p.m., shares of both Ford Motor ( F -2.72% ) and General Motors ( GM -4.63% ) are down steeply -- 6.9% and 5%, respectively. Reuters has the story.
Check out the companies making headlines in midday trading. Defense stocks — Defense stocks rose as the conflict between Russia and Ukraine continued on ...
Gilead Sciences — Shares of Gilead Sciences dipped 1.1% after BMO downgraded the stock to market perform from outperform. Tesla — Shares of Tesla rallied 7.4% after Bernstein hiked its price target on the EV stock. Healthcare Realty shares dropped 11.1%. However, Sacconaghi kept an underperform rating on the stock and still forecasts significant downside from here. Chevron gained 2.5%. Northrop Grumman climbed 7.9%, while Raytheon Technologies gained 4.6%, and General Dynamics added 2.8%. Lockheed Martin, which was also upgraded to to outperform from peer perform by Wolfe Research, rose 6.6%.
Automotive investors woke up to a growing oil shock Tuesday, and it's taking a toll on shares of General Motors, Ford Motor Co. as well as many parts ...
Most auto investors are part of the value tribe of the investing world. Tesla is a growth stock. Meanwhile, shares of electric vehicle manufacturer Tesla are holding up better.
But fast forward to 2022, and Ford just beat Tesla at its own game, winning the award for top electric vehicle (EV) from Consumer Reports for its Mustang Mach-E ...
Based on its far-less-expensive valuation, a broader product portfolio that is adding new hits like the Maverick, Bronco, and F-150 Lightning, and better returns to shareholders, I view Ford as the better investment going forward over the long term. While Tesla has some great products and is a pioneer in the industry, Ford seems to be looking to catch up in the EV segment and also has a broader overall portfolio of models, so I am giving the edge to Ford here, especially as its new models like the Maverick, Bronco, and F-150 Lightning are gaining momentum. Ford CEO did state that they are still seeking out "real experts" to expand their EV business and drive scale, so it seems that Ford is not in the same position as Tesla in terms of EV talent. But looking ahead, it seems that Ford is starting to catch up with Tesla in terms of its vehicles. Even on a price-to-sales basis, which just takes revenue into account and ignores profitability, Ford looks like a bargain at 0.5 times sales, whereas Tesla trades at 16 times sales. Tesla was blazing a path to a trillion-dollar market cap and becoming a multibagger many times over, whereas Ford stock had been stuck in neutral for years.
Are These Top EV Stocks Worth Watching Right Now?As Russia continues to escalate its attacks on Ukraine, countries across the globe continue to impose heavy ...
Moreover, Tesla seems to be hard at work growing its operations in Europe. According to reports coming out of Germany, the company is nearing approval to kickoff production at its latest factory outside of Berlin. Should this be the case, this would boost Tesla’s annual production capacity by about 500,000 cars. For a sense of scale, the company completed over 308,000 vehicle deliveries in its latest quarter. The upgrade will enable the company to accelerate the delivery of its order backlog with ease. Naturally, this is apparent after considering its pioneering work and towering presence in the field. The company has an asset-light, direct-to-consumer operating model that supports recurring revenue, reduced cyclicality, and a rapid path to production and profitability. With all this in mind, here are four top EV stocks to watch in the stock market this week. First up, we have Li Auto, an EV manufacturer with headquarters in Beijing, China. The company develops and manufactures premium smart EVs that mainly cater to the Chinese middle-class markets. Following that, we have XPeng, yet another Chinese EV manufacturer that has made huge strides in the EV market in recent years. In fact, it is a pioneer in successfully commercializing extended-range EVs in China. The company also develops next-generation EV technology and smart vehicle solutions. Namely, this would include the G3 SUV and its four-door sports sedan, the P7. It combines modern design with high performance, coupled with safety and reliability. The combination of this system with the full-stack, self-developed NOA as part of Li ONE’s standard configuration creates a safer and more convenient driving experience and offers superior suitability for long-distance family travel,” said Yanan Shen, co-founder, and president of Li Auto. Given this piece of news, is LI stock worth investing in? Because of this, investors may be considering electric vehicle (EV) stocks alongside green energy stocks in the stock market today.