Ford (F) PT Lowered to $21 at Benchmark

Tesla (TSLA) Plans Mass Production of Cybertruck by End of 2023

November 1, 2022 7:36 AM EDT

According to an exclusive story by Reuters today, citing two people familiar with the matter, Tesla (NASDAQ: TSLA) is planning to start mass production of its Cybertruck at the end of 2023.

Tesla said last month that it was working on readying its Austin, Texas plant to build the new model with early production set to start in the... More

EU Reaches Deal Banning New Combustion Engine Cars From 2035 - Bloomberg

October 27, 2022 2:49 PM EDT

EU Reaches Deal Banning New Combustion Engine Cars From 2035 - Bloomberg

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Meta Platforms, Ford, Altria Fall Premarket; Comcast, Southwest Rise

October 27, 2022 8:23 AM EDT

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, October 27th. Please refresh for updates.

Meta Platforms (NASDAQ: META) stock slumped 22.8% after the Facebook parent reported a drop in third-quarter... More

Ford (F) Reports Mixed Results, Shuts Down Argo; Analysts Positive on Strategy

October 27, 2022 6:35 AM EDT

Shares of Ford Motor (NYSE: F) are down 2% after the carmaker reported mixed Q3 results. Ford reported a Q3 EPS of $0.30 on revenue of $39.4 billion. This compares to the consensus of EPS of $0.32 on sales of $37.75 billion.

Moreover, Ford announced it is shutting down its Argo AI robotaxi business and taking a non-cash charge of $2.7 billion, including an $827 million Loss for Q3. Ford also plans to hire... More

Ford (F) PT Lowered to $12 at RBC Capital

October 27, 2022 6:32 AM EDT

RBC Capital analyst Joseph Spak lowered the price target on Ford (NYSE: F) to $12.00 (from $13.00) while maintaining a Sector Perform rating.... More

Ford Motor Q3 EPS Miss Estimates, While Revenue Beats, Shares Down 2%

October 26, 2022 4:37 PM EDT

Ford Motor (NYSE: F) reported its Q3 results, with EPS of $0.30 coming in worse than the consensus estimate of $0.32, while revenue of $39.4 billion (up 10% despite supply chain issues) beat the consensus estimate of $37.75 billion. Shares were trading nearly 2% lower after-hours.

In Q3,... More

Ford posts loss, takes sharp turn away from automated driving

October 26, 2022 4:12 PM EDT

By Paul Lienert and Joseph White

DETROIT (Reuters) -Ford Motor Co on Wednesday reported a third-quarter net loss driven by its decision to shift spending from the Argo AI self-driving business.

Ford's move, a sharp contrast with rival General Motors Co's decision to double down on investments in its Cruise robotaxi unit, highlights the pressure on automakers to make hard choices as the financial demands of shifting to electric vehicles continue to rise.

Both U.S. automakers continue to post heavy losses on automated-vehicle development.

Ford posted a net loss in the quarter of $827 million,... More

Ford Motor (F) Misses Q3 EPS by 2c, Revenue Beats; Raises FCF Outlook

October 26, 2022 4:09 PM EDT

Ford Motor (NYSE: F) reported Q3 EPS of $0.30, $0.02 worse than the analyst estimate of $0.32. Revenue for the quarter came in at $39.4 billion versus the consensus estimate of $37.75 billion.

Anticipates full-year adjusted EBIT to be about $11.5 billion, up about 15%; raises outlook for 2022 adjusted FCF to $9.5... More

Ford, Volkswagen-backed Argo AI to shut down- TechCrunch

October 26, 2022 3:48 PM EDT

(Reuters) -Self-driving startup Argo AI will shut down operations and its employees and parts will be absorbed by its main backers, Ford Motor Co and Volkswagen AG, TechCrunch reported on Wednesday, citing people familiar with the matter.

Argo employees were told that some of them would receive... More

Ford (F) Announces End to Fiesta Production

October 26, 2022 11:53 AM EDT

American auto maker, Ford (NYSE: F) announced on Wednesday that the company will be ending production on the Ford Fiesta. The once best-selling car in the world is being scrapped from the companys portfolio as Ford continues its push towards a fully electric lineup by 2030.

A... More

Ford Motor (F) call put ratio 2 calls to 1 put into quarter results and outlook

October 26, 2022 10:27 AM EDT

Ford Motor (NYSE: F) October weekly call option implied volatility is at 100, November is at 54; compared to its 52-week range of 36 to 65 into the expected release of quarter results today after the bell. Call put ratio 2 calls to 1 put.

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