Ford Next Launches Flexible Lease Pilot – Ford Drive – With Uber, Aiming to Boost Electric Rideshare Adoption
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Citi Upgrades Ford (F) to Buy
June 5, 2023 8:41 AM EDTCiti analyst Itay Michaeli upgraded Ford (NYSE: F) from Neutral to Buy with a price target of $16.00 (from $12.80).
The analyst comments "Upgrade to Buy from Neutral Following the results of our 2023 Vehicle Density survey, were upgrading Ford shares to Buy from Neutral and raising our price target to $16 from $12.8 on modestly higher target multiples (target 23E P/E of 8.0x vs. 6.8x prior, target Pro EV/EBITDA multiple of 6.5x vs. 4.5x prior, and Model-e at 4.5x... More
GM’s Mary Barra pushes back against autonomous vehicles doubters
June 2, 2023 1:44 PM EDTGeneral Motors (NYSE: GM) CEO Mary Barra spoke at a Sanford Bernstein conference Friday where she doubled down on her confidence that the company will experience significant growth opportunities in the autonomous vehicle industry over the next decade.
Barra restated her prediction that Cruise could generate $50 billion a year in annual revenue by... More
Tesla’s (TSLA) price cuts drive online traffic spike
June 2, 2023 7:48 AM EDTCiti has recently revised their "mindshare" tracker for electric vehicles (EVs), which keeps tabs on web traffic related to EVs. This tracker evaluates the level of engagement on websites associated with the overall EV market, as well as specific brands or companies, with the latter serving as a possible predictor of future EV market share and brand... More
