U.S. House to investigate Ford’s (F) partnership with China’s CATL

CATL signals Ford (F) cooperation is proceeding as normal

July 24, 2023 11:05 AM EDT

Chinese battery giant CATL released a statement Monday signaling that the companys cooperation with Detroit automaker, Ford Motor (NYSE: F) will move forward as planned. The statement follows an announcement Friday from two congressmen that the partnership is under investigation by the U.S.... More

Musk talks price cuts, FSD and robotaxis on Tesla (TSLA) earnings call

July 20, 2023 9:39 AM EDT

Tesla (NASDAQ: TSLA) held its Q2 earnings call after market closed Wednesday. According to the release, the electric vehicle makers profits grew 20% in the quarter to $0.91 per share, coming in ahead of the streets estimate of $0.79. Revenue for the quarter increased 47% to $24.93 billion, versus the consensus estimate of $24.29 billion.

Tesla CEO Elon Musk joined the call to announce the companys record vehicle production and deliveries and record revenue during Q2. These results come after the companys Model Y became the best-selling vehicle of any kind globally in Q1,... More

Ford Motor (F) option implied volatility into quarter results next week

July 20, 2023 4:58 AM EDT

Ford Motor (NYSE: F) 30-day option implied volatility is at 36; compared to its 52-week range of 29 to 580 into quarter results next week.

... More

Tesla falls 3% after earnings, Q2 seen as a 'low quality' beat

July 19, 2023 4:25 PM EDT

(Updated - July 20, 2023 6:13 AM EDT)

Investing.com -- Tesla reported second-quarter results that beat on both the top and bottom line as the electric vehicle maker's margins were less bad than feared despite recent price cuts.

Still, Tesla Inc (NASDAQ: TSLA) shares were down nearly 3% in pre-market Thursday following the report.

Tesla reported EPS of $0.91 on revenue of $24.93 billion. Analysts polled by Investing.com anticipated EPS of $0.79 cents on revenue of $24.29B.

Gross margins excluding credits, which have been closely watched following recent price cuts, fell 6.82% to 18.2% in Q2... More

US government agencies target purchasing 9,500 EVs in 2023

July 19, 2023 3:43 PM EDT

By David Shepardson

WASHINGTON (Reuters) -U.S. government agencies are targeting buying 9,500 electric vehicles in the 2023 budget year, but face supply issues and higher costs, a federal report said on Wednesday.

That's almost three times the number acquired in the prior budget year.

The Government Accountability Office said 26 agencies with approved EV acquisition plans estimated they would need over $470 million for vehicle purchases and almost $300 million in estimated costs to design and install the necessary... More

Nissan to adopt Tesla (TSLA) charging standard in U.S. and Canada

July 19, 2023 9:03 AM EDT

Nissan revealed Wednesday that they have agreed to adopt Teslas (NASDAQ: TSLA) North American Charging Standard (NACS) technology in the U.S. and Canada, joining global peers such as Ford (NYSE: F), General Motors (NYSE:... More

Ford (F) lightning price cut reignites debate on EV demand

July 19, 2023 7:29 AM EDT

Ford (NYSE: F) announced Monday a price cut on its F-150 lightning electric truck. A move that has reignited discussions about the future demand and pricing of electric vehicles. Up until now, Tesla's bold price reductions have allowed them to sustain impressive year-over-year growth while preventing other original equipment manufacturers (OEMs) from securing significant market... More

Goldman Sachs to report, Tesla and Netflix on tap - what's moving markets

July 19, 2023 5:53 AM EDT

Investing.com -- Goldman Sachs is on deck to release quarterly earnings that, some analysts fear, could be among the worst in the banking giant's history. Electric carmaker Tesla and streaming group Netflix will also deliver results after the bell. Elsewhere, Microsoft announces the price of its new generative artificial intelligence service in its productivity software.

1. Goldman Sachs to round out bank earnings

Goldman Sachs (NYSE: GS) is set to unveil its latest returns on Wednesday, with some investors bracing for the Wall Street powerhouse to potentially report... More