CATL signals Ford (F) cooperation is proceeding as normal
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This car company made it on to Citi's top AI stocks list and it is not Tesla
July 24, 2023 8:52 AM EDTCiti analysts led by Drew Pettit reiterated a positive medium-term outlook on the artificial intelligence (AI) theme as Wall Street continues to position itself for a business transformation that is taking place around the globe.
Pettit especially highlighted the free cash flow (FCF) aspect that AI strengthens, in addition to the fact that GenAI is positively impacting near- and longer-term EPS estimates as some... More
U.S. House to investigate Ford’s (F) partnership with China’s CATL
July 21, 2023 11:10 AM EDTThe United States House of Representatives revealed Friday that they have opened an investigation into Detroit automaker Ford (NYSE: F) and their partnership with Chinese battery company CATL.
The automaker announced in February its intention to use technology from CATL as part of the automaker's plan to spend $3.5 billion to build a battery plant in... More
Musk talks price cuts, FSD and robotaxis on Tesla (TSLA) earnings call
July 20, 2023 9:39 AM EDTTesla (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 EDTFord 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