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2023-07-29 20:45:24 ET The Biden administration issued a proposal this week directing automakers to raise the fuel economy of their vehicles to a fleet-wide average of 58 miles per gallon by 2032, as it seeks to cut greenhouse gas emissions and reduce the use of fossil fuels. The prop...
2023-07-29 12:00:00 ET Summary Despite the recent correction following the fiscal Q2 2023 earnings call, Tesla, Inc. stock still has managed to retain much of its premium and recovery from the January 2023 bottom. Elon Musk's plan to flood the market with Tesla EVs appear to be wo...
2023-07-28 12:30:40 ET Summary Volkswagen Group's Q2 profits were lower than expected due to negative effects of commodity hedging and increased competition in China. The company confirmed its 2023 financial outlook but slightly lowered its delivery estimates. Volkswagen signed tw...
2023-07-27 15:37:48 ET Summary XPeng Inc. announced a major investment partnership with Volkswagen. The Chinese EV manufacturer has forecast a sharp rise in deliveries for Q4, though management has a history of not meeting targets. XPEV stock has reasonable upside at $20, but ...
2023-07-27 10:22:08 ET Volkswagen AG (VWAGY) H1 2023 Earnings Conference Call July 27, 2023 03:00 ET Company Participants Sebastian Rudolph - Head of Global Group Communications Rolf Woller - Head, Group Treasury & Investor Relations Oliver Blume - Chief Exec...
2023-07-27 08:25:29 ET Summary NIO stock has experienced a stunning recovery, invalidating my previous bearish thesis. Buyers jumped onto the bandwagon as Volkswagen formed a new partnership with XPeng. The news has spurred significant optimism that Nio could work with other autom...
2023-07-27 08:08:07 ET Volkswagen press release ( OTCPK:VWAGY ): 1H GAAP EPS of Є14.86. Revenue of Є156.26B (+18.2% Y/Y). Sales revenue increased 18.2% as the company stemmed some of its losses in China, where sales were down 1.2%. The W...
2023-07-26 22:26:00 ET Summary Countries and companies are increasingly wary of possible shortages of raw materials going forward and seek to secure supply. Battery metal demand is also evolving as demand shifts between chemistries. Current interdependence is significant and a...
2023-07-23 21:25:42 ET Summary Actually the "bad news" is really good news as well, since they are affording a fantastic opportunity to buy on the cheap. How can we be having a new bull market when the best names could be falling? The rally is widening, other sectors are growing a...
2023-07-21 12:58:00 ET New car registrations in the European Union increased by 17.8% in June to one million unit, the European Automobile Manufacturers' Association (ACEA) said on Thursday. Battery-electric cars made up for 15.1% of new registrations in EU, up from 10.7%, a year earlie...