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Posts Tagged ‘Cars’

Third analyst downgrades Tesla stock

July 22nd, 2015 No comments

AP

AP

For the third time recently, an researcher at an investment bank has downgraded Tesla Motors’ stock.

UBS researcher Colin Langan has changed his rating to “sell” from “neutral” in the idea which the company’s sales expansion will no longer wow Wall Street, Reuters reported Tuesday. The headlines played massacre with Tesla shares, shutting Tuesday at $266.77, down $15.49 or 5.4%

Even yet the electric-car builder has found a total brand brand new entrance of expansion with the Tesla Energy home and commercial operation batteries, Langan is endangered which sales sequence aren’t organisation given intensity commercial operation have been expressing seductiveness but putting down deposits.

He additionally says the association faces hulk investigate and growth costs as it tries to set up the commercial operation around a lower-cost electric car, the Model 3 and develops brand brand new generations of batteries.

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Tesla shares creep toward 52-week high

July 6th, 2015 No comments

Don’t demeanour now, but Tesla Motors’ batch cost (TSLA) has been creeping up as secretly as the approach one of the Model S electric sedans silently glides home after the owner’s late-night tryst.

At about $279, down 0.50%, in midday trading, the batch is usually about $13 bashful of of the tall that it completed final September. In October, we asked Tesla CEO Elon Musk either his shares were overvalued and he warned opposite as well most unrestrained for the electric-car builder in the short term. In the prolonged term, he couldn’t have been some-more bullish.

AP

AP

But Tesla shares have been rarely volatile. In the months after that conversation, Tesla shares proposed falling. They sank as low as $181.40 a share in the spring.

At present, the batch is being helped by a integrate of factors. For one, Tesla only reported that it delivered 11,507 cars in the second quarter, a 52% enlarge over the same entertain final year. Its much-anticipated crossover, the Model X, is about to debut, that will serve progress the numbers.

Also, Bank of American Merrill Lynch researcher John Murphy only increased his aim cost on Tesla shares from $65 to $180, nonetheless he still rates Tesla as an “underperform.” Gas engines, he points out, still rule.

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Toyota buying back $4.9 billion in stock

June 16th, 2015 No comments

A patron walks past a brand brand brand brand new Toyota Camry at a dealership in this 2010 record photo. (AP Photo/Mark Humphrey)

A patron walks past a brand brand brand brand new Toyota Camry at a dealership in this 2010 record photo. (AP Photo/Mark Humphrey)

Toyota (TM) pronounced Tuesday which it is shopping behind as most as $4.9 billion in batch to have certain the shares don’t turn widely separated as it issues a category of brand brand brand brand new shares for longer-term investors.

The move follows Toyota’s vouch from Apr which it would repurchase a “substantial” series of usual shares as it creates brand brand brand brand new category of batch destined at long-term investors, Model AA shares, Bloomberg News reports. Shareholders usually gave their capitulation to Model AA.

The buyback could assistance reduce concerns of large institutional investors similar to the California State Teachers Retirement System, which Bloomberg says objected to the actuality which the shares have been sole usually in Japan and didn’t reason any good for holders of usual stock.

Model AA, declared for Toyota’s initial car model, was directed at those who will reason for the batch for a prolonged time, ancillary car models projects which will take years to develop.

Toyota shares sealed Tuesday at $136.06, up 55 cents or 0.41%, in trade on the New York Stock Exchange.

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FCA US faces filing deadline today

June 1st, 2015 No comments

This Mar 6, 2012 print supposing by the law offices of Butler, Wooten and Fryhofer, LLP shows the stage of a pile-up in Bainbridge, Ga., where a 4-year-old child declared Remi Walden was burnt and died when a Jeep Grand Cherokee was struck from the back by a Dodge Dakota pickup truck.  (Butler, Wooten and Fryhofer, LLP

This Mar 6, 2012 print supposing by the law offices of Butler, Wooten and Fryhofer, LLP shows the stage of a pile-up in Bainbridge, Ga., where a 4-year-old child declared Remi Walden was burnt and died when a Jeep Grand Cherokee was struck from the back by a Dodge Dakota pickup truck. (Butler, Wooten and Fryhofer, LLP

FCA US, the U.S. section of Fiat Chrysler Automobiles (FCAU), has until the finish of currently to discuss it the National Highway Traffic Safety Administration in item about the stop procedures.

NHTSA is perfectionist answers in essay as a preface to a scheduled Jul 2 conference about purported FCA US’s footdragging when it comes to recalls.

Although the conference will inspect FCA US overall, the many tall form stop is one which has concerned installing trailer hitches as a resolution to rear-end accidents which can means the gas tank on sure vehicles to explode.

Digging by complaints to NHTSA, the Detroit Free Press’ Brent Snavely found 6 owners of 2004 Jeep Libertys have been who complained of the time it is receiving their get their vehicles scheduled for repairs. Overall, which stop encompasses scarcely 1.6 million Jeeps.

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Car sales gains in May could help auto stocks

May 29th, 2015 No comments

A CarMax opening in Richmond, Va., is standard of the dealerships which could be finishing May with big sales

A CarMax opening in Richmond, Va., is standard of the dealerships which could be finishing May with big sales

(more…)

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Fiat Chrysler courts GM, but stock falls anyway

May 26th, 2015 No comments

Fiat Chrysler Automobiles CEO Sergio Marchionne speaks to investors at the automaker's universe domicile in Auburn Hills, Mich.

Fiat Chrysler Automobiles CEO Sergio Marchionne speaks to investors at the automaker’s universe domicile in Auburn Hills, Mich.

Fiat Chrysler’s pleadings to alternative automakers assumingly isn’t assisting the batch price.

FCA CEO Sergio Marchionne has been priesthood to any one who will attend which the attention needs serve converging — and he’s ready to deal. The ultimate growth was avowal Saturday by the New York Times which Marchionne sent an email to General Motors CEO Mary Barra suggesting a multiple of the dual companies. Barra assumingly wasn’t meddlesome in the thought for the moment.

FCA is office building a lot of vehicles these days, but investors have been still watchful for the big payoff. FCA’s distinction margins route those of the competitors, as Brent Snavely points out in the Detroit Free Press. And the automaker’s marketplace capitalization — the worth of the association — is only $20.4 billion, or about $11 billion bashful of pretender electric carmaker Tesla’s $31.3-billion marketplace capitalization. Yet Tesla sole about 20,000 cars final year. FCA sole 1.9 million.

Today, Fiat Chrysler (FCAU) shares were trade midday at about $15.70 a share, down 1.51% or twenty-four cents.

Analysts have been receiving Marchionne’s overtures severely and don’t indispensably see them as self-indulgent for FCA.

“We don’t hold Mr. Marchionne and Chairman John Elkann have been weighing in on attention converging only to opening frustrations,” Adam Jonas of Morgan Stanley pronounced in a note to investors. “We think they severely wish to be a partial of the process. We think they might be successful in interesting alternative players to at slightest come to the table.”

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Big hedge fund dives back into GM

May 15th, 2015 No comments

Greenlight Capital, run by David Einhorn, has paid for a brand brand new interest in General Motors. (AP Photo/Kathy Kmonicek, File)

Greenlight Capital, run by David Einhorn, has paid for a brand brand new interest in General Motors. (AP Photo/Kathy Kmonicek, File)

David Einhorn’s Greenlight Capital says in the first-quarter minute to investors which it repurchased a interest in GM, returning to a batch which it had sole in 2014 after 3 years.

Back then, Greenlight says it was perturbed at the superintendence which the association was offering, but says in the minute (via Marketfolly.com) “2015 should be a improved year for GM.”

GM is closer to finale waste in Europe and low gas prices will meant big direct for direct for the rarely essential SUV and pickups. Plus, tender materials have been comparatively low cost.

Greenlight is additionally tender which GM is going to strew a small of the money and will begin a batch buyback program.

Things already demeanour enlivening for Greenlight: GM shares have risen a small given Greenlight’s squeeze at $34.62 a share. GM sealed Friday at $34.91, up twenty-six cents a share or 0.75%.

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Trading halted in stock mistakenly thought linked to Tesla

May 8th, 2015 No comments

A pointer is posted at a Tesla salon on  in Palo Alto, California. (Photo by Justin Sullivan/Getty Images)

A pointer is posted at a Tesla salon on in Palo Alto, California. (Photo by Justin Sullivan/Getty Images)

Regulators have stopped trade in shares of a penny batch after investors sent the shares hurtling as tall as 10,000% Thursday in the belief, which turns out to be mistaken, which it involves the same association being acquired by electric car builder Tesla Motors.

The complaint for the Riviera Tool (RIVT) listing, it turns out, is which the company’s shares were listed on the American Stock Exchange in 2007 when it was acquired by an investment firm. Tesla, indeed, acquired a Grand Rapids, Mich., association this week which creates automobile tools with the same name, Riviera Tool, but it is not related to the stock, the Detroit Free Press reports.

The Free Press says regulators stopped trade in the old Riviera inventory (RIVT) inside of twelve mins of the story looming about the run-up in batch price. Shares which had been trade for reduction than a penny swooned 10,000% afterwards staid down to a tighten of 4,400%.

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Tesla-related stock shoots up 10,000% in hours

May 7th, 2015 No comments

A drudge puts on the tip of a Tesla Model S at the Tesla bureau in Fremont, Calif. (Photo by Paul Sakuma/Associated Press)

A drudge puts on the tip of a Tesla Model S at the Tesla bureau in Fremont, Calif. (Photo by Paul Sakuma/Associated Press)

Apparently, a little traders suspicion they could have a little critical income Thursday on a Tesla-related penny stock, pushing it up 10,000% in a make a difference of hours. But will they be means to collect?

That’s the big subject surrounding Riviera Tool (RIVT), a machining association formed in Grand Rapids, Mich. The Detroit Free Press reported Wednesday night that electric-car builder Tesla Motors (TSLA) skeleton to take Riviera Tool, and the batch went by the roof tiles in over-the-counter trading.

That’s what can occur when your association appears to be staid to take a brand new name that could be sorcery with investors: Tesla Tool and Die.

But as the Free Press’ Nathan Bomey reports, the batch competence be worthless. Though it can still be traded, the batch had languished and shopping it competence be same to purchasing shares of pre-bankruptcy General Motors, instead of today’s GM, he writes.

No criticism from the company, according to Bomey.

Riviera Tool shares proposed Thursday at reduction than a penny, rose fast to 60 cents, and staid behind to twenty-two cents — a small 4,400% for the day.

The association has about a staff of 100 and creates tools for Tesla, that has the electric car bureau in Fremont, Calif.

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Tesla’s Elon Musk welcomes an Apple car

May 6th, 2015 No comments
Elon Musk is CEO of Tesla Motors

Elon Musk is CEO of Tesla Motors

Tesla CEO Elon Musk pronounced Wednesday which he would acquire a brand new car from Silicon Valley opposition Apple.

“I goal Apple gets in to the car business. That would be great,” Musk pronounced on an discussion call to plead Tesla’s first-quarter earnings.

Though Apple, with the outrageous money reserves, could have a outrageous stroke on the marketplace for modernized cars, Musk has regularly speedy alternative automakers to come in the competition for electric cars. A incomparable marketplace for the cars and the fad it would generate, can usually assistance Tesla, he argues. As if to infer he is sincere, he has non-stop Tesla’s patents to competitors.

He additionally says Tesla, which is formed in the Silicon Valley bottom of Palo Alto, hasn’t mislaid a lot of engineers to Apple, which is formed in circuitously Cupertino. Tesla, he asserts, has recruited far some-more Apple workers than Apple has taken from Tesla.

Apple’s work on cars is hidden in secrecy, but it was emitted not long ago which it reportedly has a organisation building cars.

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