All articles tagged with #auto stocks
President Trump is considering a plan to provide tariff relief to U.S. car manufacturers, potentially extending a 3.75% offset on vehicle retail prices for five years and including U.S. engine production, leading to a rise in auto stocks like Ford, GM, Honda, and Toyota.
European auto stocks like Volkswagen and BMW fell after a new US-EU trade deal included a 15% import tariff on European cars, despite the deal reducing potential tariffs and easing trade tensions. Investors may have expected more favorable terms, and the ongoing tariffs are expected to impact the European auto industry financially, while automakers like GM and Ford prepare for potential cost increases. The market reaction reflects cautious optimism about the deal's long-term effects.
Rivian Automotive, Inc. is set to report its Q4 2023 earnings, with expectations of a loss per share of $1.39 and revenues of $1.28 billion. The company has shown improvement in vehicle production and deliveries, leading to a potential boost in revenues. Additionally, cost reduction efforts and a narrowed net loss are anticipated to positively impact the upcoming results. The electric vehicle maker is predicted to beat earnings estimates, with other auto stocks like Lucid Group, Nikola Corporation, and Fisker Inc. also gearing up to report their Q4 earnings.
Tesla has once again reduced prices for its vehicles in China, causing a slump in auto stocks as concerns arise about a renewed price war. The price cuts include the top-end Long-Range and Performance versions of the Model Y, as well as an insurance subsidy for newly purchased Model 3 rear-wheel drive vehicles. This move follows similar price reductions by other automakers in China. Tesla's deliveries in China dropped by 31% in July, prompting the company to seek ways to maintain sales volume.
Tesla has once again reduced prices for its vehicles in China, causing a slump in auto stocks as concerns arise about a renewed price war. The price cuts include the top-end Long-Range and Performance versions of the Model Y, as well as an insurance subsidy for newly purchased Model 3 rear-wheel drive vehicles. This move follows similar price reductions by other automakers in China. Tesla's deliveries in China dropped by 31% in July, prompting the company to seek ways to maintain sales volume.