Tag Archives: Transportation

Ferrari presented rather mixed Q4 results. It has negatively affected the price of RACE stock though it recently hit a 52-week high. Will the introduction of the first SUV boost the stock in 2021-2022?The Italian maker of luxury and sports cars Ferrari SpA announced that its diluted earnings per share in the last quarter of 2019 amounted to €0.90, which is over 10% lower on an annual basis, while shipments slid 1% to 2,376 in the same period.Net revenues grew 10% to total €927 million as...

Citizens of the Netherlands, who want to buy electric cars after July 1, 2020, will receive up to €4,000 ($4,425) from the government to cover their expenses. Is it good news for Tesla?The Netherlands decided to support a greener and ecological transport in 2020. As per the announcement, the country plans to award drivers with the money for buying a new electric vehicle (EV). This will be practiced with private buyers nevertheless they decide to buy new or used electric cars.According to a...

Ford has reported earnings for its 2019 fourth quarter. The figures reported by the automaker are much worse than both the company and Wall Street expected to see.Detroit-based Ford Motor recently released disappointing figures from its earnings report for 2019’s fourth quarter. Its forecast for 2020 is also less than expectations from Wall Street. In response to these disappointing figures, the company’s shares plunged. As trading closed yesterday, Ford (F) stock plummeted by almost 10%, to...

Tesla (TSLA) stock is in green. Moving higher, it is a real booster for the stock market. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq have surged.We are just one month into 2020 as Tesla investors are riding with immense joy. So far, Tesla Inc. stock price has surged 100% since the beginning of the year in an unprecedented rally.Tesla’s stock has been soaring new highs ever since it announced its Q4 2019 beating street estimates. On Tuesday, February 4, the Tesla stock...

Tesla announced its plans to make its own ride-sharing app before it accomplishes full autonomy. Per its announcement, the drivers should be covered under the automaker’s own driver insurance.Tesla is taunting its ride-hailing app for a few years now and the point is that the app should be powered by Tesla’s self-driving system. “Tesla Network”, as its CEO Elon Musk called it, was in his head since the last year when he talked about achieving full autonomy of his vehicles. However, during the...

Tesla’s market cap now stands at more than $140 billion as TSLA stock has already reached $780 (and is moving even higher in the premarket). Let that sink in for a bit. This is more than the famous U.S. automakers General Motors ($48.2B) and Ford ($35.7B) – together. And that’s not all folks. The best is yet to come.As per the ARK Investment Management, which has assigned an astronomical price target for the electric vehicle manufacturer of $15,000 by 2024. If that happens, it would make...

Currently, the leading electric car manufacturer Tesla is recruiting new talents. It may seem that getting a job at Tesla is unrealistic as only professionals with incredible skills are working there. However, we are going to change your mind.On Sunday, Elon Musk tweeted that Tesla’s artificial intelligence department can recruit you even if you don’t have a college degree.“At Tesla, using AI to solve self-driving isn’t just icing on the cake, it the cake” – @lexfridmanJoin AI at Tesla! It...

Elon Musk‘s Tesla Inc. is on a roll as the company’s stock price has surged nearly 100% in the last three months. Last Wednesday, January 29, Tesla released its Q4 2019 earnings taking Wall Street by a big surprise.Beating the analysts’ expectations, Tesla registered total sales of $7.38 billion against the street projections of $7.02 billion. The electric car maker posted an EPS of $2.14 against the expected $1.71. The company said that its Model 3 deliveries were up 45% YoY and it expects...

Porsche makes a great comeback to the Super Bowl with its first ad since 1997. The commercial is showing a 60-second car chase with the main star – all-electric Taycan Turbo S sports car.According to the company, a Super Bowl ad featuring the Taycan was really important in order to build awareness for the car. As Porsche already has mentioned, its main attempt is to continue attracting new customers interested in all-electric vehicles.Klaus Zellmer, president and CEO of Porsche Cars North...

Panasonic Corp reported on Monday its first quarterly profit in U.S. battery business with Tesla Inc. The news comes after the U.S. electric vehicle maker reported its second successive quarterly profit last week, as vehicle deliveries hit a record. Tesla also said it would comfortably make more than half a million units this year, pushing its shares to new highs.Panasonic’s Chief Financial Officer Hirokazu Umeda said, referring to battery cell production, that the company is catching up as...