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☆ Wall Street sees potential UAW strikes as manageable, with upsides
▼ + stars: | 2023-09-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Michael Wayland / CNBCDETROIT – Many on Wall Street view potential strikes by United Auto Workers against the Detroit automakers as largely manageable – even seeing investment opportunities. Using Ford, which has the most UAW employees at 57,000, as an example, RBC estimated margin impacts for 10% and 20% raises for union workers would be 0.39% and 0.79%, respectively. watch nowWhat "matters most" is the duration of a potential strike, Jefferies analyst Philippe Houchois said. Simultaneous national strikes against the Detroit automakers, which the UAW has alluded to doing, would be unprecedented. He estimates labor costs only account for around 4% of the global revenues for the Detroit automakers.

Persons: Michael Wayland, Tom Narayan, Jefferies, Philippe Houchois, Morgan Stanley, Adam Jonas, Jonas Organizations: United Auto Workers, General Motors, Hamtramck Assembly, CNBC DETROIT –, Detroit automakers, Motors, Ford Motor, RBC Capital, Ford, UAW, RBC, GM Locations: Detroit, Hamtramck, U.S

☆ Tesla has managed slowdowns in China in the past, says RBC's Tom Narayan
▼ + stars: | 2023-08-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla has managed slowdowns in China in the past, says RBC's Tom NarayanHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Tesla, Tom Narayan, Brian Sullivan, “ Organizations: CNBC Locations: China

☆ Looming auto workers strike could cost $5 billion in just 10 days, new analysis says
▼ + stars: | 2023-08-17 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

United Auto Workers members on strike picket outside General Motors' Detroit-Hamtramck Assembly plant in Detroit with Sen. Bernie Sanders, of Vermont, far left, Sept. 25, 2019. "However, with current inventories hovering around only 55 days, the industry looks different than it did during the last UAW strike." The automaker said the strike cost it about $3.6 billion that year in earnings. He said the union has no plans to extend the current contracts to allow for bargaining to continue without a strike, which was previously common practice. AEG's estimates do not include UAW strike pay or assessments for strike pay, unemployment benefits or unemployment taxes, income taxes on wages and other potential effects such as settlement bonuses.

Persons: Sen, Bernie Sanders, Tyler Theile, hasn't, Patrick Anderson, Shawn Fain, Tom Narayan, GM's Organizations: United Auto Workers, General Motors, Hamtramck Assembly, DETROIT, Detroit's Big, UAW, Ford Motor, Anderson Economic Group, AEG, Consumer, Detroit automakers, GM, Automotive Press Association, Ford, RBC Capital Locations: Detroit, Hamtramck, Vermont, Michigan

☆ Chinese EVs will make less of an impact in the US market than in Europe: Analyst
▼ + stars: | 2023-07-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChinese EVs will make less of an impact in the US market than in Europe: AnalystTom Narayan of RBC Capital Markets believes General Motor's push into the electric vehicle market will "change their entire brand image" and shares which companies would be most affected by the Chinese EV players.

Persons: Tom Narayan, Motor's Organizations: RBC Capital Markets, EV Locations: Europe

☆ Watch CNBC's full Bear vs. Bull panel on Tesla
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full Bear vs. Bull panel on TeslaTom Narayan, RBC, and Ron Jewsikow, Guggenheim Securities, join 'Closing Bell Overtime' to talk the bear and bull case for Tesla after the EV maker reported earnings.

Persons: Tesla Tom Narayan, Ron Jewsikow, Tesla Organizations: RBC, Guggenheim Securities

☆ Tesla is feeling the impact of price cuts when it comes to gross margins: Guggenheim's Ron Jewsikow
▼ + stars: | 2023-07-19 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla is feeling the impact of price cuts when it comes to gross margins: Guggenheim's Ron JewsikowTom Narayan, RBC, and Ron Jewsikow, Guggenheim Securities, join 'Closing Bell Overtime' to talk the bear and bull case for Tesla after the EV maker reported earnings.

Persons: Tesla, Ron Jewsikow Tom Narayan, Ron Jewsikow Organizations: RBC, Guggenheim Securities

☆ Analyst says this automaker could be next in line for a Tesla supercharger deal
▼ + stars: | 2023-06-20 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

TSLA GM,F 1M line General Motors also struck a similar deal with Tesla earlier this month. "By opening the charging infrastructure, that alleviates the main concern in the U.S., which is range anxiety. The de facto plug standard Narayan also said that such collaborations with Tesla could set a new standard in the automobile industry. Analysts have also suggested that any costs incurred by the carmakers for transitioning to Tesla's North American Charging Standard (NACS) plug standard will likely be immaterial, given the stakes. Since Nov. 2021, Tesla has opened its supercharger network in Europe, Australia, and China to non-Tesla vehicles.

Persons: Tesla, Tom Narayan, Ford, they're, Narayan, it's, Alex Vrabel, Mercedes Organizations: Chrysler, Peugeot, Maserati, RBC, Ford, General Motors, Detroit, GM, Motors, Tesla, CNBC, Toyota, Honda Civic, of, Global, BMW, Volkswagen Locations: U.S, United States, Europe, Australia, China

☆ RBC: 70% of our valuation for Tesla is focused on its autonomy capabilities
▼ + stars: | 2023-06-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC: 70% of our valuation for Tesla is focused on its autonomy capabilitiesTom Narayan, Lead Equity Analyst for European Autos at RBC Capital Markets, discusses how he's valuing Tesla compared to other automaker stocks.

Persons: Tom Narayan Organizations: RBC, Tesla, RBC Capital Markets

☆ Tesla shares sink as Musk signals more price cuts ahead
▼ + stars: | 2023-04-20 | by ( ) www.reuters.com time to read: +2 min

Tesla shares were trading at $168 before the bell, with at least 15 analysts lowering their price targets on the stock. "Facing a volatile macroeconomic backdrop and weakening demand, Tesla continues to prioritize units over near-term profits," said analysts at Canaccord Genuity. Musk suggested more cuts ahead, saying the company that has cut slashed prices six times so far this year will put sales growth ahead of profit in a weak economy. "Long-term we believe this (Tesla's price cuts) is the right strategy and leverages their cost leadership position. U.S. automakers ranging from Ford Motor Co (F.N) to startups such as Lucid Group Inc (LCID.O) fell between 0.7% and 2.8%.

☆ RBC downgrades this once-hot EV maker and slashes price target by 50%
▼ + stars: | 2023-04-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to step to the sidelines on Rivian Automotive , according to RBC Capital Markets. Analyst Tom Narayan downgraded Rivian to sector perform from outperform, saying the once-hot electric vehicle stock has limited catalysts in the near term. Additionally, the analyst halved his price target on Rivian to $14 from $28. The new price target is just slightly higher than where shares closed Tuesday, at $13.43. RIVN YTD line Rivian stock movement Rivian made one of the biggest public debuts in November 2021 when its implied valuation of $86 billion pushed the electric vehicle maker past the market cap of Ford.

☆ These are the most overbought and oversold stocks on Wall Street right now
▼ + stars: | 2023-02-11 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

For traders, one widely-used metric can help participants separate the most overbought, and oversold, stocks on Wall Street right now. The "relative strength index" measures the speed and magnitude of recent price moves , letting investors gauge possible overbought and oversold conditions in the market. Although overbought stocks can always rise further, theoretically until their RSI hits 100, and oversold stocks can still fall further, theoretically to 0, looking at RSIs remains helpful for investors looking to lighten up on existing positions or establish new ones. Amgen was identified as one of the most oversold stocks in the S & P 500. The pharmaceutical stock has a 14.6 14-day RSI rating, with just 35% of analysts rating the stock a buy.

☆ Analysis: Separation anxiety over Renault's five-way split
▼ + stars: | 2022-11-10 | by ( Gilles Guillaume | ) www.reuters.com time to read: +5 min

The main plank of the strategy is the separation of its combustion engine business from its electric vehicle (EV) operation. ELECTRIC PUSHAn early mover in electric cars, Renault has fallen behind newer, more agile rivals such as Tesla (TSLA.O). By teaming up its new businesses with the best available partners, "Renault hopes to win medals in those different sports instead of remaining at an average level in all five", he said. "This contrasts with what some other automakers have said, notably Volkswagen (VOWG_p.DE), Mercedes (MBGn.DE), and Stellantis (STLA.MI), who do not believe in (electric vehicle) business separations," he said. Reporting by Gilles Guillaume Writing by Nick Carey Editing by Silvia Aloisi and David GoodmanOur Standards: The Thomson Reuters Trust Principles.

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