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☆ Jim Cramer says he's betting on Ford but still thinks Tesla is a buy
▼ + stars: | 2023-06-20 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer said Tuesday that many on Wall Street have it all wrong when it comes to legacy automaker Ford . "I think there's real value here in Ford, more value than is captured by its $14 share price even with that 4.25% yield," Cramer said. Cramer said he's chosen Ford over Tesla for CNBC's Investing Club because he wants value, and that's what he's seen throughout his visit to the company headquarters in Dearborn, Michigan. For Tesla, Cramer said, Wall Street treats it as a tech company that won't be hit as hard if the broader economy suffers. At these prices, I'll take Ford over Tesla any day, and believe me, I like them both."

Persons: CNBC's Jim Cramer, Ford, Cramer, you've, it's, he's, Tesla Organizations: Ford, CNBC's, Tesla, Federal Reserve Locations: Ford, Dearborn , Michigan, America

☆ Tesla snaps 13-day record-winning streak. Here's what the pros are saying
▼ + stars: | 2023-06-15 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts on Tesla . The experts talked about the electric vehicle maker. Earlier this week, the stock snapped its streak of 13-straight winning days, the longest run in the company's history. Tesla's previous record for such a feat was 11 consecutive positive days in 2021. In addition, RBC Capital Markets raised its price target on the stock to $305 from $212 Thursday.

Organizations: Tesla, RBC Capital Markets

☆ Chinese Tesla rival Xpeng gets approval to roll out driver-assist tech in Beijing
▼ + stars: | 2023-06-14 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — Chinese electric car brand Xpeng announced Thursday it received approval to start rolling out assisted driving tech to users in the nation's capital city of Beijing. It was not immediately clear when the driver-assist tech could be used on all Beijing city streets. Thursday's announcement follows Xpeng's release of urban scenario driver-assist tech for users in Shanghai in March, after an earlier rollout in Shenzhen and Guangzhou. Xpeng is the only automaker in China to offer a similar level of driver-assist technology as Tesla . While Tesla offers assisted driving technology for use on highways, its "Full Self Driving" function for driver-assist on city streets isn't yet available in China.

Persons: Xpeng Organizations: CNBC, Tesla Locations: Beijing, Sanyuanqiao, BEIJING, Shanghai, Shenzhen, Guangzhou, Xpeng, China

☆ Tesla rises for a record 12th straight day. Here's how to play the stock
▼ + stars: | 2023-06-12 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts on Tesla . The experts discussed the electric vehicle maker's 12-day winning streak — its longest ever. On that day, Tesla announced a new deal to allow Ford EV owners access to more than 12,000 of its charging stations in the U.S. and Canada, starting next year. General Motors struck a similar agreement with Tesla last week. Most recently, Wolfe reiterated Tesla as peer perform , but the firm is bullish on the electric vehicle charging opportunity.

Persons: Tesla, General Motors, Wolfe Organizations: Tesla, Ford EV, General Locations: U.S, Canada

☆ Tesla stock pops on partnership with General Motors. Here's what the experts have to say
▼ + stars: | 2023-06-09 | by ( Christina Falso | ) www.cnbc.com time to read: 1 min

Market Movers rounded up the best reactions from investors and analysts on Tesla . The experts, including Jim Cramer and Cathie Wood of Ark Invest, discussed the electric vehicle maker as its stock popped 4%. Further, Wedbush added Tesla to its " Best Ideas List ," saying investors "recognize the underlying value in the Tesla EV ecosystem." Last month, Ford also reached an agreement with Tesla on charging station access. Cramer said he thinks Ford is the big winner out of the three automakers involved in the new electric vehicle partnerships.

Persons: Jim Cramer, Cathie, Mary Barra, Elon Musk, Wedbush, Tesla, Ford, Cramer Organizations: Tesla, Ark Invest, General, GM, Charitable Locations: Ark

The S & P 500 is up 1.8% week to date, on pace for a third consecutive week in the green. Cruise companies Royal Caribbean and Norwegian Cruise Line also had a strong week, gaining 7.8% and 9.3%, respectively. The consensus price target for shares implies just 7.2% additional upside, per FactSet data. Another cruise line on the list is Carnival , which saw shares rise 6.7% week to date. Dish could soar an additional 124.1% based off the average price target on shares.

Organizations: Dow Jones Industrial, Nasdaq, Match, Cruise, Royal, Royal Caribbean, Dish, Bloomberg News, Enphase Energy, Intel, Netflix, Digital Realty Trust Locations: Royal Caribbean

☆ Tesla vs. BYD: Here's why one fund manager prefers the Buffett-backed automaker
▼ + stars: | 2023-05-22 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

In an era defined by the need to tackle climate change, electric vehicles are seen as an increasingly important part of the solution. For Philip Ripman, portfolio manager at Storebrand Asset Management, one global EV automaker stands out: China's BYD — not Elon Musk's Tesla . Public transport operator Nobina already operates over 300 BYD electric buses across multiple Nordic cities. Affordable and high-end vehicles Another reason Ripman favors BYD over Tesla is the former's broader range of vehicles. On Tesla, Ripman expressed some concern over CEO Musk's distractions and their potential impact on the automaker's stock price.

☆ Growing Pains Intensify for EV Startups Lucid and Fisker
▼ + stars: | 2023-05-09 | by ( Sean Mclain | ) www.wsj.com time to read: 1 min

Rivian is under pressure to prove it can build its electric trucks at scale without having ramped up production before, as competition heats up from legacy automakers. WSJ toured Rivian’s and Ford’s EV factories to see how they are pushing to meet demand. Illustration: Adam FalkElectric-vehicle startups Lucid and Fisker are confronting dwindling cash piles as the two companies strain to get more vehicles into the hands of customers, first-quarter results show. Lucid, Fisker and electric-truck maker Rivian were among a host of EV startups to go public over the last two years, as investors placed bets on finding the next Tesla . Now, their share prices continue to get hammered as cash reserves dwindle and larger legacy automakers join the EV race.

☆ In race for efficient EVs, Mercedes taps F1 team to keep up with Tesla
▼ + stars: | 2023-05-02 | by ( ) www.cnbc.com time to read: +6 min

In this article MBG-FF Follow your favorite stocks CREATE FREE ACCOUNTLewis Hamilton of Great Britain drives the Mercedes AMG Petronas F1 Team W13 on race day during the 2023 Australian Grand Prix at Albert Park on April 2, 2023 in Melbourne. But Mercedes' F1 collaboration to build more efficient EVs faster is unprecedented because it embeds that racing mindset and technological expertise directly in product development. After decades of leadership in combustion-engine technology, legacy carmakers like Mercedes have lagged Tesla in electric vehicles. Mercedes' F1 team can help it get back in the race, said Steven Merkt, head of transportation solutions at TE Connectivity , a major autos supplier. Last year, Mercedes unveiled its EQXX concept car, a super-efficient EV capable of a range of more than 1,200 km (745 miles), which was jointly developed with the German premium carmaker's F1 team in England.

☆ GM to end production of electric Chevy Bolt, its first mass-market EV, later this year
▼ + stars: | 2023-04-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Steve Fecht for ChevroletDETROIT – General Motors plans to stop production of its electric Chevrolet Bolt models by the end of this year, CEO Mary Barra told investors Tuesday when discussing the company's first-quarter earnings. The Chevy Bolt EV and EUV, a larger version of the car, make up the vast majority of the company's electric vehicle sales to date. General Motors CEO Mary Barra unveiled the Chevrolet Bolt electric vehicle during the 2016 Consumer Electronics Show in Las Vegas. But Bolt sales never caught on as well as many executives hoped, as EV sales overall remained minuscule outside of Tesla . The Vermont State Police released this photo of the 2019 Chevrolet Bolt EV that caught fire on July 1, 2021 in the driveway of state Rep. Timothy Briglin, a Democrat.

☆ General Motors raises 2023 guidance as first-quarter earnings beat expectations
▼ + stars: | 2023-04-25 | by ( Michael Wayland | ) www.cnbc.com time to read: +4 min

The new range is between $8.4 billion and $9.9 billion, down from $8.7 billion to $10.1 billion. DETROIT — General Motors on Tuesday raised key guidance for 2023 after reporting first-quarter results that topped Wall Street's top- and bottom-line forecasts. Its net income during the first quarter, however, was down by roughly 18% to $2.3 billion compared to a year earlier. CFO Paul Jacobson said the company felt confident in raising its adjusted earnings guidance after first-quarter results came in above the company's internal expectations, including continued demand for high-end models. GM's first-quarter results included adjusted earnings of $3.8 billion, down 6% from a year earlier.

☆ Stocks making the biggest moves before the bell: JPMorgan Chase, Wells Fargo, PNC, Lucid, Express & more
▼ + stars: | 2023-04-14 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

JPMorgan Chase reported revenue of $39.34 billion, beating the $36.19 billion estimates for analyst polled by Refinitiv. Wells Fargo — The bank added 3.1% after beating Wall Street expectations when reporting earnings. The company reported revenue at $20.73 billion, which is higher than the $20.08 expected by Wall Street. PNC — Shares rose 1.3% after the bank reported first-quarter earnings. UnitedHealth – UnitedHealth shares rose slightly after the health insurance provider beat Wall Street's estimates on the top and bottom lines and lifted its profit outlook for 2023.

☆ GM overtakes Ford as second best-seller of EVs in U.S. but still trails Tesla by a wide margin
▼ + stars: | 2023-04-04 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT – General Motors pulled ahead of Ford Motor to become the country's second best-seller of all-electric vehicles during the first quarter, trailing only industry leader Tesla . 2 last year, reported EV sales Tuesday of 10,866 over the same time frame. GM still significantly trails Tesla in EV sales. Motor Intelligence estimates Tesla, which does not report sales by region, sold 161,630 EVs in the U.S. during the first quarter. Both GM and Ford have said they plan to overtake Tesla in EV sales in the years ahead, however Elon Musk's company is targeting significant expansion of its own EV production.

☆ How Ford and VW's multibillion-dollar self-driving car project failed
▼ + stars: | 2023-03-22 | by ( Robert Ferris | In | ) www.cnbc.com time to read: +2 min

Ford Motor bet a billion dollars on a startup called Argo AI to catch up to flashy tech companies like Google , Uber and Tesla . Volkswagen , the second-largest automaker in the world, signed on as a backer in 2019, investing $2.6 billion Argo AI at a valuation of more than $7 billion. By 2021, Argo AI was valued at $12.4 billion and counted 2,000 employees, with offices on two continents and self-driving tests underway in seven cities. There were plans to bring a self-driving taxi service to market by 2021, rivaling those by Waymo and Ford's larger Detroit rival, General Motors . But in October 2022, Argo AI shut down.

☆ UBS sees a $60 billion opportunity in EV charging infrastructure. How to play it
▼ + stars: | 2023-02-23 | by ( Jesse Pound | ) www.cnbc.com time to read: +2 min

The continued adoption of electric vehicles in the United States will create more winners for investors than just automakers, according to UBS. We see EV adoption and the build out of the charging network as one of the pillars of this theme," the note said. The automaker has its own charging network, but recently agreed to make at least 7,500 of its chargers compatible with other EVs by the end of 2024. There are also companies that specialize in chargers that could benefit from the next wave of EV adoption, including ChargePoint and Blink Charging . The firm has buy ratings on Sempra and Exelon and said they have "high EV adoption."

☆ Electric vehicle stocks roar back to life in 2023 — Wall Street's favorite plays from here
▼ + stars: | 2023-02-08 | by ( Michelle Fox | ) www.cnbc.com time to read: +4 min

The average analyst price target calls for at least a 10% gain in the next 12 months, per FactSet. It also has 82% upside to the average analyst price target. Rivian Automotive has a whopping 90% upside to the average analyst price target. Lastly, General Motors has nearly 15% upside to the average analyst price target, with 54% of analysts covering the Cadillac maker rating it a buy. While a majority of the analysts covering the stock rate it a buy, the average price target implies 1% downside.

☆ Ron Baron, who runs one of the best-performing funds, says Tesla could hit $15,000 a share by 2030
▼ + stars: | 2023-02-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Longtime investor Ron Baron said he's standing by his growth darlings, unfazed by the volatility in the stock market, especially in the tech sector. "I'm not really worried about the stock market," Baron said on CNBC's " Squawk Box " Tuesday. I'm thinking $15,000 a share by 2030," Baron said. Last year, he revealed that this biggest purchases of 2022 included $100 million worth of SpaceX private investments. "It used to cost you $100 million to get to space, $200 million more for a satellite.

☆ Ron Baron, who runs one of the best-performing funds, says Tesla could hit $1,500 a share by 2030
▼ + stars: | 2023-02-07 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Longtime investor Ron Baron said he's standing by his growth darlings, unfazed by the volatility in the stock market, especially in the tech sector. "I'm not really worried about the stock market," Baron said on CNBC's " Squawk Box " Tuesday. Elon Musk's Tesla has a 30% portfolio weighting in Baron's fund, the biggest holding in the portfolio. Last year, he revealed that this biggest purchases of 2022 included $100 million worth of SpaceX private investments. "It used to cost you $100 million to get to space, $200 million more for a satellite.

☆ Ford is set to report results after the bell. Here's what Wall Street expects
▼ + stars: | 2023-02-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

DETROIT – Ford Motor is set to report its fourth-quarter earnings after the bell Thursday. Here's what Wall Street is expecting, according to Refinitiv consensus estimates:Adjusted earnings per share: 62 cents62 cents Automotive revenue: $40.37 billionIn October, Ford confirmed its prior full-year guidance of adjusted earnings before interest and taxes of between $11.5 billion and $12.5 billion. Wall Street expects Ford's full-year 2023 adjusted earnings per share outlook to mark a nearly 16% decline from 2022, according to Refinitiv estimates. That's despite forecasting full-year revenue up 3.4% year over year to more than $151 billion, signaling lower operational profit compared with recent years. The automaker also forecast stronger-than-expected 2023 results, including adjusted earnings before interest and taxes of $10.5 billion to $12.5 billion and adjusted earnings per share of between $6 and $7.

☆ Asia-Pacific markets set to trade mixed after Nasdaq extends gains backed by technology
▼ + stars: | 2023-01-10 | by ( Jihye Lee | ) www.cnbc.com time to read: 1 min

People pass along Ameyoko shopping street as they do end of year shopping on December 30, 2021 in Tokyo, Japan. Asia-Pacific markets were set to trade mixed after the Nasdaq Composite extended gains for a second day on Wall Street. Technology stocks helped the index skirt losses Monday as traders added to bets that inflation may be easing. The Nasdaq was the only major index to end the day up, boosted by a nearly 6% rally in Tesla . The Nikkei futures contract in Chicago was at 26,220 while its counterpart in Osaka was at 26,190 against the Nikkei 225's last close at 25,973.85.

☆ Bill Miller doubles down on Amazon after a rough year, while shorting Tesla increasingly
▼ + stars: | 2023-01-06 | by ( Yun Li | ) www.cnbc.com time to read: +1 min

Value investor Bill Miller said he's doubling down on Amazon after a brutal year, and growing his short position on Tesla . Miller said he recently bought more Amazon shares. His hedge fund Miller Value Partners held 695,000 shares, worth about $78.5 million, at the end of the third quarter. "I think it's one of the easiest names in the market," Miller said on CNBC's " Closing Bell " on Friday. AWS, Amazon's cloud-based segment, is worth almost the whole price of Amazon, Miller said.

Ram 1500 Revolution BEV electric concept pickup truck Stellantis"This is a vision, or a glimpse, into the future of Ram Trucks," Ram CEO Mike Koval Jr. told CNBC. The electric Ram truck is expected to enter an increasingly crowded segment of electric pickups that already includes the GMC Hummer EV, Ford F-150 Lightning, Lordstown Endurance and smaller Rivian R1T. Ram 1500 Revolution BEV electric concept pickup truck StellantisKoval said Ram isn't worried about being late to the segment. Ram 1500 Revolution BEV electric concept pickup truck StellantisThe design of the concept electric Ram pickup appears to be more of a lifestyle pickup rather than a traditional work truck, but executives said the production vehicle will serve both purposes. "The TRX (a performance version of the Ram 1500) has that in spades," Gilles told CNBC.

☆ The biggest losers of 2022 are bouncing back to start the new year — with one notable exception
▼ + stars: | 2023-01-03 | by ( Jesse Pound | ) www.cnbc.com time to read: +1 min

Many of the worst performing stocks of last year are poised to start off 2023 on the right foot as Wall Street looks to rebound. Major stocks that were down more than 50% or more were nearly all moving higher in premarket trading on Tuesday. The electric vehicle stock, which fell almost 70% last year, was down another 3.8% in premarket trading. Tesla fell below $119 per share in premarket trading. To be sure, premarket trading of stocks tends to be thin, and Tuesday's moves could reverse once the market opens.

Once high-flying mega-cap technology stocks tumbled in 2022, but some investors are willing to bet on Amazon and Alphabet in 2023, a new Delivering Alpha investor survey suggests. Betting on energy Energy stocks rallied in 2022 as the world grappled with supply constraints fueled by the conflict in Ukraine, but some investors aren't giving up on it just yet. When asked which areas they plan to focus on at the beginning of 2023, 41% of respondents highlighted energy stocks. Fundstrat's Tom Lee told CNBC last month that energy stocks can more than double next year even if the market stays flat . As uncertainty lingers, survey respondents also said they plan to look beyond the U.S. in 2023 toward opportunities in emerging markets.

☆ California cuts payments to homeowners for solar panels feeding energy back to the grid
▼ + stars: | 2022-12-15 | by ( Emma Newburger | ) www.cnbc.com time to read: +1 min

The California Public Utilities Commission on Thursday passed a proposal that will reduce compensation provided to households for the surplus electricity their rooftop solar panels contribute to the electric grid. Utilities and consumer groups have argued the incentive payments have unfairly favored wealthier consumers and harmed poor and low-income households. But solar companies and renewable advocates have said that lowering the compensation would slow solar installations and hinder the state's goals to address climate change. More than 1.5 million homes, businesses and other utility customers in California have rooftop solar panels. The utilities commission estimates that these installations can collectively produce 12 gigawatts of electricity.

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