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☆ Harris vs. Trump: Auto insiders weigh in on both candidates, top issues
▼ + stars: | 2024-10-29 | by ( Michael Wayland | ) www.cnbc.com time to read: +11 min

Electric vehicles, trade, tariffs, China, emissions regulations and labor are among the top issues automakers are monitoring, according to industry executives and policy experts. Harris vs. TrumpOfficials expect a Harris victory to be a continuation, but not a copy, of the past four years under Biden. Republican presidential nominee and former U.S. President Donald Trump speaks as he visits a campaign office in Hamtramck, Michigan, U.S. October 18, 2024. Republicans, led by Trump, have largely condemned EVs, saying that they are being forced upon consumers and that they will ruin the U.S. automotive industry. LaborOf the many issues regarding the automotive industry, officials who spoke to CNBC were nearly unanimous regarding labor: They're concerned a Harris win would continue to mean increased power for organized labor.

Persons: Bill Pugliano, Kamala Harris, Donald Trump, Joe Biden, Harris, Jefferies, Philippe Houchois, Biden, Shawn Fain, Drew Angerer, Brian Snyder, —, Elon Musk's, Trump, Pablo Di Si, EVs, Harris hasn't, Peter Rawlinson, Rawlinson, That's, Trump's, USMCA, Mary Barra, hasn't, Fain Organizations: Ford, Ford Dearborn Plant, Getty, DETROIT, Motor, Great, Trump, CNBC, Trump Officials, United Auto Workers, Democratic, International Union of Painters, AFP, Republican, Reuters, Motors, Ford Motor, Chrysler, EV, Lucid, Tesla, California Air Resources, D.C, District of Columbia, Alliance for Automotive Innovation, U.S . Officials, IRA Electric, Volkswagen Group of America, Automotive, Republicans, Environmental Protection Agency, . North, North American Free Trade, Jefferies, Labor, Democratic National Convention, UAW Locations: Dearborn , Michigan, Michigan, Motor City, Great Lakes State, China, Macomb , Michigan, California, Hamtramck , Michigan, U.S, Detroit, Washington , Oregon, New York, Washington, . North American, United States, Mexico, Canada, American

☆ Tesla reports earnings after the bell. Here's what Wall Street expects from the struggling EV giant
▼ + stars: | 2024-10-23 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

The stakes are high for Tesla when the electric vehicle giant reports results after the bell Wednesday. Analysts polled by LSEG expect the company to report earnings of 58 cents per share on $25.37 billion in revenue. The company posted adjusted earnings per share of 52 cents and revenue of $25.50 billion last quarter . Stakes are even higher for the company following an underwhelming robotaxi event earlier this month that failed to impress Wall Street analysts and investors hopeful for a turnaround. He retained an equal weight rating and $220 price target, implying shares will trade in a range from here.

Persons: Li, Ryan Brinkman, Piper Sandler, Alexander Potter, Potter, Cantor Fitzgerald's Andres Sheppard, Sheppard, Dan Levy, Jefferies, Philippe Houchois, Tesla Organizations: Tesla, LSEG, EV, Li Auto, Wall Street, Barclays Locations: China

Morgan Stanley raised its price target on Nvidia, calling for more than 15% upside going forward. — Lisa Kailai Han 5:53 a.m.: Jefferies lowers Tesla price target, cites 'self-inflicted' wounds Tesla's troubles may not be over yet, according to Jefferies. The investment firm kept its hold rating on the electric vehicle maker and lowered its price target to $165 from $185. Jefferies analyst Philippe Houchois also said Tesla is plagued by shifting product priorities. — Lisa Kailai Han 5:53 a.m.: Morgan Stanley raises Nvidia price target Nvidia has already rallied more than 72% in 2024.

Persons: Morgan Stanley, Jefferies, Patrick Cunningham, Erik Fyrwald's, Cunningham, — Lisa Kailai Han, Zillow, John Colantuoni, Colantuoni, Scott Schoenhaus, Schoenhaus, Lisa Kailai Han, Hess, Betty Jiang, CVX, Jiang, Tesla, Philippe Houchois, Joseph Moore, Moore, — Fred Imbert Organizations: CNBC, Nvidia, Citi, Management, & Biosciences, Jefferies, National Association of Realtors, Markets, GDRX, Barclays, Chevron, NVIDIA, AMD Locations: Tuesday's, China

☆ Earnings playbook: Your guide to the biggest reports this week, including Netflix and Tesla
▼ + stars: | 2024-01-21 | by ( Fred Imbert | ) www.cnbc.com time to read: +10 min

Nearly 70 S & P 500 companies are slated to report earnings this week. Of the roughly 52 S & P 500 companies that have reported, just 69% have beaten earnings expectations, according to FactSet. What history shows: Bespoke Investment Group data shows United beats earnings expectations 70% of the time. What history shows: Bespoke data shows Netflix exceeds earnings estimates 81% of the time. What history shows: Bespoke data shows Alaska Air tops bottom-line estimate 72% of the time.

Persons: Buckle, Leslie Josephs, Max, Procter & Gamble, Robert Ottenstein, Procter, headwinds, Trian's Nelson Peltz, —, Alan Gould, Jordan Novet, Tesla, TSLA, Elon Musk, Elon, Jefferies, Philippe Houchois, INTC, Timothy Arcuri Organizations: Netflix, Intel, Investors, CNBC, Monday United Airlines, Boeing, Max, Alaska Airlines, FAA, Procter &, Procter, Gamble, HBO, IBM, ISI, Alaska Air Group, Alaska Air, Nvidia, AMD, UBS Locations: Alaska, U.S, China, Europe

☆ Elon Musk's demand for more Tesla control could weigh on the stock, analysts say
▼ + stars: | 2024-01-17 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

Elon Musk's apparent ultimatum to Tesla 's board of directors to acquire more control of the automaker could negatively weigh on its stock, analysts say. "Unless that is the case, I would prefer to build products outside of Tesla," Musk wrote . Investors will likely start to question Musk's recent track record at Tesla, Houchois wrote. Investors may also question corporate governance at Tesla given that they are learning about the compensation issues from Musk on social media, Brinkman wrote. Nevertheless, Jeffries expects Tesla's board will approve another CEO super-compensation scheme to keep AI developments within the Tesla fold, Houchois wrote.

Persons: Elon Musk's, Tesla, Musk, Ryan Brinkman, Brinkman, doesn't, Jefferies, Philippe Houchois, Houchois, Jeffries, Tesla's Organizations: Twitter, Tesla, JPMorgan Locations: Tesla, yesterday's

☆ What Wall Street analysts expect from Tesla's Cybertruck launch event
▼ + stars: | 2023-11-30 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Tesla is set to kick off deliveries of its long-awaited Cybertruck Thursday, but not everyone on Wall Street is convinced the debut will move the needle in terms of stimulating growth for the Elon Musk-run company. TSLA 1M mountain Tesla shares over the last month To be sure, despite some cautionary commentary from major Wall Street firms, Tesla shares have almost doubled in 2023 as investors veered back into growth stocks. "However unlikely just a few days before first deliveries, canceling Cybertruck would probably be positive for shares," he wrote in a report to clients while reducing his Tesla price target to $210 from $250 a share. By itself, however, the new truck won't help Tesla's shares, Guggenheim believes. Jewsikow most recently retained a $125 price target on the stock, implying 49% downside from Wednesday's close.

Persons: Tesla, Ronald Jewsikow, Philippe Houchois, Tom Narayan, Narayan, Guggenheim's, Tesla's, Guggenheim, — CNBC's Michael Bloom Organizations: Elon, Guggenheim Securities, Tesla, Treasury, Jefferies, RBC Capital, RBC

☆ Volvo Cars' promise of EV boom falls on deaf ears as shares drop 12%
▼ + stars: | 2023-10-26 | by ( Marie Mannes | Thomson Reuters | Stockholm-Based Company News Correspondent Who Mainly Covers Anything To Do With Retail | ) www.reuters.com time to read: +2 min

As the company reported third-quarter earnings, Chief Executive Jim Rowan told Reuters that he saw healthy demand for its cars, and was optimistic the margins would increase further in the fourth quarter. Volvo's BEV margins were 9% in the quarter, a sharp increase from the previous quarter's figure of 3%. Rowan said he expected the trend of falling prices of raw materials to continue, helping the company increase margins further for the fourth quarter. Investors proved unconvinced, as Volvo shares, down 10% by 1014 GMT, after having fallen as much as 12%, looked set for their biggest ever one-day drop. EV makers have engaged in stiff competition this year, after Tesla ignited a price war intensified by new Chinese players.

Persons: Aly, Jim Rowan, EVs, BEV, Rowan, Jefferies, Philippe Houchois, Houchois, Tesla, China's Geely, Marie Mannes, Greta Rosen Fondahn, Terje Solsvik, Clarence Fernandez Organizations: Volvo, Auto Shanghai, REUTERS, Rights, Reuters, Benz, Motors, Ford, Volkswagen, China's, Thomson Locations: Shanghai, China, Rights STOCKHOLM, EVs

☆ Tesla story 'broken?' Analysts cut their price targets on the electric car maker after disappointing third-quarter earnings
▼ + stars: | 2023-10-19 | by ( Hakyung Kim | ) www.cnbc.com time to read: +6 min

TSLA 1D mountain Tesla shares Many analysts covering Tesla had already forecast margin pressures due to lagging sales and just reiterated their ratings on the company's shares following Wednesday's release. Goldman Sachs reduced its price target to $235 from $265, which implies 3.2% downside. He reiterated his underperform rating and $150 price target on shares, which implies 38% downside from Wednesday's close. The bank reiterated its neutral rating, while bringing down its price target to $255 from $271. Even Morgan Stanley's Adam Jonas trimmed his price target to $380 from $400, though the new forecast still implies more than 56% upside.

Persons: weren't, Elon Musk, Tesla, Goldman Sachs, Mark Delaney, Delaney, Toni Sacconaghi, Bernstein, Wells Fargo, Wells, Colin Langan, Langan, Musk's, Phillippe Houchois, Itay Michaeli, Michaeli, Morgan Stanley's Adam Jonas, Jonas, — CNBC's Michael Bloom Organizations: Jefferies, Citi, U.S, EV, Tesla, Network Services, Mobility, Party, Energy, Insurance Locations: Mexico, Wells, Musk's Cybertruck

☆ Jefferies worries Tesla may be losing its lead in EV tech, cuts price target
▼ + stars: | 2023-10-10 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Tesla 's lead in the electric vehicle race is shrinking, according to Jefferies. "In the last few months, tracking Tesla fundamentals has felt a bit like watching paint dry," wrote analyst Philippe Houchois in a Monday note to clients. TSLA YTD mountain Tesla shares year to date. Tesla shares have outperformed this year, jumping more than 116% after a rough 2022. "Hyperscaling through model concentration remains a unique feature of Tesla's auto business model but reaches its limits without the launch of more volume models," Houchois wrote.

Persons: Tesla, Jefferies, Philippe Houchois, Houchois, Price, — CNBC's Michael Bloom

☆ United Auto Workers are striking widely but softly, says Jefferies analyst
▼ + stars: | 2023-09-15 | 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 EmailUnited Auto Workers are striking widely but softly, says Jefferies analystPhilippe Houchois of Jefferies discusses the stock impact of the UAW strikes.

Persons: Jefferies, Philippe Houchois Organizations: United Auto Workers, UAW

☆ 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

☆ Jefferies downgrades Ford, cites concern around weak Model E guidance
▼ + stars: | 2023-07-31 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Jefferies is stepping back on Ford just two months after turning bullish on the legacy automaker. The firm downgraded Ford to hold from buy on Monday, lowering its price target to $15 per share from $17. Analyst Philippe Houchois says the company's recent move to lower guidance for its Model E electric vehicle is a concerning development. The analyst had upgraded Ford to buy late May. Ford's losses in its EV segment widened to $4.5 billion in the second quarter from $3 billion just a year earlier, while Chief Executive John Lawler told investors that EV vehicle adoption is taking longer than expected.

Persons: Jefferies, Philippe Houchois, Houchois, John Lawler, Michael Bloom Organizations: Ford, EV

☆ Jefferies: Still have to worry about the macro environment and labor talks in the auto sector
▼ + stars: | 2023-07-07 | 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 EmailJefferies: Still have to worry about the macro environment and labor talks in the auto sectorJefferies' Philippe Houchois discusses the fight for market share in the EV sector between the pure players such as Tesla and Rivian and the traditional automakers, like Ford and GM.

Persons: Email, Jefferies, Philippe Houchois Organizations: Email Jefferies, EV, Ford, GM

Ford Motor could be in for big gains ahead, according to Jefferies. Analyst Philippe Houchois upgraded the company's shares to buy from hold in a Tuesday note. The firm said Ford's recent investor event raised its confidence that the automaker has a solid plan and management that will help it close a gap with its rivals. "There is something grounded and 'back-to-basics' in Ford's strategy of focusing on its strengths." Houchois thinks the company's road map to improvement across three of its divisions — Ford Blue, Model e and Ford Pro — is helping the company do more with less.

☆ Elon Musk's quest for an irresistible price could spell trouble for Tesla and its stock
▼ + stars: | 2023-05-21 | by ( Brian Evans | ) www.cnbc.com time to read: +11 min

Its goal has been to coax consumers to make the leap to its brand with the lower prices. Finding an 'irresistible' price Tesla's price cuts are an effort to take advantage of that growing market. "We have written extensively on the drag EVs have on margins for legacy [original equipment manufacturers] and the impact of EV price deflation. She added that the price cuts are an effort for Tesla to retain market dominance and stave off competition from big competitors like Ford. Longer term, Tesla's price fluctuations could do more harm than good if they end up turning consumers off.

☆ Jefferies downgrades Tesla, sees pressure on electric vehicle maker's margins
▼ + stars: | 2023-04-26 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

Tesla 's push toward growing sales volume over margins could spell trouble for Elon Musk's company, according to Jefferies. The firm downgraded the electric vehicle maker's stock to hold from buy and lowered its price target to $185 from $230. Analyst Philippe Houchois said in a note Wednesday that, while Tesla moving to prioritize growing volumes of EV's over higher sales margins "has its logic," this process will also shift investor expectations. The company is now focused on selling larger volumes of vehicles to generate higher revenue as opposed to fixating on stronger margins with less sales. This strategy is in line with Tesla's overall strategy of selling 20 million vehicles annually by 2030.

☆ Why some Wall Street analysts think Tesla may have more price cuts ahead
▼ + stars: | 2023-04-03 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

He also said that price cuts reflect an industry leader's structural advantage that, while pressuring margins, can squeeze competition. Tesla's cuts were seen as catalysts in a "price war," as legacy automakers such as Ford followed in slashing prices for their electric vehicles. That places him in the majority, with more than half of analysts rating Tesla a buy, according to Refinitiv. Brinkman also said price cuts hurt Tesla more than legacy automakers. "We are of the opinion that without the aggressive price cuts, Tesla sales may not have grown on a sequential basis, a sign that even the most dominant EV player is not invulnerable to a slowing macro and competition."

☆ Elon Musk's price cuts at Tesla are working – for now
▼ + stars: | 2023-04-03 | by ( Nora Naughton | ) www.businessinsider.com time to read: +4 min

Tesla reported record-breaking Q1 deliveries of 422,875 vehicles. Analysts warn price cuts alone can't keep competition at bay. This record-breaking first-quarter delivery report from comes after Tesla engaged in a series of price cuts and other purchase incentives for the last several months, a move that some investors worried would have too much adverse impact on the company's profit margins. Other analysts and industry experts initially wondered if Musk was using price cuts to turn Tesla's demand problem into an advantage over his competitors. But analysts warn that price cuts alone cannot stave off competition forever.

☆ Elon Musk is the 'enemy' inside Tesla, a top Wall Street analyst warns
▼ + stars: | 2023-01-28 | by ( Grace Kay | ) www.businessinsider.com time to read: +4 min

Houchois called Musk "the enemy" inside of Tesla, in an interview with Yahoo Finance. "We've published research many times in the past where we say the enemy is inside of Tesla," Houchois said in an interview with Yahoo Finance after the carmaker's earnings call. So he is the person who is going to decide, can I do SpaceX, Tesla, Twitter?" Some Tesla investors have also been critical of Musk as Tesla's stock has plunged over 20% since the Tesla CEO took Twitter private in late October. Last month, Tesla investor and former self-proclaimed "Elon fanboy" Leo Koguan said on Twitter that Musk has "abandoned" the company and Tesla needs a new CEO.

☆ Winners and losers in electric vehicles as Tesla possibly ignites a price war
▼ + stars: | 2023-01-17 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

Yet Tesla has the upper hand when it comes to being able to afford those price cuts, suggested Jefferies analyst Philippe Houchois. Both Murphy and Wells Fargo's Langan see a more challenging time ahead for Ford and General Motors as a result of Tesla's price cuts. However, Societe Generale believes Tesla price cuts remove some of the mystery that has surrounded it, and could refocus attention on positive moves by legacy automakers. One clear winner from stronger EV demand is auto suppliers, Bank of America's Murphy wrote. 'Torn' on TSLA Analysts were also quick to point out that Tesla's price cuts will no doubt affect its own bottom line.

☆ 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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