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☆ UBS says self-driving cars could become a $100 billion market in China — and names stocks to play it
▼ + stars: | 2022-11-23 | by ( Zavier Ong | ) www.cnbc.com time to read: +2 min

It cited China's large domestic market, high acceptance of autonomous driving, efficient supply chains, and supportive infrastructure among other factors. UBS estimated that China's potential autonomous driving-related market could reach $100 billion by 2030. As such, the Swiss bank said it sees "significant" investment opportunities in the autonomous driving space. Stock picks Tesla is among UBS' top picks to play the autonomous driving theme. Xpeng also made the list, with the bank describing the automaker as one of the "leading autonomous driving players in China."

☆ Hyundai's best years in the U.S. are set to be tested by the Inflation Reduction Act
▼ + stars: | 2022-11-23 | by ( Michael Wayland | ) www.cnbc.com time to read: +7 min

"I think what Hyundai, Kia and Genesis have done is they've really compressed that time frame. Sales of Hyundai and Kia vehicles have risen roughly 61% since 2010 to more than 1.4 million vehicles in the U.S. last year. LMC forecasts Hyundai's sales of all-electric vehicles are expected to represent 9.2% of the U.S. EV market this year. While sales are expected to grow that percentage is seen as the company's peak until at least 2024 or 2025, when the new Georgia plant is set to come online. Munoz said the new Georgia plant is expected to produce 300,000 vehicles annually, with the potential to reach 500,000 in the future.

☆ Tesla has lost almost $700 billion in market value - the equivalent of 3 Disneys, 4 Nikes, or 6 Starbucks
▼ + stars: | 2022-11-22 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Elon Musk's company has lost nearly a Berkshire Hathaway's worth of market value. Tesla's $670 billion decline is roughly equivalent to three Disneys, four Nikes, or six Starbucks. Tesla's $670 billion drop in market value isn't far off the entire worth of Warren Buffett's Berkshire Hathaway ($685 billion). Moreover, Musk's electric-vehicle company has seen more than double the market cap of Home Depot ($324 billion), or the combined market caps of Coca-Cola ($268 billion) and PepsiCo ($255 billion) wiped off its market value. It also equates to around four Nikes ($162 billion), five Netflixes ($127 billion), six Starbucks ($113 billion), seven PayPals ($92 billion), and 12 GMs or Fords ($56 billion each).

☆ Here are Friday's biggest analyst calls: Coinbase, Apple, Amazon, GM, Conagra, Pfizer & more
▼ + stars: | 2022-11-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Credit Suisse downgrades Hewlett Packard to neutral from outperform Credit Suisse said it sees too many macro headwinds for the stock. Credit Suisse names Ross a top pick Credit Suisse says the offprice retailer has the most "torque" to accelerate market share gains. "Strong 3Q updates from ROST /TJX reinforces our bullish thesis that Offpricers are quickly repositioning for accelerating market share and powerful EPS tailwinds as margins revert to pre-COVID levels starting in '23." Credit Suisse initiates Pfizer as outperform Credit Suisse said in its initiation of Pfizer that it likes the company's pipeline advances. " Credit Suisse initiates Eli Lilly as outperform Credit Suisse said in its initiation of Eli Lilly that it sees "upward revisions" from obesity sales.

☆ Wall Street is skeptical of GM's ambitious EV plans
▼ + stars: | 2022-11-18 | by ( Michael Wayland | ) www.cnbc.com time to read: +6 min

DETROIT – Wall Street is skeptical of General Motors' plans to produce profitable electric vehicles years ahead of schedule and substantially bring down battery costs amid supply chain problems and broader economic concerns. GM's average rating is overweight with a 12-month target price of $47.77 per share, according to analysts compiled by FactSet. That would be years ahead of schedule and mean a dramatic decline in the automaker's battery costs amid supply chain problems, cyclical demand concerns and potential shortages in raw materials. It boosted its cash flow guidance to between $10 billion and $11 billion, up from $7 billion and $9 billion. Here are comments from other analysts as well as their ratings and price targets for GM following the investor event.

☆ Here's our November rapid-fire update on the stocks in Cramer's Charitable Trust portfolio
▼ + stars: | 2022-11-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +9 min

We think the stock has been hurt by a recent update to the company's reserve quantity. While we're big fans of the company's recent corporate governance cleanup , and we expect some near-term selling pressure associated with those efforts. (See here for a full list of the stocks in Jim Cramer's Charitable Trust.) As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio.

☆ Ford vs. GM: Same Industry, two increasingly different companies
▼ + stars: | 2022-11-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +5 min

In this article FGM Follow your favorite stocks CREATE FREE ACCOUNTJim Farley, CEO, Ford, left, and Mary Barra, CEO, General Motors Reuters; General MotorsDETROIT — "Same industry. GM has gained an edge in recent years on the back of better financials and early moves into electric and autonomous vehicles. GM most recently reported third-quarter results that, compared to Ford, knocked it out of the park. The investment cases for America's largest automakers are increasingly diverging as the companies — separated by just $1 billion in market value — have taken different tacks around electric and autonomous vehicles. Ford expects at least 40% of its sales globally to be electric vehicles by the end of this decade.

☆ EXCLUSIVE Tesla mulls exporting China-made EVs to United States-sources
▼ + stars: | 2022-11-11 | by ( ) www.reuters.com time to read: +5 min

Tesla's Shanghai Gigafactory has the capacity to produce 1.1 million electric vehicles per year after an upgrade earlier this year, making it Tesla's most productive manufacturing hub. The California plant, Tesla's first, produces the Model S, the Model 3 sedans and the Model X and Model Y crossovers. At the same time, the price gap between Tesla cars sold in China and the United States has been widening, reflecting both higher U.S. prices and new discounts in China. Tesla sells the Model Y for the equivalent of $49,344 in China, compared to the U.S. price of $65,990. loadingTesla would not be the first U.S. automaker to ship made-in-China vehicles to the United States.

☆ Analysts love these EV-related stocks — and give one upside of more than 100%
▼ + stars: | 2022-11-11 | by ( Zavier Ong | ) www.cnbc.com time to read: +3 min

A quarter of the 75 component stocks are tech names, with materials and industrials stocks, as well as auto stocks, making up the rest. To identify the stocks that analysts are most bullish on, CNBC Pro screened the ETF on FactSet for stocks that are buy-rated by the majority of analysts covering them. Analysts also gave these stocks average potential upside of at least 20% over the next 12 months. This was hydrogen fuel cell maker Plug Power , which analysts gave a whopping average potential upside of 122%, according to FactSet. Several Big Tech stocks in the EV supply chain are also well-liked by analysts, including Apple , Alphabet and Microsoft .

☆ Elon Musk's Tesla has seen $600 billion wiped from its market value this year - and it's now worth less than Warren Buffett's Berkshire Hathaway
▼ + stars: | 2022-11-09 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +4 min

Elon Musk's Tesla has dropped below Warren Buffett's Berkshire Hathaway in market value. Tesla stock has been hit by a wider tech sell-off and concerns over Musk's Twitter takeover. Tesla's market capitalization fell to just over $600 billion as of Tuesday's close, well short of Berkshire's $645 billion market value. Buffett's company has officially reclaimed its spot as the fifth-largest company in the S&P 500 index. Berkshire stock has fared better this year as investors consider it a safe place to keep their money.

☆ Renault in open talks about alliance with Nissan and Mitsubishi, CFO says
▼ + stars: | 2022-11-08 | 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 EmailRenault in open talks about alliance with Nissan and Mitsubishi, CFO saysRenault Chief Financial Officer Thierry Pieton speaks with CNBC's Charlotte Reed at the French automaker's capital markets day.

TOKYO, Nov 4 (Reuters) - Nissan Motor Co's (7201.T) talks with Renault SA (RENA.PA) are focused on optimising their investment in electric vehicles and strengthening their competitiveness as equal partners, the Japanese automaker's CEO told Reuters on Friday. Nissan Chief Executive Makoto Uchida declined to comment on whether an agreement could be reached this month. But he said he was talking with Renault Chief Executive Luca de Meo every weekend and the talks would be "ongoing for the future." Nissan is also considering investing in Renault's planned electric vehicle unit, the companies said. "We want it to be an equal partnership," Uchida said, adding that an "equal partnership would make sense and that would speed up the collaboration even more."

☆ Nissan, Renault talks focused on optimising EV investments-Nissan CEO
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

TOKYO, Nov 4 (Reuters) - Nissan Motor Co's (7201.T) negotiations with its partner and top shareholder Renault SA (RENA.PA) are focused on optimising their investment in electric vehicles and improving the competitiveness of the alliance, the Japanese automaker's CEO told Reuters on Friday. Negotiations between Renault and Nissan are ongoing with less than two weeks remaining to meet a Nov. 15 target the automakers had set to reach a deal, according to people with knowledge of the talks. Nissan's Chief Executive Makoto Uchida declined to comment on the timing of potential deal with Renault and whether it can be done this month. Nissan is considering investing in Renault's planned electric vehicle unit, the companies said last month. That unit includes Renault production sites in Spain, Portugal, Turkey, Romania and Latin America.

☆ Volkswagen tells brands to pause paid advertising on Twitter
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: 1 min

[1/2] A Volkswagen logo is seen on one of the German automaker's cars in a street in Sydney, Australia, October 8, 2015. REUTERS/David GrayHAMBURG, Nov 4 (Reuters) - Volkswagen (VOWG_p.DE) on Friday said it has recommended to its brands to pause paid advertising on Twitter until further notice in the wake of Elon Musk's takeover of the social media platform. "We are closely monitoring the situation and will decide about next steps depending on its evolvement," Europe's top carmaker said in a statement. The comments by Volkswagen group, which covers the VW, Seat, Cupra, Audi, Lamborghini, Bentley, Ducati and Porsche (P911_p.DE) brands, echoes similar remarks from other firms, including GM (GM.N) and General Mills Inc (GIS.N). Reporting by Jan Schwartz; Writing by Christoph SteitzOur Standards: The Thomson Reuters Trust Principles.

☆ Jeep-maker Stellantis expects raw material inflation to ease next year
▼ + stars: | 2022-11-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

Automaker Stellantis expects inflation costs on raw materials to subside next year following significant increases during the coronavirus pandemic, CFO Richard Palmer told investors Thursday. The spiking costs of critical raw materials used by automakers such as steel, aluminum and others for EV batteries have been largely offset by record pricing of new vehicles, cushioning automakers' margins. "What we will see in 2023 is a lower impact from raw material inflation than the one we've seen this year. So, the entity of inflation impact, I think will be lower in 2023," he said when discussing the company's third-quarter revenue and deliveries. "Inflation may be high on other elements of the cost curve, but they are of a lower entity compared to raw material this year."

☆ Tesla's California EV market share slips as rivals step up
▼ + stars: | 2022-11-03 | by ( Hyunjoo Jin | ) www.reuters.com time to read: +2 min

[1/2] Tesla vehicles are shown at a sales and service center in Vista, California, U.S., June 3, 2022. REUTERS/Mike BlakeSAN FRANCISCO, Nov 3 (Reuters) - Tesla's (TSLA.O) dominant market share of the electric vehicle market in California slipped again this year, according to Reuters' calculations based on government data from January to September, as rivals up their game. Tesla controlled 73% of the battery electric market in California from January to September, the lowest level since 2018, according to new vehicle registration data from the California Energy Commission. "We are reaching a saturation point for Tesla market share in California," said Ed Kim, president of AutoPacific. He expected rivals to continue to take away market share, while also expecting Tesla sales would still grow.

☆ Want to live in a van down by the river? Ford has a new vehicle for that
▼ + stars: | 2022-11-03 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

Ford says Transit Trail owners will have access to the Ford Pro network of upfitters and interior installers to create the interior space they desire. The Detroit automaker on Thursday revealed the 2023 Ford Transit Trail Van, a new lifted model of its full-size van equipped with all-wheel-drive and more durable, off-road parts for outdoor enthusiasts. Ford is touting the Transit Trail Van as a gateway into "van life," a community of travelers who fully or partially live in their vehicles. The 2023 Ford Transit Trail Van will go on sale in the spring, starting at $65,975. That's about $15,000 more than a base passenger Transit van.

☆ Mitsubishi Motors says no decision yet on investing in Renault's new EV unit
▼ + stars: | 2022-11-02 | by ( ) www.reuters.com time to read: +1 min

TOKYO, Nov 2 (Reuters) - Mitsubishi Motors Corp (7211.T), a junior partner in the Nissan Motor Co (7201.T) and Renault (RENA.PA) alliance, has not made a decision yet on whether to invest in the French automaker's electric vehicle company, a top executive said on Wednesday. Mitsubishi would consider whether taking part in the EV unit would be beneficial for the Japanese automaker's product development in the future, Kato said. The Japanese and French automakers said last month they were in talks about the future of their alliance, including Nissan potentially investing in the electric vehicle business being spun out of Renault. Mitsubishi will likely invest a few percent in the new Renault unit to retain its alliance relationship, Reuters reported last month, citing a person familiar with the matter. Reporting by Satoshi Sugiyama; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ Wells Fargo, Ford and Apple are in the news. Here's our take on the Club stocks
▼ + stars: | 2022-11-02 | by ( Paulina Likos | ) www.cnbc.com time to read: +4 min

Club holdings Wells Fargo (WFC), Ford (F) and Apple (AAPL) are in the news Wednesday, with potential implications for our investment outlook. Wells Fargo The news: Wells Fargo could initiate another round of layoffs at its home mortgage division amid a collapse in homebuyer demand, according to a CNBC report . In its fiscal-third quarter, revenue from Wells Fargo's home lending unit fell 52% year-over-year, due to lower mortgage originations. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. A pedestrian walks by a Wells Fargo home mortgage office in San Francisco.

☆ Ford's October sales slide 10% amid supply chain issues
▼ + stars: | 2022-11-02 | by ( Michael Wayland | ) www.cnbc.com time to read: +3 min

DETROIT – Ford Motor's U.S. sales last month declined by 10% as the automaker battled through supply chain issues that delayed shipments to dealers. Ford has experienced unique supply chain issues lately, including sourcing of its blue oval badges for highly profitable pickup trucks and SUVs. Ford said orders for 2023 model-year vehicles totaled 255,000. Ford's 2022 all-electric vehicle sales totaled roughly 47,500 units through October, accounting for about 3% of the automaker's sales. Ford is among a handful of automakers to report new monthly vehicle sales.

☆ Toyota says quarterly output up 30%, but parts shortages continue
▼ + stars: | 2022-10-28 | by ( Satoshi Sugiyama | ) www.reuters.com time to read: +2 min

TOKYO, Oct 28 (Reuters) - Toyota Motor Corp on Friday said global production climbed 30% in the quarter ended in September, but warned the shortages of semiconductors and other parts that have roiled the auto industry would still constrain output in coming months. In the July to September quarter, global sales were up 4%, according to a Reuters calculation based on the company's disclosures. The announcement came a week after Toyota said it was unlikely to meet its 9.7 million vehicle production goal for this financial year due to a scarcity of chips. The spokesperson declined to comment on a new production target. Shortages of semiconductors have hit Toyota's production in Japan harder than its overseas factories, Toyota said.

☆ Here are Thursday's biggest analyst calls: Apple, Boeing, AMC, Meta, Amazon, Tesla, Ferrari & more
▼ + stars: | 2022-10-27 | by ( Michael Bloom | ) www.cnbc.com time to read: +5 min

Here are Thursday's biggest calls on Wall Street: Barclays reiterates Apple as equal weight Barclays said it sees "upside to consensus" heading into Apple earnings on Thursday. Morgan Stanley downgrades Meta to equal weight from overweight Morgan Stanley said in its downgrade of Meta after its earnings report on Wednesday that it sees "execution uncertainty and lower free cash flow." Goldman Sachs reiterates Boeing as buy Goldman said it sees "a lot upside" in shares of Boeing. Morgan Stanley reiterates Tesla as overweight Morgan Stanley said in a note to clients on Thursday that it think internal combustible engines will be around longer than investors think. Bank of America reiterates Ford as buy Bank of America said it likes the automaker's execution after its third-quarter earnings report on Wednesday. "

NEW YORK, Oct 27 (Reuters) - A federal jury in Detroit ordered Ford Motor Co (F.N) to pay Versata Software Inc $104.6 million in damages for breaching a 2004 licensing contract and misappropriating trade secrets. More than $82.2 million of the jury award was for breach of contract, with the remaining $22.4 million for trade secret misappropriation. Versata's damages expert testified that the company suffered $59.9 million in trade secret damages. The litigation began in April 2015, when Ford sought a court order that it did not infringe Versata's intellectual property. The case is Versata Software Inc et al v Ford Motor Co, U.S. District Court, Eastern District of Michigan, No.

☆ Ford CEO puts the brakes on the company's plan for fully autonomous cars, saying there's a long way to go before it can develop them at scale
▼ + stars: | 2022-10-27 | by ( Stephen Jones | ) www.businessinsider.com time to read: +3 min

Ford is shifting its priorities away from developing fully autonomous cars. CEO Jim Farley said development of the vehicles at scale was "a long way off." The shift means that Ford is closing down Argo AI, a robo-taxi startup it jointly backed with VW. "Profitable, fully autonomous vehicles at scale are a long way off," CEO Jim Farley said, in a statement published alongside the automaker's third-quarter earnings, Wednesday. A vehicle with Level 4 ADAS capability is considered to be fully autonomous and can navigate most road situations without the need for human assistance.

☆ Toyota slashes leasing fee for troubled EV to rekindle orders
▼ + stars: | 2022-10-26 | by ( ) www.reuters.com time to read: +3 min

[1/2] A worker prepares 2023 Toyota Electric bZ4X at the 2022 New York International Auto Show, in Manhattan, New York City, U.S., April 13, 2022. Starting Wednesday, the application fee is 385,000 yen while the monthly cost is 1,100 yen cheaper. Those who signed up beforehand are eligible for a discount, said Shinya Kotera, president of KINTO, the Toyota unit offering the leases. Just a year into its $38 billion EV plan, Toyota is already considering starting again to better compete in a market growing beyond the automaker's projections, Reuters reported on Monday. ($1 = 148.7900 yen)Reporting by Satoshi Sugiyama and Maki Shiraki; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.

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