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Tesla Cybertruck Bet Not Paying Off? Ford, GM Outsell EV Giant
Thursday, July 17, 2025 - 1:18pm | 628Elon Musk's dream of having a top-selling electric pickup may be fleeting as the Cybertruck continues to see declining demand. What Happened: A new report shows Tesla Inc (NASDAQ:TSLA) falling to third place in the electric pickup sector and facing weakened demand for several vehicles across...
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BYD Isn't Tesla's Only Asian Threat — This EV Maker Is Smashing Records
Wednesday, July 2, 2025 - 5:03pm | 728Electric vehicle giant Tesla Inc (NASDAQ:TSLA) is seeing weaker demand for its vehicles in the United States for numerous reasons, including increased competition from foreign automakers launching new vehicles in the United States. While Tesla’s foe, BYD Co (OTC:BYDDY), poses a threat to...
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BYD Beats Tesla In Europe: Never Been 'Such A Product Offensive Done'
Wednesday, June 25, 2025 - 6:10pm | 580Electric vehicle company BYD Co. (OTC:BYDDY)(OTC:BYDDF) has surpassed Tesla Inc (NASDAQ:TSLA) in Europe and the trend may continue with multiple new vehicle launches. What Happened: In recent months, BYD has overtaken Tesla in unit sales in Europe, a move that could be two-fold, from new vehicle...
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Bill Ackman Loads Up On Uber In Major Q1 Portfolio Rebalance (CORRECTED)
Friday, May 16, 2025 - 11:27am | 709Editor’s Note: This article has been updated to reflect that Pershing Square converted its Nike stock into call options, maintaining exposure Bill Ackman could have a new love for the automotive sector with a new investment made in the first quarter and an added position to a stake from the...
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Carvana Q1 Earnings Preview: 'Amazon Of Auto Retail' Looks To Beat Estimates For 5th Straight Quarter
Tuesday, May 6, 2025 - 4:05pm | 708Online used car seller Carvana Co (NYSE:CVNA) could continue stock momentum with a strong first-quarter financial report when the company reports after market close Wednesday. Earnings Estimates: Analysts expect Carvana to report first-quarter revenue of $3.98 billion, up from $3.06 billion in last...
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Penske Automotive Tops Q1 Earnings, Cites Brand Mix, Flexible Cost Structure As Keys To 'Changing Automotive Landscape'
Wednesday, April 30, 2025 - 11:17am | 399Penske Automotive Group, Inc. (NYSE:PAG) shares are trading slightly higher on Wednesday after the company reported first-quarter results. Penske reported adjusted earnings per share of $3.39, beating the street view of $3.27. Quarterly sales of $7.60 billion (+2% year over year) missed the analyst...
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General Motors CEO Delays Earnings Call, Margins Weaken As Tariff Uncertainty Remains
Tuesday, April 29, 2025 - 8:56am | 516General Motors Company (NYSE:GM) CEO Mary Barra postponed an earnings call to Thursday, May 1, sending the auto manufacturer’s share prices lower in the premarket session. The announcement came after the Detroit-based company reported first-quarter results. According to the financial results...
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Tesla Owners Face New Challenge Amid Tariffs, Vandalism: Insurance Costs Going Up Twice The National Rate
Tuesday, April 15, 2025 - 6:52pm | 592Tesla Inc (NASDAQ:TSLA) owners have been subject to increased reports of vandalism and targeted attacks as the electric vehicle company faces declining brand value in the wake of CEO Elon Musk's continued political push. Those same owners could be in for another challenge in 2025: increased...
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Goldman Sachs Hits The Brakes: Auto Tariffs & Slumping Demand May Shake Up Ford, Tesla, Rivian, Lear & Visteon
Thursday, April 10, 2025 - 1:59pm | 820Goldman Sachs analyst Mark Delaney is hitting the brakes on U.S. auto sales and global production forecasts, citing tariff troubles and weaker consumer demand. Although the reciprocal tariffs announced on April 9 were delayed, still sector-specific tariffs (including auto tariffs) are projected to...
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Volkswagen Sees EV Boom In Europe While Audi Battles Recall Woes Amid Tariff Turbulence
Thursday, April 10, 2025 - 9:09am | 547Volkswagen AG (OTC:VWAGY) (OTC:VLKAF) witnessed a robust uptick in its electric vehicle (EV) business across Europe during the first quarter of 2025 as demand for battery-powered cars continued to climb. Volkswagen delivered 939,800 vehicles across Europe between January and March, marking a 3.7%...
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GM, Ford, Tesla And Other Auto Stocks Slide In Thursday Pre-Market: What's Going On?
Thursday, March 27, 2025 - 6:04am | 568The stocks of automakers, General Motors Co. (NYSE:GM), Ford Inc. (NYSE:F), Stellantis NV (NYSE:STLA) and Tesla Inc. (NASDAQ:TSLA) declined 5.79%, 3.69%, 2.58%, and 1.59%, respectively during the pre-market trading session on Thursday. What Happened: On Wednesday, a 25% tariff was imposed by...
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Trump Tariff Delay On Autos Supported By 75% Of Readers In Poll: Will Pause Lead To More Purchases Ahead Of April?
Wednesday, March 12, 2025 - 1:15pm | 882President Donald Trump's tariff plans for Mexico and Canada could have a dramatic impact on the automotive sector, with reports that vehicles could rise in price by up to $12,000 for consumers. Trump recently paused a tariff on the auto sector for Mexico and Canada, prompting Benzinga to ask...
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Trump Tariffs Could Make Your Next Car $12,000 More Expensive: Expert Says 25% Fees Will 'Have A Sharp Negative Effect On Auto Sales'
Tuesday, March 4, 2025 - 2:07pm | 1015The automotive sector could be among the sectors most affected by President Donald Trump‘s tariffs. Experts size up the potential cost increases and consumer impact. What Happened: Automobiles made in Mexico and Canada and auto parts imported to the U.S. are now subject to 25% tariffs under...
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Carvana Q4 Earnings Preview: Improving Profitability, Growing Revenue, EV Sales Top Items To Watch
Tuesday, February 18, 2025 - 9:37pm | 938Used car online retailer Carvana Co (NYSE:CVNA) looks to keep its streak of profitability and analyst beats intact when the company reports fourth-quarter financial results after market close Wednesday. Here's a look at the earnings estimates from analysts and key items to watch. Earnings Estimates...
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General Motors Q4 Earnings Preview: EV Tax Credits, Tariffs, Political Impacts
Monday, January 27, 2025 - 5:19pm | 637Questions about tariffs, electric vehicles and the new White House administration could dominate General Motors Co (NYSE:GM) fourth-quarter financial results Tuesday before market open. Here's a look at the analyst estimates and key items to watch. Earnings Estimates: Analysts expect General Motors...