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DeSantis Blocks Ford, General Motors From DTC Sales In Florida, Tesla Is Okay Though
Friday, June 16, 2023 - 4:30pm | 785For several years, Elon Musk has supported Florida Gov. Ron DeSantis as a potential presidential candidate. Recently, DeSantis announced his official 2024 presidential election campaign during an appearance with Musk on Twitter Spaces. Could the link between Musk and DeSantis have led to some...
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Benzinga's 'Stock Whisper' Index: 5 Stocks Investors Are Secretly Monitoring, But Not Yet Talking About
Thursday, February 2, 2023 - 4:47pm | 986Investors are on the hunt for undervalued, underfollowed and emerging stocks to spot opportunities. Retail traders have countless methods at their disposal to uncover new information. For some, this may be overwhelming. Benzinga’s Stock Whisper Index uses a combination of proprietary data and...
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Tesla Made More In Profit Than GM In Q2 Despite Selling Fewer Vehicles
Friday, July 29, 2022 - 9:48am | 521The leading electric vehicle company posted second-quarter results recently that saw revenue miss analysts’ estimates. Despite that, Tesla Inc (NASDAQ: TSLA) posted operating margins which were once again among the best in the automotive industry. What Happened: Tesla reported vehicle...
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Double Digits: General Motors Is Making Only This Many Hummer EVs Per Day
Friday, July 1, 2022 - 3:31pm | 804One of the largest traditional automotive companies has put forth a plan to increase its position in the electric vehicle industry, something that has drawn praise from President Joe Biden. The company was criticized by Elon Musk for the low number of electric vehicles it produces, which could be...
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If You Invested $1,000 In General Motors When Mary Barra Became CEO, Here's How Much You'd Have Now
Wednesday, June 1, 2022 - 3:02pm | 423Automotive giant General Motors Company (NYSE: GM) has transitioned from its bankruptcy in 2009 and is now powering ahead with a transition to electric vehicles. Leading the transition is CEO Mary Barra. Here’s a look at how the stock has performed since Barra took over. What Happened: Mary...
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Elon Musk's Personal Wealth Now Greater Than GM, Ford And These 3 Other Auto Companies Combined
Wednesday, November 3, 2021 - 8:15am | 547The personal wealth of Elon Musk continues to soar at a record pace with shares of Tesla (NASDAQ: TSLA) trading higher year-to-date. As Musk soars past the rest of the top 10 on the Bloomberg Billionaires Index, he’s also passing the valuation of several Tesla competitors. What Happened: With...
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General Motors Company Looks Like It Could Be Ready To Breakout Soon
Thursday, July 29, 2021 - 6:02pm | 337General Motors Company (NYSE: GM) shares are trading higher Thursday in sympathy of Ford Motor Company’s (NYSE: F) better-than-expected earnings. The stock may also be moving in anticipation of GM’s earnings announcement. GM is scheduled to report second-quarter earnings on Aug....
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Why CarLotz Shares Are Plummeting 19% Today
Wednesday, May 26, 2021 - 8:52am | 375Used vehicle marketplace company CarLotz Inc (NASDAQ: LOTZ) issued a company update that's sending shares down sharply on Wednesday morning. What Happened: A leading corporate vehicle sourcing partner for CarLotz has paused consignments to the company. In the first three months of...
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Downshifting CarMax To A Perform Rating, Analyst Sees Continuing Sales Momentum In Question
Friday, October 6, 2017 - 10:08am | 384Analysts at Oppenheimer no longer hold a bullish rating on CarMax, Inc (NYSE: KMX)'s stock after a nearly 45 percent return over the past year. The firm's Brian Nagel downgrades CarMax's stock rating from Outperform to Perform with an unchanged $80 price target (see Nagel's track record here)....
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Trader's Guide To Volatility: Automakers Vs. Auto Suppliers
Saturday, November 5, 2016 - 7:15pm | 715Volatility is the name of the investment game, and all investments have some degree of volatility built into them, with only the degree varying. A look into how stocks of automakers fared relative to auto parts suppliers in the sessions following the release of their quarterly results reveals...
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Tigress On Auto Industry: 2016 Could Be Better Than 2015
Tuesday, June 21, 2016 - 2:31pm | 341Tigress Financial Partners is bullish on the U.S. auto industry and expects 2016's total auto sales will meet or even exceed 2015's record level of 17.5 million sold. In a research report published Tuesday, the analysts cited their bullish view on pent-up demand from consumers coupled with...
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Bank Of America Lowers Auto Sales Expectations: Here's Why
Tuesday, June 21, 2016 - 11:43am | 336U.S. auto sales have cooled down this year and are higher by only 1.8 percent year-to-date as consumers are focusing on leases. As such, analysts at Bank of America are now concluding that the auto industry is "entering the top of the eighth inning." The analysts, led by John Murphy, are now...
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TrueCar Plunges On Worse-Than-Expected Q4, Wall Street Turns Incrementally Bearish
Friday, February 19, 2016 - 12:28pm | 328Shares of TrueCar Inc (NASDAQ: TRUE) were trading lower by more than 15 percent on Friday after the company reported its fourth quarter results. TrueCar said that it lost $0.06 per share in its fourth quarter on revenue of $63.6 million. Wall Street analysts were expecting the company to lose $0....