tl;dr
Tesla (NASDAQ:TSLA) makes its official entry into the electric pickup market this week with the launch of the highly-anticipated Cybertruck. The Austin-based company is set to hold a Cybertruck delivery event on November 30 to debut the first EV pickups. The Cybertruck, announced by Tesla in 2...
Tesla (NASDAQ:TSLA) makes its official entry into the electric pickup market this week with the launch of the highly-anticipated Cybertruck. The Austin-based company is set to hold a Cybertruck delivery event on November 30 to debut the first EV pickups.
The Cybertruck, announced by Tesla in 2019, is not expected to be a high-volume seller, but a popular reservation tracker estimates net reservations at 2.10M. It will compete with other all-electric models in the market and is expected to be available in three different variants, with prices anticipated to range from ~$50k to $80k. Analysts believe the Cybertruck's release will not significantly impact Tesla's sales, but see it as contributing to the broader growth story and enhancing the Tesla brand. Shares of Tesla gained 2.80% in afternoon trading on Tuesday and are up about 18% over the last six weeks.
More about Tesla Inc
Tesla, Inc. is an American electric vehicle and clean energy company based in Palo Alto, California. In 2020, Tesla had the highest sales in the plug-in and battery electric passenger car segments, capturing 16% of the plug-in market and 23% of the battery-electric market. Through its subsidiary Tesla Energy, the company is a major installer of solar photovoltaic energy generation systems in the United States and one of the largest global suppliers of battery energy storage systems, with 3 GWh of battery storage supplied in 2020. The stock performance of Tesla Inc. has been volatile, with a 76.4% increase in revenue, a 3.09% return on assets, and a 30.28 P/E ratio. The market sentiment towards Tesla Inc. is mixed, with a Relative Strength Index (RSI) of 205.38, indicating overbought conditions, and a Bollinger Bands indicator of -0.442, suggesting potential downside risk. It is important to note that past market behavior is not always a reliable indicator of future performance, and there are potential risks and uncertainties associated with investing in Tesla Inc.
More about Ford Motor Company
Ford Motor Company is a multinational automaker with its main headquarters in Dearborn, Michigan. With a market cap of $174.23 billion and a stock price of $6.76, the company has seen a 0.6% increase in its stock performance. However, the RSI of 43.55 indicates a neutral sentiment in the market. The company's P/E ratio of 11.99 and a beta of 1.938 suggest moderate volatility and potential risks associated with its stock. While the company operates in the manufacturing sector for motor vehicles and passenger car bodies, the current market sentiment is not clearly bullish or bearish, indicating potential uncertainties in the future performance of the stock.
More about General Motors Company
General Motors Company (GM) is a multinational corporation in the manufacturing sector, specifically in the motor vehicles and passenger car bodies industry. With a market capitalization of $171.97 billion and a stock price of $41.71, the company has shown a slight decrease of 2.2% in recent performance. Despite this, the company's financial metrics, including a revenue of $39.03 billion and a net income margin of 3.6%, indicate a strong position in the market. However, with a relatively low price-to-earnings ratio of 7.12 and a beta of 0.0583, there may be some volatility and risk associated with the stock. Overall, market sentiment for GM appears to be cautiously optimistic, with potential for growth but also some uncertainty in the current market environment.
More about Toyota Motor Corporation ADR
Toyota Motor Corporation ADR is a leading manufacturer of motor vehicles and passenger car bodies, with a market capitalization of approximately $254.25 billion. The stock has a price-to-earnings ratio of 9.88 and a dividend yield of 1.979%. The stock has shown a bullish trend, with a current price of $189.11, up 19.06% from its previous close. Market sentiment towards Toyota Motor Corporation ADR is positive, with strong support at the current price level. However, there are potential risks associated with the stock's performance, and past market behavior may not accurately predict future performance.
More about Rivian Automotive Inc
Rivian Automotive Inc. is a manufacturing company in the motor vehicles and passenger car bodies industry. With a market capitalization of $15,955,582,000, the company has shown a negative earnings per share of -6.02 and a price-to-earnings ratio of 4.033. The company's stock performance has been on a downward trend with a decrease of 1.49%. Market sentiment towards Rivian Automotive Inc. is cautious, with a significant market cap of $3,782,000,000 and a stock price of $26.83. It is important to note that past market behavior is not always a reliable indicator of future performance, and there are potential risks and uncertainties associated with investing in this company.
More about Fisker Inc
Fisker Inc. is a company focused on the design, development, manufacture, and sale of electric vehicles, operating in the manufacturing sector for motor vehicles and passenger car bodies. The company's financial data shows a net income of $0, negative earnings per share of $1.43, a price-to-earnings ratio of 0.222, and a market capitalization of $73,129,000 with a stock price of $6.15. The market sentiment towards Fisker Inc. appears to be uncertain, with the stock performance potentially indicating a bearish trend. However, given the volatility of the electric vehicle market and the potential for future growth in the industry, there are significant risks and uncertainties associated with the analysis.
More about Canoo Inc
Canoo Inc. is a mobility technology company that designs, develops, and manufactures electric vehicles for the commercial and consumer markets in the United States. The company operates in the manufacturing sector, specifically in motor vehicle parts and accessories. With a market cap of 241.061 million, Canoo Inc. has experienced a stock performance with a current price of $1.61 and a decrease of $0.72. The market sentiment towards the company appears to be neutral, with potential uncertainties surrounding its stock performance and future prospects.
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This is not financial advice. Please do your own research before investing in any asset.