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Weather Man

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Nikola bid up after Deutsche Bank nod, chairman's update
Aug. 3, 2020 1:01 PM ET|About: Nikola Corporation (NKLA)|By: Clark Schultz, SA News Editor


Nikola (NKLA +10.6%) is up 11.50% with several developments of interest to investors today.

Deutsche Bank started things off by issuing a short-term catalyst call buy recommendation ahead of the company's Q2 earnings report tomorrow. Analyst Emmanuel Rosner thinks Nikola may use its earnings call to update customer names for its electric truck, disclose a manufacturing partner for its Badger pickup and potentially update on Badger reservations.

There is also the Lordstown announcement on going public that has seemed to help stoke gains up and down the EV sector.

Finally, a tweet from Nikola Executive Chairman Trevor Milton gives a partial update on the company's balance sheet.
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Weather Man

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U.S. auto industry starts long road back with sequential improvement in July
Aug. 3, 2020 11:27 AM ET|About: General Motors Company (GM)|By: Clark Schultz, SA News Editor


TrueCar's ALG subsidiary forecasts that U.S. revenue from new vehicle sales was over $43B in July to fall 11.9% from last year's level on an unadjusted basis, but improve 6% from last month.

Average prices were up 3.3% Y/Y in July, as gains for Hyundai (+11%), Daimler (+7%) and Ford (+10%) more than offset lower prices from Kia (-1%) and Nissan (-0.3%). Incentive spending rose the most at Honda (+25% Y/Y) and Subaru (+22%) per ALG.
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"We are seeing the effects that limited vehicle supply has on average transaction price for some brands. For example, Kia is seeing a year-over-year decline in their overall average transaction price which is mainly due to low inventory levels on their high demand Telluride, one of the most expensive vehicles in their lineup," notes the firm.

Brands with more plentiful inventory levels on popular models, such as Ford, are successfully increasing their transaction prices year-over-year. On the TrueCar platform, a shift of Ford shoppers from the Escape to the Explorer is being seen, contributing to higher transaction prices.

Automobile stocks: General Motors (GM +2.4%), Ford (F +0.5%), Fiat Chrysler Automobiles (FCAU +4.4%), Tesla (TSLA +4.7%), Honda (HMC +2.7%), Toyota (TM +1.2%), Nissan (OTCPK:NSANY +2.3%), Hyundai (OTCPK:HYMLF), Daimler (OTCPK:DDAIF +4.4%), BMW (OTCPK:BMWYY +2.3%), Volkswagen (OTCPK:VWAGY +4.2%), Subaru (OTCPK:FUJHY).
 

ON D BIT

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Their are very smart people betting on and against Tesla. I for one would have been in the short camp. I like other bears would have gotten crushed. This is one of those stocks that nothing would surprise me.
Tesla stock price is being held up by China, cartel drug money, and false accounting practices all to get Elon his bonus. They still have no sales and profits!
 

Weather Man

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Ford +3% after elevating COO Jim Farley to CEO position
Aug. 4, 2020 9:15 AM ET|About: Ford Motor Company (F)|By: Clark Schultz, SA News Editor


Ford (NYSE:F) says CEO Jim Hackett will retire from the company to be replaced by current COO Jim Farley.

Hackett took over Ford in March of 2017 following Mark Fields and the popular Alan Mulally

Shares of Ford didn't perform well during the Hackett period at the top despite the restructuring and cost-savings efforts.
 

Weather Man

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Nikola rallies into eventful earnings report later today
Aug. 4, 2020 10:02 AM ET|About: Nikola Corporation (NKLA)|By: Clark Schultz, SA News Editor


Nikola (NASDAQ:NKLA) is up 6.88% as investors move in ahead of the company's Q2 earnings report later today and with the potential announcement on a pickup manufacturing partner dangling in the wind.

Add in a high level of short interest on Nikola and a huge army of Robinhood traders latching on to the EV name to the volatility mix.
 

Weather Man

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New Ford CEO seen driving urgency and narrowed focus
Aug. 5, 2020 9:00 AM ET|By: Clark Schultz, SA News Editor


Credit Suisse analyst Dan Levy checks in on Ford after yesterday's announcement of a CEO switch.

"We expect Farley to bring urgency, driving Ford to be a smaller but more focused company: We think the overarching theme of the Farley tenure will be driving Ford to be a smaller but more focused company. We think Farley brings a greater sense of urgency – something which was arguably lacking from Ford in recent years, with greater focus on meeting targets. Moreover, Farley’s approach has been to emphasize Ford’s strengths and winning brands – F-Series, Mustang, utility vehicles, light commercial vehicles. At the same time, we’d expect brands/products that aren’t strengths for Ford to be shrunk."

Farley is also seen needing to drive significant progress on the far out horizon, as investors will need to see proof points that Ford is prepared for industry disruption.

It is not an understatement to say Ford has had a tough time getting traction with investors over the last few years.
 

Weather Man

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BMW talks electric vehicles, and TSLA investors are listening
Aug. 6, 2020 6:20 AM ET|About: Bayerische Motoren Werke ... (BMWYY)|By: David Jackson, SA News Editor


In its H1 2020 financial results press release, BMW (OTCPK:BMWYY) discussed its investment in electric vehicles. Here's what it had to say:

"For the first time across the entire life cycle of its products – from the supply chain to production and through to a vehicle’s end-of-life phase, the BMW Group has set itself clear targets for reducing its CO2 emissions up to the year 2030. Over this entire period, CO2 emissions per vehicle are to be reduced significantly by at least one third by 2030 compared with 2019 levels. For instance, the CO2 emissions our vehicles generate during their lifetime are to be reduced by 40 per cent per kilometre driven. The key lever for achieving this target is a far-reaching product strategy that massively promotes the use of e-mobility. In ten years, the goal is to have a total of over seven million electrified BMW Group vehicles on the roads – some two thirds of which will be all-electric models."

"The BMW Group is already a leading maker of electrified vehicles. By the end of 2021, it will be offering five all-electric, series-produced automobiles in the form of the BMW i3*, the MINI Cooper SE*, the BMW iX3*, the BMW iNEXT and the BMW i4. The next generation of the BMW 7 Series will mark a further important milestone. The flagship model of the BMW brand will be available with four different types of drivetrain, i.e. highly efficient diesel- and petrol-driven versions, an electrified plug-in hybrid and, for the first time, an all-electric BEV model. By 2023, the BMW Group intends to have 25 electrified models on the road – half of them all-electric versions."

"In addition to the BMW 7 Series, comprehensive electrification will continue to be rolled out across the Group’s model range. Further examples of the "Power of Choice" will be the highly popular BMW X1 and BMW 5 Series, which will also be available with all four drivetrain variants going forward – all-electric, plugin hybrid, diesel and petrol. “The best vehicles in the world are sustainable. Premium quality and sustainability will be increasingly linked going forward,” said Zipse. “We are leveraging our outstanding technological expertise in both hardware and software to make our vehicles desirable and at the same time help to minimise CO2 emissions.” The BMW Group continues to work on significantly reducing the CO2 emissions generated by its current fleet of new vehicles and is again this year set to meet the stipulated CO2 fleet target for new vehicles registered in Europe in 2020. The figure is around 20% below the requirement stipulated for 2019. Systematic electrification of the model range is making a decisive contribution towards achieving this target."

See also BMW's earnings call presentation.
 

Weather Man

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GM looks to recharge Cadillac with Lyriq crossover
Aug. 7, 2020 5:10 AM ET|About: General Motors Company (GM)|By: Yoel Minkoff, SA News Editor


"It marks a turning point for the brand, a pivot point for the brand, an opportunity to regain momentum and position the Cadillac brand for its next chapter," Cadillac (NYSE:GM) President Steve Carlisle told reporters during a media briefing. "Lyriq really is the cornerstone upon which we are going to build the future."

The midsize crossover includes a massive diagonal 33-inch curved LED screen on the interior, advanced lighting technology on the exterior and GM's Super Cruise driver-assist system.

The range of the vehicle is estimated to be more than 300 miles on a single charge, according to GM. That's lower than the 400 miles or more the company has said its next-generation EVs could be capable of, but it compares to the 316 miles of Tesla's Model Y.

GM plans to have a majority, if not all, of its Cadillac cars and SUVs sold globally to be all-electric vehicles by 2030.

"General Motors has an advantage in scaling and monetizing its technological investments across its many established brands, supply chain, and distribution channels," writes David Trainer, adding the "stock remains undervalued and, given the COVID-driven price decline, offers a significant upside." See the SA article, General Motors Is Making A Turn For The Better.
 

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Hyundai Motor rallies on Ioniq EV plan
Aug. 10, 2020 3:35 AM ET|About: Hyundai Motor Company (HYMLF)|By: Mamta Mayani, SA News Editor


Korean automaker Hyundai Motor (OTCPK:HYMLF) jumps 16% on the launch of its new IONIQ brand dedicated to battery electric vehicles (EVs), as part of its drive to become the world’s third-largest seller of EVs by 2025.

Starting in early 2021, Hyundai plans to introduce three all-electric models under the Ioniq brand. They include the Ioniq 5, a midsize EV CUV based on concept '45'; in 2022, the Ioniq 6 sedan, based on the company's 'Prophecy' concept unveiled earlier this year, and in early 2024, the Ioniq 7, a large SUV.

The company aims to sell 1M units of battery EVs and take 10% share to become a leader in the global EV field by 2025.

IONIQ brand models will sit on an Electric Global Modular Platform, known as E-GMP, that will enable fast charging capability and plentiful driving range.

“The IONIQ brand will change the paradigm of EV customer experience,” said Wonhong Cho, Executive Vice President and Global Chief Marketing Officer at Hyundai Motor Company.
 

Weather Man

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Chinese luxury EV maker Xpeng files for an IPO
Aug. 10, 2020 1:36 AM ET|About: Xpeng, Inc. (XPEV)|By: Gaurav Batavia, SA News Editor


Chinese electric vehicle manufacturer Xpeng (XPEV), backed by Alibaba Group Holding, has filed for an IPO on NYSE for 429.84M class B ordinary shares. However, the company did not clarify on the number of class A ordinary shares.

Xpeng raised $900M in the two tranche with $500M in July and $400M just ahead of IPO from Alibaba, one of its biggest shareholders, the Qatar Investment Authority and Abu Dhabi sovereign wealth fund Mubadala.

The company has two cars in the market the G3 SUV and the P7 sedan.

G3 delivered till 18,741 units and P7 delivered 1,966 units as on July 31. The company plans to launch third Smart EV, a sedan, in 2021.

The company reported 1H revenue of $141.9M (-18% Y/Y) and EPS of -$0.81.
 

Weather Man

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Tesla -4% with South Korea considering EV incentive change
Aug. 10, 2020 11:06 AM ET|About: Hyundai Motor Company (HYMLF)|By: Clark Schultz, SA News Editor


The South Korean government is considering cutting Tesla (NASDAQ:TSLA) right out of its incentive programs by boosting the price threshold for electric cars to qualify for the incentives, reports Electrek.

"Tesla had so much demand that it reportedly accounted for almost half of the near $200 million in incentives the country issued during the first half of the year," notes Fred Lambert.

Lambert reminds that the Hyundai-Kia (OTCPK:HYMLF) powerhouse has a lot of power in South Korea and no entries in the luxury EV market yet.

Shares of Tesla are down 4.42% on the day. Earlier in the day in Asia, Chinese EV player Xpeng filed for an IPO in the U.S.
 

ON D BIT

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Tesla -4% with South Korea considering EV incentive change
Aug. 10, 2020 11:06 AM ET|About: Hyundai Motor Company (HYMLF)|By: Clark Schultz, SA News Editor


The South Korean government is considering cutting Tesla (NASDAQ:TSLA) right out of its incentive programs by boosting the price threshold for electric cars to qualify for the incentives, reports Electrek.

"Tesla had so much demand that it reportedly accounted for almost half of the near $200 million in incentives the country issued during the first half of the year," notes Fred Lambert.

Lambert reminds that the Hyundai-Kia (OTCPK:HYMLF) powerhouse has a lot of power in South Korea and no entries in the luxury EV market yet.

Shares of Tesla are down 4.42% on the day. Earlier in the day in Asia, Chinese EV player Xpeng filed for an IPO in the U.S.
Awesome!
 

Weather Man

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GM comes in low with Cadillac Lyriq pricing
Aug. 13, 2020 7:54 AM ET|About: General Motors Company (GM)|By: Clark Schultz, SA News Editor


Yesterday at the JPMorgan Auto Conference, General Motors (NYSE:GM) said it would price its Cadillac Lyriq electric SUV at below $60K.
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"This car will need to be priced similar to how the industry prices midsize lux SUVs today, maybe a slight premium at the outset. It's a price that won't be high five digits. It won't start with a seven and it won't start with a six," stated GM president Steve Carlisle. Another important factor in the mix is that California and New York cap their state incentives for EV purchases at $60K.

The Lyriq isn't due to arrive to the market until 2022, while GM works on the ecosystem. The model is expected to have 300 miles of expected range on a full charge based on Cadillac testing. Lyriq will offer at-home Level 2 AC charge rates up to 19kW and public DC fast-charging rates of up to 150 kW. Tesla's (NASDAQ:TSLA) Model Y and the Polestar 2 could be two competitors for the Lyriq.
 

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Does anyone know if any of the big three are offering major incentives on used late-model (2017 and newer) cars?

Would be sick if they had low interest on some used stock. I wish I could afford a trackhawk. LOL
 

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