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Trading Ideas

Tesla deliveries miss Wall Street target; shares fall 6%

Deliveries of all models rose 1.9% from the second quarter to 97,000 vehicles, including 79,600 Model 3 sedans and 17,400 Model S/X SUVs, below estimates of 97,477 vehicles. Elon Musk had previously said that Tesla aims to be profitable in the fourth quarter, with the third quarter to be break-even. Under pressure to meet his repeated promises to make Tesla sustainably profitable, Chief Executive Elon Musk is trying to contain costs while still spending on major initiatives from a Shanghai factory and assembly-line to upcoming models such as the Model Y SUV and a Semi commercial truck. …read more […]

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Trading Ideas

Ford Investors Will Have To Be Tough When It Comes to Their Dividend

I covered Ford Motor Company (NYSE: F) in this column a year ago. At the time, the automaker got a “D” for dividend safety because of falling cash flow and a payout ratio that was too high.
We’re in the same situation today, though now things appear a little worse.
Ford is going through a reorganization as it invests a lot of money into electric vehicles (EVs).
Ford plans to invest $11 billion in developing EV technology. It may ultimately pay off as EVs become more popular.
The company has also already invested $1 billion into autonomous driving car technology and is likely to …read more […]

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Business News

U.S. to hit EU with tariffs of 10% on aircraft, 25% on other goods: official

The United States will impose 10% tariffs on aircraft and 25% on other industrial and agricultural products from the European Union as part of a World Trade Organization penalty award in a long-running aircraft subsidy case, an official with the U.S. Trade Representative’s office said on Wednesday.

…read more […]