UBS analyst Colin Langan says Tesla stock should now be sold, but he's only one voice among many. Other say TSLA still has room to grow.
The booming stock market in China is pulling people's money away from the auto market and causing car sales to slide.
Following Tesla's announcement to purchase Riviera Tool LLC, investors bought the wrong stock, which had a similar name. Regulators had to step in and stop trading of the tool and die company's shares.
Well how's that for an about-face? It was not even two weeks ago that we were reporting on Warren Buffett's praise for General Motors' CEO Mary Barra and her handling of the ignition switch recall. That hasn't stopped Buffett's company, Berkshire Hathaway from unlo
Hedge fund managers have been suing Porsche for years now, alleging that the car company lied about its intentions during its failed attempt to take over Volkswagen, a gambit that caused them billion in losses. Over the same period, authorities in Stuttgart built a criminal case against former CEO Wendelin Wiedeking (above, left) and Chief Financial Officer Holger Härter (right), filing charge
At the end of December, 2013 Toyota had a cash stockpile of 1.8 trillion yen ($17.5B US). As of March 31, at the end of its current financial year, company coffers are expected to swallow another 1.9 trillion yen ($18.4B US) in net profit - said to be a record sum for the Japanese automaker. In a gesture signaling a turnaround from the horrors of the global recession, Bloomberg reports that Toyota will buy back 60 million shares of its stoc
The sequence of events from 2007 that began with Porsche's secret attempt to take over Volkswagen, and instead lead to Porsche being taken over by VW, continues to instigate lawsuits against the Stuttgart sports car manufacturer. A group of hedge funds that suffered over $1 billion in losses
Tesla's value on the stock market far exceeds the number of vehicles it contributes to the automotive market. According to a report from Automotive News, Tesla is currently valued at $8.8 billion. Almost unbelievably, though we've never claimed to have a firm grasp on the inner workings of the stock market, that's a
Here's an unsurprising fact: Big Oil is making huge profits. Here's one that might catch your eye: car owners are spending nearly as much gassing up as they paid to buy their car.
It's fun to bet against Elon Musk and Tesla – that's the best reason we can find for so many people doing it even though the man, his company and his cars are still here and still very popular. The latest name inscribed in the column labeled "Skeptical of Tesla" is John Shinal at Market Watch who, in year-end commentary on Tesla's financials, says that the "carmaker's financials are reminiscent of a dot-com's." He does not mean that in the g
Smith Electric Vehicles has been patiently waiting to go public on Wall Street, and the time might soon arrive. The Kansas City, MO-based maker of electric delivery vehicles supplies trucks to clients such as Coca-Cola, FedEx Corp. and DHL, and filed for its initial public offering in November.
After 25 years and having been a member since the CAC 40's inception in 1987, on September 24, French carmaker Peugeot will be officially delisted from France's benchmark stock index. The CAC 40 is a collection of the 40 companies with the "most significant values" among the top 100 firms by market capitalizations listed on Euronext Paris (the French stock market). Peugeot has been struggling, and that's putting it kindly. With a first-half
The clouds that have been darkening the forecast for Peugeot just keep getting darker. The latest storm front involves the risk of being delisted from the CAC 40, the benchmark index composed of the 40 companies with the "most significant values" among the the companies with the top 100 market capitalizations listed on Euronext Paris (the French stock market). The blow wouldn't just hit Peug
Over at Motley Fool, Travis Hoium argues that there's a right way and a wrong way to jump on the electric vehicle investment bandwagon.
Fiat has gone from a local automaker to a major industry powerhouse in a relatively short span of time, increasing its own market stake while taking over Chrysler to expand its global reach. But something's gotta give, figured the industry analysts, leading to speculation that one of its most valuable properties could be sold – at least in part – to raise capital for the rest.
Zipcar's initial public offering (IPO) earlier this month turned a concept – vehicles available for rent by the hour – into a $1.2 billion stock-market value, according to Barron's,