Quick reading Tesla (TSLA) is trading at extremely tight valuations despite falling revenues, collapsing net income by almost 50%, and deliveries growth of just 6%. Stellantis (STLA) has been maligned as a weak automotive sector, but there are many reasons to believe otherwise. Tesla’s valuation is based on robotaxi and Optimus is promising with prediction…
Worried about an AI bubble? Sign up to The Daily Upside to receive smart, actionable market news designed for investors. On Thursday, Big Three automakers Stellantis announced a sweeping 60 billion euro ($69.6 billion) revival plan that includes the introduction of 60 new models this decade. Naturally, its New York-listed shares made only limited gains…
Unless your name is Tesla, the US EV market has been a minefield for OEMs. There were dangerous cracks even as customers set a record sales pace through the first three quarters of 2025. American consumers flocked to dealerships to buy electric vehicles last year, until September 30, when the $7,500 EV tax credit expired….
Big Three automaker Stellantis (STLA) reported a massive full-year loss after taking a $26 billion EV-related charge, but saw an improvement in second half (H2) results, suggesting the company’s turnaround under CEO Antonio Filosa may be working. Stellantis, which has brands such as Ram, Jeep, Fiat and Alfa Romeo in its product portfolio, reported second-half…
Stellantis is terminating its binding offtake agreement with Alliance Nickel for nickel and cobalt from the NiWest project in Western Australia due to missed milestones. The termination will take effect on December 3. According to Alliance, the termination of the contract is due to the failure to meet certain important dates, rendering the existing agreement…
The US stock market is eagerly awaiting the Federal Reserve’s latest monetary policy meeting, while keeping an eye on Instacart’s imminent debut on the Nasdaq. Early Tuesday, both the S&P 500 (^GSPC) and the Dow Jones Industrial Average (^DJI) saw a slight decline of around 0.2%. Meanwhile, the Nasdaq Composite (^IXIC) posted a slightly steeper…
Wall Street started the day with a slight rebound, but remains on track for weekly losses following a sell-off fueled by the Federal Reserve’s guidance of prolonged high interest rates. At the opening bell, the S&P 500 (^GSPC) saw a modest gain of around 0.2%, while the Dow Jones Industrial Average (^DJI) was flat. The…
This week, Stellantis and Whirlpool became the latest companies to boost their manufacturing footprint in the United States. Stellantis, the maker of Jeep, plans to add 5,000 jobs. Whirlpool announced a $300 million investment and new jobs in Ohio. Kelly O’Grady has more. Source link
Stellantis says it will invest $13 billion over the next four years to expand its manufacturing capacity in the United States, a move the automaker says will increase its domestic vehicle production by 50% and add more than 5,000 jobs. The world’s fourth-largest automaker said Tuesday that the investment will support the introduction of five…
