Core Viewpoint - Rivian Automotive has lowered its annual delivery forecast midpoint due to the expiration of federal tax credits, leading to a decline in its stock price by over 3.3% [1] Company Summary - Rivian has narrowed its annual delivery forecast to between 41,500 and 43,500 vehicles, which is 500 vehicles lower than its previous forecast range of 40,000 to 46,000 [3] - The company reported a delivery of 13,201 vehicles in the third quarter, exceeding analysts' estimates of 12,690 vehicles [3] Industry Summary - The electric vehicle (EV) industry is facing a challenging outlook following the U.S. Congress's decision to abolish a $7,500 tax credit on leasing, which is expected to lead to a decline in EV sales and leasing [2] - The expiration of consumer tax credits and the imposition of high tariffs on auto parts have increased manufacturing costs and compressed margins for EV makers [4] - Rising vehicle costs may negatively impact Rivian's margins as the company aims to enhance profitability ahead of the launch of its more affordable R2 SUVs next year [5]

Core Insights - Tesla reported quarterly vehicle deliveries of 497,099 for the period ended September 30, 2025, which is a 7% increase compared to the previous year when deliveries were 462,890 [2][3] - The company faced a decline in production, with 435,826 vehicles produced, down from 469,796 in the same quarter of the previous year [2][3] - The expiration of a key tax credit for electric vehicle buyers in the U.S. coincided with this reporting period, impacting sales dynamics [3][4] Delivery and Production Data - Independent researcher Troy Teslike predicted 481,000 deliveries, while Tesla's company-compiled consensus indicated expectations of 443,079 deliveries [1] - FactSet estimates suggested around 447,600 deliveries, showing a slight discrepancy with actual reported figures [2] - Tesla's production numbers were lower than the previous year, indicating potential challenges in meeting demand [2][3] Market Dynamics - Tesla's sales in Europe were negatively impacted by consumer backlash against Elon Musk and increased competition from companies like Volkswagen and BYD [4] - In contrast, U.S. sales saw a surge as consumers rushed to purchase EVs before the tax credit expiration [4] - Ford reported a 30.2% increase in its all-electric vehicle sales, reaching over 30,600 units, although still trailing behind Tesla [5] Stock Performance - Tesla's stock price increased by 40% in the third quarter, recovering from a difficult start to the year, with a year-to-date increase of 14% compared to the Nasdaq's 18% gain [5] Energy Business - In the second quarter, Tesla deployed 12.5 GWh of energy storage products, including Megapack systems, indicating growth in its energy segment [6] - The company also reported deploying 9.6 GWh of energy storage products in the second quarter of 2025, showing a consistent demand for its energy solutions [7]

Core Insights - Tesla's Cybertruck showcased its performance by beating a Porsche 911 in a drag race, with CEO Elon Musk highlighting its ability to tow a 911 while achieving faster quarter-mile times [2] - The Las Vegas Police Department received 10 custom Cybertrucks as a donation, indicating some institutional interest despite overall sales challenges [3] Sales Performance - The Cybertruck has experienced poor sales in the U.S., with only over 46,000 units sold in 14 months against a production capacity of 250,000 units annually [4] - Tesla has discontinued the RWD Long Range variant of the Cybertruck due to slow demand, just five months after its introduction [4] - The company reportedly has over 10,000 unsold Cybertruck units in the U.S., despite a marketing strategy shift aimed at appealing to traditional pickup drivers [5] Market Metrics - Tesla scores well on Momentum and Growth metrics, while its Value rating is poor, indicating mixed market perceptions [6] - The company shows a favorable price trend in the short, medium, and long term, suggesting potential for future performance [6]

Tesla Inc. (NASDAQ:TSLA) faces fresh woes as sales in the European region continue to deteriorate for Elon Musk's EV giant.Check out the current price of TSLA here.Tesla's Italian Sales Fall 25%Tesla's sales in Italy fell by over 25.6% in September in the Italian market, news agency Reuters reported on Wednesday, citing data from Italy's transport ministry. Tesla sold over 1,450 units in the region during September, the data showed. The company captured over 1.1% of the total market share, the report sugges ...

General Motors (GM)  stock has often caught the attention of value investors, trading at relatively suppressed levels despite its robust financial metrics.What has held GM shares back, you might ask, is the perception that the historic automaker won’t be able to sustain its dominance in an increasingly competitive and innovative market.However, GM has continued to invest in electric vehicles (EVs) and autonomous driving through its subsidiary Cruise, which is lifting sentiment in regard to its long-term gro ...

[Music] That is the closing bell on Wall Street and now it's market domination over time giving you full coverage all the moves to get you up to speed on the action from today's trade. Yahoo Finance's very own Jared Blickery joining us now to break it all down. Jared, what do you see at that close.>> Well, thank you Josh. Uh the Dow is not up by a lot, just over 40 points or onetenth of a percent, but that is enough for a record closing high. And I'll show you the intraday price action.Here you go off of th ...

Joining us now is Afan Bash. She is founder and CEO of Rock Creek and it's great to have you back on the show. Welcome.Great to be with you. So, let's start right there because this has been a global bull market. Um, we focus so much on the US, but how do you see that versus the rest of the world.So, we had such low valuations in places like emerging markets that we were just talking about. And of course, you've had a number of companies that are in getting better. plus they're benefiting from inflation and ...

Joining us now is Gene Monster, managing partner, Deep Water Asset Management. Gan, why would this be good news. >> Brian, uh before that, I just want to acknowledge that there is a near-term benefit undoubtedly from the tax credit.If we zero in on the numbers we're going to see tomorrow, this 400 and call it 75 80,000 deliveries, about 40,000 of those are likely coming from pull forward in demand because people want to make buy a car that's 15% less expensive. And so, uh, start there is that cheaper cars d ...

Check it out 👉🏼 https://t.co/FMQiG2k77b ...

This is top secret. Oh, absolutely top secret. Wow.>> At the GMC Design Center in Warren, Michigan, engineers and designers are hard at work on trucks and SUVs that won't be out for two to three more years. >> Clay sculpting was a process that was uh created by General Motors design very early in the 20s, and it's a process that the industry still continues to use today. Some models literally under wraps from our cameras.But it's no secret that GMC's parent company GM is leaning into electric vehicles. The ...