When a power outage hit San Francisco on Saturday, local drivers had to navigate more than just darkened roads and inactive stoplights. Footage shared on social media shows some Waymo robotaxis stalled in traffic, clogging roadways and causing disruptions. One video on X showed at least five Waymos crowding an intersection, forcing human drivers to maneuver around them.The power outage in San Francisco has caused Waymo’s self-driving cars to come to a halt, leading to traffic disruptions across the city. h ...

When a power outage hit San Francisco on Saturday, local drivers had to navigate more than just darkened roads and inactive stoplights. Footage shared on social media shows some Waymo robotaxis stalled in traffic, clogging roadways and causing disruptions. One video on X showed at least five Waymos crowding an intersection, forcing human drivers to maneuver around them.The power outage in San Francisco has caused Waymo’s self-driving cars to come to a halt, leading to traffic disruptions across the city. h ...

Core Insights - Lyft's operational performance is strong, enhancing the company's future prospects, with proactive initiatives to maximize fleet utilization and expand rider access [1] - Lyft shares have appreciated significantly, making it an opportune time for investors to consider [1] Earnings Estimates - The Zacks Consensus Estimate for Lyft's upcoming-quarter earnings has been revised upward by 10.7% to 31 cents per share [2] - The 2026 earnings estimate is projected at $1.42 per share, reflecting a 6% increase over the past 60 days [2] Price Performance - Lyft's shares have increased by 65.2% over the past year, outperforming the Zacks Internet - Services industry's growth of 48.8% [2] Earnings Surprise History - Lyft has a mixed earnings surprise history, exceeding the Zacks Consensus Estimate in two of the last four quarters, with an average surprise of 15.76% [4] Industry Rank - Lyft's industry currently holds a Zacks Industry Rank of 100 out of 246, placing it in the top 41% of Zacks Industries [5] - The performance of the industry group is crucial, as it significantly influences stock price movements [5] Growth Factors - Lyft is set to launch fully autonomous ride-hailing in Nashville in 2026, leveraging its partnership with Waymo [6] - The collaboration aims to integrate Waymo's autonomous vehicles into Lyft's operations, enhancing fleet utilization and rider access [6][7] - In Q2 2025, Lyft reported a 14% year-over-year increase in rides to 234.8 million and a 10% rise in active riders to 26.1 million, both record highs [8]

Core Viewpoint - Tesla has missed earnings expectations in its latest quarter, leading to a significant decline in its stock price this year, which is down 21% as of July 30 [1][2]. Financial Performance - Tesla's quarterly revenue was $22.5 billion, down 12% compared to the previous year, while net income fell by 16% to $1.2 billion, both figures falling short of analyst expectations [7]. - Despite recent struggles, Tesla's stock has increased over 200% over the past five years, indicating long-term growth potential [10]. Market Position and Competition - Investor sentiment has turned bearish, particularly due to increasing competition in the EV market, especially from lower-priced Chinese manufacturers, which could pressure Tesla's margins [5]. - The company's growth rate has significantly declined in recent years, raising concerns about its future performance [5]. Future Projections - Tesla's recent earnings call included optimistic projections, such as the availability of unsupervised full self-driving in certain geographies and the production of the Optimus version three humanoid robot next year, which could serve as catalysts for stock recovery [12]. - The stock is currently trading at a high valuation of around 160 times its analyst-estimated future earnings, indicating that high expectations are already priced in [8][9]. Investment Considerations - While Tesla remains an exciting growth stock, the current high premium suggests caution for potential investors, as there is little margin of safety if the company fails to meet its ambitious targets [11].

Core Viewpoint - Avis Budget Group's stock has experienced a significant decline following disappointing second-quarter earnings, despite previous optimism in the rental car sector [1][3]. Financial Performance - Revenue for the second quarter was flat at $3.04 billion, slightly exceeding the consensus estimate of $3 billion [4]. - Adjusted EBITDA increased by 29%, rising from $214 million to $277 million [4]. - Earnings per share (EPS) on a GAAP basis were reported at $0.10, down from $0.41 a year ago and significantly below estimates of $1.83 [5]. Strategic Developments - Avis announced a multiyear strategic partnership with Waymo to launch fully autonomous ride-hailing services in Dallas, with Avis managing the fleet [5]. - The company introduced Avis First, a premium service offering features like frictionless curbside pick-up and drop-off, dedicated concierge, and current-year vehicles [5]. Future Outlook - For the full year, Avis is targeting adjusted EBITDA between $900 million and $1 billion, with per-unit fleet costs projected at $310 to $320 per month [6]. - The company did not provide guidance for the third quarter, but the summer season is critical for profitability [6]. - Despite the recent stock decline, Avis is positioned well with product innovations, and if the economy remains strong, there is potential for stock recovery [7].

Core Viewpoint - Tesla's stock experienced a significant rebound in May, rising over 23%, which is substantially higher than the S&P 500's 5.5% gain, indicating a recovery from earlier losses [1][2]. Group 1: CEO's Involvement - Elon Musk's decision to step down from the Department of Government Efficiency (DOGE) has led to increased investor optimism, as he will allocate more time to Tesla [2][4]. - Musk's leadership has been crucial for Tesla's growth, and his reduced external responsibilities are viewed positively by investors [5]. Group 2: Sales Growth Initiatives - Tesla is focusing on revitalizing sales growth after a 20% year-over-year decline in automotive revenue in Q1 [6]. - The launch of the Robotaxi service and new lower-cost models are expected to drive demand and return the company to strong growth [11]. Group 3: Robotaxi Service - The Robotaxi service is seen as a major catalyst for Tesla's future growth, with a price-to-earnings ratio exceeding 200, indicating high investor expectations for revenue and earnings growth [8]. - Most vehicles delivered to customers are capable of being integrated into the Robotaxi fleet, allowing for rapid scaling of the service [9]. - Successful testing of self-driving Model Y vehicles has positioned the rollout of the Robotaxi service ahead of schedule, with no incidents reported [10]. Group 4: Market Sentiment - While recent developments have led to increased optimism about Tesla's stock, the recent price increase may have already factored in this positive news, suggesting that the stock may be more of a hold than a buy at this time [12].

Core Viewpoint - Tesla's Q1 2025 earnings report showed significant misses on EPS and revenue targets, yet the market's muted reaction indicates a level of pessimism already priced in [7]. Financial Performance - Earnings Per Share (EPS) of $0.27 missed Wall Street estimates of $0.43 [8] - Revenue of $19.3 billion missed Wall Street estimates of $21.11 billion, representing a 9% year-over-year decline [8] - Gross margin remained steady at 16.3%, consistent with Q4 margins [4][8] Market Context - Tesla shares have declined nearly 40% in 2025 due to tariff concerns, a slowing electric vehicle market, macroeconomic weakness, and political backlash [1] - The options market implied a potential move of approximately 9% in Tesla shares following the earnings release [1] Business Developments - Tesla plans to revisit guidance in Q2, which is typically seen as a bearish signal, but current global tariff chaos may provide the company some leeway [2] - The launch of Tesla's pilot Robotaxi program in Austin, Texas, is on track, despite previous concerns about delays due to tariffs and macroeconomic factors [3] - Tesla's energy storage business grew by 67% year-over-year, marking it as the strongest growing segment of the business [6] - The company is on track to begin working on new vehicle models in the first half of 2025, including a highly anticipated low-cost model [5]

Core Viewpoint - Tesla is advancing towards launching its autonomous ride-hailing service by filing for regulatory approval in California, aiming to compete with industry leaders like Waymo, Uber, and Lyft [1][2] YTD Performance - Year to date, Tesla's shares have decreased by 11.9%, underperforming the Zacks Auto, Tires and Trucks sector and the S&P 500 index, which declined by 18.4% and 0.7% respectively [3] - Tesla's performance is also lagging behind Uber and Lyft, which have gained 31.6% and 4.1% respectively in the same period [3] Business Segments - Tesla's Energy Generation and Storage business is its most profitable segment, with energy storage deployments growing at a CAGR of 180% over the past three years, and a 113% year-over-year increase in 2024 [7] - The global supercharging network, with over 65,000 connectors, is expected to enhance overall profitability, as major automotive companies like Ford and Mercedes adopt Tesla's North American Charging Standard [8] Future Projections - Tesla anticipates producing nearly three million vehicles in 2025, indicating over 60% growth compared to 2024 [9] - The company expects to maintain sufficient liquidity in 2025 to support its product roadmap and expansion plans [10] Financial Estimates - The Zacks Consensus Estimate for Tesla's first-quarter 2025 revenues is $24.15 billion, reflecting a year-over-year growth of 13.39% [11] - For the full year 2025, the revenue estimate is $111.07 billion, suggesting a year-over-year growth of 13.7% [12] Investment Considerations - Tesla's push into autonomous ride-hailing and its expanding energy storage and charging businesses position it for long-term growth, despite near-term challenges and declining EPS estimates [13]