Core Viewpoint - Rivian is set to report its third quarter earnings, focusing on its path to profitability amidst challenges such as the loss of federal electric vehicle tax credits [1] Financial Performance - For the third quarter, Rivian is expected to report revenue of $1.49 billion, which is relatively unchanged from the previous year [2] - The company is projected to post an adjusted loss per share of $0.71 and an adjusted EBITDA loss of $570.7 million [2] - Last quarter, Rivian did not report a gross profit, marking a setback after two consecutive quarters of gross profit [3] - The full-year loss projection has been widened, with adjusted 2025 full-year EBITDA loss now estimated between $2 billion and $2.25 billion, up from a previous range of $1.7 billion to $1.9 billion [3] Production and Delivery - In Q3, Rivian produced 10,720 vehicles and delivered 13,201 vehicles, aligning with expectations for a strong quarter [3] - The delivery guidance for 2025 has been narrowed to a range of 41,500 to 43,500 vehicles, down from a prior range of 40,000 to 46,000 vehicles [3] - The original delivery target for 2025 was between 46,000 and 51,000 vehicles [3] Product Development - The upcoming R2 midsize crossover is crucial for boosting Rivian's sales, with a planned release in 2026 [4] Stock Performance - Rivian's stock has experienced volatility, currently down 4% year to date [5]

Tesla's profit actually fell 37% compared to the same period last year, despite buyers rushing to take advantage of the expiring EV tax credit. https://t.co/fXE9RcnJRP ...

Core Viewpoint - Tesla's stock has experienced significant volatility in 2025, currently up 95% in six months, translating to a year-to-date increase of approximately 10% [1] Group 1: Earnings and Investor Focus - Earnings day for Tesla is critical, with investors eager to see if the recent stock rally can be sustained [1] - Investors are particularly interested in updates regarding Tesla's robotaxi rollout, which is viewed as a key factor justifying the company's high valuation [1] Group 2: Vehicle Sales Outlook - There are expectations for questions regarding the future of vehicle sales, especially after Tesla's recent delivery figures exceeded estimates [2] - The removal of the federal EV tax credit raises concerns about potential declines in sales in upcoming quarters [2] - Tesla is set to release its earnings results shortly after the market closes, with an analyst call scheduled for later in the evening [2]

Core Insights - The elimination of the electric vehicle (EV) tax credit by President Trump's One Big Beautiful Bill Act (OBBBA) raises questions about the future attractiveness of EVs for consumers [1][2] - The EV tax credit, previously part of the Inflation Reduction Act (IRA) of 2022, provided a $7,500 incentive for new EV purchases, significantly reducing the effective cost for buyers [2] - Current pricing challenges for EVs include high tariffs on essential minerals sourced from China, which contribute to increased vehicle costs [4][5] Pricing and Market Dynamics - The standard versions of Tesla's Model 3 and Model Y are priced at $36,990 and $39,990 respectively, reflecting the impact of tariffs on EV pricing [4] - The 93.5% tariff on minerals necessary for EV battery production complicates planning for automakers, creating uncertainty in production strategies [5] - Some automakers are responding to the loss of the tax credit by discounting EVs by $7,500, potentially making them more appealing to consumers despite the absence of the tax incentive [6][7] Expert Opinions - Industry analysts suggest that EVs may still be a viable option for consumers concerned about long-term costs, despite the removal of the tax credit [6] - The current market may offer significant discounts on EVs, which could offset the loss of the tax credit for buyers [7]

Core Insights - Ford Motor Company has decided to withdraw its $7,500 tax credit program for EV leases after the federal subsidy expiration on September 30, 2025, aligning with a similar decision by General Motors [1][2] - The company will not claim the EV tax credit but will maintain competitive lease rates in the market, contrasting with competitors like Hyundai and Stellantis that are offering direct cash incentives [2] - Ford's shares have increased by 15.3% year-to-date, outperforming both the industry and its rivals [4] Sales Performance - In the third quarter of 2025, Ford sold 545,522 vehicles in the U.S., marking an 8.2% year-over-year increase, with sales of pickups and vans rising by 7.4% [8][9] - Sales of electrified vehicles, including hybrids and all-electrics, reached 85,789 units, up 19.8% year-over-year, representing 15.7% of total sales [8][9] Ford Pro Segment - Ford Pro is experiencing strong order books and a 30% increase in software subscriptions, indicating a promising future for the segment [11] - The successful launch of the all-new Super Duty and increasing demand across vehicles, software, and services contribute to Ford Pro's growth [11] Financial Outlook - Ford has raised its expected tariff impact for 2025 to a net $2 billion, up from a previous estimate of $1.5 billion, with a gross tariff cost forecast now at $3 billion [12][13] - The Model e segment continues to face challenges, with losses widening to $5.07 billion in 2024 due to pricing pressure and high costs associated with new EV development [13] Valuation and Broker Ratings - Ford appears undervalued with a forward sales multiple of 0.28, significantly lower than the industry's five-year average [14] - The average brokerage recommendation for Ford stock is 3.12 on a scale of 1 to 5, indicating a neutral stance among analysts [15] Conclusion - Ford demonstrates solid operational performance and market resilience, with strong sales momentum and expanding demand in its Ford Pro division [19] - Despite challenges from tariffs and losses in the EV unit, Ford's attractive valuation and focus on software-driven revenue suggest a compelling long-term investment opportunity [20]

Core Insights - The expiration of the $7,500 EV tax credit is expected to significantly impact Tesla and the overall EV market, potentially leading to a decline in sales [2][5][9] - Tesla's recent stock surge is attributed more to market enthusiasm rather than fundamental improvements in the company's performance [10][11] Group 1: Impact of Tax Credits - Tesla has benefited from over $11 billion in government assistance, including regulatory tax credits and low-interest loans [1] - The expiration of the $7,500 EV tax credit, which previously reduced vehicle prices by up to 20%, is anticipated to disrupt the EV market [2][4] - Research indicates that the change in law could reduce EV sales by 16% to 38% compared to previous projections [5] Group 2: Tesla's Financial Performance - Tesla's automotive revenue fell by 16% in Q2 to $16.6 billion, contributing to an overall revenue decline of 12% to $22.5 billion [4] - The company is expected to see flat revenue in Q3, reflecting the impact of the expiring tax credits [4] Group 3: Market Conditions and CEO Insights - CEO Elon Musk has expressed concerns about high-interest rates affecting car affordability, emphasizing that monthly payments are crucial for buyers [6][7] - Musk's stance on the tax credit has shifted, now recognizing it as a disadvantage for Tesla compared to traditional internal combustion engine vehicles [8] Group 4: Future Outlook - The removal of the Corporate Average Fuel Economy (CAFE) compliance credit could further impact Tesla's revenue, which had contributed $2.67 billion in 2024 [9] - Despite recent stock performance, Tesla may be overvalued given the loss of subsidies and broader challenges in the EV sector [11]

Core Insights - Ford Motor is retracting a program that allowed dealers to offer a $7,500 tax credit on EV leases after the federal subsidy expired on September 30 [1] - The decision aligns with General Motors' recent move to cancel a similar program, while other automakers like Hyundai and Stellantis are providing cash incentives [2] - Ford Credit continues to offer 0 percent financing for 72 months for customers purchasing electric vehicles [3] Company Strategies - Ford and GM's strategies were developed after discussions with officials at the Internal Revenue Service [4] - Both companies planned to initiate the purchase of EVs in dealers' inventory to apply for the $7,500 credit, which would then be rolled into lease terms for customers [2] - Concerns raised by Republican Senator Bernie Moreno led to GM's decision to cancel its program, while the reasons for Ford's cancellation remain unclear [3] Market Implications - Ford CEO Jim Farley has indicated that EV sales may significantly decline without the tax credit [4] - In contrast, other automotive leaders, such as the CEO of Hyundai Motor North America, believe the electric vehicle market is more resilient than anticipated [4]

Core Insights - General Motors (GM) has decided to reverse its plan to allow dealers to offer a $7,500 tax credit on electric vehicle (EV) leases following the expiration of the federal subsidy on September 30 [1][2] - The decision was influenced by concerns from Ohio's Republican Senator Bernie Moreno, who is involved in automotive policy discussions [1][3] Group 1 - GM initially proposed a plan where GM Financial would purchase EVs from dealer inventories to qualify for the federal tax credit, which would be included in lease agreements for customers [2] - The company intended to claim the tax credit on approximately 20,000 EVs that were either in dealership lots or on their way to stores, with down payments made by GM Financial calculated at 5% of each vehicle's maximum price [4] - The plan was quickly assembled just days before the tax credit was set to expire, with details communicated to dealers on September 29 [5] Group 2 - Senator Moreno expressed satisfaction with GM's decision to scrap the EV tax-credit plan and indicated a desire to collaborate with GM on policies to protect the domestic auto industry [3] - The original program aimed to alleviate concerns from dealers about selling EVs without the incentive following the tax credit's expiration [3]

Core Insights - Tesla reported third-quarter deliveries of nearly 497,100, exceeding Wall Street's expectations of 447,600 and marking a 7% year-over-year increase, a significant recovery from a 12% decline in the first half of 2024 [2][4] - The surge in deliveries was influenced by the expiration of the $7,500 EV tax credit on September 30, prompting consumers to purchase vehicles before potential price increases [3][4] - Despite the strong delivery numbers, Tesla's stock dipped post-announcement, likely due to a recent 60% increase in share price over the past six months [5] Delivery Performance - Tesla's U.S. sales saw a 35% year-over-year increase in Q3, attributed to consumer rush before the tax credit expiration [4] - Analysts had anticipated a strong quarter, with estimates ranging from 450,000 to 500,000 deliveries, and some viewed the results as a "massive bounceback" [4] Market Sentiment - Tesla remains a highly debated stock, with bulls emphasizing its innovation in AI and bears concerned about its high valuation of nearly 250 times forward earnings [6] - Current trading price is around $440 per share, with price targets ranging from $19 to $600, indicating a divided market perspective [6] Future Prospects - The future of Tesla is seen as heavily reliant on its autonomous driving and humanoid robot businesses, which are still in early development stages [7][8] - Analysts believe that successful execution in these areas could significantly increase Tesla's market cap to between $2 trillion and $3 trillion by 2026 or 2027 [4] Competitive Landscape - Tesla's robotaxi business could potentially be built at a lower cost compared to competitors like WayMo, but the technology's safety and commercial viability remain uncertain [8]

Think that's an interesting value proposition for Tesla here as they try to recoup some sales from the loss of the EV tax credit. Even with these cheaper models, they're not as cheap as the original cars were with the tax credit. So, that's a big issue.Are you going to get buyers that are going to pay $2,000 more dollars for a car that's just not as good as the past car before. It was a big disappointment. I think there was speculation that a lot of investors were thinking they might finally unveil the Road ...