The company faces near-term headwinds, but it also has substantive upside potential.It's a good idea to visualize what a company and a stock will look like in a year, because in essence, you are visualizing what another investor might be willing to pay for it then. In the case of Tesla (TSLA 0.67%), the range of possible outcomes is broad, and investors should consider it a high-risk but potentially high-reward stock. Here's what you need to know before buying the stock.Tesla's fortunes depend on its robota ...

While investors are hoping for more trade deals to avoid tariffs, one recent deal might be bad news for automakers.It's been quite the task keeping up with rapidly changing policy when it comes to incentives for electric vehicles and tariffs slapped on many products from many countries. Just as investors, analysts, and automakers were getting familiar with tariffs, things are being shaken up again with the administration's trade deal with Japan. The problem? This deal might not be good at all for General Mo ...

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the Japanese corporate sector, particularly analyzing revenue exposure to various global regions and countries in light of geopolitical shifts and supply chain changes [1][5][12]. Core Insights - The database includes over 3,200 stocks, with revenue projections for 2025 compiled by more than 250 analysts, expanding coverage from approximately 290 to nearly 500 Japanese stocks since the end of 2023 [3][11]. - Japanese firms have an overseas revenue exposure of 40-50%, with a gradual increase noted even among non-manufacturers [11][18]. - The Americas account for the highest portion of overseas revenues at 18%, followed by Asia (excluding Japan and China) at 11%, developed markets in Europe at 7%, and China at 5% [18][22]. - Domestic-demand sectors have outperformed in the past year, aided by a stronger yen [11]. Sector-Specific Exposure - Sectors with high exposure to the US include rubber products, transportation equipment, and pharmaceuticals, with ratios exceeding 30% [32]. - High exposure sectors to China include electric appliances, textiles & apparel, and precision instruments [11][42]. - Mining shows significant exposure in EEMEA, while sectors like electricity & gas and land transport have minimal exposure [31][38]. Cost Exposure Insights - Japan accounts for at least 76% of total costs for 58% of the covered stocks, with 31% of companies having 0% overseas costs [52]. - The US is responsible for 26-50% of costs for 8% of the stocks, while exposure to Europe and other regions is modest [52]. Trends and Changes - The report indicates a shift in the range of target firms, which has affected the overseas revenue ratios, particularly for non-manufacturers [26][22]. - The number of stocks covered has increased significantly from 274 in 2023 to 477 in 2025, with a focus on small and medium domestic-oriented firms [14][12]. Investment Implications - Investors can align their portfolios with economic conditions in various regions by holding stocks with high exposure to those areas [11]. - The report emphasizes the importance of understanding both revenue and cost exposures in the current trade policy environment [51]. Additional Noteworthy Points - The report utilizes the Global Industry Classification Standard (GICS) for categorizing sectors but also considers the 33 industrial sectors on the Tokyo Stock Exchange for familiarity among Japanese investors [15]. - The analysis includes a detailed breakdown of revenue exposure by sector and region, providing a comprehensive view of potential investment opportunities and risks [50][49].

August 7, 2025 08:47 PM GMT US Inflation Monitor | North America CPI Preview: Tariffs continue to lift inflation Core CPI at 0.32% m/m (3.04% y/y), showing more signs of a tariff push. Core goods inflation rises as car prices inch up. Services inflation moves sideways, with weaker healthcare but higher airfares, hotels and car insurance prints. Headline at 0.25% m/m, 2.76% y/y, NSA Index: 323.218. Exhibit 1: Core CPI inflation and contributions 0.28 0.31 0.27 0.29 0.21 0.45 0.23 0.06 0.24 0.13 0.23 0.32 -0. ...

Summary of Global Credit Strategy Conference Call Industry Overview - **Global Credit Market**: The conference call focused on the performance of various segments within the global credit market, including US Investment Grade (IG), US High Yield (HY), US Leveraged Loans, EU Investment Grade, EU High Yield, and Asia Credit. Key Points and Arguments US Investment Grade - **Spreads**: Widened by 5 basis points (bp) last week, leading to an excess return of -30 bp [2] - **Performance**: 7-10 year bonds underperformed, while basic industry, media, and telecom sectors lagged. Autos, banks, and real estate performed better [2] - **Net Inflows**: IG funds saw net inflows of $1.2 billion, totaling $30.6 billion year-to-date (YTD) [2] US High Yield - **Spreads**: Increased by 27 bp last week, resulting in an excess return of -78 bp [3] - **Sector Performance**: Consumer goods, basic industry, and media sectors delivered the weakest returns, while capital goods, utilities, and banks performed better [3] - **Net Outflows**: HY funds experienced net outflows of $167 million, with YTD inflows tracking at $11.3 billion [3] US Leveraged Loans - **Spreads**: Widened by 4 bp, with total returns dropping by 8 bp [4] - **Net Inflows**: Experienced net inflows of $255 million, with YTD flows at $6.4 billion [4] EU Investment Grade - **Spreads**: Widened by 1 bp, leading to an excess return of -5 bp [5] - **Performance**: 1-3 year bonds underperformed, with single A ratings also lagging. Tech, consumer goods, and leisure sectors had the weakest returns, while insurance, services, and real estate performed better [5] - **Net Inflows**: EU IG funds saw net inflows of $2.5 billion over the week, totaling $40.7 billion YTD [5] - **New Issues**: €4 billion of new issues lifted YTD volumes to €457 billion, a 13.9% increase year-over-year (YoY) [5] EU High Yield - **Spreads**: Widened by 6 bp last week, with CCC-rated bonds underperforming [6] - **Net Inflows**: EU HY funds saw net inflows of $314 million over the week, totaling $6.0 billion YTD [6] - **Issuance**: Reached €370 million last week, with YTD supply tracking at €96 billion, a 6.9% increase YoY [6] Asia Credit - **Spreads**: Both Asia and APAC credit spreads widened by 4 bp [6] - **Performance**: APAC IG outperformed APAC HY, with IG spreads widening by 5 bp while HY spreads remained flat [6] Additional Important Insights - **Market Sentiment**: The overall sentiment in the credit market appears cautious, with widening spreads indicating increased risk perception among investors [2][3][5][6] - **Sector Disparities**: There are notable disparities in performance across sectors, with traditional safe havens like banks and real estate showing resilience compared to more volatile sectors like consumer goods and media [2][3][5][6] - **Investment Flows**: The trends in net inflows and outflows across different credit segments suggest a shifting investor appetite, with a preference for higher quality credits in uncertain market conditions [3][4][5][6] This summary encapsulates the key takeaways from the conference call, highlighting the performance and trends within the global credit market across various segments.

Tesla Inc | North America August 7, 2025 02:14 PM GMT Source: Shutterstock, Morgan Stanley Research Lunar Nukes. I was having dinner with some friends the other night when an unusual topic came up… that being Transport Secretary and NASA Chief Sean | M | | Idea | | --- | --- | --- | | August 7, 2025 02:14 PM GMT | | | | Tesla Inc North America | Morgan Stanley & Co. LLC | | | | Adam Jonas, CFA | | | | Equity Analyst | | | Robonomics, Nukes on the | Adam.Jonas@morganstanley.com Daniela M Haigian | +1 212 761 ...

Group 1 - GAC Honda has confirmed the leadership change, with Gao Hongxiang officially taking over from Li Jin as the executive vice president, effective from August 7 [1] - Li Jin has been with GAC Honda since 2004 and has held various senior positions within the GAC group, while Gao Hongxiang previously served as the deputy general manager at GAC Toyota Engine Co., indicating a strategic shift within the company [1][2] - GAC Honda has been experiencing significant challenges, with sales dropping to approximately 155,000 units in the first half of the year, a decline of 25.63% year-on-year, and a decrease in net profit from 12.4 billion yuan in 2020 to 1.8 billion yuan in 2024 [2] Group 2 - The company has struggled to adapt to changing consumer demands, leading to poor sales performance of key models such as the Fit, which sold less than 3,000 units in the first half of the year compared to 110,000 units in 2019 [3] - GAC Honda's market control has weakened, with models like the Accord and the冠道 failing to meet evolving consumer preferences, particularly in hybrid technology [3][4] - In contrast, GAC Toyota has maintained a strong market presence, with a 11.7% year-on-year increase in sales in July, highlighting the differences in strategic execution between the two companies [3][6] Group 3 - GAC Honda's electric vehicle strategy has not yet yielded successful models, while GAC Toyota's "Platinum Smart" brand has seen success with the 3X model, which has delivered over 20,000 units [4] - The management structure differences between GAC Honda and GAC Toyota have led to varying levels of local management influence, impacting their respective strategies in the competitive market [6] - The leadership change at GAC Honda presents an opportunity for the new executive to address the company's strategic challenges and improve its market position [6]

背后的动因与过去一年波折不断的合作磨合有关。2023年11月，智界S7上市首日即获得5000个大定，3 天突破2万辆订单。然而受限于工厂搬迁与芯片短缺，交付节奏受到严重影响。2024年初，华为常务董 事、终端BG董事长余承东在电动汽车百人会论坛坦承，供应链问题确实延误了智界S7的交付。 更棘手的是内部协同问题。彼时有传闻称，奇瑞在工厂产能上优先支持星途星纪元品牌，导致智界S7 产能受限。甚至有高管在离职后发文直指华为"不尊重奇瑞"。为解决问题，奇瑞于2024年中将智界上升 为"第一优先战略项目"，而双方也逐步探索出更高效的协作机制。 8月8日，智界R7与智界S7改款车型开启小订。前一天，智界品牌战略合作协议在深圳签署，并宣布上 海、深圳双设计中心正式揭牌。智界汽车由此宣告进入"2.0阶段"，并发布多项战略升级举措，标志着 其独立运作全面启动。 根据官方披露，此轮战略升级包括三大核心举措：一是加码研发，计划投入超百亿元、将研发团队扩充 至5000人，强化核心技术壁垒；二是成立智界新能源公司，实现产销服一体化独立运作，优化管理与用 户服务；三是规划多款重磅新品，拓展产品矩阵，为品牌后续增长注入新动力。 这一转折点 ...

最近三个交易日，5日-7日，长城汽车分别获融资买入0.25亿元、0.50亿元、0.16亿元。 融券方面，当日融券卖出0.34万股，净买入1.21万股。 8月7日，沪深两融数据显示，长城汽车获融资买入额0.16亿元，居两市第1024位，当日融资偿还额0.24 亿元，净卖出846.23万元。 ...

The US confirmed it would end stacking of universal tariffs on Japan and cut car levies as promised, Tokyo’s top trade negotiator said after a meeting with his counterparts in Washington https://t.co/4XhoMgTuOQ ...