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BorgWarner Inc. (BWA) Presents at Barclays 43rd Annual Industrial Select Conference Transcript
Seeking Alpha· 2026-02-20 14:24
Core Viewpoint - The presentation at the Barclays Industrial Select Conference highlights BorgWarner's leadership in powertrain technologies and its expansion into various markets [1] Group 1: Company Overview - BorgWarner is recognized as a leader in powertrain technologies [1] - The company is actively expanding its presence in different markets [1] Group 2: Key Personnel - The presentation features Joe Fadool, the President and CEO of BorgWarner [1] - Craig Aaron serves as the CFO of the company [1] - Pat Nolan leads the Investor Relations (IR) team [1]
Tesla's ‘most affordable' Cybertruck is here. But Musk hints it won't stay cheap for long.
MarketWatch· 2026-02-20 14:11
Core Viewpoint - Tesla has introduced its most affordable Cybertruck model priced at $59,990, which is $20,000 less than the next cheapest model, but CEO Elon Musk suggests that this pricing may not last long [1] Pricing Strategy - The new dual-motor all-wheel-drive Cybertruck model is priced at $59,990 [1] - The price of the most expensive trim, the Cyberbeast, has been reduced from $114,990 to $99,990 [1] - Tesla also offers a premium all-wheel-drive Cybertruck starting at $79,990 [1] Market Performance - The Cybertruck has not met the popularity expectations set by the company, with pricing being a contributing factor [1]
Futures Drop As Iran Tensions Rise, Data Deluge Looms
ZeroHedge· 2026-02-20 13:29
Market Overview - US equity futures are lower as traders assess the potential market impact of war with Iran and await significant US economic data including GDP and core PCE [1] - The S&P and Nasdaq futures are down 0.1% after trading positively overnight, with the "Magnificent Seven" stocks showing mixed performance [3] - Bond yields have reversed and are lower, while the USD remains flat; commodities show mixed results with base metals declining and precious metals, particularly gold, rallying above $5000 [1][11] Company Earnings and Stock Movements - Akamai Technologies (AKAM) shares fell 11% after a weaker-than-expected earnings outlook [3] - Ardelyx (ARDX) dropped 6% due to a softer sales forecast for its Ibsrela drug [3] - Copart (CPRT) fell 8% after reporting operating income that missed analyst estimates [3] - Floor & Decor (FND) rose 4% after exceeding earnings expectations for the fourth quarter [3] - Grail (GRAL) tumbled 47% after its cancer detection test failed to meet primary endpoints [3] - Harmonic (HLIT) increased by 9% due to strong book-to-bill ratios indicating growth potential [3] - Newmont (NEM) dropped 4% as it expects lower gold production this year [3] - Opendoor Technologies (OPEN) surged 19% after reporting better-than-expected revenue [3] - RingCentral (RNG) rose 10% after beating expectations and providing a positive forecast [3] - Texas Roadhouse (TXRH) increased by 4% as it anticipates positive sales growth [3] - Workiva Inc. (WK) gained 12% after reporting strong fourth-quarter results and optimistic forecasts [3] Economic Data and Inflation - Core personal consumption expenditure (PCE) data is expected to show an increase, which may influence interest rate decisions and the economic outlook [4] - Bloomberg Economics anticipates core inflation to accelerate, with a month-on-month increase of 0.32% in the core PCE deflator for December, raising the annual rate to 2.9% from 2.8% [4] - Wider inflation concerns are heightened by oil prices nearing a six-month high amid geopolitical tensions [5][6] Geopolitical Impact - The US military is deploying forces in the Middle East, with President Trump warning Iran of a limited strike if negotiations do not progress [6][35] - Geopolitical tensions have led to a cautious market sentiment, impacting stock performance and investor behavior [6][39]
X @Elon Musk
Elon Musk· 2026-02-20 12:14
RT Zack (@BLKMDL3)In 2023, at the Cybertruck Delivery Event, Tesla said that they would launch a RWD Cybertruck with a 250 mile range for $61kToday, they launched an AWD Cybertruck for $60k with 325 miles of range, 4.1s 0-60, outlets and tonneau for even less than they said the RWD would be.Cheaper, more range, AWD, and quicker. Count inflation and the current new AWD price near matches the ones shown in 2019 too. ...
Tesla Stock Shrugs as Musk Launches Cheaper Cybertruck. There's a Concern.
Barrons· 2026-02-20 12:04
Core Viewpoint - Tesla is launching an all-wheel drive version of its Cybertruck with a starting price of under $60,000 [1] Group 1 - The new all-wheel drive Cybertruck is positioned to attract a broader customer base due to its competitive pricing [1] - The introduction of this variant may enhance Tesla's market share in the electric vehicle segment [1] - The pricing strategy reflects Tesla's ongoing efforts to make electric vehicles more accessible to consumers [1]
X @Elon Musk
Elon Musk· 2026-02-20 12:02
RT Cybertruck (@cybertruck)New version of Cybertruck now available to order in the USThis is our most affordable Cybertruck yet.Tough as nails with ultra-low cost of ownership– Starts at $59,990– Dual Motor AWD w/ est. 325 mi of range– Powered tonneau cover– Bed outlets (2x 120V + 1x 240V) & Powershare capability– Coil springs w/ adaptive damping– Heated first-row seats w/ textile material that is easy to cleanAlso– Steer-by-wire & Four Wheel Steering– 6’ x 4’ composite bed– Towing capacity of up to 7,500 l ...
Market Resilience Tested as Investors Await Key GDP and PCE Inflation Data
Stock Market News· 2026-02-20 11:07
Market Overview - U.S. stock futures are showing resilience with S&P 500 futures up 0.24%, Nasdaq 100 futures up 0.35%, and Dow Jones Industrial Average futures gaining approximately 0.16% as investors await significant economic data [1] - The Dow Jones Industrial Average closed down 0.5% at 49,395.16, while the Nasdaq Composite and S&P 500 also faced declines of 0.3% and 0.28% respectively, indicating a "wait-and-see" approach in the current market environment [2] Economic Data and Policy Insights - The Department of Commerce is set to release the advance estimate for Q4 GDP, with a forecasted growth rate of 2.5%, alongside the PCE inflation data for December and January [3] - Hawkish minutes from the Federal Reserve's latest meeting indicate a split among policymakers regarding rate cuts, with some suggesting further tightening if inflation does not approach the 2% target [3] Corporate Developments - Nvidia is preparing to report quarterly earnings next week, trading slightly lower as investors assess the sustainability of AI-driven profit growth [4] - Apple has seen a decline of 1.4% amid concerns over global hardware demand [4] - Walmart reported stronger-than-expected holiday results but issued a cautious profit forecast due to "substantial uncertainty" in the macroeconomic environment [5] - Dropbox shares fell over 4% despite an earnings beat, as its fiscal 2026 sales guidance did not meet analyst expectations [5] - Blue Owl Capital announced a $1.4 billion asset sale and froze redemptions in one of its funds, raising industry-wide concerns [5] Notable Stock Movements - Tesla is experiencing modest gains of 0.09% in early trading, while Alphabet remains flat as the market evaluates the impact of new AI competitors [6] - Occidental Petroleum surged nearly 10% following a profit beat and rising crude prices, driven by geopolitical tensions [6]
GM Recalls 43K SUVs Over Transmission Defect That Could Lock Rear Wheels - General Motors (NYSE:GM)
Benzinga· 2026-02-20 10:19
General Motors Co. (NYSE:GM) has issued a recall of multiple SUVs in its lineup due to a transmission issue that could cause the rear wheels to lock up.43K Vehicles RecalledGM is recalling the 2022 Chevrolet Tahoe and Suburban, the GMC Yukon and Yukon XL, as well as the Cadillac Escalade and Escalade ESV SUVs equipped with the company's 10-speed automatic transmission, the company said in its acknowledgement to NHTSA on Thursday.The recall was issued due to a problem with the transmission control valve, whi ...
Rivian Automotive (RIVN) Reports $1.3B Q4 2025 Revenue with Strong Software, Services Profitability
Yahoo Finance· 2026-02-20 09:09
Rivian Automotive Inc. (NASDAQ:RIVN) is one of the best NASDAQ growth stocks to buy for the next 2 years. On February 12, Rivian Automotive reported total revenue of $1.3 billion for Q4 2025. While the automotive segment faced a gross loss of $59 million during the quarter, the company’s software and services division proved highly profitable, generating $179 million in gross profit with margins in the mid-30% range. Rivian ended the year with $6.1 billion in liquidity, which was supported by the progres ...
Garrett Motion’s E-Cooling Compressor is Redefining Thermal Management Efficiency & Power for Electric Buses and Trucks in China
Globenewswire· 2026-02-20 09:00
Core Viewpoint - Garrett Motion Inc. has secured a significant contract with Cling for the volume production of its innovative oil-free, foil bearing centrifugal compressor, set to begin in 2027, marking a pivotal advancement in electric bus and truck HVAC systems in China [1][3]. Group 1: Company Overview - Garrett Motion Inc. is recognized as a global leader in differentiated turbocharging and electrification technologies, with a 70-year history of innovation in the automotive sector and beyond [8]. - The company operates six R&D centers and 13 manufacturing facilities, employing approximately 8,700 people across more than 20 countries [8]. Group 2: Product Details - The new centrifugal compressor integrates an ultra-high-speed motor exceeding 160,000 RPM and an oil-free foil bearing system, resulting in a product that is up to 50% smaller, 30% lighter, and 10 dB quieter than traditional scroll compressors [6]. - The compressor is designed for seamless integration across various EV platforms, supporting 400V–800V heat pump systems and compatible with low-pressure, low-GWP refrigerants [7]. Group 3: Strategic Collaboration - The partnership with Cling aims to set new benchmarks for efficiency and thermal performance in electric commercial vehicles, enhancing comfort, efficiency, and environmental responsibility [6]. - Cling's vision to lead in integrated HVAC and thermal management solutions aligns with Garrett's technological advancements, driving innovation in the electric vehicle market [6].