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Zacks Strategist Shaun Pruitt Discusses GM's Record EV Sales
Greetings. I'm Sean Puit, Zach's equity strategist. And today I'm going to be discussing whether GM is the best automaker to invest in right now.So, General Motors stock has caught the has often caught the attention of value investors trading at relatively suppressed levels despite his robust financial metrics. And 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. Uh that sai ...
Bitcoin peaks back above $120K, what economic uncertainty means for Fed's rate cuts and markets
Youtube· 2025-10-02 21:00
All [Music] right, good afternoon and welcome to Market Domination. I'm Miles Odin live from our New York City headquarters. Stocks on pace for another record close in what's been an overall quiet trading day as the US government shutdown rounds out its second day. We'll break down more of what investors need to know in just a bit. But right now, there's about an hour to go until the closing bell on Wall Street. All three major indexes pointing to gains. Jared Blickery joins us now for more on the state of ...
Tesla's Sales Surge Is A Sugar High Powered By Less Musk And Trump's EV Tax Credit Cut
Forbes· 2025-10-02 20:35
Core Insights - Tesla achieved a record of 497,099 electric vehicle deliveries in Q3, marking a 7.4% increase year-over-year, surpassing analyst expectations of 480,000 units [2][4][8] - The surge in U.S. sales was primarily driven by the expiration of a $7,500 federal tax credit and a substantial inventory of unsold models [2][3][4] - Despite the quarterly success, Tesla is projected to face an annual decline in sales, with deliveries down approximately 6% year-to-date through September [8][6] Sales Performance - The increase in deliveries was the first for Tesla this year, contrasting with declines in its largest markets, China and Europe, where sales dropped by 8% and 20% respectively [2][8] - The company had a production surplus of over 50,000 vehicles in the first half of the year, contributing to the strong sales performance in Q3 [2] Market Dynamics - Other automakers, including GM, Ford, and Hyundai, also reported significant sales increases in September, indicating a broader market trend influenced by the tax credit expiration [4] - Tesla's valuation remains high, with a share price approximately 253 times its estimated earnings, largely driven by investor confidence in Elon Musk's vision for the company [4][6] Investor Sentiment - Analysts express mixed views on Tesla's future, with expectations of a sales drop this year and potential challenges in profit margins due to tariffs [6] - Despite anticipated near-term weaknesses, some analysts predict continued growth in Tesla's stock price, fueled by excitement around future technologies like robotaxis and humanoid robots [6] Brand Perception - Elon Musk's reduced visibility in government and less controversial public persona have positively impacted consumer sentiment towards Tesla, leading to increased sales [3][12] - The company's brand consideration had previously suffered due to Musk's political involvement, but recent changes in his public engagement appear to have improved consumer confidence [3][12]
Rivian's Momentum Slides: Analyzing RIVN Charts & Options
Youtube· 2025-10-02 20:30
Welcome back to Market on Close. Shares of Rivian are under heavy pressure today after the company announced third quarter deliveries that were in line with estimates at 13,201. But the EV company narrowed its 2025 delivery guidance.Rivian now expects to deliver between 41,500 and 43,500 vehicles compared to earlier guidance of between 40 and 46,000 deliveries. So, a downside move there. I know earlier before that most recent announcement they had wanted to have deliveries of 50,000 to match the previous ye ...
2 EV Stocks Slipping Despite Strong Q3 Deliveries
Schaeffers Investment Research· 2025-10-02 19:44
U.S.-based EV stocks are in the spotlight today, as quarterly delivery numbers roll in. Tesla Inc (NASDAQ:TSLA) announced a record 497,099 vehicle deliveries in the third quarter. Investors are questioning how sustainable these numbers are, however, considering the company's push to drive sales before the expiration of the $7,500 clean vehicle federal tax credit, which ended September 30. At last glance, Tesla stock was down 3.6% at $442.94, looking to snap a four-day win streak. The shares rallied through ...
Tesla Stock Is Down Today After Upbeat Deliveries News—And a Long Upward Run
Yahoo Finance· 2025-10-02 15:40
Justin Sullivan / Getty Images Tesla's shares were the best performers in the Magnificent Seven in the third quarter. Key Takeaways Shares of Tesla retreated Thursday even after the company turned in third-quarter deliveries that came in stronger than Wall Street anticipated. But looking back, investors have been baking all kinds of optimism into Tesla's valuation lately; the EV maker's shares outperformed the rest of the Magnificent Seven in the third quarter. Tesla's stock isn't having a big day ...
No Jobless Claims, Factory Orders - Tech Trade Still Hot
ZACKS· 2025-10-02 15:31
Key Takeaways Jobs Week Ends Early with No Jobless Claims, BLSPre-Market Investors Keep Tech Indexes Up on AI TradeTesla Outperforms on EV Deliveries in Q3, As ExpectedThursday, October 2, 2025It’s a quiet Thursday in today’s pre-market, with a federal government shutdown keeping us from Weekly Jobless Claims data from the U.S. Department of Labor and Factory Orders from the Census Bureau. With no signs of ending this week, this shutdown will also likely keep nonfarm payrolls from the Bureau of Labor Statis ...
下调全年交付量指引 Rivian Automotive(RIVN.US)跌超7%
Zhi Tong Cai Jing· 2025-10-02 14:56
周四,Rivian Automotive(RIVN.US)跌超7%,现报13.47美元。消息面上,Rivian公布的第三季度交付量 为13,201辆,同比增长近32%,超出分析师预计的12,000辆。不过,该公司将今年电动车交付量指引下 调至41,500至43,500辆,低于早前预期最高46,000辆,中间值亦略低于分析师预估的42,730辆。Rivian早 在5月已将全年交付量从原先的51,000辆下调,这回再次缩减目标,反映其在美国市场失去部分消费者 补贴后,需求与增长面临挑战。 ...
Tesla, Rivals Brace For EV Market 'Collapse'—Thanks To Trump
Benzinga· 2025-10-02 14:48
Tesla, Inc. (NASDAQ:TSLA) and other automakers are grappling with what could be a sharp disruption to the EV market after federal subsidies that had helped sustain demand have expired. Executives warn that the removal of these incentives could trigger a sudden decline in sales, posing a significant challenge for companies that have invested billions in electrification.TSLA stock is soaring. See the real-time price action here. EV Market Collapse? Christian Meunier, chairman of Nissan Americas, was blunt in ...
Stock Market Today: Stocks Set for More Gains Despite Economic Data Delays
Yahoo Finance· 2025-10-02 14:28
Stock Market Today, our daily live blog, is refreshed periodically throughout the day with the latest updates from the market. To find the latest Stock Market Today threads, click here. Happy Thursday. This is TheStreet's Stock Market Today for Oct. 2, 2025. You can follow the latest updates on the market here in our daily live blog. Update: 9:30 a.m. ET Opening Bell The U.S. equities market is now open. Out of the gate, the Nasdaq (+0.59%) is leading the pack, sitting at 22,890.44, approaching 23K. The ...