Picture a country flush with renewables and electric vehicles and you will probably have in mind somewhere in northern Europe. Or maybe China. Think again https://t.co/saJyJT9HVr ...

BERNSTEIN FLASHMAIL 18 August 2025 Global Energy Storage • CATL opens flagship stores for its service brand Ning in Shanghai and Bangkok. (Electrive). The new Experience Centre in Bangkok, with an area of over 2,000 square metres, is also the first Ning location outside of China to be operated by CATL itself. In total, Ning Service is already active in 75 countries, operates over 1,100 service centres (often with partners) and manages 67 spare parts warehouses with a total area of over 370,000 square metres ...

Company Strategy - VinFast Auto 计划剥离部分研发部门，成立一家新公司[1] - 该新公司将以约 15 亿美元的价格出售给 VinFast 的创始人[1]

Core Insights - Lucid Group, Inc. reported weaker-than-expected earnings for its second fiscal quarter, leading to a 10% drop in shares despite an increase in deliveries [1] Financial Performance - The company's top line growth continued to moderate, indicating potential challenges in maintaining revenue momentum [1]

Group 1 - Cathie Wood has significantly increased Ark Investment Management's position in Tesla, acquiring a total of 318,275 shares in July 2023 across multiple ETFs [1][4][3] - The recent buying activity includes purchases of 59,705 shares on July 11, 115,380 shares on July 15, and 143,190 shares on July 24 [4][3] - Wood's bullish stance on Tesla is driven by the company's potential in the AI sector, particularly through innovations in autonomous driving and the robotaxi business [6][8] Group 2 - Tesla's CEO Elon Musk has made ambitious claims regarding the company's autonomous ride-hailing capabilities, suggesting that half of the U.S. population could have access to it by the end of the year [9][15] - Ark's long-term price target for Tesla is set at $2,600 per share, heavily relying on the successful scaling of the robotaxi operation [8][11] - Tesla is positioned at the intersection of multiple sectors, including automotive, energy storage, AI, and robotics, complicating its valuation compared to traditional automakers [12][14] Group 3 - The stock tends to trade based on narratives rather than traditional valuation metrics, as evidenced by its expanding price-to-earnings (P/E) multiple despite declining profitability [14] - There are concerns regarding Musk's aggressive timelines for the robotaxi rollout, with potential regulatory hurdles and a history of missed deadlines [15][16] - Monitoring Tesla's progress in scaling the robotaxi business is essential, as financial impacts from AI advancements may take time to materialize [16]

Core Insights - Ford exceeded Wall Street's expectations for revenues and earnings in the second quarter, driven by strong demand for its internal combustion engine (ICE) vehicles [1] - The company also experienced positive EBIT trends in its electric vehicle division, Ford Pro [1] Financial Performance - Ford's revenues and earnings surpassed analyst estimates, indicating robust financial health [1] - The strong performance in ICE vehicles contributed significantly to the overall results [1] Electric Vehicle Division - The electric vehicle segment, particularly Ford Pro, showed positive EBIT trends, suggesting growth potential in this area [1]

Core Viewpoint - Pomerantz LLP is investigating claims of potential securities fraud and unlawful business practices involving Zeekr Intelligent Technology Holding Limited following allegations of inflated sales figures [1][2]. Group 1: Investigation Details - Pomerantz LLP is representing investors of Zeekr and is looking into whether the company and its officers engaged in fraudulent activities [1]. - The investigation was prompted by a Reuters article that reported on July 19, 2025, that Zeekr, along with another Chinese electric vehicle brand Neta, allegedly inflated sales figures to meet aggressive targets [2]. Group 2: Sales Practices - The Reuters report indicated that Zeekr arranged for vehicles to be insured before actual sales, allowing the company to record sales prematurely under Chinese registration practices [2]. - This practice was aimed at achieving monthly and quarterly sales targets, raising concerns about the legitimacy of reported sales figures [2]. Group 3: Market Reaction - Following the news of the investigation and allegations, Zeekr's American Depositary Receipt (ADR) experienced a decline, falling by $1.08 per share, or 3.59%, closing at $28.99 on July 21, 2025 [2].

Core Viewpoint - Tesla reported a decline in automotive sales for the second consecutive quarter, leading to a 6% drop in shares during premarket trading, with automotive revenue falling 16% year-on-year to $16.7 billion [1][2]. Group 1: Financial Performance - Tesla's second-quarter results showed a miss on both top and bottom lines, with automotive revenue decreasing to $16.7 billion [1]. - The company has experienced a nearly 18% decline in stock value year-to-date, excluding the recent premarket drop [3]. Group 2: Market Challenges - Elon Musk indicated that Tesla might face "a few rough quarters" due to the expiration of federal electric vehicle tax credits, although he did not confirm this outcome [2]. - Rising competition in key markets such as China and Europe, particularly from lower-cost Chinese electric vehicle manufacturers, is impacting Tesla's market position [2]. - Data from the European Automobile Manufacturers Association revealed a decline in Tesla's new car registrations in Europe for June [2].

Core Insights - Tesla reported quarterly earnings of $0.4 per share, exceeding the Zacks Consensus Estimate of $0.39 per share, but down from $0.52 per share a year ago, indicating an earnings surprise of +2.56% [1] - The company generated revenues of $22.5 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.28%, but down from $25.5 billion year-over-year [2] - Tesla shares have declined approximately 17.8% year-to-date, contrasting with the S&P 500's gain of 7.3% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.50 on revenues of $25.3 billion, and for the current fiscal year, it is $1.75 on revenues of $93.86 billion [7] - The trend of estimate revisions for Tesla was unfavorable prior to the earnings release, resulting in a Zacks Rank 4 (Sell), suggesting expected underperformance in the near future [6] Industry Context - The Automotive - Domestic industry, to which Tesla belongs, is currently ranked in the bottom 26% of over 250 Zacks industries, indicating potential challenges for stock performance [8] - Empirical research indicates a strong correlation between near-term stock movements and earnings estimate revisions, which can be tracked by investors [5]

Electric Vehicle Industry - BYD's Pakistan joint venture views government support for electric vehicles as crucial for its plan's success [1] Production Plan - BYD plans to start local production in Pakistan next year [1]