Daily Poll: The EV battlefield: Oldest automakers are on fire.
Shares of two of the oldest automakers around have run over the $S&P 500 Index (.SPX.US)$ in the past month as each unveiled detailed plans to take on electric vehicle king $Tesla (TSLA.US)$. Over the last month, shares of $Ford Motor (F.US)$ and $General Motors (GM.US)$ have each gained about 15.5%. The $S&P 500 Index (.SPX.US)$ has returned a more pedestrian 4.5% as investors fret about the debt ceiling, inflation, climbing 10-year yields and a legion of other headline risks.
$General Motors (GM.US)$ told investors at a two-day meeting in Detroit this week it aims to double sales by 2030 amid a flurry of new EV models. The company believes it could take its operating profit margin to a range of 12% to 14%, from 7.9% last year.
Meanwhile, GM said it would debut an all-electric Silverado pickup truck at the Consumer Electronics Show (CES) in January, and boost sales from software services in coming years.
The news out of GM sent the stock up 6% in Thursday's session.
Meanwhile, GM said it would debut an all-electric Silverado pickup truck at the Consumer Electronics Show (CES) in January, and boost sales from software services in coming years.
The news out of GM sent the stock up 6% in Thursday's session.
The Detroit-based auto giant said last week it will partner with SK Innovation to invest $11.4 billion to construct two "mega-sites" — one in Tennessee and the other in Kentucky — that will build electric trucks and batteries. Ford's portion of the investment — $7 billion — is the largest manufacturing investment in the company's 118-year-old history.
Ford will construct Blue Oval City in Stanton, Tennessee, the site will aid in building an "expanded" electric-truck lineup. Currently, Ford has released the all-electric SUV called the Mach-E and soon will begin producing the all-electric F-150 Lightning.
It seems that the EV sector is going to become a cutthroat market. Who do you think is holding a better chance to win the fight and thrive? And who's going to lose and vanish? What's the most crucial element? Vote and tell all mooers your analysis!
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo Community Official Account
Bringing you insights, inspiration and the hottest content.
152KFollowers
1203Following
63KVisitors
Follow
Susan Bertolino : If it is ten years later, I bet Tesla is the first
carririlin : With the development and progress of society, the problem of environmental protection is becoming more and more serious. Obviously, Tesla's research in this field is more advanced
Mcsnacks H Tupack : In ten years there will not be any vehicles in use. At the current trajectory of rising prices of steel, oil and lithium, vehicles will become too expensive to make. All 3 companies have billions in debt and as supplies increase exponentially so will their debt until the sector collapses and becomes insolvent. There isn’t a vehicle made that is good for the environment. Gas or EV, doesnt matter both do the same amount of damage. People who think that production of energy and materials doesn’t affect the environment are living in a dream world or cuckoo land.
Br0o : I don't see me buying a 159,000 car in ten years.
NotRoss : Obviously,the old is under great threat.
green x win : tesla will move on to other inventions that has more meat.
lusy bubb : Tesla is not the first to enter the market, but it is the most powerful
THEWIZARD : LOL!
![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Most of those that i know on this platform don't care about 10 years later ....
We care more about what are the market tradable prices, 10 MINUTES or 10 DAYS later ...
TammyCampbell Storey : How do I sell my stock
HannoSolo : .
View more comments...