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Buy Rating for Ford Motor on Strategic Investments and Earnings Growth Potential
Trump Tariff Plan Likely to Raise Costs, Weaken U.S. Auto Demand -- Market Talk
Former U.S. President Donald Trump's tariff plan, if implemented after re-election in November, would raise costs for South Korean and other carmakers and weaken U.S. auto demand, Nomura analyst Angela Hong says in a research note.
Auto Industry Pulls Back On EVs As Consumers Hesitate Over High Price, Inconvenience
Automobile manufacturers are pumping the brakes on investing in the future of electric vehicles as car buyers think twice about buying them because of the high cost and need to keep charging them.
Tesla's California sales plunged in the second quarter.
A report released by the California New Car Dealers Association on Thursday showed that Tesla's new car registrations in California in the second quarter of this year fell by 24% year-on-year, marking the third consecutive quarter of decline in Tesla's sales in California. Although the Model Y is still the best-selling car in California, Tesla's market share has been declining throughout the year. The California New Car Dealers Association's report said that Tesla's share of the electric vehicle market in California in the first half of this year was 53.4%, down from 64.6% a year ago. In the first half of this year, Tesla's sales in California fell by 17%. Analysts from the industry organization said, "Tesla's growth has been supported by pent-up demand for electric vehicles, but as more competitors enter the market, it will be difficult for them to maintain their current sales levels."
Ford Motor Options Spot-On: On July 18th, 239.14K Contracts Were Traded, With 2.74 Million Open Interest
On July 18th ET, $Ford Motor(F.US)$ had active options trading, with a total trading volume of 239.14K options for the day, of which put options accounted for 45.92% of the total transactions, and
Sector Update: Consumer Stocks Retreat Late Afternoon
Consumer stocks were falling late Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) shedding 0.4% and the Consumer Discretionary Select Sector SPDR Fund (XLY) dropping 1.2%.
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