LCID240927P5500
- 1.84
- -0.20-9.80%
Lucid Group Newsroom
Morgan Stanley downgrades American car stocks, with GM and Ford stock prices dropping more than 5% at one point.
Due to the intensification of price wars, market share squeeze, insufficient consumer purchasing power, and the rising default rate of credit, profit of usa auto companies is under pressure. As a result, Morgan Stanley is pessimistic about the future of America's car-mart industry and has downgraded the ratings of multiple American auto companies.
Can the soaring Tesla (TSLA.US) continue to surge? Goldman Sachs downgraded the automotive industry rating, but remains confident that Tesla can continue to rise.
Morgan Stanley has downgraded the overall rating of America's car-mart to 'in line with the large cap' rating, but still maintains a 'shareholding' rating for Tesla.
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Close Call In Virginia: Recent Poll Shows Harris Barely Leading Trump In Democratic-Leaning State
Voters Warm To Kamala Harris As Election Nears
Tesla A Tale Of 2 Regions, Rivian Unleashes More Powerful R1 Variants, Nio Aims Sales Surge With Low-End Model And More: Biggest EV Stories Of The Week
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VinFast Stock Drops. Forecast for Unit Sales Looks Aggressive. -- Barrons.com
UBS Group: Harris' victory will be bullish for utility bonds, while Trump will boost energy.
The Head of Credit Strategy at UBS Group stated that if Harris wins the election, it will boost bonds in industries such as utilities. Trump, on the other hand, will boost industries such as energy.
European auto stocks have dropped to a record low, but investors still choose to avoid them.
European auto stocks are currently very unpopular, to the point that investors are continuously reducing their shareholding.
'Big Short' Fame Investor Drops Previous Prediction Of Trump Victory: 'The Market Is Going Straight Down' If Kamala Harris Wins White House And Democrats Sweep Congress
Kamala Harris Underlines Her Support For Second Amendment, Dismisses False Dichotomy Of Gun Control Debate: Jokes To Oprah: 'If Somebody Breaks In My House They Getting Shot'