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​​Ford Isn’t Tesla Yet And Shouldn’t Be Trading Like An Electric Vehicle Stock, This Firm Says

​​Ford Isn’t Tesla Yet And Shouldn’t Be Trading Like An Electric Vehicle Stock, This Firm Says

Topline It’s too early for investors to value and trade legacy automakers such as Ford like electric vehicle stocks, according to Jefferies analysts who recently downgraded shares of the company warning that there is limited upside ahead. The downgrade comes a day after shares tanked 8%. Frederic J. Brown/AFP via Getty Images Key Facts Shares …

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Peloton—Pandemic Stock Darling—Reportedly Halts Production Of Fitness Products, Shares Plunge Nearly 20%

Peloton—Pandemic Stock Darling—Reportedly Halts Production Of Fitness Products, Shares Plunge Nearly 20%

Topline Shares of Peloton—which surged during the pandemic as house-bound consumers grasped for ways to stay healthy—plunged nearly 20% on Thursday after reports that the company will temporarily halt production of its at-home fitness products as it looks to cut costs amid a “significant reduction” in consumer demand. Peloton lost nearly a fifth of its …

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Stock take: Analysis of the 2022 CES news

Stock take: the tech revealed at CES 2022, from BMW, Sony and more

Replacing the current network of ECUs with two powerful chips will help cut the development of digital services from three years to three-to-six months, according to Thierry Cammal, the head of Renault Group’s Software Factory. The reason being that services are developed in the cloud and beamed into the car where Qualcomm’s system-on-chip (SoC) software/hardware combination, dubbed …

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Stock take: Will the markets continue to back start-ups like Rivian?

Stock take: Will the markets continue to back start-ups like Rivian?

Tesla, however, has a long way to go before it will match the physical size of ‘legacy’ car makers. For example, in the third quarter this year, it delivered 627,572 vehicles and generated $31.3bn (£23.6bn) of revenue. Meanwhile, Ford delivered 2.84 million vehicles and brought in $91bn (£68.7bn). Tesla scored profits of $1.62bn (£1.2bn), which …

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Ford Stock Surges Another 11% As Company Aims To Challenge Tesla’s Electric Vehicle Dominance

Ford Stock Surges Another 11% As Company Aims To Challenge Tesla’s Electric Vehicle Dominance

Topline Shares of legacy automaker Ford continued to surge on Tuesday amid high demand for its upcoming electric pickup, extending a solid run after rising 140% last year and beating out the likes of Elon Musk’s Tesla. The legacy automaker’s stock now sits at roughly 20-year highs. Marcio Jose Sanchez/ASSOCIATED PRESS Key Facts Ford’s stock …

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