Investors Skeptical as Major U.S. Automakers Report Mixed Earnings and Automakers Face Tough Competition from Chinese Manufacturers in EV Market

  • 3 months ago
Mixed earnings reports from major U.S. automakers, including sharp profit declines for Tesla and Stellantis and missed expectations for Ford, have led to investor skepticism.
Transcript
00:00It's Benzinga, and here's what's on the block.
00:02Mixed earnings reports from major U.S. automakers, including sharp profit declines for Tesla
00:07and Stellantis, and missed expectations for Ford, have led to investor skepticism.
00:12Company-specific issues such as Elon Musk's comments, Stellantis's crowded lots, and
00:16GM's challenges in China, and Ford's warranty costs added to the uncertainty.
00:21Car prices have decreased and incentives have returned, which benefits buyers but not corporations.
00:27The Detroit automakers are heavily investing in EV technology, but face tough competition,
00:31particularly from Chinese manufacturers.
00:34The upcoming U.S. presidential election, with contrasting views on climate change and EVs,
00:39adds further uncertainty.
00:40For all things money, visit Benzinga.com.

Recommended

0:41
I
Up next
Venture Capital Funding For Generative AI Startups Account For 40% Of All Cloud Funding
Benzinga
0:39
ASML Shares Drop 16% After Releasing Weak Sales Forecast
Benzinga
3:18
SHOCKING: Khalistani Leader Pannun Exposes SFJ’s Links to Trudeau’s Office in CBC Interview| Watch
Oneindia
0:43
GM Partners With Lithium Americas In $625 Million Joint Venture To Develop Nevada Lithium Mine
Benzinga
0:46
Harris Proposes Medicare Funding for At-Home Care As Costs Outpace Inflation, Weighing On Families
Benzinga
0:35
Morgan Stanley Beats Q3 Estimates, Profits Surge More Than 30%
Benzinga
0:38
Amazon Web Services Invests $500 Million In Small Modular Nuclear Reactor To Power AI
Benzinga
0:38
Wells Fargo CEO Says US Consumer 'Extremely Resilient,' Sees Consumer Spending Rising Steadily
Benzinga
0:36
U.S. Crude Oil Prices Slip Below $71 on Middle East Tensions Easing
Benzinga
1:10
Tesla Reportedly Scraps Low-Cost Car Plans, Elon Musk Denies Story
Benzinga
1:23
Spacex Triumphs Amid Boeing Struggles
Benzinga
3:30
Watch| India's Supreme Court Unveils New Statue of Justice: Open Eyes and Constitution in Hand
Oneindia
0:44
Tesla's Shares Drop as Q2 Earnings Disappoint, Prompting Concerns Over Increased Competition and Slowing Sales
Benzinga
3:25
The Kutch Story |Emami Agrotech Bleeds | Toxic Fumes Kill 5 Workers | WATCH
Oneindia
1:33
Tesla Full Self-Driving Updated to Require Supervision
Benzinga
0:50
Musk's Humorous X Response
Benzinga
0:39
Tesla's Robotaxi Prototype Debut Delayed for Design Overhaul as EV Giant's Future Plans Hinge on Autonomy. CEO Elon Musk Says Everything Else 'Just Noise'
Benzinga
0:44
Elon Musk Talks Robotaxi Delay, Nvidia Clusters, And Mexican Gigafactory Postponement Amid Tariff Worries If Trump Wins
Benzinga
0:32
Alphabet Gives Robotaxi Unit Waymo a $5 Billion Boost as Competitors Tesla and GM Delay Their Projects
Benzinga
0:43
Elon Musk Ponders $5 Billion Tesla Investment in xAI Through Twitter Poll
Benzinga
1:13
Musk's Bold Government Efficiency Remark
Benzinga
0:39
Tesla Robotaxi Event To Be Held In Los Angeles On 10/10, Says Senior Company Exec: Existing Shareholders Stand To Win A Chance To Attend In Person
Benzinga
0:58
Tesla's Chinese Rival Nio Partners With Warren Buffett-Backed BYD To Launch Budget-Friendly EV Brand
Benzinga
13:25
Tesla Stock Plunges, Eyes 8-Month Low After Q4 Letdown - Gordon Johnson - CEO, Founder - GLJ Research
Benzinga
0:51
Tesla Recalls Nearly 200K Vehicles To Fix Rearview Issue Amid Earnings Dip And Elon Musk's Wealth Decline
Benzinga