April 15, 2024 | Daily JAM, Mid Term |
Can’t figure Tesla (TSLA) out? Welcome to the club. The stock was down another 5.59% today, April 15, and is now down 31% for 2024. Maybe investors will get some clarity on the company’s identity and strategy when it announced earnings on April 23. Wall Street analysts expect earnings of 36 cents a share against earnings of 73 cents a share in 2023. I think that strategic clarity is actually more important than quarterly earnings at this point for Tesla.
January 25, 2024 | Special Reports |
Here’s how I characterize developments in the global climate crisis in 2023: It was the year when hot air confronted cold cash. And as you might expect cold cash won.
Which gives me the framework for how to invest in the global climate crisis over the next 12 to 24 months. I’m going to use natural gas to develop my investing paradigm. And then I’m going to give you four sectors in which to concentrate your investments. And 10 specific picks for your money. I expect that I’ll be revisiting the topic of how to invest in the global climate crisis again before too long–because I think today’s paradigm will need substantial revision not all that far down the road.
In Part 1 today, I’m going to develop that paradigm. In Part 2 I’m going to tell you why I think nuclear energy, utility scale battery storage, wind and solar are the sectors that deserve your investment cash and attention (and why electric vehicles don’t make the cut now.) In Part 3, I’ll give you the ten stocks and ETFs I’d pick for these four sectors.
January 15, 2024 | Daily JAM, Mid Term |
Hertz (HTZ) plans to sell a third of its U.S. electric vehicle fleet and reinvest in gas-powered cars. The company says the shift is due to weak demand and high repair costs for its electric vehicle fleet. Which is dominated by Telsa’s electric vehicles. Electric vehicles make up about 11% of the Hertz fleet and 80% of those electric vehicles are Tesla. The news certainly isn’t a plus for electric cars and electric car makers. But I think it’s also important not to forget that Hertz is struggling to show improvements to its bottom line. Tesla’s price cuts–and their effect the resale value of the Hertz fleet–may have more to do with this abrupt about face than weak demand and higher repair costs.
December 28, 2023 | Daily JAM, Jubak Picks, Mid Term, Morning Briefing, Top 50 Stocks, Volatility |
GREATER Growth Stock Pick #8: BYD (BYDDF). I know; I know. What’s a Chinese stock doing on this list? It’s here because BYD, not Tesla (TSLA) is the big growth story in electric vehicles and not just for this month–but for years. And because I can see two catalysts that are about to power this stock higher. Morningstar calculates that BYD is 20% undervalued right now. Because this is a China stock we’ll need to take a deep look at valuation later in this post. But first, the growth story.
October 12, 2023 | Daily JAM |
Today, October 12, I’m making Nidec, the Japanese company that is the leader in the market for small electric motors and a growing presence in the market for motors and drive trains for electric vehicles, the second pick in my Special Report: 10 Contrarian Bargains to Buy Now.
October 1, 2023 | Daily JAM |
It could be a rough day ahead for Tesla (TSLA).The company has broken four quarterly car delivery records in a row, but then the results for the current quarter–which could be announced as early as Monday, Ocroer 2, are likely to show that deliveries have slipped. Not seriously. But when a stock is trading at 70 times tailing 12 month earnings per share in a nervous market, a stumble is all it takes to send a share price down. And this nervous market doesn’t need bad news from one of its leaders.
June 23, 2023 | ALB, Daily JAM, LAC, Mid Term, Millennial, PILBF, Top 50 Stocks |
Spot lithium carbonate prices (for battery-grade lithium) in China are up 92% from a 19-month low in April. So now what?
April 20, 2023 | Daily JAM, Morning Briefing |
Tesla’s (TSLA) first-quarter earnings, reported yesterday April 19, after the market close, met expectations. But first-quarter automotive gross profit margins came in worse than expected. Tesla reported a profit of 85 cents a share, meeting expectations, on sales of $23.33 billion, just a touch below forecasts for $23.67 billion. Tesla’s other business generated a record $303 million in gross profit. Tesla deployed 3.9 gigawatt hours of battery storage in the quarter, up about 300% year over year. But, automotive gross profit margins, excluding regulatory credits, came in below 16%, down from about 21%
April 19, 2023 | Daily JAM, TSLA |
With the company due to report first-quarter earnings after the market close on Wednesday, April 19, yesterday, April 18, Tesla (TSLA) cut prices of its Model 3 and Model Y electric vehicles again.
January 3, 2023 | Daily JAM, F, GM, Jubak Picks |
Tesla (TSLA) can’t win for winning. On Monday, while U.S. markets were, fortunately, closed, the company reported record quarterly deliveries for the fourth quarter of 2022 of 405,278 cars. Unfortunately, Tesla had convinced Wall Street to look for delivery of 420,7690 cars. So even record deliveries amount to a miss. For a third straight quarter, Tesla’s deliveries missed company and Wall Street projections. The company saw deliveries rise 40% in 2022, but that too was short of the 50% growth targeted by the company. As of the close today, January 3, Tesla shares were down 12.24%
December 27, 2022 | Daily JAM, Morning Briefing |
As of 2:30 p.m. New York time today, December 27, shares of Tesla (TSLA) were down 8.59%. Domestic Chinese electric vehicle maker NIO (NIO) was down 8.71%. The problem for both companies? The new wave of Covid has cut demand in the Chinese market and forced the shutdown of production at the companies’ factories.
November 18, 2022 | Daily JAM, GM, Jubak Picks |
Granted it’s only a forecast, but yesterday General Motors (GM) forecast that its electric vehicle models will start generating a profit in 2025. The company now projects free cash flow of as much as $11 billion, compared with prior guidance of $7 billion to $9 billion. Electric-vehicle sales should top $50 billion in 2025, GM said. The Detroit-based company plans to build 400,000 EVs in North America from 2022 through the first half of 2024. Production capacity will reach 1 million units annually in North America in 2025. By 2025, its family of electric crossover SUVs, pickups, and luxury models will compete in segments that represent about 70% of the electric vehicle industry volume, the company projects.
