Tuesday Ticker: Tesla reportedly seeking lower tariffs for Chinese-built units; CAMI Assembly Plant workers authorized to strike
Toronto, Ontario — In this weekly Tuesday Ticker, Unifor authorizes workers at Ontario’s CAMI Assembly Plant to strike, should an agreement not be met in talks later this month. Meanwhile, Tesla reportedly seeks lower tariffs for its Chinese-built models following the government’s recent announcement. Strike watch Unifor members working at the General Motors CAMI Assembly […]
Tuesday Ticker: Tesla advises ‘notably lower’ growth rate in 2024; Stellantis struggles in North America
Toronto, Ontario — In this weekly Tuesday Ticker, Tesla shares take a hit as CEO Elon Musk advises “notably lower” growth in 2024 compared to what was experienced in 2023. Plus, Stellantis struggles to gain its foothold in the North American market. The Tesla tumble Shares of Tesla dropped 11 percent last Wednesday as the […]
Tuesday Ticker: Robotaxi beckons; Toyota takes over Daihatsu operations
Toronto, Ontario — In this weekly Tuesday Ticker, Tesla teases a “robotaxi” rollout, while Toyota claims the reins for its subsidiary’s operations outside Japan. Meanwhile, Unifor lets Ford know how it feels about its decision to delay EV production by two years. Robotaxi rollout Tesla CEO Elon Musk has announced that the company’s long-awaited autonomous […]
Tuesday Ticker: Tesla rakes in regulatory credit cash from other automakers; Stellantis sees significant profit drops
Toronto, Ontario — It’s eyes on automakers in this weekly Tuesday Ticker as Tesla rakes in cash from other automakers, while Stellantis reveals that profits fell 10 percent in the latter half of 2023 due to United Auto Workers strike action. Regulatory revenues Tesla continues to earn funds in regulatory credit revenue, despite the OEM’s […]
Tuesday Ticker: Stellantis shuts down merger speculation; EV automakers continue to drop
Toronto, Ontario — In this weekly automotive economics report, Stellantis shuts down merger rumours, while EV stocks continue to slip, keeping up with the 2024-thus-far trend. Stellantis slices down rumours Stellantis chairman John Elkann has commented on press speculation that the automaker was considering a merger with French OEM Renault, saying there is “no plan […]
Tuesday Ticker: Tesla’s tearful earnings call; Toyota adopts standard
Toronto, Ontario — This week we look at automakers and economics as Tesla marks a tumultuous earnings call; Toyota adopts a standard and Hyundai breaks records with its plans to break ground. Tears for Tesla Tesla’s Q3 earnings call last week did not entirely go as planned, according to reports that CEO Elon Musk was […]
Tuesday Ticker: Analysts talk Tesla, while the automaker sells beer; VinFast acquires its battery maker; GM-Unifor deal ratified
Toronto, Ontario — This week, Tesla dabbles in beer sales while analysts critique its 2023 profitability promises; VinFast tries to cut costs on batteries and General Motors workers ratify a new agreement. Tesla gets tumultuous Analysts expect Tesla’s Q3 margins to drop compared to the previous quarter, mainly due to the automaker’s recent decisions to […]
Tuesday Ticker: Tesla misses targets, Rivian marks delivery records
Toronto, Ontario — Analysts were off in their estimates in predictions for both Tesla and Rivian’s delivery numbers–but for different reasons. See the ups and downs in this weekly Tuesday Ticker. Tesla misses targets–but still delivers Tesla missed market estimates for its Q3 2023 deliveries, which analysts believe is due to mass production halts and shutdowns […]
Tuesday Ticker: Tesla downgraded by several brokers; Uber plans new service for Toronto
Toronto, Ontario — Tesla ends a winning streak, an Ontario-based miner preps to supply lithium to the industry and Uber plans a new service for Toronto. Downgrades galore Tesla shares have fallen seven percent in the last week, following downgrades from multiple Wall Street brokerages. Goldman Sachs cut Tesla to a “hold” rating on Monday, […]
Tuesday Ticker: Exec leaves NHTSA for Amazon AV operation; Tesla stock surges amid GM charging port deal
Toronto, Ontario — This week, we look at a National Highway Traffic Safety Administration exec’s decision to take on a role at Amazon’s autonomous ride-hailing venture, while Tesla stock surges on an eleven-day winning streak. Plus, rumours about Rivian’s fate on the NASDAQ. Zoomin’ to Zoox The NHTSA Office of Defects director is leaving the […]
