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: 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: Tesla breaks record for most quarterly deliveries; AutoCanada and Kijiji expand partnership

Toronto, Ontario ⁠— In this weekly Tuesday Ticker, Tesla beats Wall Street’s expectations for its Q1 2023 results, while AutoCanada and Kijiji announce and expansion of their partnership.  Tesla beats expectations Tesla reported Q1 2023 production and delivery results Monday morning, beating analyst expectations and setting new records  Tesla says it produced 440,808 new vehicles […]

Tuesday Ticker: Tesla tops Toyota’s Q3 profits; Carvana e-commerce share price slashed

Toronto, Ontario ⁠— In this weekly financial-watch report, Tesla’s Q3 results are compared with Toyota’s and e-commerce platform Caravana sees its share price cut in half.  Tesla tops Toyota Tesla could have earned eight times as much per vehicle as Toyota in Q3, reports Asian newspaper Nikkei.  A report from Electrek claims Toyota delivered eight […]

Tuesday Ticker: April 19, 2022

Toronto, Ontario ⁠— It’s all about automakers in this weekly Tuesday Ticker as electric vehicle stocks are shocked as analysts fret about potential Chinese COVID restrictions; Toyota delivers less-than-surprising news regarding its May 2022 production outlook and Elon Musk continues to worry investors about his mission to buy Twitter. Electric hiccups Electric vehicle stocks saw […]