Page 42 - Autos News Today

Microsoft flirts with $3 trillion market value in tech-fueled rally, IBM sees surging AI demand as outlook beats expectations, and other news to start your day.

Many in the automotive industry view fuel cells as a replacement for use cases for diesel fuel in things such as generators, heavy-duty trucks and semitrucks.

The analyst told clients that Tesla's botched earnings call has shaken Wedbush's near-term confidence in the company's story.

Tesla stock fell after the EV maker’s earnings report and conference call disappointed investors. Tesla stock could fall further, technical analysis suggests.

The report addresses controversy that has swirled around Cruise since an Oct. 2 accident in which a pedestrian was dragged 20 feet by a Cruise robotaxi.

GM and Ford stock received Buy ratings from Freedom Capital Markets, which sees auto production marching higher.

The profit margins of the company, which supplies parts to car makers such as BMW, Ford, Renault and Mercedes, is expected to rise.

Those models, including an entry-level $25,000 car, would allow it to compete with cheaper gasoline-powered cars and a growing number of inexpensive EVs.

Hot competition in China's electric car market is pushing local automakers to sell vehicles with fancy tech that Tesla doesn't yet offer in the country.

TE Connectivity, a supplier to the auto and aerospace industries, reported strong earnings for the last quarter of calendar 2023.