The pickup king, Ford Motor (NYSE: F), is considering a shift in EV strategy as even the electric version of its best-selling pickup, F-150 wasn’t enough to fuel Ford into the electric future. Although Ford topped estimates with its fourth quarter results and guided for a strong year ahead, its EV losses worsened and the legacy automaker is scaling back its EV efforts. Earlier in January, Stellantis N.V. (NYSE: STLA) CEO warned of an EV bloodbath as Ford lowered its F-150 outlook in response to
Though Montréal-based Lightspeed Commerce beat its previous revenue and loss-cutting forecasts during the fiscal third quarter, investors were not impressed.
The EV king, Tesla Inc (NASDAQ: TSLA) entered the new year by missing analyst estimates along with a warning of slower growth this year. But Chinese EV makers Nio (NYSE: NIO), XPeng (NYSE: XPEV), and Li Auto (NASDAQ: LI) kicked off 2024 with rising YoY deliveries, with BYD Company Limited (OTC: BYDDY) seeing its best January yet with a 33% YoY rise, although even BYD experienced a MoM drop from December for about a third. BYD also ended 2023 by surpassing Tesla for the first time during the last
In the fourth quarter, hedge fund managers were mining the small-cap universe for good deals, which is not easy when such a large chunk of the companies are not profit.