The jump in inflation is here. Where to next?In general, it is potentially possible to look at American companies that have some competencies in terms of creating high-tech industries in the United States. Now one of the global trends is connected with the fact that the world is becoming a little less globalized. Part of the infrastructure plan is to move high-tech production – the same semiconductors-to the United States in order to reduce dependence on imported supplies.Therefore, in theory, companies like Intel can win. This is one of the few American companies that has the necessary competencies to implement such things. Moreover, Intel now has a potential deal with GlobalFoundries, one of the major American companies that can also produce semiconductors.At the same time, Intel has its own technical problems, and I will not buy its shares until they are resolved. But this is one of the companies that can theoretically benefit from such a story. This is one of the areas and one of the theses that will be played out for a long time. I don't think there are any ideas on the market right now that will instantly shoot out, because the infrastructure plan is designed for many years. But for those who invest for a long time, you can look at companies that can help implement its elements.Now let's talk about electric cars. In my opinion, companies that produce electric cars directly – Tesla, Lucid Motors and the like-are very expensive, so I don't buy anything in this sector. American traditional manufacturers, for example, GM or Ford, can potentially look more interesting.Here, in fact, there will be a bet on whether the company will be able to transform the business quickly enough to redistribute production from traditional cars with internal combustion engines to cars with batteries without large losses in terms of money and efficiency.In my opinion, GM looks interesting in this regard, especially considering that, in addition to developments in the field of electric vehicles, it has Cruise Automation. This company is one of the leaders in the market of self-driving potential cars. She's already testing them in San Francisco and elsewhere. Therefore, from such companies, in my opinion, GM is potentially interesting.But I do not keep shares of this company in my portfolio because, in addition to the future business, it still needs to understand very well what is happening at the current production facilities. For example, a company has a large number of obligations and other things that are related to its historical business and that can interfere with an effective transformation.But if we talk about the sector as a whole, I would rather look at GM than, for example, at Tesla, and even more so there are recent companies like SPAC, simply because they are very expensive. Although, for example, I really like the Tesla business, but not at the current price.Read more: Causes of inflation and scientific approaches to their ...
Electric car maker Tesla announced lower-than-expected deliveries of electric cars in the third quarter due to logistical problems.According to Refinitiv, Tesla delivered 343,830 electric cars, a record for the world's most expensive automaker, but below the expected 359,162. A year earlier, Tesla delivered 241,300 units. During the quarter, the issuer delivered 325,158 Model 3 compact cars and Model Y SUVs to customers, as well as 18,672 Model S and Model X premium cars.The latter deliveries fell short of Tesla's production maximum of 365,923 electric cars, a rarity for the issuer.Tesla has set an ambitious goal of producing nearly 495,000 Model Y and Model 3 in the fourth quarter of this year, Reuters reported, citing internal documents.Meanwhile, Elon Musk demonstrated a prototype of the Optimus humanoid robot on Sept. 30, predicting that his company could produce millions of robots and sell them for less than $20,000, less than a third of the price of the Model Y.Tesla shares on NASDAQ were down 1.1% to $265.25 a share in trading on Sept. 30, and are momentarily losing 5.47% ($250.74) in premarket trading on Oct. 3. More about Tesla tradingIf you are interested in Tesla analytics, we recommend you to visit the analytics page, where you can find the latest analytics on stocks from top traders from all over the world. These analytics will be useful both for beginners and professional traders. The Forex signals service makes it much easier for beginners to make their first steps in trading on the financial markets. The latest Tesla forecasts and signals contain support and resistance levels, as well as stop-loss ...
Electric car maker Tesla plans to keep production at its Shanghai plant at about 93 percent of maximum capacity through the end of 2022, despite recent upgrades, Reuters reported, citing sources.Since the plant opened in late 2019, Ilon Musk's company has sought to run it at full capacity and recently increased weekly production capacity by 30 percent, to 22,000 vehicles. It is noted that the upgraded plant can produce 14,000 Model Y electric cars and 8,000 Model 3s. According to the publication, Tesla now plans to produce 20.5 thousand electric cars per week by the end of the year, a total of 13 thousand Model Y and 7.5 thousand Model 3.According to the China Passenger Car Association, Tesla sales in China jumped nearly 60 percent in the first eight months of 2022. Since August, the company has cut delivery wait times in China by at least four times, to a minimum of a week, in addition to offering an 8,000 yuan ($1,100) discount to Tesla insurance buyers who made delivery between Sept. 16 and Sept. 30.Tesla shares rose 2.51% to $282.94 per share in trading on Sept. 27, and added 1.43% ($287) in the ...
Electric car maker Tesla is considering a lithium recycling plant on the Texas Gulf Coast to supply a key battery component amid growing demand for electric cars.The potential lithium hydroxide refining plant for batteries would process, purify and produce battery materials, Tesla said in a statement filed with the Texas Comptroller's Office. Tesla is also evaluating a competing site in Louisiana for the project.CEO Elon Musk previously wrote on his Twitter account that Tesla may have to enter the mining and refining industry directly as lithium prices rise.If Tesla's applications for regulatory approvals are approved, construction could begin in the fourth quarter of 2022, with commercial production starting by the end of 2024. Ensuring a steady supply of battery components is critical for Tesla as it faces increasing competition. The company also faces the challenge of significantly increasing production in the second half of the year.Tesla shares on NASDAQ traded up 1.96% to $289.26 per share on Sept. 8, and added another 0.22% to $289.9 on the ...
Electric car maker Tesla has filed suit to challenge Louisiana's ban on direct sales of cars to consumers, calling the U.S. state's actions protectionist and anticompetitive. Tesla said Louisiana officials violated state and federal antitrust laws by banning direct sales starting in 2017 and attempting to limit leasing and service of its cars in Louisiana."Louisiana consumers' freedom is unreasonably limited by protectionist, anti-competitive and ineffective state regulation," the lawsuit, which was filed in the U.S. District Court for the Eastern District of Louisiana, said. Tesla accused Louisiana dealers, the dealers association and some members of the Automobile Commission of "unlawful conspiracy to prohibit Tesla from doing business in Louisiana."Tesla also sued Michigan in 2016 for the state's ban on direct sales and reached a settlement agreement in 2020 under which Tesla could deliver its cars to Michigan through a subsidiary.Tesla shares on NASDAQ were down 1.14% to $284.82 per share in trading on August 29, and are up 2.43% in the moment to $291.73 in premarket trading on August ...
