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Workers at Ford Motor's Chicago assembly plant have voted to ratify a proposed contract with the automaker, the United Auto Workers (UAW) union's local chapter said in a Facebook post on Wednesday.

Good companies don't always make good investments. Investors need to consider risk relative to upside potential, and stock valuations sometimes reflect too much optimism for high-quality businesses.

China's passenger vehicle sales jumped 9.9% in October from a year earlier, the China Passenger Car Association (CPCA) said on Wednesday, extending gains to a third month as carmakers raced to meet sales goals in the world's top auto market.

Shares of the luxury  EV (electric vehicle) maker Lucid ( NASDAQ:LCID ) are down over 68% in one year. Moreover, LCID stock fell about 4% in Tuesday’s after-hours of trading as its  Q3 performance and full-year production outlook disappointed investors. Despite the significant correction in its share price, Wall Street analysts remain sidelined on Lucid stock, indicating a Hold.  However, it’s worth noting that the recommendations and price targets for Lucid stock were issued before the company lowered its full-year production guidance. Consequently, investors can expect a potential downward revision in the price targets for LCID stock. With this background, let’s delve into Lucid’s full-year production outlook. Lucid Lowered 2023 Production Target Lucid’s CFO, Sherry House, said during the Q3 conference call that the company is adjusting its 2023 production outlook to a range of 8,000 to 8,500, down from its earlier guidance of over 10,000. House added, “I want to make clear that production is not our bottleneck. But rather we're taking a prudent approach to inventory management and working capital to better align with deliveries.” However, this is unlikely to go down well with the investors. For instance, Lucid’s peer Rivian ( NASDAQ:RIVN ) raised the production guidance for the year to 54,000 units during the Q3 earnings call. Moreover, Tesla ( NASDAQ:TSLA ), a bigger rival, continues to ramp up production, which enables it to lower costs per vehicle and deliver superior margins.  Will Lucid Stock Go Back Up? Per analysts’ average price target, Lucid stock is expected to go up. Lucid has received three Buy, four Hold, and three Sell recommendations for a Hold consensus rating. The  average LCID stock price target of $6.87 implies 59.77% upside potential from current levels. However, as we stated earlier, the analysts’ price targets were provided ahead of its Q3 result announcement. Thus, considering the downward revision in production, investors can expect a cut in the average price target.  Bottom Line  Lucid may face challenges due to the reduction in its full-year production forecast, increased competition, and adverse macroeconomic conditions impacting vehicle sales. These problems are reflected in the "Hold" consensus rating. Disclosure

Fool.com contributor Parkev Tatevosian highlights the latest news from Tesla (NASDAQ: TSLA). Company management is offering smaller raises to employees compared to rival automakers.

Despite the recent price drops triggered by concerns about a slowdown in electric vehicle (EV) demand, the world's leading lithium producers maintain their optimism about long-term demand for the battery material.

The Dogs of the Dow is a popular investing strategy, where you simply invest in the Dow Jones Industrial Average (DJINDICES: ^DJI) components least favored by the Street in a given year.

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Tesla Inc (Symbol: TSLA), where a total of 1.0 million contracts have traded so far, representing approximately 103.4 million underlying shares. That amounts to about 86

Ford stock has delivered negative returns over the last 20 years and trades at just above $10. While the stock looks like a great buy at these prices, expecting it to reach $100 would be a bit too optimistic.

The First Trust Growth Strength ETF is seeing unusually high volume in afternoon trading Tuesday, with over 116,000 shares traded versus three month average volume of about 25,000. Shares of FTGS were up about 0.5% on the day. Components of that ETF with the highest volume on

The electric vehicle (EV) and solar industries are both playing pivotal roles in the energy transition. However, rising interest rates have dampened growth rates. Tesla (NASDAQ: TSLA) finds its margins compressing to multiyear lows due to steep price cuts. Enphase Energy (NASDAQ:

Below is Validea's guru fundamental report for TESLA INC (TSLA). Of the 22 guru strategies we follow, TSLA rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit cha

There's little question that Tesla (NASDAQ: TSLA) stock has been a winning investment for shareholders. So far this year, the electric vehicle (EV) maker's stock price has climbed roughly 78%, far outpacing the comparable 13% gains of the S&P 500. The longer term has been eve

Stellantis will offer a previously undisclosed plug-in hybrid model of its Ram pickup truck, called Ramcharger, and phase out V-8 Hemi engines as part of its strategy to cut the CO2 emissions of its North American fleet.

Ridesharing giant Uber Technologies ( NYSE:UBER ) has gained an impressive 88.3% YTD, outperforming the S&P 500’s ( SPX ) gain of 14%. Thanks to its ability to diversify its business beyond ridesharing to delivery and freight, it's now profitable. Uber is showing strength across all its business operations, giving investors hope that its growth story is still alive. Furthermore, Wall Street believes the company is capable of tackling any hurdles that come along while keeping its growth strong. Hence, I am bullish on Uber, too. The Green Flags for Uber Uber struggled during the global pandemic when the world came to a halt. But once the pandemic-related concerns waned, the company quickly turned a corner. What’s impressive about Uber is that it didn't confine itself to just ride-hailing services. Over the past few years, it has diversified its services with Uber Eats, a food delivery service, and Uber Freight, a freight transport platform. According to  Precedence Research, the global food delivery market is expected to grow to $517.4 billion by 2032, registering a compound annual growth rate of 10.5% from 2023 to 2032. Uber could capitalize on this massive opportunity. Notably, Uber’s revenue has grown from  $10.4 billion in 2018 to $32 billion in 2022 ($35 billion in the trailing 12 months). In its latest quarter, total revenue increased by 14.3% year-over-year to $9.2 billion, with a 22% jump in total trips to $2.3 billion. Plus, Uber’s gross bookings grew by 16% year-over-year to $33.6 billion. Around 47% of Uber’s total revenue came from its Delivery and Freight businesses. What’s more, the company even reported a profit in its second quarter. The company's growth drove its net  earnings to $0.18 per share in Q2 compared to a loss of $1.33 per share in the prior-year quarter. Free cash flow of $1.1 billion in the quarter jumped an impressive 198% from the year-ago quarter. The company also ended Q2 with cash, cash equivalents, and short-term investments of $5.5 billion, further showing its financial strength. With an optimistic outlook for the third quarter, Uber expects gross bookings in the range of $34 billion to $35 billion, with adjusted EBITDA (earnings before interest, taxes, depreciation, and amortization) in the $975 million to $1.02 billion range. On October 27, TD Cowen analyst  John Blackledge reiterated the stock's Buy rating, forecasting a strong third quarter. He predicts that Uber’s gross bookings could be in the higher range of its guidance, with EBITDA at around  $1.03 billion, higher than the company’s forecast. The analyst has a price target of $65 on UBER, implying 35% upside from current levels. More Room to Run Uber has now expanded its global reach into 10,500 cities in 70 countries, making its mark. It also offers subscription membership services to end-users through Uber One, now available in 15 countries. Furthermore, Uber's foray into autonomous vehicles should pique the interest of long-term investors. It demonstrates the firm's dedication to technological advancement. Although Uber faces stiff competition in this space from EV giant Tesla ( NASDAQ:TSLA ), I believe the company is capable of guarding itself. For instance, Uber announced a collaboration with Alphabet-owned ( NASDAQ:GOOGL ) Waymo that will provide Uber with its  self-driving vehicles for rides and food delivery. More doors may open for Uber in the near future if the company keeps collaborating with other companies. That said, Uber's journey hasn't been without hurdles. The company has faced many regulatory challenges and legal disputes over the past few years. Recently, along with ridesharing company Lyft ( NASDAQ:LYFT ), Uber settled a long-running wage theft investigation by jointly agreeing to pay a total of  $328 million to drivers affected by the companies’ alleged practices. In New York State, the companies were charged with illegally denying driver’s wages and failing to provide required paid sick leave. Also, the Attorney General’s office stated that other agreements were made to improve the working conditions of both Uber and Lyft's drivers. Addressing these issues is critical for the company's continued growth and credibility. Looking ahead, analysts are hopeful Uber will report another profitable quarter in Q3 (ended September 30). The company will release its Q3 earnings tomorrow, and analysts forecast earnings per share of $0.07 on $9.5 billion in revenue. Furthermore, analysts anticipate that Uber’s 2023 and 2024 will be profitable years. Revenue is also expected to grow by 18% to $37.6 billion in 2023, further increasing to $43.9 billion. As a result, the stock trades at 2.6 times forward sales for 2023, which appears to be quite cheap based on its outstanding growth forecasts. What is Wall Street’s Prediction for Uber Stock? Overall, Wall Street is highly optimistic about Uber stock. Out of the 16 analysts covering the stock, all of them rate it a Buy, giving it a Strong Buy consensus rating. The  average UBER stock price target of $59.20 implies 23% upside potential over the next 12 months. The Bottom Line on Uber Despite the ongoing challenges, Uber continues to be a dominant force in the transportation and tech sector. Its ongoing innovation and expansion into new markets point to a bright future. As Uber continues to innovate and diversify its offerings, its potential to boost its revenue will grow. As long as it maintains its revenue growth trajectory, it should be able to sustain its profits while keeping its balance sheet stable. Despite the recent stock rally, I believe Uber's success story is just getting started. As a result, I agree with Wall Street's optimistic outlook on Uber. Disclosure

The SPDR S&P 500 Fossil Fuel Reserves Free ETF is seeing unusually high volume in afternoon trading Monday, with over 955,000 shares traded versus three month average volume of about 83,000. Shares of SPYX were down about 0.1% on the day.

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Shares of pretty much every electric vehicle (EV) company competing with Tesla (NASDAQ: TSLA) for sales dropped this morning. As of 11:05 a.m. ET, Rivian (NASDAQ: RIVN) shares are shedding 2.6%, Fisker (NYSE: FSR) is off 3%, and Lucid Group (NASDAQ: LCID) is a 4% loser.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard S&P 500 ETF (Symbol: VOO) where we have detected an approximate $3.3 billion dollar inflow -- that's a 1.0% increase week over week in