Nasdaq TSLA Tesla

In this week's video, I cover need-to-know news items related to Tesla (NASDAQ: TSLA) during the week of July 24. Today's video will focus on what Tesla owners think of the Model 3 and Elon Musk, Tesla's sales numbers in China, and production at Fremont, California.

As the trailblazer in the industry, Tesla (NASDAQ: TSLA) has undoubtedly become the leader in the market for electric vehicles (EVs). According to Statista, the business commanded an impressive 52% of total unit sales in 2022 in the U.S., which represented a huge lead over the ne

This year has been a pleasant surprise in the stock market for many investors. While many stock market projections for 2023 included a continued down period, this hasn't been the case though we're almost seven months through the year.

In a single quote this past April, Tesla (NASDAQ: TSLA) CEO Elon Musk essentially struck fear across the electric vehicle (EV) industry. Musk noted that Tesla would push for higher volumes with lower prices, rather than lower volumes at higher margins. And with that, the price wa

In the electric vehicle (EV) world, a truck is one of the last models to come to market. Rivian (NASDAQ: RIVN) beat everyone to the punch with its R1T and R1S models, but General Motors and Ford Motor soon followed suit with their launches.

General Motors (NYSE: GM) continues to perform extremely well, with sales and margins per vehicle on the rise. But the market hasn't put much value on the company, with shares trading for a P/E ratio under 5. Travis Hoium covers why that's cheap and why this is a great stock to o

For the second quarter, Tesla (NASDAQ: TSLA) reported revenue of $24.9 billion, which was a 47% increase versus the year-ago period. That growth is impressive without a doubt, particularly given the macroeconomic headwinds and higher interest rates. Moreover, last quarter's sales

Sigma Lithium is working with Bank of America to coordinate talks with parties interested in acquiring it, the chief executive of the miner, which produces the metal used to make electric vehicle batteries, told Reuters on Friday.

Ford (NYSE: F) pared back its electric vehicle (EV) production targets on Thursday. The auto giant now expects to achieve an annual manufacturing rate of 600,000 EVs in 2024. Management had previously hoped to reach that pace by the end of 2023.

With a massive 11.3% dividend yield, the Global X NASDAQ 100 Covered Call  ETF ( NASDAQ:QYLD)   immediately catches the eye as a tempting option for dividend investors. Even better, it pays out its dividend on a monthly basis. There is certainly a lot to like about this ETF for income investors. However, before investors get too excited about QYLD, there are a few other factors that they would be wise to consider as well.  What is QYLD’s Strategy? QYLD is an $8.25 billion ETF from Global X that was launched in December 2013. According to Global X, QYLD “follows a ‘covered call’ or ‘buy-write’ strategy, in which the Fund buys the stocks in the Nasdaq 100 Index and 'writes' or 'sells' corresponding call options on the same index." In other words, QYLD owns the mega-cap and large-cap growth stocks that populate the Nasdaq 100 ( NDX ), and it generates income for investors and achieves its outsized dividend yield by selling covered calls against these holdings.  QYLD's Holdings QYLD’s underlying index is the Nasdaq 100, so the fund is made up of many of the mega-cap tech stocks and large-cap growth stocks that investors know and love. The fund is fairly diversified, holding 102 stocks. Its top 10 holdings account for just under half of its assets. See below for an overview of QYLD’s top holdings from TipRanks’ holdings screen.  As you can see above, QYLD’s top holdings skew heavily towards the "magnificent seven" stocks that have led the market higher in 2023 -- Apple ( NASDAQ:AAPL ), Microsoft ( NASDAQ:MSFT ), Amazon ( NASDAQ:AMZN ), Nvidia ( NASDAQ:NVDA ), Meta Platforms ( NASDAQ:META ), Tesla ( NASDAQ:TSLA ), and Alphabet ( NASDAQ:GOOG ) ( NASDAQ:GOOGL ). It’s hard to argue with this portfolio of blue-chip tech and growth stocks, and TipRanks’ Smart Score system agrees, assigning eight of QYLD’s top 10 holdings outperform-equivalent Smart Scores. The Smart Score is a proprietary quantitative stock scoring system created by TipRanks. It gives stocks a score from 1 to 10 based on eight market key factors. A score of 8 or above is equivalent to an Outperform rating. QYLD features an Outperform-equivalent ETF Smart Score of 8. Is QYLD Stock a Buy, According to Analysts? Turning to Wall Street, QYLD has a Moderate Buy consensus rating, as 67.71% of analyst ratings are Buys, 28.58% are Holds, and 3.70% are Sells. At $19.73, the average QYLD stock price target implies 9.4% upside potential. QYLD's Long-Term Performance To see how QYLD has performed over time, we can look at it over the years from a total-return perspective, which captures both price appreciation and returns from dividends. As of the end of the most recent quarter in June, QYLD has a one-year total return of 14.6%. Meanwhile, it has a three-year annualized return of 6.9% and a five-year annualized return of 5.7%. Keep in mind that these returns include what investors gain from the large dividend payouts, so they suddenly look a lot less exciting. Since its inception at the end of 2013, QYLD has returned a slightly better 7.2% on an annualized basis.  While these returns are positive, they are somewhat lackluster, especially when compared to just investing in the Nasdaq 100, which the fund uses as its underlying index. Investors can do just that with an ETF like the Invesco QQQ Trust ( NASDAQ:QQQ) , which invests in the plain vanilla Nasdaq 100 without a complex strategy of selling covered calls like QYLD. Over the past year, QQQ has had a one-year return of 32.8%, more than double that of QYLD. QQQ’s three-year annualized return is also far superior to that of QYLD at 15%. On a five-year basis, QQQ again easily surpasses the total return of QYLD with a far better 17.9% annualized return, more than tripling QYLD’s return. Finally, over a 10-year timeframe, QQQ investors have made a stellar 18.9% on an annualized basis.  So, while QYLD looks tempting with its 11.3% dividend yield, investors would have been far better off simply investing in QQQ over the years, which has vastly outperformed QYLD, even when this yield is taken into account. The dividend yield is nice to have, but QQQ investors have grown their wealth to a far higher level than QYLD investors. Because QYLD sells covered calls against its positions (a strategy that caps upside while slightly reducing downside), it leaves upside on the table as these holdings get called away if the covered call gets hit. You can see it playing out in real time this year, as the Nasdaq has surged, which is why QQQ has more than doubled QYLD’s year-to-date total return.      Fees & Expenses There’s also the matter of fees -- with an expense ratio of 0.60%, QYLD investors are paying a fairly high $60 on a $10,000 investment. This is higher than QQQ, where investors pay a lower 0.20%, which comes out to $20 on a $10,000 investment. This disparity becomes more pronounced over time -- if the fees remain consistent over time and both funds return 5% per year, after a decade, the QYLD investor would pay $750 in fees, while the QQQ investor would only pay $255 over the same time frame.  Below, you can take a look at a comparison of QYLD and QQQ created with TipRanks' customizable ETF Comparison tool, which allows investors to compare up to 20 ETFs at a time across a variety of inputs. The Takeaway The idea of being able to combine these blue-chip tech stocks with an 11.3% dividend yield certainly has its appeal. Receiving dividend payments on a monthly basis is also appealing, and QYLD deserves credit for its rock-solid track record of paying out a monthly dividend every month for nine years and counting, so I can certainly understand why some investors like QYLD.  However, as the comparison to QQQ shows, QYLD’s strategy can leave a lot of upside on the table, and investors historically would have been far better off investing in a simple Nasdaq 100 fund like QQQ. QQQ is clearly the superior investment choice in this comparison, and it's the ETF I would choose to invest in. Nonetheless, if an investor understands QQQ's superior value proposition and still wants the monthly income that QYLD offers, they could consider initiating a position in QQQ and a smaller position in QYLD in order to get the monthly dividend payments. Disclosure

Since falling to a 12-month low of $102 about seven months ago, Tesla's (NASDAQ: TSLA) stock has made an extraordinary recovery, surging by more than 150% to trade at $269 (as of writing). That put it back to about the same level it was trading at a year ago.

As NIO ( NYSE:NIO ) stock heads for the skies, investors are getting greedy, and hardly anyone wants to wait for a share-price dip. Yet, that seems like the best strategy now, and I am neutral on NIO stock until it comes down to a more reasonable price point. China-based electric vehicle (EV) manufacturer NIO deserves credit for growing its business despite competition from the likes of Tesla ( NASDAQ:TSLA ). As we'll discover, an agreement made it easier for NIO to compete with Tesla - or at least it would have made it easier for NIO, but things didn't work out as planned. Plus, we'll find out that the analyst community isn't generally super bullish on NIO stock for the next 12 months. All in all, it's fine to follow NIO's unfolding story, but you don't have to jump into a hasty stock trade. NIO's Pact with Tesla Gets a Rug Pull Over the past couple of years, NIO had the home-country advantage in the Chinese EV market, but Tesla made it more difficult for NIO to attract customers. That's because Tesla enacted a series of vehicle price cuts, and it wouldn't have been easy for a comparatively smaller start-up like NIO to dent its own profit margins like Tesla did. Then, a seemingly positive news item came out of China. According to a Bloomberg report, 15 EV manufacturers with operations in China, including Tesla and NIO, signed a potentially historic agreement. It was a pact brokered by the China Association of Automobile Manufacturers (CAAM) in which the automakers agreed to avoid "abnormal pricing" and maintain fair competition. This happened in early July, and NIO stock has rallied sharply since then. Yet, soon after the signing of the pact, there was a rug-pull moment when Reuters reported that the CAAM retracted the pledge to avoid "abnormal pricing." Apparently, the pledge was in violation of antitrust laws in China. So, that was the end of an agreement that could have changed the course of EV industry history. It was over almost as soon as it began, and NIO's investors should have taken profits at that point - right? NIO Stock Surges, but the Data Isn't All Good Of course, the financial market isn't always rational, and sometimes it overshoots to the upside or the downside. In the case of NIO stock, I suggest that it overshot to the upside when it rallied from $10 in early July to more than $14 now. That's a 40% gain in less than 30 days, and once again, the CAAM pact collapsed soon after it was signed. Meanwhile, NIO's press releases page isn't filled with news items that should prompt a 40% rally. Here's what happened with NIO in the past month, in a nutshell. First, NIO released its June and second-quarter 2023 EV delivery update. The company delivered 10,707 vehicles in June, indicating a decline from the 12,961 vehicles delivered in June of 2022. Furthermore, NIO delivered 23,520 vehicles during this year's second quarter. Again, there's a downtrend here since NIO delivered 25,059 vehicles in the year-earlier quarter. The other major piece of news pertaining to NIO this month is that a company associated with the government of Abu Dhabi in Saudi Arabia invested a large sum of money in NIO. That's fine, but only time will tell whether NIO chooses to deploy this capital wisely. Possibly, the market is pricing in the potentially positive impact of NIO's capital infusion. Yet, there's no guarantee that it will result in improved delivery numbers, revenue, or profits. Is NIO Stock a Buy, According to Analysts? Turning to Wall Street, NIO stock comes in as a Moderate Buy based on seven Buys and four Hold ratings. The average NIO stock price target is $10.38, implying 29.5% downside potential. If you’re wondering which analyst you should follow if you want to buy and sell NIO stock, the most profitable analyst covering the stock (on a one-year timeframe) is Ming-Hsun Lee of Bank of America ( NYSE:BAC ) Securities, with an average return of 49.06% per rating. Click on the image below to learn more. Conclusion: Should You Consider NIO Stock? Interestingly, it looks like financial traders are extremely bullish on NIO stock, but Wall Street's foremost experts aren't all convinced, and the average NIO price target signals downside ahead. I tend to concur with the analysts' lukewarm sentiment. Besides, there wasn't enough overwhelmingly positive news to justify a one-month 40% rally. Therefore, I'm not considering NIO stock right now, and I would prefer to wait for a pullback of at least 20% before entering into a trade. Disclosure

Harley-Davidson, Inc. HOG reported second-quarter 2023 adjusted earnings of $1.22 per share, which missed the Zacks Consensus Estimate of $1.40 and declined 16% year over year. Lower-than-anticipated revenues from the Motorcycles

Italian carmaker Maserati will never start or get involved in a price war with competitors, the CEO of the luxury subsidiary of Stellantis said on Friday.

LKQ Corporation LKQ reported adjusted earnings of $1.09 per share for second-quarter 2023, same as the year-ago period. Earnings outpaced the Zacks Consensus Estimate of $1.06. The outperformance stemmed from better-than-expected

Ford F reported adjusted earnings of 72 cents per share for second-quarter 2023, which beat the Zacks Consensus Estimate of 51 cents and increased from 68 cents recorded in the year-ago quarter. Higher-than-expected automotive rev

NIO trades at a fraction of its 2021 highs, and lags many of its electric vehicle rivals. However, the Chinese EV stock could be a strong buy at current levels - here's why.

Two senior Tesla executives discussed the company's plans to enter India with officials from the country's investment promotion arm in New Delhi, two people with direct knowledge of the matter said, the latest in a series of high-level talks.

Police in Texas on Friday were investigating a 911 call reporting an active shooter at a large Tesla plant that turned out to be a false alarm, authorities said.

Robotics and artificial intelligence have not only revolutionized industries across the globe but also sparked a significant surge in investment interest.