As the underlying fundamentals start to turn a corner for the electric vehicle market, investors might want to buy the dip on these two longer-term stock ideas.
Electric-vehicle maker Tesla's shares rose 4.5% on Monday, snapping a six-session losing streak, after brokerage Baird Equity Research added the stock to its "best ideas" list.
Chilean lithium giant Sociedad Quimica y Minera de Chile (NYSE: SQM), or SQM, released lighter-than-expected second-quarter results late last Wednesday. Investors didn't seem overly concerned that SQM's quarterly revenue and earnings missed Wall Street's expectations. Shares decl
Amid heightening climate concerns, countries worldwide are fast transitioning to electric vehicles (EVs) in the pursuit of a greener and sustainable future. To this end, Canada—home to abundant natural resources and committed to r
U.S. auto safety regulators said on Monday that they are investigating whether Ford Motor's 2022 recall of nearly 49,000 Ford Mustang Mach-E electric vehicles adequately addressed concerns and whether it should be expanded to more vehicles.
Below is Validea's guru fundamental report for FORD MOTOR CO (F). Of the 22 guru strategies we follow, F rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via di
Investors in Ford Motor Company F need to pay close attention to the stock based on moves in the options market lately. That is because the Sep 15, 2023 $3.35 Call had some of the highest implied volatility of all equity options t
Below is Validea's guru fundamental report for FORD MOTOR CO (F). Of the 22 guru strategies we follow, F rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via di
U.S. auto safety regulators said Monday they are investigating whether Ford Motor's 2022 recall of nearly 49,000 Ford Mustang Mach-E electric vehicles adequately addressed concerns.
Below is Validea's guru fundamental report for FORD MOTOR CO (F). Of the 22 guru strategies we follow, F rates highest using our Shareholder Yield Investor model based on the published strategy of Meb Faber. This strategy looks for companies returning cash to shareholders via di
Electric-vehicle batteries and other car parts are the latest products under scrutiny as part of Washington's effort to stamp out U.S. links to forced labor in Chinese supply chains, according to a document seen by Reuters, agency statistics and sources.
On the final day of trading for the week, it looks as though the major indexes are set to deliver their worst week since March. While investors are concerned about higher interest rates hurting stocks, these three unusually active options are worth considering as we head into the weekend.
Warren Buffett's firm unloaded nearly half of its remaining General Motors stake in Q2 - but given the tepid valuations, GM looks like a good buy at these prices.
VinFast shares slumped for third straight session on Friday, with the Vietnamese electric automaker losing nearly half of its market value in the past two session after a blowout Nasdaq listing this week.
(RTTNews) - Auto major Ford Motor Co. and its South Korean partners SK On and EcoProBM announced an investment of C$1.2 billion or about $885 million to build a cathode manufacturing facility in Quebec, Canada. Through the cathode joint venture or JV, the three companies are expe
Raising guidance usually catalyzes a rally, but for Rivian (NASDAQ: RIVN), Ford (NYSE: F), and Keurig Dr Pepper (NASDAQ: KDP), it didn’t happen this time. However, the takeaway from the moves is far from bearish and suggests the possibility that this is the time to buy. While th
Shares of VinFast Auto (
NASDAQ:VFS
) are continuing their descent for the second consecutive day, ending down 34% on August 17. It seems like the
electric vehicle (EV) maker’s fairytale story is coming to an end. VFS stock jumped over 68% in its
stock market debut, pumping its equity valuation to nearly $85 billion. As a result, this valuation exceeded that of legacy automakers General Motors (
NYSE:GM
) and Ford Motor Company (
NYSE:F
) as of the close of August 15, 2023.
However, following yesterday’s descent, VinFast’s valuation stands at $46 billion, falling behind Ford’s valuation of $47.4 billion. However, it is still ahead of General Motors' valuation, which stands at $45.3 billion.
Given the inherent volatility in VinFast's share price due to its lower share count, there is a possibility that VinFast may lose ground to GM as well.
VinFast’s Auto Troubles are Brewing
VinFast launched its VF8 model in the U.S. this year, and it has sold 740 units in the U.S. until June 30. However, in early May, VinFast had to recall all of the 1,000 units of VF8 that were delivered to the U.S.; 100 of those had already been delivered to customers. A
Wall Street Journal report stated that the EV’s display screen would go blank while driving, blinding the driver to warning lights and the speedometer. There were also other minor technical problems with the FV8, all of which VinFast has addressed to date.
VinFast is making tremendous efforts to regain its strength in the U.S. auto market. Notably, the automaker stated that it would repay customers between $100 to $300 for facing quality issues. Plus, it offers a 10-year warranty on the VF8 and the battery.
VinFast also needs additional liquidity if it wants to survive and compete in the auto race. Like any other start-up, VinFast is losing money and needs more funds. VinFast’s promoter, Pham Nhat Vuong, has agreed to pump $1 billion of his own capital into the business next year. Moreover, the parent company, Vingroup, will pump in another $500 million. Further, Vingroup would loan out $1 billion to VinFast’s automotive unit.
The Vietnamese automaker aims to sell up to 50,000 units this year, with only 11,300 units delivered globally in the first half. Moreover, to strengthen its supply chain, the company broke ground at its new EV manufacturing facility in North Carolina, U.S. The plant is expected to initiate production in 2025 with an annual capacity of 150,000 EVs.
Is VinFast a Good Stock to Buy, as per Hedge Funds?
As per TipRanks’ Hedge Fund Trading Activity Tool, VinFast Auto has a Positive confidence signal. During the past three months,
four hedge funds have bought 588,500 shares of VFS stock.
Disclosure
Vietnamese electric-vehicle maker VinFast, which made a splash this week when its shares debuted on the Nasdaq, has stirred a mix of caution and interest among dealers with a recent change in how it will distribute its cars in the U.S. market.