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The Zacks Analyst Blog Highlights: Tesla, Ford, General Motors and Fiat
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For Immediate Release
Chicago, IL –November 25, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Tesla (TSLA - Free Report) , Ford (F - Free Report) , General Motors (GM - Free Report) and Fiat Chrysler (FCA - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Tesla Pickup Unveiled, But Will It Be First to Market?
Tesla CEO Elon Musk has finally unveiled his pet project after talking about it intermittently for years.
Cybertruck as it’s called is kind of conical or triangular in shape, with an ultra-hard 30X cold-rolled stainless steel body and armored glass windows with 100 cubic feet of storage space. The 6.5 foot vault will have a 4-inch suspension on each side. The touchscreen sitting in the middle of the dashboard measures 17-inches.
The flashy demo included strikes with a sledge hammer and bullets that the beast could withstand. However, it didn’t end well as the windows pretty much cracked in a thousand directions when struck with a metal ball, which “didn’t go through” though.
There will be three models, the cheapest of which, at $39,900 has a 7,500-pound towing capacity, a range of 250 miles and a startup speed of 0-60 mph of less than 6.5 seconds. This is a single-motor vehicle.
The range, capacity and start speeds are bumped up to 10,000 pounds, 300 miles and 4.5 seconds in the mid-range model, which is priced at $49,900. This is a dual-motor vehicle.
The top-of-the-rung vehicle with triple-motor all-wheel drive can do 14,000 pounds, 500 miles between charges and start up in 2.9 seconds. This one costs $69,900 and will only start production in 2022.
The pricing structure is interesting given that most truck-buyers don’t mind spending something around $50,000 (JD Power VP, as quoted by The Verge). So the mid-range model is poised to challenge the Fords, General Motors and Fiat Chryslers out there. But in case anyone wants to play safe (since there’s nothing to compare this with exactly), or thinks the design is wanting, they can try out the cheaper version. The last category is for the really big users, mainly for work.
In Musk’s own words, "We need sustainable energy now. If we don't have a pickup truck, we can't solve it. The top 3 selling vehicles in America are pickup trucks. To solve sustainable energy, we have to have a pickup truck." That’s why this project has really been close to his heart.
We don’t have a launch date yet and anyway, Tesla has been better at missing rather than meeting deadlines thus far. Of course, with the China factory coming online, sales to China should be more manageable now. But Tesla also has the Model Y coming up, so it’s really hard to tell.
Competition is building up in the meantime with Ford prepping its all-electric F-150, General Motors entering the market in 2021, and Ford and Amazon-backed EV startup Rivian bringing something as early as next year.
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.
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The Zacks Analyst Blog Highlights: Tesla, Ford, General Motors and Fiat
For Immediate Release
Chicago, IL –November 25, 2019 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Tesla (TSLA - Free Report) , Ford (F - Free Report) , General Motors (GM - Free Report) and Fiat Chrysler (FCA - Free Report) .
Here are highlights from Friday’s Analyst Blog:
Tesla Pickup Unveiled, But Will It Be First to Market?
Tesla CEO Elon Musk has finally unveiled his pet project after talking about it intermittently for years.
Cybertruck as it’s called is kind of conical or triangular in shape, with an ultra-hard 30X cold-rolled stainless steel body and armored glass windows with 100 cubic feet of storage space. The 6.5 foot vault will have a 4-inch suspension on each side. The touchscreen sitting in the middle of the dashboard measures 17-inches.
The flashy demo included strikes with a sledge hammer and bullets that the beast could withstand. However, it didn’t end well as the windows pretty much cracked in a thousand directions when struck with a metal ball, which “didn’t go through” though.
There will be three models, the cheapest of which, at $39,900 has a 7,500-pound towing capacity, a range of 250 miles and a startup speed of 0-60 mph of less than 6.5 seconds. This is a single-motor vehicle.
The range, capacity and start speeds are bumped up to 10,000 pounds, 300 miles and 4.5 seconds in the mid-range model, which is priced at $49,900. This is a dual-motor vehicle.
The top-of-the-rung vehicle with triple-motor all-wheel drive can do 14,000 pounds, 500 miles between charges and start up in 2.9 seconds. This one costs $69,900 and will only start production in 2022.
The pricing structure is interesting given that most truck-buyers don’t mind spending something around $50,000 (JD Power VP, as quoted by The Verge). So the mid-range model is poised to challenge the Fords, General Motors and Fiat Chryslers out there. But in case anyone wants to play safe (since there’s nothing to compare this with exactly), or thinks the design is wanting, they can try out the cheaper version. The last category is for the really big users, mainly for work.
In Musk’s own words, "We need sustainable energy now. If we don't have a pickup truck, we can't solve it. The top 3 selling vehicles in America are pickup trucks. To solve sustainable energy, we have to have a pickup truck." That’s why this project has really been close to his heart.
We don’t have a launch date yet and anyway, Tesla has been better at missing rather than meeting deadlines thus far. Of course, with the China factory coming online, sales to China should be more manageable now. But Tesla also has the Model Y coming up, so it’s really hard to tell.
Competition is building up in the meantime with Ford prepping its all-electric F-150, General Motors entering the market in 2021, and Ford and Amazon-backed EV startup Rivian bringing something as early as next year.
Tesla shares carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performancefor information about the performance numbers displayed in this press release.