The no-moat firm's results show EPS beat consensus, and with a steady macro environment, 2019 could be a good year.
Tesla's results were slightly ahead of expectations and we still see shares as overvalued.
Elon Musk's plan to slim the workforce to drive down the price of the Model 3 is sensible, and our fair value estimate is unchanged.
Optimism after analyst day sends the stock soaring, but we still think shares look cheap.
We think the stock is undervalued, but it may remain cheap until more certainty comes in governance.
High-end demand remains strong for the automaker.
We are raising our fair value estimate for the no-moat firm.
The company is focusing on areas in demand in the likely closure of three plants.
Concerns about safety and the fate of private vehicle ownership are just two reasons this technology will stay in first gear for now.
We are increasing our fair value estimate and expect Model 3 momentum to continue into the fourth quarter.
We are raising our fair value estimate to account for an increase in vehicles delivered through 2027.
We like the deal because it gives Cruise even more cash to scale up quickly without further using GM's funds.
Both Ford and GM faced tough comparable from last year.
We think the settlement is wise, but Musk is better in a role other than CEO.
Without Musk, we estimate that Tesla is worth, at best, about $126 per share.
Both automakers offer attractive dividend yields, but we like GM better today.
The automaker posted a solid month despite a continued plunge in its car lineup.
We think it would be harmful to investors for the SEC to ban Musk from running a public company.
We think the automotive seating company's woes are fixable.
We don't expect a deal this week but think it will happen.
The Tesla CEO's tweet raises questions, and we're leaving our fair value estimate unchanged until a formal announcement.
Tesla reported another loss in the second quarter, but CEO Elon Musk is upbeat that the firm will be profitable going forward.
We remain concerned about possible tariffs on imported vehicles, but for now, the U.S. auto industry looks healthy to us.
The quality of the fiscal first-quarter earnings isn't extraordinary.
Toyota and GM's Buick brand have concerning exposure, but it's too early to say that we'll change their fair value estimates as a result.
We still think the stock’s overvalued.
The firm's long-term story--not any single quarter's results--will ultimately determine the value of the company.
Deep discounting on new vehicles has driven consumers to dealerships instead of a CarMax store--a trend that could last a few more quarters.
Ford's sales rise mostly from fleet, while all four brands at GM notch double-digit sales increases.
We see the firm at a key inflection point where it will either continue to grow or could sputter and die.
Studies show the brand to be among the most reliable, and its vehicles have evolved from your parents' or grandparents' Park Avenue.
Ford and GM will remain the long-term heavyweights in the full-size pickup segment, but Ram should see the most growth this year.
We expect another down year for vehicle sales, but with a new truck platform on the way we see GM as undervalued.
Tesla reported a better-than-expected quarter, but we still think the stock trades on momentum for option value that, if realized, is still many years away.
Although the automaker's stock is undervalued, we don't expect it to move significantly upward this year.
We see no winners if free trade ends.
GM's December sales fell year over year, while volume rose at Ford.
It's working at getting the scale that only automakers its size can reach, and it's succeeding.
Fleet sales boost Ford's numbers but nick GM's results.
The carmaker is subsidizing its autonomous vehicle strategy with its profitable core operations.
Tesla is masterful at unveiling exciting products with top specifications, but the company has yet to actually make them perfectly in large volume.
September sales were up 6.3%, and GM is our favorite pick in the sector.
Automakers enjoyed their first year-over-year sales increase for 2017.
We’re raising our fair value estimate of the narrow-moat firm.
August auto sales improved versus July.
The national brand opens doors in e-commerce, collision centers, parts, and used stores.
Our fair value estimate remains in place, but we are lowering our 2017 delivery expectations.
We see more upside to GM over time as the company continues to reduce costs, buy back stock and pay dividends.
Ford continues to see demand for its profitable light trucks, while GM's crossover retail sales grew.
U.S. job creation could become more of a concern later on, but we still see some bargains across our global industrials coverage.