The auto sector experienced a challenging week, with major players Tesla (TSLA), Ford (F), and General Motors (GM) all reporting weaker-than-expected earnings. Dan Levy, Barclays senior autos analyst, joins Market Domination to discuss the current state of the auto industry. Levy identifies a trend in the auto industry: "a pivot to demand constraints and away from supply constraints." He explains that in recent years, demand was strong while supply was weak. However, "that's really flipped this year," with automakers now "grappling with this reality" of softer demand. Regarding the potential impact of the upcoming election on the electric vehicle (EV) market, Levy notes that automakers will likely continue with their product planning cycles "regardless of who is in office". However, he points out that a Trump-Vance administration could potentially change the Inflation Reduction Act's EV tax purchase credit and might lead to softer regulatory mandates for the industry. For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith...

The EV maker was clawing back from Wednesday’s steep losses despite another analyst bumping down the rating for its shares...

S&P 500 Declines For Second Straight Week as Tesla, Alphabet Weigh...

Tesla was handed a downgrade to a sell rating on Friday, marking the fourth rating downgrade since the EV giant announced late Tuesday that second-quarter earnings sank more than 40%, worse than expected. Revenue for the quarter topped views, fueled by surging regulatory credits. TSLA edged lower Friday...