Tag TSLA

Yahoo Finance Live recaps the day's top stories including: Homebuilder sentiment fell for the first time in seven months, dropping 6 points to 50, according to the National Association of Home Builders/Wells Fargo Housing Market Index. The NAHB says inflation and mortgage rates pushing 7% are weighing on homebuilders. VinFast Auto (VFS) shares soared 68% in its trading debut. VinFast CEO Madame Thuy told Yahoo Finance Live why the company sees opportunities in the U.S. Tesla (TSLA) is introducing new versions of its Model X and Model S vehicles that are cheaper but have lower ranges...

The United Auto Workers union will be holding a strike authorization vote next week to determine if they will walk out from their jobs at the Big Three automakers: Ford (F), General Motors (GM), and Stellantis (STLA). Tom Narayan, RBC Capital Markets Lead Equity Analyst of Global Autos, and David Whiston, Morningstar U.S. Autos Equity Analyst, join Yahoo Finance Live to discuss how a potential strike will impact the auto industry. On the potential UAW strike, Whiston says this is the fifth round of contract talks he has experienced, but "this is the most worried I’ve been about any of them." Whiston says the UAW's demands are effectively asking for the automakers to "go back to how things were in the 20th century with everyone having a pension and retiree healthcare." "Many of those workers have seen their parents or their grandparents have those benefits, but it’s just not economically feasible anymore," Whiston explains. Narayan and Whiston also discuss pricing in the auto industry. Narayan says, "the big topic really for the carmakers is pricing and price normalization." Price normalization is "a bigger threat, I think, to the auto industry than this one-time hit that’ll happen with the strike or financial costs raising somewhat," Narayan explains. Narayan notes that with the Inflation Reduction Act, automakers will get more money to produce batteries domestically so "you’re going to see a lot of price deflation actually, I think, on EVs," adding that he thinks ultimately it will be cheaper to buy an EV than a gas-powered car...

VinFast Auto completed its SPAC combination, and shares have surged to a sky-high valuation. Click here to read why VFS stock is a Sell...

Tesla stock is down 10% in August with Cathie Wood dumping shares in three straight sessions. Tesla launched cheaper Model S and X trims Monday...

Fisker (FSR) joins the umbrella of EV makers adopting Tesla's (TSLA) charging adaptor in order to make use of its charging infrastructure. Yahoo Finance Autos Reporter Pras Subramanian details the path forward for Fisker and its luxury electric vehicle lines...

Tesla's recent Q2 financial report showed a 47% revenue increase YoY, but stock dropped by 10%. Find out why TSLA stock is a Sell...

The Austin electric-vehicle-industry leader hopes the changes will generate more sales of these models...