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This Space Stocks Boom Has Echoes of the EV Bubble. Red Flags as Rocket Labs, AST Soar.
Barrons.com78d agoneutral
This Space Stocks Boom Has Echoes of the EV Bubble. Red Flags as Rocket Labs, AST Soar.

The technical Wall Street term for investors short-selling space stocks right now is “getting your face ripped off.” Shares of commercial space companies are on fire lately. Coming into Wednesday trading, shares of Rocket Lab and AST SpaceMobile to name two, were up 74% and 55%, respectively, over the past month, leaving them both up more than 380% over the past 12 months.

Ferrari reverses after controversial EV announcement
TheStreet78d agoneutral
Ferrari reverses after controversial EV announcement

U.S. car manufacturers have learned a valuable lesson about electric vehicles over the past couple of years: American consumers don't like expensive EVs. That's why Ford is still pushing hard for EVs despite the $19.5 billion in losses it was recently forced to write down in its electric vehicle ...

Fire-Damaged Auto Aluminum Plant Closer to Restarting
The Wall Street Journal85d agoneutral
Fire-Damaged Auto Aluminum Plant Closer to Restarting

A fire-damaged aluminum rolling plant in upstate New York that supplies Ford Motor and other automakers will return to service in the next few weeks, its owner said Tuesday. The restart of the Oswego, N.Y., Novelis plant is running slightly ahead of the company’s earlier target for restarting the plant at the end of June, the company said. Ford, which is the U.S. auto industry’s biggest user of aluminum, said in April it expected Oswego’s rolling line to restart this month.

Ford rival doubles down on China with bold move
TheStreet87d agoneutral
Ford rival doubles down on China with bold move

While Ford and General Motors wrestle with their China strategies, Stellantis is doubling down on the world's largest auto market. Stellantis, the maker of Jeep, Ram, and Peugeot, just made two sweeping moves that signal a sharply different playbook from its American rivals. The decisions ...

Morgan Stanley turns bullish on Ford's EV storage business
TheStreet88d agoneutral
Morgan Stanley turns bullish on Ford's EV storage business

Ford Motor stock surged 13% in a single session the week of May 10 after Morgan Stanley issued a bullish call on the automaker's energy storage business. That was Ford’s biggest one-day gain since March 2020. For context, that kind of move doesn't happen without a serious catalyst. And this one ...

Another iconic auto brand is taken down by low EV sales
TheStreet90d agoneutral
Another iconic auto brand is taken down by low EV sales

Automakers around the world are learning just how much government subsidies propped up their electric vehicle sales, as the expiration of those subsidies is throwing cold water on the industry's EV ambitions. Take Honda, for example. Over the last three decades, the Japanese automaker has gone from ...

Ford CFO sounds the alarm on surging aluminum prices
TheStreet97d agoneutral
Ford CFO sounds the alarm on surging aluminum prices

When you stand in a showroom kicking the tires on a new pickup, you are not really thinking about metallurgy. You are thinking about the monthly payment, the towing capacity, the trade-in value of your old car. The truck itself feels like one solid object. Bumper to bumper, you assume the price is ...