Auto Stock Roundup: TSLA Taps $1.4B Loan For Giga 3, F Recalls & More
Zacks Investment Research | Dec 25, 2019 09:42PM ET
The highlight of the past week was Tesla (NASDAQ:TSLA) crossing Elon Musk’s $420 target. The electric vehicle (EV) pioneer seems unstoppable. The most significant catalyst to its most recent rally is the Shanghai Gigafactory 3 and its ahead-of-schedule timeline, with cars being shipped out across China’s mainland. Tesla now has access to the world’s EV market and the stock price reflects this. In the past week, the company also secured $1.4 billion funding from China banks for its Shanghai Gigafactory.
With the EV revolution gathering steam, Ford (NYSE:F) recently bumped up its investment in Rivian, the maker of electric SUVs and pickup trucks. Meanwhile, CarMax Inc. (NYSE:KMX) and Winnebago Industries, Inc. (NYSE:WGO) unveiled their quarterly results.
(Read the Last Auto Stock Roundup Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.