- Tesla Denies Rumored China Business Sale Plan - Analyst Predicts Big Stock Rally for Ford - Toyota Creates New Units to Fast-Track Reforms - Chinese Automakers Capture 23% Of Brazil Market - Zoox Wins Approval for Paid Driverless Robotaxi Rides - Momenta Gets Germany Approval for L4 Testing - Over 70% Of Chinese Cars Feature ADAS - China Faces Severe Talent Shortage for AV Engineers - Rivian Narrowed Losses Despite Massive Negative Cash Flow - Expert Warns U.S. Lacks Key Battery Manufacturing Tech

AD #4346 - Tesla Denies China Business Sale Plan Report; Zoox Wins Approval for Paid Robotaxi Rides; U.S. Lacks Key Battery Manufacturing Te

Autoline Daily

This is Autoline Daily, the show dedicated to enthusiasts of the global automotive industry. Would Tesla sell off its China operations to help facilitate a merger with SpaceX? The Wall Street Journal broke that story yesterday and it's all over the media today. There's been a lot of speculation that the two companies will merge, and the Journal reports that Tesla executives have been told to prepare for a potential separation of its China business

to help make the merger possible. If that merger happens, it would generate a lot of scrutiny, especially in China, because SpaceX is a major U.S. defense contractor involved in national defense and satellites. So separating Tesla's China business could help address any conflicts. However, Elon Musk denied the report saying it has never discussed separating its China business and called it, quote, absurdly fake news.

Ford's stock is up 13% so far this year because investors are bullish about it entering the energy storage business. And while most investors are skeptical about Ford, one city analyst believes the automaker can continue its momentum. Ford's stock closed at $14.83 yesterday, and the average analyst price target is just below $16.

But city analyst Michael Ward raised his price target for Ford to $20 a share. In addition to its energy business, Ward expects a 28% boost in F-Series production in the second half will increase earnings. While Ward is bullish about Ford, only 28% of analysts tracked by Bloomberg rate the stock a buy. Toyota is the biggest and most profitable car company in the world.

AD #4346 - Tesla Denies China Business Sale Plan Report; Zoox Wins Approval for Paid Robotaxi Rides; U.S. Lacks Key Battery Manufacturing Te

Read the full transcript

The candid version is on a podcast,
not the earnings call.

AD #4346 - Tesla Denies China Business Sale Plan Report; Zoox Wins Approval for Paid Robotaxi Rides; U.S. Lacks Key Battery Manufacturing Te

Read the full transcript

The candid version is on a podcast, not the earnings call.

The candid version is on a podcast,
not the earnings call.