Despite the drop in sales in Q2, Ford (F) stock is trading in the green with a 2% surge. Meanwhile, the company rolled out the marketing strategy for its new family of Bronco SUVs.
Tesla’s Q2 results beat street estimates as the stock surged a whopping 8% in the last trading session climbing all the way above $1200 levels. Tesla’s recent price surge has made it the most valuable global automobile toppling Toyota.
The expected starting price for Ford’s new model is somewhere around $30,000. But to make a reservation, $100 is enough. The sale will start no earlier than next spring. F stock is up.
While Tesla has exceeded Toyota on market value, it is still falling behind the Japanese company by a wide margin on actual car production. Tesla stock closed at $1,119.63 on July 1. After-hours, it added another 1.55% to reach $1,137.00.
Following Tesla’s progressive growth, TSLA stock now has all chances of being included in S&P 500. This has become known from a leaked email.
Boeing (NYSE: BA) stock surged by over 14% yesterday after FAA confirmed that it will conduct many flight maneuvers and emergency procedures on the ill-fated Boeing 737 MAX.
The U.S. stock market made positive moves after major correction last week. Airline stocks lead the way as the U.S. Federal Aviation Administration starts a three-day compliance test for Boeing’s 737 Max.
Due to the COVID-19 pandemic experts believe that Tesla Q2 results will be pure than in the first quarter. However, today TSLA stock is slightly up.
The new F-150 truck in both pure diesel and hybrid versions can be considered to be another booster for Ford stock. F stock was up yesterday and is in the green today in the pre-market.
Amazon.com Inc is finalizing its acquisition deal with robotic car company Zoox. The acquisition that is projected to be worth $1 billion is Amazon’s debut into car manufacturing. AMZN stock is up.
Virgin Galactic (SPCE) stock continues growing as the company is getting closer to the commercial spaceflights. Now they are conducting gliding tests to gather data about systems and performance.
Following the low rating of Tesla vehicles, TSLA stock fell. On June 24, it closed at $960.85 and dropped to $954.27 at the opening today.
Tesla has promised, among many other things, to create 5,000 jobs for the Texas county of Travis, as it proposes to build a new factory there. TSLA stock is down today.
As a way to extend its lead in the automobile manufacturing world, Daimler A.G Mercedes-Benz entered into a partnership with Nvidia Corporation to develop software that will power the next generation of cars.
Virgin Galactic signed an agreement with NASA that will allow the space tourism venture to train astronauts for trips to the International Space Station. SPCE stock price is rising.