Disclaimer: The contents are for general opinions and do not constitute any investment advice. All remarks are solely for your information purpose and should be treated as education only. Trading and investment involving monetary fund carry RISK.
Chrysler Takes Aim at Tesla, Wants All-EV Lineup by 2028 -- Barrons.com
More traditional auto makers are taking aim at Tesla and going after a piece of the growing electric-vehicle pie.
Stellantis (ticker: STLA) brand Chrysler unveiled a self-driving concept EV at the Consumer Electronics Show in Las Vegas. The new car is just the start for the former member of the Detroit-three group of auto makers. Chrysler wants to sell only electric vehicles by 2028.
The Chrysler Airflow is an all-electric sedan that will house Stellantis' most advanced vehicle technologies. An Airflow, for instance, will be equipped with level three autonomous driving capabilities. That means drivers can safely stop paying attention to the road under certain, limited circumstances. Today's autonomous driving features are classified as level two. That means cars can do a lot for drivers such as manage speed and even change lanes, but drivers still need eyes on the road 100% of the time.
In addition to self-driving technologies, an Airflow will include STLA SmartCockpit, which personalizes the driving experience, connecting work and home devices for a user. Per charge range is targeted at 350 to 400 miles. Pricing isn't available yet.
"The Chrysler Airflow Concept represents the start of the brand's journey toward a fully electrified future," said Ralph Gilles, chief design officer at Stellantis, in a company news release.
The Airflow will be Chrysler's first all-electric vehicle and is due to hit roads in 2025. Chrysler plans to be an all-electric producer by 2028.
Chrysler is one brand inside of Stellantis, along with Fiat and Peugeot. Stellantis wants 70% of its new cars sold in Europe to be all-electric by 2030, along with 40% of its new cars sold in the U.S. Those EV goals are similar to other auto makers such as General Motors (GM) and Ford Motor (F).
At that level of penetration, EV volumes in the U.S. and Europe should reach roughly 20 million units annually, up 10-fold from 2021.
Today, Tesla (TSLA) has roughly 70% market share of EV sales in the U.S. and 20% share in Europe. (There are many more EV models being sold in Europe than the U.S.). One big question for investors to figure out, amid all the EV announcements from traditional auto makers, is which companies will get some of that share from the EV leader. And, of course, how much share Tesla will retain.
Some of the most bullish estimates on Wall Street have Tesla making roughly 20% of all EVs around the globe by the end of the decade.
Concept car announcements don't typically move auto maker shares. That seems to be the case Wednesday. Stellantis stock was down about 1% in premarket trading after rising 3.8% Tuesday. S&P 500 and Dow Jones Industrial Average futures were flat.
Gol d prices traded higher as Dollar softened last week. This week, we reckon the resistance will emerge at USD1900 /oz area. Overall range will be contained from USD1840 – USD1900 /oz while traders will focus on Dollar strength and stimulus from U.S. Federal Reserve to lead the Gold trend. Caution is reminded in case of unexpected trend emerging in market. WTI Crude prices climbed higher from USD46.00 /barrel to USD49.00 /barrel last week. Oil prices rose from weaker Dollar trend but still encountered strong resistance now. This week, we project the range will be contained from USD48.00 – USD51.00 /barrel if Dollar continues to stay at low side. However, we also expect the market activity to reduce towards Christmas season. Silver prices broke above USD24.80 /oz level but limited at USD26.00 /oz resistance now. While Silver is still a follower to yellow metal currently, we expect the market to be smaller in price movement in December. This week, overall range is projected to be f
Markets are off to a rough start in 2022. The $S&P 500 index(.SPX.US)$ ended the week with a loss of 1.9%, while the $Dow Jones Industrial Average(.DJI.US)$ has lost 0.3%. The tech-heavy $Nasdaq Composite Index(.IXIC.US)$ fell 4.5%, its worst week since February. And the turbulence hasn't been limited to the stock market: The yield on the 10-year Treasury note jumped for five consecutive sessions to its highest level since January 2020, before the pandemic started spreading aggressively through the U.S. The week has been marked by big swings across stock and bond markets as investors have fled some of the most popular trades of the past year and parsed signals from the Federal Reserve on the path of rate hikes. As bond prices have fallen and Treasury yields have jumped, investors have ditched shares of technology and growth companies, particularly some of the most speculative bets in those sectors. The S&P 500 kicked off the new year with a fresh record on Monday bu
After a rough and volatile year in 2021, we have finally arrived at the January month of Y2022. With the crunching effect of Coronavirus and turning into Omicron now, the world is still wondering how many more folds of mutation will surface before the human reaches the end of this dark tunnel. In Y2022, we foresee there could be more volatility in market and the global economics will face more shortage in liquidity after the pandemic stimuli end in April for both U.S. and Europe. Literally, here are few things we need to look out for this year in order to protect your investment monies safely: 1) Tapering Exercise - The U.S. FED policymakers have made known openly many times in Q4 2021 on their intention to shave the balance sheet of USD8.3 Trillion from Government's budget deficit. This will be done in Y2022 but yet to mention the dates. In our opinion, there will be most probably 2 rate hikes this year in order to trigger a tapering program. Though some traders expect 3 rate hi