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.
The U.S. stimulus worth USD1.9 Trillion has been approved by the House and waiting to be signed into law by President Biden. Target timeline to complete the signatory on the dotted line is today, 14 March 2021. That also means President Biden has to execute his pen power in order to continue the issuance of unemployment benefits to low-income Americans after the expiry date. Last week, Dow Jones market clocked the historical fresh high again on Wednesday when it closed at 32,297 points. The worries on inflation pressure as an eye-washer to long traders have become a bear-trap. Sometime back, we have mentioned in this snippet on the ironical sarcasm of inflation in U.S. economy while so many Americans are cash-strapped due to loss of jobs. Since we are expecting the U.S. stimulus to be rolled out in March, the expanse of this public fund will be able to last for estimate 5-6 months. Practically, we expect the inflation will build up at strongest level sometime in mid-April to end
CALGARY, AB , Nov. 11, 2021 /PRNewswire/ - Sundial Growers (Nasdaq: SNDL) ("Sundial" or the "Company") announced today that that its Board of Directors (the "Board") has approved a new share repurchase program (the "Share Repurchase Program") which authorizes the Company to repurchase up to C$100 million (the "Share Repurchase Amount") of its outstanding common shares ("shares") from time to time at prevailing market prices, enabling Sundial to opportunistically return value to shareholders. Pursuant to the Share Repurchase Program, Sundial may purchase shares from time to time at the discretion of management through open market purchases, privately negotiated transactions, block trades, derivatives, accelerated or other structured share repurchase programs, or other means. The manner, timing, pricing and amount of any transactions will be subject to the discretion of Sundial and may be based upon market conditions,
Hello everyone. It’s a bit late to do analysis for trading today. Here is my analysis support and resistant guide for your. FUTU support level is 123 now. Please take note. It must close above 126, then, you can continue to hold. Otherwise, your sell some profit first. To average down your cost. Once the price breakdown 123, will look for the support at 116. If the price breakup 126 and we can continue to hold. I will give your future resistant. TESLA for short trade, it went to above 600 and drop again. It still look’s good. If not breakdown to 550 again. We still look for TESLA sideway between 550~600 for the next 3 to 5 trading days. APPLE, no matter how still at the normal price range movement. Support at 122, resistant at 128. I dont think it breakdown 120 yet. Still can hold for long term. NIO looks went to 34.9 and drop again. If it hit 32 and not breakdown, it can hold for long term. It look’s good for NIO. Dont need to worry too much. Anyway, market movement we cant predic