Markets

Tesla’s market value is now more than Ford and GM combined

Tesla gained nearly 5% on Wednesday, bringing its market capitalisation to roughly $US89 billion at the end of trading. That’s about $US2 billion higher than the combined market values of Ford and General Motors at the same time. Earlier this week, Tesla officially became the highest-valued automaker of all time, […]
Tesla’s market value is now more than Ford and GM combined
Markets

Uber’s market value slips below GM’s for the first time since its IPO

Shares of Uber traded as much as 3.7% lower on Friday, sending the company’s market value sliding below General Motor’s for the first time since its initial public offering. The ride-hailing giant’s market value sat at $US52.3 billion on Friday afternoon, compared to General Motor’s $US53.1 billion. Uber’s stock has […]
Uber’s market value slips below GM’s for the first time since its IPO
Markets

Trump’s tariffs will have a ‘twofold effect’ on General Motors

Trump’s tariffs pose risks on both sides of General Motors’ supply chain, according to Cox Automotive economist Charlie Chesbrough. The cost increases that GM passes onto consumers will lower demand for its cars. Those cost increases that aren’t passed onto consumers will impact GM’s bottom line. President Donald Trump’s tariffs […]
Trump’s tariffs will have a ‘twofold effect’ on General Motors
Markets

Cadillac could be the next Tesla if General Motors markets it right

General Motors could brand its Cadillac as the next Tesla given the right marketing ploy, Adam Jonas of Morgan Stanley said. The automotive company is undervalued because investors have not properly gauged the potential of Cadillac. The luxury vehicle’s biggest market is China, representing an upside for General Motors’ stock. […]
Cadillac could be the next Tesla if General Motors markets it right