Automakers, airlines, ride-hailing, logistics, shipping, electric vehicles, and the transportation economy.
Alphabet’s Waymo is stepping back from Uber’s app in Phoenix, a move that rattled Uber shares, but analysts are pointing to Uber’s current cash generation, its Uber One membership base, and other autonomous partnerships as potential offsets.
THE APEX TIMES
THE APEX TIMES
A slower growth pace in the U.S. labor market in June kept investors cautious, while select corporate-linked exposures to cryptocurrencies helped drive sharp gains in a few large holdings, including Strategy.
THE APEX TIMES
Rivian raised its annual delivery forecast on demand strength, while Ford reported a double-digit decline in U.S. sales for the second quarter, highlighting diverging momentum across the auto sector’s shift to electric and hybrid vehicles.
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A level-trading milestone and rising retail order flow in the minutes leading into the close suggest momentum could be building, according to Vanda analytics cited by Yahoo Finance.
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A U.S. probe into Tesla vehicles affecting about 695,000 cars was reported to be closed, removing a prominent regulatory overhang for the automaker.
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A new stock-focused analysis argues Uber’s partnerships around self-driving technology could broaden its long-term opportunity beyond ride-hailing, even as debt, labor challenges and geopolitical disruptions remain major watch items for shareholders.
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Even as investors digested a surprise jobs update and falling oil prices, weakness spread through chip and AI infrastructure names. Tesla slid despite reports of strong second-quarter deliveries, while the Dow pushed higher.
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Tesla reported second-quarter vehicle deliveries of 480,126 and production of 451,758, topping Wall Street expectations and marking a potential turning point after a period of delivery weakness.
THE APEX TIMES
A softer-than-expected June jobs report pressured investor sentiment as major indexes traded mixed late in the day. Tesla, meanwhile, reported second-quarter deliveries of 480,126 vehicles, up 25% year over year.
