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mariacallous · 2 years ago

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For now, Alex Lagetko is holding on to his Tesla stocks. The founder of hedge fund VSO Capital Management in New York, Lagetko says his stake in the company was worth $46 million in November 2021, when shares in the electric carmaker peaked at $415.

Since then, they have plunged 72 percent, as investors worry about waning demand, falling production and price cuts in China, labor shortages in Europe, and, of course, the long-term impact of CEO Elon Musk’s $44 billion acquisition of Twitter. After announcing his plans to buy the platform in April, Musk financed his acquisition with $13 billion in loans and $33 billion in cash, roughly $23 billion of which was raised by selling shares in Tesla.

“Many investors, particularly retail, who invested disproportionately large sums of their wealth largely on the basis of trust in Musk over many years were very quickly burned in the months following the acquisition,” Lagetko says, “particularly in December as he sold more stock, presumably to fund losses at Twitter.”

Lagetko is worried that the leveraged buyout of Twitter has left Tesla exposed, as interest payments on the debt Musk took on to fund the takeover come due at the same time as the social media company’s revenues have slumped.

But Tesla stock was already falling in April 2022, when Musk launched his bid for Twitter, and analysts say that the carmaker’s challenges run deeper than its exposure to the struggling social media platform. Tesla and its CEO have alienated its core customers while its limited designs and high prices make it vulnerable to competition from legacy automakers, who have rushed into the EV market with options that Musk’s company will struggle to match.

Prior to 2020, Tesla was essentially “playing against a B team in a soccer match,” says Matthias Schmidt, an independent analyst in Berlin who tracks electric car sales in Europe. But that changed in 2020, as “the opposition started rolling out some of their A squad players.”

In 2023, Tesla is due to release its long-awaited Cybertruck, a blocky, angular SUV first announced in 2019. It is the first new launch of a consumer vehicle by the company since 2020. A promised two-seater sports car is still years away, and the Models S, X, Y, and 3, once seen as space-age dynamos, are now “long in the tooth,” says Mark Barrott, an automotive analyst at consultancy Plante Moran. Most auto companies refresh their looks every three to five years—Tesla’s Model S is now more than 10 years old.

By contrast, this year Ford plans to boost production of both its F-150 Lighting EV pick-up, already sold out for 2023, and its Mustang Mach-E SUV. Offerings from Hyundai IONIQ 5 and Kia EV6 could threaten Tesla’s Model Y and Model 3 in the $45,000 to $65,000 range. General Motors plans to speed up production and cut costs for a range of EV models, including the Chevy Blazer EV, the Chevy Equinox, the Cadillac Lyric, and the GMC Sierra EV.

While Tesla’s designs may be eye-catching, their high prices mean that they’re now often competing with luxury brands.

“There is this kind of nice Bauhaus simplicity to Tesla’s design, but it’s not luxurious,” says David Welch, author of Charging Ahead: GM, Mary Barra, and the Reinvention of an American Icon. “And for people to pay $70,000 to $100,000 for a car, if you’re competing suddenly with an electric Mercedes or BMW, or a Cadillac that finally actually feels like something that should bear the Cadillac name, you’re going to give people something to think about.”

While few manufacturers can compete with Tesla on performance and software (the Tesla Model S goes to 60 mph in 1.99 seconds, reaches a 200-mph top speed, and boasts automatic lane changing and a 17-inch touchscreen for console-grade gaming), many have reached or are approaching a range of 300 miles (480 km), which is the most important consideration for many EV buyers, says Craig Lawrence, a partner and cofounder at the investment group Energy Transition Ventures.

One of Tesla’s main competitive advantages has been its supercharging network. With more than 40,000 proprietary DC fast chargers located on major thoroughfares near shopping centers, coffee shops, and gas stations, their global infrastructure is the largest in the world. Chargers are integrated with the cars’ Autobidder optimization & dispatch software, and, most importantly, they work quickly and reliably, giving a car up to 322 miles of range in 15 minutes. The network contributes to about 12 percent of Tesla sales globally.

“The single biggest hurdle for most people asking ‘Do I go EV or not,’ is how do I refuel it and where,” says Loren McDonald, CEO and lead analyst for the consultancy EVAdoption. “Tesla figured that out early on and made it half of the value proposition.”

But new requirements for funding under public charging infrastructure programs in the US may erode Tesla’s proprietary charging advantage. The US National Electric Vehicle Infrastructure Program will allocate $7.5 billion to fund the development of some 500,000 electric vehicle chargers, but to access funds to build new stations, Tesla will have to open up its network to competitors by including four CCC chargers.

“Unless Tesla opens up their network to different charging standards, they will not get any of that volume,” Barrott says. “And Tesla doesn’t like that.”

In a few years, the US public charging infrastructure may start to look more like Europe’s, where in many countries the Tesla Model 3 uses standard plugs, and Tesla has opened their Supercharging stations to non-Tesla vehicles.

Tesla does maintain a software edge over competitors, which have looked to third-party technology like Apple’s CarPlay to fill the gap, says Alex Pischalnikov, an auto analyst and principal at the consulting firm Arthur D. Little. With over-the-air updates, Tesla can send new lines of code over cellular networks to resolve mechanical problems and safety features, update console entertainment options, and surprise drivers with new features, such as heated rear seats and the recently released full self-driving beta, available for $15,000. These software updates are also a cash machine for Tesla. But full self-driving features aren’t quite as promised, since drivers still have to remain in effective control of the vehicle, limiting the value of the system.

A Plante Moran analysis shared with WIRED shows Tesla’s share of the North American EV market declining from 70 percent in 2022 to just 31 percent by 2025, as total EV production grows from 777,000 to 2.87 million units.

In Europe, Tesla’s decline is already underway. Schmidt says data from the first 11 months of 2022 shows sales by volume of Volkswagen’s modular electric drive matrix (MEB) vehicles outpaced Tesla’s Model Y and Model 3 by more than 20 percent. His projections show Tesla’s product lines finishing the year with 15 percent of the western European electric vehicle market, down from 33 percent in 2019.

The European Union has proposed legislation to reduce carbon emissions from new cars and vans by 100 percent by 2035, which is likely to bring more competition from European carmakers into the market.

There is also a growing sense that Musk’s behavior since taking over Twitter has made a challenging situation for Tesla even worse.

Over the past year, Musk has used Twitter to call for the prosecution of former director of the US National Institute of Allergy and Infectious Diseases Anthony Fauci (“My pronouns are Prosecute/Fauci”), take swings at US senator from Vermont Bernie Sanders over government spending and inflation, and placed himself at the center of the free speech debate. He’s lashed out at critics, challenging, among other things, the size of their testicles.

A November analysis of the top 100 global brands by the New York–based consultancy Interbrand estimated Tesla’s brand value in 2022 at $48 billion, up 32 percent from 2021 but well short of its 183 percent growth between 2020 and 2021. The report, based on qualitative data from 1,000 industry consultants and sentiment analysis of published sources, showed brand strength declining, particularly in “trust, distinctiveness and an understanding of the needs of their customers.”

“I think [Musk’s] core is rapidly moving away from him, and people are just starting to say, ‘I don’t like the smell of Tesla; I don’t want to be associated with that,’” says Daniel Binns, global chief growth officer at Interbrand.

Among them are once-loyal customers. Alan Saldich, a semi-retired tech CMO who lives in Idaho, put a deposit down on a Model S in 2011, before the cars were even on the road, after seeing a bodiless chassis in a Menlo Park showroom. His car, delivered in 2012, was number 2799, one of the first 3,000 made.

He benefited from the company’s good, if idiosyncratic, customer service. When, on Christmas morning 2012, the car wouldn’t start, he emailed Musk directly seeking a remedy. Musk responded just 24 minutes later: “...Will see if we can diagnose and fix remotely. Sorry about this. Hope you otherwise have a good Christmas.”

On New Year’s Day, Joost de Vries, then vice president of worldwide service at Tesla, and an assistant showed up at Saldich’s house with a trailer, loaded the car onto a flatbed, and hauled it to Tesla’s plant in Fremont, California, to be repaired. Saldich and his family later even got a tour of the factory. But since then, he’s cooled on the company. In 2019, he sold his Model S, and now drives a Mini Electric. He’s irritated in particular, he says, by Musk’s verbal attacks on government programs and regulation, particularly as Tesla has benefited from states and federal EV tax credits.

“Personally, I probably wouldn’t buy another Tesla,” he says. “A, because there’s so many alternatives and B, I just don’t like [Musk] anymore.”

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x431euinfo · 3 months ago

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Ford V50.10 Update for Launch X431 Pad and Pro Series

Ford V50.10 newest update for Launch X431 Pad VII, X431 PAD V, Pad IX and Pro series items is released in Aug. 2024.

Newly add Ford active test and special function till 2024 year Ford models. And X431 Pad VII 2 year update service is on sale 790EUR limited quantity card.

Here is the Ford V50.10 Software Update info:

Car List:

Lincoln Aviator 2020-2023 Bronco 2024 Adventurer 2020-2024 Mondeo/EVOS 2021-2024 Edge 2023 Escape/Edge 2020-2024 Everest 2018-2024 Explorer 2020-2024 F-150 2021-2024 Focus 2018-2024 Mustang Mach-E 2021-2023 Navigator 2024 Ranger 2021-2024

Function List: Vehicle data stream, active test and special functions 1. Programmable module installation 2. Power balance 3. Relative compression 4. Cooling system filling and bleeding 5. Enable engine sound enhancement and active noise control 6. Enable the central display engine hood release soft button 7. Engine number configuration 8. Enhanced external lighting calibration 9. HCM calibration 10. Power battery capacity relearning 11 High voltage system power off 12. Power battery capacity check 13. PCM (powertrain control module) misfire monitoring configuration file correction learning (crankshaft position learning) 14. Rear parking assist camera calibration 15. Audio system tone test 16. Reset supplementary protocol interface module 17. Reset the outside air temperature sensor learning value 18. Reset TCU (information and communication control unit) module backup battery monitoring system 19. Left obstacle detection control module (SO DL) alignment 20. Right obstacle detection control module (SODR) Alignment 21. Speaker Audio Test 22. Disable Transport and Factory mode

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elliotwznt269-blog · 4 years ago

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Various other variations are single-motor rear-wheel drive, or tri-motor with one front as well as 2 rear electric motors. In mid-2019, the pulling capacity of the lorry was specified to meet or surpass that of a Ford F-150. In June 2019, Musk kept in mind that an amphibious car design principle-- based partially on Wet Nellie, the submarine vehicle from the film The Spy That Loved Me-- was possible. Musk had actually purchased a Damp Nellie utilized in the filming at a 2013 Sotheby's auction. In 2012 and 2013 Elon Musk talked about the desire to build an associate load-compensating suspension, making contrasts with a Ford F-250. In early-2014 Musk anticipated 4-- 5 years before job can begin on the item. The base rate of the rear-wheel drive version of the lorry was revealed to be US$ 39,900, with four-wheel drive designs starting at US$ 49,900.

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"Sir, this will certainly not be some a pretty little buttercup of a vehicle! Vehicle driver's seat will allow enough to fit André the titan"-- through Twitter. UNITED STATE sales of full-size pick-ups, the globe's key market for such lorries, surpasses 2 million devices each year, and volume leaders Ford, GM and also FiatChrysler's Ram fight to keep buyer commitment and also boasting civil liberties in a space where typical costs come close to $50,000. "Cybertruck layout affected partially by The Spy That Loved Me"-- using Twitter. The Cybertruck introduction occasion was covered heavily by conventional media and online blogs/social media. In social networks, numerous analysts expressed disapproval of the sharp contours as well as unusual outside of the Cybertruck. Comparable to various other Tesla versions, the Cybertruck can be pre-ordered with Complete Self-Driving software program upgrade, including an additional US$ 8,000 to the price of the setup. The powertrain resembles the Version S/X, with an inductive back motor and the Version 3's permanent-magnet motor ahead for the tool version.

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In the USA, the overall addressable market for full-sized pickup trucks is over two million lorries each year.

" possibly makes good sense to develop off the pickup truck framework"-- using Twitter.

Since late September 2020, over 1.2 million Cybertrucks have been preordered according to a Cybertruck tracking spreadsheet based on self-reporting buyer inputs.

It has been argued that the Cybertruck will be able to benefit from the Tesla Network of shared lorries to create an income stream, if the last were to appear in United States as well as worldwide.

With the Model 3, a future small SUV and a new kind of pickup, we plan to attend to the majority of the consumer market.

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5hit-i-l00k-at · 6 years ago

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2020 Ford F-150 Limited Release Date, Redesign, Price

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2020 Ford F-150 Limited Release Date, Redesign, Price

2020 Ford F-150 Limited Release Date, Redesign, Price – When the right time of a new Ford F-150 in 2020 drops inside the average span of time, the new Super Duty supposed to get there for 2019 will come as far more of a big surprise. The present Super Duty models like the F-250 and F-350 have been all-new for the 2016 model year, and thus if the company intends to disclose a new edition in 2019, the existing age group can have only managed for 2 model several years. That appears hugely less likely, due to the fact the previous two years of the Super Duty have every survived 9 model many years. Regardless of the proven fact that by the by in the creating, this van will verifiably make an outstanding initially physical appearance on assuaging. What is a lot more, entice a ton of buyers, particularly in the U. S. Business. Some redesigns are generally manufactured in connection using its antecedent, substantially relating to putting together new development supply. Far more eyesight-getting outside expertise, not failing to remember a robust and persuasive drivetrain under the hood.

2020 Ford F-150 Limited Redesign

As well as the highly effective turbo 6, the 2020 Ford F-150 Limited gets an aesthetic upgrade in the kind of a real-two exhaust installation with shops included easily into the rear fender. Usually, it is the predicted Limited fare, with 22-inches tires, a silk-completed grille and tailgate applique, and silk stainless windowpane trims. Within, the Limited becomes Camel Rear two-strengthen leather material furniture on the seating, dash panel, and doorway solar panels. Palm-done ash wooden clip adorns the interior, and there is a laser beam-imprinted oral plaque on the heart unit armrest with the truck’s serial amount. The Limited is also jam-packed to the gills, with warmed up, ventilated, and kneading front side seating; warmed up rear chairs; a panoramic moonroof; and energy jogging panels. The imminent 2020 Ford F-150 Limited Review is the very first company s one-half breed of dog pickup vehicle. The F agreement developed substantial good results and continuously is the very best advertising pickup truck in America for exceptionally practically 40 yrs. Currently, the producer trusts it might be the best potential for a husband and wife of impending spending, especially in fifty per cent dog breed existing development. Passing guaranteed they may make a go across the particular breed of dog prospective-workout, with spectacular aptitudes and displays.

Powerful proclamation! Considering that Ford bears incredible notoriety for development, we could with little of a expand measure the new 2020 Ford F-150 Hybrid will likely be an enormous accomplishment. This is just a solitary out of 13 electric powered, and fifty per cent dog breed describes that Ford promises to dispatch by 2020. A great deal of precious metal represents the interior of the 2020 Ford F-150 Limited Review upholster in the dashboard, controls, and gearbox. The two-entranceway cabin is fitness but still present-day and may allow for as significantly as several voyagers splendidly. To show indicators of enhancement expertise, new includes continue being set up along with as much as time technical advancement. Some examples are a High-definition display screen show, Google describes and course assists, a Los Angeles method speakers, a satellite FM radio station, Wi-fi Wireless Bluetooth, Common serial transfer and Wi-Fi hotspot organisation features. Well-being features such as extravagance voyage manage, auto vehicle parking devices, route altering notifiers, protection sacks, rearview digicam and an options strategy might be produced rapidly accessible.

2020 Ford F-150 Limited Engine Specs

With the 2018 Ford F-150 Diesel possessing forced the borders of gasoline-productivity in a pickup vehicle as soon as this year, we do not count on the bounce for the Hybrid variant’s productivity to get unimportant. We could even view it bust 6 L/100km. Although energy and torque are the main worries for pickup truck car owners, we’d prefer to deliver tidings of excellent news – hybrid powertrains and electrified engine elements are efficient at spitting out very low-stop torque. We assume the torque stats for the 2020 Ford F-150 Hybrid to get 400 lb-feet. Or increased. We all know motorists are not likely to purchase into something that cannot create reliable 300 lb-feet. Amounts, so our precise estimation is that torque will drop in the 350 – 420 lb-feet. Range. As an additional benefit, getting a considerable hybrid battery power aboard need to try to reduce the F-150 Hybrid’s middle of gravitational pressure (enhancing dealing with) and really should also let you connect greater-voltage electrics via a wall socket which we have zero concerns will likely be incorporated on the model.

2020 Ford F-150 Limited Release Date and Price

The most current 2020 Ford F-150 Limited is awaited finding yourself in the area towards the start of 2020. Well before the accomplish of the summer season. By utilising an intriguing idea from the pickup van and likewise a starting price of about $50,000. It is worthy of on account of the freshly released illustrates.

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levaduraa · 6 years ago

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2020 Ford F-150 Limited Release Date, Redesign, Price

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2020 Ford F-150 Limited Release Date, Redesign, Price

2020 Ford F-150 Limited Redesign

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2020 Ford F-150 Limited Release Date and Price

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levantine-chant · 6 years ago

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2020 Ford F-150 Limited Release Date, Redesign, Price

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2020 Ford F-150 Limited Release Date, Redesign, Price

2020 Ford F-150 Limited Redesign

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2020 Ford F-150 Limited Release Date and Price

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candello · 6 years ago

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2020 Ford F-150 Limited Release Date, Redesign, Price

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2020 Ford F-150 Limited Release Date, Redesign, Price

2020 Ford F-150 Limited Redesign

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2020 Ford F-150 Limited Release Date and Price

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iratefate · 6 years ago

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2020 Ford F-150 Limited Release Date, Redesign, Price

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2020 Ford F-150 Limited Release Date, Redesign, Price

2020 Ford F-150 Limited Redesign

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2020 Ford F-150 Limited Release Date and Price

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levalongorianakedq · 6 years ago

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2020 Ford F-150 Limited Release Date, Redesign, Price

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mrgoodbar25-blog · 6 years ago

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2020 Ford F-150 Limited Release Date, Redesign, Price

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levadosladob · 6 years ago

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2020 Ford F-150 Limited Release Date, Redesign, Price

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marionebugarin · 6 years ago

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2020 Ford F-150 Limited Release Date, Redesign, Price

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2020 Ford F-150 Limited Release Date, Redesign, Price

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ericvick · 3 years ago

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Stock Market Rally Pauses Near Highs Amid Earnings From Apple, Microsoft, Tesla, Amazon, Google, Facebook

The stock market rally dipped from record highs, amid earnings from Apple (AAPL), Microsoft (MSFT), Google parent Alphabet (GOOGL), Facebook (FB), Amazon.com (AMZN), Tesla (TSLA) and hundreds more. The Nasdaq retreated Friday as Amazon (AMZN) sales woes and slumping Pinterest (PINS) users weighed on techs. The Federal Reserve is not ready to begin discussing scaling asset purchases.

Stock Market Rally Holds Near Highs

The Dow Jones and S&P 500 declined 0.4% for the week, while the Nasdaq fell 1.1%, after all hit record highs during the week. The small-cap Russell 2000 rose modestly, still below its 50-day line, reflecting improving but still lackluster market breadth. Still, a number of leading stocks flashed buy signals, including some steel and housing plays. Treasury yields extended their weekly losing streak.

Google Earnings Surge

Google-parent Alphabet (GOOGL) reported earnings of $27.26 per share, up 169%, including gains on equity investments. Gross revenue, which excludes traffic acquisition costs, jumped 62% to $61.88 billion. Analysts had estimated Google EPS of $19.24 per share on gross revenue of $56.29 billion. Net revenue came in at $50.95 billion vs. estimates of $46.19 billion. Alphabet repurchased $12.8 billion of its GOOGL stock, versus $11.4 billion in Q1 and $6.8 billion in Q2 2020. Cloud-computing revenue rose 53% to $4.63 billion vs. estimates of $4.5 billion. YouTube advertising revenue popped 84% to $7.01 billion.

Apple Rides iPhone Supercycle

Apple (AAPL) crushed Wall Street’s targets for its fiscal third quarter as iPhone revenue soared 50% to $39.6 billion. Earnings per share doubled as total revenue grew 36% to $81.4 billion. Analysts say the iPhone is enjoying a supercycle of purchases related to the 5G wireless transition. Apple did not give sales and earnings guidance for the September quarter, citing continued uncertainties related to the Covid-19 pandemic. However, executives said they expect supply constraints to impact iPhone and iPad sales in the current quarter. Apple stock fell modestly from record highs.

Market Rally Shows Quiet Strength; Amazon Lessons For 3 Key Stocks

Microsoft Growth Accelerates

Microsoft (MSFT) earnings rose 49% vs. a year earlier, the fourth straight quarter of accelerating growth. Fiscal Q4 revenue climbed 21% to $46.2 billion, with the pace picking up for a third straight quarter. Microsoft cited robust sales of its cloud computing services for its outperformance. Microsoft’s commercial cloud sales increased 36% year over year to $19.5 billion in the June quarter. Its cloud products include Azure infrastructure services and Office 365 productivity software. For the September quarter, Microsoft expects to generate sales of $43.75 billion, up 18% from the same period last year and topping views.

AMD, Qualcomm Jump On Earnings

Advanced Micro Devices (AMD) and Qualcomm (QCOM) jumped after delivering upbeat June-quarter earnings news. Other semiconductor stocks getting a lift from rosy reports included MaxLinear (MXL), Monolithic Power Systems (MPWR) and Power Integrations (POWI). However, wireless-chip makers Skyworks (SWKS) and Cirrus Logic (CRUS) dropped after their reports. Both cited supply constraints that limited their upside. Among semiconductor equipment stocks, KLA (KLAC) got the biggest boost from June-quarter earnings news.

Fed Tiptoes Toward Taper

The Federal Reserve took a baby step toward tapering asset purchases, but stopped short of official taper talk. That managed to burnish the Fed’s inflation-fighting credibility, which looked to be in jeopardy until recently. Yet the hint of hawkishness, rather than troubling Wall Street, is actually helping to keep monetary policy super-accommodative. Since the June 16 meeting, when the Fed first began to demonstrate that it won’t let a persistent rise in inflation go unchecked, the 10-year Treasury yield has fallen from 1.57% to 1.24%. Another key is that investors are no longer bracing for a big inflation overshoot.

Q2 GDP rose at a 6.5% annual rate, missing views, though that was in part due to a big drop in inventories amid supply chain issues. Weekly new jobless claims remain elevated, continuing to hold around 400,000.

China Stocks On Roller-Coaster

China EV stocks and Chinese stocks broadly went on a roller-coaster ride as the country alternated between cracking down on a variety of industries and soothing investors spooked by its fresh crackdown. On Wednesday, Beijing summoned several firms, including Alibaba (BABA), Tencent (TCEHY) and TikTok-owner ByteDance, over data security issues, including the export of key information. Then U.S. securities officials temporarily stopped processing Chinese IPO registrations, reports said. New IPO and ride-hailing giant Didi Global (DIDI) denied a report that it could go private to appease Beijing.

Shopify Beats, But Volume Growth Slows

Shopify (SHOP) Q2 earnings jumped 113% to $2.24 per share on an adjusted basis, including gains on equity investments, defying views for a decline to 97 cents. Revenue jumped 57% to $1.12 billion vs. estimates of $1.04 billion. Gross merchandise volume from merchant customers rose 40% to $42.2 billion, above estimates but slowing from 114% in Q1 and 99% in Q4 2020. The e-commerce software firm added 85,000 net merchants in Q2 vs. 145,000 in the March quarter. The company said merchant solutions revenue climbed 52% to $785 million. SHOP stock fell solidly.

PayPal Falls On EBay Impact

PayPal (PYPL) just missed Q2 revenue estimates as former parent eBay (EBAY) switches to another payment processor. PayPal also guided low on Q3 revenue. EBay, which spun off PayPal in 2015, is shifting its payment processing to Netherlands-based Adyen. PayPal earnings climbed 7%, narrowly beating. PayPal said revenue rose 17% to $6.24 billion. Total payment volume processed from merchant customers jumped 40% to $311 billion vs. estimates of $295.2 billion. PayPal stock fell sharply.

Facebook Falls, Pinterest Crashes On User Growth

Facebook earnings jumped 101% and revenue 56%, both showing yet another quarter of accelerating growth. But the social giant cast some doubt on growth in the second half due to Covid-19 uncertainties. Shares fell on results after hitting a record high earlier in the week. Pinterest soundly beat EPS and revenue targets, but user growth fell way short. Consumer behavior that boosted Pinterest during the pandemic — staying at home, spending time on social media — has started to fade, and some users are bailing from the platform.

Amazon Revenue Misses

Amazon (AMZN) earnings rose 47%, topping forecasts. But revenue grew 27%, missing views. The e-commerce giant guided low on Q3 sales as well, as consumer spending shifts with the pandemic waning. Amazon stock tumbled Friday.

Tesla Beats Views, Delays Semi

Tesla earnings shot up 230%, well above views, as revenue nearly doubled to $11.96 billion, also beating. Revenue from regulatory credits came in at $354 million, down 17% vs. a year earlier and 32% from Q1. CEO Elon Musk warned chip shortages remain “quite serious.” Tesla (TSLA) also said the Semi big-rig truck has been pushed to 2022. And the Cybertruck may not start production until next year. Tesla also signaled that the 4680 battery cells are still a ways off from mass production. Musk tweeted Thursday night that Tesla will hold an AI Day on Aug. 19.

Tesla stock had a muted reaction after earnings, but jumped late in the week, flashing an aggressive entry.

Mastercard, Visa Earnings Top Views

Mastercard (MA) reported 43% EPS growth as revenue rose 36% to $4.53 billion, both beating Q2 views comfortably. Meanwhile, Visa (V) reported Q3 EPS climbed 41% with revenue up 27% to $5.86 billion. Both card-payment companies said incentives are rising. Mastercard and Visa fell slightly for the week.

Ford Delivers Surprise Profit

Ford Motor (F) delivered a surprise profit for the second quarter, as strong vehicle demand offset headwinds from the global chip shortage. Sales jumped 38%. The auto giant also raised earnings and cash flow outlook, citing strong orders and an improving supply of chips in part. The upcoming F-150 Lightning, Ford’s hotly anticipated first electric truck, now has more than 120,000 orders, up around 20% from June. Volkswagen (VWAGY) posted record first-half earnings but lowered its delivery forecast for 2021.

Software Earnings

Atlassian (TEAM) earnings edged lower vs. a year earlier but beat fiscal Q4 views while revenue rose 30% to $560 million. The collaboration software maker guided high on Q1 revenue and forecast higher-than-expected fiscal Q2 subscription revenue amid its transition to a cloud-computing business model.

Twilio (TWLO) lost 11 cents per share in Q2 vs. a 9-cent profit a year earlier as revenue jumped 67% to $669 million. Both beat views. Twilio guided higher on Q3 revenue but projected a wider loss than consensus.

ServiceNow (NOW) reported Q2 EPS rose 15% while revenue rose 32% to $1.41 billion, both modestly beating. For the current quarter, ServiceNow forecast subscription revenue of about $1.4 billion, just above views.

Boeing Earnings Return In Surprise

Boeing (BA) reported Q2 earnings of 40 cents per share up from a year-earlier loss of $4.79 a share and defying views for an 83-cent loss. Revenue jumped 44% to $17 billion, also beating expectations. The Dow Jones giant expects the remaining regulatory approvals for the 737 Max, including those from China, this year. CEO Dave Calhoun said he expects that the 737 Max backlog will continue to build, even with stronger deliveries in the second half of the year.

Defense Earnings Mixed

Lockheed Martin (LMT) slightly missed on earnings, with a big charge related to a classified aeronautics program. CFO Ken Possenriede said the development costs on the classified program will eventually lead to a production deal. The F-35 maker raised its full-year EPS view slightly. General Dynamics (GD) beat EPS views but sales fell short. Northrop Grumman (NOC) reported a 7% EPS gain that easily beat views, while also raising full-year guidance.

Drug Giants Report Earnings

Pfizer (PFE), Bristol Myers Squibb (BMY) and Merck (MRK) reported second-quarter earnings last week. Pfizer easily beat forecasts with EPS surging 73% and sales soaring 92% to $18.98 billion. The company also raised its full-year outlook as it expects $33.5 billion in sales of its Covid vaccine this year. Bristol Myers EPS grew 18% with sales up 16% to $11.7 billion, both topping views. Merck reports a 28% EPS gain, meeting views. Sales rose 22% to $11.4 billion, above estimates.

Medtech Leaders Beat

Medical technology companies Boston Scientific (BSX) and Stryker (SYK) easily topped second-quarter forecasts last week, with their stocks breaking out on results. Boston Scientific’s sales grew 54% to $3.08 billion and adjusted earnings surged 400%. Meanwhile, Stryker reported adjusted profit up 246% as revenue ran 55% higher to $4.29 billion in sales. The company also raised its full-year outlook. Edwards Lifesciences (EW) slightly topped quarterly views, with per-share profit jumping 88% as revenue rose 49% to $1.38 billion. Dexcom (DXCM) reported a 4% EPS decline as revenue grew 32% to $595.1 million. All four stocks rose for the week.

Medical Giants Clear Views

Thermo Fisher Scientific (TMO) topped second-quarter forecasts on Wednesday with adjusted profit growing 44% to $5.60 per share and $9.27 billion in sales, up 34%. Thermo Fisher also raised guidance. AbbVie (ABBV) narrowly beat Q2 views. Both traded around buy points.

Oil Majors Beat

Exxon Mobil (XOM) and Chevron (CVX) reported better-than-expected Q2 earnings as crude oil prices surged more than 20% during the second quarter. Chevron also will resume buybacks after suspending them in March 2020 when the pandemic sent oil prices crashing. Royal Dutch Shell (RDSA) beat estimates Thursday while also raising its dividend for the second consecutive quarter and approving a $2 billion buyback program. Independent producer Matador Resources (MTDR) also topped expectations. Exxon and Chevron fell Friday but rose slightly for the week.

Metal, Mining Earnings Strong

ArcelorMittal (MT) reported EPS of $3.46 a share, well above views. MT stock rose 8.9% so far this week to a record high. U.S. Steel (X) beat views as revenue more than doubled. Several other steel stocks broke out or flashed early entries. Rio Tinto (RIO) reported first-half profit leapt 156% with revenue up 71%. Copper-focused Teck Resources (TECK) reported a 271% EPS gain as sales soared 49%. Vale reported Q2 EPS surged 684%. Rio and Teck jumped back above their 50-day line, while Vale traded around record highs.

Toymakers Beat Estimates

Shares of Hasbro (HAS) and Mattel (MAT) shot higher after the toymakers reported results that beat expectations. Demand for “Magic: The Gathering” offerings helped Hasbro, as did a pickup in its entertainment and TV businesses amid loosening coronavirus restrictions. Mattel got a lift from growth in Barbie and Hot Wheels. Hasbro said it was on track to grow sales by double digits this year, while Mattel boosted its constant currency sales growth target. Spending on toys and games has increased to cure pandemic-induced boredom. But the companies face supply-chain constraints. Jakks Pacific (JAKK), another toymaker, also rose after reporting results that beat expectations.

Jet Engine Giants Beat

General Electric (GE) and Raytheon (RTX) beat Q2 views for the second quarter as the aviation market slowly recovers from the pandemic. GE swung to EPS of 5 cents as sales grew 9%. Raytheon more than doubled EPS as sales increased 11%. The companies also generated strong free cash flow and guided higher for the full year. While the market for jet engines is recovering, Raytheon CEO Greg Hayes doesn’t expect a return to pre-pandemic levels until 2024, mainly due to depressed international travel.

Restaurant Rebound Continues

McDonald’s (MCD) and Cheesecake Factory (CAKE) reported results that beat expectations, as the restaurant chains rebound from last year’s pandemic-era lows. Starbucks (SBUX) beat on profit and revenue, with same-store sales roughly in line with expectations. Wingstop (WING) results also beat. Restaurant Brands (QSR), parent of Tim Hortons, Popeyes and Burger King, reported EPS far above estimates.

News In Brief

Robinhood (HOOD) fell 8% in Thursday’s debut after the no-fee trading app sold 55 million shares at 38 a share, at the low end of its expected range, raising $2.1 billion.

Tilray (TLRY), a Canadian cannabis producer, jumped after reporting fiscal fourth-quarter sales that just missed estimates but better-than-expected earnings.

Backup power equipment maker Generac (GNRC) posted better-than-expected Q2 results. EPS leapt 71% to $2.39 a share, while sales climbed 68% to $900 million. Shares plunged Thursday morning, but slashed losses. Shares still fell solidly for the week after hitting record highs.

Upwork (UPWK), an online employment platform for freelancers, swung to a profit of 3 cents a share, beating views for a breakeven quarter, from a loss of 3 cents a share a year ago, as revenue grew 42% to $124.2 million, topping estimates for $120.2 million. Management also gave strong guidance.

Align Technology (ALGN) reported blowout profits while revenue leapt 117% to $1.02 billion. Shares spiked on earnings.

Caterpillar (CAT) earnings shot up 152% amid strong housing and commodity demand. Revenue for the heavy equipment giant climbed 29% to $12.9 billion. Both beat views.

Garmin (GRMN) surged after EPS leapt 85% as revenue ran up 53% to $1.33 billion. The maker of outdoor recreation, fitness and navigation devices also guided higher.

Spotify Technology (SPOT) added 7 million for new subscribers in the second quarter, matching views, but total monthly active users came up short. The streaming music leader ended Q2 with 165 million premium subscribers and reported 365 million total monthly active users.

Logitech (LOGI), a maker of PC and mobile device peripherals, trounced analyst estimates for its fiscal first quarter ended June 30. But Logitech stock fell sharply as investors fretted over its soft sales guidance for the year.

Cadence Design Systems (CDNS) reported a 30% EPS gain as sales grew 14% to $728 million, above Wall Street targets. The electronic design software maker also guided higher.