My Investing Muse

From Twitter user ~ Sawyer Merritt NEWS: Ford has reported Q1 earnings, and for the first time have broken out EV earnings. • EPS : $0.63 adj. vs $0.41 expected • Auto revenue: $39.09B vs $36.08B expected Ford's EV unit lost $700 million in Q1, with EBIT margin being -102.1%. Total combined free cash flow was $700 million. From CNBC  News extract: The company reiterated it expects full-year adjusted earnings between $9 billion and $11 billion and roughly $6 billion in adjusted free cash flow. Ford said it plans to have capital expenditures of between $8 billion and $9 billion in 2023.   Ford also reconfirmed it expects to lose about $3 billion from its electric vehicle operations, known as Model e, in 2023. Ford said the operations’ loss widened to $722 million in the first quarter from $380 million a year earlier as it ramps up EV production. Those losses were washed out, however, by the company’s traditional car business, known as Ford Blue, which earned $2.6 billion, and th...

Source: CNEVPOST Tesla production update Q3/2022  (extract of the article dated 3rd October 2022) Tesla's production and deliveries returned to normal in the third quarter. Its Shanghai plant halted production for some time during the second quarter due to a Covid lockdown, causing the company to see a rare dip in deliveries. Tesla quarterly deliveries Giga Shanghai, which makes the Model 3 as well as the Model Y, has an annual capacity of more than 750,000 units, according to Tesla's second-quarter earnings report released on July 20. Breakdown of Tesla Q3/2022 deliveries Recently, Tesla completed an upgrade to its Shanghai plant, which media reports say has boosted capacity to around 1.1-1.2 million units. Tesla has 650,000 units of annual capacity at its California plant, including 100,000 units of annual capacity for the Model S and Model X, and 550,000 units of annual capacity for the Model 3 and the Model Y. In addition to these two factories, Tesla's factories in B...

Holidays Hong Kong celebrates Labour Day on 2nd May 2022 Singapore celebrates Labour Day and Hari Raya on 2nd & 3rd May 2022 China is closed for Labour Day from 2nd to 4th May 2022 News summary Nasdaq has its worst month since 2008.  Tesla continues to drop following Elon's stock sales to finance his Twitter purchase. With much of the market growth resting on the Big Tech, Fed's interest rate hike hopes to ease inflation but will it be too little, too late? Economic Calendar Economic Calendar for the week starting 2nd May 2022 On 4th May 2022, the FOMC will announce their Fed Interest Rate decision.  There are also updates on initial jobless claims, nonfarm payrolls, unemployment rate (Apr).  In midweek, we will also know the consumption of crude oil inventories - that is a good indicator of the coming consumption of the market. Earnings Calendar Earnings for the week starting 02 May 2022 This week has several notable important announcements about the market's recover...