Category Archives: Auto industry

Lyft IPO: Get Ready For A Bumpy Ride

Lyft’s IPO is oversubscribed at a $23 billion valuation. But what happens next?

Hubert Horan: Can Uber Ever Deliver? Part Eighteen: Lyft’s IPO Prospectus Tells Investors That It Has No Idea How Ridesharing Could Ever Be Profitable

Lyft’s prospectus doesn’t even pretend that the company might become profitable, let alone justify a $20-25 billion valuation.

Hubert Horan: Can Uber Ever Deliver? Part Seventeen: Uber’s 2018 Results Still Show Huge Losses and Slowing Growth as IPO Approaches

It is hard to see how Uber’s IPO story will hold up to scrutiny, particularly at a planned valuation of $120 billion.

How This Oil Refiners Group Rallied GOP Governors’ Support for Trump’s Rollback of Auto Standards

The story of how oil refiners group marshalled the support of Republican governors behind the Trump administration’s rollback of CAFE auto emissions standards.

Wolf Richter: Oops, SpaceX to Lay Off 10% of its Employees after Funding Fiasco in November

The LA Times reports that SpaceX, the unicorn startup with a newly minted $30.5 billion “valuation” and dreams of sending humans to Mars shortly, will lay off about 10% of its employees.

SEC Sues Elon Musk for Fraud, Seek to Bar Him Permanently from Executive, Board Role in a Public Company

Elon Musk put himself in the SEC’s crosshairs.

As Musk Goes Nuts Publicly, Tesla Bondholders Get Antsy

Rising bond yields pose a problem to Tesla’s survival.

Marrying NAFTA and The TPP: The “US-Mexico Trade Agreement”

How a new “great” Trump trade deal is just recycled old trade deals with a new label.

Hubert Horan’s Quick Take on Uber’s Second Quarter Results

Uber’s latest financial report confirms Hubert Horan’s predictions.

Wolf Richter: Tesla Discloses Worst Quarterly Loss Ever, But Where Are the 17,000 Model 3 Cars it “Produced” But Didn’t “Deliver”?

So far, the SEC and investors are ignoring Tesla’s sus-looking production figures.

Pruitt Resigns as EPA Chief: So What?

EPA administrator Scott Pruitt resigned Thursday. Will his acting replacement, former coal lobbyist and climate denier Andrew Wheeler, be less of a disaster for the environment?

EU Calls Trump’s Bluff on Auto Tariffs as Trump Tries Dead on Arrival WTO Exit Plan

The EU is neither happy with nor cowed by Trump’s latest trade threat.

Wolf Richter: Beyond the Hysteria About Auto Tariffmageddon

After decades of relentless offshoring, the equation may change for auto and component makers.

Tesla And GM Close To Capping Out On Electric Vehicle Tax Incentives

Tesla and GM are nearing the end of a subsidy road.

Brexit: Chaos Visible

As businesses finally start telling the press they are worried about Brexit, the press is still not coming to grips with key issues.