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Auto parts seller LKQ cuts 2024 sales forecast as warm weather slows demand – ET Auto

Baua Electric

Auto parts distributor LKQ cut its full-year sales forecast on Tuesday and missed estimates for first-quarter profit amid falling metal prices and softening demand for spares in North America. It now expects to report organic revenue growth for parts and services between 2.5% for 2024, down from its prior guidance of 3.5%

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Fisker announces massive earnings miss, paints bleak financial forecast

Teslarati

Lucid Motors was the first domino to fall this week , releasing its Q1 earnings report, which showed investors weakening demand, a flimsy financial position, and a disheartening production forecast. Foremost, the automaker announced a production cut to its incredibly optimistic 2023 forecast. What do you think of the article?

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Chile’s SQM posts profit down 82% as lithium prices slide – ET Auto

Baua Electric

billion forecast. Chile’s SQM , the world’s second-largest lithium producer, on Wednesday posted an 82% fall in its fourth-quarter net profit from a year earlier, below forecasts as prices for the key battery metal continued to slide from earlier peaks. billion forecast.

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Tesla skeptic lambasts company goals, forecasts severe stock contraction

Teslarati

.” As initially reported by CNBC , Sacconaghi’s report details numerous headwinds that he believes Tesla will face in the coming months and years, ultimately leading to his price target of just $150 per Tesla share, a roughly 10% downside from yesterday’s closing price, according to CNBC.

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Deutsche Bank ups Li Auto price target to $30 while providing Q2 earnings preview

CN EV Post

Deutsche Bank raised its forecast for Li Auto's deliveries this year to 160,000 units from 155,000, but believes the company could face some incremental headwinds in 2023. The post Deutsche Bank ups Li Auto price target to $30 while providing Q2 earnings preview appeared first on CnEVPost. For more articles, please visit CnEVPost.

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NIO keeps goal of doubling sales this year despite price war causing greater challenges

CN EV Post

NIO (NYSE: NIO) is confident it will see sales double this year, despite a rare price war that disrupted the Chinese auto industry in the first quarter. The price war has had a big impact on the auto industry, and NIO will not follow suit. percent year-on-year and 23.6 percent year-on-year and 23.6 percent from February.

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Why Falling Used Car Prices Aren't the Bargain You'd Expect

The Truth About Cars

Photo credit: Alexander Chaikin / Shutterstock.com In recent times, the used car market has witnessed a notable decrease in prices, presenting a double-edged sword for vehicle owners and potential buyers. This article was co-written using AI and was then heavily edited and optimized by our editorial team.

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