Ford Motor Company's (NYSE: F) outlook for the second half of the year remains "mixed but reasonable," according to Morgan Stanley.The Ford Analyst: Analyst Adam Jonas maintained an Overweight rating on Ford and established a price target of $8.Takeaways On Ford: The analyst named these takeaways from Morgan Stanley's conference call with Ford in a Friday note: Cash burn was better-than-expected. The second-quarter cash flow was negative $5.3 billion, but expected cash burn was $12 billion. Ford also finished up its second quarter with $40 billion in gross liquidity."We were pleasantly surprised that the company gave even the basic level of quarterly granularity to its 3Q and 4Q earnings outlook," the analyst said, characterizing the outlook as stable. View more earnings on FWhen Ford CEO Jim Hackett was asked about battery IP risk, he said the challenges include supply chain issues and litigation, according to Morgan Stanley. "We're hopeful that, that...
Natural gas prices broke out on Monday, as short were squeezed out of the market. Warmer than normal weather which is expected to cover most of the mid-west and east coast over the next 6-10 and 8-14 days generated a surge in prices that buoy natural gas more than 15%. There is one tropical stork in the Atlantic but it is moving up the east coast and will not generate a disturbance to natural gas installations....
Yahoo Finance’s Dan Howley joins Kristin Myers to discuss how Google is making a move to buy a 6.6% stake in ADT, sending the home security stock soaring....
When the Cybertruck was unveiled, it was met with skepticism due to its strange looks. Over time, Tesla Inc (NASDAQ: TSLA) reportedly received hundreds of thousands of reservations for the unibody electric pickup.What Happened: CEO Elon Musk has a backup plan in case the Cybertruck doesn't do well, according to InsideEVs. When designing the Cybertruck, Musk admits Tesla did no market research to see if there was any interest in the vehicle, the CEO reportedly told Automotive News. "We just made a car we thought was awesome and looks super weird," Musk said when asked about market research."If it turns out nobody wants to buy a weird-looking truck, we'll build a normal truck, no problem," he said. Benzinga's Take: Does this mean Tesla has a more normal truck design ready to go? It doesn't seem the company could just design and manufacture a "normal truck" overnight.If Tesla wants the most market...
