Garrett Nelson

Microsoft Corp. (NASDAQ:MSFT) has said that it will be recording an impairment charge of approximately $800 million in the second quarter of fiscal year 2025, according to an SEC filing. This follows General Motors (NYSE:GM) exit from funding Cruise‘s robotaxi development. What Happened: General...

CFRA Research analyst and Tesla Inc (NASDAQ:TSLA) bull Garrett Nelson believes that the current fall in the EV giant’s stock is not surprising given shares more than doubled last year. What Happened: Despite Tesla shares falling about 34% year-to-date, the analyst is optimistic about Tesla...

There's no question 2022 has been a brutal year for auto stock investors. Shares of General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F) are down more than 40% this year, while shares of Tesla Inc (NASDAQ: TSLA) are down nearly 70%. CFRA auto analyst Garrett Nelson recently...

Rivian Automotive Inc (NASDAQ: RIVN) shares traded higher by 13.2% on Wednesday after the company reported impressive production and delivery growth in the second quarter. Rivian produced 4,401 vehicles and delivered 4,467 vehicles in the second quarter. Compared to the first quarter, the second-...

Lucid Group, Inc. (NASDAQ: LCID) shares are coming under intense selling pressure Monday after the company disclosed an investigation by the SEC. What Happened: Lucid received a subpoena from the SEC Friday requesting documents related to an investigation by the regulator, an 8-K filing by...

AutoZone, Inc. (NYSE: AZO) shares traded higher by 1.4% on Monday, but one analyst said the stock had gotten a bit overheated ahead of its third-quarter earnings report. The Analyst: CFRA analyst Garrett Nelson downgraded AutoZone from Buy to Neutral and raised his price target from $1,800 to $1,...

General Motors Company (NYSE: GM) shares were gaining ground Thursday after the company updated its long-term financial guidance at its investor day event.  The biggest headline number from day one of the event Wednesday was GM’s updated long-term guidance. The auto giant said...

Tesla Inc (NASDAQ: TSLA) shares traded lower on Tuesday after the company’s second-quarter earnings beat failed to wow the market. Tesla reported adjusted second-quarter EPS of $1.45 on revenue of $11.96 billion. Both numbers exceeded analyst estimates of 98 cents and $11.3 billion,...

Tesla Inc (NASDAQ: TSLA) shares traded lower by 4% on Tuesday after investors took profits in the stock following its first-quarter earnings beat. For the first quarter, Tesla reported adjusted EPS of 93 cents on $10.39 billion in revenue. Both numbers beat consensus analyst estimates of 79...

Tesla Inc (NASDAQ: TSLA) stock has been on a dramatic rise since the announcement that the company will be included in the S&P 500. The increase in share price is due to anticipation that funds will need to buy a large amount of shares come Dec. 21. On Monday, CFRA analyst Garrett Nelson...

The 2020 presidential election could have a long term effect on the timeline for rapid electric vehicle expansion in the United States. EV, Auto Stocks Under Trump: A win by Trump could prove a sigh of relief for large automakers General Motors Company (NYSE: GM) and Ford Motor Company (NYSE: F)....

Shares of General Motors Company (NYSE: GM) and Nikola Corporation (NASDAQ: NKLA) rallied on Tuesday after GM announced it's taking a $2 billion stake in the hydrogen fuel cell electric truck maker. As part of the companies’ new partnership, GM will produce Nikola’s first Badger...

Tesla Inc (NASDAQ: TSLA) reported a second-quarter earnings beat on Wednesday afternoon. Adjusted EPS of $2.18 on revenue of $6.04 billion both exceeded consensus analyst estimates of 3 cents and $5.37 billion, respectively. Perhaps more importantly, Tesla’s GAAP EPS of 50 cents...

Despite the chaos in the world around Tesla Inc (NASDAQ: TSLA), the automaker reported a strong first quarter Wednesday, with sales of $5.985 billion exceeding a $5.9-billion Street forecast and a bottom line of $1.24 far surpassing expectations of a 36-cent loss. The performance was driven in part...

Ford Motor Company (NYSE: F) shares traded lower on Wednesday morning after the company said it burned through $2.2 billion in cash in the first quarter and is expecting a $5 billion loss in the second quarter. Ford reported first-quarter revenue of $34.3 billion, down 14.9% from a year ago. Ford...