2024

Elon Musk

<div class="textg" style="text-align: justify; font-weight: lighter; line-height: 1.3em; font-size: 15px; border-radius: 3px; color: #80909a; padding: 10px; background-color: #F4F6F9; margin-bottom: 15px;">
 Neither the author, Tim Fries, nor this website, The Tokenist, provide financial advice. Please consult our&nbsp;<a href="https://tokenist.com/terms-of-service/" style="text-decoration:underline;color:#3c7b7b" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">website policy</a>&nbsp;prior to making financial decisions.
</div>
<p class="has-drop-cap">Three stocks are making significant moves in today’s trading session. Tesla (<a href="https://tokenist.com/investing/how-to-buy-stocks/" rel="noopener noreferrer nofollow" class="deco-link">NASDAQ: TLSA</a>), General Motors (<a href="https://tokenist.com/investing/how-to-buy-shares-online/" class="deco-link" rel="noopener noreferrer nofollow">NYSE: GM</a>), and AMC Entertainment (<a href="https://tokenist.com/investing/how-to-invest-in-stocks/" class="deco-link" rel="noopener noreferrer nofollow">NYSE: AMC</a>) each recently reported data and results that sparked considerable market reaction.</p>
<p>These companies’ latest financial results have led to notable shifts in their stock prices, with Tesla and AMC seeing <a href="https://tokenist.com/tesla-and-alphabet-shares-slide-post-q2-earnings-heres-why/" rel="noopener noreferrer nofollow" class="deco-link">substantial declines</a>. At the same time, General Motors experienced a more modest dip despite beating earnings expectations.</p>
<h3 id="tesla-shares-plummet-after-second-quarter-earnings">Tesla Shares Plummet After Second-Quarter Earnings</h3>
<p>Tesla (TSLA) shares plummeted 11.80% to $217.31 following the release of its second-quarter earnings report for 2024. The electric vehicle manufacturer missed expectations, with automotive revenue declining 7% year-over-year to $19.9 billion. <br><br>Despite beating revenue forecasts with $47.9 billion against an expected $45 billion, Tesla’s adjusted earnings margin fell.</p>
<p>CEO Elon Musk attempted to reassure investors by announcing plans for a new “affordable” car in early 2025 and expressing confidence in the company’s <a href="https://tokenist.com/what-teslas-robotaxi-could-mean-for-its-stock-price/" rel="noopener noreferrer nofollow" class="deco-link">robotaxi ambitions</a>. However, the stock’s decline reflects growing concerns about increased competition and the company’s aging vehicle lineup.</p>
<div class="cta-referral"><img src="https://tokenist.com/wp-content/themes/thetokenist/assets/img/del/cta-referral-1.png" alt="" class="cta-referral__img" loading="lazy" decoding="async">
 <div class="cta-referral__text">
  <p>Join our&nbsp;<a href="https://t.me/thetokenist" target="_blank" rel="noopener noreferrer nofollow" class="deco-link">Telegram group&nbsp;and never miss a breaking story.</a></p>
 </div>
</div>
<h3 id="gm-faces-headwinds-despite-strong-q2-performance">GM Faces Headwinds Despite Strong Q2 Performance</h3>
<p>General Motors (GM) reported strong second-quarter earnings for 2024 yesterday, with net income rising 15% year-over-year to $2.92 billion.</p>
<p>The company beat expectations with earnings per share of $3.06 against an anticipated $2.71. Despite these positive results, GM’s stock fell 0.99% to $45.92 as investors <a href="https://www.mbtmag.com/operations/news/22915787/very-strong-quarter-at-general-motors-overshadowed-by-potential-headwinds-for-industry" target="_blank" aria-label="focused on headwinds (opens in a new tab)" rel="noopener noreferrer nofollow" class="deco-link">focused on headwinds</a> facing the company. These challenges include slowing sales and rising competition in China, where Q2 revenue from its joint venture dropped to $4.7 billion from $9.6 billion in Q4 2023.</p>
<p>GM also took a $600 million charge for its Cruise autonomous vehicle unit and announced delays in some EV projects, signaling potential hurdles in the rapidly evolving automotive landscape.</p>
<h3 id="amc-releases-q2-preliminary-results-stock-takes-a-hit">AMC Releases Q2 Preliminary Results, Stock Takes a Hit</h3>
<p>AMC Entertainment (AMC) released preliminary second-quarter results for 2024, revealing weaker performance compared to the same period in 2023.</p>
<p>The theater chain reported total revenues of approximately $1.03 billion, down from $1.35 billion in Q2 2023, and a net loss of about $32.8 million compared to net earnings of $8.6 million in the previous year. AMC attributed the decline to fewer movie releases in early 2024 due to the 2023 actors’ and writers’ strikes.</p>
<p>Despite these challenges, CEO Adam Aron highlighted a significant revenue increase in June and expressed optimism for the second half of 2024 and beyond. The stock was down over 6% at the time of writing to $4.77 as investors digested the mixed news and recent debt restructuring announcements.</p>
<p>As of 11:16 AM EDT on the day of reporting, these stocks continued to experience volatility in response to their earnings reports and forward-looking statements.</p>
<p>Tesla’s market capitalization stood at $692.82 billion with a <a href="https://tokenist.com/investing/p-e-ratio/" rel="noopener noreferrer nofollow" class="deco-link">forward P/E ratio</a> of 99.01, reflecting high growth expectations despite recent challenges. General Motors, with a market cap of $52.36 billion and a more modest forward P/E of 4.88, appeared to offer value to investors willing to weather near-term headwinds. <br><br>AMC Entertainment, sporting a <a href="https://tokenist.com/investing/how-the-stock-market-works/" rel="noopener noreferrer nofollow" class="deco-link">market cap</a> of $1.73 billion and negative earnings, continued to face significant challenges in its recovery from pandemic-related disruptions and changes in consumer behavior.</p> <iframe src="https://tokenist.substack.com/embed" width="100%" height="320" style="border:1px solid #EEE; background:white;" frameborder="0" scrolling="no"></iframe>
<p><em>Disclaimer: The author does not hold or have a position in any securities discussed in the article.</em></p>
<h3 id="br"><br></h3>
<p>The post <a rel="noopener noreferrer nofollow" href="https://tokenist.com/stocks-to-watch-today-general-motors-tesla-and-amc/">Stocks to Watch Today: General Motors, Tesla, and AMC</a> appeared first on <a rel="noopener noreferrer nofollow" href="https://tokenist.com">Tokenist</a>.</p>

Stocks to Watch Today: General Motors, Tesla, and AMC

목차

Tokenist

2024년 7월 24일에 게재된 다른 기사

Impressive Inflows for Ether ETFs

Franklin Templeton eyes Solana ETF after Ethereum success

Why Is Arbitrum (ARB) Down 68% In 7 Months?

How to add liquidity to Uniswap V3 on Optimism? (to get xSPACE LP tokens)

Can Ethereum Meet Traders’ Bullish Expectations?

XRP Outshines Ethereum with 34.24% Performance Boost Over Two Weeks

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!