Max Auto Industry -3X Inverse Lvrgd ETN(CARD.US)

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Max Auto Industry -3X Inverse Lvrgd ETN
CARD.US
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Global Electric Vehicle Leader: BYD Surpasses Tesla

2025: - BYD: 2.25 million electric vehicles - Tesla: 1.64 million electric vehicles Tesla's sales decreased by 9% year-on-year, while BYD's sales increased by 28%. For the first time in electric vehicle history, BYD surpassed Tesla

Wallstreetcn·
US
TSLA
+2.11%
Wallstreetcn·
US
TSLA
+2.11%

California governor proposes $200 million in new state EV tax rebates

California Governor Gavin Newsom has proposed $200 million in new state electric vehicle (EV) tax rebates following the end of a federal $7,500 tax deduction for new EVs. The proposal aims to revive sales after a significant drop in the last quarter of 2024. The California Air Resources Board has yet to determine the rebate amount per vehicle. Automakers are facing challenges, with Stellantis halting sales of certain models and General Motors taking a $6 billion charge to adjust its EV investments. Recent federal regulations have also impacted EV sales incentives.

Reuters·
US
GM
-2.65%
US
STLA
-1.27%
Reuters·
US
GM
-2.65%
US
STLA
-1.27%

General Motors Analyst Turns Bullish, Raises Price Target By 18%

Analyst Alexander Potter from Piper Sandler has upgraded General Motors' rating from Neutral to Overweight and raised the price target by 18% from $66 to $78. He believes GM can outperform consensus estimates due to minimal exposure to China and a less punitive EPA. Earnings estimates for 2025, 2026, and 2027 have been increased to $10.65, $12.27, and $14.02 per share, respectively. Despite challenges in electric architecture and autonomous driving, GM remains profitable. Shares fell 3.29% to $82.31 at publication.

benzinga_article·
US
GM
-2.65%
benzinga_article·
US
GM
-2.65%

GM Joins Ford with Massive EV Writedown, Takes $7.1B Charge

General Motors (GM) announced a $7.1 billion charge related to its electric vehicle (EV) efforts, including $6 billion for capacity changes and contract cancellations. This comes as GM scales back its EV initiatives, laying off over 3,400 workers and ending production of the BrightDrop commercial van. Despite these changes, CEO Mary Barra reaffirmed the company's commitment to all-electric mobility. GM's stock fell 1.46% to $83.89 in after-hours trading. This follows Ford's recent $19.5 billion charge for similar reasons in the EV sector.

benzinga_article·
US
GM
-2.65%
benzinga_article·
US
GM
-2.65%

GM Faces $6 Billion Charge Amid EV Capacity Cuts

General Motors Company anticipates recording approximately $6 billion in charges for Q4 2025 due to reduced EV production capacity amid slowing demand and policy changes. This includes $1.8 billion in non-cash impairments and $4.2 billion in supplier settlements. Additional charges of $1.1 billion are expected related to restructuring in China. Further charges may arise in 2026 depending on regulatory developments, potentially impacting GM's financial results and cash flows.

Reuters·
US
GM
-2.65%
Reuters·
US
GM
-2.65%
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