Get all your news in one place.
100’s of premium titles.
One app.
Start reading
Benzinga
Benzinga
Business
Henry Khederian

What's Going On With Ford, GM And Tesla Shares?

Shares of several companies in the broader auto & auto component sectors, including Ford Motor Company (NYSE:F), General Motors Company (NYSE:GM) and Tesla Inc (NASDAQ:TSLA) are trading higher amid overall market strength as traders assess Fed policy outlook, rising Treasury yields and quarterly earnings reports.

Recent volatility in oil prices has also helped lift EV-related companies, after U.S. President Joe Biden in March announced a ban on Russian oil, natural gas and coal imports. Investors continue to assess upcoming corporate earnings in April while a new 2-year high of 2.930% for the U.S. 10-Year Treasury Tuesday has otherwise not impacted growth companies for the session. In general, when interest rates rise, the value of future cash flows is reduced for stocks, which in turn lower the value of the stock.

Traders and investors will also be watching for Tesla's first-quarter earnings report, which is confirmed for tomorrow's after-hours session.

See Also: Why Plug Power Shares Are Surging

According to data from Benzinga Pro:

  • Ford is trading higher by 2.58% at $16.08
  • GM is trading higher by 2.88% at $41.78
  • Tesla is trading higher by 1.73% at $1,021.66

 

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.