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Fly News Breaks for March 5, 2020
Mar 5, 2020 | 05:56 EDT
JPMorgan analyst Ryan Brinkman reiterates an Overweight rating on General Motors (GM) after the firm hosted its first ever "GM EV Day" in which management provided investors with an overview of its electrification strategy. The overview "impressed on a number of fronts," Brinkman tells investors in a research note. GM showcased its work on a next-generation of batteries it calls "Ultium," which possess performance characteristics when mated to its new drive units that are at least on par with or even exceed that of the most advanced competition, says the analyst. Brinkman believes GM's electric vehicle day reads negative for Tesla (TSLA), a stock he keeps Underweight rated.
News For GM;TSLA From the Last 2 Days
Jun 1, 2020 | 09:16 EDT
A Tesla Model 3 that crashed into a truck on a highway in Taiwan on Sunday was reportedly on Autopilot, Electrek's Fred Lambert reports. A Tesla Model 3 owner driving with some Autopilot driver-assist features didn't see the truck and the safety feature didn't stop a collision, according to the report. Reference Link
Jun 1, 2020 | 09:09 EDT
Check out this morning's top movers from around Wall Street, compiled by The Fly.  HIGHER -  Tesla (TSLA)... To see the rest of the story go to See Story Here