stocks

Trending tickers: Tesla, Microsoft, Wise, Dr. Martens

Tue 16 Apr 24, 11:10 AM | EODHD

Doran finds Ford to be performing in line when compared to General Motors' (GM) proportionally larger figures, giving the former more room to grow, especially as it prioritizes new hybrid models while EV charging infrastructure is slowly built out.

\"There's a number of catalysts because this has been an ongoing turnaround story, and they have done so many things,\" Doran tells Yahoo Finance. \"One of them... is just rationalizing their product lineup. They're really looking for which vehicles are the most profitable and for them that tends to be their pickup trucks, their SUVs, they've really scaled down on the cars...\"

Tesla's biggest challenge, according to Doran, is that it's beginning to lose market share to domestic and Chinese competitors. \"The total pie has expanded, but the pie is not expanding for now. So they're losing share both in China and in the US, and you've seen this through their price cuts.\"

Catch more of Good Buy or Goodbye here, or watch this full episode of Market Domination.

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