Zacks Analyst’s blog highlights Tesla, Ford, Toyota, Mercedes-Benz Group and Magna International

for immediate posting

CHICAGO, IL – April 26, 2022 – announces the list of stocks featured on the Analyst Blog. Every day Zacks Equity Research analysts discuss the latest news and events affecting stocks and financial markets. Stocks that have appeared recently on the blog include: Tesla TSLA, Ford F, Toyota TM, Mercedes-Benz Group AG DDAIF and Magna International MGA.

Here are some highlights from Monday’s Analyst blog:

EV Report: Q1 Earnings Release

The highlight of the past week was the trending quarterly release of Tesla. Despite the severe chip crunch, the electric vehicle (EV) company posted strong first-quarter results, beating earnings and revenue estimates. It posted record quarterly returns and a huge jump in profit margins. Musk, the geeky CEO of TSLA, remains confident of 50% growth in annual deliveries for the foreseeable future despite the industry’s odds.

Amid the growing popularity of green cars, the Japanese auto giant Toyota Accelerate electrification goals. The company is betting $383 million to drive hybrid electric power at four US locations. The investment aims to enhance the company’s dedication to vehicle electrification and to provide customers with fuel efficient solutions.

Meanwhile, the old American auto industry stronghold The Lincoln Star, its first EV concept, has been revealed as part of efforts to boost electric vehicle offerings in the United States and give the Lincoln brand a new look. Germany-based auto biggie Mercedes-Benz AG Group Also on the path to great success in the electric vehicle space. Last week, it unveiled its newest model of electric vehicle, the EQS SUV, which is expected to hit the US market by the end of 2022. Finally, Magna International It also made headlines as it celebrated the opening of its new plant in Mexico to stimulate the capabilities of electric vehicles.

The most important news of the week

1. Tesla It reported first-quarter 2022 earnings of $3.22 per share, growing significantly from last year’s figure of 93 cents and exceeding Zacks’ consensus estimate of $2.15. The better-than-expected deliveries and overall vehicle earnings resulted in this outperformance. Total deliveries for the first quarter of 2022 of 310,048 units topped the Zacks consensus estimate of 298,495. Gross profit from automobiles came in at $5,539 million, which exceeded the consensus mark of $4,113 million.

Revenue totaled $18,756 million, beating the consensus mark of $17,276 million. The top streak also saw an annual growth of 80.5%. Most importantly, the electric vehicle giant reported a vehicle gross margin of 32.9% and gross vehicle gross margin of 29.1% for the quarter. Furthermore, the operating margin came in at 19.2%. (Tesla achieves its fifth consecutive profit in the first quarter)

Tesla currently holds Zacks at No. 3 (Hold). you can see The full list of Zacks #1 stocks (strong buy) today is here.

2. Toyota It announced a $383 million investment in four of its US plants that manufacture key components for new Toyota and Lexus vehicles. The investment will be used to produce four-cylinder engines — including options for hybrid electric vehicles — at its plants in Alabama, Kentucky, Missouri and Tennessee.

The Alabama facility, with a dedicated investment of $222 million, will create a new four-cylinder production line that can manufacture engines for both combustion engines and hybrid electric motors. Toyota Kentucky intends to expand the flexibility of its four-cylinder engine line revealed last fall, enabling the plant to meet customer demand. The company has committed $16 million in investment. Toyota Missouri’s $109 million investment aims to provide new equipment to build four-cylinder engine heads on three production lines. The Toyota Tennessee plant will refurbish equipment to build new four-cylinder engine blocks with an investment of $36 million. (Toyota bet $383 million to drive hybrid EV power at 4 US locations)

3. stronghold Lincoln introduced the Star, its first-of-its-kind EV concept. The Star Concept is Ford’s first step toward realizing its plan to offer three fully EV models by 2025 and a fourth by 2026. The Lincoln Star is a sporty crossover SUV with upscale features such as a seamless exterior design and panoramic windows. Its interior structure makes it distinct from Lincoln’s current lineup of vehicles in the United States, which includes the Navigator large SUV and several crossovers. Like other competing luxury cars, the Star comes with a large screen across the dashboard and a retractable steering wheel that can be set aside. The seating arrangement provides a lounge-like atmosphere.

Ford is making a dedicated effort to drive electric vehicle adoption in the United States. In that light, its F-150 Lightning is making strides, but Lincoln hasn’t gone the extra mile to transition fully to electric. Ford is optimistic that the number of its electric vehicles will steadily rise and triple from the 2017 figure of just five luxury electric cars. Currently, the number is 48 and electric vehicles account for 20% of luxury car sales versus just 2% of mainstream sales. The auto giant is touting its hopes that the Star Concept will reclaim lost lands in the country. (Ford Premium EV Lincoln Star Concept Supports EV Game)

4. Mercedes Benz It unveiled its latest electric SUV, the Mercedes-Benz EQS. The EQS electric SUV will be launched in the US market by the end of the year. The company has shared several images of the interior that customers can expect of the new SUV. The EQS electric SUV is based on the Mercedes-Benz Custom Architecture platform that also forms the basis of the EQS and EQE sedans. The Mercedes-Benz EQS SUV has the familiar characteristics of the Mercedes-Benz EQ and the EQS luxury sedan and is equipped with modern features. The EQS electric SUV features LED taillights, and inside, it has the Mercedes-Benz MBUX Hyper Display with three large displays.

In its upcoming plans to boost the capacity of electric vehicles, Mercedes-Benz has said that Mercedes’ upcoming S-Class and beyond will be all-electric. Another version of the EQS SUV, the Maybach, is also expected to hit the market soon. This version has its own design language compared to the Mercedes-Benz EQS, as the hardware and user interface have their own branding. The handling of the ride will also be different from the Mercedes version. (Mercedes’ EQS SUV to enter the US market by the end of 2022)

5. magna He opened a new facility in Ramos, Mexico. The plant was established through a joint venture with LG Electronics called the LG Magna ePowertrain. The sprawling 260,000-square-foot plant—scheduled for completion in 2023—will produce a range of powertrain components to support production of GM’s electric vehicles, which will be the new facility’s primary customer.

The joint venture is expected to create 400 new jobs. It extends across Korea, North and South America, Europe, and Asia. It will combine LG Electronics’ expertise in EV technology with Magna’s longstanding reputation in the traditional auto industry. This new facility is a testament to the continued success of the LG Magna e-Powertrain. It constantly enables companies to better support customers with premium components for the next generation of electric vehicles.

What’s next in space?

Stay tuned for announcements of upcoming electric car models and any important updates from the hot auto industry.

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Past performance is not a guarantee of future results. Inherent in any investment is the potential for loss. This material is provided for informational purposes only and nothing herein constitutes an investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in the securities, companies, sectors or markets identified and described have been or will be profitable. All information is effective as of the date of this document and is subject to change without notice. Any opinions or opinions expressed may not reflect the views or opinions of the Company as a whole. Zacks Investment Research is not involved in investment banking, market making or asset management activities for any securities. These returns are from virtual portfolios consisting of shares of Zacks rank = 1 that are rebalanced monthly without transaction costs. These are not actual portfolio returns for stocks. The S&P 500 is an unmanaged index. Visit For information on the performance numbers presented in this press release.

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Ford Motor Company (F): Free Stock Analysis Report

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Daimler AG (DDAIF): Free Stock Analysis Report

Magna International Inc. (MGA): Free Stock Analysis Report

Tesla (TSLA): Free Stock Analysis Report

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