Streetbeat News

DRPRF

Dr. Ing. h.c. F. Porsche AG

https://www.porsche.com/

Industry

Automobile Manufacturing

Open

64.50

Mkt cap

58B

Volume

High

64.50

P/E Ratio

13.65

52-wk high

103.35

Low

62.65

Div yield

0.07

52-wk low

60.00

BYD Company (OTC:BYDDY) is poised to surpass Tesla Inc. (NASDAQ:TSLA) in annual electric vehicle sales in 2024 due to growing demand in China, while demand in the U.S. and Europe wanes. Tesla reported its fourth consecutive quarter of disappointing profits and warned of a lower growth rate in 2024. Legacy automakers like General Motors Co. (NYSE:GM) and Ford Motor Co. (NYSE:F) may benefit from sustained profits in internal combustion engines and hybrids.

Portfolio Pulse from Shivani Kumaresan

July 24, 2024 | 2:00 pm

The UK's Competition and Markets Authority has approved Microsoft's $69B acquisition of Activision Blizzard. Google is testing generative AI functionalities for its search tool. Cassava Sciences faces controversy over scientific misconduct allegations. Ford is struggling with UAW negotiations. EHang shares are trading higher after obtaining a certificate for its EH216-S UAV system. OpenAI is valued at $90B and is close to selling shares. TSMC is seeking permanent US approval for chip supplies. Netflix plans to launch 'Netflix House' experiences. The Kroger-Albertsons deal faces potential legal challenges. Boeing and Spirit AeroSystems are inspecting 737 Max aircraft defects. Wells Fargo, JPMorgan, Citigroup, BlackRock, and UnitedHealth reported Q3 earnings. Porsche records a 10% surge in deliveries for the first three quarters.

Portfolio Pulse from Vandana Singh

October 13, 2023 | 1:48 pm

Porsche AG reported a 10% increase in global deliveries for the first three quarters of 2023, with a total of 242,722 vehicles delivered. However, deliveries in China slumped by 12% due to ongoing economic challenges. All other markets showed positive growth, with Europe seeing a 23% increase and Germany a 19% increase. The company's shares (DRPRF) closed lower by 1.56% at $9.43 on Thursday.

Portfolio Pulse from Shivani Kumaresan

October 13, 2023 | 12:29 pm

The Porsche Taycan 4S Cross Turismo has set a new record for the fastest single journey in an EV from Thailand to Singapore, completed in 29 hours and 15 minutes. The journey was made possible by the Shell High-Performance Charging (HPC) network implemented by Shell PLC in collaboration with Porsche. The Taycan is Porsche AG's first fully electric vehicle launched in 2019 and has reportedly sold more units than Tesla Model S in the first quarter of 2023.

Portfolio Pulse from Anan Ashraf

July 25, 2023 | 6:49 am

Lucid Air Sapphire prototype (NASDAQ:LCID) outperformed Ferrari SF90 Spider (NYSE:RACE) in a drag race featured on YouTube channel MotorTrend. The Lucid Air Grand Touring Performance also showed impressive capabilities against Porsche 911 Turbo S (OTC:DRPRF). The Lucid Air Grand Touring delivers 1,050 horsepower and accelerates from 0-60 mph in 2.6 seconds, while the Sapphire can deliver over 1,200 horsepower with acceleration of 0-60 mph in less than 2 seconds.

Portfolio Pulse from Anan Ashraf

July 13, 2023 | 6:44 am

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