John Murphy

Lordstown Motors Corp (NASDAQ: RIDE) shares dropped 16.6% on Thursday after the company’s third-quarter earnings report underwhelmed the market, but one Wall Street analyst said investors should think twice about buying the dip in Lordstown. The Analyst: Bank of America analyst John...

Electric vehicle manufacturers are staring at a huge market opportunity, and the arena provides scope for multiple players to compete profitably. BofA Securities analysts on Wednesday upwardly revised their price targets for a few EV OEMs. The EV Analysts: BofA's John Murphy maintained a...

Tesla, Inc. (NASDAQ: TSLA) shares advanced strongly Thursday in reaction to the electric vehicle maker's third-quarter earnings beat.  Here is a compilation of sell-side's take on the quarterly results: The Tesla Analysts: BofA Securities analyst John Murphy reiterated a Neutral...

The third quarter of 2021 is likely to have been another challenging quarter for the automotive value chain, with companies such as Tesla Inc (NASDAQ: TSLA) continuing to be adversely impacted by semiconductor shortage and production downtime, according to BofA Securities. The Tesla Analyst:...

General Motors Company (NYSE: GM) shares were gaining ground Thursday after the company updated its long-term financial guidance at its investor day event.  The biggest headline number from day one of the event Wednesday was GM’s updated long-term guidance. The auto giant said...

Tesla Inc (NASDAQ: TSLA)'s record quarterly deliveries may not have swayed an analyst from JPMorgan to shed his bearish stance, but all the same, he has not shied away from giving credit where it's due. The Tesla Analyst: Analyst Ryan Brinkman maintained an Underweight...

Tesla Inc (NASDAQ: TSLA) shares traded higher Monday morning after the electric vehicle maker reported better-than-expected vehicle deliveries for the third quarter. Investors reacted positively to the delivery beat, but Bank of America analyst John Murphy said Monday that Tesla’s $767...

Automobile stocks bounced back from the COVID-19 pandemic-induced sales slowdown fairly well in the second half of 2020 only to be caught unaware by the global semiconductor shortage. Despite the sales hit from the chip crunch and the resulting capacity idling, shares of most legacy...

Lordstown Motors Corp (NASDAQ: RIDE) is moving lower after an analyst at BofA Securities hit the sell button on the electric vehicle maker's stock. The Lordstown Analyst: Analyst John Murphy downgraded the shares from Neutral to Underperform and halved the price target from $11 to $5...

Although Lucid Group Inc’s (NASDAQ: LCID) stock is currently trading at a premium to the average multiples of its SPAC peers in the electric vehicle original equipment manufacturers space, it is still at a “notable discount” to Tesla Inc’s (NASDAQ: TSLA) recent trading...

Tesla Inc (NASDAQ: TSLA) shares traded lower on Tuesday after the company’s second-quarter earnings beat failed to wow the market. Tesla reported adjusted second-quarter EPS of $1.45 on revenue of $11.96 billion. Both numbers exceeded analyst estimates of 98 cents and $11.3 billion,...

The automotive industry has been surprisingly resilient despite facing over a year's worth of roadblocks, most recently the global semiconductor shortage, which has impaired supply chains, BofA Securities analyst John Murphy said in a Friday note.  The bank has favorable second-quarter...

The lead that internal combustion vehicles have is shrinking as electric vehicles steadily find increasing adoption, according to a BofA Securities analyst.  Product Activity Among OEMs Varies: OEMs are pursuing a range of strategies, with product pipelines focused on...

One of the hottest investment themes on Wall Street in recent years has been electric vehicles. This week, Bank of America analyst John Murphy updated his U.S. EV penetration forecasts to 7% by 2025 and 20% by 2030. On Friday, Murphy released his latest note in a series on the EV market tipping...

Lordstown Motors Corp (NASDAQ: RIDE) shares dropped another 16.2% on Monday after the company announced its CEO and CFO are resigning from their positions effective immediately. What Happened? CEO Steve Burns and CFO Julio Rodriguez  resigned from their positions just days after the company...