Weekly Automotive Pit Stop: Ford Likely to Emerge as a Strong Competitor in BESS

BofA highlights Ford's competitive potential in the battery storage market (BESS) while noting a softening in US April auto sales to 15.9mm SAAR.

Key Takeaways

• 1.Ford is positioned to become a strong competitor in the Battery Energy Storage Systems (BESS) market, competing with Tesla's Megapack.
• 2.US auto sales (SAAR) softened in April to 15.9mm, down from March's 16.2mm, partly due to lower consumer confidence linked to the Iran war.
• 3.Tesla's wholesale volumes in China reached 79.5k in April (+36% YoY), and the company is rolling out Full Self-Driving (FSD) in the region.

Table of Contents

• Ford likely to emerge as a strong competitor in BESS
• Takeaways from Sonic investor lunch with IR
• TSLA announces FSD now available in China
• Stock performance: 1 week and YTD
• April SAAR of 15.9mm softens
• US sales mix
• Global production
• April inventory rises to 2.7mm
• Incentives & Pricing
• Other high frequency data
• Upcoming Events Calendar
• Stocks mentioned
• Price objective basis & risk
• Analyst Certification
• Disclosures

Document Preview

Page 1 of 5

Subscribe for full accessStart Free Trial