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Industry Focus

Energy: Biden's EV Executive Order & Big Auto Earnings

Industry Focus

The Motley Fool

Interview, Money, Consumergoods, Business, Businessnews, Ceo, Technology, Investing, Stocks, Energy, Fool, Financial, Economy, Healthcare, News, Banking, Motley, Tech, Business News, Investments

4.6854 Ratings

🗓️ 5 August 2021

⏱️ 39 minutes

🧾️ Download transcript

Summary

Nick Sciple and John Rosevear break down Biden's EV executive order and take a look at earnings for Ford, GM, BMW, Ferrari, and more!

Stocks: F, GM, BMWYY, RACE, TSLA

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Transcript

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0:00.0

Welcome to Industry Focus. The Podcast that dives into a different sector of the stock market each day.

0:11.0

I'm your host Emily Flippin. I'm Jason Moser. I'm Nick Seyple. I'm Dylan Lewis. And today

0:16.0

we're talking financials. Today we're talking consumer goods. Wild Card Wednesday.

0:20.4

And we're talking energy. And today we're talking tech. Let's dive in.

0:25.0

Welcome Industry Focus. I'm Nick Saipoll. This week, John Roosevelt returns to the show for a look at what's going on with Big Auto.

0:33.0

John, how's your summer been?

0:35.0

It's been great.

0:36.0

I think you know, but our viewers may not know.

0:38.0

I have three college kids and they've been in and out all summer with friends and so forth

0:41.0

and it's been a fun time.

0:42.0

Yeah, very exciting.

0:43.3

I've also been running around, you know,

0:44.9

as folks know, I've gotten married.

0:47.2

Over the past year, John, we've talked a lot about electric vehicles

0:51.3

and you know, the future of automotive there's been constant news

0:55.5

really like I said for the past year or so today is no different so just just today

1:01.4

President Biden has announced that he's going to sign an executive order

1:05.6

she'll put forward a new national target for zero emissions vehicles.

1:09.2

Numbers being reported is up to 50% of cars sold in the USA by 2030 targeting to be the zero emissions vehicles.

1:17.5

Where does this fit into this EV story we've been talking about for so long done?

1:21.1

It's another step forward. I mean I think we've already

1:25.1

seen if you look at the financials of companies like GM and Ford they're already

...

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