3 High-Reward Penny Stocks for Bold Investors

Saturday, 3 June 2023, 18:06:10
Within the penny stock space, the level of risk on exposure to different stocks varies significantly. Purely speculative penny stocks are the riskiest bet. On the other hand, there are some high-reward penny stocks for investment that represent companies with good fundamentals and the risk is relatively low. In between these two categories are penny stocks that have decent fundamentals. However, they await specific catalysts to play-out for multibagger returns. Without these catalysts, these stocks can remain sideways or trend lower. It goes without saying that the risk is meaningful. I would classify these names as high return penny stocks for bold investors. It makes sense to consider some exposure to these stocks. If the catalysts play-out, 10x returns would not be surprising. It’s a good idea to invest what you can afford to lose in these top penny stocks with potential. Cronos (CRON) Source: Shutterstock Cronos (NASDAQ: CRON ) is a massively undervalued penny stock to buy for bold investors.
— InvestorPlace

How Ford, GM auto dealers are thinking about Detroit”s EV transition and their future

Saturday, 3 June 2023, 15:54:50
As GM and Ford push the EV transition, local dealership owners are a key to selling the shift to car buyers.
— CNBC

Tesla is set to reap billions from Biden’s economic package before Ford gets a single cent

Saturday, 3 June 2023, 12:50:00
Tesla and other automakers are set to cash in on economic incentives signed into law in 2022. The law encourages companies to manufacture both cars and batteries domestically. Tesla, with several factories already operating stateside, is on track to get the most tax breaks, one estimate found. Tesla”s years of scaling up its manufacturing presence in the United States are set to pay dividends as incentives from President Joe Biden”s package of economic laws go into effect. According to estimates from Benchmark Mineral Intelligence, as reported by Bloomberg, Tesla and Panasonic, which is Tesla”s partner in battery manufacturing, are set to receive some $41 billion in tax credits over the next decade. That”s way more than domestic competitors like Ford, for example, which won”t be getting any of the incentives until at least 2025, according to the report. The Inflation Reduction Act, which was passed in August, incentivizes automakers to not only assemble vehicles in the United States but also to manufacture above a certain percentage of battery packs” materials domestically.
— Business Insider Nederlands

Ford has recalled more than 140,000 SUVs due to fire risks related to the sensors

Saturday, 3 June 2023, 08:33:34
Ford Motor Company announced Friday that it is recalling more than 140,000 of its vehicles due to the risk of the battery display sensor overheating and possibly catching fire. The company said in a statement Customers who own certain Lincoln MKC vehicles from model years 2015 through 2019 should park their vehicles outside and off the structures while Ford provides Lincoln dealers and retailers with the parts and repair instructions needed to fix the problem. Ford said the location of the sensor in these vehicles could make it vulnerable to damage when servicing the battery or other related electrical components. Damage may cause a short on the printed circuit board, which can cause the surrounding materials to overheat. Ford said it is aware of 19 reports potentially related to under-hood fires, including some that occurred when the vehicle was parked and turned off. The company said that owners do not need to stop driving these recalled vehicles and have not received reports of any accidents or physical injuries related to this issue.
— Lanka Times

Ford warns owners of 140,000 Lincoln SUVs to park outside amid fears the vehicles could catch fire

Saturday, 3 June 2023, 07:04:34
The Lincoln MKC SUV is being recalled over fears a short-circuit is causing a sensor to overheat, which is then resulting in a fire in the engine block and ultimately destroying the car.
— Daily Mail Online