In the latest installment of Yahoo Finance’s Good Buy or Goodbye, BD8 Capital Partners CEO and CIO Barbara Doran steps inside the driver’s seat and outlines her preferred auto stock trades currently, shining some headlights onto why major automaker Ford (F) is a "good buy" and EV pioneer Tesla (TSLA) is a stock investors should say "goodbye" to.
Doran finds Ford to be performing in line when compared to General Motors’ (GM) proportionally larger figures, giving the former more room to grow, especially as it prioritizes new hybrid models while EV charging infrastructure is slowly built out.
"There’s a number of catalysts because this has been an ongoing turnaround story, and they have done so many things," Doran tells Yahoo Finance. "One of them… is just rationalizing their product lineup. They’re really looking for which vehicles are the most profitable and for them that tends to be their pickup trucks, their SUVs, they’ve really scaled down on the cars…"
Tesla’s biggest challenge, according to Doran, is that it’s beginning to lose market share to domestic and Chinese competitors. "The total pie has expanded, but the pie is not expanding for now. So they’re losing share both in China and in the US, and you’ve seen this through their price cuts."
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