Lates News

A research report from Deutsche Bank stated that the recent weakness in the stock price of Ideal Automobiles may be a good buying opportunity for investors. Attention is expected to shift to the company's upcoming i6 model, which is set to be released to the mass market in September. Analysts at the bank attributed the recent decline in the company's stock price to concerns in the market about the order flow for the newly launched i8 model. Deutsche Bank noted that in early August, Ideal Automobiles' national weekly new orders fell by about 29% compared to the previous month. Negative comments on social media regarding the company's safety-related advertising campaigns and the relatively small size of the high-end electric SUV market may have led to the decline in orders. However, these factors may only be temporary, as Deutsche Bank predicts that Ideal Automobiles' new order flow will start to recover by the end of the month.