White House Praises Amazon, Waymo and Hertz for EV Commitment
March 31, 2023
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The White House recently praised Amazon, Waymo and Hertz for their commitments to electric vehicles. All three companies have committed to significantly reducing their emissions in the coming years, and this is a major step forward in the fight against climate change. The White House has recognized these efforts and praised the companies for taking an active role in addressing one of the most pressing global issues of our time. Amazon.com ($NASDAQ:AMZN), Inc. is a multi-national technology company based in Seattle, Washington. It is best known as an e-commerce giant, but it is also the largest cloud computing provider in the world. The company’s stock (AMZN) is a part of the NASDAQ 100 Index and is widely followed by investors. Recently, Amazon has been pushing into electric vehicles with their Amazon Prime program. Similarly, Waymo, which is a Google subsidiary, has put a great deal of effort into developing autonomous electric vehicles. They have partnered with Jaguar to create the world’s first self-driving electric vehicle fleet and have set up a network of charging stations to support their fleet.
Additionally, they have committed to investing in electric infrastructure and expanding their fleet in order to reduce emissions and urban pollution. Finally, Hertz has also made significant commitments to reducing its emissions by investing in electric vehicles. The company has committed to purchasing hundreds of electric cars for its rental service and making them available for both short and long-term rentals. Additionally, they are installing electric charging stations at many of their locations to make it easier for customers to charge their vehicles. These commitments are a major step forward in the fight against climate change, and it is encouraging to see major companies taking an active role in addressing this issue.
Stock Price
The move is part of the Biden administration’s focus on reducing US dependence on gasoline and other fossil fuels. Amazon.com, which has been at the forefront of the e-commerce revolution, leads the way in its commitment to reduce carbon emissions by transitioning its entire fleet of delivery vehicles to EVs. Waymo and Hertz are also following suit to transition their fleets to electric vehicles. The announcement of the White House’s recognition of these companies’ commitment to EVs caused Amazon.com’s stock price to surge by 1.7% on Thursday. The stock opened at $101.6 and closed at $102.0, up from its prior closing price of $100.2.
This is a testament to investors’ confidence in Amazon’s ability to remain ahead of the curve in the transition to a low-carbon economy. The White House’s praise for these companies’ commitment to EVs is a positive sign for the future of electric vehicles. As more companies make the transition to EVs, it will help reduce pollution and contribute to a healthier environment. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Amazon.com. More…
| Total Revenues | Net Income | Net Margin |
| 513.98k | -2.72k | 1.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Amazon.com. More…
| Operations | Investing | Financing |
| 46.75k | -37.6k | 9.72k |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Amazon.com. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 462.68k | 316.63k | 14.25 |
Key Ratios Snapshot
Some of the financial key ratios for Amazon.com are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 22.4% | -5.6% | -0.7% |
| FCF Margin | ROE | ROA |
| -3.3% | -1.6% | -0.5% |
Analysis
At GoodWhale, we conducted an analysis of AMAZON.COM‘s wellbeing. According to the Risk Rating that we calculated, it is a low risk investment in terms of its financial and business aspects. However, our analysis did detect one risk warning in the income sheet that our users should be aware of. To find out more about this warning, you can register on goodwhale.com and check it out for yourself. Our team of experts is always available to provide additional guidance and support when needed. More…
Peers
Amazon.com Inc is an American multinational technology company based in Seattle, Washington, that focuses on e-commerce, cloud computing, digital streaming, and artificial intelligence. It is considered one of the Big Four technology companies, alongside Google, Apple, and Facebook.
PChome Online Inc is a Taiwanese online shopping company established in 2000. PChome Online is the largest e-commerce platform in Taiwan, with over 60% of the country’s online shopping market share.
The RealReal Inc is an American online luxury resale store headquartered in San Francisco, California. The company sells consigned clothing, accessories, jewelry, watches, and art from a variety of luxury brands.
Zalando SE is a German e-commerce company headquartered in Berlin, that specializes in selling shoes, clothing, and other fashion items. The company was founded in 2008 and has since grown to become one of the largest online fashion retailers in Europe.
– PChome Online Inc ($TPEX:8044)
PChome Online Inc is a Chinese internet company that provides online services through its websites. The company offers a variety of services, including online shopping, online payments, online advertising, and others. PChome Online Inc is listed on the Nasdaq Global Market under the ticker symbol PCLN.
As of 2022, PChome Online Inc had a market capitalization of 5.78 billion US dollars. The company’s return on equity was 3.34 percent. PChome Online Inc is a leading player in the Chinese internet market, with a strong presence in online shopping and online payments. The company is well positioned to benefit from the growing trend of online shopping in China.
– The RealReal Inc ($NASDAQ:REAL)
The RealReal Inc is a luxury consignment company with a market cap of 117.51M as of 2022. The company offers consignment services for luxury items such as clothing, jewelry, and watches. The company has a return on equity of 137.64%.
– Zalando SE ($OTCPK:ZLDSF)
Zalando SE is a German e-commerce company that specializes in selling shoes, clothing and other fashion items. The company was founded in 2008 and is headquartered in Berlin. As of 2022, Zalando SE has a market cap of 5.66B and a return on equity of 4.78%. The company’s main competitors are Amazon, eBay and Alibaba.
Summary
It has become a major player in the online shopping and cloud computing sectors, with its AWS platform taking a sizable share of the market. Investing in Amazon can provide investors with strong returns due to the company’s impressive financials, including revenue growth, low debt, and a high dividend yield. Amazon has been rated a buy by several analysts due to its strong market position and potential future opportunities.
Investors should be aware of the risks associated with investing in Amazon, such as regulatory changes, competition, and rapid technological changes. Overall, Amazon is an attractive investment option for those interested in long-term success.
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