Part of Highway 15 closed in Fort Saskatchewan due to lost semi load
Police issued a traffic advisory around 9:15 a.m. saying Highway 15 is closed in all directions.
Highway 21 has been reduced to one lane.
'Although it is still passable, drivers should expect delays,' Mounties said.
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Globe and Mail
3 hours ago
- Globe and Mail
Prediction: Buying Tesla Stock Today Could Set You Up for Life
According to most demand projections, electric vehicle (EV) stocks have a bright future. One forecast, for example, believes EV sales should comprise nearly one-third of all new car sales in the U.S. by 2030. That's up from just 3.4% in 2021. Tesla (NASDAQ: TSLA) in particular is in a prime position. It's better funded than the competition. Plus, the company has a bigger and more diverse lineup than other EV makers. But there's one emerging growth opportunity that could allow Tesla stock to help set you up for life. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » Tesla is in the driver's seat for growth in EV demand It's not easy to start an electric car manufacturing business. It's even harder to scale this type of business into something successful. At least 30 EV makers over the last decade alone have either gone bankrupt or faced complete collapse at some point. It's already hard to design and launch any product as a start-up. But for EV makers, it's exceptionally hard. That's because it typically takes billions of dollars to get a new car to market from scratch. One analyst explains: Tesla, outside of the Chinese, is kind of the first automaker to start in half a century. Rivian and Lucid are sort of the next two closest of the Western ones. Both of them have eviscerated $10 billion. So it's interesting to see these other small start-ups who raise $1 billion or $2 billion and they think that's enough. It's not even close. Right now, both Lucid and Rivian remain unprofitable. Tesla, meanwhile, has been profitable nearly every quarter for the past five years. With EV demand set to explode over the next five years, Tesla has an enviable capital advantage. That's largely due to its ability to raise new capital at any time, which it can then reinvest in more manufacturing infrastructure or product development. With a $1 trillion market cap, Tesla can raise $25 billion in fresh cash by diluting existing shareholders by just 2.5%. Keep in mind that Lucid and Rivian's entire valuations combined are less than $25 billion right now. So when it comes to taking advantage of EV demand, Tesla is in the driver's seat. But a completely different opportunity could end up adding significantly more value to Tesla's stock price over the next decade and beyond. One opportunity that could add $1 trillion to Tesla's valuation Last month, Elon Musk finally launched a robotaxi service in Austin, Texas, powered by semi-autonomous Tesla vehicles. The launch was years in the making. Eventually, Tesla intends to produce Cybercabs: EVs designed specifically for autonomous taxi services. While this opportunity is still in its infancy, analysts are lauding the potential impact on Tesla's business. Cathie Wood, CEO of Ark Invest, thinks the move will kick-start a global robotaxi market that could dwarf Tesla's current valuation. "We think US$8 [trillion] to US$10 trillion for the entire autonomous taxi opportunity throughout the world, from almost nothing," she told investors at a conference in March. She thinks 90% of Tesla's market cap will eventually be attributed to its robotaxi division. Her price target for the stock is $2,600 per share within five years. Wood is known for her aggressively optimistic projections. And as analyst Dan Ives stresses, there will be "many setbacks" along the way. But the opportunity for Tesla is undeniable. Due to its capital and scale advantage, it's perhaps the only current EV maker that can think this big. Alphabet and Amazon have their own fledgling robotaxi divisions. But Tesla's existing scale, reputation, and product know-how gives it an undeniable edge. Ives believes that the robotaxi opportunity alone could add $1 trillion to Tesla's market cap by the end of 2026. That suggests more than 100% in near-term upside, with plenty of additional runway in the years to come. To be clear, the full robotaxi opportunity will be a story measured in decades, not quarters. But the growth opportunity is clear, and Tesla remains in the driver's seat, making the stock an attractive "buy it for life" investment. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $409,737!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,949!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $722,181!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. See the 3 stocks » *Stock Advisor returns as of June 30, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Ryan Vanzo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, and Tesla. The Motley Fool has a disclosure policy.
Globe and Mail
3 hours ago
- Globe and Mail
Is Tesla Still the EV King?
Tesla TSLA has been a polarizing stock over the last decade, delivering massive gains for investors as we increasingly shift toward EVs. And in 2025, shares have been volatile, down 25% overall with big price swings. Notably, the stock currently sports an unfavorable Zacks Rank #5 (Strong Sell), with analysts revising their EPS expectations negatively across the board in a big way over recent months. The downward revisions paint a challenging picture for TSLA's share performance in the near term, and investors can expect a heightened level of volatility here given the stock's historical nature. With that said, let's take a closer look at its latest set of quarterly results and a big competitor, Rivian Automotive RIVN. Tesla Faces Sales Decline Tesla reported Q1 revenue of $19.3 billion and adjusted EPS of $0.27 in its latest release, reflecting year-over-year declines of 9% and 50%, respectively. Still, results from Tesla's Energy Generation & Storage segment reflected some positivity, with sales climbing 67% year-over-year to $2.7 billion. Below is a chart illustrating the company's sales on a quarterly basis. Concerning EV production/deliveries, Tesla delivered roughly 337k EVs and produced nearly 363k throughout the period. While the EV numbers are important, another critical aspect of the release was the margin picture, with the company's gross margin contracting to 16.3% vs. a 17.4% print in the same period last year. Please note that the margins chart below is calculated on a trailing twelve-month basis. The crunched profitability has been a big headwind for the stock, regularly dictating post-earnings price movements as of late. Rivian Sees Upward EPS Revisions Rivian shares have been much stronger in 2025 so far, gaining roughly 2% compared to Tesla's 25% decline. Its latest set of quarterly results was primarily positive, with gross profit of $206 million reflecting a quarterly record. Notably, the company produced roughly 14.6k vehicles throughout the period, delivering 8.6k. While the numbers are miniscule compared to that of Tesla, the results remained in-line with management's previous guidance, a critical hurdle to clear for any EV player. It's worth noting here that while Rivian has 100% US vehicle manufacturing and sources most materials (excluding cells) in the US, it's still not immune to the impacts of the current global trade and economic environment. The company revised its current-year guidance concerning vehicle deliveries as a result, now expecting FY25 deliveries in a range of 40-60k. The earnings outlook for Rivian remains bullish, with the current Zacks Consensus EPS estimate of -$2.49 up 14% over the last several months. The company has enjoyed positive revisions across nearly all timeframes, as shown below. Putting Everything Together Tesla TSLA shares have been big-time winners over the past decade for many, but recent performance has undoubtedly left a sour taste in many mouths. The recent profitability crunch and slowing sales growth are driving forces behind the stock's poor performance, with competition also quickly becoming fierce. Rivian RIVN shares have been much stronger in 2025, with the company's EPS outlook much more favorable. Given Tesla's current Zacks Rank #5 (Strong Sell) rating, investors would be better off waiting on positive EPS revisions, which would signal a bullish turnaround in sentiment. Only $1 to See All Zacks' Buys and Sells We're not kidding. Several years ago, we shocked our members by offering them 30-day access to all our picks for the total sum of only $1. No obligation to spend another cent. Thousands have taken advantage of this opportunity. Thousands did not - they thought there must be a catch. Yes, we do have a reason. We want you to get acquainted with our portfolio services like Surprise Trader, Stocks Under $10, Technology Innovators, and more, that closed 256 positions with double- and triple-digit gains in 2024 alone. See Stocks Now >> Tesla, Inc. (TSLA): Free Stock Analysis Report Rivian Automotive, Inc. (RIVN): Free Stock Analysis Report
CTV News
4 hours ago
- CTV News
Crash sends 3 to hospital in Surrey, B.C.
A Surrey Police Service patch is seen on an officer's uniform in Surrey, B.C., on Friday, Nov. 29, 2024. THE CANADIAN PRESS/Darryl Dyck Three people were transported to hospital, including one with life-threatening injuries, after a vehicle collision Tuesday in Surrey, B.C. First responders were called to the crash scene near 120 Street and 97 Avenue at approximately 4:10 p.m., the Surrey Police Service said in a statement. Three people were treated by firefighters and paramedics at the scene while three others were taken to hospital. Two of those rushed to hospital had sustained minor injuries while the third was 'in life-threatening condition,' police said. The area of 120 Street between 96 Avenue and 97A Avenue is expected to be closed to traffic in both directions for several hours. Drivers are advised to use alternate routes through the area and expect delays while police remain on scene.
