Tesla Earmnings – Investing News Wire http://investingnewswire.club/ Thu, 30 Jun 2022 16:02:00 +0000 en-US hourly 1 https://wordpress.org/?v=5.9.3 https://investingnewswire.club/wp-content/uploads/2021/05/default1.png Tesla Earmnings – Investing News Wire http://investingnewswire.club/ 32 32 Short seller report calls NIO, what’s next? https://investingnewswire.club/short-seller-report-calls-nio-whats-next/ Thu, 30 Jun 2022 16:02:00 +0000 https://investingnewswire.club/short-seller-report-calls-nio-whats-next/ Andy Feng/iStock Editorial via Getty Images By Pete Johnson Leading electric vehicle company NIO (NYSE: NIO) is under pressure following the Grizzly Research report. The research firm says NIO is adjusting its financial results. With that in mind, is it time to sell, given the latest NIO stock news? NIO’s Chinese name, Weilai, means “blue […]]]>

Andy Feng/iStock Editorial via Getty Images

By Pete Johnson

Leading electric vehicle company NIO (NYSE: NIO) is under pressure following the Grizzly Research report. The research firm says NIO is adjusting its financial results. With that in mind, is it time to sell, given the latest NIO stock news?

NIO’s Chinese name, Weilai, means “blue sky ahead”. The name describes NIO’s focus on building a clean and sustainable future. But is the company misleading investors?

If the report is true, we could see further fallout from the NIO stock. Again, NIO denies the report, calling it misleading.

How will this affect NIO’s stock price as we move forward?

Short seller report calls NIO

Grizzly Research released a report yesterday claiming that NIO is playing “accounting games” to improve top and bottom bottom lines. That said, the firm has been teasing the news since last week.

The company tweeted about Grizzly’s Twitter, “next week, we’ll bring you our biggest report yet.” They also added that the company is a “darling of Wallstreet” and a retail favorite. Then, two days ago, the company shared, “We believe the company benefits retail investors.”

Nonetheless, the report highlights a few key pieces of information to back up its claims.

  • NIO may use a third party to inflate sales and revenue results.
  • The third, Wuhan Weineng, is a battery exchange service.
  • By shifting the cost of collecting subscriptions to batteries, NIO immediately recognizes revenue.
  • Grizzly claims NIO is using Weineng to boost finances.

In particular, Grizzly highlights NIO’s 2021 earnings. The research firm claims that at least 60% of 2021 revenue is due to Weineng.

To clarify, NIO runs a drum program as a service. Consumers can choose to pay a monthly subscription for their EV battery, reducing the upfront cost. But Grizzly’s research team says NIO is increasing its seven-year revenue by doing so. With this in mind, NIO can sell batteries to Weineng when needed.

Not only that, but the research company also claims that NIO’s unique battery services are misreported. For example, Grizzly points to NIO’s supposed growth in battery charging and swapping stations. However, NIO’s CAPEX does not represent it in its balance sheet.

NIO’s response

NIO today responds to the report, calling it “baseless”, saying it contains numerous errors. The answer is short and precise.

The company says Grizzly is speculating with misleading conclusions. Additionally, NIO says it is investigating the allegations while taking steps to protect investors.

Meanwhile, NIO says it will make additional disclosures to comply with exchange rules. The EV Company maintains its commitment to high standards and business clarity.

So, who is right ? For one, in NIO’s annual report, the company names Weineng as its battery asset company. On top of that, the EV maker says it has a stake of around 19.8%. As a result, according to NIO, it has only limited control over the battery company.

Since the company is not public, there is a lack of regularity in its financial reporting. However, Grizzly notes that NIO claims to own and operate the Battery Network. Because of this, Grizzly believes NIO is using the battery company to exceed Wall St.

How it affects NIO stock price

So far, the report has not drastically affected NIO’s share price. After hitting a 52-week low of more than $11 per share, NIO shares rallied beginning around mid-May.

Prior to the release of the report, NIO stock was up more than 100% from its low around $24. Since then, the share price has fallen about 9%.

At the same time, many electric vehicle stocks are down this week. You’re here (TSLA) is down 8%, Rivian (RIVN) is down 12%, and Lucid (LCID) is also down 9%. With that in mind, NIO investors apparently aren’t bothered by the news.

Additionally, there are no volume spikes indicating selling pressure. For example, the average volume of NIO is around 70K. Yesterday the volume hit 76K, and today we’re at 70K.

NIO’s share price is already down more than 67% from its all-time highs in early 2021. That said, NIO peaked much earlier than most other EV stocks. The KraneShares EV & Future Mobility ETFs (KARS) peaked last fall, as did Tesla.

At present, NIO stock is trading below the 200D SMA. But the momentum that NIO created last month broke through the 20D SMA from the 50D SMA, which may signal near-term strength. But it may struggle to cross the 200D around $27, where it has been rejected several times this year.

Other Important NIO Stock News You Should Know

While the short sellers report is getting all the attention, other NIO stock news is more positive.

  1. May Delivery Update – NIO delivered over 7,000 electric vehicles in May, bringing the total to 37,866 since the start of the year.
  2. Product launch event – The company launched the highly anticipated ES7, its fastest SUV yet.
  3. First Quarter Results – Vehicle sales hit a record 25,768 in the first quarter, up 37% year-on-year.
  4. NIO Listed on the Singapore Stock Exchange – NIO expands its global footprint by listing on SGX-ST.

Overall, it was a productive quarter for the leading electric vehicle company. Despite China’s Covid lockdown, NIO has seen demand remain relatively high.

Although the company notes that battery costs are rising, it expects to squeeze margins in the next quarter. Will NIO continue its momentum? Or does the short seller report contain some truth?

Does the latest NIO stock news make it a buy or a sell?

NIO holds a strong position in the world’s largest market for electric vehicles. Electric vehicle production nearly doubled in China last year, while revenues hit a record $102 billion in the region.

Meanwhile, NIO is taking the lead with market leader Tesla. The company’s new ES7 will likely rival Tesla’s Model Y. Both models have a range of over 300 miles and cost around $65-70,000.

In addition, NIO is expanding overseas with launches in Norway and later in Europe. Although car sales are expected to remain stable, the company is spending heavily on R&D.

Not to mention that NIO is talking about building a mainstream EV in the years to come…

Between the growth of its battery business and its self-driving features, investments are expected to continue to turn negative this year. That said, investors should prepare for a year of ups and downs.

Raw material costs make batteries more expensive. As a result, NIO earns less per car. The trend is expected to continue, with commodity prices expected to remain high this year.

If the latest news on NIO shares from short-selling firm Grizzly Research is true, we could see some fallout later this year. For long-term investors, NIO still has a solid lead in one of the largest electric vehicle markets in the world. A growing market, government support and the NIO brand will help the company continue to expand into the electric vehicle market.

Disclosure: We expressly prohibit our editors from having a financial interest in their own recommendations of securities to readers. All of our employees and agents must wait 24 hours after posting online or 72 hours after sending a print-only posting before acting on an initial recommendation. Any investment recommended by Investment U should only be made after consulting your investment adviser and only after reviewing the company’s prospectus or financial statements.

Original post

Editor’s note: The summary bullet points for this article were chosen by the Seeking Alpha editors.

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My best electric car stock to buy and keep forever https://investingnewswire.club/my-best-electric-car-stock-to-buy-and-keep-forever/ Tue, 28 Jun 2022 10:30:00 +0000 https://investingnewswire.club/my-best-electric-car-stock-to-buy-and-keep-forever/ Like it or not, the regulatory push toward electric vehicles (EVs) is undeniable. Due to this trend, several new companies have sprung up to meet demand before traditional automakers can pivot their business models. These companies have also brought business and technological innovations, as these new entrants are shedding the dealership model that compresses the […]]]>

Like it or not, the regulatory push toward electric vehicles (EVs) is undeniable. Due to this trend, several new companies have sprung up to meet demand before traditional automakers can pivot their business models. These companies have also brought business and technological innovations, as these new entrants are shedding the dealership model that compresses the margins of traditional automakers.

My best EV stock probably comes as no surprise; it is You’re here (TSLA -0.32%). Tesla is the global leader in electric vehicles, and many investors have made great returns buying the industry leader’s stock in booming markets. Even though the stock has a lot of hype, I think it still has room to run.

Image source: Tesla.

A differentiated business model

As I mentioned above, Tesla does not use the dealer network. This practice was necessary throughout the last century when it was not possible to order directly from an automobile manufacturer. Once many family-owned dealerships sprung up, the government came to their rescue by enacting franchising laws when automakers attempted to open their own dealerships.

Tesla circumvents these laws by requiring customers to purchase the vehicle online or at one of its few galleries. Then the vehicle is technically purchased through an international importer and delivered to customers. FordThe Tesla CEO estimates that Tesla saves about $2,000 per vehicle by selling direct. He has also expressed interest in switching to the practice, but government regulations prevent Ford from doing so.

At the moment, Tesla has a unique competitive advantage shared by other electric vehicle manufacturers such as Rivian. This business model allows Tesla to have higher margins compared to traditional automakers.

TSLA Operating Margin Chart (Quarterly).

TSLA Operating Margin Data (Quarterly) by YCharts.

Because Tesla generates significantly higher operating margins than its competitors, Tesla can afford to reinvest in its business at a rate that no one else can. That’s why I think Tesla deserves a higher earnings multiple. However, trading for 59 times forward earnings at recent prices, Tesla is by no means cheap. Typical legacy automakers trade around 5x earnings, but at much lower margins.

It’s hard to determine what a fair multiple is for Tesla because it’s a unique company with a unique product. I think a solid comparison is the semiconductor company Advanced micro-systems (AMD -1.06%). Why? It is a company with similar operating margins, a technologically advanced product and one that operates in a historically cyclical industry. AMD trades for around 20 times forward earnings, which is still much cheaper than Tesla.

Is this comparison perfect? Absolutely not. But I think it gives investors a good idea of ​​what to expect when Tesla reaches maturity.

But Tesla is not yet close to maturity.

Business expansion

During his first quarter 2022 conference call, CEO and co-founder Elon Musk said Tesla has a long-term goal of producing 20 million units a year. For reference, Tesla produced 1.06 million units in the last 12 months. This goal is ambitious, because Ford and General Engines produces just over 10 million combined wholesale units throughout 2021. Certainly, the chip shortage is impacting that number. Can Tesla achieve this goal? I doubt it, because automakers around the world only produced 80 million cars in 2021. Still, that provides Tesla with a “pie in the sky” goal to work towards.

With Tesla only about 5% of the way to its goal, it’s by no means finished growing. Management sees vehicle deliveries increasing by 50% per year over a “multi-year horizon”. While not quite one-to-one, it means investors can expect revenue growth (and earnings if they maintain margins) of around 50% – that’s a huge prediction. and bold.

But how long does a “multi-year horizon” last? At its current capacity, Tesla can produce about 1.05 million vehicles per year. When its factories in Berlin and Texas go live, they are expected to add about 1 million more vehicles to Tesla’s capacity. With Tesla producing 1.05 million vehicles in the past 12 months, if it grows 50% annually, it will hit its production cap within two years. Although it won’t take long, Tesla has already started the process to set up more factories, as Tesla has already filed documents to expand operations in Shanghai.

Threats

Although Tesla predicts it can, Ford, GM and others will likely have a competent EV company by then. This competition won’t necessarily squeeze Tesla’s margins, but if consumer demand can’t keep up with the increase in electric vehicle capacity, Tesla and its competitors won’t have anyone to sell to.

In line with this theme, increased production means greater pressure on raw materials. Concretely, the prices of high capacity battery materials such as lithium (+392% in one year) and cobalt (+63%) have exploded. If these two materials continue to rise, EV prices will rise and put them out of reach for many consumers.

When it comes to stocks, today’s market shows no love for any company, let alone ones with great value. Tesla’s stock could therefore continue to fall, giving investors better opportunities to grab some. However, I think investors can start looking into Tesla shares at any time.

Tesla has started changing its battery composition in standard-line vehicles, and it also has a significant first-mover advantage over traditional automakers. This first-mover advantage allows Tesla to establish a loyal customer base, which will lead to repeat purchases if Tesla can maintain it. Tesla has the best electric vehicles in its class and will likely remain there even if competitors enter the market. The stock may be expensive, but if it can achieve its long-term goals, it will still be a fantastic investment, even at today’s valuation.

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Tesla invites a new batch of Californians to enroll in a virtual power plant https://investingnewswire.club/tesla-invites-a-new-batch-of-californians-to-enroll-in-a-virtual-power-plant/ Fri, 24 Jun 2022 21:19:12 +0000 https://investingnewswire.club/tesla-invites-a-new-batch-of-californians-to-enroll-in-a-virtual-power-plant/ How could you resist the offer to be part of the world’s largest distributed battery and help keep California’s power clean and reliable? This persuasive language is part of an invitation that Tesla recently offered with the launch of its new virtual power plant in partnership with Pacific Gas and Electric Company (PG&E). The virtual […]]]>

How could you resist the offer to be part of the world’s largest distributed battery and help keep California’s power clean and reliable? This persuasive language is part of an invitation that Tesla recently offered with the launch of its new virtual power plant in partnership with Pacific Gas and Electric Company (PG&E).

The virtual power plant will allow Powerwall owners to participate in the program to help stabilize the power grid and end blackouts in California. The offer to participate in the Emergency Load Reduction Pilot Program (ELRP) proposed by PG&E would, according to Tesla, allow participants to support the grid while obtaining compensation and maintaining their energy security.

Powerwall owners who decide to join the program will earn $2 per kilowatt-hour sent back to the grid.

Tesla said it has approximately 50,000 Powerwalls that could qualify for this Virtual Power Plant (VPP) program, representing a significant amount of power capacity that can be distributed when needed on the PG&E Network.

Previous iterations of virtual power plants

In 2020, Steve Hanley of Clean Technica offered an overview of Tesla’s Virtual Power Plant program in the UK. In summary, the owner had to meet a number of existing criteria, including possession of a Tesla electric car and a home charger. Then a rooftop solar system and a Tesla Powerwall had to be added to the house. The homes in the program generated, stored and returned solar energy to the grid during peak hours. Electricity imports and exports were determined by software and occurred automatically based on energy consumption patterns, solar generation forecasts, and wholesale energy prices.

Last year, Tesla launched a test virtual power plant in California, where Powerwall owners voluntarily joined without compensation. The goal then was to allow the virtual power plant to draw power from Powerwall owners’ batteries when the grid needed it.

In 2022 David Waterworth reported on a study of the use of virtual power plants in Australia which indicated that the market was not quite ready for them. The returns for the participants appeared to be lower than what they would get by storing their excess solar production in their home batteries and using it themselves overnight.

PG&E Program Information

Stabilize the California network: The extra capacity provided by a participant’s Powerwall could help avoid or reduce outages in the event of a severe emergency. This way, Powerwall could keep the lights on for the participant and their community.

Clean the grid: Tesla will send a participant’s Powerwall when the network is in critical need of additional power. This is when the less efficient generators would usually come online.

Maintain energy security: The Powerwall will discharge during VPP events but will not discharge below the backup reserve.

Events: Tesla and PG&E will call on the virtual power plant when California’s grid operator, CAISO, declares an alert, warning or emergency in response to harsh grid conditions. Tesla and PG&E may also convene events at other times to meet the minimum 20-hour event schedule. These additional events may include responses to CAISO Flex alerts.

Before the event: When an event is scheduled, the attendee will receive a push notification informing them of the event times. The attendee can expect their Powerwall system to prioritize charging and prepare for an event once the event is scheduled. An event may be scheduled a day in advance, but circumstances may require much less notice.

During the event: When the event starts, the attendee will receive a push notification reminding them of the event end time, and the Powerwall will begin to offload to support the network. The Powerwall will discharge until the event ends or when it discharges to the selected backup reserve level. Powerwall will export a safe amount of energy, which can be similar to on-site solar export. This may not match the full power capacity of the Powerwall.

After the event: At the end of the event, the Powerwall will resume normal operation.

Control attendance: Powerwall offers the attendee 3 options to control participation in VPP events: set backup pool, opt out of a single event, and resume normal operation.

Suspend participation: Attendees can toggle in the Settings menu in the Tesla app to disable attendance. If this suspension occurs, the Powerwall system will not react to events when they are scheduled, and the participant will not be notified of the events. However, the participant is still enrolled in the program and can resume participation at any time by reactivating participation.

Compensation: The compensation depends on the participating energy capacity of the owner’s system, the number of Powerwalls and their backup reserve. Owners who reduce their save pool earn more.

Payment: At the end of the season, which is usually towards the end of the year, PG&E will calculate the Owner Contribution and Incentive Payout based on its Powerwall data. The payment is issued by Tesla and is expected to arrive before the end of March 2023.

What information is required for successful registration? Account number, meter number, PG&E service information and meter number location are required to register.

Will participation in this program have an impact on the homeowner’s electricity bill? Tesla expects most events this summer to occur during typical peak hours for many time-of-use rate plans. Participation in the event will shift energy exports to later periods in the day than typical exports.

ELRP term: The ELRP begins upon Participant’s acceptance of the Terms and will continue until at least December 31, 2023, unless expressly extended by PG&E or terminated earlier.

ELRP customer events: Events will be triggered on the previous day or current day, based on Flex Alerts or CAISO Energy Emergency Alerts between May 1 and October 31. Event times may be between 4:00 p.m. and 9:00 p.m.

Participant’s Device Data and Other Information: Participation in the ELRP involves PG&E and Tesla having access to certain personally identifiable participant information and energy consumption data. This data set may include their name, address, power usage, utility account number, device information, data generated from the ELRP, and other personal information, collectively referred to as Confidential Information.

Termination: PG&E has the sole discretion to terminate a participant’s enrollment in the ELRP at any time without cause by providing the participant with written notice.

General: The entire agreement exists between PG&E, Tesla and the participant regarding the terms of eligibility and participation in the ELRP.

Tesla Arbitration Requirement: A sole arbitrator in private arbitration will settle any disputes arising out of the beta program.


 

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Tesla (TSLA) Stock Crashes as the Market Rises: What You Need to Know https://investingnewswire.club/tesla-tsla-stock-crashes-as-the-market-rises-what-you-need-to-know/ Thu, 23 Jun 2022 21:45:20 +0000 https://investingnewswire.club/tesla-tsla-stock-crashes-as-the-market-rises-what-you-need-to-know/ Jesla (TSLA) closed the last trading day at $705.21, moving -0.43% from the previous trading session. This change lagged the S&P 500’s 0.95% gain on the day. Meanwhile, the Dow Jones gained 0.64% and the Nasdaq, a technology-heavy index, added 0.23%. Heading into today, shares of the electric car maker had gained 7.51% over the […]]]>

Jesla (TSLA) closed the last trading day at $705.21, moving -0.43% from the previous trading session. This change lagged the S&P 500’s 0.95% gain on the day. Meanwhile, the Dow Jones gained 0.64% and the Nasdaq, a technology-heavy index, added 0.23%.

Heading into today, shares of the electric car maker had gained 7.51% over the past month, outpacing the Auto-Tyres-Trucks sector’s 3.29% gain and loss of 3. 49% of the S&P 500 during this period.

Tesla will look to show strength as its next earnings release nears. The company is expected to post EPS of $2.07, up 42.76% from the prior year quarter. Our most recent consensus estimate calls for quarterly revenue of $18.59 billion, up 55.46% from the prior year period.

For the full year, our Zacks consensus estimates call for earnings of $11.36 per share and revenue of $85.77 billion, which would represent swings of +67.55% and +59, 36%, respectively, compared to the previous year.

Investors might also notice recent changes in analyst estimates for Tesla. These recent revisions tend to reflect the evolving nature of short-term trading trends. Therefore, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Our research shows that these estimate changes are directly correlated to short-term stock prices. Investors can take advantage of this by using the Zacks ranking. This model accounts for these estimation changes and provides a simple and actionable scoring system.

The Zacks ranking system ranges from #1 (strong buy) to #5 (strong sell). It has a remarkable, externally audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate rose 0.8% in the month last. Tesla currently holds a Zacks rank of #3 (Hold).

In terms of valuation, Tesla is currently trading at a Forward P/E ratio of 62.33. This represents a premium to its industry average Forward P/E of 10.89.

Investors should also note that TSLA has a PEG ratio of 2.08 at this time. This popular measure is similar to the widely known P/E ratio, except that the PEG ratio also takes into account the company’s expected earnings growth rate. The TSLA industry had an average PEG ratio of 1.01 at yesterday’s close.

The Automotive – Domestic industry is part of the Auto-Tyres-Trucks sector. This group has a Zacks Industry Rank of 153, which places it in the bottom 40% of all 250+ industries.

The Zacks Industry Rankings are ranked from best to worst in terms of the average Zacks Ranking of individual companies in each of these industries. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and more, at Zacks.com.

Zacks’ Top Picks for Leveraging Electric Vehicles

A lot of money has already been made in the electric vehicle (EV) industry. But the electric vehicle revolution has not yet reached full steam. There’s a lot of money to be made as the next push for future technologies gathers pace. Zacks special report reveals 5 top investors

See 5 EV stocks with extreme upside potential >>

Click to get this free report

Tesla, Inc. (TSLA): Free Stock Analysis Report

To read this article on Zacks.com, click here.

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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10 best companies to invest in for 2022 https://investingnewswire.club/10-best-companies-to-invest-in-for-2022/ Mon, 20 Jun 2022 22:27:28 +0000 https://investingnewswire.club/10-best-companies-to-invest-in-for-2022/ vzphotos/Getty Images Investors could do nothing but applaud their returns in 2021, as the S&P 500 shook off the effects of the coronavirus pandemic and returned more than 26% to investors through December 16, 2021. The question whether the same will be true in 2022, however, is still up in the air. So far, 2022 […]]]>

vzphotos/Getty Images

Investors could do nothing but applaud their returns in 2021, as the S&P 500 shook off the effects of the coronavirus pandemic and returned more than 26% to investors through December 16, 2021. The question whether the same will be true in 2022, however, is still up in the air. So far, 2022 looks like a “stock-picking market,” which means overall averages may be lackluster, but there will always be pockets of opportunity. Check with your financial advisor to see if any of these names match your investment goals and risk tolerance. Here’s a wide range of stocks that could outperform in 2022 based on a variety of factors, from undervalued to oversold.

Rising Gas Prices: The True Cost of Electricity
See also: 22 side gigs that can make you richer than a full-time job

jetcityimage/Getty Images

jetcityimage/Getty Images

Tesla (TSLA)

Tesla has continued to beat expectations for years, continuing its extraordinary 700% gain in 2020 with a 31% year-to-date gain in 2021 (as of Dec. 16). As of June 20, 2022, the stock was down 46% from a year ago. However, the company has transformed into a profit engine and Tesla plans to open two new gigafactories before the end of the year, which should significantly increase its production. With a market cap of $673.70, Tesla is on seemingly unstoppable momentum.

Live updates: financial trends, financial news and more

Shutterstock.com

Shutterstock.com

Atlassian (TEAM)

Atlassian is the Australian-based software company behind products like Jira, Confluence, Bitbucket, Trello, and OpsGenie. The company’s software is primarily aimed at software developers and IT departments, but it also helps small businesses collaborate and become more efficient. Atlassian’s growth exploded during the height of the coronavirus pandemic, but it should remain in favor as even more companies now know how Atalassian’s software can make enterprise teams productive. they are remote or return to the office. Consensus analyst estimates are a buy, with a 12-month median price target of $338, around 83% above current levels (as of June 20).

RinoCdZ/Getty Images

RinoCdZ/Getty Images

Disney (DIS)

Disney is a longtime Wall Street darling that has only been disappointing for investors so far in 2021. As of June 20, Disney stock was down about 40% year-to-date. , while broader markets rose by about the same amount. This wide chasm of underperformance is uncharacteristic of Disney, which has generally delivered strong and reliable returns over the long term. After rebounding strongly from the March 2020 market sell-off, Disney has fallen precipitously from its all-time high of $203.02 set in March 2021. However, signs of life abound for a rebound in 2022, as major The company’s lines of business — filmed entertainment, cruise ships and theme parks — are all reopened and generating revenue again. Disney’s vast treasure trove of content should also continue to fuel the company’s growth in its Disney+ streaming service.

Michel Verdure / Royal Caribbean International

Michel Verdure / Royal Caribbean International

Norwegian Cruise Line (NCLH)

If you’re a bit of a gambler, Norwegian Cruise Line might pique your investment interest in 2022. Cruise stocks were hammered in 2020 — it looked like they would all go bankrupt at the height of the pandemic — and there’s still experts who thought they would never be the same again, even if they survived. However, before the pandemic cruise industry was booming and after the world had returned to normal, pent-up travelers flocked to ships as soon as the pandemic was in the rear-view mirror. While the pandemic has hit cruise inventory hard, inventory is rising again and cruise lines are rebounding on firmer prices and strong customer demand. Currently, Norwegian Cruise Line is trading at 48% below its market value this time last year in 2021, but above the stock’s 70% decline in 2020.

Jason Doy/Getty Images

Jason Doy/Getty Images

PayPal (PYPL)

PayPal has almost single-handedly changed the world of payment processing, but it’s had an absolutely dismal 2022. As of June 20, the stock had fallen about 63% since the start of the year. Although PayPal’s growth has slowed down a bit, it is still generating strong profits and recorded $25.4 billion in revenue in 2021, an 18% increase from the previous year. As PayPal continues to grow and reach more users, financial transactions are likely to increase, which will benefit PayPal in the future.

Miscellaneous Photographs / Shutterstock.com

Miscellaneous Photographs / Shutterstock.com

DocuSign (DOCU)

DocuSign soared to stratospheric levels early in the pandemic, as it seemed like all business would be done remotely in perpetuity. As the world began to open up and business returned to some sense of normalcy, trust in the business began to wane. After the company reported better-than-expected earnings and revenue in its third-quarter earnings report on Dec. 3, the stock was hammered on the back of fourth-quarter projections falling short of analysts’ expectations. This whiff of slowing growth completely hammered the stock, sending it down about 40% in a single day. Although the stock is down 61% year-to-date, the company is expected to grow 33% at a compound annual growth rate through 2030, making it a smart company to invest in this year.

Daniel J. Macy / Shutterstock.com

Daniel J. Macy / Shutterstock.com

JPMorgan Chase (JPM)

JPMorgan Chase could be favorably positioned for 2022. Banks traditionally do better when long-term rates rise because they are able to lend money at higher rates while continuing to pay short-term rates lower on deposit accounts. JPMorgan Chase remains cheap on a relative basis, at around 10 times earnings, and pays a strong dividend of 3.54% (as of June 20). Most of the stock’s 30% year-to-date decline came in January, then the stock more or less leveled off to rise again in May before falling again. Despite a current decline, JPM is a reliable dividend stock with a 25% dividend payout.

FotograFFF / Shutterstock.com

FotograFFF / Shutterstock.com

Ford engine (F)

Ford Motor has had a dismal run over the past two decades, with shares trading roughly where they were in 2001 with a 48% year-to-date decline in 2022, to June 20. But the company has a new life based on its move towards self-driving and electric vehicles. The company’s new F-150 Lightning has been hailed as the “new Ford,” with nearly 200,000 reservations and a production schedule of just 15,000, 55,000, and 80,000 trucks in 2022, 2023, and 2024, respectively. The company pays a healthy dividend of 3.56% and is still trading 48% below its all-time high of $42.45 set in 1999.

Ken Wolter / Shutterstock.com

Ken Wolter / Shutterstock.com

Adobe (ADBE)

Adobe Inc. is another top flight that has fallen sharply and sits at 36% year-to-date. Some investors interpreted DocuSign’s negative outlook to mean that the pandemic boom was coming to an end and that Adobe would also suffer financially. But Adobe has consistently fired on all cylinders for years, and those trends — on the back of the company’s cloud and subscription businesses — look likely to continue. Despite some setbacks this year, Adobe has grown 148% over the past five years and remains a valuable stock to invest in this year.

StockStudio / Shutterstock.com

StockStudio / Shutterstock.com

Pfizer (PFE)

Pfizer has always been a defensive stock in times of overvalued markets, so if you think a bubble is forming, Pfizer might be a good option for you. But Pfizer is much more than a safe haven. Pfizer’s COVID-19 vaccine has seen significant increases in revenue due to the pandemic and its revenue could reach $109 billion by the end of 2022. Beyond its vaccine production, Pfizer still has healthy drug pipeline, strong free cash flow and a 3.44% dividend yield. from June 20.

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This article originally appeared on GOBankingRates.com: 10 Best Companies to Invest in for 2022

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Tesla cuts job postings since Elon Musk’s economic warning https://investingnewswire.club/tesla-cuts-job-postings-since-elon-musks-economic-warning/ Sun, 19 Jun 2022 03:58:06 +0000 https://investingnewswire.club/tesla-cuts-job-postings-since-elon-musks-economic-warning/ SAN FRANCISCO—Tesla has cut job openings by 14% since Chief Executive Elon Musk warned he was worried about the economy, needed to cut staff and would suspend hiring in the whole world. Tesla shares are an ominous sign of the health of the global economy as markets contract, inflation soars and recession worries rage. The […]]]>

SAN FRANCISCO—Tesla has cut job openings by 14% since Chief Executive Elon Musk warned he was worried about the economy, needed to cut staff and would suspend hiring in the whole world.

Tesla shares are an ominous sign of the health of the global economy as markets contract, inflation soars and recession worries rage.

The number of job postings on Tesla‘s website fell to 5,011 from 5,855 earlier this month, according to data provided to Reuters by Thinknum Alternative Data. Registrations are down 32% from the recent high on May 21.

In addition, about 20 people identifying themselves as Tesla employees said they had been fired, fired or lost their jobs in the past week in online posts and interviews with Reuters. That’s a tiny number compared to the size of Tesla’s workforce, but several have described being part of a 10% job cut, signaling that the company is indeed laying off workers.

Other Tesla employees spoke of a sense of uncertainty about how the job cuts would be implemented and said Musk’s order earlier this month to return to the office and halt to work remotely had made their positions untenable.

Tesla did not respond to Reuters’ request for comment.

The full scope of the job cuts and the extent to which those cuts were offset by additional hiring were not immediately clear, and Tesla remains a sought-after employer with a climate-focused mission and an innovation record that has fueled the surge in vehicle sales.

Tesla, which had around 100,000 employees globally at the end of last year, also canceled three online recruitment events for China that were scheduled for this month.

Tesla continued to hire in some regions, including Germany, where Tesla is ramping up production at a delayed electric vehicle factory near Berlin. The regional economy minister for Brandenburg, the state where the plant is located, said earlier this week that Tesla was hiring 500 to 600 new workers a month and had recruited around 4,500 so far.

Musk told Tesla executives in a June 2 email seen by Reuters that he had a “very bad feeling” about the economy and that the company needed to cut its workforce by about 10% and ” suspend all hiring worldwide”.

He followed up the next day with a memo to all employees that the 10% job cuts would apply to salaried workers, not hourly workers. And on June 4, he said in a tweet that over the next 12 months, employee headcount would stay the same and Tesla’s total headcount would likely increase. Musk’s warning about the economy has been interpreted by analysts as a warning for the broader auto sector, which has seen strong demand relative to production despite two years of a global pandemic and growing concern over risk. of recession.

Tesla achieved record deliveries and profits despite supply chain constraints, but a lockdown in Shanghai curtailed production. Its stock price has also fallen 40% this year, in part due to concerns from Tesla investors over Musk’s offer to buy Twitter. Others have found evidence that Tesla has withdrawn its job offers in recent weeks. Hedge fund Snow Bull Capital calculated a 24% drop in Tesla job postings globally in the first week of June and a 12% drop in the second week of June.

Julian Cantu, who had worked for Tesla for more than a year in Austin, Texas, said he was told his position had been cut. “I didn’t necessarily think that would happen to me,” said Cantu, who was paid on an hourly basis.

Cantu told Reuters that several other members of his team also had their posts cut. Some of them had moved to Texas to work for Tesla, he said.

Others who have left Tesla include the company’s country manager in Singapore, the company’s senior representative in India, a market in which it has suspended entry plans, and a senior executive at the company. Tesla’s Texas plant.

Two days before his work warning, Musk said in a company email that he would fire workers who didn’t return to the office, saying making the most exciting products ‘won’t happen on the phone’ .

Tesla, headquartered in Texas, also has US offices in Fremont and Palo Alto, California.

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Tesla raises prices across the lineup, with Model X up to $6,000 – TechCrunch https://investingnewswire.club/tesla-raises-prices-across-the-lineup-with-model-x-up-to-6000-techcrunch/ Thu, 16 Jun 2022 06:27:41 +0000 https://investingnewswire.club/tesla-raises-prices-across-the-lineup-with-model-x-up-to-6000-techcrunch/ Tesla has raised prices again, with some models going up to $6,000. The automaker has raised prices for its luxury electric vehicles several times this year, including a large price hike twice in the same week in March and a smaller increase on some Model 3s in April. Tesla updated its online configurator on Wednesday […]]]>

Tesla has raised prices again, with some models going up to $6,000. The automaker has raised prices for its luxury electric vehicles several times this year, including a large price hike twice in the same week in March and a smaller increase on some Model 3s in April.

Tesla updated its online configurator on Wednesday to reflect the price increase across its lineup, according to Electrek, which has tracked the price increase. Archived copies of Tesla’s website via Wayback Machine taken as recently as April 23 confirm the price difference.

As usual, Tesla didn’t provide an explanation for the price increase, but given similar hikes made by other automakers, it’s probably safe to assume that a combination of inflation, Supply chain issues and slow production in China are all contributing factors.

In April, during Tesla’s first quarter earnings call, CEO Elon Musk said he thought inflation was worse than expected and would likely last through 2022. He also said said global raw material supply constraints could hamper future production.

Here’s a look at the increases for Tesla vehicles this time around:

  • Tesla Model X: The long-range, dual-motor, all-wheel-drive Model X is down from $114,990 to $120,990 today. That’s a $6,000 increase for the electric SUV. Pricing for the Model X Plaid at $138,990 has yet to be affected.
  • Tesla Model S: The dual-motor, all-wheel-drive Model S Long Range went from $99,990 to $104,990 on Wednesday, an increase of $5,000. As with the Model X, the Plaid will remain priced the same at $135,990.
  • Tesla Model Y: Both versions of the automaker’s most popular model went up. The Long Range went from $62,990 to $65,990 and the Performance went from $67,990 to $69,990, an increase of $3,000 and $2,000, respectively.
  • Tesla Model 3: The Long Range moved from $54,490 to $57,990, an increase of $2,500.

Tesla stock is up 5.48% after hours trading.

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Tesla Rival, backed by Amazon, said it is delaying deliveries of electric vehicles https://investingnewswire.club/tesla-rival-backed-by-amazon-said-it-is-delaying-deliveries-of-electric-vehicles/ Tue, 14 Jun 2022 06:56:09 +0000 https://investingnewswire.club/tesla-rival-backed-by-amazon-said-it-is-delaying-deliveries-of-electric-vehicles/ Rivian Automotive, Inc. SHORE could face a setback with its R1S SUV launched in December. What happened: R1S delivery schedules have been pushed back from one month to nine months, Autoevolution said, citing a letter Rivian sent to reservation holders and information shared among forum members. Amazon.com Inc. AMZN– contended Rivian allegedly attributed the delay […]]]>

Rivian Automotive, Inc. SHORE could face a setback with its R1S SUV launched in December.

What happened: R1S delivery schedules have been pushed back from one month to nine months, Autoevolution said, citing a letter Rivian sent to reservation holders and information shared among forum members.

Amazon.com Inc. AMZN– contended Rivian allegedly attributed the delay to supply chain challenges and prioritizing deliveries to locations where the service infrastructure is in place to “provide a full ownership experience” to users from day one.

Some users have seen deliveries move from March/April to August/September, while others are facing longer delays and are considering an October/December schedule, the report noted.

Autoevolution said not all users of the wire have complained of pushbacks, which could mean some of the deliveries could be on the way.

Related Link: Rivian Q1 Results Highlights: 2,553 Vehicles Produced, 1,227 Delivered, Supply Chain Constraints, and More

Why it matters: Shares of Rivian came under significant selling pressure following a high-profile initial public offering in November. Although the company managed to unveil an electric pickup truck before its competitors, it faced production issues for the R1T due to supply constraints. In March, the company notably lowered its production forecast for 2022.

Liquidation of shares by major shareholders, including Ford Motor Company Fafter the lockdown expired and the general market chaos put additional pressure on the stock.

Price action: Rivian closed Monday’s session down 5.47% at $26.81, according to data from Benzinga Pro.

Photo: Courtesy of Rivian

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Tesla Vision expands to Australia and New Zealand for camera-based Autopilot https://investingnewswire.club/tesla-vision-expands-to-australia-and-new-zealand-for-camera-based-autopilot/ Sat, 11 Jun 2022 17:40:43 +0000 https://investingnewswire.club/tesla-vision-expands-to-australia-and-new-zealand-for-camera-based-autopilot/ Tesla has extended its camera-based Autopilot strategy, known as Tesla Vision, to two new territories, Australia and New Zealand. In May 2021, Tesla began shipping Model 3 and Model Y vehicles equipped with Tesla Vision, the company’s camera-based autopilot feature. Tesla’s Autopilot and Full Self-Driving suites, which feature several active safety measures, are powered entirely […]]]>

Tesla has extended its camera-based Autopilot strategy, known as Tesla Vision, to two new territories, Australia and New Zealand.

In May 2021, Tesla began shipping Model 3 and Model Y vehicles equipped with Tesla Vision, the company’s camera-based autopilot feature. Tesla’s Autopilot and Full Self-Driving suites, which feature several active safety measures, are powered entirely by cameras and neural network computing. Tesla has always planned to, as Elon Musk said during the Q1 2021 earnings call:

“When your vision works, it works better than the best human because it’s like having eight cameras, it’s like having eyes in the back of your head, beside your head, and having three eyes apart. different focal lengths looking forward. That’s – and processing it at superhuman speed. There’s no doubt in my mind that with a pure vision solution, we can create a car that’s considerably safer than the person mean.

Tesla has revealed that it has now transitioned from Model 3 and Model Y vehicles which are being built from June 2022 for the Australian and New Zealand markets to its camera-based Tesla Vision.

“We are continuing to transition to Tesla Vision, our camera-based autopilot system. Model 3 and Model Y vehicles built from June 2022 for the Australian market now use our camera-based Tesla Vision, which leverages Tesla’s advanced camera suite and neural network processing to provide Autopilot and associated features,” the company said in a post, which was first captured by members of the r/TeslaMotors subreddit.

Tesla said it would initially limit one feature. Autoguiding speed will be limited to a maximum of 140 km/h, and the following distance will be slightly longer than normal. Tesla regularly introduced new features in a limited way to ensure maximum security. Tesla pledged to take the same precautions when rolling out Pure Vision in the United States, Mexico and Canada last year, and when rolling out to European and Middle Eastern markets earlier this year.

Tesla added the Model S and Model X to the Pure Vision lineup in February, but only in North America.

I would love to hear from you! If you have any comments, concerns or questions, please email me at [email protected]. You can also reach me on Twitter @Christi86567288or if you have any topical advice, you can email us at [email protected]

Tesla Vision expands to Australia and New Zealand for camera-based Autopilot






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Tesla: the bullish and bearish cases right now https://investingnewswire.club/tesla-the-bullish-and-bearish-cases-right-now/ Fri, 10 Jun 2022 12:30:00 +0000 https://investingnewswire.club/tesla-the-bullish-and-bearish-cases-right-now/ You’re here (TSLA -3.08%) has taken investors on a roller coaster ride since the start of 2022 – crashing, recovering, then crashing again. It is now down 30% since the start of the year, which is a steep drop from the S&P500That’s a 14% drop. As a result, Tesla bulls are promoting it even more […]]]>

You’re here (TSLA -3.08%) has taken investors on a roller coaster ride since the start of 2022 – crashing, recovering, then crashing again. It is now down 30% since the start of the year, which is a steep drop from the S&P500That’s a 14% drop. As a result, Tesla bulls are promoting it even more enthusiastically as a golden buying opportunity. Tesla bears, on the other hand, were quick to warn investors that shares of Elon Musk’s electric vehicle (EV) company could drop significantly.

After surpassing a market capitalization of $1 trillion at the end of 2021, the company’s market value now sits at around $770 billion. Does the polarizing electric vehicle leader have what it takes to reclaim its $1 trillion status and continue growing into the future?

Image source: Getty Images.

What the bulls say

The bulls are absolutely thrilled with Tesla’s operational performance so far. As it should be – Tesla released a record first quarter report despite China’s COVID-related factory shutdowns and ongoing supply chain issues. Its revenue rose 81% year over year to $18.8 billion, and its adjusted earnings jumped 246% to $3.22 per share. Adjusted EBITDA margin increased 906 basis points to 26.8%, and the company generated $2.2 billion in free cash flow, a stunning 660% increase over the period. the previous year.

Total vehicle production and deliveries increased 69% and 68% year-over-year to 305,407 and 310,048, respectively, and management expects 50% average annualized growth in deliveries over the multi-year. Tesla continues to expand its business at a rapid pace and, fortunately for the electric vehicle juggernaut, the company has ample resources to fund its ambitious product roadmap. With $18.0 billion in cash, cash equivalents and short-term marketable securities on its balance sheet, and just $100 million in debt excluding vehicle and energy financing, Tesla’s finances are solid to say the least. Combined with the fact that it has become a very profitable business, the bulls have every right to smile from ear to ear.

What bears say

Bears are quick to point out the outrageously high valuation of the EV company. Even after losing more than 30% of its value this year, the stock still trades at 60 times forward earnings, a steep premium to other automakers. Traditional automakers Ford and General Motors trade at forward price/earnings multiples of 7.0 and 5.3, respectively. Tesla’s high valuation is enough to rule out value-oriented investors for now.

The EV leader is also facing a variety of headwinds right now. A high inflation environment is never ideal for consumer discretionary stocks, and supply chain constraints are likely to persist for the foreseeable future. Similarly, Musk didn’t help Tesla’s cause with his distracting potential takeover of Twitter and his recent comments about the company’s downsizing of employees, suggesting that a recession in the near future is likely. Between macro conditions and its CEO’s penchant for generating polarizing headlines, there’s certainly a good chance Tesla’s stock will come under more downward pressure.

Should investors buy Tesla now?

Seen through a long-term investment lens, Tesla is a valid buy today. Compared to traditional automakers, its stock is undeniably expensive. However, the electric vehicle industry is growing at a much faster rate, and Tesla’s growth rates are significantly better than those of traditional automakers. In addition, the stock price is more reasonable than that of other pure electric vehicle companies. The new comers Lucid Group and Rivian Automotive are trading at price/forward sales multiples of 23.2 and 13.8, respectively, versus 8.6 for Tesla currently.

Overall, I view Tesla’s pullback as a good buying opportunity. The company’s EV business is seeing robust growth, and it still has considerable potential with its battery storage segment and fully self-driving car projects. Assessing risk is important, but I feel comfortable recommending Tesla stock today.

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