Tesla Earmnings – Investing News Wire http://investingnewswire.club/ Wed, 22 Sep 2021 09:12:53 +0000 en-US hourly 1 https://wordpress.org/?v=5.8 https://investingnewswire.club/wp-content/uploads/2021/05/default1.png Tesla Earmnings – Investing News Wire http://investingnewswire.club/ 32 32 Why Tesla (NASDAQ: TSLA) is one of the S&P 500’s best buys https://investingnewswire.club/why-tesla-nasdaq-tsla-is-one-of-the-sp-500s-best-buys/ https://investingnewswire.club/why-tesla-nasdaq-tsla-is-one-of-the-sp-500s-best-buys/#respond Wed, 22 Sep 2021 09:12:53 +0000 https://investingnewswire.club/why-tesla-nasdaq-tsla-is-one-of-the-sp-500s-best-buys/ With the stock market having fallen sharply in recent trading sessions, investors would likely expect a high beta tech stock like Tesla (NASDAQ: TSLA) also be significantly lower. This is surprisingly not the case, as the EV company has shown serious relative strength amid the weakness in the market. This could be a sign that […]]]>

With the stock market having fallen sharply in recent trading sessions, investors would likely expect a high beta tech stock like Tesla (NASDAQ: TSLA) also be significantly lower. This is surprisingly not the case, as the EV company has shown serious relative strength amid the weakness in the market. This could be a sign that Tesla is gearing up for a year-end rally, especially considering the fact that the stock has remained neutral for most of 2021.

While Tesla’s current valuation may raise eyebrows for investors keen on fundamental analysis, the company’s unique brand and its status as a market leader in the electric vehicle industry still make it one of the most intriguing companies. today. According to MarketBeat, there are even analysts bold enough to set a target price of $ 1,200 on the stock, which implies massive upside potential.

The truth is, Tesla might be one of the best stocks to consider buying into the S&P 500 right now, and here are a few reasons why:

It’s a disruptive business in growing markets

Sometimes it pays to keep it simple when it comes to investing. We know how many governments and businesses are focusing on clean energy sources as an alternative to fossil fuels, and this trend will only accelerate in the years to come. For example, consider the Biden administration’s $ 7.5 billion plan to expand electric vehicle charging to underserved areas. This is one of the main reasons Tesla could offer a strong outperformance in the long run, as it is a company that is disrupting both the automotive and power generation sectors with technology from peak clean energy.

The global electric vehicle market is expected to reach around $ 725 billion by 2026 and international markets like China and Europe are experiencing huge demand for these vehicles. Tesla is well positioned to expand internationally in these high growth markets with a gigafactory in Shanghai and a planned gigafactory in Berlin. Tesla is also investing heavily in R&D to reduce manufacturing costs and improve technology, which could at some point enable mass adoption of electric vehicles. Sustainable power generation products such as solar panels, solar roofs and batteries are also an underrated aspect of Tesla’s business, especially with the global renewable power generation market, except growth at a CAGR of 7.9% from 2020 to 2027.

The first luxury electric vehicle brand

Tesla has come a long way from a rambling start-up to a renowned luxury automaker with 3 of the 5 best-selling electric vehicles in the United States in the second quarter of 2021. Much of this has to do with the brand’s branding. business, which is another important reason. consider adding actions. Sure, other automakers are getting into the electric vehicle business and trying to capture market share from Tesla, but it’s hard to replicate intangibles as a strong brand. Early investors have certainly been rewarded for embracing the vision of charismatic company CEO Elon Musk, and it’s fair to say that the Tesla brand is stronger than ever right now.

Tesla’s constant technological innovation has been one of the main catalysts that has helped the development of the company’s brand. Tesla’s vehicles, for example, boast top-notch battery life and the ability to handle transmission updates with a simple Wi-Fi or cellular connection. The company’s extensive network of compressors can deliver a full battery charge in under an hour. In addition, luxury car buyers are often interested in exclusivity and speed, and the Tesla Model S Plaid can go from 0 to 60 miles per hour in under 2 seconds, making it one of the cars fastest production lines in the world and delivers these qualities in spades. These are all unique innovations that have helped Tesla grow its brand, and it’s hard to imagine another competitor stealing the crown for luxury electric vehicles anytime soon.

Constant improvement in income

Finally, investors should be very optimistic about Tesla’s recent earnings history as the company steadily improves its financial results. Tesla achieved an industry-leading 6.3% operating margin in fiscal 2020 as well as an increase in 2020 EPS of 7,367% year-over-year. These results were all the more impressive as many automakers struggled to cope with the impacts of the pandemic. It is clear that the company is heading in the right direction in terms of profit growth, and in 2021 the trend has continued so far.

Tesla topped $ 1 billion in GAAP net income in the second quarter for the first time in company history. The company also reported a 97% increase in second quarter year-over-year revenue and saw significant growth in vehicle deliveries, which is noteworthy given the global shortage of semiconductors. The bottom line here is that if Tesla can continue to drive profit growth, lower operating costs, and produce more innovation, the sky is the limit for shareholders.

Tesla is part of the Entrepreneur Index, which tracks some of the largest publicly traded companies founded and run by entrepreneurs.

(A d)

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Should you invest $ 1,000 in Tesla right now?

Before you consider Tesla, you’ll want to hear this.

MarketBeat tracks Wall Street’s top-rated and top-performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat identified the five stocks that top analysts quietly whisper to their customers to buy now before the broader market takes hold of… and Tesla was not on the list.

While Tesla currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better bets.

See the 5 actions here

Companies mentioned in this article

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GM looks more like Tesla with latest announcement https://investingnewswire.club/gm-looks-more-like-tesla-with-latest-announcement/ https://investingnewswire.club/gm-looks-more-like-tesla-with-latest-announcement/#respond Tue, 21 Sep 2021 17:06:00 +0000 https://investingnewswire.club/gm-looks-more-like-tesla-with-latest-announcement/ Text size General Motors is one of the traditional automakers pushing the most aggressively in Tesla’s territory. Bill Pugliano / Getty Images American auto giant General Motors is one of the most aggressively pushing traditional car manufacturers in by Tesla territory. In its latest move, GM (ticker: GM) unveiled all-new electric vehicle engines that will […]]]>

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Rivian develops sliding door patent, hinting at minivan https://investingnewswire.club/rivian-develops-sliding-door-patent-hinting-at-minivan/ https://investingnewswire.club/rivian-develops-sliding-door-patent-hinting-at-minivan/#respond Mon, 20 Sep 2021 20:26:15 +0000 https://investingnewswire.club/rivian-develops-sliding-door-patent-hinting-at-minivan/ Rivian has filed a new patent which describes a sliding door with double guide rail that would be perfect for a van. The design is prompting speculation that Rivian may be on the cusp of developing the market’s first electric van right after producing the industry’s first production version of a fully electric van. The […]]]>

Rivian has filed a new patent which describes a sliding door with double guide rail that would be perfect for a van. The design is prompting speculation that Rivian may be on the cusp of developing the market’s first electric van right after producing the industry’s first production version of a fully electric van.

The patent is titled “Motor Vehicle Sliding Side Door with Double Guide Rail” and shows a minivan design door that functions similarly to a traditional door. The abstract of the patent states:

“The described embodiments include motor vehicles with sliding door with double guide rail and sliding door systems with double guide rail for motor vehicles. An illustrative motor vehicle includes a vehicle body; a sliding door movably connected to the vehicle body; a front rail connected to a body of the vehicle; a rear rail connected to a vehicle body behind to the rear of the front rail; a door rail connected to the sliding door; a front arm assembly connected to the sliding door and movably connected to the front rail; and a rear arm assembly movably connected to the rear rail and movably connected to the door rail. The sliding door is movably connected to the vehicle body, and a lateral distance traveled by the sliding door along the vehicle body from an open position to a closed position is greater than a length of the rear rail.

The patent was first spotted by members of the Rivian Owner’s Forum.

The design is similar to that of a regular sliding van door. However, instead of the opening being limited to where the rail ends, the rail extends well beyond the rear of the car. The additional opening would be beneficial for a number of reasons, including the entry of disabled passengers.

Tesla CEO Elon Musk recently hinted at the introduction of a Robo Van that the company could potentially bring to market. Musk said on an internal call with Tesla employees that the van would likely help people with disabilities. Musk also raised the possibility of a Tesla minivan during the fourth quarter 2020 earnings call in January, where he said the company “will definitely be making an electric van at some point.”

Tesla “Robo Van” will be a minivan with a noble purpose

Rivian and Tesla are both probably several years away from developing this pickup, as both companies have plans underway. However, an electric van could be a great addition to the range of fully electric vehicles currently available on the market.

The full patent is available below.

MOTOR VEHICLE SLIDING SIDE DOOR WITH DOUBLE GUIDE RAIL by Joey Klender on Scribd

Rivian develops sliding door patent, hinting at minivan







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US STOCKS-Wall St Takes More Than 2% on Growth Concerns; attention turns to the Fed https://investingnewswire.club/us-stocks-wall-st-takes-more-than-2-on-growth-concerns-attention-turns-to-the-fed/ https://investingnewswire.club/us-stocks-wall-st-takes-more-than-2-on-growth-concerns-attention-turns-to-the-fed/#respond Mon, 20 Sep 2021 17:58:26 +0000 https://investingnewswire.club/us-stocks-wall-st-takes-more-than-2-on-growth-concerns-attention-turns-to-the-fed/ (For a live Reuters blog on the US, UK and EU stock markets, click LIVE / or type LIVE / in a news window.) * Energy and bank stocks lead to market declines * All eyes on the Fed policy meeting later this week * Major airlines mingle as US relaxes travel rules * Indices […]]]>

(For a live Reuters blog on the US, UK and EU stock markets, click LIVE / or type LIVE / in a news window.)

* Energy and bank stocks lead to market declines

* All eyes on the Fed policy meeting later this week

* Major airlines mingle as US relaxes travel rules

* Indices down: Dow 2.23%, S&P 2.24%, Nasdaq 2.63% (add comment, details; update prices)

By Devik Jain

Sept. 20 (Reuters) – US stocks fell sharply on Monday as sentiment of risk aversion gripped investors over concerns about the pace of global growth and a possible spillover of Evergrande’s problems in China, ahead of the Federal Reserve policy meeting later this week.

The Nasdaq fell 2.9% in afternoon trading, due to lower growth names such as Microsoft Corp, owner of Google Alphabet Inc, Amazon.com Inc, Apple Inc, Facebook Inc and Tesla Inc.

“The potential default of the Chinese real estate developer could have far-reaching and unintended consequences. There is the X factor, the potential that the ripples of a collapse could erode other sectors,” said Danni Hewson, financial analyst at AJ Bell.

“If the Chinese economy is shaken, what happens to the demand for these good guys like a shiny new Tesla. The automaker’s shares have fallen and the Nasdaq with them, in fact, the heavy tech index gives a pretty grim sight today. “

All 11 major S&P sectors fell. Economically sensitive industry, finance and energy fell between 1.9% and 4%.

The banking sub-index fell 3.9%, following US Treasury yields, as concerns over Evergrande’s default appeared to affect the wider market, commodities slipping and investors flocking to the perceived safety of bonds.

Major Wall Street indexes have been hit this month by fears that potentially higher corporate tax rates will hurt profits and have ignored signs that inflation may have peaked.

The S&P 500 is down 4.6% from its September 2 intra-day high and is close to ending a seven-month winning streak.

“It’s just an environment where there has been a lot of money that has been rewarded for taking excessive risk. And now we see a bit of that risk coming off… it’s classic profit taking,” said Dennis Dick, a trader at Bright Trading LLC.

“I still think a big reason for (today’s sale) is that the White House and the Biden administration are talking about raising the capital gains rate.”

All eyes will be on the Fed policy meeting on Wednesday, where the central bank is expected to lay the groundwork for tapering, although the consensus is that an actual announcement will be delayed until the November or December meetings.

At 1:30 p.m. ET, the Dow Jones Industrial Average was down 772.43 points, or 2.23%, to 33,812.45, the S&P 500 was down 99.47 points, or 2.23%, at 4,333.52.

The Nasdaq Composite lost 396.26 points, or 2.63%, to 14,647.71, its worst day since May 12.

Morgan Stanley strategists said they expected a 10% correction in the S&P 500 as the Fed begins to ease monetary support, adding that signs of slowing economic growth could deepen it to 20% .

The CBOE volatility index, known as the Wall Street fear gauge, hit its highest level in more than four months.

Air carriers have traded mixed positions after the United States eased travel restrictions on air passengers from China, India, Britain and many other European countries who have received COVID-vaccines. 19 early November.

Falling issues outnumbered advances for an 8.44-to-1 ratio on the NYSE and a 5.54-to-1 ratio on the Nasdaq.

The S&P Index recorded no new 52-week highs and three new lows, while the Nasdaq recorded 19 new highs and 165 new lows. (Reporting by Devik Jain and Sagarika Jaisinghani in Bangalore; Editing by Arun Koyyur, Maju Samuel and Sriraj Kalluvila)


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S&P 500: “Stealth correction” in progress; Market bubble conditions remain absent https://investingnewswire.club/s-market-bubble-conditions-remain-absent/ https://investingnewswire.club/s-market-bubble-conditions-remain-absent/#respond Mon, 20 Sep 2021 04:33:00 +0000 https://investingnewswire.club/s-market-bubble-conditions-remain-absent/ This weekend was an opportunity to show readers how much the “expected” growth estimates for revenue and EPS have changed over the past 52 weeks. If readers had seen the full data week over week, you would see how the expected growth rates can change over the course of a year for forward looking estimates. […]]]>

This weekend was an opportunity to show readers how much the “expected” growth estimates for revenue and EPS have changed over the past 52 weeks.

If readers had seen the full data week over week, you would see how the expected growth rates can change over the course of a year for forward looking estimates.

However, thanks to the pandemic, seller-side consensus has shown over the past 5 quarters that analysts wait until they are at the top of the quarter or see actual impressions and management comments before increasing their EPS estimates. and income.

There’s no question that the EPS and earnings estimates for the S&P 500 are Street’s best guess of what the next 12-15 months will look (and look like) from a valuation standpoint. Combine this with the expected “industry” growth rates for EPS and revenue and we can compile an educated estimate of risk versus reward.

Therefore, monitoring revisions (even small revisions) of expected growth rates is very useful.

Looking at the “expected” 2022 growth rates for the S&P 500 EPS and earnings, particularly since August 21, readers still see upward revisions.

From Q3 and Q4 ’21 results, then 2002, the S&P 500 should return to more ‘normal’ expected growth rates for EPS and S&P 500 revenue as we move past the Covid-years. 19 and pandemics of 2020 and 2021.

S&P 500 data:

  • The S&P 500’s 4-quarter earnings forecast rose to $ 207.06 last week, from $ 206.88 last week. What is perhaps more interesting to readers is that the forward estimate was $ 199.34 on July 2, 21 and $ 176.54 on April 2, 21. This is an increase of 17% for the forecast estimate of the S&P 500 since April 2, 21.
  • The PE to prospective estimate ratio is now 21.4x compared to 21.8x last week and the impression 21.5x on July 2, 2021.
  • The S&P 500 earnings yield was 4.67% this week, down from 4.58% last week.
  • The bottom-up EPS estimate for the third quarter of 21 is now $ 49.14. Expect this estimate to trade over $ 50 once Q3 21 earnings season begins.

CFRA / Lowry’s and market bubble conditions

CFRA Lowry Research held a conference call this week and discussed the issue of the S&P 500 market cap and what that portends. This is an ongoing problem because today’s S&P 500 looks a lot like late 1999, early 2000, with the tech focus in the S&P 500 and the top 10 market cap issues of the S&P 500 today. representing 28% of the key benchmark.

Without giving away the whole presentation, Lowry pointed out that market bubbles come with extremely long width divergences (see link below)

CFRA Long Width Bubble Divergences

then, with a number of additional slides, concluded that “conditions consistent with a market bubble remain absent” (see slide below).

Summary

Regarding market breadth, which is obviously a key metric when examining secular bear market setups, Lowry noted that:

  • NYSE’s “all-issue” Adv-Dec line peaked on July 2, while the Operations-Only (OCO) Adv-Dec line peaked on June 8;
  • The Nasdaq Adv-Dec line peaked on February 2;

Summary / conclusion: As many have noted, the S&P 500 has undergone a “stealth correction” all year round. The latest statistic to get some traction is that since the S&P 500 peaked in early September 21, declining 6 of the last 8 sessions, the magnitude of the decline has only been 2% to 3%, which isn’t is not (yet) a big deal.

The substantial difference between technology focus and Top 10 S&P 500 today and 1999, early 2000 is the “quality of earnings” that Ed Yardeni has written about several times over the past few years. When “technology” reached 33% of the S&P 500 market cap in early 2000, the S&P 500’s “earnings weight” from that concentration was only 13%.

Today, with 27% of the S&P 500 being technological today, the “profit weight” is much higher, closer to 22-23%, and while Tesla (NASDAQ 🙂 is probably the biggest weight in the S&P 500 Top 10 with the largest divergence between market cap weight and “earnings weight”, Tesla is in the consumer discretionary sector along with Amazon (NASDAQ :).

Personally, I would like to see a 5% to 7% correction in the S&P 500 by October 10, just to reset expectations, but I suspect that S&P 500 Q3 and Q4 21 earnings will be correct and most importantly, the 2022 S&P 500. Revisions to EPS and revenue growth rate are still on the rise.

Also, keep in mind that just because the conditions aren’t right for a “market bubble” condition doesn’t mean the S&P 500 might not see a substantial correction.

All of that could change quickly with the tax bill and the decrease (which is expected to start mid-November 21) and a host of other “unknowns” that could arise unexpectedly.

Take whatever you hear and read the markets with a grain of salt and some skepticism.


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Institutions own less Tesla, Inc. (NASDAQ: TSLA) shares than you might think https://investingnewswire.club/institutions-own-less-tesla-inc-nasdaq-tsla-shares-than-you-might-think/ https://investingnewswire.club/institutions-own-less-tesla-inc-nasdaq-tsla-shares-than-you-might-think/#respond Sun, 19 Sep 2021 12:13:20 +0000 https://investingnewswire.club/institutions-own-less-tesla-inc-nasdaq-tsla-shares-than-you-might-think/ This article first appeared on Simply Wall St News. It’s hard to compete with Tesla, Inc. (NASDAQ: TSLA), especially when it comes to volatility. After hitting a new all-time high when including the S & P500, the stock lost an incredible 40%. However, recent price action has been very encouraging for bulls. As title reaches […]]]>

This article first appeared on Simply Wall St News.

It’s hard to compete with Tesla, Inc. (NASDAQ: TSLA), especially when it comes to volatility. After hitting a new all-time high when including the S & P500, the stock lost an incredible 40%.

However, recent price action has been very encouraging for bulls. As title reaches new heights, we’ll take a look at the current ownership structure in this article.

See our latest analysis for Tesla.

Latest developments

Cathie Wood, CEO of Ark Invest, explained the decision to sell 180,000 TSLA shares as a fundraising measure to increase the stake in UiPath (NYSE: PATH). Wood pointed out that TSLA remains the biggest holdings in his portfolio, confirming the stock’s bullish stance.

Meanwhile, the company has just obtained a patent for the technology of laser beam wipers. From a current perspective, it’s hard to see why someone could potentially point a laser at the driver. Yet a proper application of this technology has yet to be understood. In addition, Tesla also has a patent for electromagnetic wipers.

Automated driving issues persist, as the latest Fatal Model 3 crash in Florida sparked the National Transportation Safety Board (NTSB) investigation. Agency officials have been tracking the application of autonomous driving technologies, already investigating 33 crashes involving Tesla vehicles with partially automated driver assistance systems.

On a more positive note, Wedbush Securities issued a positive note, saying Tesla can reach 900,000 deliveries in 2021 and 1.3 million in 2022. The data below shows that after the first half of 2021, the company is still at the top of the global plug-in. EV market.

Wedbush has Tesla as “Surpass», With a target price of US $ 1,000, which would be a new all-time high.

<span><span>Global market share of plug-in electric vehicles in 2021, Source: <a href="https://www.statista.com/statistics/541390/global-sales-of-plug-in-electric-vehicle-manufacturers/" rel="nofollow noopener" cible="_Vide" data-ylk="slk:Statista" classe="lien rapid-noclick-resp">Statistical</a> </span> </span>“src =” “data-src =” https://s.yimg.com/ny/api/res/1.2/HoNjCGGK6s7iSMEznsGvVw–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTc0Mw–/https.com/us.yimapc0Mw–/https.com/us.yimapc0Mw res / 1.2 / Mpk87bD.BwR4bs5s4ZZ6kg– ~ B / aD05MDY7dz0xMTcwO2FwcGlkPXl0YWNoeW9u / https: //media.zenfs.com/en/simply_wall_st__316/df96b98b64da43b17ff><noscript><img alt=Global market share of plug-in electric vehicles in 2021, Source: Statistical “src =” https://s.yimg.com/ny/api/res/1.2/HoNjCGGK6s7iSMEznsGvVw–/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTc0Mw–/https://s.yimg.com/bu.2/Mpip://s.yimg.com/bu.2/Mpip://s.yimg.com/u87/1D/apipi: BwR4bs5s4ZZ6kg– ~ B / aD05MDY7dz0xMTcwO2FwcGlkPXl0YWNoeW9u / https: //media.zenfs.com/en/simply_wall_st__316/df96b98b6494b0a004daed43g = “class / ca -4” im
Global market share of plug-in electric vehicles in 2021, Source: Statista

An overview of the property

With a market capitalization of US $ 752 billion, Tesla is relatively large. We would expect to see institutional investors on the register. Companies of this size are also generally well known to retail investors.

Our analysis of company ownership below shows that institutions own shares of the company. Let’s take a closer look at what different types of shareholders can tell us about Tesla.

ownership distribution

What does institutional ownership tell us about Tesla?

Many institutions measure their performance against an index that approximates the local market. Thus, they generally pay more attention to companies that are included in the major indices.

We can see that Tesla has institutional investors, but insiders and the general public still outnumber them.

So it’s worth checking out Tesla’s earnings history below. Of course, the future is what matters.

profit and revenue growth

profit and revenue growth

Looking at our data, we can see that the largest shareholder is CEO Elon Musk, with 17% of the shares outstanding. Meanwhile, the second and third shareholders respectively hold 6.0% and 5.1% of the outstanding shares.

A closer look at our ownership figures suggests that the top 21 shareholders have a combined 50% ownership, implying that no shareholder has a majority.

While it makes sense to study a company’s institutional ownership data, it also makes sense to research analysts’ sentiments to know which way the wind is blowing. There are a reasonable number of analysts covering the stock, so it can be helpful to know their overall vision for the future.

Tesla insider property

The definition of company insiders can be subjective and vary from jurisdiction to jurisdiction. Our data reflects individual insiders, capturing at least board members. The management of the company manages the company, but the CEO will answer to the board of directors, even if he is a member of the board.

We generally consider insider ownership to be a good thing. However, it is more difficult for other shareholders to hold the board accountable for decisions on certain occasions.

It appears that insiders own a significant proportion of Tesla, Inc. It has a market capitalization of only US $ 752 billion and insiders have shares worth US $ 143 billion in their name. It is quite important. Most would be happy to see the board invest alongside them. You may want to access this free chart showing recent insider trades.

General public property

The general public, with a 37% stake in the company, will not be easily ignored. This size of ownership, while considerable, may not be enough to change company policy if the decision is not in line with other large shareholders.

Next steps:

It’s interesting to see who exactly owns a business, but to really understand better we need to take some other information into account as well. For example, we have identified 1 warning sign for Tesla that you need to be aware of.

Ultimately the future is the most important. You can access this free analyst forecast report for the company.

NB: The figures in this article are calculated from data for the last twelve months, which refer to the 12 months ending on the previous date of the month in which the financial statements were dated. This may not be consistent with the figures in the annual report for the entire year.

Simply Wall St analyst Stjepan Kalinic and Simply Wall St have no positions in any of the companies mentioned. This article is general in nature. We provide commentary based on historical data and analyst forecasts using only unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell shares and does not take into account your goals or your financial situation. Our aim is to bring you long-term, targeted analysis based on fundamental data. Note that our analysis may not take into account the latest announcements from price sensitive companies or qualitative documents.

Do you have any feedback on this item? Are you worried about the content? Contact us directly. You can also send an email to Editorial-team@simplywallst.com


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Benzinga’s Bulls and Bears of the Week: Apple, Boeing, Cisco, Moderna, Tesla and more https://investingnewswire.club/benzingas-bulls-and-bears-of-the-week-apple-boeing-cisco-moderna-tesla-and-more/ https://investingnewswire.club/benzingas-bulls-and-bears-of-the-week-apple-boeing-cisco-moderna-tesla-and-more/#respond Sat, 18 Sep 2021 14:11:00 +0000 https://investingnewswire.club/benzingas-bulls-and-bears-of-the-week-apple-boeing-cisco-moderna-tesla-and-more/ Benzinga took a look at the outlook for many investor favorite stocks over the past week. Bullish calls last week included tech giants and the leading electric vehicle maker. The iPhone maker, a COVID-19 vaccine set and an aerospace giant were among the bearish calls seen. The Big Three US indices ended last week in […]]]>
  • Benzinga took a look at the outlook for many investor favorite stocks over the past week.
  • Bullish calls last week included tech giants and the leading electric vehicle maker.
  • The iPhone maker, a COVID-19 vaccine set and an aerospace giant were among the bearish calls seen.

The Big Three US indices ended last week in the red, led by the 0.6% drop in the S&P 500. The good news on the inflation and retail fronts were not enough to offset lingering concerns about the spread of the Delta variant and what the Federal Reserve may have up its sleeve.

So far this month, the Dow Jones Industrials are down 2.2% and the Nasdaq has lost 1.4%. All three indices are down about 2% from all-time highs, but still up double-digit for the year to date.

Last week also saw the highly anticipated reveal of the iPhone 13 and other new Apple products. Boeing has offered a pink forecast for the next decade. Calls to dissolve the big banks have resumed and the stock transactions of Federal Reserve chairmen have ruffled some feathers.

Benzinga continues to examine the prospects for many of the stocks most popular with investors. Here are some of the more bullish and bearish posts from the past week that deserve another look.

Bulls

In “Amazon, Facebook and 5 Other Internet Companies To Play The Best Tech Themes For 2021 And Beyond,” Shanthi Rexaline Reveals The Top Internet Themes That Could Fuel The Growth Of Amazon.com, Inc. (NASDAQ: AMZN) and other stocks for the remainder of 2021 and beyond.

In “Tesla Shares Could Gain 400% in 10 Years, According to Investor Who Formerly Owned 1% of the Company” by Chris Katje, find out why one of the biggest Tesla Inc (NASDAQ: TSLA) Bulls still sees the company leading the way in the future for the next decade.

On the flip side, seeing Cathie Wood cuts Tesla’s stake further, selling shares for $ 31.4 million on Thursday.

A key analyst remains optimistic about Microsoft Corporation (NASDAQ: MSFT). This is what Priya Nigam says “Why did an analyst maintain the purchase of Microsoft and Synopsys shares?”. See why this analyst still loves small software companies Synopsys, Inc. (NASDAQ: SNPS).

“6 Cisco Systems Analysts React To Investor Day Event: Wayne Duggan’s” We Believe The Cautiousness Will Abate “Explains Why Analysts Are Cautiously Optimistic After Cisco Systems Inc (NASDAQ: CSCO) management revealed its six pillar strategy to expand its total addressable market.

Also read Cisco stocks drop gains after Investor Day split Wall Street analysts.

“Jon Najarian Says People Who Invested In These ‘Going On Just Mint Money‘ stocks” by Adam Eckert explores why this linebacker turned options trader is beating the table for IronNet Inc (NYSE: IRNT) and Palantir Technologies Inc (NYSE: PLTR).

The Bears

“Is this the right time to sell Apple shares?” Adam Eckert? shows what one portfolio manager says fueled the rebounds Apple Inc. (NASDAQ: AAPL) stocks, memes stocks and cryptocurrencies and will cause a market correction. Therefore, the iPhone maker is now the biggest short position of this unique bull.

The FDA’s suggestion that COVID-19 booster shots may be unwarranted at this time prompts analysts to remain cautious of vaccine makers such as Moderna Inc (NASDAQ: MRNA), according to “Moderna Analysts Debate Need For Biopharma’s COVID-19 Booster Shot” by Shanthi Rexaline.

Be sure to check out why this former NYSE trader also bought shares of AMC, Affirm and Moderna on Tuesday.

In Wayne Duggan’s “Boeing August Delivery Numbers Suggest Downside Risk To Full-Year Targets: Analyst”, find out why the latest delivery figures suggest Boeing Company (NYSE: BA) may fall behind on its targets and that is keeping analysts on the sidelines.

Vice Stocks: A Sin To Not Have In Your Portfolio offers more information on how Boeing and other so-called sin stocks behave during a market downturn.

In “Why This Beyond Meat Analyst Is Turning Bearish,” Priya Nigam explains why the star analyst expects Beyond Meat Inc (NASDAQ: BYND) below consensus estimates for the third and fourth quarters. See how the plant-based manufacturer’s retail sales stack up against its peers in the food industry.

“RBC Capital Cuts CSX Rating On Supply Chain Congestion” by Akanksha Bakshi examines why a key analyst cut CSX Company (NASDAQ: CSX) earnings estimates due to a lack of catalysts for the rail giant and better relative return opportunities elsewhere in the industry.

At the time of this writing, the author has no position in the mentioned stocks.

Keep up to date with all the latest trading news and ideas by following Benzinga on Twitter.



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Tesla cancels huge solar roof price hikes for some customers https://investingnewswire.club/tesla-cancels-huge-solar-roof-price-hikes-for-some-customers/ https://investingnewswire.club/tesla-cancels-huge-solar-roof-price-hikes-for-some-customers/#respond Sat, 18 Sep 2021 05:54:26 +0000 https://investingnewswire.club/tesla-cancels-huge-solar-roof-price-hikes-for-some-customers/ In April, Tesla raised the prices of its solar roof for customers awaiting installation. A customer whose roof price increased by $ 75,000 has filed a class action lawsuit. Tesla’s attorneys said the company will help some customers return to the original price. Loading Something is loading. Tesla Solar Roof customers who were hit by […]]]>
  • In April, Tesla raised the prices of its solar roof for customers awaiting installation.
  • A customer whose roof price increased by $ 75,000 has filed a class action lawsuit.
  • Tesla’s attorneys said the company will help some customers return to the original price.

Tesla Solar Roof customers who were hit by massive price hikes in April may be able to recover their original prices, according to a court document released Thursday.

The document, as spotted by CNBC, comes from a class action lawsuit filed against Tesla in May by Matthew Amans, a customer who suffered a price hike of $ 75,000.

In June 2020, Amans made a commitment to have a Tesla solar roof installed on his house. In March 2021, he agreed to pay $ 71,662.06. Over the weekend of April 10, Tesla raised the price to $ 146,462.22.

Amans was not alone, customers of Tesla Solar Customers who had signed a contract but had not had their roofs installed were hit by price increases.

An Amans case document filed Thursday says attorneys for Tesla informed lawyers for the plaintiffs on Monday that the company plans to allow some customers to recover their original prices.

The record reads: “Tesla’s attorney informed the plaintiffs attorney that Tesla recently launched a program for customers who signed solar roof contracts ahead of the April 2021 price changes to bring those customers back to their homes. original price (if they were subject to a price increase in April 2021). ”

Tesla CEO Elon Musk said on an earnings call in April that the company made “significant mistakes” in calculating how much it should charge customers for the solar roof, which resulted in price increases.

The solar roof is the flagship product of Tesla’s solar power division. Rather than installing panels on a client’s roof, it is made up of individual shingles, which are also solar cells.

Tesla did not immediately respond when contacted by Insider for comment. Tesla’s attorneys were listed as having signed the document.

Do you work at Tesla Energy? Contact this reporter at ihamilton@insider.com or iahamilton@protonmail.com. Always use unprofessional email.


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Analyst predicts Tesla price target of $ 1,000 (TSLA) https://investingnewswire.club/analyst-predicts-tesla-price-target-of-1000-tsla/ https://investingnewswire.club/analyst-predicts-tesla-price-target-of-1000-tsla/#respond Fri, 17 Sep 2021 19:55:43 +0000 https://investingnewswire.club/analyst-predicts-tesla-price-target-of-1000-tsla/ After posting a stunning 508.3% gains last year, shares of electric car maker Tesla, Inc. (TSLA) have slowed this year. Oscillating under a growing list of issues ranging from a National Highway Traffic Safety Administration (NHTSA) investigation to supply chain issues, Tesla’s stock has made hesitant progress, increasing only about 7, 3% this year. Key […]]]>

After posting a stunning 508.3% gains last year, shares of electric car maker Tesla, Inc. (TSLA) have slowed this year. Oscillating under a growing list of issues ranging from a National Highway Traffic Safety Administration (NHTSA) investigation to supply chain issues, Tesla’s stock has made hesitant progress, increasing only about 7, 3% this year.

Key points to remember

  • Wedbush analyst Daniel Ives has forecast a price target of $ 1,000 for shares of electric vehicle (EV) pioneer Tesla.
  • Tesla’s stock has failed to replicate its spectacular gains from last year after getting bogged down in multiple issues, from regulatory scandals to supply chain issues, for most of this year.
  • Ives says Tesla will be the biggest beneficiary of a global push towards electric vehicles.

But Wedbush securities analyst Daniel Ives is betting the company’s shares will go into ridiculous mode again. It recently issued a rating reiterating its outperformance rating for the stock and assigning a price target of $ 1,000.

“We believe that the opportunity of the electric vehicle market and the green tidal wave will translate into a global market of $ 5,000 billion over the next decade, with Tesla a disproportionate beneficiary of this wider consumer adoption towards electric and autonomous vehicles in the years to come, ”Ives wrote in a recent memo.

In other words, Tesla will be the biggest winner in a world in transition from gasoline-powered vehicles to electric vehicles. Ives has forecast a production target of between 860,000 and 900,000 for Tesla this year and more than a million for next year. Tesla does not provide production advice in its earnings calls.

In recent years, as it expanded into new markets, Tesla has increased its manufacturing capabilities and opened factories in Shanghai and Austin. It went from tens of thousands of cars a year to almost 500,000 cars last year.

A cost for expansion

This increase in production numbers, however, came at a cost. While regulatory issues plagued Tesla during its growth, this year has been particularly difficult for the company. It faces problems in several geographic areas.

In addition to dealing with US authorities, Tesla also faces Chinese regulators. China is expected to become Tesla’s biggest market in the future. But the company’s entry there was no accident.

A year after launching its Model 3 sedan in China, Tesla is working to quell security scandals and privacy concerns. For example, security concerns reported on Chinese social media led Tesla officials to be summoned by five government agencies in February. They called on the company to “strictly adhere to Chinese laws and regulations, strengthen internal management, and implement the company’s quality and safety regulations.”

Cameras in the company’s cars have also created security concerns in a company under government surveillance. The barrage of negative publicity has taken its toll on Tesla car sales. According to figures released in August, they fell in July to 8,621, down 69% from the previous month’s figures.

Tesla is also grappling with supply chain issues resulting from the pandemic, such as chip shortages. During an earnings call in June, Tesla CEO Elon Musk said the shortage was a “determining factor” in the company’s production. The company has already delayed production of several models planned for its stable due to supply chain issues. Its Berlin manufacturing plant, which was scheduled to open on July 1 of this year, is also delayed. While Tesla announced record profits in June, the problems and delays are expected to have an effect on its results in the near future.

But Ives remains unfazed and is banking on his regulatory backs, in the form of credits and government measures in favor of electric vehicles, to make Tesla more attractive to investors. “Seeing the forest through the trees, we believe Tesla has a number of growth levers through 2022 that are expected to accelerate growth and profitability as global demand for electric vehicles weakens further over the years. Next 12 to 18 months. We continue to believe that there are many winners in the EV Arms Race to play this transformational growth opportunity, including traditional mainstays and pure EV OEM / supply chain play with Tesla up front. and in the center, ”he wrote.


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Comcast to Host Third Quarter 2021 Results Conference Call https://investingnewswire.club/comcast-to-host-third-quarter-2021-results-conference-call/ https://investingnewswire.club/comcast-to-host-third-quarter-2021-results-conference-call/#respond Fri, 17 Sep 2021 13:00:00 +0000 https://investingnewswire.club/comcast-to-host-third-quarter-2021-results-conference-call/ PHILADELPHIA, September 17, 2021– (BUSINESS WIRE) – Comcast Corporation will host a conference call with the financial community to discuss third quarter financial results on Thursday, October 28, 2021 at 8:30 a.m. Eastern Time (ET). Comcast will issue a press release reporting its results earlier this morning. The conference call will be webcast live on […]]]>

PHILADELPHIA, September 17, 2021– (BUSINESS WIRE) – Comcast Corporation will host a conference call with the financial community to discuss third quarter financial results on Thursday, October 28, 2021 at 8:30 a.m. Eastern Time (ET). Comcast will issue a press release reporting its results earlier this morning.

The conference call will be webcast live on Comcast’s Investor Relations website at www.cmcsa.com. Parties interested in participating by telephone should dial (833) 618-9487.

A replay of the call will be available starting at 12:00 p.m. ET on Thursday, October 28, 2021 on the Investor Relations website or by phone. To access the telephone replay, which will be available until Thursday, November 4, 2021 at midnight ET, please dial (855) 859-2056 and enter the conference ID number 4073347.

To automatically receive Comcast financial news by email, please visit our Investor Relations website and subscribe to email alerts.

About Comcast Corporation

Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people at important times. We are primarily focused on broadband, aggregation and streaming with 57 million customer relationships in the US and Europe. We provide broadband, wireless and video services through our Xfinity, Comcast Business and Sky brands; create, distribute and stream premier entertainment, sports and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News and Air Sports; and deliver memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information.

See the source version on businesswire.com: https://www.businesswire.com/news/home/20210917005037/en/

Contacts

Investor contacts:
Marci Ryvicker (215) 286-4781
Jane Kearns (215) 286-4794
Marc Kaplan (215) 286-6527


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