Elon Musk’s latest lofty prediction for Tesla (TSLA) looks pie in the sky, even by his standards. “I see a potential path to be worth more than Apple and Saudi Aramco combined,” Musk proudly proclaimed on the company’s earnings call on Wednesday. Doing the math, that would put Tesla’s worth at about $4 trillion at some point. Tesla’s current market cap is $652 billion, according to Yahoo Finance data. Analysts say that valuation may not happen for eons, if at all. “That seems quite a bit of a… Source link
Read More »‘There’s a method to the madness,’ analyst says
There’s a tug of war between Tesla (TSLA) bulls and bears on Wall Street. Tesla reported an earnings beat for Q3, but a revenue miss, reflecting a concern among some that demand might be coming down a bit for its premium electric vehicles. Tesla bulls contend that CEO Elon Musk said challenges to physical delivery of vehicles to customers was a main bottleneck — and why the number of cars produced in Q3 was significantly higher than deliveries. “In fact, we’re just fundamentally running… Source link
Read More »Netflix is ‘doing everything from a position of strength now,’ analyst says
Netflix (NFLX) is showing signs of a comeback, at least according to one bullish analyst. “I think it’s back to growth,” Santosh Rao, Manhattan Venture Partners head of research, told Yahoo Finance Live (video above). “It’s doing everything from a position of strength now because the big concern was: Are they rushing into this ad tier model from a position of weakness? Is their whole business model not working?” The company’s third-quarter earnings report showed a beat on both the top and… Source link
Read More »Netflix is ‘doing everything from a position of strength now,’ analyst says
Netflix (NFLX) is showing signs of a comeback, at least according to one bullish analyst. “I think it’s back to growth,” Santosh Rao, Manhattan Venture Partners head of research, told Yahoo Finance Live (video above). “It’s doing everything from a position of strength now because the big concern was: Are they rushing into this ad tier model from a position of weakness? Is their whole business model not working?” The company’s third-quarter earnings report showed a beat on both the top and… Source link
Read More »‘Mark Zuckerberg is telling us he doesn’t think he has a core business’: Meta Analyst
Facebook parent company Meta Platforms (META) stock is getting cooked as the technology company spends money manufacturing virtual reality hardware, generating awareness, and finding friends for a future in the metaverse. The advertising budgets of its customers are tightening as companies restructure costs amid macroeconomic challenges — which even leads an optimistic analyst to say the third quarter for Meta Platforms is ‘make or break’. “I think the stock is back to questions around,… Source link
Read More »Why Ford had ‘no choice’ but to raise F-150 Lightning prices again: Analyst
For the second time in two months, Ford (F) has hiked the price of its electric F-150 Lightning pickup. Although this time it’s just for the base Pro model, the price hike of around 11% sends the base model to $51,974, from $46,974 before any federal or state tax credits. In a statement, Ford said it was “adjusting the MSRP on the 2023 F-150 Lightning Pro due to ongoing supply chain constraints, rising material costs and other market factors.” Ford added that current retail order holders… Source link
Read More »If Musk lifted Twitter’s ban on Trump, there would be ‘a much bigger problem to solve’: analyst
Former President Donald Trump could soon return to Twitter (TWTR) now that Elon Musk has agreed to move forward with his $44 billion acquisition of the social media company. Musk has said in the past that he doesn’t agree with the lifetime ban on Trump, which Twitter enacted in early 2021 following the Jan. 6 attack on Capitol Hill. But restoring Trump’s account could pose another challenge for the platform should incendiary tweets drive advertisers away from Twitter and toward competitors… Source link
Read More »‘We’re going to see $65 before we see $100 ‘ in WTI, says analyst
OPEC+ will cut oil production by 2 million barrels per day amid looming demand concerns and the ongoing friction between the West and Russia over the war in Ukraine. The output cut, the largest since the start of the pandemic, appears to be about the global oil picture as well as politics, says one oil analyst. “I think with OPEC you’re generally getting both,” Bob Iaccino, chief market strategist at Path Trading Partners, told Yahoo Finance Live. “This does seem like a crack in the… Source link
Read More »Tesla is positioning itself as ‘the key stock in everyone’s ESG portfolio,’ analyst says
It would make sense that the growth of environmental, social, and corporate governance (ESG) funds would benefit an EV automaker like Tesla (TSLA). But why isn’t its stock getting an even bigger lift from ESG asset managers? Short answer: Not everyone in the business of socially responsible investments is convinced that Tesla, and its controversial founder and CEO, Elon Musk, is a pure play in the ESG world. To be sure, Tesla and its stock has made a lot of headway. “What they’re doing is… Source link
Read More »Apple consumers are cutting back on spending: Analyst
Rising interest rates, inflation, and currency fluctuations have slammed tech stocks this year. And while Apple (AAPL) is certainly feeling the pain — shares are off 20% year to date — it’s fared better than its peers, which are down as much as 30%, and in Meta’s (META) case, 60%. But according to BofA Global Research’s Wamsi Mohan, things could get uglier for Apple in the coming months as consumers pull back on spending on pricey gadgets. “The argument is being made that the… Source link
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