Tag Archives: slapped

A growing chorus of Wall Streeters covering Tesla’s stock are becoming more cautious on the name heading into 2023, adding to a brutal month and year. EvercoreISI analyst Chris McNally slashed his price target on Tesla’s stock to $200 from $300 on Tuesday, joining bearish takes in the past week from Goldman Sachs, Wedbush, and Oppenheimer. “While we continue to view Tesla as having a leading EV gross margin advantage from global scale, vertical integration, and US IRA [Inflation Reduction Act]… Source link

A growing chorus of Wall Streeters covering Tesla’s stock are becoming more cautious on the name heading into 2023, adding to a brutal month and year. EvercoreISI analyst Chris McNally slashed his price target on Tesla’s stock to $200 from $300 on Tuesday, joining bearish takes in the past week from Goldman Sachs, Wedbush, and Oppenheimer. “While we continue to view Tesla as having a leading EV gross margin advantage from global scale, vertical integration, and US IRA [Inflation Reduction Act]… Source link

Russian President Vladimir Putin.Pool Sputnik, AP Andrei Illarionov, Putin’s former chief economic adviser, was interviewed by the BBC. He said Putin would likely halt the Ukraine war if the West stopped buying Russian oil and gas. Many Western nations remain heavily reliant on Russian energy exports. Vladimir Putin’s former chief economic adviser has suggested that Russia would halt military operations in Ukraine “within a month or two” if Western countries stopped buying Russian oil and gas. In… Source link

YouTube found to infringe video-streaming optimization patent VideoShare case against Facebook still pending (Reuters) – Google and its video platform YouTube owe nearly $26 million for infringing a streaming-video patent owned by VideoShare LLC, a Texas federal jury said. The Waco, Texas jury found Tuesday that YouTube’s streaming technology works in the same way as VideoShare’s patented technology for converting a video to multiple formats and transmitting it in the best format for a user’s… Source link

The Italian antitrust authority said on Thursday that it imposed a fine of €102 million ($123 million) on Google for abuse of a dominant position through its Android mobile operating system and app store Google Play. “Google has a dominant position which allows it to control the reach app developers have on final users,” the regulator said in a statement. The ruling condemns the company for not allowing drivers of electric cars who need to recharge… Source link

Google has agreed to pay a €1.1 million fine over misleading star ratings for hotels in France. The tech giant had been applying its own (algorithmic) system of ratings for hotels applied via its search engine and on Google Maps. But back in 2019, following a number of complaints by hoteliers, the French national competition and consumer watchdog (DGCCRF) instigated an investigation into this propriety rating system. The probe revealed that the tech giant had replaced the standard… Source link