Business, Technology, Fuel, Autonomous

Tesla’s ‘Mind-Boggling’ Value Leads Bernstein to Downgrade

Tesla Inc.’s soaring valuation led to a downgrade by Sanford C. Bernstein analyst Toni Sacconaghi on July 28, who said it is difficult to justify the market capitalization even using best-case scenarios.

Esha Dey | Bloomberg News
July 28, 2020
Business, Technology, Fuel

Nikola Plummets After Warrant Call Creates Selling Pressure

Nikola Corp. shares nosedived on July 20 as some investors will now be able to buy the company’s stock at a fraction of recent prices.

Esha Dey | Bloomberg News
July 20, 2020
Business, Technology, Fuel, Autonomous

Tesla Shares Take a Breather After Historic Run

After a torrid rally that saw shares more than double since early May, Tesla Inc. is taking a pause on July 15, even as the broader market rises on the hopes for a coronavirus vaccine.

Esha Dey | Bloomberg News
July 15, 2020
Government, Business, Technology, Fuel, Autonomous

Tesla Soars on Optimism for ‘Battery Day,’ India Market, S&P

Tesla Inc.’s relentless surge continued July 13 amid several upcoming events that include the possible unveiling of new battery technology from the electric vehicle maker, entry into a lucrative new market and the potential inclusion of the stock into the prestigious S&P 500 Index.

Esha Dey | Bloomberg News
July 13, 2020
Business, Technology

Goldman Sachs: Buy Tesla and Stocks With Electric-Car Exposure

The significant pullback in U.S. auto stocks creates an opportunity for investors to own long-term growth names including Tesla Inc. and other companies exposed to electric vehicles, Goldman Sachs said.

Esha Dey | Bloomberg News
April 15, 2020
Business, Technology, Autonomous

Tesla Headed for More Than 50% Rally in Just Seven Sessions

Tesla Inc. is headed for its seventh straight session of gains after Credit Suisse upgraded the electric-car company whose stock has been on a tear since its first-quarter delivery report.

Esha Dey | Bloomberg News
April 14, 2020
Government, Business

Pandemic Offers a Unique Shot at US Infrastructure Reform

Back in early 2017, investing in companies involved in infrastructure projects seemed like a smart idea, given newly elected President Donald Trump’s enthusiasm for building roads, bridges and walls. That it was also a spot of rare bipartisan agreement only bolstered the argument.

Esha Dey | Bloomberg News
April 9, 2020
Business, Technology, Equipment, Autonomous

Tesla Zealotry on Street Fades as Focus Shifts to Fundamentals

The perpetual war between Tesla Inc.’s bears and bulls may finally be simmering down.

Esha Dey | Bloomberg News
December 13, 2019
Business, Technology

Barclays: Uber, Lyft ‘Well Positioned’ to Turn a Profit

A new analysis by Barclays Capital of about 2.4 billion taxi and ride-hailing trips in New York City addresses the biggest question investors have about Uber Technologies Inc. and Lyft Inc. When will they turn a profit?

Esha Dey | Bloomberg News
December 10, 2019
Business, Logistics

GM Strike May Have Cost Over $1 Billion So Far, JPMorgan Says

The workers strike at General Motors Co., currently in its third week, already may have cost the carmaker over $1 billion, JPMorgan analyst Ryan Brinkman wrote in a note to clients.

Esha Dey | Bloomberg News
October 1, 2019