Tesla, Inc. focuses on electric vehicle design, manufacturing, and marketing, with 81.1% of sales from motor vehicles. The company is expanding its services, energy production, and storage systems, and will operate seven production sites by the end of 2023, primarily in the USA, China, and Germany. UBS suggests that Tesla may need to reduce prices following the removal of the electric vehicle tax credit to sustain sales.
19:14 25.11.2024
Bulls continued to dominate Dalal Street, pushing the Nifty 50 up by 1.3% on November 25, with a positive market breadth as 1,783 shares advanced against 744 declines. Despite a significant 1,000-point rally over two sessions, some consolidation may occur. Recommended short-term buy ideas include TCS and HDFC Bank.
UBS analyst Joseph Spak has raised Tesla's price target to $226 from $197 while maintaining a 'Sell' rating, citing concerns over the speculative nature of its AI initiatives, which he believes inflate the market cap by nearly $1 trillion. He estimates that Tesla's auto and energy divisions contribute about $52 per share, with the rest driven by AI optimism. In contrast, Dan Ives from Wedbush Securities views Tesla as undervalued in the AI sector, highlighting its Full Self-Driving technology as a significant opportunity, while Morgan Stanley reaffirms a 'Buy' rating, praising Tesla's self-driving capabilities and responsiveness to pro-charging policies in the U.S.
19:12 25.11.2024
Many island nations face challenges similar to those in Pakistan, where the shift to renewable energy raises questions about the viability of traditional state-run grids. As solar power adoption grows, the national grid risks instability and financial strain, prompting calls for modernization and market reforms. Despite efforts to promote solar energy, concerns about affordability and the shrinking customer base for the grid persist, highlighting the complex dynamics of energy transition in emerging markets.
The recent climate finance deal reached in Baku has been criticized for failing to address the urgent needs of developing nations, lacking ambitious goals to limit global warming, and excluding major polluters like the US and China from mandatory contributions. Critics argue that the agreement perpetuates a cycle of debt for vulnerable countries while rich nations evade their financial responsibilities, leading to a significant setback in global climate action. The influence of fossil fuel lobbyists at the summit further diluted commitments, leaving many delegates feeling betrayed.
UBS AG has increased its price target for Rheinmetall from 570 to 630 euros while maintaining a "Neutral" rating. The adjustment reflects a balance between potential benefits from NATO's defense spending goals and the possibility of a ceasefire in Ukraine, according to analyst Sven Weier.
18:57 25.11.2024
Tesla's stock has surged by over $350 billion since the election, driven more by market enthusiasm than actual business improvements, according to UBS analysts. They caution that potential policy changes, such as the removal of consumer tax credits, could negatively impact Tesla, and maintain a sell rating with a price target increase to $226.
18:54 25.11.2024
The Cabinet has approved waiving bank guarantee requirements for telecom operators on spectrum purchases made before 2022, providing significant relief to Vodafone Idea, which owes over Rs 24,700 crore to the government. This decision aims to alleviate financial stress in the telecom sector and enhance cash flow for operators, facilitating greater investment in network expansion. The move follows earlier reforms that removed BG requirements for future spectrum acquisitions, addressing concerns raised by the Cellular Operators Association of India.
Former Bank of England policymaker Gertjan Vlieghe criticized Governor Andrew Bailey for stifling essential discussions on the future of interest rates. Vlieghe emphasized the need for rate-setters to determine when to halt rate cuts, as current borrowing costs have decreased from 5.25% to 4.75%, with expectations of further reductions to 4% by the end of 2025.
UBS analysts predict Tesla stock could drop 35% due to a lack of fundamental support for its recent surge, maintaining a "sell" rating with a price target of $226. The company's ambitious growth targets, including delivering 15 million cars by 2030, appear unrealistic compared to Wall Street's forecasts. Concerns also arise from Tesla's auto business constituting only 12% of its market cap, historically signaling potential corrections.
18:45 25.11.2024
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