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Shares of Tesla by the end of the year may fall in price below $100, the head of the Kase Capital Management hedge fund, Whitney Tilson, said. In this opinion, his statements were strengthened by Tesla founder, Elon Musk, regarding plans to close stores and transfer trade to the online mode. The analyst, however, considers Musk a strong entrepreneur who has achieved a lot. By closing the stores and reducing the number of employees working in them, Elon Musk expects to reduce operating costs by 5-6% in 2019. During trading on Wednesday, the price of shares of the American manufacturer of electric vehicles fell by 3.09% to the lowest level in the last 4 months to 276 dollars 54 cents.
European shares traded lower earlier on Thursday after underwhelming earnings reports dampened a U.S. Fed vow to continue rolling out stimulus plans in a bid to soften the economic blow of the COVID-19 pandemic. The pan-European STOXX lost ...
On Tuesday, Tesla Inc.’s (TSLA.O) Chief Executive Officer Elon Musk announced that the automotive company would start to open its licensing software to supply powertrains and batteries for other car manufacturers. “Tesla is open ...
European stocks traded slightly higher on Tuesday ahead of a U.S. decision to roll out additional stimulus plans despite the underwhelming quarterly earnings reports from the luxury goods market. The pan-European STOXX index inched higher ...
Samsung Electronics’ shares joined TSMC, its competitor, as both extended gains on Tuesday. This was mainly from upbeat expectations that Intel Corp’s plan of outsourcing more chip producers would favor the chipmakers. Shares of ...
On Wednesday, Tesla Inc. (TSLA.O) posted its second-quarter profit worth $104 Million from April to June despite shutting down its electric vehicle factory in Fremont, California for roughly seven weeks due to the coronavirus pandemic. Tesla ...
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