Experts at Macquarie Research predict Tesla shares will grow by more than 70%. Macquarie assigned a “better than market” rating to the American automaker, noting that investors should regard Tesla as a technology company, not as a car manufacturer. Macquarie analyst Maynard Um believes that the company will be able to achieve profitability in the second half of 2018 by achieving production goals. According to him, Tesla can take advantage of numerous sources of cash flow to overcome the recession. According to Macquarie, the company will receive in the second half of the year from $500 million to $600 million from clean energy government loans. The growth in cash flow will also contribute to an increase in sales of Model 3. In addition, the company has access to 1 billion 200 million dollars on unused debt.
Japan’s Finance Minister Taro Aso expressed worries about the yen’s continual rise, calling it “rapid” and hinting at the strong currency’s impact on exports as Japan struggles through a recession. The yen’s ...
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 ...
Samsung Electronics Co Ltd looks forward to the second half of the year as it expects a larger increase in chip demand brought by new smartphone launches. However, the company warned that the coronavirus crisis and trade disputes carry risks. Samsung, ...
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 ...
On Wednesday, European stocks rose slightly after mixed earnings reports. However, the new wave of the coronavirus outbreak kept investors cautious while they also wait for the U.S. Federal Reserve’s announcement. The Stoxx Europe 600 ...