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...Instead, what the chief executive offered — alongside even worse than expected first-quarter profits and the company’s first cash outflow since the start of the pandemic — was a classic Muskian fudge....
...neorealist cinema and such revered classics as Bicycle Thieves and Rome, Open City....
...The electric-car maker’s market value jumped 787 per cent to $669bn by the end of that December, but has since slipped back to $589bn....
...“They said they came when they could, but there were only so many badly produced shows they could tolerate, with one car door hanging off a model’s arm, and no lighting....
...Data from S3 Partners shows TMTG is the third-most expensive US stock to borrow for short sales among companies with more than $25mn of short interest, behind cannabis group Canopy Growth and electric-car...
...Likewise, S&P Global Mobility surveys suggest stable EV loyalty, measured as the share of EV owners whose next car was an EV, especially for Teslas....
...The beleaguered car company defied stock market sceptics as its shares rallied after earnings on Tuesday....
...With just 1.2bn people having an income above $12K a year, Apple is valued on an EV per pop of c$2,300, which requires c$800pp of annual spend, on the global equity strategy team’s calculations. 4....
...) big enough to make a meaningful impact on Berkshire’s earnings, (b) possible to reliably value, (c) have trustworthy and competent management, and (d) are available at a reasonable price....
...Shares in the company, which declined 5.6 per cent on Monday, have fallen more than a third this year, making it the second-worst performer in the S&P 500 and underperforming those of legacy carmakers....
...But, as S&P puts it when explaining why U.S....
...Many car buyers are now balking at the prices of EVs compared with hybrids and petrol or diesel cars — particularly amid the rising the cost of living in recent years....
...The results are not flattering: Combs and Weschler are trailing both Buffett and the S&P 500....
...with expectations of about 450,000 cars in the quarter....
...The slowdown has sent Tesla’s shares down 31 per cent this year, making it the second-worst performer on the S&P 500....
...“The idea that the kids went down struggling to get out of the car . . . ” she says, her voice cracking. “It’s unbearable . . ....
...This was classic Cowen — a bold thesis, cogently argued, which stimulated a public debate. Now Cowen is saying precisely the opposite....
...Washington D.C., March 18, 2024 — The Securities and Exchange Commission today announced settled charges against two investment advisers, Delphia (USA) Inc. and Global Predictions Inc., for making false...
...This provided some relief to a stock that had at one point fallen more than 40 per cent in 2024, the worst performance on the S&P 500. But at Tesla’s headquarters in Austin, Texas, drama was brewing....
...Assume, then, that TMTG’s weighted average cost of capital falls from more than 20 per cent to 5-6 per cent, the S&P 500’s average WACC. Even then, we’re only at $51....
...This is classic supply and demand....
...Weschler, 61, started out as a junior financial analyst at WR Grace before helping to start private equity group Quad-C Management, then launching his own hedge fund in 2000....
...He was highlighting a report on how the biggest tobacco companies enjoy much higher scores from some environmental, social and governance rating providers than Musk’s electric car company....
...The Californian carmaker now plans to fix software for all of its Model X, 3 and Y cars and many of its Model S cars in the US that were fitted with the system, the NHTSA said....
...Auto insurers across the US had struggled with the high replacement costs of new cars, exacerbated by supply chain issues and surging inflation....
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