(Bloomberg) – Tesla Inc. shares were poised to fall to their lowest since December 2016 on concerns the carmaker faces a "Kilimanjaro-like uphill climb" to hit profitability goals in the second half, said Wedbush analyst Dan Ives, who cited fears over demand and growth.
Tesla’s stock tumbled to a 30-month low after an analyst claimed Elon Musk’s distraction with “sci-fi projects” has plunged Wedbush Securities’ Dan Ives on Monday cut his price target for Tesla shares to $230 from $275, saying Musk must focus on simplifying the company’s business model and [.]
GM says most new vehicles to get over-the-air upgrade tech by 2023 Reuters India – by Joe White DETROIT (Reuters) – General Motors Co said on Monday most of its global models will be capable of over-the-air software upgrades by 2023, as the automaker rolls out new vehicle electrical systems designed to securely handle heavy data traffic and software downloads from the internet.
Tesla Faces ‘Hurricane-Like’ Headwinds, Analyst Ives Says. Bloomberg Videos. 20 May 2019.Permanent TSB seeks to raise 525m | Financial Times – Permanent TSB, which was nationalised at the height of the country’s financial crisis at a cost of 4bn to Irish taxpayers, failed europe-wide banking stress tests last year.
Tesla shares drop after analyst says Elon musk distracting carmaker with ‘sci-fi initiatives’ – CNBC – Tesla Chief Executive Office Elon Musk speaks at his company’s factory in Fremont, California.Noah Berger | ReutersWedbush cut its price target on Tesla shares to $230 from $275 on Monday, citing "major concerns" about the growth plan of Elon.
Ives says the best case scenario for the Company is producing 360,000. “Tesla is facing a quagmire as the company is in the midst of building.
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Daniel Ives, an analyst at FBR & Co., maintained his outperform rating. “Apple is a uniquely compelling name to buy in this hurricane-like market downdraft this morning,” Ives wrote in a note to.