Top related persons:
Top related locs:
Top related orgs:

Search resuls for: "Lekander"


7 mentions found


A Tesla short-seller named two auto stocks that he believes have the potential to deliver 100% upside for investors. Lekander, who holds a short position in Tesla shares, has said the EV carmaker could "go bust" while its stock could fall to $14. His comments came after Tesla reported 386,810 vehicle deliveries in the first quarter, significantly below the lowest market estimates . Valuing AI in auto Lekander also dismissed the notion that Tesla's self-driving software justifies its high valuation, noting that the product is still in early research and development. "I thus remain massively bullish quality auto stocks, Stellantis and Mercedes are my favourites as they are well run and fully investor owned," Lekander told CNBC via email.
Persons: Per, Mercedes, Tesla, Lekander, CNBC's, Lekander's, — CNBC's Arjun Kharpal Organizations: Clean, Mercedes Benz, Romeo, Chrysler, Dodge, Fiat, Jeep, EV, Nvidia, CNBC, Stellantis
Since 2020, Clean Energy Transition has been short Tesla's stock, meaning Lekander's firm will profit if the automaker's shares fall. Lekander has taken his bearish Tesla call further, suggesting the stock could fall to $14 per share. watch nowIf Tesla's stock hit $14, that would represent around 91% downside from Tuesday's close. Analysts at HSBC and TD Cowen cut their price targets on Tesla's stock on Wednesday. Cathie Wood's Ark Invest bought Tesla stock for some of its funds this week ahead of the first-quarter delivery numbers in a sign of support.
Persons: Elon Musk, Tesla, Antonio Masiello, shorting, Lekander, Tesla's, that's, Richard Windsor, Windsor, Dan Ives, Ives, TD Cowen, Cathie Wood, Tom Narayan, CNBC's Organizations: Fratelli, shorting Elon, CNBC, Wednesday, Clean, Lansdowne Partners, Volkswagen, Radio Free Mobile, Wedbush Securities, HSBC, Invest, RBC Capital Markets Locations: Italy, Rome
An influential oil producers' alliance could collapse if unity dissolves around output policy, according to the managing partner of investing group Clean Energy Transition. The breakup of OPEC+, Lekander said, could send oil prices careening to as low as $35 per barrel. Oil prices, which are down sharply year-to-date, were trading slightly higher on Thursday afternoon. The OPEC+ group has sought to distance itself from accusations of cartel behavior, saying its policies target global supply inventories, rather than specific fixed prices. Nevertheless, some Middle East nations in the coalition, which heavily depend on fossil fuel revenues, list oil price assumptions and forecasts in their national budget plans.
Persons: Per Lekander, Lekander Organizations: OPEC, Brent, U.S, West Texas Locations: OPEC
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWe are just about at peak oil demand right now, portfolio manager saysPer Lekander, managing partner at the Clean Energy Transition, discusses the timeline for peak oil demand, the outlook for energy companies and explains why he believes autos is an “amazingly interesting” sector.
Persons: Per Lekander Organizations: Clean
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPortfolio manager says OPEC+ oil alliance could break — with crude falling to $35 a barrelPer Lekander, managing partner at the Clean Energy Transition, discusses the outlook for OPEC and its partners and says the collapse of the energy alliance could send oil prices sharply lower.
Organizations: Clean, OPEC Locations: OPEC
Referencing additions in solar power capacity and liquefied natural gas terminals, Lekander went on to hammer home the importance of reducing demand. "And ... assuming that these gas savings remain — because we can see it now, we have really, really cold weather, we are still drawing less than typical seasonality." The situation with power was "a bit different," however, he said. "The reason why we have a power crisis in Europe has very little to do with Putin," he said. "I would almost say that Putin actually made the situation better," he added.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWorst is over for gas supply security issues, portfolio manager saysPer Lekander, managing partner and portfolio manager at Clean Energy Transition, discusses his outlook for European energy.
Total: 7