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☆ The Fed's dot plot isn't something to be super concerned about, says Goldman Sachs' Lindsay Rosner
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe Fed's dot plot isn't something to be super concerned about, says Goldman Sachs' Lindsay RosnerLindsay Rosner, Goldman Sachs Asset Management head of multi-sector fixed income investing, joins 'Squawk Box' to preview the Fed's upcoming meeting this week, why she believes the focus for investors should be on the central bank's dot plot, its balance sheet and rhetoric, the fixed income market, and more.

Persons: Goldman Sachs, Lindsay Rosner Lindsay Rosner, Goldman Organizations: Management

☆ Tesla shares gain after Model Y price hike in U.S., Europe
▼ + stars: | 2024-03-18 | by ( ) www.cnbc.com time to read: +1 min

Model Y cars are pictured during the opening ceremony of the new Tesla Gigafactory for electric cars in Gruenheide, Germany, March 22, 2022. Shares of Tesla jumped nearly 7% on Monday after the automaker announced price increases for its Model Y electric vehicles across some European countries and the United States. Tesla said prices of its Model Y vehicles will be increased by approximately 2,000 euros ($2,177) in some European countries effective March 22, according to a company statement on Saturday. It had announced on Friday price hikes for all Model Y cars in the U.S. by $1,000 effective April 1. Tesla shares rose as high as $174.72, up nearly 7%, on Monday following the announcements, making it the biggest percent daily gain in more than a month after sliding for two weeks.

Persons: Tesla, Emmanuel Rosner Organizations: Deutsche Bank Locations: Gruenheide, Germany, United States, U.S

☆ Analysts baffled by Tesla not giving an outlook, can't think of another big company not to do so
▼ + stars: | 2024-01-25 | by ( Samantha Subin | ) www.cnbc.com time to read: +4 min

Barclays analyst Dan Levy, for example, lowered his target on Tesla shares to $225 from $250, saying that a "cloudy path ahead reinforces some downside risk." Guggenheim left a sell rating and $132 price target in place. "We expect consensus estimates to come down on what will likely be interpreted as a cautious outlook with reduced visibility," wrote Citi's Itay Michaeli. Michaeli lowered Citi's Tesla price target to $224 from $255 a share, implying about 8% upside from Wednesday's close. The bank remains on the sidelines with a neutral rating on Tesla shares, awaiting a "more convincing entry point," he wrote.

Persons: Tesla, Morgan Stanley's Adam Jonas, Joseph Spak, Dan Levy, Wells Fargo's Colin Langan, Emmanuel Rosner, Guggenheim, Ronald Jewsikow, Bernstein's Toni Sacconaghi, Itay, Goldman Sachs, Mark Delaney, — CNBC's Michael Bloom Organizations: Wall Street, UBS, Barclays, Deutsche Bank, EV Locations: Wednesday's

☆ Here’s what analysts are expecting from Tesla earnings
▼ + stars: | 2024-01-24 | by ( Pia Singh | ) www.cnbc.com time to read: +5 min

Analysts are largely cautious on Tesla — and the broader autos industry — ahead of the electric vehicle company's earnings on Wednesday. TSLA 1Y mountain Tesla shares over the past year. "There is continually growing evidence that the global EV market is in an unfavorable balance of supply (growing) vs. demand (slowing)." The analyst rates Tesla stock a buy with a $260 price target. Higher units likely require more price cuts," analyst Joseph Spak forecasted about Tesla's earnings in a Jan. 15 note.

Persons: Tesla, outsized, John Murphy, Murphy, Wells, Colin Langan, Langan, Morgan Stanley Morgan Stanley, Adam Jonas, Jonas, Emmanuel Rosner, Rosner, Joseph Spak Organizations: Tesla, Bank of America, Deutsche Bank Deutsche Bank Research, UBS UBS, UBS Locations: China, Tuesday's, Downside, Wells Fargo, Europe

☆ Corporate bond yields are off highs, but are still attractive. Here's what experts say to look for in 2024
▼ + stars: | 2023-12-29 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

While corporate bond yields have moved down off their highs, investors will still be able to snap up some juicy income next year, experts believe. USIG YTD mountain The iShares Broad USD Investment Grade Corporate Bond ETF tracks the ICE BofA U.S. Corporate Index. However, for income investors not just focusing on the next 12 months, investment-grade corporate bonds look very attractive, he said. WINC YTD mountain Western Asset Short Duration Inc ETF In fact, he thinks 2024 will provide a unique opportunity for corporate bond investors. He also doesn't think corporate bonds are particularly attractive on a total return performance thanks to their recent run higher.

Persons: Goldman, Lindsay Rosner, Collin Martin, Charles Schwab, Martin, Martin doesn't, Fitch, Kurt Halvorson, Halvorson, you'll, Michael Kessler, Kessler, Schwab's Martin Organizations: Federal Reserve, ICE, Corporate, . Investment, Goldman, CNBC, Western Asset, Albion Financial, Investors Locations: Goldman Sachs

☆ Goldman says 2024 will be ‘the year of the bond.’ Here's how it says to invest
▼ + stars: | 2023-12-01 | by ( Michelle Fox | ) www.cnbc.com time to read: +3 min

There's good news for fixed-income investors heading into next year, according to Goldman Sachs Asset Management. After a dismal 2023, next year will be "the year of the bond," predicted Lindsay Rosner, head of multisector fixed income investing at the money manager. "Fixed income is a great place to be," she said in an interview with CNBC. The investment firm recently released its outlook for 2024 and called the recent run of negative fixed income returns in response to "an inflation and policy shock" an anomaly and not the trend. "Given [that] duration can be your friend again, things are lining up to put you in a really good position in fixed income."

Persons: Lindsay Rosner, TINA, TARA, Goldman, Rosner, Michael Bloom Organizations: Goldman Sachs Asset Management, CNBC, Federal Reserve, Treasury

☆ Why Warblers Flock to Wealthier Neighborhoods
▼ + stars: | 2023-11-21 | by ( Hillary Rosner | ) www.nytimes.com time to read: +2 min

The evolutionary effects of redlining are percolating through urban wildlife populations, but they are not yet set in stone. Not only does the composition of wildlife differ between neighborhoods, but so does the incidence of people looking for wildlife. Diego Ellis Soto, a Ph.D. student at Yale, found that across the country, historically redlined neighborhoods were the least studied areas for bird diversity. Mr. Ellis Soto, who is from Uruguay, said he was shocked when he arrived in New Haven and saw how segregated the city was. “How can we protect what we don’t have information for?” Mr. Ellis Soto said.

Persons: ” Chloé Schmidt, Schmidt, “, “ Redlining, redlining, ”, Dr, Katti, Diego Ellis Soto, Ellis Soto, Mr Organizations: German Center, Integrative Biodiversity Research, Yale Locations: New Jersey, U.S, Uruguay, New Haven

☆ Instant view: Cooler October US CPI raises confidence that Fed hikes done
▼ + stars: | 2023-11-14 | by ( ) www.reuters.com time to read: +8 min

Economists polled by Reuters had forecast the CPI gaining 0.1% on the month and increasing 3.3% on a year-on-year basis. The rally was due to rising investor belief that the Federal Reserve will now be less likely to hike interest rates at future meetings. LINDSAY ROSNER, HEAD OF MULTI-SECTOR FIXED INCOME INVESTING, GOLDMAN SACHS ASSET MANAGEMENT, NEW YORK“Today's Core CPI print was below expectations. "The Fed will not want to step back from its hawkish stance yet; the annual core rate at 4% is still some way away from target. THOMAS HAYES, CHAIRMAN AT HEDGE FUND GREAT HILL CAPITAL, NEW YORK"We're happy to see both headline and core CPI come in lower than expected.

Persons: Hannah Beier, ” BEN JEFFERY, GREG BASSUK, ” “, ” BRIAN JACOBSEN, MENOMONEE, we’ll, ” CHRIS ZACCARELLI, LINDSAY ROSNER, GOLDMAN, ” MATTHEW MISKIN, JOHN, “, ” STUART COLE, Kashkari, Powell, PETER ANDERSEN, ANDERSEN, it's, THOMAS HAYES, OLIVER PURSCHE, It’s, ” Organizations: Reading, REUTERS, Federal Reserve, Labor Department's Bureau of Labor Statistics, Reuters, Treasury, Markets, BMO, Reserve, CPI, ALLIANCE, Fed, Global Finance, Thomson Locations: Philadelphia , Pennsylvania, U.S, WALTHAM, MA, WISCONSIN, CHARLOTTE, GOLDMAN SACHS, JOHN HANCOCK, BOSTON, LONDON

☆ Watch CNBC's full interview with former Ford CEO Mark Fields and Deutsche Bank's Emmanuel Rosner
▼ + stars: | 2023-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with former Ford CEO Mark Fields and Deutsche Bank's Emmanuel RosnerMark Fields, former Ford CEO, and Emmanuel Rosner, Deutsche Bank lead auto technology analyst, join 'Squawk on the Street' to discuss the recent attitude towards electric vehicles, some of the challenges in leveraging the growth in electric vehicles, and more.

Persons: Mark Fields, Deutsche Bank's Emmanuel Rosner Mark Fields, Emmanuel Rosner Organizations: Ford, Deutsche, Deutsche Bank

☆ Most automakers have not cracked the economics to make an EV affordable, says Deutsche's Rosner
▼ + stars: | 2023-11-07 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMost automakers have not cracked the economics to make an EV affordable, says Deutsche's RosnerMark Fields, former Ford CEO, and Emmanuel Rosner, Deutsche Bank lead auto technology analyst, join 'Squawk on the Street' to discuss the recent attitude towards electric vehicles, some of the challenges in leveraging the growth in electric vehicles, and more.

Persons: Deutsche's Rosner Mark Fields, Emmanuel Rosner Organizations: Ford, Deutsche Bank

☆ There's an overall slowdown in EV adoption, says Deutsche Bank's Emmanuel Rosner
▼ + stars: | 2023-10-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThere's an overall slowdown in EV adoption, says Deutsche Bank's Emmanuel RosnerEmmanuel Rosner, Deutsche Bank lead auto technology analyst, joins 'Squawk on the Street' to discuss the auto industry, why there's a slowdown in EV adoption, and more.

Persons: Deutsche Bank's Emmanuel Rosner Emmanuel Rosner Organizations: Deutsche, Deutsche Bank

☆ Opinion: Uncomfortable reality for Biden
▼ + stars: | 2023-10-22 | by ( Richard Galant | ) edition.cnn.com time to read: +18 min

We’re looking back at the strongest, smartest opinion takes of the week from CNN and other outlets. He didn’t live to see the allies’ victory in World War II that year or the conference in San Francisco that month that established the United Nations. But his diplomatic efforts to meet with Arab leaders came undone after a devastating explosion at a hospital in Gaza. Biden himself initially supported the US 2003 war in Iraq only to end up as the president who ordered the US pullout of Afghanistan. “This is the politics that Donald Trump’s rhetoric has wrought among his supporters in the Republican Party,” wrote Avlon.

Persons: Franklin D, Roosevelt, Joe Biden, FDR, “, ” Biden, Steve Breen, GoComics.com Biden, Seth Moulton, ”, David Petraeus, ‘, Petraeus, Moulton, Shmuel Rosner, “ Israel, Biden, David Mark, Donald Trump, Gaza Hani Almadhoun, ” Yasmine Mohammed, Will Heath, Pete Davidson, Dean Obeidallah, Davidson, ” Obeidallah, ” Wadea, Khaled, Wadea’s, Mukesh Kapila, Frida Ghitis, Nicole Hemmer, Michael, Peter Bergen, Israel, ” Bergen, “ Khaled Hroub, ’, ” Hroub, what’s, ” Jim Jordan flunks, Nick Anderson, Jim Jordan, Julian Zelizer, “ Jordan, MAGA, Trump, shutdowns, Jordan, —, ” Zelizer, ” John Avlon, Jake Tapper, Donald Trump’s, Utah Sen, Mitt Romney, Cupp, Bill Bramhall, Trump Sidney Powell, Powell “, Jennifer Rodgers, ” Clay Jones, Kenneth Chesebro, Rudy Giuliani, John Eastman, Jack Smith, Trump’s, Jill Filipovic, “ It’s, …, Don’t, Scott Stantis, David Goldblatt, Amy Bass, Mary Lou Retton, Amy Klein, Glock, homebuyers Holly Thomas, Frasier ’, Richie Hofmann, Lily Gladstone, Leonardo DiCaprio, Niro, DiCaprio, Scorsese, David Grann’s, White, Noah Berlatsky, “ Martin Scorsese, Robert De Niro Organizations: CNN, United Nations, UN, Arab, Marine Corps, Democratic, Twitter, Facebook, Republican, Capitol, United Nations Relief, Works Agency, “, NBC, New York City, World Trade, Chicago, Hamas, Tribune, Trump, Tea Party, Republican Party, GOP, Utah, Republicans, Agency, White Locations: Warm Springs , Georgia, San Francisco, United, United States, Soviet Union, United Kingdom, China, Ukraine, Israel, America, Gaza, What’s, Massachusetts, Iraq, “ Israel, Afghanistan, Iraqi, Najaf, Iran, Lebanon, ”, New, Geneva, Palestinian, Fulton County , Georgia, Hollywood, Oklahoma

☆ This trade is where big investors are hiding out amid choppy markets, Goldman Sachs says
▼ + stars: | 2023-10-06 | by ( Hugh Son | ) www.cnbc.com time to read: +1 min

A Goldman Sachs Group Inc. logo hangs on the floor of the New York Stock Exchange in New York, U.S., on Wednesday, May 19, 2010. Investors have piled into short-term U.S. government bonds in a bid to wait out the upheaval caused by a blowout in longer-term yields, according to a Goldman Sachs executive. The trade is a key way that institutions and wealthy investors are adjusting to the surge in long-term interest rates that have roiled markets lately. The 10-year Treasury yield has been climbing for weeks, reaching a 16-year high of 4.89% Friday after the September jobs report showed that employers were still hiring aggressively. Investors poured more than $1 trillion into new T-bills last quarter, according to Bloomberg.

Persons: Goldman Sachs, Lindsay Rosner, Rosner Organizations: Goldman Sachs, Inc, New York Stock Exchange, Goldman, CNBC, Treasury, Investors, Bloomberg Locations: New York, U.S, Goldman Sachs

☆ Why borrowing costs for nearly everything are surging, and what it means for you
▼ + stars: | 2023-10-05 | by ( Hugh Son | ) www.cnbc.com time to read: +5 min

At the center of the storm is the 10-year Treasury yield , one of the most influential numbers in finance. The relentless rise in borrowing costs has blown past forecasters' predictions and has Wall Street casting about for explanations. Companies that can only issue debt in the high-yield market, which includes many retail employers, will confront sharply higher borrowing costs. Higher rates squeeze the housing industry and push commercial real estate closer to default. "So if banks haven't fixed their issues since then, the problem is only worse, because rates are only higher."

Persons: Jerome Powell, SAUL LOEB, Bob Michele, Ben Emons, Treasurys, Benjamin Dunn, Lindsay Rosner, Peter Boockvar, Rosner Organizations: Federal Reserve, Washington , D.C, Getty, ., Treasury, Fed, JPMorgan, NewEdge, Bloomberg, Alpha Theory Advisors, Goldman, Companies, Bleakley Financial, Valley Bank, First Locations: Washington ,, U.S, Goldman Sachs, First Republic

CNN —The 2023 Nobel Prize in physics has been awarded to a team of scientists who created a ground-breaking technique using lasers to understand the extremely rapid movements of electrons, which were previously thought impossible to follow. “An attosecond is to one second as one second is to the age of the universe,” the committee explained. Pierre Agostini, Ferenc Krausz and Anne L'Huillier shared this year's physics prize. Rapid movements blur together, making extremely short events impossible to observe. Electrons’ movements in atoms and molecules are so rapid that they are measured in attoseconds.

Persons: Pierre Agostini, Ferenc Krausz, Anne L’Huillier “, “, Bob Rosner, ”, Rosner, Anne L'Huillier, Max Planck, ” L’Huillier, Hans Ellegren, L’Huillier, Olle Eriksson, —, Michael Moloney, ” Moloney Organizations: CNN, American Physical Society, University of Chicago, Ohio State University, Max, Quantum Optics, National Academy of Sciences, Lund University, Max Planck, Royal Swedish Academy of Sciences, Uppsala University, American Institute of Physics Locations: Stockholm, Sweden, Germany

☆ Deutsche Bank trims Tesla price target, cites risks to the electric vehicle maker's prospects going forward
▼ + stars: | 2023-09-27 | by ( Pia Singh | ) www.cnbc.com time to read: +2 min

In addition to a third-quarter miss, Deutsche Bank sees "meaningful downside risk" to Tesla 's 2024 consensus expectations due to limited volume growth next year. Analyst Emmanuel Rosner cut his price target on the stock by $15 to $285, which suggests shares can gain 16.7% from Tuesday's closing price. "We see near term risk from weaker fundamentals into 2024," Rosner said in a Tuesday note. Despite its stock price boom, Rosner isn't too confident about Tesla's prospects going forward. The analyst lowered his third-quarter revenue forecast to $23.3 billion on lower volume expectations, down from $24.1 billion.

Persons: Tesla, Emmanuel Rosner, Rosner, Rosner isn't, — CNBC's Michael Bloom Organizations: Deutsche Bank, Barclays Locations: 4Q23, China

☆ Urban Planning Presents Complex Challenges for Seniors - The New York Times
▼ + stars: | 2023-09-06 | by ( Andy Hong | ) www.nytimes.com time to read: +12 min

But for older adults, our towns and cities are filled with obstacles — stairs, unsafe sidewalks and crossings, inadequate lighting — that grow increasingly difficult for them as they age. Alberto Lau, 78, San DiegoDr. Hong responds: Busy streets and intersections can be challenging for older adults to navigate. Additionally, installing more crosswalks and making them more visible can make it easier for older adults to cross the street safely. Yet more and more older adults need the kind of high-quality transportation that can reliably get them from one place to another. This can be especially important for older adults, who may have slower reaction times or difficulty seeing oncoming traffic.

Persons: it’s, They’re, Alberto Lau, San Diego Dr, Hong, ” Deborah Muccino, Uber, Janice Mundy, Rosner, I’m, I’ve, Jan Ligon, Saralyn Fosnight, Andy Hong, Hirotoshi Iwasaki, Vishakha Darbha, Kaari Pitkin, Carole Sabouraud, Efim Shapiro, Jillian Weinberger, Tenzin D, Meher Ahmad, Ana Becker, Jessia Ma Organizations: New York Times, Department of Transportation, New, University of Utah Locations: “, San Diego, Concord, Calif, Pennsylvania, California, Gig, Pierce County, Rural, Michigan, Detroit, Atlanta, New York City, Chicago, Boston, Kaari

☆ July Inflation Report Price Pressures Expected to Pick Up Slightly
▼ + stars: | 2023-08-10 | by ( Jeanna Smialek | Neal Boudette | ) www.nytimes.com time to read: +3 min

Instead, Wall Street analysts and policymakers at the Federal Reserve will scrutinize the “core” inflation measure that strips out food and fuel prices, which can be volatile. When it comes to the monthly change in core inflation, the news could be a lot more encouraging. If that pans out, it would make for the lowest back-to-back core inflation readings since early 2021. Still, the inflation report could be more difficult for the Biden administration to brag about than the last few reports, which showed across-the-board cooling. “Core inflation pressures are cooling down,” she said.

Persons: Biden, “, ”, Laura Rosner, Warburton, ” Carl Riccadonna Organizations: Inflation, Wall Street, Federal Reserve

PinnedInflation data released on Wednesday showed a pronounced cooling and offered some of the most hopeful news since the Federal Reserve began trying to tame rapid price increases 16 months ago. Officials have signaled in recent weeks that they are likely to raise interest rates at their July 25-26 meeting. For one thing, the cost of housing as measured by the Consumer Price Index — which relies on rent prices — is coming down sharply. The Fed officially targets 2 percent inflation on average over time, though it defines that goal using a separate inflation measure, the Personal Consumption Expenditures index. Interest rates increases work partly by slowing the job market and cooling wage increases, so the Fed’s fight against inflation and the strength of the labor market are closely tied.

Persons: ”, Laura Rosner, Warburton, it’s, . Rosner, Airfares, “, Beth Weaver, Loretta Mester, ” Julia Pollak Organizations: Federal Reserve, Federal, Consumer, Buick GMC, Fed, Federal Reserve Bank of Cleveland, ZipRecruiter Locations: Erie, Pa

PinnedInflation data released on Wednesday showed a pronounced cooling and offered some of the most hopeful news since the Federal Reserve began trying to tame rapid price increases 16 months ago. But Federal Reserve officials are still trying to assess whether the cool down is likely to be quick and complete. Officials have signaled in recent weeks that they are likely to raise interest rates at their July 25-26 meeting. For one thing, the cost of housing as measured by the Consumer Price Index — which relies on rent prices — is coming down sharply. Interest rates increases work partly by slowing the job market and cooling wage increases, so the Fed’s fight against inflation and the strength of the labor market are closely tied.

☆ Tesla acted like a normal car company — and it worked out
▼ + stars: | 2023-07-02 | by ( Alexa St. John | ) www.businessinsider.com time to read: +3 min

Elon Musk's car company produced almost 480,000 vehicles and delivered more than 466,000. But with production outpacing deliveries, there are still challenges on the horizon for Tesla. It seems like acting like a traditional car company is working out for Elon Musk's Tesla. That shows an upward trajectory from a well-received first quarter, when Tesla reported production of 440,000 vehicles and just under 423,000 deliveries. Production Deliveries Q1 2022 305,407 310,048 Q2 2022 258,580 254,695 Q3 2022 365,923 343,830 Q4 2022 439,701 405,278 Q1 2023 440,808 422,875 Q2 2023 479,700 466,140Source: Tesla

Persons: Tesla, Elon, Elon Musk's Tesla, –, Musk, Emmanuel Rosner, Rosner Organizations: Elon, Tesla, Bloomberg, Deutsche Bank Locations: China

☆ Going Bankrupt in the Name of Efficiency
▼ + stars: | 2023-06-21 | by ( Jennifer Szalai | ) www.nytimes.com time to read: +3 min

People in favor of private equity will say that the firms serve a crucial function, making troubled businesses more robust and efficient. “Roughly one in five large companies acquired through leveraged buyouts go bankrupt in a decade,” he writes. By 2017, after years of layoffs, crushing debt and being charged regular management fees by the private equity firms “for the privilege to be owned by them,” Ballou writes, Toys “R” Us was bankrupt. Private equity firms have acquired nursing homes, provided staffing for hospitals and services for prisons. And, of course, the cost-cutting measures typically imposed on acquired companies often include slashed wages and abandoned pension obligations.

Persons: Ballou, ”, ” Ballou, Morgenson, Rosner, David Rubenstein, HCR, we’re, ” Rubenstein Organizations: KKR, Bain, Vornado Realty Trust, Carlyle Group, ” Industries

☆ GM and Ford are not Tesla’s competitors, says Deutsche Bank’s Emmanuel Rosner
▼ + stars: | 2023-06-20 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGM and Ford are not Tesla’s competitors, says Deutsche Bank’s Emmanuel RosnerEmmanuel Rosner, Deutsche Bank lead auto technology analyst, joins 'Squawk on the Street' to discuss why automakers are positive about the industry, expectations from second-quarter earnings, and the overall auto industry.

Persons: Deutsche Bank’s Emmanuel Rosner Emmanuel Rosner Organizations: GM, Ford, Deutsche, Deutsche Bank

The fresh data offer the latest evidence that the Fed’s push to control rapid price increases is beginning to work. Investors have been betting that Fed officials will leave rates unchanged at their meeting this week, breaking their long streak of increases. Even so, many investors continue to expect that Fed officials will restart rate increases in July. That “core” price index rose 5.3 percent in May compared with a year earlier. And price increases for goods excluding motor vehicles remained positive, instead of subtracting from inflation as some economists have been expecting.

Persons: “, ” Laura Rosner, Warburton, Airfares, Ms, Rosner, Jerome H, Powell Organizations: Federal Reserve, Fed, Mortgage, Association

☆ EV startups conserve cash as make-or-break moment approaches. Here's where everyone stands
▼ + stars: | 2023-05-24 | by ( John Rosevear | In Jrosevear | ) www.cnbc.com time to read: +14 min

As legacy automakers increasingly ramp production of all-electric vehicles, cushioned by the profits of gas-powered models, a handful of EV startups are scrambling to conserve cash and stay in the mix. It also means the amount of cash Fisker had left as of the end of March, $652.5 million, isn't yet cause for alarm. Still, Fisker cut its production guidance for 2023 to between 32,000 vehicles and 36,000 vehicles, from 42,400 in its original plan. Or as Evercore ISI analyst Doug Dutton wrote before Fisker's earnings report, "Fisker is beginning to turn into a story of binary and 'show me' outcomes." It had $108.1 million remaining as of the end of March, but it lost $171.1 million in the first quarter .

Persons: Tesla, Rivian, Claire McDonough, Rivian's, It's, McDonough, Deutsche Bank's Emmanuel Rosner, Rosner, Sherry House, Peter Rawlinson, Bank of America's John Murphy, Murphy, Aston Martin, Henrik Fisker, Fisker, Doug Dutton, Dutton, Nikola Nikola, Trevor Milton, Nikola, Voltera, TD Cowen, Jeffrey Osborne, Osborne, Polestar Polestar, it's, Johan Malmqvist isn't, aren't, Deutsche Bank's Rosner, Lordstown, Foxconn, Foxconn doesn't Organizations: EV, Amazon, Deutsche, Lucid's, Bank of America's, BMW, Global, Magna International, Nikola, Iveco, Volvo Cars, Geely, Lordstown, Nasdaq, General Motors Locations: Georgia, Magna, Austria, U.S, Europe, North America, Nikola's, Swedish, China, Ohio, Lordstown

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