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☆ Why some Wall Street analysts think Tesla may have more price cuts ahead
▼ + stars: | 2023-04-03 | by ( Alex Harring | ) www.cnbc.com time to read: +4 min

He also said that price cuts reflect an industry leader's structural advantage that, while pressuring margins, can squeeze competition. Tesla's cuts were seen as catalysts in a "price war," as legacy automakers such as Ford followed in slashing prices for their electric vehicles. That places him in the majority, with more than half of analysts rating Tesla a buy, according to Refinitiv. Brinkman also said price cuts hurt Tesla more than legacy automakers. "We are of the opinion that without the aggressive price cuts, Tesla sales may not have grown on a sequential basis, a sign that even the most dominant EV player is not invulnerable to a slowing macro and competition."

☆ Luminar CFO defends lidar maker's pricing and revenue in the wake of a Goldman downgrade
▼ + stars: | 2023-03-24 | by ( John Rosevear | ) www.cnbc.com time to read: +3 min

A Mercedes-Benz van retrofitted with different types of lidar systems, including Luminar's Iris, to showcase the differences in the technologies. Lidar maker Luminar Technologies , stung by a recent Wall Street downgrade, is responding in an unusual way: taking its case directly to the shareholders. "We continue to see Luminar as one of a handful of leaders in the very competitive lidar industry," Delaney wrote. "'Premium pricing' isn't a theoretical concept we are forecasting, but an achievement we have already made in our major customer contracts," Fennimore wrote in the shareholder letter. And the second point Fennimore says Goldman missed: The time frame Delaney chose to compare Luminar's valuation against those of its rivals.

☆ Goldman Sachs says this self-driving car software stock could fall 35%
▼ + stars: | 2023-03-22 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Luminar Technologies shares are too expensive at current valuations and could fall 35%, Goldman Sachs said. Luminar shares outperformed this year as investors moved back into riskier assets. However, the analyst says Luminar shares now have downside after that run-up. Delaney's $5 price target means shares could fall 35% from Tuesday's close. Luminar shares were down more than 8% in Wednesday premarket trading.

☆ Tesla a 'screaming buy' or bellwether for zombie stocks? The bulls and bears state their case
▼ + stars: | 2023-03-08 | by ( Weizhen Tan | ) www.cnbc.com time to read: +4 min

Tesla's stock closed at $193.81 on Monday — 49.2% off its 52-week high, compared to an average drop of 18% among its peers, according to FactSet. Over the year so far, Tesla shares are up around 57%, but looking ahead, analysts are divided on the company's prospects. The bears: 'Bellwether' for zombie stocks Apart from the recent price cuts, Tesla has hinted at a cheap, next-generation model that would cost $25,000. David Trainer, CEO of investment research firm New Constructs, said that it's "nosebleed high because the cash flow expectations baked into the stock price are unreasonably optimistic." And you look at the relative growth to large cap tech companies and it's a screaming buy," he said.

☆ Tesla shares down 8% after Investor Day despite positive analyst sentiment
▼ + stars: | 2023-03-02 | by ( Rohan Goswami | ) www.cnbc.com time to read: +1 min

Tesla shares continued sliding Thursday morning, a movement that began the prior day during Tesla's Investor Day event, which provided investors with a long-term vision but lacked detail on new products or services. The electric-vehicle manufacturer's stock fell over 8% in the pre-market, despite positive analyst reaction to CEO Elon Musk's presentation and to Tesla's overall outlook. Jonas has an overweight rating and set a $220 price target for the stock. Goldman Sachs maintained a buy rating and a $200 price target, with analyst Mark Delaney writing Thursday that "the event reinforced our positive view of the company's long-term competitive positioning." Tesla shares are up over 80% year-to-date but remain well off of the 2021 high, which propelled the stock price above $400.

☆ Here's what every major analyst thought of Tesla's investor day
▼ + stars: | 2023-03-02 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Analysts aren't budging on Tesla coming off an investor day that they see as offering little detail on the electric vehicle maker's future plans. Bernstein analyst Toni Sacconaghi, a noted bear on the stock, called the meeting "somewhat disjointed and fairly technical." The investor day came as investors grow increasingly cautious following Musk's chaotic purchase of Twitter and recent price cuts to some Tesla models . Wells Fargo Analyst: Colin Langan Price target: $190, a downside of 6.3% from Wednesday's close Rating: Staying equal weight "It's unclear how long the recent Model3/Y price cuts will sustain demand. There was also no comment on a Model 3/Y refresh or any major update on Tesla Bot or FSD.

☆ College students are drowning in textbook costs. There's a push in Congress to make them free.
▼ + stars: | 2023-03-01 | by ( Madison Hall | ) www.businessinsider.com time to read: +9 min

Some members of Congress have joined the movement to provide free textbooks to university students. The college textbook landscape, however, isn't a free market, as students must buy whichever course materials their professor selects for their class. As states across the country create their own grants for open textbooks, members of Congress have also begun to take notice. "We are helping cut the cost of attending college by supporting the creation and expansion of open college textbooks," Durbin told Insider in a statement. And while there's no timeline for the Affordable College Textbook Act to make it through Congress, federal legislators have granted $47 million in funds for open textbooks since 2018 as part of the Open Textbook Pilot Program.

☆ Exclusive: First Quantum warns employees that Panama mine may close if dispute is not settled
▼ + stars: | 2023-02-17 | by ( Valentine Hilaire | ) www.reuters.com time to read: +2 min

A long-running contract dispute between the Canadian miner and Panama officials centers on disagreements over tax rates and royalties at the Cobre Panama mine. In the latest twist, Panama's maritime authority last month ordered First Quantum to suspend copper concentrate loading operations at a major port, essentially blocking the company from shipping and selling its copper. The Vancouver-based company said the maritime authority had told it that the suspension was due to the scale it was using not being properly calibrated. "If concentrate is not shipped by next week, these technical frustrations may force Cobre Panama to enter care and maintenance or suspend operations," he said. Panama's maritime authority did not immediately reply to a request for comment.

☆ Judge Denies Boeing 737 MAX Families’ Request to Reject DOJ Deal
▼ + stars: | 2023-02-10 | by ( Dylan Tokar | Andrew Tangel | ) www.wsj.com time to read: +3 min

A federal judge in Texas denied a request by families of those killed in two 737 MAX crashes to throw out or modify a two-year-old settlement between Boeing Co. and the U.S. Department of Justice. “This court has immense sympathy for the victims and loved ones of those who died in the tragic plane crashes resulting from Boeing’s criminal conspiracy,” Judge O’Connor wrote in his ruling. The decision by Judge O’Connor is his third substantive ruling on the legal challenge launched by the 737 MAX victims’ relatives group. The judge last year ruled that the families of those who died in the 2018 and 2019 crashes were victims of the safety failures outlined by prosecutors. In January, Judge O’Connor presided over an arraignment the families had requested.

☆ The largest hedge fund in the world just named a 37-year-old woman as a co-CIO. Meet the top 11 execs leading Bridgewater into its new era.
▼ + stars: | 2023-02-02 | by ( Alyson Velati | Michelle Abrego | ) www.businessinsider.com time to read: +12 min

Karen Karniol-Tambour will join co-CIOs Greg Jensen and Bob Prince to oversee the hedge fund's investment strategy. Despite a breakout year for many multi-strategy and macro hedge funds, Bridgewater lagged behind its peers. Nir Bar Dea, co-CEOBar Dea. Bridgewater AssociatesAs cochief investment officer, Jensen oversees Bridgewater's investment strategies and research efforts as well as its investment talent. Since joining Bridgewater in 1986, he has been a partner in building the hedge fund's investment process and products.

☆ Auburn University blocked TikTok on campus WiFi. Journalism professors say they're looking for workarounds so they can still teach multimedia skills.
▼ + stars: | 2023-02-02 | by ( Grace Dean | ) www.businessinsider.com time to read: +7 min

Auburn University has blocked TikTok on campus WiFi following a directive by Alabama's governor. One Auburn student told Insider that he'd already deleted the TikTok app because it was distracting him from work. "TikTok has never shared US data with the Chinese government, nor would we if asked," a TikTok spokesperson told Insider. Auburn students say the restrictions could affect their downtime, but professors worry it could have educational impacts, too. Auburn students are able to get around the restrictions by not connecting to the campus WiFi.

☆ Asia markets rise following Wall Street's gains, Tokyo inflation notches up
▼ + stars: | 2023-01-27 | by ( Jihye Lee | ) www.cnbc.com time to read: +2 min

Wall Street analysts are divided on Tesla after the electric car company's latest quarterly results. While the move triggered a drop in used Tesla prices, they also supported demand for the vehicles. "Thus far in January we've seen the strongest orders year to date than ever in our history. "Importantly, Tesla commented that since it lowered prices it has seen the strongest orders year-to-date in its history, with orders running about 2X production. While the strong orders are promising, the analyst said the auto gross margins were too weak to overlook.

☆ Elon Musk says his Twitter misadventure has only helped Tesla. Wall Street isn't buying it.
▼ + stars: | 2023-01-27 | by ( Asia Martin | ) www.businessinsider.com time to read: +6 min

Wall Street analysts feel otherwise: They're bullish on Tesla, but think Musk is too distracted. Musk's tweets have gotten him in trouble with shareholders and the courts. Wall Street thinks Twitter is a costly distractionMusk is not wrong in that he and Tesla are reasonably popular on Twitter. But how many of Musk's and Tesla's followers converted to sales based on the content coming from those accounts? As in most things, there's always more to the story — but you can't deny the impact of Musk's Twitter habits, either.

☆ Boeing pleads not guilty to fraud charge in 737 Max arraignment
▼ + stars: | 2023-01-26 | by ( ) www.cnbc.com time to read: +2 min

Family members hold photographs of Boeing 737 MAX crash victims lost in two deadly 737 MAX crashes that killed 346 people as they arrive for Boeing CEO Dennis Muilenburg's testimony before a Senate Commerce, Science and Transportation Committee hearing on “aviation safety” and the grounded 737 MAX on Capitol Hill in Washington, October 29, 2019. Boeing pleaded not guilty on Thursday to a 737 Max fraud conspiracy charge felony charge after families objected to a 2021 Justice Department agreement to resolve the investigation into the plane's flawed design. U.S. District Judge Reed O'Connor last week ordered Boeing to appear to be arraigned after he ruled that people killed in the two Boeing 737 Max crashes are legally considered "crime victims." The Justice Department in 2021 agreed to seek dismissal of the charge after the three-year agreement if Boeing complies with all terms. Lawyers for the victims said Boeing admitted under the agreement "that the 737 Max had an unsafe condition, and that it will not attempt to blame anyone else" for the crash.

[1/2] An aerial photo shows Boeing 737 MAX airplanes parked at the Boeing Factory in Renton, Washington, U.S. March 21, 2019. REUTERS/Lindsey WassonCompanies Boeing Co FollowFORT WORTH, Texas/WASHINGTON Jan 26 (Reuters) - Boeing Co (BA.N) pleaded not guilty on Thursday to a 737 MAX fraud conspiracy charge felony charge after families objected to a 2021 Justice Department agreement to resolve the investigation into the plane's flawed design. U.S. District Judge Reed O'Connor last week ordered Boeing to appear to be arraigned after he ruled that people killed in the two Boeing 737 MAX crashes are legally considered "crime victims." The Justice Department in 2021 agreed to seek dismissal of the charge after the three-year agreement if Boeing complies with all terms. Lawyers for the victims said Boeing admitted under the agreement "that the 737 MAX had an unsafe condition, and that it will not attempt to blame anyone else" for the crash.

☆ Tesla's strong orders and weak margins in its latest earnings have analysts conflicted on the stock
▼ + stars: | 2023-01-26 | by ( Sarah Min | ) www.cnbc.com time to read: +4 min

The company posted adjusted earnings of $1.19 per share, compared to expectations of $1.13 per share, according to Refinitiv estimates. We're currently seeing orders of almost twice the rate of production," Musk said during a call with analysts. While the strong orders are promising, the analyst said the auto gross margins were too weak to overlook. Still, he maintained a neutral rating on the firm following earnings, saying the outlook is balanced from here. Meanwhile, Bank of America's John Murphy reiterated a neutral rating, saying the operational and financial outlook for Tesla shares remains unchanged after earnings, and that the stock is "fairly valued."

☆ Goldman Sachs sees Tesla rallying nearly 40%, points to three positives for the stock
▼ + stars: | 2023-01-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Tesla's fourth-quarter report points to even more gains for the electric vehicle maker, Goldman Sachs said Thursday. Analyst Mark Delaney reiterated his $200 price target and buy rating on Tesla. CEO Elon Musk also said during a conference call that the company could produce 2 million vehicles in 2023. Tesla shares have fluctuated dramatically during the past year, as questions intensify over Elon Musk's involvement in the company and as Twitter CEO. The company's stock has gained 17.25% in 2023, and jumped 9.8% in premarket hours after it announced its earnings report.

☆ Big Ten Commissioner Kevin Warren to Depart for the NFL’s Chicago Bears
▼ + stars: | 2023-01-13 | by ( Laine Higgins | ) www.wsj.com time to read: 1 min

Big Ten commissioner Kevin Warren , one of the chief drivers of the consolidation that is rapidly transforming college football’s most powerful conferences, will return to the NFL as the president and chief executive of the Chicago Bears. Warren made a big impact in only about three years after taking over at the Big Ten from longtime commissioner Jim Delaney in 2020. He saw the conference through a period of rapid change, spearheaded a dramatic move west with the addition of UCLA and Southern California and shored up his league’s financial future by striking the largest television deal for an athletic conference in college sports.

☆ Rep. George Santos was paid by a company that the SEC called a 'classic Ponzi scheme' but he never disclosed the payments as a candidate, report says
▼ + stars: | 2023-01-12 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +2 min

On Wednesday, WaPo reported he was paid by a firm accused of being a Ponzi scheme in April 2021. A financial disclosure filed by Santos as a candidate that covered January 2021 to December 2022 did not list any payments from Harbor City Capital. An SEC complaint was filed against Harbor City Capital on April 20, 2021. The complaint, which did not name Santos, said the company's founder spent investors' money on personal expenses and paid them monthly interest payments in "classic Ponzi scheme fashion." Santos previously told The Daily Beast he did not know about what was going on at the company.

☆ Goldman Sachs downgrades this stock as auto market faces a tough macro outlook, names Tesla a top pick
▼ + stars: | 2023-01-11 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Shares of Keysight Technologies look poised for a reset as both the auto and communications infrastructure industries face a difficult macro environment ahead, according to Goldman Sachs. Analyst Mark Delaney downgraded shares of the electronic design and test solutions company that supplies products to the industries like autos, to neutral from buy. He cited increased exposure to a dwindling communications infrastructure market and the company's premium valuation relative to peers. "We expect a slowdown in telecom/communications infrastructure capex given the weaker macroeconomic backdrop, which could negatively impact Keysight's business in our opinion," Delaney wrote in a Tuesday note. Delaney also named General Motors and Tesla as his favored picks in 2023, noting that both companies are leading the way in autonomy.

☆ Pitch Decks That Advertising Tech Startups Used to Raise Millions
▼ + stars: | 2023-01-10 | by ( Business Insider | ) www.businessinsider.com time to read: +19 min

Check out these pitch decks that they've used to sell their vision and raise millions from private equity and VC investors. Blocking ad fraudAdtech startup Lunio, announced a $15 million Series A funding round in September 2022. In May 2022, the software-as-a-service startup raised a $30 million Series B round, led by Insight Partners. Marketing in the metaverseAnima, an augmented-reality startup, raised a $3 million funding round from investors in Janury. He raised $50 million in Series D after closing a $34 million Series C last year, bringing its total raised to $100 million.

☆ Canada's First Quantum could suspend Panama jobs due to government order to halt operations
▼ + stars: | 2023-01-08 | by ( Valentine Hilaire | ) www.reuters.com time to read: +2 min

PANAMA CITY, Jan 8 (Reuters) - Canada-based miner First Quantum would suspend a "significant amount" of jobs at its operations in Panama if the Central American government forces it to halt operations during a contract dispute, the company said in a letter. "If we have to reduce operations to care and maintenance mode, the company will need to take steps to reduce expenditure across the business. We could be forced to suspend a significant amount of our valued workforce," the letter sent to employees and seen by Reuters said. The company's Cobre Panama mine generates about 40,000 direct and indirect jobs and interacts with some 1,800 suppliers, according to a consultant. A spokesperson for the government did not reply to a request for comment on the timetable for the order.

☆ The Tom Brady of Other Jobs
▼ + stars: | 2022-12-24 | by ( Francesca Paris | ) www.nytimes.com time to read: +17 min

Meet them, and decide for yourself:The Tom Brady of Paramedics Jesse Izaguirre, 70Gardena, Calif.Jesse Izaguirre loves working with younger paramedics. Hopefully never.”The Tom Brady of Bakers Helen Fletcher, 83Clayton, Mo. Chalk it up to a great big fib.”The Tom Brady of Artists Lilian Thomas Burwell, 95Highland Beach, Md. “I should’ve signed them.”The Tom Brady of Biologists Maria Elena Zavala, 72Los AngelesProfessional longevity runs in Maria Elena Zavala’s family. It didn’t vanish when they crossed the border.”The Tom Brady of Loggers Earl Pollock, 82Hamburg, Ark.

☆ EV stocks face another turbulent year, but some names are set for big gains, analysts say
▼ + stars: | 2022-12-24 | by ( Alex Harring | ) www.cnbc.com time to read: +6 min

Electric vehicles remain hot Meanwhile, electric vehicles have a tailwind from new legislation. Meanwhile, Cantor Fitzgerald began coverage of Rivian on Dec. 20 with a $30 price target, which marks nearly 57% upside from Friday's close. The average analyst has a target price of $44.88 on the stock, reflecting potential upside of 134%, according to FactSet. Legacy automakers try to catch up Ford and General Motors are trying to gain ground within electric vehicle production. Goldman Sachs' Delaney said the firm currently prefers GM to Ford given its "head start" on electric vehicles.

☆ Here are Goldman Sachs's top electric vehicle plays for 2023
▼ + stars: | 2022-12-15 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

As investors become increasingly focused on the shift to electric vehicles, Goldman Sachs has a list of stocks aligning with automotive technology trends. With this in mind, Delaney laid out his top picks for the industry, ranging from electric vehicle makers to component suppliers. But softer anticipated supply and demand prompted Delaney to lower the price target to $235 from $305. GM said in November it expects profits from electric vehicles to be around equal to gas vehicles by 2025 , which would put the legacy automaker multiple years ahead of its previously set schedule. Last month, Morgan Stanley downgraded the stock to equal weight from overweight due to impacts from a slower rollout of electric vehicles.

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