Jefferies said in its upgrade of the stock that it thinks the company's earnings and free cash flow will be supported by "better productivity.
"with $650PT as the only auto OEM 1) legacy-free, 2) engaged in a +ve EV sum-game, 3) ~doubling market coverage with Model Y and 4) leading the industry's technological transformation. US demand at risk near term from low gas prices but EVs mandated elsewhere and storage critical. Post est. cut , we see Tesla growing volume 25+%, with earnings and FCF supported by better productivity, stable ASPs and ZEV income.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Here's how Tesla stock swings 18% higher, trader saysTesla opened strongly higher Monday. The stock was up more than 5% at midmorning after Jefferies upgraded it to buy on the company's leadership in the electric-vehicle market. TradingNation DAaaaa people want off this rock
Source: CNBC - 🏆 12. / 72 Read more »
Tesla engineers show ventilator prototype on YouTubeEngineers at Tesla Inc showed a prototype for a ventilator on Sunday evening in a video published on the company's YouTube channel, as hospitals around the country overwhelmed by coronavirus patients face device shortages. The piece of equipment that cost as much as a car and the same amount to run it for a day. They just show prototype 😂 You need to find out for Dhaman-1. Looks kinda big
Source: Reuters - 🏆 2. / 97 Read more »
Elon Musk's Tesla Employees Making Ventilators Out of Car PartsTesla's ingenuity knows no boundaries with ventilators like these on the market. ❤️ u Elon! Thank you!! Whatever it takes to get through this 🙏🏻 That’ll never work. We won’t get through this.
Source: TMZ - 🏆 379. / 59 Read more »
Here's how Tesla stock swings 18% higher, trader saysTesla opened strongly higher Monday. The stock was up more than 5% at midmorning after Jefferies upgraded it to buy on the company's leadership in the electric-vehicle market. TradingNation DAaaaa people want off this rock
Source: CNBC - 🏆 12. / 72 Read more »