This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe
ADP's chief economist, Nela Richardson. "Had it not been for a rebound in hiring in leisure and hospitality, June would have been a downbeat month." The ADP report precedes the Labor Department's broader nonfarm payrolls data due Friday, which is projected to show 200,000 jobs were added.and push for leadership changes. The plan, triggered if any investor acquires 12.
"Tesla's AI story could be worth $1 trillion+ and is the most undervalued AI name in our view," wrote Wedbush analyst Dan Ives,Not all analysts agree. Tom Narayan, an analyst at RBC Capital Markets, lowered his price target on Elon Musk's Tesla to $227, 9% below Wednesday's closing price of $247.56, valuing the EV maker at $785 billion.
Despite uncertainty in short-term growth, Narayan sees promise in Tesla: "I do like it," he said. Narayan considers the release of Full Self-Driving version 12 a "breakthrough," noting Musk's shift in company strategy towards autonomy. He believes Tesla has an advantage with the largest fleet and extensive autopilot miles, despite competition from
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.
Source: NBCLA - 🏆 319. / 59 Read more »
Source: CNBC - 🏆 12. / 72 Read more »