Tesla price cuts to weigh on earnings: Goldman Sachs

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Goldman Sachs has lowered its earnings forecast for Tesla (TSLA), arguing that price cuts will hurt the EV maker's profits. It comes as The Wall Street Journal reports that Tesla is in early talks with Saudi Arabia to build a manufacturing facility in the country. Yahoo Finance Live breaks down the top headlines for the EV maker Monday morning.

that Tesla is in early talks with Saudi Arabia to build a manufacturing facility in the country. Yahoo Finance Live breaks down the top headlines for the EV maker Monday morning.Our goal is to create a safe and engaging place for users to connect over interests and passions. In order to improve our community experience, we are temporarily suspending article commentingStella-Jones has delivered outsized gains to investors in the past decade.

The post 1 Undervalued TSX Gem That Can Surge 25% According to Bay Street appeared first on The Motley Fool Canada.MONTREAL — BMO Financial Group plans to close its retail auto finance business in order to reroute resources, as borrowers dig deep to stay on top of recent interest rate hikes. The decision will also trigger an unspecified number of layoffs in Canada and the U.S., the Bank of Montreal said.

 

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