⚠️BREAKING: *DOW TUMBLES 200 POINTS AS EARNINGS FEARS MOUNT; TESLA $TSLA PLUNGES 11% $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
The concerns over margins intensified after the chief executive Elon Musk touted more cost cuts to boost sales, forcing some cautious commentary from Tesla bull Wedbush.
“[W]e remain very bullish on the Tesla story, however, this margin compression and price cut narrative must be carefully managed over the coming quarters as it now emerges as a clear overhang on the stock,” Wedbush said in a note after cutting its price target on the stock to $215 from $225. Tesla’s willingness to sacrifice margins for long-term demand gain stoked fears of a price war in the industry, pushing other automakers including General Motors Company (NYSE:
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Dow futures dip, Tesla sheds 5.9% after earnings By Investing.com⚠️BREAKING: *U.S. STOCK INDEX FUTURES POINT TO LOWER OPEN AS TESLA SHARES SINK AFTER EARNINGS MISS $DIA $SPY $QQQ $IWM $VIX 🇺🇸🇺🇸
Baca lebih lajut »
S&P 500 ekes out gain as tech supports, J&J, Goldman disappointThe S&P 500 eked out a slim gain on Tuesday after strength in some big technology stocks countered disappointing quarterly reports from Johnson & Johnson and Goldman Sachs as first-quarter earnings season kicked into gear.
Baca lebih lajut »
S&P 500 ekes out gain, stocks drift as earnings pick upU.S. stocks drifted, closing mostly lower on Tuesday, as investors waited for earnings season to gather more steam. The Dow Jones Industrial Average ended down 10 points, or less than 0.1%, near 33,976:
Baca lebih lajut »
S&P 500 Futures retreat amid geopolitical fears, sluggish yields, Fedspeak, China eyedMarket sentiment remains dicey while tracing Wall Street’s mixed close amid geopolitical fears emanating from China and Russia. Adding strength to the
Baca lebih lajut »
Star Entertainment announces 500 job cuts, trims earnings view as conditions worsenAustralia's Star Entertainment Group Ltd on Wednesday announced 500 job cuts and trimmed its annual earnings forecast, sending its shares 11% lower, as regulatory restrictions and weak consumer behaviour dent the casino operator's earnings.
Baca lebih lajut »