Tesla shares extended their recent sell-off on Wednesday after Citi cut its pric...
SAN FRANCISCO - Tesla shares extended their recent sell-off on Wednesday after Citi cut its price target on the struggling electric car maker, leaving buyers of its recent share offer, including Chief Executive Elon Musk, $175 million in the hole.
Citi analyst Itay Michaeli, who has a “sell” rating on Tesla, cut his price target to $191 from $238. He pointed to a an email Musk sent to employees last week, telling them he would increase cost-cutting, and that the $2.7 billion in recently raised capital would give Tesla just 10 months to break even at the rate it burned cash in the first quarter.
“It doesn’t appear to react to brake lights or turn signals, it can’t anticipate what other drivers will do, and as a result, you constantly have to be one step ahead of it,” Jake Fisher, Consumer Reports’ senior director of auto testing, said in a news release.that driverless Tesla “robotaxis” would be available in some U.S. markets next year, a claim met by skepticism by some self-driving experts.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Tesla's New York solar factory making other products in bid to boost jobsTesla Inc on Wednesday said its solar factory in Buffalo, New York, would become...
Weiterlesen »
20 Eyeliners That Are Almost Impossible To Mess UpComplicated tutorials are too scary — why not just use a product that does all the work for you?
Weiterlesen »
How these 7 Korean 20-somethings became a pop music phenomenon bringing in millionsBTS stars, Suga, J-Hope, RM, Jimin, V, Jungkook and Jin, started from humble beginnings as teenagers before finding fame and success as musicians.
Weiterlesen »
2019 Disruptor 50: No. 20 YITU TechnologyYITU Technology is using artificial intelligence to build a safer and more intelligent world. Disruptor50
Weiterlesen »
Daimler plans to cut administration costs by 20%: HandelsblattIncoming Daimler boss Ola Kaellenius is working on a cost cut program to reach p...
Weiterlesen »
Ex-spy sentenced to 20 years in prison for selling secrets to ChinaKevin P. Mallory, 62, of Leesburg, Va., claimed he was trying to expose Chinese espionage methods.
Weiterlesen »
Review | After 20 years, the fishing is still fine at Kaz Sushi BistroAmid fresh competition, the Japanese retreat continues to blaze trails
Weiterlesen »
Goldman Sachs makes biggest acquisition in nearly 20 yearsCNN News, delivered. Select from our newsletters below and enter your email to subscribe.
Weiterlesen »
20 Products That’ll Make Your Old Clothes Look New AgainWhy get a new shirt when your old one still has so much life left in it?
Weiterlesen »
Russia to release first data on losses linked to contaminated oil on May 20: RIAA joint commission of Russian and Belarusian representatives will give the first...
Weiterlesen »