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Tesla’s poor first quarter performance brought out the bears on Thursday, with one Wall Street firm downgrading the company’s stock while blasting CEO Elon Musk’s for being in the “Twilight Zone.”
Their combined wealth – a staggering $348.7 billion as of October 2018 – is more than the combined wealth of 4 million American families of median wealth.
Garrett Nelson, CFRA Senior Equity Research Analyst, says Tesla “is going to continue to struggle on the vehicle shipment side” after reporting weak Q1 earnings, and he says their guidance going forward is looking “unrealistic.”
Tesla is weeks away from offering insurance on its vehicles, CEO Elon Musk told investors and analysts on a conference call.
Tesla reported its first loss on an adjusted basis since the second quarter of 2018.
Billionaire Mario Gabelli, who’s no slouch when it comes to the automotive sector he first started as a sell-side analyst covering the auto and farm equipment industry, brings a unique take to the Tesla discussion.
Tesla is developing an insurance product, which could be launched in about amonth, CEO Elon Musk said during a call with analysts Wednesday following itsfirst-quarter earnings report
Ford is doubling down on its push into electric vehicles. Yahoo Finance's Zack Guzman & Jeanie Ahn, along with Flat World Partners CEO Anna-Marie Wascher discuss.