Business, Technology

Tesla Analysts Warn on Demand, Profits as Quarter Nears End

The concerns around the demand for Tesla Inc.’s cars are resurfacing as the second quarter nears a close, with Goldman Sachs analyst David Tamberrino saying volume estimates for the second half of the year and beyond appear to be high, considering there are now fewer “levers to pull to stoke demand going forward.”

Esha Dey | Bloomberg News
June 20, 2019
Business, Logistics, Top 100

FedEx May See Lackluster Results Lingering Into Next Year

FedEx Corp.’s pains are far from over. Expectations from its upcoming fiscal fourth-quarter results already have hit rock bottom, and now analysts say its entanglement in the prolonged U.S.-China trade war may dampen the outlook for the next year as well.

Esha Dey | Bloomberg News
June 20, 2019
Business, Technology

Stamps.com Craters Without Postal Service Partnership

Stamps.com plunged 48% in pre-market trading May 9, poised to drop to a five-year low, after the company slashed its profit outlook for the full year, fueling investor concerns about its ability to protect margins in the absence of a key partnership with the U.S. Postal Service.

Esha Dey | Bloomberg News
May 9, 2019
Business, Fuel

Tesla Loses Another Bull as Analyst Dubs Period ‘Top Debacle’

Tesla Inc.’s latest first quarter was “one of top debacles” ever seen in 20 years of covering tech stocks on the Street, Wedbush analyst Daniel Ives said April 25.

Esha Dey | Bloomberg News
April 25, 2019
Business, Technology

Soft Demand Expected for Tesla Model 3 Until Price Drops

Demand for Tesla Inc.’s Model 3 sedan is expected to remain soft in the United States until the release of the lower-priced $35,000 model next quarter, Cowen analyst Jeffrey Osborne said.

Esha Dey | Bloomberg News
March 22, 2019
Business, Technology, Equipment

Spotlight Shines on Pickup Trucks as Electric Vehicle Race Expands

Plug-in pickup trucks look to be the next frontier in the budding electric vehicle industry as startup Rivian Automotive is said to be in talks with General Motors Co. and Amazon.com.

Esha Dey | Bloomberg News
February 13, 2019
Business, Technology, Fuel

Tesla Loses Most Valuable Carmaker Crown as GM Catches Up

If the outlooks from the two auto companies are anything to go by, GM looks set to be winning the race for the year.

Esha Dey | Bloomberg News
January 18, 2019
Business, Technology, Autonomous

Tesla CEO Elon Musk Is Getting Last Laugh on Wall Street

It was only a few months ago that Wall Street was bashing Elon Musk’s Tesla Inc. Times have changed for the automaker and its mercurial CEO.

Esha Dey | Bloomberg News
December 12, 2018
Business

U.S. Xpress Bids to Recruit Millennials With Scholorship Program

The deepening crisis of a truck-driver shortage that already is leading to higher prices for agricultural produce and threatening to stoke inflation is forcing trucking companies to find creative solutions.

Esha Dey | Bloomberg News
September 10, 2018
Business, Technology, Equipment, Autonomous

Tesla’s RoboTaxi Worth a Fraction of Waymo, Morgan Stanley Says

Tesla has let more than a few investors down of late, and one part of the company hasn’t quite lived up to expectations at Morgan Stanley either.

Esha Dey | Bloomberg News
September 4, 2018