Connect with us
https://tickernews.co/wp-content/uploads/2023/10/AmEx-Thought-Leaders.jpg

Money

Brokers cut price target on Tesla shares

Published

1 year ago

on

Tesla shares fell nearly six per cent after a string of brokerages cut their price targets on the electric-vehicle maker’s stock, and they’re blaming Elon Musk’s Twitter distraction.

As a result, Tesla’s shares hit a more than two-year low.

Analysts say investors are worried that Musk may need to sell shares further to fund Twitter and sentiment around the acquisition of the social media firm could hurt the EV maker’s brand.

One major brokerage slashed its price target on the company’s shares by a third, saying investors fear damage to the Tesla brand.

The price target cuts come ahead of Tesla’s quarterly deliveries report expected in early January amid weakening demand in China.

Meanwhile, reports today that Musk is actively searching for a new chief executive officer for Twitter, following his poll about whether he should step down as Twitter CEO.

Musk and Twitter are yet to respond.

Related Topics:
Continue Reading

Money

Why the meme-stock frenzy is unlikely to repeat

Published

4 days ago

on

May 14, 2024

By

GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

Continue Reading

Money

Why are airlines after the Biden Administration?

Published

4 days ago

on

May 14, 2024

By

Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

Continue Reading

Money

The mounting pressure on Government spends

Published

5 days ago

on

May 13, 2024

By

Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

Continue Reading

Trending Now