Wedbush lays out what needs to happen for Tesla shares to bottom 05:39 TSLA Tesla shares remained under heavy pressure yesterday as media reports cited an extended production shutdown in China for January could be in the cards, Wedbush analyst Daniel Ives tells investors in a research note. "With China the core linchpin to the Tesla bull thesis, worries are growing around what the softening demand picture looks like for 2023 given the dark macro clouds and increasing domestic EV competition," writes the analyst. Ives believes Tesla will likely miss reduced Street estimates for Q4 "with a softer trajectory" for 2023. He thinks the company's Q4 delivery units are now likely in the 410,000 to 415,000 range, down from his prior 450,000 estimate and below Street "whisper numbers" in the 435,000 range. "The reality is that after a Cinderella story demand environment since 2018 Tesla is facing some serious macro and company specific EV competitive headwinds into 2023 that are starting to emerge both in the US and China," according to Ives. However, the analyst believes Tesla still has potentially $5-$6 of earnings per share power in 2023 and should still approach 40%-plus delivery growth in a "brutal" macro environment. He thinks that if CEO Elon Musk refocuses back on Tesla, stops selling stock, the board initiates a buyback, and 2023 guidance is set conservative on its Q4 call in January, "then this stock has bottomed in our opinion and works from here." Ives maintains an Outperform rating on Tesla with a $175 price target.
Baird cuts Tesla target to $252, keeps as 'Best Idea' in 2023 05:32 TSLA Baird analyst Ben Kallo lowered the firm's price target on Tesla to $252 from $316 and keeps an Outperform rating on the shares. The analyst reduced estimates "to be conservative" following recent comments on Tesla's outlook by CEO Elon Musk and the potential for weakening demand." There have been media reports of a production slowdown at Giga Shanghai during January 2023 and price cuts in North America, Kallo tells investors in a research note. While this may point to weakening demand to begin the year, Tesla "has many demand levers to pull including an increase in vehicle leasing and additional supercharging incentives," writes the analyst. He continues to believe Tesla is best positioned in the auto market as electric vehicles continue to take share of the total market. Additionally, its other opportunities such as Tesla energy will continue to grow in 2023, contends Kallo. As such, he's a buyer of the stock and recommends it as a "Best Idea" in 2023 despite the target cut. Cathie Wood's ARK Investment bought 25.1K shares of Tesla today
Zscaler director buys $543.9K in common stock 19:41 ZS In a regulatory filing, Zscaler disclosed that its director Andrew Brown bought 5K shares of common stock on December 23 in a total transaction size of $543.9K.
DOES SHE THOUGH? AS LONG AS IDIOTS GIVE HER MONEY TO HER FUND SHE CAN USE THOSE FUNDS ON ANYTHING EVEN TSLA.-! ALL OF THIS TROUBLE IN TECH IS DUE TO CATHIE WOOD. HER AMBITIONS AND SCHEMES HAVE LL BACKFIRED.
DON'T KNOW WHO LUCY IS BUT EDDIE BAUER IS A NAME FROM MY CHILDHOOD, DIDN'T THEY DO FANCY FABRIC INTERIORS FOR CERTAIN CARS?
stock of the day Gorilla tech- GRRR Middle East govt agency plans to engage Gorilla Technology in multi-million dollar deal Dec. 27, 2022 5:56 PM ET Gorilla Technology Group Inc. (GRRR) Gorilla Technology (NASDAQ:GRRR) said Tuesday a government agency in the Middle East developing smart citiesplans to engage the firm in a multi-year, multi-million dollar deal for a cybersecurity solution for one or more cities under development. Gorilla (GRRR) expects to execute a contract and begin implementation in H1 2023. The project is "a strong addition to the company's 2023 revenue forecast", Gorilla (GRRR) said in a statement. The deal will be its first customer win in a new market under its globalization strategy targeting Europe, the Middle East and North Africa. Gorilla Technology ramps up video analytics assets with SeeQuestor purchase Nov. 03, 2022 Gorilla Technology Group (NASDAQ:GRRR) said Thursday it would buyUK-based SeeQuestor, a global provider of video analytics technology, in an all-stock deal. $4.360.32(+7.92%)3:59 PM 12/27/22 NASDAQ |$USD |Pre-Market:$4.22-0.14(-3.21%)8:17 AM AI Play out of Taiwan> Description Gorilla Technology Group Inc. provides video intelligence, Internet of Things (IoT) security, and edge content management hardware, software, and services in the Asia Pacific region. The company operates through three segments: Video IoT, Security Convergence, and Other segments. It offers intelligent video analytics AI models for various verticals, such as behavioral analytics, people/face recognition, vehicle analysis, object recognition, and business intelligence that can scan video for patterns and distinguish specific items using AI algorithms and metadata. The company also provides information technology (IT) and operational technology (OT) security convergence AI algorithms for system administrators and security engineers to detect suspicious behaviors in real time; network anomaly detection AI models; and endpoint malware and suspicious behavior detection AI models. In addition, it offers intelligent video analytics (IVA) appliances to analyze and turn unstructured video and picture data into structured data; IVAR appliance that provides insight into business and operations in a statistic dashboard; smart attendance to track employee health and safety, work hours, clock-ins/outs, and absenteeism, as well as to protect company assets and intellectual properties; event and video management system appliances to store event/object attributes in temporal-spatial big data database from Gorilla; and operation technology security appliance to monitor and control physical devices, processes, and infrastructure, as well as to protect industrial systems and networks from various threats. Further, the company provides smart retail SaaS for shopper demographics, visualized shopper behavior, and advanced data analytics, smart city and transportation SaaS for traffic management, public safety, and planning data; and endpoint security SaaS that protects endpoints against security threats. Gorilla Technology Group Inc. was incorporated in 2001 and is based in Taipei, Taiwan.
Yeah, I think Ford had a limited edition Eddie Baurer Bronco back in the day. His name is on a lot of stuff. No idea how he got famous.