Speaking of data centers, I live in the Buffalo area and they've been able to attract a few corporations to house their data centers due to naturally cool temperatures (saves on power to cool the buildings), and absurd tax breaks from NYS.
Financial news is better anyway. Its stuff that actually matters.
Yea, i would agree. But I see to many times that politics influences the market in a huge way. Like when orange man said that trade wars were were essay to win. That was a good day for me.
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www.reuters.com
UFC-owner Endeavor aims for over $10 bln valuation in second IPO attempt
Endeavor Group Holdings Inc, owner of the Ultimate Fighting Championship (UFC), is aiming for a valuation of more than $10 billion in its U.S. initial public offering (IPO), in what will be its second shot at going public after a failed attempt in 2019.
I miss those pumps.
I think the height of the ......... trump age for me was when he provoked NK to launch a missile over Japan.
Decent afternoon crawl back. End up +0.5%. I'll take it.
That seems pretty ambitious. I expect that means tons of political lobbying in the future.TESLA EARNINGS
TSLA - Tesla reported quarterly earnings of $0.93 per share which beat the analyst consensus estimate of $0.79 by 17.72 percent. This is a 304.35 percent increase over earnings of $0.23 per share from the same period last year. The company reported quarterly sales of $10.39 billion which beat the analyst consensus estimate of $10.29 billion by 0.96 percent. This is a 73.58 percent increase over sales of $5.99 billion the same period last year.
- Tesla (NASDAQ:TSLA) reports it produced 180,338 vehicles in Q1 (+76% Y/Y) and delivered 184,777 vehicles (+109%).
- The company says it recorded its 7th quarter in a row of being profitable through volume growth and regulatory credit revenue growth. Adjusted EBITDA rose 94% Y/Y. Adjusted EBITDA margin was 17.7% of sales vs. 16.9% anticipated.
- Operating margin was 5.7% of sales. The company says the profit level was reached while incurring SBC expense attributable to the 2018 CEO award of $299M in Q1, driven by an increase in market capitalization and a new operational milestone becoming probable.
- Automotive gross margin came in at 26.5% vs. 24.3% consensus and 25.5% a year ago.
- Tesla says the Model Y ramp in Shanghai is progressing well. "We expect that our Shanghai factory will continue to increase quarterly production output through the year. We recently improved our domestic supply sourcing ratio to over 90%. Vehicle exports to Europe and APAC continue to progress as planned," updates the automaker.
- Gigafactory Shanghai is expected to increase volume this year, while Gigafactory Berlin and Gigafactory Texas both remain on track to start production and deliveries in 2021. Tesla Semi deliveries are also slated to begin in 2021.
- Tesla expects over a multi-year horizon to achieve 50% average annual growth in vehicle deliveries, with some years being higher and some lower.
- Shares of Tesla are down 1.36%% AH to $726.60 vs. the split-adjusted 52-week trading range of $136.61 to $900.40.
- The conference call is scheduled for 5:30 p.m. ET and should feature some more color on the expected trajectory of global deliveries.
- Looking ahead, Tesla is one of the EV stocks seen having an advantage as the infrastructure bill moves forward.
Sure and that gets covered. It’s the nonsense that doesn’t in the financial news.
Yeah it is a cultural thing here in the Bay Area. You buy the car and some shares to go along with it. I have friends with positions in the millions who think it is ignorant to sell. They’ve been proven right over and over, so I cannot argue with them.I did say leave some in and let it roll
But regardless, you might get another chance to buy still, there's a long road ahead and if they are to get there it won't be a straight line to 1k a share.
Honestly the only factors holding this stock up at the moment are hype and the fact that people hero worship Elon. Because the numbers definitely aren't doing it.
The problem with looking at financial fundamentals is that they often ignore the nuances of each industry. For example, I have seen models that predicted Apple skyrocketing in 2020 once all of the pieces aligned for them to have their own silicon. That was the moment I entered in early 2018 if I remember correctly. The most popular models based on fundamentals indicated that Apple was overpriced at that point in time IIRC.
I never really looked at Ally as I already got POW, but I've had ON on my watch list for a while. I never bit as I got other tech stocks. I was thinking about it when it dropped to the high $30s.
