Author: Vitaliy Dadalyan

Hedge Funds Are Coming Back To II-VI, Inc. (IIVI)

The latest 13F reporting period has come and gone, and Insider Monkey have plowed through 823 13F filings that hedge funds and well-known value investors are required to file by the SEC. The 13F filings show the funds' and investors' portfolio positions as of June 30th, when the S&P 500 Index was trading around the […]...

2 New Tesla Vehicles To Be Produced At Gigafactory Berlin, Shanghai

At its Battery Day last week, Tesla Inc. (NASDAQ: TSLA) revealed plans to build a smaller, more affordable $25,000 all-electric vehicle. While no details were presented, the company's new 4680 battery is what will allow it to produce a low-cost car.Now, a new tweet from CEO Elon Musk has revealed plans for multiple new vehicles. When responding to a fan, Musk said both Tesla Gigafactory Berlin and Gigafactory Shanghai would be producing new vehicles, unique to each factory. Whether the new $25,000 Tesla is one of these vehicles is unknown.> Both will do original cars> > -- Elon Musk (@elonmusk) September 28, 2020Benzinga's Take: This is a pretty surprising development, considering after the unveiling of the Cybertruck, Musk said Tesla was done with new vehicles for a while. Although these cars won't be out for a few years, that Musk is already talking about them means Tesla probably knows what they...

Space Race: The Top Players In A Market That Could Be Worth $1.4 Trillion By 2030

Bank of America is out with a guide to the commercial space market and the major companies involved.The Space Market: Bank of America's Ronald J. Epstein believes the commercial space market will hit $1.4 trillion by 2030. Epstein cites increased defense spending, growth in satellites, space tourism and resource extraction as ways the industry can grow.The space market was worth $414.8 billion in 2018, with government spending of $85.5 billion making up 21% of the total.Bank of America tracks 23 aerospace and defense companies and listed 14 of them in the report that had some exposure to the space industry.The Pure-Play Companies: "Pure play space companies tend to be private, most aerospace and defense companies under our coverage have some exposure to the space industry," Epstein wrote in a note.Virgin Galactic (NYSE: SPCE) was assigned a Street-high price target of $35 by Epstein on Monday. This came as he sees the...