If the coronavirus is a wound which Tesla (TSLA) has so far managed to cover up, then, according to Wedbush analyst Daniel Ives, “the band-aid just got ripped off.”Confirming the Street’s concerns, the release of April and May registration figures for Model 3s in California – Tesla’s “core sweet spot,” – indicated a year-over-year drop of 37%.“Domestically speaking California remains a linchpin to Model 3 success for Tesla and now all eyes shift to the trajectory in the month of June and especially into the core summer months heading into Fall in hopes of a rebound as Fremont enters 2H,” the 5-star analyst said.However, California is not the only state reporting weak numbers. In 24 other states, registrations dropped by 33% in the same period.The Street was already bracing for a COVID shaped decline when it recently brought down expectations for Tesla deliveries this year, reducing the figure to 400,000 units instead...
David Ethridge, US IPO Services Leader at PwC, joined Yahoo Finance's The Final Round to discuss the 2020 IPO market and his outlook for IPO's through the end of the year. ...
Brent Schutte, Northwestern Mutual Wealth Management's Chief Investment Strategist, joined Yahoo Finance's The Final Round to discuss his outlook for the market and his thoughts on reopening the economy. ...
Arcimoto's Deliverator, an ultra-efficient, three-wheel electric vehicle designed for local and last-mile delivery, will be available to rent on the HyreCar platform this summer in Los Angeles. ...
(Bloomberg) -- Spot gold settled at the highest since 2012, supported by concerns over a second wave of coronavirus infections and ongoing expectations of a flood of stimulus measures.There are increasing signs that the virus is continuing to spread as governments work to reopen their economies. The metal also was boosted by stimulus measures, including the Bank of England adding to its bond buying program last week and the Federal Reserve signaling rates will remain low. Increased amounts of monetary stimulus tend to support zero-yield gold as a hedge against declining interest rates.“While gold is undoubtedly boosted by haven flows due to the economic damage caused by the pandemic as well as concerns over a second wave, there is little doubt that the metal is also finding good support from central bank money flooding the financial markets,” Fawad Razaqzada, market analyst at ThinkMarkets in London, said in an emailed note.Gold for...
(Bloomberg) -- Microsoft Corp.’s Xbox unit will shut down its Mixer video-game streaming service after failing to attract a large global user base and will recommend players and audiences shift to Facebook Inc.’s streaming site. The software maker also plans to partner with Facebook on Microsoft's xCloud mobile game service, which will be widely available by the end of the summer.Starting July 22, users who visit Mixer will be redirected to Facebook Gaming. The surprise move comes less than a year after Microsoft lured popular streamer Ninja — whose real name is Tyler Blevins — from Amazon.com’s Inc.’s Twitch, the leading game-streaming service. The deal was touted as setting off a battle for top gaming talent in the $152 billion video-game industry. Mixer’s stars, including Ninja and Michael “Shroud” Grzesiek, are under no obligation to join Facebook Gaming. It was these top streamers who contributed to Microsoft’s realization that Mixer wasn’t working — some of them told the company they weren't...
