One of the biggest potential catalysts for Tesla Inc (NASDAQ: TSLA) in the next couple of years is the Cybertruck, and one analyst said on Monday he's cautiously optimistic Tesla's first truck will be a big hit.The Tesla Analyst: Wedbush analyst Daniel Ives reiterated his Neutral rating and $1,000 price target for Tesla.The Tesla Thesis: Ives said the Cybertruck appears to be gaining momentum ahead of a 2021 or 2022 launch."We estimate that pre-order levels are staggering coming out of the gates since announced last year and currently stand north of 650k based on our estimate with momentum building for this latest Musk brainchild," Ives wrote in a note.Given initial demand for the Cybertruck appears significant, Ives said the next big news from the company regarding the Cybertruck could be the location for the Cybertruck factory. Ives said Austin, Texas and Tulsa, Oklahoma appear to be frontrunners at this point.Ives said...
Constellation Research Principal Analyst & Founder R "Ray" Wang joins Yahoo Finance’s Akiko Fujita to discuss why a growing number of companies are halting advertising on Facebook....
Pulmonologist at NYU Langone Medical Center and Independent Women's Forum Visiting Fellow Dr. Qanta Ahmed joins Yahoo Finance’s Zack Guzman to discuss the rise in coronavirus cases as the White House says it’s bracing for a potential second wave this fall....
For investors remaining sidelined after the market’s impressive bounce back, the opportunity may now be too enticing to ignore. According to J.P. Morgan strategist Nikolaos Panigirtzoglou, COVID-19 will drive equity supply growth as companies pivot away from buybacks in an effort to raise capital, with 2019 marking the first time since 2015 that the net supply of shares, or the share issuance adjusted for de-listings and buybacks, increased materially.Alarming for investors, the previous decade-long trend of declining equity supply in part fueled the market’s bull run as buybacks pushed earnings higher. Some analysts also point out that a larger equity supply could weigh on stocks and cause volatility if companies don’t purchase shares when their stocks fall.Panigirtzoglou, however, takes a different stance. He notes that the drop in buybacks hasn’t negatively impacted the market yet. In fact, he argues the low returns for both bonds and cash will ultimately create an...
