Tesla Inc.’s (TSLA) China car registrations in May jumped 150% month on month, Reuters reported citing data from auto consultancy LMC Automotive.The U.S. electric vehicle maker’s China registrations, including imported cars, grew to 11,565 in May from 4,633 units in April.Data from the China Passenger Car Association shows sales of Tesla’s Shanghai-made Model 3 sedan hit 11,095 units in May.Still, shares in Tesla continued to fall in Monday’s pre-market trading declining another 3.4% to $903.45 after dropping 3.9% on Friday. Meanwhile, year-to-date the stock has more than doubled.Last week’s start of a downward trend was triggered by two rating downgrades from analysts at Morgan Stanley and Goldman Sachs.Morgan Stanley’s Adam Jonas lowered his rating on the stock to Sell from Hold with a $650 price target (31% downside potential) amid concerns about U.S.-China trade dynamics as well as recent price cuts of some of the car maker’s models.Jonas believes that Tesla’s...
In this article we will check out the progression of hedge fund sentiment towards Vonage Holdings Corp. (NASDAQ:VG) and determine whether it is a good investment right now. We at Insider Monkey like to examine what billionaires and hedge funds think of a company before spending days of research on it. Given their 2 and […]...
Former Nissan Motor Co. Ltd. (OTC: NSANY) executives started plotting to oust Chairman Carlos Ghosn almost a year ahead of his arrest in 2018, Bloomberg reported Friday, based on internal emails and conversations with people close to the matter.What Happened According to Bloomberg, Nissan executives launched a "methodical campaign" targeting Ghosn, after he pledged to make the merger of Nissan with Renault SA (OTC: RNSDF) "irreversible" in February 2018.Former Nissan senior vice president, who acted as a whistle-blower against Ghosn, in mid-2018 told Hitoshi Kawaguchi, a senior manager at the company who managed government relations, that Nissan had to "neutralize [Ghosn's] initiatives before it's too late," Bloomberg reported.Nada told then-CEO Hiroto Saikawa around the same time that there was "no merit" in the merger between Nissan and Renault and that Ghosn "can create a major disruption and you may become a victim of it."Why It Matters Ghosn infamously escaped from Japan...
The liquidity the Fed provided is working. Stock markets have recovered most of their losses, and the NASDAQ tagged fresh all-time highs. Speculative money is flowing back into tech stocks (risk-on)....
