Electric vehicle manufacturer Tesla Inc (NASDAQ: TSLA), which was cruising along at a robust clip until the coronavirus pandemic struck, may have hit the brakes in the first quarter, according to analysts.The Tesla Analysts Credit Suisse analyst Dan Levy maintained an Underperform rating on Tesla with a $415 price target.Wedbush analyst Daniel Ives maintained a Neutral and $425 price target. 'Quarter-End-Wave' May Not Materialize, Says Credit Suisse Credit Suisse was projecting about 94,000 first-quarter deliveries in the period just after Tesla's fourth-quarter print, but the numbers are now likely to come in at 75,000-80,000 units, Credit Suisse's Levy said in a Tuesday note. The analyst said he prefers a range of numbers given the uncertainty that prevailed into the end of the quarter.On a positive note, production numbers could come in at 100,000 units -- but Tesla's reliance on a "quarter-end-wave" places the delivery numbers at risk due to the growing...
___ WHAT DO I HAVE TO DO TO GET THE CHECK? ___ I DON'T USUALLY HAVE TO FILE TAXES. DO I STILL GET A PAYMENT? Yes. ___ I DIDN'T USE DIRECT DEPOSIT ON MY TAXES, WHAT CAN I DO? ___ WHERE DO I DO THIS?...
(Bloomberg) -- Australia’s government will help charter hundreds of planes full of products such as rock lobster, beef and dairy to key markets including China and Japan, after the coronavirus pandemic led to the cancellation of most commercial flights that usually carry fresh produce.The government will provide A$110 million ($68 million) to get Australian products to key markets, starting with the United Arab Emirates, China, Japan, Hong Kong and Singapore, the government said in a statement. The flights will leave from Melbourne, Sydney, Brisbane and Perth.Recent international flight groundings by airlines including Qantas Airways Ltd. and Virgin Australia Holdings Ltd. have made it impossible to get products including chilled seafood, red meat, dairy products and some fruit and vegetables to offshore markets.“Getting our export sector back on its feet is crucial to reduce job losses through the crisis and a critical part of the ultimate economic recovery,” Trade Minister Simon Birmingham...
Although the news about CytoDyn (CYDY) saying it could probably adapt its leronlimab drug to battle COVID-19, is two weeks old, the media finally caught up with the story when news that a small sample of patients with COVID-19 have responded positively to the drug treatment.In this article we'll look at the potential opportunity this offers patients and CytoDyn, and also the many other diseases and conditions leronlimab could be useful for.Leronlimab and COVID-19The primary use and benefit of leronlimab is for patients having respiratory complications from COVID-19. At this time it is believed the treatment strengthens the "immune response mitigating the 'cytokine storm' that leads to morbidity and mortality in these patients."Interim Chief Medical Officer of CytoDyn, Jacob Lalezari, M.D., said this about the treatment: "These preliminary results give hope that leronlimab may help hospitalized patients with COVID-19 recover from the pulmonary inflammation that drives mortality and the need for...
Tech stocks traded lower on Tuesday after Goldman Sachs predicted the U.S. economy would experience its fastest recovery in history following its current downturn.Two tech stocks in particular seemed to have the attention of some extremely large option traders.The Trades On Tuesday, Benzinga Pro subscribers received a series of option alerts related to unusually large trades of NVIDIA Corporation (NASDAQ: NVDA) and Microsoft Corporation (NASDAQ: MSFT) options. Here are a handful of the biggest: * At 11:13 a.m., a trader bought 1,500 Microsoft call options with a $170 strike price expiring on Jan. 15, 2021 at the ask price of $15.65. The trade represented a $2.37 million bullish bet. * At 11:53 a.m., a trader sold 1,000 Microsoft call options with a $162.50 strike price expiring on April 24 near the bid price at $7.30. The trade represented a $730,000 bearish bet. * At 11:08 a.m., a trader bought 1,100 Nvidia...
Ford Motor Company (NYSE: F), Fiat Chrysler Automobiles N.V. (NYSE: FCAU), Toyota Motor Corporation (NYSE: TM) and Honda Motor Co., Ltd. (NYSE: HMC) have all announced that they plan to reopen their plants in early or mid-April. Each company is hoping to start ramping up production as soon as possible in an effort to losses.Last week, the world's biggest carmaker, Volkswagen (OTC: VWAGY) announced that it is burning approximately $2.2 billion each week. This represents approximately 40% of last year's average weekly revenues. That number is huge, especially when compared with average weekly revenues. If such large outflows are happening to the world's biggest car producer, other automakers are facing the same or even worse scenarios. Many large companies are already scrambling for additional credit in order to fortify their cash reserves. Volkswagen even called the European Central Bank to speed up its plan to buy commercial papers directly from companies....
The Volvo Auto Hauler (VAH) 300 is now available for order at a lowered 94.5-inch height, currently the lowest in the industry by 1.5 inches, according to the company. ...
