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(Bloomberg) -- Elon Musk wasn’t about to let a revenue-less manufacturer of zero-emission semi trucks steal the spotlight from Tesla Inc.The chief executive officer sent an email to employees before the market opened Wednesday declaring that it is “time to go all out” and put Tesla’s Semi into volume production. Musk didn’t give a time frame for when he expects mass output to actually happen. Just six weeks ago, Tesla said it was postponing initial deliveries to 2021, roughly two years later than initially planned.If Musk was looking to regain the attention of any investors whose eyes had wandered toward Nikola Corp., the market got the memo. Tesla’s stock surged past $1,000 for the first time, while shares of newly listed Nikola sold off after days of hype about its plans to bring battery-electric and fuel-cell haulers to market in the coming years.“This is Elon making noise because of Nikola,” said...
Miller Value Partners recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Miller Value Partners Opportunity Equity Fund posted a return of -38.4% for the quarter (net of fees), underperforming its benchmark, the S&P 500 Index which returned -19.6% in the same quarter. You should check out Miller […]...
DoubleLine Capital CEO and billionaire bond investor Jeffrey Gundlach sees a potential “wave of more higher-end unemployment' hitting white-collar workers. Yahoo Finance’s On The Move panel weighs in....
We at Insider Monkey have gone over 821 13F filings that hedge funds and prominent investors are required to file by the SEC The 13F filings show the funds' and investors' portfolio positions as of March 31st, near the height of the coronavirus market crash. In this article, we look at what those funds think […]...
Diamond Hill Capital recently released its Q1 2020 Investor Letter, a copy of which you can download below. The Diamond Hill Small Cap Fund posted a return of -36.17% for the quarter, underperforming its benchmark, the Russell 2000 Index which returned -30.61% in the same quarter. You should check out Diamond Hill Capital's top 5 […]...
Refinance applications are up for the first time in weeks, but many still need to refi....
(Bloomberg) -- The coronavirus has wreaked havoc on commercial aviation, but Alexey Isaykin’s cargo carrier has been fully loaded.Volga-Dnepr Group has flown more than 3,000 breeding pigs to China from France this year. The animals -- transported 6,450 miles (10,400 kilometers) in wooden crates in the hold of a Boeing 747 cargo plane -- are being used to restore local livestock levels to help mitigate shortages in the world’s largest pork market after an outbreak of African swine fever decimated China’s hog herds.Measures to stem the spread of the coronavirus amplified those swine shortages and accelerated attempts to boost the population of domestic herds. China imported a total 254,533 tons of pork in the first four months of the year from the U.S., which overtook Europe to become China’s largest pork supplier. That’s already more than the 245,000 tons China bought for the whole of 2019.The cargo is a sign of...
