Tesla stock is inflated and could lose more than half of its value, according to Citi analyst Itay Michaeli. In a note to clients, Michaeli reiterated a sell rating on Tesla’s stock on with a $424 price target. Tesla stock traded around at $923 per share on Wednesday. The basis for Michaeli’s bold call involves… Continue reading Analyst: Tesla stock is far overvalued and could plunge more than 50%
Tag: Morgan
Legacy auto BEV growth rate doubles Tesla which drops to 60.9% of total EV market
Despite dwindling inventories of BEVs due to supply chain constraints and legacy automakers still playing catchup in BEV production, the demand for electric vehicles continues to rise… and Tesla isn’t the only pony in the race anymore. That being said, Tesla remains the “Nap” in EV sales, but the rest of the market is starting… Continue reading Legacy auto BEV growth rate doubles Tesla which drops to 60.9% of total EV market
KAR Global Announces Participation in Upcoming Investor Conference
CARMEL, Ind., Aug. 3, 2022 /PRNewswire/ — KAR Auction Services, Inc., d/b/a KAR Global (NYSE: KAR), a leading operator of digital marketplaces for wholesale used vehicles, today announced its participation in the following investor conference: J.P. Morgan 2022 Auto Conference KAR’s Chief Financial Officer Eric Loughmiller and Treasurer and Vice President Investor Relations Mike Eliason will… Continue reading KAR Global Announces Participation in Upcoming Investor Conference
FiiZ Drinks Joins Source1 To Extend Their GPO and Contract Management Services
LAKE WORTH, Fla., Aug. 3, 2022 /PRNewswire/ — FiiZ Drinks, a Utah based drink concept, has joined Source1, a data and technology company for hospitality procurement, to gain powerful procurement savings and technology for their growing franchise. By Joining Source1, FiiZ Drinks will be able to leverage industry leading data and technology to gain visibility… Continue reading FiiZ Drinks Joins Source1 To Extend Their GPO and Contract Management Services
TrueCar Releases Second Quarter 2022 Financial Results and Stockholder Letter
Live call and webcast will occur on August 3 at 9:00 a.m. ET SANTA MONICA, Calif., Aug. 2, 2022 /PRNewswire/ — TrueCar, Inc., (NASDAQ: TRUE) today announced financial results for the second quarter ended June 30, 2022 in a stockholder letter, which is available HERE and on the TrueCar investor relations website at ir.truecar.com. The… Continue reading TrueCar Releases Second Quarter 2022 Financial Results and Stockholder Letter
Aptiv to Present at the J.P. Morgan Auto Conference
DUBLIN, Aug. 2, 2022 /PRNewswire/ — Aptiv PLC (NYSE: APTV), a global technology company focused on making mobility safer, greener, and more connected, will present at the J.P. Morgan 2022 Auto Conference, August 9 at 3:05 p.m. Eastern Time. A simultaneous webcast will be available on the Aptiv Investor Relations website at ir.aptiv.com. About Aptiv… Continue reading Aptiv to Present at the J.P. Morgan Auto Conference
08:00 ETAdient will participate at the JP Morgan Auto ConferenceAdient (NYSE: ADNT), a global leader in automotive seating, will present at the 2022 J…
PLYMOUTH, Mich., Aug. 2, 2022 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, will present at the 2022 JP Morgan Auto Conference on Wednesday Aug. 10, 2022. Adient’s president and chief executive officer, Doug Del Grosso, executive vice president and chief financial officer, Jeff Stafeil, and executive vice president Americas, Jerome Dorlack,… Continue reading 08:00 ETAdient will participate at the JP Morgan Auto ConferenceAdient (NYSE: ADNT), a global leader in automotive seating, will present at the 2022 J…
Adient will participate at the JP Morgan Auto Conference
PLYMOUTH, Mich., Aug. 2, 2022 /PRNewswire/ — Adient (NYSE: ADNT), a global leader in automotive seating, will present at the 2022 JP Morgan Auto Conference on Wednesday Aug. 10, 2022. Adient’s president and chief executive officer, Doug Del Grosso, executive vice president and chief financial officer, Jeff Stafeil, and executive vice president Americas, Jerome Dorlack,… Continue reading Adient will participate at the JP Morgan Auto Conference
Bullion Exchange set to aid India’s forex
IIBX has three vaults at GIFT City where 446 tonnes of gold and 2,580 tonnes of silver can be stored. India is set to save billions of dollars in foreign currency over the years as the world’s biggest buyer of gold routes sizable annual imports through a dedicated bullion exchange Prime Minister Narendra Modi believes… Continue reading Bullion Exchange set to aid India’s forex
Stoneridge to Present at the J.P. Morgan Auto Conference
NOVI, Mich., Aug. 1, 2022 /PRNewswire/ — Stoneridge, Inc. (NYSE: SRI) today announced that Jon DeGaynor, president and chief executive officer, and Matt Horvath, chief financial officer, will present at the J.P. Morgan Auto Conference in New York City on Tuesday, August 9, 2022. The presentation will begin at 11:50 a.m. ET. Details on how… Continue reading Stoneridge to Present at the J.P. Morgan Auto Conference