REUTERS/Steve Nesius Among investors wishing they had held on to more Tesla stock in 2020: Saudi Arabia. The country’s sovereign wealth fund sold nearly all of its shares in the electric automaker last quarter, Bloomberg reported. But since the sale, share…
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Month: February 2020
Ford’s earnings were even worse than expected, and its stock is plummeting (F)
Ford on Tuesday posted a fourth-quarter loss and provided a weaker-than-expected 2020 forecast due to continued higher warranty costs, lower vehicle volumes, lower results from Ford Credit and higher investment in future transportation. The No. 2 U.S. automa…
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‘Watch out Tesla believers’: Critics are piling on to warn the 300% stock rally will crash and burn
Lucy Nicholson / Reuters Tesla shares have soared 300% in six months, hitting an all-time high of over $900 on Tuesday.Investors, analysts, and politicians are warning investors the rally won’t last.”I have no doubt it will end in t…
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Carlson Capital’s stock-picking fund drops more than 20% in a disastrous January
Spencer Platt/Getty Images Carlson Capital’s stock-picking fund Black Diamond Thematic lost more than 20% in January, an investor document showed. The fund — which had more than $1 billion in assets in 2017 but saw AUM drop at the beginning of last year fo…
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The CFOs of Ford and GM reveal the biggest open secret in the car business right now: There’s an auto market and there’s a Tesla market. (TSLA, RACE, F, GM)
The contrast is beyond vivid: Tesla has enjoyed a near-vertical stock rally that’s made it the second-most-valuable automaker on the globe, thanks to a market capitalization of almost $170 billion. Meanwhile, General Motors and Ford both reported fourth-quar…
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