Tesla beats Q3 revenue estimates but supply-chain problems impacting factories
Tesla Inc on Wednesday beat Wall Street expectations for third-quarter revenue on the back of record deliveries as the electric car maker navigated through a prolonged global shortage of chips and raw materials.Tesla said it aims to increase production in the fourth quarter from the previous quarter, adding that "the magnitude of growth will be determined largely by outside factors.". Tesla, the world's most valuable automaker, has weathered the pandemic and the global supply-chain crisis better
Tesla Is the World’s Most Valuable Car Stock. Even the Haters Think So.
Tesla is the world’s most valuable car stock. Even the bears admit it.Thursday, Barclays analyst Brian Johnson raised his price target for Tesla stock to $300 from $230. He still rates shares the equivalent of Sell, though. And Tesla stock closed Thursday at $818.32—nowhere near $300. Still, his price target was bumped to an important level in one respect.At $300, Johnson is saying that Tesla stock is worth about $300 billion. That’s more than Toyota Motor’s market capitalization of about $28
Here are 10 'high conviction' stocks of companies with strong pricing power and at least 20% upside potential to UBS targets
UBS expects pricing power to be even more important as shipping, raw materials and wage costs surge. Inflation and supply issues are among the buzziest words on Wall Street as the third-quarter earnings reporting season approaches, with investors waiting to see which companies were the best at managing surging cost pressures and shipping disruptions.UBS strategists believe one of the best ways to deal with these headwinds is for a company to raise prices, but not all companies can do so by enoug