LATESTThe German government has discontinued the BEV government-funded incentives a year earlier than scheduled. Were Tesla to compensate for this change, we estimate a potential operating income loss.
EARNINGS/SALES RELEASESThe Q3 23 results were broadly in line as revenue topped our estimates by 5% and Operating Income by 1%. The Q3 23 EBIT margin continued to decrease yoy and sequentially as the.
INITIATION COV.We initiate coverage of Porsche AG with a Reduce rating. After the initial craze following its IPO, we see the current value as reflecting the dichotomy between Porsche AG’s luxury.
Important note: The following English translation is based on a machine translation. It has been prepared for information purposes only. We do not assume any liability, either. | April 19, 2023