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Why Goldman Is Flat Out Wrong About Tesla

Why Goldman Is Flat Out Wrong About Tesla
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Goldman joins brokers predicting an end, for now, to Tesla rally

Analysts on average now expect the stock to drop 18% in the next 12 months, according to data compiled by Bloomberg. ....

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Goldman Joins Brokers Predicting an End, for Now, to Tesla Rally

(Bloomberg) Goldman Sachs Group Inc. joined list of brokers turning less bullish on Tesla Inc. shares after the electric-vehicle maker’s blistering rally this year. Most Read from BloombergRussia Latest: Zelenskiy Adviser Says Wagner Remains in UkraineSilence Cloaks Kremlin After Russian Mutiny Against PutinPutin Faces Historic Threat to Absolute Grip on Power in RussiaPrigozhin Turns Forces Back in Deal With Kremlin to Drop ChargesGoldman Sachs Is Cutting About 125 Managing Directors Globall ....

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Lordstown Motors Drops After Earnings Stoke Case for Skepticism

May 26 2021, 6:59 AM
May 25 2021, 7:13 PM
May 26 2021, 6:59 AM
(Bloomberg) Lordstown Motors Corp. shares tumbled after the electric-vehicle company cut its full-year production expectations for its Endurance pickup truck and said it will need outside capital.
(Bloomberg) Lordstown Motors Corp. shares tumbled after the electric-vehicle company cut its full-year production expectations for its Endurance pickup truck and said it will need outside capital.
Shares fell 7.4%, trimming some of their earlier losses but leaving the stock down more than 50% this year. The companyâs report prompted analysts at Goldman Sachs and Morgan Stanley to cut their price targets.
Risks have increased in the wake of the companyâs report, according to Goldman Sachs analyst Mark Delaney. He cut Lordstown shares to neutral in April due in part to the additional risks of ramping up production and the increasingly competitive landscape, and both factors are occurring â ....

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Lordstown Motors stock drops after earnings stoke case for skepticism

Lordstown Motors stock drops after earnings stoke case for skepticism
BLOOMBERG
The Lordstown Endurance electric pickup.
Lordstown Motors Corp. (Nasdaq: RIDE) shares tumbled Tuesday, May 25, after the electric-vehicle company cut its full-year production expectations for its Endurance pickup truck and said it will need outside capital.
Shares fell 7.4%, trimming some of their earlier losses but leaving the stock down more than 50% this year. The company s report prompted analysts at Goldman Sachs and Morgan Stanley to cut their price targets.
Risks have increased in the wake of the company s report, according to Goldman Sachs analyst Mark Delaney. He cut Lordstown shares to neutral in April due in part to the additional risks of ramping up production and the increasingly competitive landscape, and both factors are occurring in a more material way than we had expected. ....

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