Tesla Faces ‘Hurricane-Like’ Headwinds, Analyst Ives Says

Tesla Faces ‘Hurricane-Like’ Headwinds, Analyst Ives Says

(Reuters) – Oracle Corp said it would buy Micros Systems in a $5.3 billion (3.11 billion pounds) deal as the world’s No.2 business software maker looks to boost flagging growth. M&A," FBR Capital.

Inc. (NYSE: NUS) has been embroiled in a recent controversy surrounding a customer death who reportedly relied solely on the company’s health products to treat fever. The Analyst Stifel analyst Mark.

Daniel Ives, analyst, Wedbush The stock wavered between gains and losses in the extended session wednesday, but took a dive Thursday of more than 4%. JPMorgan analysts led by Ryan Brinkman said they expected a negative reaction, noting Tesla also missed margin and free cash flow estimates, while offering guidance that calls for another loss in the second quarter, against consensus expectations for.

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Maestri attributed the lackluster revenue to foreign exchange headwinds, which he said knocked about $5 billion off the company’s revenue. However, Tim Cook put a brave face on the results. Capital.

Tesla Chief Executive Elon Musk on Friday announced he’s cutting 7% of the company’s workforce, which amounts to an estimated 3,100-plus jobs. He also lowered profit expectations for the fourth.

 · But New York University law professor Eleanor Fox says initial details about the currency don’t signal any traditional antitrust problems. Facebook is already under federal investigation over its privacy practices, and along with other technology giants also faces a new antitrust probe in Congress.

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The analyst attributed the “solid” results to robust iPhone sales and sustained growth in services. In fact, Apple sales would have surged 8 percent year-over-year in constant currency, but currency.

He also lowered profit expectations for the fourth quarter, and Tesla stock fell. X. In an email to employees, Musk said Tesla faces an “extremely difficult challenge” in making its cars, batteries and solar products cost competitive with fossil fuels. He said profit in the fourth quarter is likely to come in lower than the previous quarter.

Wedbush Securities analyst Daniel Ives called the quarter a “train wreck” and characterized. its sales execution and a complex technology landscape; (ii) the foregoing headwinds resulted in.

Apple’s guidance for the march quarter implies iphone sales of 45 to 50 million units in the March quarter, which would mark the company’s first-ever decline in sales of the gadget, said analyst.

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