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Chancellor: Regulators will kill the SPAC frenzy

5 years 5 months ago
LONDON (Reuters Breakingviews) - Three centuries have passed since the launch of “a company for carrying on an undertaking of great advantage, but nobody to know what it is.” It’s easy to think that only fools would invest in a
Reuters

Why Fisker Stock Jumped Today

5 years 5 months ago
What happenedShares of electric vehicle (EV) start-up Fisker (NYSE: FSR) got a boost today after an analyst initiated coverage with a buy rating, adding several bullish comments on the company and the stock. After popping 18% early on Tuesday, shares remained up about 9% as of 10
The Motley Fool

Tesla Will Be Probed For Vehicle Crash Data By Texas Police – Report

5 years 5 months ago

Tesla will be served with search warrants by the Texas police to secure vehicle data concerning the fatal crash that killed two people on Saturday night after a Tesla Model S crashed into a tree, Reuters said on Tuesday. There was nobody at the wheel at the time of the crash.

Reuters' report also said that Tesla’s (TSLA) CEO, Elon Musk took to Twitter on Monday and said that the company’s internal investigation indicated that the car’s Autopilot driver assistance system was not enabled.

The report quoted Musk’s tweet, “Data logs recovered so far show Autopilot was not enabled & this car did not purchase FSD [Full Self-Driving].” Musk also added that "standard Autopilot would require lane lines to turn on, which this street did not have".

According to the report, the Tesla car crash on Saturday night would be the 28th Tesla accident that would be investigated by the National Highway Traffic Safety Administration (NHTSA). Reuters also said that the car crash is also being investigated by the National Transportation Safety Board (NTSB).

Mark Herman, Texas’ Harris County Constable, Precinct 4, was quoted by Reuters as saying, “We have witness statements from people that said they left to test drive the vehicle without a driver and to show the friend how it can drive itself.” (See Tesla stock analysis on TipRanks)

On April 13, Credit Suisse analyst Dan Levy reiterated a Hold and a price target of $800 on the stock. Levy said that he expects TSLA to beat analysts' estimates with a strong 1Q performance, higher delivery guidance and anticipates the company to ramp up its production capacity on a global basis.

Meanwhile, TSLA scores a Hold consensus rating from the analyst community. That’s based on 11 analysts recommending a Buy, 8 analysts suggesting a Hold, and 7 analysts proposing a Sell. The average analyst price target of $701.17 implies 4.4% downside potential to current levels.

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TipRanks

Stock Market Today: Stocks Slip in Sloppy Start to the Week

5 years 5 months ago
The major indexes took a step back Monday from their recent gains despite very little in the way of negative news and several encouraging earnings reports.Coca-Cola (KO, +0.6%) topped Q1 profit and revenue estimates, reporting that global case volumes have returned to 2019's pre-
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