“Focus on luxury” strategy blocked Mercedes-Benz Q1 profit plummeted 34%
The Zhitong Finance App learned that due to model changes and low demand for electric vehicles, Mercedes-Benz Group's profit plummeted 34% in the first quarter. According to data released on Tuesday, Mercedes' adjusted profit before interest and tax fell to 3.6 billion euros (3.9 billion US dollars). The company said that due to the high cost of model upgrades, its auto manufacturing profit margin was 9%, which is lower than the annual target. After the financial report was announced, Mercedes' stock price fell by 3.5%, narrowing the increase over the past year to around 4.9%. The German luxury car maker's strategy of boosting profits by increasing high-end models has met with resistance. Gao
Tesla Researcher Thinks EV Giant's 'Biggest Challenge' In Q2 Comes From One Of Its Cash Cows Due To A Tax Credit Twist
Tesla Inc (NASDAQ:TSLA) researcher Troy Teslike expects Model 3 demand to be the biggest challenge for the EV giant in the second quarter. What Happened: Lowered demand for the Model 3, Teslike said,
These Stocks Are Moving the Most Today: MicroStrategy, Tesla, Chegg, Coursera, Logitech, Sensata, and More -- Barrons.com
By Joe Woelfel Stock futures were falling slightly Tuesday as Wall Street awaited earnings from a number of megacap companies and looked ahead to a decision on interest rates from the Federal Reserve
MicroStrategy, Tesla, Chegg, Coursera, Logitech, Sensata, and More Stock Market Movers
MicroStrategy posts a first-quarter loss of $53.1 million after taking a large Bitcoin impairment charge in the period, and Tesla shares fall after surging 15% on Monday. Amazon.com, Eli Lilly, Coca-Cola, AMD, and McDonald's are scheduled to report earnings Tuesday.
4 Reasons to Buy Costco Stock Like There's No Tomorrow
Well-known stock commentators praise Musk: Tesla will crush all bears!
FSD will bring Tesla a new source of revenue and help restore the upward trend in prices after vicious price cuts in the Chinese market.