Investing

Tesla has a long way to go before it justifies its current stock price, New York University finance professor Aswath Damodaran told CNBC on Thursday. Damodaran, known as the “dean of valuation” for his company analyses, said the electric-auto maker would need to have revenues comparable to the Volkswagen Group in 10 years, margins similar
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Charles Munger David A. Grogan | CNBC Charlie Munger, vice chairman of Berkshire Hathaway and Warren Buffett’s longtime business partner, issued a dire warning about the future on Wednesday. “I think there are lots of troubles coming,” he said at the Los Angeles-based Daily Journal annual shareholders meeting. “There’s too much wretched excess.” Munger —
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CNBC’s Jim Cramer on Wednesday blasted Bed Bath & Beyond‘s decision to announce disappointing same-store sales figures well ahead of its fourth-quarter earnings release. However, Cramer said investors could use the subsequent stock plunge as a buying opportunity. “I would buy it,” he added. Bed Bath & Beyond shares sank about 25% on Wednesday after
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The Facebook analyst who downgraded the stock Tuesday told CNBC he is concerned about the growth of the social media giant’s advertising business. In particular, Pivotal Research Group analyst Michael Levine said he believes a slowdown in advertising from direct-to-consumer brands could spell bad news for Facebook. Instagram and Facebook are the most popular places
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As the ESG and sustainable investing movement grows, Societe Generale quantified the potentially large consequences for companies that don’t follow suit. The firm found that in two thirds of “high ESG controversy” cases a company’s stock experienced “sustained underperformance,” trailing the global index by an average of 12% over the course of the following 2
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CNBC’s Jim Cramer expressed concerns about the fundamentals of Casper Sleep‘s business ahead of the online mattress startup’s Thursday debut as a publicly traded stock. Shares opened at $14.50, an over 20% increase from its offering price. “The losses here are staggering” for the business, Cramer said on “Squawk on the Street.” Casper, which started
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A SpaceX Falcon 9 rocket lifts off from Cape Canaveral Air Force Station carrying 60 Starlink satellites on November 11, 2019 in Cape Canaveral, Florida. The Starlink constellation will eventually consist of thousands of satellites designed to provide world wide high-speed internet service. Paul Hennessy | NurPhoto | Getty Images SpaceX is considering spinning off
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Tesla CEO Elon Musk presented the first batch of made-in-China cars to ordinary buyers on January 7, 2020 in a milestone for the company’s new Shanghai “giga-factory”, but which comes as sales decelerate in the world’s largest electric-vehicle market. STR The Saudi Arabia Public Investment Fund dumped 39,000 shares of Tesla in the fourth quarter
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Tesla CEO Elon Musk unveils the Cybertruck at the TeslaDesign Studio in Hawthorne, Calif. The cracked window glass occurred during a demonstration on the strength of the glass. Robert Hanashiro | USA TODAY | Reuters Tesla jumped in premarket trading Tuesday, smashing past the $800 level and set to open at a new record high.
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A deadly spreading virus is now worrying some of the world’s biggest companies. The word “virus” or “coronavirus” was mentioned by 27 different S&P Composite 1500 companies on earnings calls this week, according to CNBC’s screening using FactSet. The Wuhan virus has infected more than 6,100 people in China, topping the number of cases from
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CNBC’s Jim Cramer said Friday he’s done with fossil fuel stocks because young investor’s concerns about climate change are holding them down. On “Squawk Box,” Cramer compared oil and other fossil fuel stocks to the sigma attached to investing in tobacco companies, saying they are in the “death knell phase.” He added, ”They’re tobacco. I think
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Elon Musk Jim Watson | AFP | Getty Images Tesla CEO Elon Musk doesn’t have a lot of love for Wall Street – a fact he often mentions, including on Wednesday night’s earnings conference call. To begin with, Musk’s company hosts an nontraditional quarterly call with shareholders: After making a short statement about Tesla’s results,
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