Tesla cuts prices in China, Germany and around globe after US cuts
By Hyunjoo Jin, Ethan Wang and Christoph Steitz
Tag: cuts
Tesla expands price cuts to China, Germany after reducing FSD cost; shares down
Tesla (NASDAQ:TSLA) has announced fresh price cuts in several key markets, including China and Germany, days after similar reductions in the United States, as the company continues to struggle amid declining sales and increasing competition in the electric vehicle (EV) market.
Infosys Q4 Earnings: Profit Jumps 30% YoY, Goldman Sachs Cuts TP
Infosys (NS:INFY) announced a robust performance for Q4 FY24, with a net profit of INR 7,975 crore, marking a significant 30% YoY increase. Despite challenges, the company reported a 1.3% YoY growth in revenue, reaching INR 37,923 crore.
Nissan cuts annual operating profit estimate by 14.5% on lower sales
TOKYO (Reuters) -Nissan Motor slashed its annual operating profit estimate by 14.5% on Friday, citing lower-than-expected vehicle sales and other factors.
Ulta stock slips as Jefferies cuts on increased competition
Jefferies analysts lowered their rating on Ulta Beauty (NASDAQ:ULTA) from Buy to Hold, citing “a more cautious view” of mid-single-digit comparable sales growth due to intensifying competition, maturing brand mix, “and a normalizing category.”
Look for tactical plays now as there is no great value in any of the sectors: Anand Tandon
Anand Tandon advises focusing on tactical plays in private sector banks amidst market sector value concerns. He highlights the power sector\’s growth potential but suggests waiting for better entry points for investment in various sectors.
Morgan Stanley plans Asia job cuts, China most affected- Bloomberg
Investing.com– Morgan Stanley (NYSE:MS) plans to start cutting about 50 investment banking jobs in Asia, excluding Japan, this week, with a bulk of the cuts aimed at Hong Kong and China, Bloomberg reported on Wednesday.
Morgan Stanley cuts dozens of investment banking jobs in Asia-Pacific, sources say
HONG KONG (Reuters) – Morgan Stanley is cutting at least 50 investment banking jobs in the Asia-Pacific region due to a deals slump, two sources with knowledge of the matter said.
Tesla's global job cuts include leading markets US, China
SHANGHAI/BERLIN (Reuters) -Tesla\’s global job cuts include reducing staff in the U.S. and China, the automakers\’ two biggest markets, across sales, tech, and engineering, five sources briefed on the matter said.
Analyst cuts ServiceNow to Neutral as valuation, fundamentals 'cap near-term upside'
Guggenheim analysts downgraded ServiceNow (NYSE:NOW) from Buy to Neutral and removed their previous price target of $838.
Tesla cuts Full Self-Driving subscription prices in US, Canada
(Reuters) -Elon Musk\’s Tesla (NASDAQ:TSLA) said on Friday it has cut prices of its Full Self-Driving (FSD) subscriptions in the United States and Canada, as it seeks to drive adoption amid softening demand and price competition.