Tag: TSLA

Tesla (TSLA) Battery Suppliers Feel Shock From Musk’s Cost-Cut Push

A dashboard display shows the charging status of Tesla Model X SUV battery.

Photographer: Jasper Juinen/Bloomberg

Tesla Inc.’s Elon Musk cast a shadow of uncertainty over the sales prospects of his suppliers in Asia after unveiling a push to lower the cost of batteries for electric vehicles and underscoring the point by signaling that it will eventually start producing its own cells.

Shares of LG Chem Ltd. slid as much as 5.5% in Seoul, while Contemporary Amperex Technology Co. dropped 4.7% in Shenzhen and Panasonic Corp. dropped 4.3% in Tokyo. The world’s three top EV battery makers all supply Tesla, according to Bloomberg’s Supply Chain Analysis.

The maker of the Model S, X and 3 electric cars will still need to increase battery purchases from the trio but still sees “significant shortages” from 2022 if it doesn’t start producing itself, Chief Executive Officer Musk said in a

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The Zacks Analyst Blog Highlights: TSLA, MA, UPS, SQ and CL

For Immediate Release

Chicago, IL – September 8, 2020 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include Tesla TSLA, Mastercard MA, United Parcel Service UPS, Square SQ and Colgate-Palmolive CL.

Here are highlights from Friday’s Analyst Blog:

The Earnings Big Picture and Analyst Reports for Tesla, Mastercard and More

We have provided a big-picture update on the evolving earnings backdrop in today’s Zacks Research Daily. And as we always do, we have featured fresh research reports on 16 major stocks, including Tesla, Mastercard and United Parcel Service. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

The Earnings Discussion 

This is a

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