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“Tesla serves the purpose of a ‘stalking horse’ to the fast growing domestic Chinese EV industry, but we believe it has limited to zero terminal value in a region where a number of domestic champions should emerge,” Morgan Stanley analysts said. Tesla’s weaker-than-expected fourth quarter profit, and its announcement that Chief Financial Officer Deepak Ahuja would leave and hand over the reins to 34-year-old Zach Kirkhorn, its vice president of finance, surprised investors, sending shares lower on Wednesday.
JPMorgan analysts warned that Ahuja’s departure deprived the company of long automotive industry experience and relative stability in a company which has seen a steady stream of senior staff come and go since 2016, The company is striving to stabilize production and deliver consistent profit, It ended the quarter with $4.3 billion in cash and said it had “sufficient cash on hand” to pay a $920 million convertible bond maturing in March, Of the 31 swank 10k gold cufflinks brokerages covering Tesla, 10 have a “buy” or higher rating, 10 “hold” and 11 have a “sell” or lower rating and their median price target is $327.50..
BERLIN (Reuters) - Germany will pick either the Eurofighter or Boeing’s F/A-18 fighter jet to replace its Tornado warplanes, knocking Lockheed Martin’s F-35 stealth fighter out of a tender worth billions of euros, Defence Ministry sources said on Thursday. The ministry will make a final decision after receiving detailed information from Boeing and Airbus about the aircraft, which must be able to carry U.S. nuclear weapons to fulfill Germany’s obligations to NATO, the sources said.
No timetable for a decision was given, but the process could take time since the U.S, government will have to certify both jets to carry the nuclear weapons, Germany has 85 operational Tornado jets, but not all are equipped to carry nuclear weapons, The German air force will also move ahead with long-awaited plans to swank 10k gold cufflinks replace its 33 oldest Eurofighter jets, now used mainly for air policing or training, with new, more capable Eurofighters in coming years, the sources said, That will translate into orders worth up to 3 billion euros ($3.4 billion) for Airbus, according to sources familiar with the issue..
In marketing the F/A-18, Boeing had underscored its high readiness rates, relatively low cost and strong electronic attack capabilities, arguments that resonated in military circles. The decision marks a big setback for Lockheed, the top U.S. arms maker, which had hoped to add to recent F-35 sales to other European countries, including Belgium. Germany’s air force chief of staff was fired last year after he expressed a clear preference for the F-35. The ministry later said it favored a “European solution”.
Airbus welcomed the news about the Eurofighter replacement purchases, and said it remained convinced that its jet offered the lowest-risk prospect for replacing the Tornado jets, Lockheed said it had not been officially notified of a German decision, It said the F-35 offered the most capability, lowest life-cycle cost of any fighter on the market, and long-term industrial and economic opportunities, Boeing declined to comment, as did the U.S, embassy in Berlin, Germany’s swank 10k gold cufflinks Social Democrats (SPD), junior partners in Chancellor Angela Merkel’s ruling coalition, had argued against rushing into any decision to buy U.S, aircraft and demanded closer study..
Defence Minister Ursula von der Leyen, a conservative, had promised a decision on the procurement plans by the end of 2018, but her ministry became mired in scandals over the use of outside consultants and other issues. Military officials argue that the Tornadoes, which entered service in 1983, need urgent replacement due to rising maintenance costs. Sources familiar with the matter say it could cost around 8 billion euros to keep the planes flying past 2030. Sources familiar with the process last year had said the ministry wanted to split the order between one of the two U.S. planes and the Eurofighter, which is built by Airbus, Britain’s BAE Systems and Italy’s Leonardo SpA. But it now appears Berlin will pick just one winner.
(Reuters) - Wall Street ascended on Thursday, with the S&P 500 wrapping up its biggest monthly increase since 2015 after strong earnings from Facebook Inc added to optimism after the Federal Reserve’s dovish remarks, Facebook jumped 10.82 percent, its strongest daily rise since January 2016, after its quarterly profit topped expectations and showed that advertisers were still flocking to the social network even after a series swank 10k gold cufflinks of high-profile embarrassments, General Electric Co soared 11.65 percent after the industrial conglomerate beat estimates for quarterly sales and cash flow and said it sees industrial revenue rising modestly in 2019..