Updated PEA for Falchani Highlights Robust Economics After-tax NPV8% Triples to US$5.11 Billion, IRR 32.0% and Low Opex $5,093/t LCE
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- S&P 500, Nasdaq close lower, dragged by Alphabet and megacap tech; focus on Iran
- Oil settles down more 3% after US-Iran talks signal easing supply risks
- Micron surges 5.5% on blockbuster Anthropic AI deal ahead of earnings
- Alan Greenspan, influential former Federal Reserve chair, dies at 100
- Buy gold stocks as valuations are cheap amid macro tension: BofA
- Exclusive-China robot-hand-building unicorn Linkerbot targets $6 billion valuation
- Spain's ex-transport minister sentenced to 24 years for corruption
- Li Auto Inc. (LI) Breaks Ground on Chips R&D and Production Base
- Qtrex Quantum executives plan to buy up to 2M shares over 12 months
- China, US, UAE police arrest 276 telecom fraud suspects in Dubai
Tesla (TSLA) trades down following price cuts in China
January 12, 2024 7:53 AM ESTShares of Tesla (NASDAQ: TSLA) are down more than 3% in pre-market trading Friday morning after the electric automaker officially reduced the price of their Model 3 and Model Y in China, with cuts ranging from Rmb6.5k to Rmb15.5k.
According to channel checks conducted by Morgan Stanley, the reduction was more moderate than what the... More
Jefferies names their top EV picks in China
January 11, 2024 10:21 AM ESTJefferies expects the sale of Chinese New Energy Vehicles (NEVs) will grow 30% YoY in 2024 as affordability improves and supply continues to be strong, driving NEV penetration up to c.44%.
Jefferies released their Top Picks in the Chinese EV segment, favoring OEMs with product lineups in blue ocean markets, advanced development in smart driving, and initiatives in overseas expansion.
Jefferies likes Changan and SERES from the Huawei partnerships. For OEMs outside Huaweis ecosystem, Jefferies chose BYD, XPeng (NYSE: XPEV), and Li auto (NASDAQ:... More
Bank of America names Li Auto (LI) a 'Top Pick' in 2024
January 10, 2024 8:37 AM ESTBank of America named Li Auto (NASDAQ: LI) as one of their Top Picks for 2024, reiterating a Buy rating and $55.00 price target on the Chinese auto stock.
Looking ahead to 2024, Li Auto has set ambitious targets, aiming to achieve sales volume between 650,000 to 800,000 units, marking a substantial increase of 72% to 113% year-on-year.
The company has also unveiled plans for its flagship family BEV MPV,... More
