Kalkine has a fully transformed New Avatar.

Switch to Old version
1800-272-662
Kalkine 0
countryflagAU

Trending tickers: Tesla, Microsoft, Wise, Dr. Martens

Tue 16 Apr 24, 11:10 AM | EODHD 

Tesla's stock wobbled as the company said it would lay off staff. (Jeff Gritchen, Associated Press)

Tesla (TSLA)

Tesla stock dropped 5.6% on Monday and looks set to continue declining when the market opens in the US, following an announcement by the company that it will cut jobs. Job cuts will be partly focused on China in the sales department, according to a report by Reuters, which cited sources.

Overall, the company will look to cut 10% of its global headcount amid stiff competition in the electric vehicle (EV) market, the report said.

Read more: FTSE 100 LIVE: European stocks slump as China growth fails to cheer traders

A price war between Tesla and Chinese rival BYD has meant Tesla's foothold in its second biggest market, China, is slipping. BYD has clinched an edge by producing cheaper vehicles while benefitting from owning many of the crucial elements that make up EV supply chains, such as lithium mines in the region.

ADVERTISEMENT

Last quarter, Tesla also reported its quarterly deliveries fell.

Microsoft (MSFT)

Software giant Microsoft said it will invest $1.5bn (£1.2bn) in UAE-based artificial intelligence (AI) firm G42 — a move which would give it a minority stake and a board seat.

The deal comes as powers in the US continue to block technological advances by foreign actors. Chinese companies have been added to an export blacklist after the company tried to acquire AI chips for its military. The US has also had concerns about China's ties to the Gulf states.

Read more: Emerging-market assets sink to 2024 low amid growth, rate risks

Both Microsoft and G42 said they had made assurances to the US and UAE governments over security measures.

Stock fell almost 2% in trade on Monday but looked set to pick up slightly in trade on Tuesday.

Wise (WISE.L)

Fintech company Wise saw its stock plunge on Tuesday following a full-year earnings report that missed analyst expectations.

Its fourth-quarter revenue came in at £277.2m, bringing its full-year figure to $1.1bn — 1% below consensus estimates.

Its Q4 income of £381.2m also fell short of expectations, according to Jeffries.



Stock was trading around 8% lower by mid-morning in London.

Dr. Martens (DOCS.L)

Dr. Martens' stock was down around 30% on Tuesday after news of turnover in its top ranks. The company's CEO Kenny Wilson will leave this year following the latest profit warning for the shoemaker, with Ije Nwokorie — currently chief brand officer — taking over.

Read more: Dr Martens shares plunge as tough outlook sets challenge for new CEO

The news comes as costs have ramped up at the business, which says it does not plan on increasing its prices. It said on Tuesday that it expects revenue to decline, with a potential fall in profit of almost 70%.

The latest downgrade follows four profit warnings in 2023.

Watch: Is Ford a hybrid winner and Tesla an EV loser?Good Buy or Goodbye, BD8 Capital Partners CEO and CIO Barbara Doran steps inside the driver's seat and outlines her preferred auto stock trades currently, shining some headlights onto why major automaker Ford (F) is a \"good buy\" and EV pioneer Tesla (TSLA) is a stock investors should say \"goodbye\" to.
\n
Doran finds Ford to be performing in line when compared to General Motors' (GM) proportionally larger figures, giving the former more room to grow, especially as it prioritizes new hybrid models while EV charging infrastructure is slowly built out.
\n
\"There's a number of catalysts because this has been an ongoing turnaround story, and they have done so many things,\" Doran tells Yahoo Finance. \"One of them... is just rationalizing their product lineup. They're really looking for which vehicles are the most profitable and for them that tends to be their pickup trucks, their SUVs, they've really scaled down on the cars...\"

                                 



    

        
Xxxxxx Xxxxxx Xxxxxx

        
Xxxxxx Xxxxxx

        
Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
            Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx .

        
Xxxxxx Xxxxxx Xxxxxx Xxxxxx & Xxxxxx

        
    
            
  • Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
                Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
                Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
                Xxxxxx Xxxxxx Xxxxxx 
    • 
            
  • Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
                Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
                Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx .
    • 
        

        
Xxxxxx Xxxxxx

        
Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
            Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx .

        
Xxxxxx

        
Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
            Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
            Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx . 
             

        
Xxxxxx Xxxxxx 

        
Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
            Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
            Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx .

        
Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx 
        

        
Xxxxxx Xxxxxx

        
Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
            Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx .

        
Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
            Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
            Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx .

        
Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx .

        
Xxxxxx, Xxxxxx ‘Xxxxxx’ Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
                th February 2023.

        
Xxxxxx Xxxxxx:

        
Xxxxxx Xxxxxx Xxxxxx Xxxxxx 

        

        
Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx ’s Xxxxxx Xxxxxx Xxxxxx Xxxxxx
            

        
Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
                    Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
                    .

        
Note 1: Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
                Xxxxxx Xxxxxx Xxxxxx .

        
Note 2: Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
                Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
                .

        
Note 3: Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
                Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
                Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx Xxxxxx
                Xxxxxx .

    


    

        
Unlock Premium Articles for Exclusive Insights!

        
        
        
        

            
            
            
            
            

            

                

                    
                    

                

                

                    
                    

                

            

            

                

                    
                    

                

            

            

                

                    

                        
                        
                    

                


            

            

                
                

                    
                

            

            

            

            

            

                
            

            

            

                
                
                    Please wait processing your
                    request...
                
            

        

    






                              
                           
                           
                              Disclaimer:

                              This information, including any data, is sourced from Unicorn Data Services SAS, trading as EOD Historical Data (“EODHD”) on ‘as is’ basis, using their API. The information and data provided on this page, as well as via the API, are not guaranteed to be real-time or accurate. In some cases, the data may include analyst ratings or recommendations sourced through the EODHD API, which are intended solely for general informational purposes.
This information does not consider your personal objectives, financial situation, or needs. Kalkine does not assume any responsibility for any trading losses you might incur as a result of using this information, data, or any analyst rating or recommendation provided. Kalkine will not accept any liability for any loss or damage resulting from reliance on the information, including but not limited to data, quotes, charts, analyst ratings, recommendations, and buy/sell signals sourced via the API.
Please be fully informed about the risks and costs associated with trading in the financial markets, as it is one of the riskiest forms of investment. Kalkine does not provide any warranties regarding the information on this page, including, without limitation, warranties of merchantability or fitness for a particular purpose or use.