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Bernstein: Tesla Model 3 Margins, Build Quality 'Are The Key Investor Controversies'
Tuesday, April 17, 2018 - 10:47am | 438Critiques of the Model 3 and Tesla Inc (NASDAQ: TSLA)’s consistent production target misses have been at the front of auto investors' minds. The Rating Bernstein analysts Toni Sacconaghi Jr. and Max Warburton maintained a Market-Perform rating on Tesla with a $265 price target....
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Analyst: Tesla's Self-Driving Technology Is 'Exaggerated'
Wednesday, September 20, 2017 - 10:36am | 433Tesla Inc (NASDAQ: TSLA) investors consider the company the leading name in driverless vehicle technology. However, Bernstein analyst Max Warburton believes the driverless technology gap between Tesla and its German counterparts is smaller than most people realize. According to Warburton, Tesla...
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Why Worst-Case Scenario For Volkswagen Might Be A $7.4 Billion Fine, Not $18 Billion
Monday, September 28, 2015 - 2:49pm | 353In the past week, shares of Volkswagen AG (ADR) (OTC: VLKAY) have plunged 37 percent. With the overhang of an emissions scandal plaguing shares, Bernstein's Max Warburton estimated that the financial impact of the "absolute worst case" was $7.4 billion – not $18 billion. Warburton dug into...
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8 Things Everyone Wants To Know About The Volkswagen Scandal
Wednesday, September 23, 2015 - 1:04pm | 579Though it is bouncing Wednesday, Volkswagen AG (ADR) (OTC: VLKAY) is down nearly 30 percent since news of an emissions scandal broke this week. Bernstein's Max Warburton answered the eight most common questions, noting that only the most "brave investors" who desire auto sector exposure should...
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Why The Ferrari IPO Is Freaking Out Bernstein Analysts
Tuesday, August 25, 2015 - 7:56am | 340Fiat Chrysler Automobiles NV (NYSE: FCAU) plans to spin off 10 percent of its stake in Ferrari. Year-to-date, Fiat Chrysler has gained 18.7 percent against 8 percent declines in the S&P 500. Bernstein's Max Warburton issued a stern warning to potential investors that Ferrari was a...
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5 Reasons Apple May Build A Car
Tuesday, April 14, 2015 - 9:04am | 457Bernstein on Tuesday issued a company note on Apple Inc. (NASDAQ: AAPL) as recent reports have speculated that Apple is potentially looking to build a car. The firm rates Apple as Outperform with a $135 price target. Analysts A.M. Sacconaghi, Max Warburton and Eric Garfunkel wrote, "So are we...
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Is An Apple iCar A Serious Thing?
Thursday, April 9, 2015 - 3:28pm | 193Over the past few months, several media outlets and analysts have been suggesting that Apple Inc. (NASDAQ: AAPL) is looking into the auto industry, with the idea of producing a smart vehicle of its own. "This news has struck fear into automakers and has seen investors ask us about our views on the...