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Tesla Shares Downgraded On 'Macro Challenges': How The Collapse Of SVB Financial Could Impact EV Leader
Monday, March 13, 2023 - 3:44pm | 407An analyst is downgrading shares of electric vehicle leader Tesla Inc (NASDAQ: TSLA), and the fallout from the collapse of several banks is one reason why. The Tesla Analyst: Wolfe Research analyst Rod Lache downgraded shares of Tesla from Outperform to Peer Perform and maintained a $185...
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Tesla's Cash Burn Could Double With Expected Model 3 Delays, Says Deutsche Bank
Thursday, March 29, 2018 - 10:41am | 399Tesla Inc (NASDAQ: TSLA) slipped 28 percent over the last month as investors weighed poor progress on the Model 3 ramp, deceleration in Model S and X deliveries, a Moody’s downgrade, fatal Uber and Model X crashes and the loss of its chief accounting officer. Deutsche Bank added cash burn to...
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Rod Lache Lays Out The Tactical Reason To Stop Buying CarMax Shares
Friday, November 17, 2017 - 2:30pm | 296CarMax, Inc (NYSE: KMX) is struggling in November as it dropped around 7 percent during the month. The Analyst Deutsche Bank's Rod Lache downgraded the stock from Buy to Hold and he also decreased its price target from $84 to $76. The Thesis Deutsche Bank upgraded CarMax Oct. 23, 2016 based...
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Is GM Finally Getting The Props It Deserves?
Monday, October 2, 2017 - 3:17pm | 421It’s like that movie scene when the alpha rolls up in his polished Corvette, revs his engine with a wink and the ladies swoon. Except in this scenario, ruggedly handsome General Motors Company (NYSE: GM) is winning the Street without even touching the gas. Ahead of a Monday announcement...
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Has GM Quietly Taken The Lead In Autonomous Vehicles?
Monday, September 25, 2017 - 10:34am | 478Traditional automakers have been dismissed as stragglers on the trail toward autonomy. General Motors Company (NYSE: GM), skeptics said, could crumble under the “innovator’s dilemma” and cede to the likes of Tesla Inc (NASDAQ: TSLA). But things are starting to look up for the time...
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Why One Analyst Says Fiat Chrysler Is Still One Of The Most 'Enticing' Stocks In Its Universe
Tuesday, September 5, 2017 - 2:49pm | 461Shares of Fiat Chrysler Automobiles NV (NYSE: FCAU) are higher by more than 70 percent since the start of 2017, but analysts at Deutsche Bank aren't ready to call for an end to the stock's run. The firm's Rod Lache maintains a Hold rating on the Italian-listed stock but noted the risk to reward...
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Deutsche Bank Has Its First Meeting With New Ford CEO: 'It Does Feel Different'
Friday, June 30, 2017 - 12:11pm | 514Recently appointed CEO of Ford Motor Company (NYSE: F) Jim Hackett hosted a meeting with analysts this week, which appears to have eased sell-side concerns following Mark Fields’ ousting. “Overall it did feel different,” said Deutsche Bank analyst Rod Lache in a note. Hackett was...
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Used Auto Pricing Continues To Send Cautionary Signals For US Autos
Tuesday, June 13, 2017 - 12:14pm | 463All evidence continues to point to a deterioration of the U.S. auto market, but the ultimate question on investors’ minds is how severe the fallout will be for the auto industry. The latest statistics from the National Automobile Dealers Association indicate used auto prices fell 10.3 percent...
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Analysts Cautiously Optimistic On Ford CEO Shakeup
Tuesday, May 23, 2017 - 3:49pm | 534Deutsche Bank Securities analysts said they are cautiously optimistic about the implication of the management changes, including the CEO shakeup, the company announced earlier this week. Ford Motor Company (NYSE: F) announced the ouster of CEO Mark Fields, replacing him with Jim Hackett, who...
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Tesla Now Expected To Turn Cash Flow Positive By Next Year
Monday, March 20, 2017 - 1:44pm | 512Deutsche Bank said in a note on Monday that Tesla Inc (NASDAQ: TSLA)'s targeted Model S production of 90,000–100,000 units per quarter or 7500 per week and the 25 percent gross margin guidance for 2018 corresponds to the company reaching break-even free cash flow. Even with its blended...
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Ford Q4 Earnings: What Will Investors' Key Focus Be?
Wednesday, January 25, 2017 - 12:53pm | 358Ford Motor Company (NYSE: F) reports its fourth-quarter earnings on Thursday, and Deutsche Bank believes the key focus of investors would be on the developments in the automaker’s core U.S. market amid potential policies of the new Trump administration. Trump's America And Ford The brokerage...
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Expectations For December Auto Sales: The Big 6
Thursday, December 22, 2016 - 11:22am | 402Previewing the December auto sales results, Deutsche Bank said in a note on Wednesday that U.S. auto sales are tracking at a seasonally adjusted annual rate of 17.6 million units in December, up 2.4 percent year-over-year in absolute units, adjusted for one fewer selling day. Analysts Rod Lache...
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There Were 'Significant Bright Spots' Amid CarMax's Mixed Results
Thursday, September 22, 2016 - 8:53am | 309CarMax, Inc (NYSE: KMX) reported disappointing FQ2 results. There are a few “highly significant developments” that are “bright spots” in the company’s below-expectations results, Deutsche Bank’s Rod Lache said in a report. He maintained a Hold rating on the...
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Analysts Ponder Ford Motor's Future Following Investor Day
Friday, September 16, 2016 - 10:43am | 492Wall Street is mixed on Ford Motor Company (NYSE: F) after its Investor Day suggested the automaker is investing in the future at the expense of near-term profitability. But, analysts appear more concerned on near-term performance not future endeavors, further indicating that the stock should be...
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Deutsche On Ford Motor: Long-Term Strategies Intriguing, But Headwinds Are Mounting
Thursday, September 15, 2016 - 10:17am | 257While the longer-term strategies and opportunities highlighted during Ford Motor Company’s (NYSE: F) Investor Day were intriguing, guidance indicated mounting profitability headwinds in the intermediate term, Deutsche Bank’s Rod Lache said in a report. He maintained a Hold rating on...