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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 cufflinks tiffany.
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 cufflinks tiffany. Of the 31 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 cufflinks tiffany. 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 cufflinks tiffany. 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 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” cufflinks tiffany.