Tesla reports earnings after the Closing Bell Wednesday. Wall Street expects about $3.28 Billion in quarterly revenue, and earnings per share loss of $3.12. The report comes on the heels of a major milestone for Elon Musk's other company SpaceX. CFRA Research's Efraim Levy shares what he is watching for in this report.
"The number one thing we are looking at is an update for the production of the Model 3," says Levy. "That's what all the profits are riding on at this point."
Unless results are dramatic, Levy expects the bulls and bears to dig into this stock wherever they are.
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
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Trump wants interest rates to plummet to make borrowing cheaper and boost growth. Fed chair Jerome Powell and his allies say not so fast, they need to bala
