Model 3Tesla Inc (NASDAQ:TSLA)’s $35,000 EV is a game-changer

0
247

It’s finally here: The Model 3, Tesla Motors Inc (NASDAQ:TSLA)’s $35,000 electric gamechanger. A single black Model 3 rolled off the production line Friday with a serial number all its own, kicking off a company-defining six months. The car will belong to Elon Musk, Tesla’s CEO and co-founder, who shared images of it on Twitter over the weekend.
Tesla has already taken in roughly half a billion dollars in Model 3 deposits, at $1,000 apiece, and its proposed ramp-up schedule would have it rivaling well-established U.S. market peers like BMW and Mercedes by year’s end. The only thing standing between Tesla and being the world’s first mass-market electric carmaker is proving it can build, deliver, and service enormous numbers of these vehicles—without sacrificing quality.

On Friday Tesla Motors Inc (NASDAQ:TSLA) share price closed at $313.22. Company net profit margin stands at -8.50% whereas its return on equity (ROE) is -19.40%. Tesla Motors Inc (NASDAQ:TSLA) is -19.06% away from its 52 week high and its 52 week range is ${v52weekrange}.

Yum China Holdings, Inc. (NYSE:YUMC), posted quarterly sales slightly below estimates, dragged down by sluggish growth at Pizza Hut amid a turnaround drive. The firm, which spun off from Yum Brands Inc late last year, said same-store sales rose 3 percent in the second quarter of 2017, driven by a 4 percent jump at fried chicken chain KFC. Pizza Hut’s same-store sales were flat.

Yum, China’s biggest fast food chain with over 7,685 outlets, has been looking to rev up growth in the market which has slowed since 2012, hit by food safety scares, changing consumer tastes and a wider economic slowdown. The Pizza Hut division, which has been off-setting stronger growth at KFC since before Yum China’s listing, fell short of analyst estimates of a 1.5 percent same-store sales rise, according to research firm Consensus Metrix. Joey Wat, Yum China’s president and chief operating officer, told analysts after the results that the pizza unit had been struggling and there were “quite a few key aspects of the fundamentals of the business that we have to fix”.

Yum China Holdings, Inc. (NYSE:YUMC) traded 13.55 Million shares and its share price advanced 6.78% to close at $37.32. Company has 0.10% insider ownership. Yum China Holdings, Inc. (NYSE:YUMC) quarterly performance is 21.33% while its year to date (YTD) performance is 42.88%.

On Friday shares of The Blackstone Group L.P. (NYSE:BX) ended up at $32.99. This year Company’s Earnings per Share (EPS) growth is 50.40% and next year’s EPS growth is 9.01%. Beta of The Blackstone Group L.P. (NYSE:BX) is 1.27 while company weekly performance is -0.84%.

DSW Inc. (NYSE:DSW) advanced 0.98% to close at $17.49 on 07 July. Its return on assets (ROA) is 8.10% while return on investment (ROI) is 12.90%. DSW Inc. (NYSE:DSW) price to sales (P/S) ratio is 0.53.

LEAVE A REPLY

Please enter your comment!
Please enter your name here