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In its latest results, the retailer forecast dismal first-quarter profits that raised doubts on the efficacy of its turnaround plan. “We still believe investors would like to see changes to the management team,” Telsey Advisory Group analyst Cristina Fernandez said burberry cufflinks. Shares of the retailer have risen nearly 26 percent since March 26 when the activist investors demanded changes in the company. The stock is also heavily shorted, with 35.65 percent of company shares being held by short sellers as of March 29, according to Refinitiv IBES data..
SHANGHAI (Reuters) – Video of a parked Tesla Inc Model S exploding and a Wall Street downgrade of the electric carmaker’s stock pushed shares down 4 percent on Monday, as it prepared to issue results for a troubled first quarter. Brokerage Evercore cut its recommendation on shares of the Silicon Valley company to “sell”, becoming the twelfth brokerage to ask investors to abandon billionaire Elon Musk’s venture and raising bearish sentiment to its highest ever burberry cufflinks. Musk and Tesla have faced a range of challenges over the past year as one of the leaders in electric vehicle technology sought to ramp up production, deliveries and sales of the Model 3 sedan seen as crucial to its long-term profitability..
The company, which is struggling with deliveries of its higher-priced Model S and X luxury cars, said it has sent a team to investigate the video on Chinese social media apparently showing the latest in a string of fires involving its cars burberry cufflinks. The video, time stamped Sunday evening and widely shared on China’s Twitter-like Weibo, shows the parked vehicle emitting smoke and bursting into flames seconds later. A video purportedly of the aftermath showed a line of three cars completely destroyed..
Reuters was not immediately able to verify the origins of the video, which Weibo users said was taken in Shanghai. The cause of the explosion could not be immediately ascertained from the videos. “We immediately sent a team onsite and we’re supporting local authorities to establish the facts. From what we know now, no one was harmed,” Tesla said in a statement. It declined to comment further when contacted by Reuters. There have been at least 14 instances of Tesla cars catching fire since 2013, with the majority occurring after a crash burberry cufflinks.
“The car fire is just another data point of continued difficulties,” Roth Capital analyst Craig Irwin wrote in an email. “Not a lot of good news for Tesla these days.”. Tesla will report its first-quarter results on Wednesday and had flagged in February that it expects to post a loss as it launched a cheaper $35,000 Model 3 sedan burberry cufflinks. “We remain encouraged by Tesla’s vision and future growth prospects, but there is increased uncertainty around near-term demand versus previous bullish forecasts and growth cannot stall for a growth company,” Evercore analysts wrote in their note downgrading the shares..