American bank Wells Fargo predicts that shares of electric car maker Tesla could lose up to 70 percent of their value within a year because plans for autonomous taxis will not save a company with weak fundamentals.
The bank fears that the cancellation of financial incentives for the purchase of electric cars in the United States may inhibit Tesla’s sales in the domestic market of the United States. In the example, when similar incentives were removed in Germany, sales immediately fell by more than 40 percent, Wells Fargo notes.
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Europe’s largest pension fund sold its entire 571 million euro stake in Tesla – the reason was Elon Musk’s record salary package.
U.S. technology stocks opened lower on Monday but pared losses during the day as the dollar and bond yields rose amid fading hopes for a rate cut, Yahoo Finance reported.
For software developer Merada, ensuring security is equally important when writing new software as well as minimizing the risk of a cyber attack to your company. For the latter, security vulnerabilities are regularly checked in cooperation with Telia.
Source: www.aripaev.ee
