Saxo Bank skriver om Tesla, der med en ordre fra Hertz har fået en børsværdi på over 1000 milliarder dollar, og som dermed er det sjette selskab med en værdi på over 1 trillion dollar. Det er lige så meget som de 9 største bilfabrikker tilsammen. Hertz vil købe 100.000 el-biler fra Tesla til en værdi på 4,2 milliarder dollar. Samtidig har Panasonic, der leverer batterier til Tesla udenfor Kina, bebudet nye batterier, der er billigere og bedre end de eksisterende. Facebook har derimod aflagt et kvartalsregnskab, der var dårligere end ventet, selv om der var fremgang, og det skyldes ifølge Mark Zuckerberg en voksende modstand mod Facebook.
Market Quick Take
Tesla market value surges above $1trn on Hertz order – the rental company Hertz announced yesterday a deal to acquire 100,000 EVs from Tesla in a deal worth $4.2bn.
The announcement pushes shares of Hertz and Tesla higher with the latter surpassing the $1trn market value for the first time helping extend the S&P 500 to new all-time highs.
At the same time Panasonic, Tesla’s battery supplier outside China, announced a new battery designed to meet the future demand of EVs outside Tesla’s standard models which will feature the cheaper and less energy-dense LFP batteries from Chinese CATL. Panasonic revealed a new 4680 cell battery which is the one Musk talked about on the famous “Battery Day” revealing a path to much cheaper batteries and cars in the future.
Facebook outlook worse than expected – Q3 earnings were better than feared although operating margin came in lower than expected and pricing power is easing somewhat across Facebook’s platforms. The company is also reducing CAPEX spending for this fiscal year in a sign that the short-term outlook has worsened. Q4 revenue guidance is $31.5-34bn vs est. $34.8bn.
On the conference call the CEO Mark Zuckerberg said that he sees a coordinated effort against Facebook and that the company is getting stiff competition from Snapchat while not mentioning TikTok.
