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Menaka

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- MenakaMenaka
  ·09-25
  $DBS Group Holdings(D05.SI)$
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- MenakaMenaka
  ·2023-10-02
  $DBS GROUP HOLDINGS LTD(D05.SI)$
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- MenakaMenaka
  ·2023-09-29
  $DBS GROUP HOLDINGS LTD(D05.SI)$
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- MenakaMenaka
  ·2023-09-25
  $DBS GROUP HOLDINGS LTD(D05.SI)$ Wow it's increasing
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- MenakaMenaka
  ·2023-09-25
  $Sheng Siong(OV8.SI)$ Wat is happening with this shares
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- MenakaMenaka
  ·2023-08-11
  $UNITED OVERSEAS BANK LIMITED(U11.SI)$ Good move
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- MenakaMenaka
  ·2023-07-27
  $DBS GROUP HOLDINGS LTD(D05.SI)$
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- MenakaMenaka
  ·2023-05-11
  Hopefully the price will increase
  UOB’s Acquisition of Citi’s Consumer Banking Businesses in Malaysia, Thailand, Vietnam Brings Customers to Over 7 Mil
  The bank states that it will have close to 8 mil customers by end-2023 after the acquisition of Citi’s Indonesia consumer business
  UOB’s Acquisition of Citi’s Consumer Banking Businesses in Malaysia, Thailand, Vietnam Brings Customers to Over 7 Mil
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- MenakaMenaka
  ·2023-05-11
  Good news
  Sorry, this post has been deleted
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- MenakaMenaka
  ·2023-03-03
  Great
  Tesla Investor Day Falls Flat
  SummaryTesla announces new gigafactory will be located in Mexico.No $25,000 vehicle was shown off at
  Tesla Investor Day Falls Flat
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increasing&nbsp;","text":"$DBS GROUP HOLDINGS LTD(D05.SI)$ Wow it's increasing","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/223604265185288","isVote":1,"tweetType":1,"viewCount":350,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":223635958824976,"gmtCreate":1695604584107,"gmtModify":1695604586610,"author":{"id":"4098337318399680","authorId":"4098337318399680","name":"Menaka","avatar":"https://community-static.tradeup.com/news/0dbf06624c2f214737a438656a0b8756","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098337318399680","idStr":"4098337318399680"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/OV8.SI\">$Sheng Siong(OV8.SI)$&nbsp;</a>Wat is happening with this shares&nbsp;","listText":"<a href=\"https://ttm.financial/S/OV8.SI\">$Sheng Siong(OV8.SI)$&nbsp;</a>Wat is happening with this shares&nbsp;","text":"$Sheng Siong(OV8.SI)$ Wat is happening with this shares","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/223635958824976","isVote":1,"tweetType":1,"viewCount":367,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":207616941011120,"gmtCreate":1691716546062,"gmtModify":1691716548672,"author":{"id":"4098337318399680","authorId":"4098337318399680","name":"Menaka","avatar":"https://community-static.tradeup.com/news/0dbf06624c2f214737a438656a0b8756","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098337318399680","idStr":"4098337318399680"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/U11.SI\">$UNITED OVERSEAS BANK LIMITED(U11.SI)$&nbsp;</a> Good move","listText":"<a href=\"https://ttm.financial/S/U11.SI\">$UNITED OVERSEAS BANK LIMITED(U11.SI)$&nbsp;</a> Good move","text":"$UNITED OVERSEAS BANK LIMITED(U11.SI)$ Good move","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/207616941011120","isVote":1,"tweetType":1,"viewCount":507,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":202304713732288,"gmtCreate":1690424413576,"gmtModify":1690424416371,"author":{"id":"4098337318399680","authorId":"4098337318399680","name":"Menaka","avatar":"https://community-static.tradeup.com/news/0dbf06624c2f214737a438656a0b8756","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098337318399680","idStr":"4098337318399680"},"themes":[],"htmlText":"<a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>","listText":"<a href=\"https://ttm.financial/S/D05.SI\">$DBS GROUP HOLDINGS LTD(D05.SI)$&nbsp;</a><v-v data-views=\"1\"></v-v>","text":"$DBS GROUP HOLDINGS LTD(D05.SI)$","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/202304713732288","isVote":1,"tweetType":1,"viewCount":531,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970991216,"gmtCreate":1683787059236,"gmtModify":1683787065658,"author":{"id":"4098337318399680","authorId":"4098337318399680","name":"Menaka","avatar":"https://community-static.tradeup.com/news/0dbf06624c2f214737a438656a0b8756","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098337318399680","idStr":"4098337318399680"},"themes":[],"htmlText":"Hopefully the price will increase&nbsp;","listText":"Hopefully the price will increase&nbsp;","text":"Hopefully the price will increase","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970991216","repostId":"2334440716","repostType":2,"repost":{"id":"2334440716","pubTimestamp":1683785159,"share":"https://ttm.financial/m/news/2334440716?lang=&edition=fundamental","pubTime":"2023-05-11 14:05","market":"sg","language":"en","title":"UOB’s Acquisition of Citi’s Consumer Banking Businesses in Malaysia, Thailand, Vietnam Brings Customers to Over 7 Mil","url":"https://stock-news.laohu8.com/highlight/detail?id=2334440716","media":"Felicia Tan","summary":"The bank states that it will have close to 8 mil customers by end-2023 after the acquisition of Citi’s Indonesia consumer business","content":"<html><head></head><body><p>The completion of United Overseas Bank’s (UOB) acquisition of Citi’s consumer banking businesses in Malaysia, Thailand and Vietnam has brought the bank’s regional retail customer count to over seven million as at March 31.</p><p>When it completes its acquisition of Citi’s consumer business in Indonesia, the bank’s customer count will have close to eight million customers, says UOB.</p><p>“Our transformative decision to acquire Citigroup’s consumer businesses in four Asean markets during the pandemic has proven to be very timely, positioning us well as consumer spending returns with a vengeance,” says Jacquelyn Tan, head of group personal financial services at UOB.</p><p>The four markets are also expected to provide an additional $1 billion to UOB’s revenue on a full-year basis in addition to building stronger resilience with diversification in its geographical and revenue mix.</p><p>Prior to the acquisition, 70% of UOB’s portfolio was in Singapore versus 30% in the region. After the acquisition, UOB’s Singapore portfolio is now at 60% compared to the region’s 40%.</p><p>In the 1QFY2023 ended March, UOB saw its net credit card fees almost doubling y-o-y with Citi’s portfolio contributing a quarter to the amount. Loans and deposits grew by almost 10% and 15% y-o-y in the 1QFY2023 as well following the acquisition.</p><p>During the same period, the Asean-4, which is made up of Malaysia, Thailand, Indonesia and Vietnam accounted for over 35% of the bank’s group personal financial services income. UOB’s network of branches in Malaysia, Thailand and Vietnam also grew by 15 as of March.</p><p>In the 1QFY2023, total cross-border billings for UOB’s credit cards in Asean grew almost three times y-o-y.</p><p>The bank’s total income from its unsecured business is also expected to almost double by the end of FY2023.</p><p>Following the acquisition, UOB is now the top in consumer card spend for <a href=\"https://laohu8.com/S/V\">Visa</a> in Asean. The bank is also the top issuer of MasterCard for credit cards in the region, notes Tan.</p><p>“These are two huge achievements, altogether. [It] also speaks of the size and the presence that we have individual countries on top of Singapore,” she says.</p><p>In Singapore, about 1.3 million UOB credit cards are in use today, which translates to about one in two cardholders in Singapore that holds a card from the bank.</p><p>“Aside from the Citi acquisition that loaded about close to - by the end of the four countries - more than two million customers organically. Annually, we onboard about 800,000 customers, of which more than 50% are digitally acquired through our UOB TMRW platform. That is a nice complement of both organic as well as inorganic growth to build up our franchise,” she adds.</p><p>According to UOB, the figures bode well and are in line with the bullish forecasts for Asean and the Asia-Pacific (APAC) region compared to the rest of the world. In its statement, UOB highlighted that the International Monetary Fund (IMF) estimated that APAC will see overall GDP growth of 4.6% in 2023, up 0.6% from the year before and above the forecasts of a 2.8% global growth in GDP.</p><p>The Asian Development Bank had also forecasted that Southeast Asia’s GDP growth will keep pace at 4.7% in 2023 amid the global headwinds.</p></body></html>","source":"edge_highlight","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>UOB’s Acquisition of Citi’s Consumer Banking Businesses in Malaysia, Thailand, Vietnam Brings Customers to Over 7 Mil</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nUOB’s Acquisition of Citi’s Consumer Banking Businesses in Malaysia, Thailand, Vietnam Brings Customers to Over 7 Mil\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-05-11 14:05 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.theedgesingapore.com/news/banking-finance/uobs-acquisition-citis-consumer-banking-businesses-malaysia-thailand-vietnam?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS><strong>Felicia Tan</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>The completion of United Overseas Bank’s (UOB) acquisition of Citi’s consumer banking businesses in Malaysia, Thailand and Vietnam has brought the bank’s regional retail customer count to over seven ...</p>\n\n<a href=\"https://www.theedgesingapore.com/news/banking-finance/uobs-acquisition-citis-consumer-banking-businesses-malaysia-thailand-vietnam?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"U11.SI":"大华银行"},"source_url":"https://www.theedgesingapore.com/news/banking-finance/uobs-acquisition-citis-consumer-banking-businesses-malaysia-thailand-vietnam?utm_source=Blog&utm_medium=RSS&utm_campaign=Tiger_Brokers_app_RSS","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2334440716","content_text":"The completion of United Overseas Bank’s (UOB) acquisition of Citi’s consumer banking businesses in Malaysia, Thailand and Vietnam has brought the bank’s regional retail customer count to over seven million as at March 31.When it completes its acquisition of Citi’s consumer business in Indonesia, the bank’s customer count will have close to eight million customers, says UOB.“Our transformative decision to acquire Citigroup’s consumer businesses in four Asean markets during the pandemic has proven to be very timely, positioning us well as consumer spending returns with a vengeance,” says Jacquelyn Tan, head of group personal financial services at UOB.The four markets are also expected to provide an additional $1 billion to UOB’s revenue on a full-year basis in addition to building stronger resilience with diversification in its geographical and revenue mix.Prior to the acquisition, 70% of UOB’s portfolio was in Singapore versus 30% in the region. After the acquisition, UOB’s Singapore portfolio is now at 60% compared to the region’s 40%.In the 1QFY2023 ended March, UOB saw its net credit card fees almost doubling y-o-y with Citi’s portfolio contributing a quarter to the amount. Loans and deposits grew by almost 10% and 15% y-o-y in the 1QFY2023 as well following the acquisition.During the same period, the Asean-4, which is made up of Malaysia, Thailand, Indonesia and Vietnam accounted for over 35% of the bank’s group personal financial services income. UOB’s network of branches in Malaysia, Thailand and Vietnam also grew by 15 as of March.In the 1QFY2023, total cross-border billings for UOB’s credit cards in Asean grew almost three times y-o-y.The bank’s total income from its unsecured business is also expected to almost double by the end of FY2023.Following the acquisition, UOB is now the top in consumer card spend for Visa in Asean. The bank is also the top issuer of MasterCard for credit cards in the region, notes Tan.“These are two huge achievements, altogether. [It] also speaks of the size and the presence that we have individual countries on top of Singapore,” she says.In Singapore, about 1.3 million UOB credit cards are in use today, which translates to about one in two cardholders in Singapore that holds a card from the bank.“Aside from the Citi acquisition that loaded about close to - by the end of the four countries - more than two million customers organically. Annually, we onboard about 800,000 customers, of which more than 50% are digitally acquired through our UOB TMRW platform. That is a nice complement of both organic as well as inorganic growth to build up our franchise,” she adds.According to UOB, the figures bode well and are in line with the bullish forecasts for Asean and the Asia-Pacific (APAC) region compared to the rest of the world. In its statement, UOB highlighted that the International Monetary Fund (IMF) estimated that APAC will see overall GDP growth of 4.6% in 2023, up 0.6% from the year before and above the forecasts of a 2.8% global growth in GDP.The Asian Development Bank had also forecasted that Southeast Asia’s GDP growth will keep pace at 4.7% in 2023 amid the global headwinds.","news_type":1},"isVote":1,"tweetType":1,"viewCount":314,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9970991667,"gmtCreate":1683787040959,"gmtModify":1683787045151,"author":{"id":"4098337318399680","authorId":"4098337318399680","name":"Menaka","avatar":"https://community-static.tradeup.com/news/0dbf06624c2f214737a438656a0b8756","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098337318399680","idStr":"4098337318399680"},"themes":[],"htmlText":"Good news&nbsp;","listText":"Good news&nbsp;","text":"Good news","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9970991667","repostId":"2334440716","repostType":2,"isVote":1,"tweetType":1,"viewCount":578,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9940890319,"gmtCreate":1677794103032,"gmtModify":1677794106663,"author":{"id":"4098337318399680","authorId":"4098337318399680","name":"Menaka","avatar":"https://community-static.tradeup.com/news/0dbf06624c2f214737a438656a0b8756","crmLevel":5,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"4098337318399680","idStr":"4098337318399680"},"themes":[],"htmlText":"Great","listText":"Great","text":"Great","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9940890319","repostId":"1152493387","repostType":4,"repost":{"id":"1152493387","pubTimestamp":1677771047,"share":"https://ttm.financial/m/news/1152493387?lang=&edition=fundamental","pubTime":"2023-03-02 23:30","market":"us","language":"en","title":"Tesla Investor Day Falls Flat","url":"https://stock-news.laohu8.com/highlight/detail?id=1152493387","media":"Seeking Alpha","summary":"SummaryTesla announces new gigafactory will be located in Mexico.No $25,000 vehicle was shown off at","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>Tesla announces new gigafactory will be located in Mexico.</li><li>No $25,000 vehicle was shown off at this event.</li></ul><p>On Wednesday, Tesla (NASDAQ: TSLA) held its highly anticipated Investor Day. Since the event was announced a few months ago, everyone has been waiting to hear about the company&#39;s next generation vehicle platform, as well as other items that will be key for shareholders going forward. Unfortunately, the event turned out to be more hype than anything else, and thus for TSLA stock, it was another &#34;buy the rumor, sell the news&#34; event.</p><p>Perhaps the biggest piece of news was that Tesla is indeed going to build another gigafactory, this time in Mexico. There have been rumors of this location for several weeks now, as local politicians have talked about it coming and various meetings with Tesla CEO Elon Musk have been reported. There was no timeline provided for this project, but this factory will be used for the next generation vehicle platform. It will be built just outside Monterrey in Nuevo León, with Tesla&#39;s official rendering seen below.</p><p><img src=\"https://static.tigerbbs.com/c6393fa0adf88ab0b5ee4f1d70947745\" tg-width=\"640\" tg-height=\"309\" referrerpolicy=\"no-referrer\"/></p><p>Tesla Gigafactory Mexico(Investor Day Presentation)</p><p>As was expected, Tesla&#39;s future plan is about the transitioning the world to sustainable energy. This came with a large math lesson, which can be seen here if you need to know the exact details. However, the keys involve powering the grid with renewable energy sources, increasing the number of electric vehicles in use, and reducing the extraction of minerals. On the EV side, Tesla believes its next generation vehicle can be produced for 50% less, which then will allow it to become more affordable. Part of the reduction in cost is making the production process much simpler. That reduces the time it will take to build the vehicle, which then can allow for higher production over time.</p><p>Investors and consumers had high hopes that Tesla would unveil its $25,000 vehicle at this week&#39;s event. This is a vehicle that Musk has teased for several years now, but it was not shown off here. Management said that this next generation platform will get a proper reveal in the future, but again, there was no timeline provided for when that will be. This more affordable vehicle is expected to be a key part of Tesla&#39;s battle in China against many local brands, so for now the company will be limited to the Model 3 and Y there.</p><p>In an article I had published recently, I discussed how previous statements around full self-driving (&#34;FSD&#34;) capabilities and robo-taxis could lead to significant liabilities for Tesla down the road. There were hopes that more concrete information would be delivered Wednesday about the robo-taxi platform and service, but we didn&#39;t get a lot of details outside of how FSD and Autopilot have improved over the years. There also wasn&#39;t a major discussion about FSD Hardware version 4 or whether or not it is in cars yet, so perhaps an official announcement about that will come in the coming weeks or months.</p><p>Tesla did use the event to show off its latest Cybertruck prototype and focused on some of its key features. Management reiterated that production will start this year, which will be about three years late. However, there was some disappointment that no official timeline was given, and Tesla didn&#39;t update on the price of the vehicle. Mass production won&#39;t occur until 2024 at the earliest, so investors shouldn&#39;t be banking on a major contribution to overall results in the next couple of quarters.</p><p>One of the biggest disappointments for shareholders in the near term was the financial discussion. Tesla CFO Zach Kirkhorn discussed how the company&#39;s working capital needs to bounce around throughout the quarter, and what the cost of this sustainable energy future will cost. As a result, there was no official announcement of a share repurchase plan that would at least offset some of the dilution investors are facing over time. This has been a key part of the bull case in recent months, with some major Tesla fans and investors pushing the company to put its large cash pile to use. For now, however, the plan is to build the business, and then return capital afterwards.</p><p>I have listened to many of Tesla&#39;s presentations and quarterly earnings calls, and this one was perhaps the most painful. The main presentation featured at least 10 key parts and was over two and a half hours long, and I counted at least 17 different executives that spoke. There was a lot of discussion about things that have already happened in Tesla, much of which I don&#39;t think needed to be regurgitated. For example, we didn&#39;t need to hear for a few minutes how a Tesla produces less emissions than a Toyota Corolla. The average investor doesn&#39;t need to know every single detail about how Tesla reacted to some event from several years ago or every last technical specification about certain vehicle components.</p><p>I mentioned that this event was another example of buy the rumor, sell the news. Tesla shares had more than doubled from their early 2023 lows, partially on the hopes for this week&#39;s event. Unfortunately, the lack of critical details on many fronts left investors with a sour taste. As the chart below shows, selling in the after-hours session started almost immediately once the event started, ended with a loss of 5.66% or nearly $11.50 a share.</p><p><img src=\"https://static.tigerbbs.com/abb13f70716e3a9e527c26d3d92b0128\" tg-width=\"640\" tg-height=\"224\" referrerpolicy=\"no-referrer\"/></p><p>Tesla March 1st Trading (CNBC)</p><p>In the end, Tesla&#39;s Investor Day was more fluff than anything else. The company is certainly making progress on some of its goals, but investors wanted to hear more specific details about upcoming products, a potential buyback, etc. The presentation was just too long and wordy for the average investor, which may have fueled some of the selling in the after-hours session. Given the lack of key details, it wouldn&#39;t surprise me if there&#39;s more selling in the near term until Tesla opens things up a bit.</p></body></html>","source":"seekingalpha_fund","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Tesla Investor Day Falls Flat</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTesla Investor Day Falls Flat\n</h2>\n\n<h4 class=\"meta\">\n\n\n2023-03-02 23:30 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4583634-tesla-investor-day-falls-flat><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryTesla announces new gigafactory will be located in Mexico.No $25,000 vehicle was shown off at this event.On Wednesday, Tesla (NASDAQ: TSLA) held its highly anticipated Investor Day. Since the ...</p>\n\n<a href=\"https://seekingalpha.com/article/4583634-tesla-investor-day-falls-flat\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"https://seekingalpha.com/article/4583634-tesla-investor-day-falls-flat","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1152493387","content_text":"SummaryTesla announces new gigafactory will be located in Mexico.No $25,000 vehicle was shown off at this event.On Wednesday, Tesla (NASDAQ: TSLA) held its highly anticipated Investor Day. Since the event was announced a few months ago, everyone has been waiting to hear about the company's next generation vehicle platform, as well as other items that will be key for shareholders going forward. Unfortunately, the event turned out to be more hype than anything else, and thus for TSLA stock, it was another \"buy the rumor, sell the news\" event.Perhaps the biggest piece of news was that Tesla is indeed going to build another gigafactory, this time in Mexico. There have been rumors of this location for several weeks now, as local politicians have talked about it coming and various meetings with Tesla CEO Elon Musk have been reported. There was no timeline provided for this project, but this factory will be used for the next generation vehicle platform. It will be built just outside Monterrey in Nuevo León, with Tesla's official rendering seen below.Tesla Gigafactory Mexico(Investor Day Presentation)As was expected, Tesla's future plan is about the transitioning the world to sustainable energy. This came with a large math lesson, which can be seen here if you need to know the exact details. However, the keys involve powering the grid with renewable energy sources, increasing the number of electric vehicles in use, and reducing the extraction of minerals. On the EV side, Tesla believes its next generation vehicle can be produced for 50% less, which then will allow it to become more affordable. Part of the reduction in cost is making the production process much simpler. That reduces the time it will take to build the vehicle, which then can allow for higher production over time.Investors and consumers had high hopes that Tesla would unveil its $25,000 vehicle at this week's event. This is a vehicle that Musk has teased for several years now, but it was not shown off here. Management said that this next generation platform will get a proper reveal in the future, but again, there was no timeline provided for when that will be. This more affordable vehicle is expected to be a key part of Tesla's battle in China against many local brands, so for now the company will be limited to the Model 3 and Y there.In an article I had published recently, I discussed how previous statements around full self-driving (\"FSD\") capabilities and robo-taxis could lead to significant liabilities for Tesla down the road. There were hopes that more concrete information would be delivered Wednesday about the robo-taxi platform and service, but we didn't get a lot of details outside of how FSD and Autopilot have improved over the years. There also wasn't a major discussion about FSD Hardware version 4 or whether or not it is in cars yet, so perhaps an official announcement about that will come in the coming weeks or months.Tesla did use the event to show off its latest Cybertruck prototype and focused on some of its key features. Management reiterated that production will start this year, which will be about three years late. However, there was some disappointment that no official timeline was given, and Tesla didn't update on the price of the vehicle. Mass production won't occur until 2024 at the earliest, so investors shouldn't be banking on a major contribution to overall results in the next couple of quarters.One of the biggest disappointments for shareholders in the near term was the financial discussion. Tesla CFO Zach Kirkhorn discussed how the company's working capital needs to bounce around throughout the quarter, and what the cost of this sustainable energy future will cost. As a result, there was no official announcement of a share repurchase plan that would at least offset some of the dilution investors are facing over time. This has been a key part of the bull case in recent months, with some major Tesla fans and investors pushing the company to put its large cash pile to use. For now, however, the plan is to build the business, and then return capital afterwards.I have listened to many of Tesla's presentations and quarterly earnings calls, and this one was perhaps the most painful. The main presentation featured at least 10 key parts and was over two and a half hours long, and I counted at least 17 different executives that spoke. There was a lot of discussion about things that have already happened in Tesla, much of which I don't think needed to be regurgitated. For example, we didn't need to hear for a few minutes how a Tesla produces less emissions than a Toyota Corolla. The average investor doesn't need to know every single detail about how Tesla reacted to some event from several years ago or every last technical specification about certain vehicle components.I mentioned that this event was another example of buy the rumor, sell the news. Tesla shares had more than doubled from their early 2023 lows, partially on the hopes for this week's event. Unfortunately, the lack of critical details on many fronts left investors with a sour taste. As the chart below shows, selling in the after-hours session started almost immediately once the event started, ended with a loss of 5.66% or nearly $11.50 a share.Tesla March 1st Trading (CNBC)In the end, Tesla's Investor Day was more fluff than anything else. The company is certainly making progress on some of its goals, but investors wanted to hear more specific details about upcoming products, a potential buyback, etc. The presentation was just too long and wordy for the average investor, which may have fueled some of the selling in the after-hours session. Given the lack of key details, it wouldn't surprise me if there's more selling in the near term until Tesla opens things up a bit.","news_type":1},"isVote":1,"tweetType":1,"viewCount":511,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"defaultTab":"posts","isTTM":true}