(AOF) – Tesla is expected to fall pre-market on Wall Street after losing more than 5% in yesterday’s session. Market source Dan Levy, an analyst at Barclays, lowered his recommendation on the stock from Overweight to Weighted online. According to him, Tesla’s recent rally ignored short-term questions about the stock’s fundamentals. Levy notably believes that AI is a “long-term” opportunity for Tesla, not something capable of currently increasing its valuation. Tesla has more than doubled its valuation for 6 months.
AOF – LEARN MORE
A paradoxical performance
Data from EY highlights that the performance of the world’s top 16 manufacturers was particularly strong in 2021. While the average margin has fallen for three years in a row, from 6.3% in 2017 to just 3.5% in 2020 , this margin stood at 8.5% in 2021. This level is a record for ten years. However, the context was particularly hectic for manufacturers, faced with unprecedented shortages of components. Global sales fell 14% in 2020, the year of the health crisis, to rebound by only 5% in 2021. However, last year, players were able to reap the benefits of their efforts on their fixed cost structure. .