- Top Tesla analyst: Musk is going to have to raise $2.5 billion in capital, weighing on stock – CNBC: Tesla will soon need to raise billions more in capital, Morgan Stanley said on Thursday.
- Tesla cars are now ‘quite old’ and the exclusive brand is at risk, analyst says – CNBC: The U.S. firm reported a loss of $702 million on an adjusted basis for the first three months of the year.
- Tesla junk bond spreads widens to a record after big loss – Reuters: Investors are demanding a record risk premium for holding Tesla Inc’s $1.8 billion junk bond after the electric car maker posted a $700 million first-quarter loss and signaled it may be in the market for more capital soon.
- Profitability will not ‘magically return to the Tesla story,’ analyst says in downgrade – CNBC: Wedbush lowered its rating of Tesla shares to neutral from outperform on Thursday after the company reported a first-quarter loss that was far worse than Wall Street expected.
- ‘Don’t shoot yourself in the foot’: Inside Mexico’s campaign to save NAFTA – Reuters: In April 2017, a group of Mexican executives filed into the Texas governor’s mansion in Austin for a meeting they hoped would help save a trillion-dollar trade deal.
Thursday Morning Auto News, Apr 25, 2019
April 25, 2019 By
Toyota extends its early lead in race for World’s Largest Automaker 2019
April 25, 2019 By
Steady-as-it goes Toyota stands a good chance of finishing this year as World’s Largest Automaker. Three months into 2019, Toyota leads the race with more than 2.7 million produced units to its name. 2nd-ranked Volkswagen Group is 121,000 units behind, while the Renault-Nissan-Mitsubishi Alliance brings up the rear. It may be a little early in the game to bet on a winner, but there are ominous minus signs supporting this call:
