Space includes companies engaged in space exploration, launch providers, the defense industry, satellite technology, and commercial products and services, such as satellite internet and space tourism. Space companies operate in a rapidly growing sector with increasing demand for satellite services, space exploration, and technology innovations. Their diverse revenue streams, government contracts, and global reach make them appealing to investors seeking long-term opportunities.
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Musk's involvement in politics has 'severely harmed' Tesla! The city of Toronto in Canada has canceled car purchase subsidies...
① The mayor of Toronto, Olivia Chow, announced that due to the trade tensions with the USA, Toronto will no longer provide financial incentives for owners purchasing Tesla Autos for taxi or rideshare use. ② Chow stated that this move has little financial impact and is more symbolic, aimed at Tesla's CEO Elon Musk.
Tesla Drops Nearly 5% As Mizuho Cuts Price Target To $430 — Peter Schiff Asks Why Is It 'Bad News'
Demand is taking a hit! Following JPMorgan and Wells Fargo, another major bank has downgraded Tesla's Target Price.
On Monday, Mizuho Analyst lowered the Target Price for Tesla from $515 to $430, citing weak demand for the automaker amid uncertainty over tariffs; Mizuho currently projects Tesla will deliver 1.8 million autos this year and 2.3 million autos in 2026, down from previous estimates of 2.3 million autos and 2.9 million autos.
Despite the pressure from weak retail, U.S. stock indices rebounded over two days, but Tesla and NVIDIA declined. Quantum computing stocks continued to rise sharply, and Chinese concept stocks strengthened, with Baidu up 9%.
Tesla closed down nearly 5%, NVIDIA fell nearly 2%; Intel rose nearly 7%; quantum computing stock ARQQ rose 57%; the China Concept Index rose 4%, and Alibaba increased by over 4%. After U.S. retail sales, the two-year U.S. Treasury yield reached a two-week high. The USD briefly approached a five-month low. Crude Oil Product rebounded over two days. Gold futures reached a historic high over three days, having briefly turned to decline during the session.