Warren01 personal page - To The Moon

Warren01

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2022-09-29

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today","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9918476126","repostId":"2271326027","repostType":2,"repost":{"id":"2271326027","kind":"highlight","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1664443988,"share":"https://ttm.financial/m/news/2271326027?lang=en_US&edition=fundamental","pubTime":"2022-09-29 17:33","market":"us","language":"en","title":"Here's What to Expect at Tesla AI Day","url":"https://stock-news.laohu8.com/highlight/detail?id=2271326027","media":"Dow Jones","summary":"Elon Musk unveiled plans for a humanoid robot, called the Tesla Bot, last year. On Friday, he’s expe","content":"<html><head></head><body><p><img src=\"https://static.tigerbbs.com/f9d75e0de3e3fb70a229d65bdd185c31\" tg-width=\"700\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/>Elon Musk unveiled plans for a humanoid robot, called the Tesla Bot, last year. On Friday, he’s expected to showcase a prototype.</p><p>Tesla Inc&#39;s &#34;AI day&#34; is back, with investors hoping this time the electric-vehicle maker will show something other than a spandex-clad human mimicking a future a humanoid robot.</p><p>In invitations to the event, scheduled for Friday evening, Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> teased updates on its Full Self Driving system, meant to power some future safety and autonomy capabilities but it is still in beta mode, its Optimus robot, and its so-called Dojo supercomputer.</p><p>Tesla is likely to emphasize its promised &#34;robotaxi&#34; rollout &#34;a little more,&#34; perhaps giving some figures and a more specific timeline, Argus Research analyst Bill Selesky told MarketWatch.</p><p>&#34;It&#39;s a bit difficult to predict what Tesla will say on FSD technology, since they have changed their plans several times,&#34; from promising one million robotaxis on the road by the end of 2022 to 1 million customers in their FSD beta program, &#34;which are totally different,&#34; he said.</p><p>Still, the robot program could be &#34;the big event for the day,&#34; since depending on what is presented the program could raise expectations of higher manufacturing rates in the near-term, he said.</p><p>For the Dojo supercomputer program, Wall Street expects &#34;a more detailed program description, rather than just speaking about a working chip and tile,&#34; Selesky said.</p><p>Tesla is likely to deliver on that, Selesky said. &#34;I think the details will be more developed than ever before.&#34;</p><p>Tesla&#39;s first event dedicated to showcasing its artificial-intelligence prowess took place in August 2021, featuring the all-too-human robot stand-in.</p><p>At the time, Chief Executive Elon Musk said a robot prototype is expected next year, and called Tesla &#34;the world&#39;s biggest robotics company.&#34;</p><p>In a note earlier this month, Gene Munster and Rebecca Mulberg of Loup Funds said they expect AI Day to be a &#34;combination of hard-to-understand technical jargon along with optimistic comments from Elon regarding the timeline of FSD.&#34;</p><p>And while many people may leave the event thinking there was little news, that would be missing the point, they said.</p><p>&#34;Autonomy is coming, and no other auto maker has made the progress that Tesla has in advancing its potential. Eventually, Tesla will get it right and FSD will ship,&#34; with Tesla once again being years ahead of its competition, they said.</p><p>Musk has long been criticized for loose timelines and goals around full autonomy, with FSD capabilities seen touted as they are far from reality, and still costly. Tesla last month raised the price of FSD beta to $15,000.</p><p>Tesla&#39;s  advanced driver-assistance features have gone through a several repackaging and renaming, with the company dropping &#34;Enhanced Autopilot&#34; some three years ago and making some of the features of Autopilot, its suite of ADAS systems, standard. It sold FSD for $10,000 then, with the price rising to $12,000 earlier this year.</p><p>The &#34;promise&#34; of a fully autonomous FSD has been on the table since 2018, and recent system updates have underscored how &#34;even some of FSD&#39;s basic driving behaviors still need refinement,&#34; the Loup analysts said.</p><p>Tesla, which disbanded its media and public relations team in 2020, did not immediately return a request  for confirming the AI Day start time, but that&#39;s expected for 8 p.m. Eastern. The event has been postponed from August, with the hope that Tesla will have a Optimus prototype on Friday.</p></body></html>","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>Here's What to Expect at Tesla AI Day</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\">\nHere's What to Expect at Tesla AI Day\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2022-09-29 17:33</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p><img src=\"https://static.tigerbbs.com/f9d75e0de3e3fb70a229d65bdd185c31\" tg-width=\"700\" tg-height=\"384\" referrerpolicy=\"no-referrer\"/>Elon Musk unveiled plans for a humanoid robot, called the Tesla Bot, last year. On Friday, he’s expected to showcase a prototype.</p><p>Tesla Inc&#39;s &#34;AI day&#34; is back, with investors hoping this time the electric-vehicle maker will show something other than a spandex-clad human mimicking a future a humanoid robot.</p><p>In invitations to the event, scheduled for Friday evening, Tesla <a href=\"https://laohu8.com/S/TSLA\">$(TSLA)$</a> teased updates on its Full Self Driving system, meant to power some future safety and autonomy capabilities but it is still in beta mode, its Optimus robot, and its so-called Dojo supercomputer.</p><p>Tesla is likely to emphasize its promised &#34;robotaxi&#34; rollout &#34;a little more,&#34; perhaps giving some figures and a more specific timeline, Argus Research analyst Bill Selesky told MarketWatch.</p><p>&#34;It&#39;s a bit difficult to predict what Tesla will say on FSD technology, since they have changed their plans several times,&#34; from promising one million robotaxis on the road by the end of 2022 to 1 million customers in their FSD beta program, &#34;which are totally different,&#34; he said.</p><p>Still, the robot program could be &#34;the big event for the day,&#34; since depending on what is presented the program could raise expectations of higher manufacturing rates in the near-term, he said.</p><p>For the Dojo supercomputer program, Wall Street expects &#34;a more detailed program description, rather than just speaking about a working chip and tile,&#34; Selesky said.</p><p>Tesla is likely to deliver on that, Selesky said. &#34;I think the details will be more developed than ever before.&#34;</p><p>Tesla&#39;s first event dedicated to showcasing its artificial-intelligence prowess took place in August 2021, featuring the all-too-human robot stand-in.</p><p>At the time, Chief Executive Elon Musk said a robot prototype is expected next year, and called Tesla &#34;the world&#39;s biggest robotics company.&#34;</p><p>In a note earlier this month, Gene Munster and Rebecca Mulberg of Loup Funds said they expect AI Day to be a &#34;combination of hard-to-understand technical jargon along with optimistic comments from Elon regarding the timeline of FSD.&#34;</p><p>And while many people may leave the event thinking there was little news, that would be missing the point, they said.</p><p>&#34;Autonomy is coming, and no other auto maker has made the progress that Tesla has in advancing its potential. Eventually, Tesla will get it right and FSD will ship,&#34; with Tesla once again being years ahead of its competition, they said.</p><p>Musk has long been criticized for loose timelines and goals around full autonomy, with FSD capabilities seen touted as they are far from reality, and still costly. Tesla last month raised the price of FSD beta to $15,000.</p><p>Tesla&#39;s  advanced driver-assistance features have gone through a several repackaging and renaming, with the company dropping &#34;Enhanced Autopilot&#34; some three years ago and making some of the features of Autopilot, its suite of ADAS systems, standard. It sold FSD for $10,000 then, with the price rising to $12,000 earlier this year.</p><p>The &#34;promise&#34; of a fully autonomous FSD has been on the table since 2018, and recent system updates have underscored how &#34;even some of FSD&#39;s basic driving behaviors still need refinement,&#34; the Loup analysts said.</p><p>Tesla, which disbanded its media and public relations team in 2020, did not immediately return a request  for confirming the AI Day start time, but that&#39;s expected for 8 p.m. Eastern. The event has been postponed from August, with the hope that Tesla will have a Optimus prototype on Friday.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2271326027","content_text":"Elon Musk unveiled plans for a humanoid robot, called the Tesla Bot, last year. On Friday, he’s expected to showcase a prototype.Tesla Inc's \"AI day\" is back, with investors hoping this time the electric-vehicle maker will show something other than a spandex-clad human mimicking a future a humanoid robot.In invitations to the event, scheduled for Friday evening, Tesla $(TSLA)$ teased updates on its Full Self Driving system, meant to power some future safety and autonomy capabilities but it is still in beta mode, its Optimus robot, and its so-called Dojo supercomputer.Tesla is likely to emphasize its promised \"robotaxi\" rollout \"a little more,\" perhaps giving some figures and a more specific timeline, Argus Research analyst Bill Selesky told MarketWatch.\"It's a bit difficult to predict what Tesla will say on FSD technology, since they have changed their plans several times,\" from promising one million robotaxis on the road by the end of 2022 to 1 million customers in their FSD beta program, \"which are totally different,\" he said.Still, the robot program could be \"the big event for the day,\" since depending on what is presented the program could raise expectations of higher manufacturing rates in the near-term, he said.For the Dojo supercomputer program, Wall Street expects \"a more detailed program description, rather than just speaking about a working chip and tile,\" Selesky said.Tesla is likely to deliver on that, Selesky said. \"I think the details will be more developed than ever before.\"Tesla's first event dedicated to showcasing its artificial-intelligence prowess took place in August 2021, featuring the all-too-human robot stand-in.At the time, Chief Executive Elon Musk said a robot prototype is expected next year, and called Tesla \"the world's biggest robotics company.\"In a note earlier this month, Gene Munster and Rebecca Mulberg of Loup Funds said they expect AI Day to be a \"combination of hard-to-understand technical jargon along with optimistic comments from Elon regarding the timeline of FSD.\"And while many people may leave the event thinking there was little news, that would be missing the point, they said.\"Autonomy is coming, and no other auto maker has made the progress that Tesla has in advancing its potential. Eventually, Tesla will get it right and FSD will ship,\" with Tesla once again being years ahead of its competition, they said.Musk has long been criticized for loose timelines and goals around full autonomy, with FSD capabilities seen touted as they are far from reality, and still costly. Tesla last month raised the price of FSD beta to $15,000.Tesla's  advanced driver-assistance features have gone through a several repackaging and renaming, with the company dropping \"Enhanced Autopilot\" some three years ago and making some of the features of Autopilot, its suite of ADAS systems, standard. It sold FSD for $10,000 then, with the price rising to $12,000 earlier this year.The \"promise\" of a fully autonomous FSD has been on the table since 2018, and recent system updates have underscored how \"even some of FSD's basic driving behaviors still need refinement,\" the Loup analysts said.Tesla, which disbanded its media and public relations team in 2020, did not immediately return a request  for confirming the AI Day start time, but that's expected for 8 p.m. Eastern. The event has been postponed from August, with the hope that Tesla will have a Optimus prototype on Friday.","news_type":1,"symbols_score_info":{"TSLA":1}},"isVote":1,"tweetType":1,"viewCount":723,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9960426010,"gmtCreate":1668228487130,"gmtModify":1676538031968,"author":{"id":"4120614206217952","authorId":"4120614206217952","name":"Warren01","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4120614206217952","idStr":"4120614206217952"},"themes":[],"htmlText":"Cut cost","listText":"Cut cost","text":"Cut cost","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/9960426010","repostId":"2282435542","repostType":4,"repost":{"id":"2282435542","kind":"highlight","weMediaInfo":{"introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"media_name":"Reuters","id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"pubTimestamp":1668209527,"share":"https://ttm.financial/m/news/2282435542?lang=en_US&edition=fundamental","pubTime":"2022-11-12 07:32","market":"us","language":"en","title":"Disney Plans to Freeze Hiring, Cut Some Jobs -Memo","url":"https://stock-news.laohu8.com/highlight/detail?id=2282435542","media":"Reuters","summary":"Nov 11 (Reuters) - Walt Disney Co is planning to freeze hiring and cut some jobs, as it strives to m","content":"<html><head></head><body><p>Nov 11 (Reuters) - Walt Disney Co is planning to freeze hiring and cut some jobs, as it strives to move the Disney+ streaming service to profitability amid a period of economic uncertainty, according to a memo seen by Reuters on Friday.</p><p>Chief Executive Bob Chapek sent the memo to Disney&#39;s division leaders, saying the company is instituting a targeted hiring freeze and anticipates &#34;some small staff reductions&#34; as it looks to manage costs.</p><p>&#34;While certain macroeconomic factors are out of our control, meeting these goals requires all of us to continue doing our part to manage the things we can control -- most notably, our costs,&#34; wrote in the memo.</p><p>The move comes after Disney missed Wall Street estimates for quarterly earnings on Tuesday as the entertainment giant racked up more losses from its push into streaming video, which it refers to as its direct-to-consumer (DTC) business. Shares of the company fell more than 13% on Wednesday following its results.</p><p>Wall Street analysts voiced concern about Disney&#39;s escalating streaming costs, with MoffettNathanson analyst Michael Nathanson observing, in a note earlier this week, &#34;the company has to prove that their pivot to DTC will be worth the investment price that is currently being paid.&#34;</p><p>Corporate America is making deep cuts to its employee base to brace for an economic downturn. <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> said earlier this week it would cut more than 11,000 jobs, or 13% of its workforce to rein in costs.</p><p>Chapek said the company has established a task force, with Chief Financial Officer Christine McCarthy and General Counsel Horacio Gutierrez, to help him make &#34;critical big picture decisions.&#34;</p><p>The company already has begun looking at content and marketing spending, but Chapek said the cuts would not sacrifice quality.</p><p>Hiring will be limited to a small subset of critical positions, and some staff reductions are anticipated, as the company looks to make itself more cost-efficient, he wrote.</p><p>Chapek said business travel would be limited and trips would require advance approval, or conducted virtually, as much as possible.</p><p>&#34;Our transformation is designed to ensure we thrive not just today, but well into the future,&#34; Chapek wrote. </p></body></html>","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>Disney Plans to Freeze Hiring, Cut Some Jobs -Memo</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; 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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\">\nDisney Plans to Freeze Hiring, Cut Some Jobs -Memo\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1036604489\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/443ce19704621c837795676028cec868);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2022-11-12 07:32</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><head></head><body><p>Nov 11 (Reuters) - Walt Disney Co is planning to freeze hiring and cut some jobs, as it strives to move the Disney+ streaming service to profitability amid a period of economic uncertainty, according to a memo seen by Reuters on Friday.</p><p>Chief Executive Bob Chapek sent the memo to Disney&#39;s division leaders, saying the company is instituting a targeted hiring freeze and anticipates &#34;some small staff reductions&#34; as it looks to manage costs.</p><p>&#34;While certain macroeconomic factors are out of our control, meeting these goals requires all of us to continue doing our part to manage the things we can control -- most notably, our costs,&#34; wrote in the memo.</p><p>The move comes after Disney missed Wall Street estimates for quarterly earnings on Tuesday as the entertainment giant racked up more losses from its push into streaming video, which it refers to as its direct-to-consumer (DTC) business. Shares of the company fell more than 13% on Wednesday following its results.</p><p>Wall Street analysts voiced concern about Disney&#39;s escalating streaming costs, with MoffettNathanson analyst Michael Nathanson observing, in a note earlier this week, &#34;the company has to prove that their pivot to DTC will be worth the investment price that is currently being paid.&#34;</p><p>Corporate America is making deep cuts to its employee base to brace for an economic downturn. <a href=\"https://laohu8.com/S/META\">Meta Platforms</a> said earlier this week it would cut more than 11,000 jobs, or 13% of its workforce to rein in costs.</p><p>Chapek said the company has established a task force, with Chief Financial Officer Christine McCarthy and General Counsel Horacio Gutierrez, to help him make &#34;critical big picture decisions.&#34;</p><p>The company already has begun looking at content and marketing spending, but Chapek said the cuts would not sacrifice quality.</p><p>Hiring will be limited to a small subset of critical positions, and some staff reductions are anticipated, as the company looks to make itself more cost-efficient, he wrote.</p><p>Chapek said business travel would be limited and trips would require advance approval, or conducted virtually, as much as possible.</p><p>&#34;Our transformation is designed to ensure we thrive not just today, but well into the future,&#34; Chapek wrote. </p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"DIS":"迪士尼"},"source_url":"","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2282435542","content_text":"Nov 11 (Reuters) - Walt Disney Co is planning to freeze hiring and cut some jobs, as it strives to move the Disney+ streaming service to profitability amid a period of economic uncertainty, according to a memo seen by Reuters on Friday.Chief Executive Bob Chapek sent the memo to Disney's division leaders, saying the company is instituting a targeted hiring freeze and anticipates \"some small staff reductions\" as it looks to manage costs.\"While certain macroeconomic factors are out of our control, meeting these goals requires all of us to continue doing our part to manage the things we can control -- most notably, our costs,\" wrote in the memo.The move comes after Disney missed Wall Street estimates for quarterly earnings on Tuesday as the entertainment giant racked up more losses from its push into streaming video, which it refers to as its direct-to-consumer (DTC) business. Shares of the company fell more than 13% on Wednesday following its results.Wall Street analysts voiced concern about Disney's escalating streaming costs, with MoffettNathanson analyst Michael Nathanson observing, in a note earlier this week, \"the company has to prove that their pivot to DTC will be worth the investment price that is currently being paid.\"Corporate America is making deep cuts to its employee base to brace for an economic downturn. Meta Platforms said earlier this week it would cut more than 11,000 jobs, or 13% of its workforce to rein in costs.Chapek said the company has established a task force, with Chief Financial Officer Christine McCarthy and General Counsel Horacio Gutierrez, to help him make \"critical big picture decisions.\"The company already has begun looking at content and marketing spending, but Chapek said the cuts would not sacrifice quality.Hiring will be limited to a small subset of critical positions, and some staff reductions are anticipated, as the company looks to make itself more cost-efficient, he wrote.Chapek said business travel would be limited and trips would require advance approval, or conducted virtually, as much as possible.\"Our transformation is designed to ensure we thrive not just today, but well into the future,\" Chapek wrote.","news_type":1,"symbols_score_info":{"DIS":1}},"isVote":1,"tweetType":1,"viewCount":1167,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":9960426379,"gmtCreate":1668228494991,"gmtModify":1676538031976,"author":{"id":"4120614206217952","authorId":"4120614206217952","name":"Warren01","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4120614206217952","idStr":"4120614206217952"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9960426379","repostId":"1149378268","repostType":4,"repost":{"id":"1149378268","kind":"news","pubTimestamp":1668180804,"share":"https://ttm.financial/m/news/1149378268?lang=en_US&edition=fundamental","pubTime":"2022-11-11 23:33","market":"us","language":"en","title":"NIO Q3: Get Comfortable With Single-Digit Prices","url":"https://stock-news.laohu8.com/highlight/detail?id=1149378268","media":"Seeking Alpha","summary":"SummaryNIO’s stock prices plunged more than 12% after its Q3 earnings report. The stock price now hovers in the single digits.In the long term, NIO could be a beneficiary of China’s secular shift to E","content":"<html><head></head><body><p><b>Summary</b></p><ul><li>NIO’s stock prices plunged more than 12% after its Q3 earnings report. The stock price now hovers in the single digits.</li><li>In the long term, NIO could be a beneficiary of China’s secular shift to EV, its capacity ramp-up, and its strong branding relative to its domestic peers.</li><li>Unfortunately, in the near term, say the next ~2 years, I see too many headwinds to keep its prices in the single-digit range.</li><li>These headwinds include political uncertainty, margin pressure, COVID restrictions, intensifying competition, and uncertain EV subsidies.</li></ul><p><b>Q3 recap and thesis</b></p><p>I&#39;ve been writing a series of articles on NIO (NYSE:NIO) since May 2022 to caution readers of the many headwinds it&#39;s facing. Undoubtedly, I see all the good things that the bulls like about this stock. However, I see even stronger headwinds. For example, in an article published in August 2022, entitled &#34;<i>A Simple Reality Check</i>&#34;, I cautioned readers about its lack of profit and its unsustainable valuation. The stock was still trading at about $21 per share at that time.</p><p>Fast forward to now, NIO just released its Q3 earnings report (&#34;ER&#34;). Its Q3 Non-GAAP EPS (i.e., earnings per ADS) came in at -$0.30 and missed consensus estimates by $0.14. Vehicle margin was compressed by another 160 basis points to 16.4% compared with 18.0% a year ago. Its stock prices plunged 12.4% after its Q3 ER into the single-digit range ($9.25 as of this writing, before the market open on Nov 10, 2022).</p><p>Now looking ahead, I maintain my bear thesis. And more specifically, in this article, I will argue that NIO&#39;s stock prices would remain in the single digits in the near term (say the next 1~2 year or so). I acknowledge its long-term headwinds, including China&#39;s secular shift towards EVs, its leading branding power, and its aggressive vehicle delivery plans. But I see the negative catalysts to have the upper hand in the near term due to a multitude of strong headwinds, as detailed next.</p><p><b>Strong delivery and top line growth</b></p><p>To have a full view, let&#39;s first review the positives before we dive into the headwinds. NIO enjoys leading production and delivery scales among China&#39;s domestic EV players. It has demonstrated a robust ramp-up of production and delivery capacity in the past consistently as you can see from the following chart. specifically, in its September delivery report, it provided the following update for its 2022 Q3 deliveries, boasting another quarter of quarterly deliveries and a nearly 30% YoY growth rate.</p><blockquote><ul><li>NIO delivered 10,878 vehicles in September 2022</li><li>NIO delivered 31,607 vehicles in the three months ended September 2022, increasing by 29.3% year-over-year and achieving record-high quarterly deliveries</li><li>Cumulative deliveries of NIO vehicles reached 249,504 as of September 30, 2022</li></ul></blockquote><p>In its Q3 ER, it reported a total vehicle delivery exceeding 10k during the October month, translating into a 174.3% YOY (but a slight 7.5% decline MOM). And for its Q4 outlook, it aims at a delivery target in the range of 43k to 48k vehicles, translating into a growth rate of 71.8% to 91.7% YoY. Total revenues are projected to grow in tandem 75.4% to 94.2% YOY.</p><p><img src=\"https://static.tigerbbs.com/08ec5bbea7e73b8f01cba016203fbf78\" tg-width=\"640\" tg-height=\"315\" referrerpolicy=\"no-referrer\"/></p><p>Source: InsideEVs (NIO)</p><p>At the same time, its scale helps it to maintain healthy operation efficiency as you can see from the following comparison of its asset utilization (&#34;AU&#34;) against its domestic peer XPeng (XPEV) and U.S. peer Ford (F). NIO&#39;s AU current stands at 0.50x, slightly below its long-term average of 0.517x largely due to the lockdowns in China due to recent COVID case resurgences. Despite the recent decline in its AU, it is still above XPEV&#39;s 0.47x and comparable to F&#39;s long-term average levels.</p><p><img src=\"https://static.tigerbbs.com/97fee074dcebb0f9b0b198d3ec8f6b49\" tg-width=\"640\" tg-height=\"412\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><p><b>Margin pressure and lack of profit</b></p><p>However, the business has been suffering margin pressure on the bottom line and is yet to earn a positive profit. As seen, its gross profit margin (&#34;GPM&#34;) peaked around 18% during 2H of 2021, surpassing Ford. But recently, the GPM has been under pressure and contracted to the current level of 13% by about 500 basis points. Now its GPM is lower than F&#39;s 17.4% by a good gap (although still better than XPEV&#39;s 10.8%). In terms of profit margin, as shown in the bottom panel, the picture is even more concerning. Its net profit margin has always been in the negatives and is -26.7% currently.</p><p><img src=\"https://static.tigerbbs.com/8e1df97debcf4e604bd61440b04debc6\" tg-width=\"640\" tg-height=\"481\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><p>The picture does not improve as we broaden the view to include other metrics as seen in the chart below. Its metrics are negative across the board ranging from EBIT margin, EBITDA margin, and FCF margin.</p><p>Looking forward, I see a few key headwinds to keep its profits in the negative besides the macroeconomic factors. First, I expect the capital requirements to continue as it pursues the expansion of charging infrastructures. And note that its cash from operations sat at only $309M, far from being able to meet such requirements. To satisfy customers&#39; needs, management will need to keep spending on both battery swap stations and also charging stations. Secondly, I expect some of its manufacturing problems and also the global supply chain disruptions to persist. For example, it reported early about an issue involving the low yield rate of its mega-casting parts with its suppliers. This seemingly arcane issue actually can bottleneck its production ramp-up and efficiency, and it will take NIO time to solve its or find alternative suppliers amid supply chain disruptions.</p><p>Next, we will see that despite the lack of profit, the stock is still valued at an elevated level despite the large price corrections.</p><p><img src=\"https://static.tigerbbs.com/f688292596be907354e6847dbf3838b9\" tg-width=\"640\" tg-height=\"290\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><p><b>Valuation still too expensive</b></p><p>In terms of valuation, NIO is still trading at a large premium both in absolute and relative terms. Its lack of profit makes bottom-line oriented metric meaningless as seen in the chart below. Even FY3 PE stands at 163x, compare to about 6~7x for F. Furthermore, because of the many headwinds as analyzed above and its mixed Q3 results, its earnings outlook is both bleak and highly uncertain as reflected in the consensus estimates in the second chart below. NIO&#39;s earnings revisions for the last 3 months paint a highly pessimistic and uncertain picture. A total of 11 analysts submitted EPS forecasts, and a total of 9 analysts revised the EPS downward by as much as 70% to 95% in 2024.</p><p>Using top-line valuation metrics, its P/Sales ratio is still at 2.5x despite the price corrections, on par with the S&amp;P 500 index, about 2x higher than XPEV&#39;s 1.3x, and 7.1x higher than F&#39;s 0.35x. I found such a valuation unjustifiable given its lack of profit and the many headwinds it is facing. And again, its topline growth is highly uncertain too as reflected in the consensus estimates. A total of 21 analysts submitted revenue forecasts, and a total of 17 analysts revised the revenues downward.</p><p><img src=\"https://static.tigerbbs.com/5627051b392e84ff2ec468d7a59b0352\" tg-width=\"640\" tg-height=\"447\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><p><img src=\"https://static.tigerbbs.com/47d4424a62235a5a7974b517fb8f2363\" tg-width=\"640\" tg-height=\"393\" referrerpolicy=\"no-referrer\"/></p><p>Source: Seeking Alpha data</p><p><b>Other risks and final thoughts</b></p><p>To conclude, in the long term, NIO could benefit from the secular shift in China towards EVs, its capacity ramp-up, and its strong branding relative to its domestic peers.</p><p>However, I see too many strong forces in the near term to pressure the stock prices into the single-digit range. The stock has yet to report a positive earnings. So far, it has been trapped in the dreaded vicious cycle: the more vehicles it sells, the more money it loses.</p><p>The combination of elevated valuation and lack of net profit would also keep a lid on the stock prices. NIO had to temporarily suspend production at two of its plants in Hefei during Q3. And such suspensions are likely to recur in the near future. And finally, the stock may face the risk of securing new financing as its high CAPEX requirements persist while its organic earnings remain low or negative.</p></body></html>","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>NIO Q3: Get Comfortable With Single-Digit Prices</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\">\nNIO Q3: Get Comfortable With Single-Digit Prices\n</h2>\n\n<h4 class=\"meta\">\n\n\n2022-11-11 23:33 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/article/4555906-nio-q3-earnings-single-digit-prices><strong>Seeking Alpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>SummaryNIO’s stock prices plunged more than 12% after its Q3 earnings report. The stock price now hovers in the single digits.In the long term, NIO could be a beneficiary of China’s secular shift to ...</p>\n\n<a href=\"https://seekingalpha.com/article/4555906-nio-q3-earnings-single-digit-prices\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"NIO":"蔚来","09866":"蔚来-SW","NIO.SI":"蔚来"},"source_url":"https://seekingalpha.com/article/4555906-nio-q3-earnings-single-digit-prices","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1149378268","content_text":"SummaryNIO’s stock prices plunged more than 12% after its Q3 earnings report. The stock price now hovers in the single digits.In the long term, NIO could be a beneficiary of China’s secular shift to EV, its capacity ramp-up, and its strong branding relative to its domestic peers.Unfortunately, in the near term, say the next ~2 years, I see too many headwinds to keep its prices in the single-digit range.These headwinds include political uncertainty, margin pressure, COVID restrictions, intensifying competition, and uncertain EV subsidies.Q3 recap and thesisI've been writing a series of articles on NIO (NYSE:NIO) since May 2022 to caution readers of the many headwinds it's facing. Undoubtedly, I see all the good things that the bulls like about this stock. However, I see even stronger headwinds. For example, in an article published in August 2022, entitled \"A Simple Reality Check\", I cautioned readers about its lack of profit and its unsustainable valuation. The stock was still trading at about $21 per share at that time.Fast forward to now, NIO just released its Q3 earnings report (\"ER\"). Its Q3 Non-GAAP EPS (i.e., earnings per ADS) came in at -$0.30 and missed consensus estimates by $0.14. Vehicle margin was compressed by another 160 basis points to 16.4% compared with 18.0% a year ago. Its stock prices plunged 12.4% after its Q3 ER into the single-digit range ($9.25 as of this writing, before the market open on Nov 10, 2022).Now looking ahead, I maintain my bear thesis. And more specifically, in this article, I will argue that NIO's stock prices would remain in the single digits in the near term (say the next 1~2 year or so). I acknowledge its long-term headwinds, including China's secular shift towards EVs, its leading branding power, and its aggressive vehicle delivery plans. But I see the negative catalysts to have the upper hand in the near term due to a multitude of strong headwinds, as detailed next.Strong delivery and top line growthTo have a full view, let's first review the positives before we dive into the headwinds. NIO enjoys leading production and delivery scales among China's domestic EV players. It has demonstrated a robust ramp-up of production and delivery capacity in the past consistently as you can see from the following chart. specifically, in its September delivery report, it provided the following update for its 2022 Q3 deliveries, boasting another quarter of quarterly deliveries and a nearly 30% YoY growth rate.NIO delivered 10,878 vehicles in September 2022NIO delivered 31,607 vehicles in the three months ended September 2022, increasing by 29.3% year-over-year and achieving record-high quarterly deliveriesCumulative deliveries of NIO vehicles reached 249,504 as of September 30, 2022In its Q3 ER, it reported a total vehicle delivery exceeding 10k during the October month, translating into a 174.3% YOY (but a slight 7.5% decline MOM). And for its Q4 outlook, it aims at a delivery target in the range of 43k to 48k vehicles, translating into a growth rate of 71.8% to 91.7% YoY. Total revenues are projected to grow in tandem 75.4% to 94.2% YOY.Source: InsideEVs (NIO)At the same time, its scale helps it to maintain healthy operation efficiency as you can see from the following comparison of its asset utilization (\"AU\") against its domestic peer XPeng (XPEV) and U.S. peer Ford (F). NIO's AU current stands at 0.50x, slightly below its long-term average of 0.517x largely due to the lockdowns in China due to recent COVID case resurgences. Despite the recent decline in its AU, it is still above XPEV's 0.47x and comparable to F's long-term average levels.Source: Seeking Alpha dataMargin pressure and lack of profitHowever, the business has been suffering margin pressure on the bottom line and is yet to earn a positive profit. As seen, its gross profit margin (\"GPM\") peaked around 18% during 2H of 2021, surpassing Ford. But recently, the GPM has been under pressure and contracted to the current level of 13% by about 500 basis points. Now its GPM is lower than F's 17.4% by a good gap (although still better than XPEV's 10.8%). In terms of profit margin, as shown in the bottom panel, the picture is even more concerning. Its net profit margin has always been in the negatives and is -26.7% currently.Source: Seeking Alpha dataThe picture does not improve as we broaden the view to include other metrics as seen in the chart below. Its metrics are negative across the board ranging from EBIT margin, EBITDA margin, and FCF margin.Looking forward, I see a few key headwinds to keep its profits in the negative besides the macroeconomic factors. First, I expect the capital requirements to continue as it pursues the expansion of charging infrastructures. And note that its cash from operations sat at only $309M, far from being able to meet such requirements. To satisfy customers' needs, management will need to keep spending on both battery swap stations and also charging stations. Secondly, I expect some of its manufacturing problems and also the global supply chain disruptions to persist. For example, it reported early about an issue involving the low yield rate of its mega-casting parts with its suppliers. This seemingly arcane issue actually can bottleneck its production ramp-up and efficiency, and it will take NIO time to solve its or find alternative suppliers amid supply chain disruptions.Next, we will see that despite the lack of profit, the stock is still valued at an elevated level despite the large price corrections.Source: Seeking Alpha dataValuation still too expensiveIn terms of valuation, NIO is still trading at a large premium both in absolute and relative terms. Its lack of profit makes bottom-line oriented metric meaningless as seen in the chart below. Even FY3 PE stands at 163x, compare to about 6~7x for F. Furthermore, because of the many headwinds as analyzed above and its mixed Q3 results, its earnings outlook is both bleak and highly uncertain as reflected in the consensus estimates in the second chart below. NIO's earnings revisions for the last 3 months paint a highly pessimistic and uncertain picture. A total of 11 analysts submitted EPS forecasts, and a total of 9 analysts revised the EPS downward by as much as 70% to 95% in 2024.Using top-line valuation metrics, its P/Sales ratio is still at 2.5x despite the price corrections, on par with the S&P 500 index, about 2x higher than XPEV's 1.3x, and 7.1x higher than F's 0.35x. I found such a valuation unjustifiable given its lack of profit and the many headwinds it is facing. And again, its topline growth is highly uncertain too as reflected in the consensus estimates. A total of 21 analysts submitted revenue forecasts, and a total of 17 analysts revised the revenues downward.Source: Seeking Alpha dataSource: Seeking Alpha dataOther risks and final thoughtsTo conclude, in the long term, NIO could benefit from the secular shift in China towards EVs, its capacity ramp-up, and its strong branding relative to its domestic peers.However, I see too many strong forces in the near term to pressure the stock prices into the single-digit range. The stock has yet to report a positive earnings. So far, it has been trapped in the dreaded vicious cycle: the more vehicles it sells, the more money it loses.The combination of elevated valuation and lack of net profit would also keep a lid on the stock prices. NIO had to temporarily suspend production at two of its plants in Hefei during Q3. And such suspensions are likely to recur in the near future. And finally, the stock may face the risk of securing new financing as its high CAPEX requirements persist while its organic earnings remain low or negative.","news_type":1,"symbols_score_info":{"NIO":0.9,"NIO.SI":0.9,"09866":0.9}},"isVote":1,"tweetType":1,"viewCount":573,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":237534581964840,"gmtCreate":1699027379608,"gmtModify":1699027383978,"author":{"id":"4120614206217952","authorId":"4120614206217952","name":"Warren01","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":11,"crmLevelSwitch":1,"followedFlag":false,"authorIdStr":"4120614206217952","idStr":"4120614206217952"},"themes":[],"htmlText":"Good good good good good&nbsp;","listText":"Good good good good good&nbsp;","text":"Good good good good 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