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Verns
2021-04-27
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Verns
2021-04-27
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Verns
2021-04-27
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Apple Earnings Day: 3 Predictions On Apple Stock Price Moves
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09:40","market":"us","language":"en","title":"Apple Earnings Day: 3 Predictions On Apple Stock Price Moves","url":"https://stock-news.laohu8.com/highlight/detail?id=1158262395","media":"TheStreet","summary":"Will Apple stock price rise once the company reports results? The Apple Maven reviews the base-, bes","content":"<p>Will Apple stock price rise once the company reports results? The Apple Maven reviews the base-, best- and worst-case scenarios for Apple investors after earnings.</p>\n<p>Apple’s earnings day is finally here! On April 28, after the closing bell, the Cupertino company will release the results of its fiscal second quarter.</p>\n<p>Below is a summary of the Apple Maven’s last preview articles ahead of earnings. So far, we have covered the following key topics:</p>\n<ul>\n <li>April 28 is the big day, so mark your calendars. The Apple Maven will review the Apple earnings report, conference call and Apple stock reaction via live blog, starting at 4 p.m. EST;</li>\n <li>Wall Street analysts expect to see outstanding numbers: revenues should climb 32% year-over-year, and earnings per share could reach as high as 53%;</li>\n <li>I believe that one of two product segments will shine brighter than the rest.The iPhone, for example, should benefit from a solid lineup and easy comps. Expect strong-double digit growth.</li>\n <li>The Mac is the other candidate for most successful segment in the quarter. Apple’s PC sales could rise by 50% or more, also over easy 2020 comps;</li>\n <li>Probably facing more of an uphill battle will be the iPad. Industry-wide tablet sales should fall double digits this quarter. The good news is that Apple could do better than peer average.</li>\n <li>If history serves as a guide, investors should be optimistic. Apple stock has gained three times more in the two weeks following earnings day than during other, non-earnings related weeks.</li>\n</ul>\n<p>Today, I turn my attention to the very tricky topic of post-earnings share price movements. Will Apple stock react positively to earnings day news? Below are three possibilities.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/229df7516f081f1206d3b7d6a7d4157c\" tg-width=\"1240\" tg-height=\"703\"><span>Figure 1: iPhone lineup.</span></p>\n<p>Base case: Apple stock $132-$136</p>\n<p>It is most likely that Apple will deliver record-breaking results this time. A confluence of positive factors should support the company’s financial performance: a strong product and service lineup, lingering effects of the stay-at-home economy, and strength of the US consumer.</p>\n<p>The big question, however, is whether the market will reward the stock after earnings. Wall Street analysts have already raised their expectations.According to Stock Rover, earnings per share (EPS) consensus has climbed nearly 10% since last earnings season, to a fiscal second quarter record $0.98.</p>\n<p>Apple’s valuations have also been rising, as the chart below depicts. While metrics like price-to-earnings (P/E) have come down since late January, they remain near all-time highs.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/2159db2e22f9c952fae20fb5f91e71ac\" tg-width=\"1240\" tg-height=\"464\"><span>Figure 2: AAPL's historical valuation multiples.</span></p>\n<p>As a base-case scenario, I believe that Apple will deliver the goods, but the stock will struggle to climb to fresh peaks. I expect to see share price of $132 to $136 on Thursday morning, at the open, absent major developments.</p>\n<p><b>Best case: Apple stock above $140</b></p>\n<p>But instead, could Apple stock march towards peak levels once again? The answer is yes, of course, provided that one or a few of the following end up happening:</p>\n<ul>\n <li>Blowout fiscal second quarter results. The numbers would have to suggest not only strong past performance, but optimism for what lies ahead;</li>\n <li>Reinstatement of guidance. Apple’s management team stopped providing its next-quarter outlook when the pandemic started, in fiscal second quarter 2020;</li>\n <li>A bump in cash return to shareholders.Acceleration of Apple’s buyback program or a higher-than-average increase in the dividend payment could do the trick.</li>\n</ul>\n<p>As a best-case scenario, fiscal second quarter results and the outlook for the rest of the year could be so strong as to cause the current 2021 EPS estimate of $4.44 to be revised higher. This could propel Apple share price. A post-earnings gain of at least 7% would represent fresh all-time highs.</p>\n<p><b>Worst case: Apple stock below $130</b></p>\n<p>Flip the assumptions above, and we have a worst-case scenario for Apple stock: (1) results that are good, but below or barely at expectations; (2) no guidance for fiscal third quarter; (3) status-quo dividend and buyback announcements.</p>\n<p>I find it unlikely that Apple share price will drop precipitously, considering the strong momentum of the business and the apparent support at $120 per share in 2021 (see dotted red arrow below). But a decline to less than $130 apiece, levels reached as recently as early April, is not out of question.</p>\n<p class=\"t-img-caption\"><img src=\"https://static.tigerbbs.com/cdef79f0e6e2aa074430d9d972639b39\" tg-width=\"1240\" tg-height=\"649\"><span>Figure 3: AAPL's share price in the past 12 months.</span></p>\n<p><b>Watch Apple’s peers</b></p>\n<p>By the time Apple is ready to release earnings, on Wednesday, some of its peers will have done so already: Tesla on Monday and Microsoft on Tuesday are key examples.</p>\n<p>Keep an eye on market reaction to these two reports. Great results coupled with muted stock price movement could be a bad sign for Apple. Big gains, on the other hand, could be bullish for the Cupertino company’s stock.</p>","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>Apple Earnings Day: 3 Predictions On Apple Stock Price Moves</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\">\nApple Earnings Day: 3 Predictions On Apple Stock Price Moves\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-04-27 09:40 GMT+8 <a href=https://www.thestreet.com/apple/news/apple-earnings-day-3-predictions-on-apple-stock-price-moves><strong>TheStreet</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Will Apple stock price rise once the company reports results? The Apple Maven reviews the base-, best- and worst-case scenarios for Apple investors after earnings.\nApple’s earnings day is finally here...</p>\n\n<a href=\"https://www.thestreet.com/apple/news/apple-earnings-day-3-predictions-on-apple-stock-price-moves\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"AAPL":"苹果"},"source_url":"https://www.thestreet.com/apple/news/apple-earnings-day-3-predictions-on-apple-stock-price-moves","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1158262395","content_text":"Will Apple stock price rise once the company reports results? The Apple Maven reviews the base-, best- and worst-case scenarios for Apple investors after earnings.\nApple’s earnings day is finally here! On April 28, after the closing bell, the Cupertino company will release the results of its fiscal second quarter.\nBelow is a summary of the Apple Maven’s last preview articles ahead of earnings. So far, we have covered the following key topics:\n\nApril 28 is the big day, so mark your calendars. The Apple Maven will review the Apple earnings report, conference call and Apple stock reaction via live blog, starting at 4 p.m. EST;\nWall Street analysts expect to see outstanding numbers: revenues should climb 32% year-over-year, and earnings per share could reach as high as 53%;\nI believe that one of two product segments will shine brighter than the rest.The iPhone, for example, should benefit from a solid lineup and easy comps. Expect strong-double digit growth.\nThe Mac is the other candidate for most successful segment in the quarter. Apple’s PC sales could rise by 50% or more, also over easy 2020 comps;\nProbably facing more of an uphill battle will be the iPad. Industry-wide tablet sales should fall double digits this quarter. The good news is that Apple could do better than peer average.\nIf history serves as a guide, investors should be optimistic. Apple stock has gained three times more in the two weeks following earnings day than during other, non-earnings related weeks.\n\nToday, I turn my attention to the very tricky topic of post-earnings share price movements. Will Apple stock react positively to earnings day news? Below are three possibilities.\nFigure 1: iPhone lineup.\nBase case: Apple stock $132-$136\nIt is most likely that Apple will deliver record-breaking results this time. A confluence of positive factors should support the company’s financial performance: a strong product and service lineup, lingering effects of the stay-at-home economy, and strength of the US consumer.\nThe big question, however, is whether the market will reward the stock after earnings. Wall Street analysts have already raised their expectations.According to Stock Rover, earnings per share (EPS) consensus has climbed nearly 10% since last earnings season, to a fiscal second quarter record $0.98.\nApple’s valuations have also been rising, as the chart below depicts. While metrics like price-to-earnings (P/E) have come down since late January, they remain near all-time highs.\nFigure 2: AAPL's historical valuation multiples.\nAs a base-case scenario, I believe that Apple will deliver the goods, but the stock will struggle to climb to fresh peaks. I expect to see share price of $132 to $136 on Thursday morning, at the open, absent major developments.\nBest case: Apple stock above $140\nBut instead, could Apple stock march towards peak levels once again? The answer is yes, of course, provided that one or a few of the following end up happening:\n\nBlowout fiscal second quarter results. The numbers would have to suggest not only strong past performance, but optimism for what lies ahead;\nReinstatement of guidance. Apple’s management team stopped providing its next-quarter outlook when the pandemic started, in fiscal second quarter 2020;\nA bump in cash return to shareholders.Acceleration of Apple’s buyback program or a higher-than-average increase in the dividend payment could do the trick.\n\nAs a best-case scenario, fiscal second quarter results and the outlook for the rest of the year could be so strong as to cause the current 2021 EPS estimate of $4.44 to be revised higher. This could propel Apple share price. A post-earnings gain of at least 7% would represent fresh all-time highs.\nWorst case: Apple stock below $130\nFlip the assumptions above, and we have a worst-case scenario for Apple stock: (1) results that are good, but below or barely at expectations; (2) no guidance for fiscal third quarter; (3) status-quo dividend and buyback announcements.\nI find it unlikely that Apple share price will drop precipitously, considering the strong momentum of the business and the apparent support at $120 per share in 2021 (see dotted red arrow below). But a decline to less than $130 apiece, levels reached as recently as early April, is not out of question.\nFigure 3: AAPL's share price in the past 12 months.\nWatch Apple’s peers\nBy the time Apple is ready to release earnings, on Wednesday, some of its peers will have done so already: Tesla on Monday and Microsoft on Tuesday are key examples.\nKeep an eye on market reaction to these two reports. Great results coupled with muted stock price movement could be a bad sign for Apple. Big gains, on the other hand, could be bullish for the Cupertino company’s stock.","news_type":1},"isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":377992827,"gmtCreate":1619487930169,"gmtModify":1704724755254,"author":{"id":"3574678182792668","authorId":"3574678182792668","name":"Verns","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574678182792668","authorIdStr":"3574678182792668"},"themes":[],"htmlText":"Nice","listText":"Nice","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377992827","repostId":"1158262395","repostType":4,"isVote":1,"tweetType":1,"viewCount":273,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377939799,"gmtCreate":1619488173911,"gmtModify":1704724763834,"author":{"id":"3574678182792668","authorId":"3574678182792668","name":"Verns","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574678182792668","authorIdStr":"3574678182792668"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377939799","repostId":"2130343689","repostType":4,"repost":{"id":"2130343689","kind":"news","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":1619467800,"share":"https://ttm.financial/m/news/2130343689?lang=&edition=fundamental","pubTime":"2021-04-27 04:10","market":"us","language":"en","title":"Lyft sells self-driving tech unit to Toyota for $550 million, moves up profit timeline","url":"https://stock-news.laohu8.com/highlight/detail?id=2130343689","media":"Reuters","summary":"(Reuters) - Lyft Inc will sell its self-driving technology unit to Toyota Motor Corp in a $550 milli","content":"<p>(Reuters) - Lyft Inc will sell its self-driving technology unit to Toyota Motor Corp in a $550 million deal, the companies said on Monday, allowing the ride-hail company to hit its profitability target <a href=\"https://laohu8.com/S/AONE\">one</a> quarter earlier.</p>\n<p>The sale of Level 5 to Toyota's Woven Planet division will allow Lyft to focus on partnerships with self-driving companies that want to deploy their technology on its platform, rather than develop costly technology that has yet to be put to wide-scale use.</p>\n<p>Lyft will receive $200 million cash upfront, with the remaining $350 million paid over five years, the companies said. The deal is expected to close in the third quarter.</p>\n<p>Lyft did not immediately say how it plans to invest the funds. But the sale will allow Lyft to report third-quarter profit on an adjusted basis of earnings before interest, taxes, depreciation and amortization as long as the company continues to recover from the coronavirus pandemic, it noted.</p>\n<p>Woven Planet, which Toyota set up in January to develop connected vehicle, autonomous and semi-autonomous driving technology, will take over all of the more than 300 employees of Level 5.</p>\n<p>The sale comes at a time of increasing consolidation in the capital-intensive self-driving industry.</p>\n<p>Uber Technologies Inc, Lyft's larger ride-hail rival, in December announced the sale of its self-driving division to car startup Aurora at a steep drop in valuation.</p>\n<p>The sales allow the companies to offload cash-burning side businesses and focus on reviving their core divisions following a bruising pandemic year.</p>\n<p>Lyft said it would now focus on what it could do best with autonomous vehicles, by offering services such as consumer interface and managing, and maintaining and cleaning partners' autonomous vehicle fleets, which could mean added revenue.</p>\n<p>Lyft allows consumers to book rides in self-driving vehicles in select cities in partnerships with Alphabet Inc's Waymo and Motional, the joint venture between Hyundai Motor Co and Aptiv.</p>\n<p>It will continue to collect real-world driving data through some 10,000 vehicles it rents out to consumers and ride-hail drivers. The data is valuable for the development of self-driving vehicles that Woven Planet will have access to under the deal.</p>\n<p>But Lyft also believes human ride-hail drivers will remain important for the foreseeable future to serve customers during peak demand periods, bad weather, or in areas that self-driving cars are unable to navigate.</p>","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>Lyft sells self-driving tech unit to Toyota for $550 million, moves up profit timeline</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\">\nLyft sells self-driving tech unit to Toyota for $550 million, moves up profit timeline\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\">2021-04-27 04:10</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - Lyft Inc will sell its self-driving technology unit to Toyota Motor Corp in a $550 million deal, the companies said on Monday, allowing the ride-hail company to hit its profitability target <a href=\"https://laohu8.com/S/AONE\">one</a> quarter earlier.</p>\n<p>The sale of Level 5 to Toyota's Woven Planet division will allow Lyft to focus on partnerships with self-driving companies that want to deploy their technology on its platform, rather than develop costly technology that has yet to be put to wide-scale use.</p>\n<p>Lyft will receive $200 million cash upfront, with the remaining $350 million paid over five years, the companies said. The deal is expected to close in the third quarter.</p>\n<p>Lyft did not immediately say how it plans to invest the funds. But the sale will allow Lyft to report third-quarter profit on an adjusted basis of earnings before interest, taxes, depreciation and amortization as long as the company continues to recover from the coronavirus pandemic, it noted.</p>\n<p>Woven Planet, which Toyota set up in January to develop connected vehicle, autonomous and semi-autonomous driving technology, will take over all of the more than 300 employees of Level 5.</p>\n<p>The sale comes at a time of increasing consolidation in the capital-intensive self-driving industry.</p>\n<p>Uber Technologies Inc, Lyft's larger ride-hail rival, in December announced the sale of its self-driving division to car startup Aurora at a steep drop in valuation.</p>\n<p>The sales allow the companies to offload cash-burning side businesses and focus on reviving their core divisions following a bruising pandemic year.</p>\n<p>Lyft said it would now focus on what it could do best with autonomous vehicles, by offering services such as consumer interface and managing, and maintaining and cleaning partners' autonomous vehicle fleets, which could mean added revenue.</p>\n<p>Lyft allows consumers to book rides in self-driving vehicles in select cities in partnerships with Alphabet Inc's Waymo and Motional, the joint venture between Hyundai Motor Co and Aptiv.</p>\n<p>It will continue to collect real-world driving data through some 10,000 vehicles it rents out to consumers and ride-hail drivers. The data is valuable for the development of self-driving vehicles that Woven Planet will have access to under the deal.</p>\n<p>But Lyft also believes human ride-hail drivers will remain important for the foreseeable future to serve customers during peak demand periods, bad weather, or in areas that self-driving cars are unable to navigate.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130343689","content_text":"(Reuters) - Lyft Inc will sell its self-driving technology unit to Toyota Motor Corp in a $550 million deal, the companies said on Monday, allowing the ride-hail company to hit its profitability target one quarter earlier.\nThe sale of Level 5 to Toyota's Woven Planet division will allow Lyft to focus on partnerships with self-driving companies that want to deploy their technology on its platform, rather than develop costly technology that has yet to be put to wide-scale use.\nLyft will receive $200 million cash upfront, with the remaining $350 million paid over five years, the companies said. The deal is expected to close in the third quarter.\nLyft did not immediately say how it plans to invest the funds. But the sale will allow Lyft to report third-quarter profit on an adjusted basis of earnings before interest, taxes, depreciation and amortization as long as the company continues to recover from the coronavirus pandemic, it noted.\nWoven Planet, which Toyota set up in January to develop connected vehicle, autonomous and semi-autonomous driving technology, will take over all of the more than 300 employees of Level 5.\nThe sale comes at a time of increasing consolidation in the capital-intensive self-driving industry.\nUber Technologies Inc, Lyft's larger ride-hail rival, in December announced the sale of its self-driving division to car startup Aurora at a steep drop in valuation.\nThe sales allow the companies to offload cash-burning side businesses and focus on reviving their core divisions following a bruising pandemic year.\nLyft said it would now focus on what it could do best with autonomous vehicles, by offering services such as consumer interface and managing, and maintaining and cleaning partners' autonomous vehicle fleets, which could mean added revenue.\nLyft allows consumers to book rides in self-driving vehicles in select cities in partnerships with Alphabet Inc's Waymo and Motional, the joint venture between Hyundai Motor Co and Aptiv.\nIt will continue to collect real-world driving data through some 10,000 vehicles it rents out to consumers and ride-hail drivers. The data is valuable for the development of self-driving vehicles that Woven Planet will have access to under the deal.\nBut Lyft also believes human ride-hail drivers will remain important for the foreseeable future to serve customers during peak demand periods, bad weather, or in areas that self-driving cars are unable to navigate.","news_type":1},"isVote":1,"tweetType":1,"viewCount":413,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0},{"id":377939025,"gmtCreate":1619488144667,"gmtModify":1704724761726,"author":{"id":"3574678182792668","authorId":"3574678182792668","name":"Verns","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":3,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574678182792668","authorIdStr":"3574678182792668"},"themes":[],"htmlText":"?","listText":"?","text":"?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/377939025","repostId":"2130454473","repostType":4,"repost":{"id":"2130454473","kind":"news","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":1619475840,"share":"https://ttm.financial/m/news/2130454473?lang=&edition=fundamental","pubTime":"2021-04-27 06:24","market":"us","language":"en","title":"Tesla's Elon Musk qualifies for $11 billion options payout","url":"https://stock-news.laohu8.com/highlight/detail?id=2130454473","media":"Reuters","summary":"(Reuters) - Tesla's quarterly report on Monday hit targets qualifying Chief Executive Elon Musk for ","content":"<p>(Reuters) - Tesla's quarterly report on Monday hit targets qualifying Chief Executive Elon Musk for two options payouts worth a combined $11 billion.</p>\n<p>The electric car maker beat Wall Street's expectations for first-quarter revenue and profit, boosted by record deliveries, robust demand from China and environmental credit sales.</p>\n<p>It reported quarterly revenue of $10.39 billion and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $1.84 billion, surpassing milestones that trigger the vesting of the fifth and sixth of 12 tranches of options granted to Musk in his 2018 pay package to buy discounted Tesla shares. (Graphic of options payout) https://tmsnrt.rs/3sW7Xrv</p>\n<p>Musk, who is also a major shareholder and CEO of rocket maker SpaceX, receives no salary at Tesla. His pay package requires Tesla's market capitalization and financial growth to hit a series of rising targets.</p>\n<p>Despite production that is a fraction of that of Toyota Motor Corp, Volkswagen or General Motors, Tesla has become by far the world’s most valuable car maker, with a market capitalization of $700 billion, compared with Toyota’s $250 billion.</p>\n<p>Tesla's shares have receded from record highs in 2021 after jumping more than eight-fold last year.</p>\n<p>GRAPHIC-Elon Musk's expanding payout - https://fingfx.thomsonreuters.com/gfx/mkt/dgkplyegovb/Pasted%20image%201619471409240.png</p>\n<p>Each tranche gives Musk the option to buy 8.4 million Tesla shares at $70 each, a discount of more than 90% from their current price. At Monday's price of $722, the shares from four previous tranches, plus the fifth and sixth tranches, could generate a profit of nearly $34 billion, or almost $6 billion per tranche.</p>\n<p>In its quarterly report after the bell, Tesla said it incurred an expense of $299 million related to Musk's pay package, \"driven by an increase in market capitalization and a new operational milestone becoming probable.\"</p>","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's Elon Musk qualifies for $11 billion options payout</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's Elon Musk qualifies for $11 billion options payout\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\">2021-04-27 06:24</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(Reuters) - Tesla's quarterly report on Monday hit targets qualifying Chief Executive Elon Musk for two options payouts worth a combined $11 billion.</p>\n<p>The electric car maker beat Wall Street's expectations for first-quarter revenue and profit, boosted by record deliveries, robust demand from China and environmental credit sales.</p>\n<p>It reported quarterly revenue of $10.39 billion and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $1.84 billion, surpassing milestones that trigger the vesting of the fifth and sixth of 12 tranches of options granted to Musk in his 2018 pay package to buy discounted Tesla shares. (Graphic of options payout) https://tmsnrt.rs/3sW7Xrv</p>\n<p>Musk, who is also a major shareholder and CEO of rocket maker SpaceX, receives no salary at Tesla. His pay package requires Tesla's market capitalization and financial growth to hit a series of rising targets.</p>\n<p>Despite production that is a fraction of that of Toyota Motor Corp, Volkswagen or General Motors, Tesla has become by far the world’s most valuable car maker, with a market capitalization of $700 billion, compared with Toyota’s $250 billion.</p>\n<p>Tesla's shares have receded from record highs in 2021 after jumping more than eight-fold last year.</p>\n<p>GRAPHIC-Elon Musk's expanding payout - https://fingfx.thomsonreuters.com/gfx/mkt/dgkplyegovb/Pasted%20image%201619471409240.png</p>\n<p>Each tranche gives Musk the option to buy 8.4 million Tesla shares at $70 each, a discount of more than 90% from their current price. At Monday's price of $722, the shares from four previous tranches, plus the fifth and sixth tranches, could generate a profit of nearly $34 billion, or almost $6 billion per tranche.</p>\n<p>In its quarterly report after the bell, Tesla said it incurred an expense of $299 million related to Musk's pay package, \"driven by an increase in market capitalization and a new operational milestone becoming probable.\"</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2130454473","content_text":"(Reuters) - Tesla's quarterly report on Monday hit targets qualifying Chief Executive Elon Musk for two options payouts worth a combined $11 billion.\nThe electric car maker beat Wall Street's expectations for first-quarter revenue and profit, boosted by record deliveries, robust demand from China and environmental credit sales.\nIt reported quarterly revenue of $10.39 billion and adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) of $1.84 billion, surpassing milestones that trigger the vesting of the fifth and sixth of 12 tranches of options granted to Musk in his 2018 pay package to buy discounted Tesla shares. (Graphic of options payout) https://tmsnrt.rs/3sW7Xrv\nMusk, who is also a major shareholder and CEO of rocket maker SpaceX, receives no salary at Tesla. His pay package requires Tesla's market capitalization and financial growth to hit a series of rising targets.\nDespite production that is a fraction of that of Toyota Motor Corp, Volkswagen or General Motors, Tesla has become by far the world’s most valuable car maker, with a market capitalization of $700 billion, compared with Toyota’s $250 billion.\nTesla's shares have receded from record highs in 2021 after jumping more than eight-fold last year.\nGRAPHIC-Elon Musk's expanding payout - https://fingfx.thomsonreuters.com/gfx/mkt/dgkplyegovb/Pasted%20image%201619471409240.png\nEach tranche gives Musk the option to buy 8.4 million Tesla shares at $70 each, a discount of more than 90% from their current price. At Monday's price of $722, the shares from four previous tranches, plus the fifth and sixth tranches, could generate a profit of nearly $34 billion, or almost $6 billion per tranche.\nIn its quarterly report after the bell, Tesla said it incurred an expense of $299 million related to Musk's pay package, \"driven by an increase in market capitalization and a new operational milestone becoming probable.\"","news_type":1},"isVote":1,"tweetType":1,"viewCount":259,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
