On CNBC’s “Halftime Report Final Trades,” Stephen Weiss of Short Hills Capital Partners revealed his short position on Tesla, Inc. (TSLA).
Tesla, the electric vehicle manufacturer, encountered a staggering 12% decline in its shares on Thursday following underwhelming fourth-quarter financial results, as its revenue of $25.17 billion, up a mere 3% year-over-year, missed the Street consensus estimate of $25.62 billion. This lackluster performance was coupled with earnings per share of 71 cents, falling short of the consensus 74 cents per share.
Meanwhile, Bill Baruch of Blue Line Futures endorsed Southern Copper Corporation (SCCO) as his final trade. Notably, on Nov. 27, Morgan Stanley’s analyst Carlos De Alba issued a downgrade from Equal-Weight to Underweight and slashed the price target from $83 to $68.
Joshua Brown of Ritholtz Wealth Management chose to highlight Uber Technologies, Inc. (UBER), which soared to a new all-time high. Despite this, Gordon Haskett analyst Robert Mollins recently downgraded Uber Technologies from Buy to Hold and set a $66 price target.
Price Action
- Tesla shares dipped 12.1% to close at $182.63.
- Southern Copper shares rose 0.7% to close at $83.82 on Thursday.
- Uber shares gained 3.5% to settle at $66.00 during Thursday’s session.