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Goldman Sachs loses legal fight against EU cartel fine

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7 Stocks To Watch For January 27, 2021

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million euros ($127 million) by EU antitrust regulators in 2014 for taking part in a cartel with 10 other cable makers.</p><p>Its penalty included a joint fine of 37.3 million euros with Goldman Sachs, which had acquired the Italian company via <a href=\"https://laohu8.com/S/AONE\">one</a> of its private equity funds in 2005 but has since sold its holding.</p><p>The European Commission in its 2014 decision said Goldman Sachs, as the parent company, had decisive influence over Prysmian. 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A lower EU tribunal in 2018 backed its argument.</p><p>The Luxembourg-based Court of Justice of the European Union (CJEU) agreed with the reasoning and rejected Goldman Sachs' appeal.</p><p>\"The General Court did not err in law in finding that, in the present case, the Commission was entitled to rely on a presumption of actual exercise of decisive influence in order to establish the appellant's liability for the infringement at issue in relation to the pre-IPO period,\" CJEU judges said.</p><p>The case is C-595/18 P The Goldman Sachs Group v Commission.</p><p>($1 = 0.8232 euros)</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GS":"高盛"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2106028900","content_text":"BRUSSELS, Jan 27 (Reuters) - U.S. investment bank Goldman Sachs on Wednesday lost its fight against an EU cartel fine handed down to its former Italian subsidiary and cable maker Prysmian after Europe's top court said it was liable for the actions of the unit.Prysmian was fined 104.6 million euros ($127 million) by EU antitrust regulators in 2014 for taking part in a cartel with 10 other cable makers.Its penalty included a joint fine of 37.3 million euros with Goldman Sachs, which had acquired the Italian company via one of its private equity funds in 2005 but has since sold its holding.The European Commission in its 2014 decision said Goldman Sachs, as the parent company, had decisive influence over Prysmian. A lower EU tribunal in 2018 backed its argument.The Luxembourg-based Court of Justice of the European Union (CJEU) agreed with the reasoning and rejected Goldman Sachs' appeal.\"The General Court did not err in law in finding that, in the present case, the Commission was entitled to rely on a presumption of actual exercise of decisive influence in order to establish the appellant's liability for the infringement at issue in relation to the pre-IPO period,\" CJEU judges said.The case is C-595/18 P The Goldman Sachs Group v Commission.($1 = 0.8232 euros)","news_type":1},"isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":311219799,"gmtCreate":1611798396211,"gmtModify":1703753994020,"author":{"id":"3574734870218282","authorId":"3574734870218282","name":"76cbdc5","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"authorIdStr":"3574734870218282","idStr":"3574734870218282"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/311219799","repostId":"2106818182","repostType":4,"repost":{"id":"2106818182","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1611743811,"share":"https://www.laohu8.com/m/news/2106818182?lang=&edition=full","pubTime":"2021-01-27 18:36","market":"us","language":"en","title":"7 Stocks To Watch For January 27, 2021","url":"https://stock-news.laohu8.com/highlight/detail?id=2106818182","media":"Benzinga","summary":"Some of the stocks that may grab investor focus today are:","content":"<p>Some of the stocks that may grab investor focus today are:</p>\n<ul>\n <li>Wall Street expects <b>Boeing Co</b> (NYSE:BA) to report quarterly loss at $1.80 per share on revenue of $15.07 billion before the opening bell. Boeing shares gained 0.1% to $202.30 in after-hours trading.</li>\n <li>Analysts are expecting <b> Apple Inc</b> (NASDAQ:AAPL) to have earned $1.41 per share on revenue of $103.28 billion for the latest quarter. The iPhone maker will release earnings after the markets close. Apple shares gained 1.3% to $145.02 in after-hours trading.</li>\n <li><b>Microsoft Corporation</b> (NASDAQ:MSFT) reported stronger-than-expected results for its second quarter on Tuesday. Microsoft shares climbed 3.7% to $240.92 in the after-hours trading session.</li>\n <li>Analysts expect <b> <a href=\"https://laohu8.com/S/FB\">Facebook</a>, Inc.</b> (NASDAQ:FB) to report quarterly earnings at $3.21 per share on revenue of $26.41 billion after the closing bell. Facebook shares rose 1.5% to $286.40 in after-hours trading.</li>\n</ul>\n<p><i>Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.</i></p>\n<p><i>Choosing the best broker is an important part of being a successful trader or investor</i></p>\n<ul>\n <li><b>Starbucks Corporation</b> (NASDAQ:SBUX) reported weaker-than-expected sales for its first quarter and also issued weak earnings guidance for the current quarter. The company’s global comparable store sales also declined 5%. Starbucks shares fell 1.7% to $102.95 in the after-hours trading session.</li>\n <li>After the closing bell, <b> Tesla Inc</b> (NASDAQ:TSLA) is projected to post quarterly earnings at $1.01 per share on revenue of $10.32 billion. Tesla shares rose 0.6% to $887.91 in after-hours trading.</li>\n <li>Analysts expect <b> AT&amp;T Inc.</b> (NYSE:T) to post quarterly earnings at $0.73 per share on revenue of $44.55 billion before the opening bell. AT&amp;T shares gained 2.2% to close at $29.75 in after-hours trading.</li>\n</ul>","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>7 Stocks To Watch For January 27, 2021</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\">\n7 Stocks To Watch For January 27, 2021\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/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-01-27 18:36</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p>Some of the stocks that may grab investor focus today are:</p>\n<ul>\n <li>Wall Street expects <b>Boeing Co</b> (NYSE:BA) to report quarterly loss at $1.80 per share on revenue of $15.07 billion before the opening bell. Boeing shares gained 0.1% to $202.30 in after-hours trading.</li>\n <li>Analysts are expecting <b> Apple Inc</b> (NASDAQ:AAPL) to have earned $1.41 per share on revenue of $103.28 billion for the latest quarter. The iPhone maker will release earnings after the markets close. Apple shares gained 1.3% to $145.02 in after-hours trading.</li>\n <li><b>Microsoft Corporation</b> (NASDAQ:MSFT) reported stronger-than-expected results for its second quarter on Tuesday. Microsoft shares climbed 3.7% to $240.92 in the after-hours trading session.</li>\n <li>Analysts expect <b> <a href=\"https://laohu8.com/S/FB\">Facebook</a>, Inc.</b> (NASDAQ:FB) to report quarterly earnings at $3.21 per share on revenue of $26.41 billion after the closing bell. Facebook shares rose 1.5% to $286.40 in after-hours trading.</li>\n</ul>\n<p><i>Find out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.</i></p>\n<p><i>Choosing the best broker is an important part of being a successful trader or investor</i></p>\n<ul>\n <li><b>Starbucks Corporation</b> (NASDAQ:SBUX) reported weaker-than-expected sales for its first quarter and also issued weak earnings guidance for the current quarter. The company’s global comparable store sales also declined 5%. Starbucks shares fell 1.7% to $102.95 in the after-hours trading session.</li>\n <li>After the closing bell, <b> Tesla Inc</b> (NASDAQ:TSLA) is projected to post quarterly earnings at $1.01 per share on revenue of $10.32 billion. Tesla shares rose 0.6% to $887.91 in after-hours trading.</li>\n <li>Analysts expect <b> AT&amp;T Inc.</b> (NYSE:T) to post quarterly earnings at $0.73 per share on revenue of $44.55 billion before the opening bell. AT&amp;T shares gained 2.2% to close at $29.75 in after-hours trading.</li>\n</ul>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"SBUX":"星巴克","TSLA":"特斯拉","09086":"华夏纳指-U","T":"美国电话电报","03086":"华夏纳指","BA":"波音","QNETCN":"纳斯达克中美互联网老虎指数","AAPL":"苹果","MSFT":"微软"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2106818182","content_text":"Some of the stocks that may grab investor focus today are:\n\nWall Street expects Boeing Co (NYSE:BA) to report quarterly loss at $1.80 per share on revenue of $15.07 billion before the opening bell. Boeing shares gained 0.1% to $202.30 in after-hours trading.\nAnalysts are expecting  Apple Inc (NASDAQ:AAPL) to have earned $1.41 per share on revenue of $103.28 billion for the latest quarter. The iPhone maker will release earnings after the markets close. Apple shares gained 1.3% to $145.02 in after-hours trading.\nMicrosoft Corporation (NASDAQ:MSFT) reported stronger-than-expected results for its second quarter on Tuesday. Microsoft shares climbed 3.7% to $240.92 in the after-hours trading session.\nAnalysts expect  Facebook, Inc. (NASDAQ:FB) to report quarterly earnings at $3.21 per share on revenue of $26.41 billion after the closing bell. Facebook shares rose 1.5% to $286.40 in after-hours trading.\n\nFind out what's going on in today's market and bring any questions you have to Benzinga's PreMarket Prep.\nChoosing the best broker is an important part of being a successful trader or investor\n\nStarbucks Corporation (NASDAQ:SBUX) reported weaker-than-expected sales for its first quarter and also issued weak earnings guidance for the current quarter. The company’s global comparable store sales also declined 5%. Starbucks shares fell 1.7% to $102.95 in the after-hours trading session.\nAfter the closing bell,  Tesla Inc (NASDAQ:TSLA) is projected to post quarterly earnings at $1.01 per share on revenue of $10.32 billion. Tesla shares rose 0.6% to $887.91 in after-hours trading.\nAnalysts expect  AT&T Inc. (NYSE:T) to post quarterly earnings at $0.73 per share on revenue of $44.55 billion before the opening bell. AT&T shares gained 2.2% to close at $29.75 in after-hours trading.","news_type":1},"isVote":1,"tweetType":1,"viewCount":774,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"authorIdStr":"3527667803686145","idStr":"3527667803686145"},"content":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引","text":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引","html":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引"}],"imageCount":0,"langContent":"CN","totalScore":0}],"hots":[{"id":311219799,"gmtCreate":1611798396211,"gmtModify":1703753994020,"author":{"id":"3574734870218282","authorId":"3574734870218282","name":"76cbdc5","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574734870218282","authorIdStr":"3574734870218282"},"themes":[],"htmlText":"Good","listText":"Good","text":"Good","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://laohu8.com/post/311219799","repostId":"2106818182","repostType":4,"isVote":1,"tweetType":1,"viewCount":774,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3527667803686145","authorId":"3527667803686145","name":"社区成长助手","avatar":"https://static.tigerbbs.com/2b7c7106b5c0c8b0037faa67439d898f","crmLevel":1,"crmLevelSwitch":0,"idStr":"3527667803686145","authorIdStr":"3527667803686145"},"content":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引","text":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引","html":"终于等到了您的初发帖[比心][比心]发帖时关联相关股票或者相关话题，可以获得更多曝光哦～如果您想创作优质文章，请查看老虎社区创作指引"}],"imageCount":0,"langContent":"CN","totalScore":0},{"id":318426109,"gmtCreate":1611885673901,"gmtModify":1703755637873,"author":{"id":"3574734870218282","authorId":"3574734870218282","name":"76cbdc5","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574734870218282","authorIdStr":"3574734870218282"},"themes":[],"htmlText":"Interesting&nbsp;","listText":"Interesting&nbsp;","text":"Interesting","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/318426109","repostId":"1164966993","repostType":4,"repost":{"id":"1164966993","pubTimestamp":1611820885,"share":"https://www.laohu8.com/m/news/1164966993?lang=&edition=full","pubTime":"2021-01-28 16:01","market":"us","language":"en","title":"Tesla Guides for 50% Growth in Deliveries","url":"https://stock-news.laohu8.com/highlight/detail?id=1164966993","media":"The street","summary":"Elon Musk automaker reports first annual profit, though fourth-quarter earnings miss expectations.Tesla Inc  -Get Report  said it sees deliveries growing at least 50% in 2021, while it reported fourth-quarter earnings below estimates after the bell Thursday.Tesla didn't provide specific deliveries guidance for 2021, but said it expects 50% average annual deliveries growth \"over a multi-year horizon.\" The company added that \"In some years we may grow faster, which we expect to be the case in 2021","content":"<p>Elon Musk automaker reports first annual profit, though fourth-quarter earnings miss expectations.</p>\n<p>Tesla Inc&nbsp;(<b>TSLA</b>) -Get Report&nbsp; said it sees deliveries growing at least 50% in 2021, while it reported fourth-quarter earnings below estimates after the bell Thursday.</p>\n<p>The company posted fourth-quarter non-GAAP earnings of 80 cents a share on revenue of $10.74 billion.</p>\n<p>In the latest quarter, the company had been expected to report a profit of $1.02 a share, on sales of $10.5 billion, based on a FactSet survey of 20 analysts.</p>\n<p>In the same period a year ago, the company posted earnings of 42.8 cents a share on sales of $7.4 billion.</p>\n<p>While the earnings missed expectations, they did cap the first full calendar year of profitability for&nbsp;Elon Musk’s electric vehicle maker.</p>\n<p>Tesla didn't provide specific deliveries guidance for 2021, but said it expects&nbsp;50% average annual deliveries growth \"over a multi-year horizon.\" The company added that \"In some years we may grow faster, which we expect to be the case in 2021.\"</p>\n<p>Tesla delivered just under 500,000 vehicles in 2020, suggesting that it sees this year's numbers topping 750,000.&nbsp;Analysts are looking for deliveries of 800,000 vehicles in 2021, Bloomberg reported.</p>\n<p>The stock has risen 109% since the company last reported earnings on Oct. 21.</p>\n<p>Tesla’s China operations contributed significantly to the year’s performance, as its Shanghai Gigafactory ramped up production quickly after coming online early in the first quarter of 2020. The China operation contributed&nbsp; nearly a third of Tesla’s&nbsp; deliveries in 2020. The plant is being expanded and has begun manufacturing Tesla’s Model Y SUV.</p>\n<p>The Model Y is expected to become the company’s best selling vehicle by 2022.&nbsp;Total deliveries of all vehicles are expected to surpass 1 million in 2022, according to Bloomberg.</p>\n<p>The company's electric pickup truck is expected to begin deliveries in the second half of 2021. Tesla said its semi truck will also begin delivery in 2021 and that&nbsp;it expects production to begin at its new gigafactories currently under construction in Austin, Texas and Berlin.</p>\n<p>Tesla's success in electric vehicles has drawn a slew of wannabe competitors including Nikola&nbsp;(<b>NKLA</b>) -Get Report, Hyliion HYLN and Lordstown Motors&nbsp;(<b>RIDE</b>) -Get Report. Shares of those three all surged Tuesday morning after President Joe Biden said he wants the federal government to eventually shift to all-electric vehicles. While Nikola shares gained 11.47% on the day, the other two stocks fell along with the broader market to end&nbsp; lower.</p>\n<p>Shares of Tesla fell $40, or 4.6%, to $824.16 in after-hours trading.&nbsp;In the regular session, the stock fell 2.1% amid a broad market selloff that saw the Dow Industrials lose more than 600 points.</p>","source":"lsy1610613172068","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 Guides for 50% Growth in Deliveries</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; 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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\">\nTesla Guides for 50% Growth in Deliveries\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-01-28 16:01 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.thestreet.com/investing/earnings/tesla-guides-for-50-growth-in-deliveries><strong>The street</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Elon Musk automaker reports first annual profit, though fourth-quarter earnings miss expectations.\nTesla Inc (TSLA) -Get Report  said it sees deliveries growing at least 50% in 2021, while it reported...</p>\n\n<a href=\"https://www.thestreet.com/investing/earnings/tesla-guides-for-50-growth-in-deliveries\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{},"source_url":"https://www.thestreet.com/investing/earnings/tesla-guides-for-50-growth-in-deliveries","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1164966993","content_text":"Elon Musk automaker reports first annual profit, though fourth-quarter earnings miss expectations.\nTesla Inc (TSLA) -Get Report  said it sees deliveries growing at least 50% in 2021, while it reported fourth-quarter earnings below estimates after the bell Thursday.\nThe company posted fourth-quarter non-GAAP earnings of 80 cents a share on revenue of $10.74 billion.\nIn the latest quarter, the company had been expected to report a profit of $1.02 a share, on sales of $10.5 billion, based on a FactSet survey of 20 analysts.\nIn the same period a year ago, the company posted earnings of 42.8 cents a share on sales of $7.4 billion.\nWhile the earnings missed expectations, they did cap the first full calendar year of profitability for Elon Musk’s electric vehicle maker.\nTesla didn't provide specific deliveries guidance for 2021, but said it expects 50% average annual deliveries growth \"over a multi-year horizon.\" The company added that \"In some years we may grow faster, which we expect to be the case in 2021.\"\nTesla delivered just under 500,000 vehicles in 2020, suggesting that it sees this year's numbers topping 750,000. Analysts are looking for deliveries of 800,000 vehicles in 2021, Bloomberg reported.\nThe stock has risen 109% since the company last reported earnings on Oct. 21.\nTesla’s China operations contributed significantly to the year’s performance, as its Shanghai Gigafactory ramped up production quickly after coming online early in the first quarter of 2020. The China operation contributed  nearly a third of Tesla’s  deliveries in 2020. The plant is being expanded and has begun manufacturing Tesla’s Model Y SUV.\nThe Model Y is expected to become the company’s best selling vehicle by 2022. Total deliveries of all vehicles are expected to surpass 1 million in 2022, according to Bloomberg.\nThe company's electric pickup truck is expected to begin deliveries in the second half of 2021. Tesla said its semi truck will also begin delivery in 2021 and that it expects production to begin at its new gigafactories currently under construction in Austin, Texas and Berlin.\nTesla's success in electric vehicles has drawn a slew of wannabe competitors including Nikola (NKLA) -Get Report, Hyliion HYLN and Lordstown Motors (RIDE) -Get Report. Shares of those three all surged Tuesday morning after President Joe Biden said he wants the federal government to eventually shift to all-electric vehicles. While Nikola shares gained 11.47% on the day, the other two stocks fell along with the broader market to end  lower.\nShares of Tesla fell $40, or 4.6%, to $824.16 in after-hours trading. In the regular session, the stock fell 2.1% amid a broad market selloff that saw the Dow Industrials lose more than 600 points.","news_type":1},"isVote":1,"tweetType":1,"viewCount":561,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0},{"id":311213094,"gmtCreate":1611798427018,"gmtModify":1703753994532,"author":{"id":"3574734870218282","authorId":"3574734870218282","name":"76cbdc5","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":1,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3574734870218282","authorIdStr":"3574734870218282"},"themes":[],"htmlText":"👍&nbsp;","listText":"👍&nbsp;","text":"👍","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://laohu8.com/post/311213094","repostId":"2106028900","repostType":4,"isVote":1,"tweetType":1,"viewCount":590,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"CN","totalScore":0}],"lives":[]}