micron and tesla very bad news

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Always focus guys two videos in one day i had to do it we have some massive massive bad news unfortunately that’s come out about micron ticker symbol em you know a lot of you guys are invested in mu stocks some very very bad news about this one also some bad news about tesla both these stocks got hammer today microns down five six percent tesla was down over seven

Percent so some very bad news let’s just get into this guy’s micron shares tumble after rival says a chinese court banned chip sales all right if you don’t ever already know basically last week it was easy last week of the week before i post a video on this channel called this is a massive threat to us stocks and in that video i go into super great detail about how

Micron could be negatively affected by basically what a chinese company was doing against micron basically how it looks is it looks like a chinese company ended up stealing a ton of patents from micron okay and we know china has an initiative to go ahead and and bo booster semiconductor and their memory businesses okay over there in china right so what happens

Is this company steals from micron and then they start up this business in china a massive business and now they’re trying to get micron products blocked into selling china a ton of their products and it looks like they’ve probably successfully done it micron shares fell as much as eight percent during regular trading on tuesday after the taiwanese rival united

Microelectronic corporation umc released a statement claiming a chinese court had temporarily banned sales of micron chips in china micron closed down five and a half percent for the day micron said it had not been served with an injunction and would not further comment until it received and reviewed court documentation um see statement said the people’s court and

The people’s republic of china had issued a preliminary injunction preventing micron from selling twenty six products including certain solid state memory drives and memory sticks in china umc is very pleased with today’s decision umc invests heavily in its intellectual property and aggressively pursues any company that infringes umc patents umc president j and

Wayne said in a statement the taiwanese chipmaker sought the sales ban alleging that micron violated his patent rights in china you mc a micron have gone back and forth in the courts alleging various intellectual property violations like i stayed in that video earlier in the week guys it’s so hard i like how is my crown gonna win this even if micron is in the right

In this situation right how is my crown gonna win this in in china basically when china has an agenda to try to build their memory companies in a semiconductor companies like do you think china really cares if micron is actually in the right and micron had this stuff stolen like china doesn’t care they want to build their companies up not not build us companies

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More right so it’s a such an ugly situation guys it’s almost so sad it’s a literally a sad situation but it is what it is this world can be cutthroat man business can be cutthroat sometimes and that’s just what it is i don’t know what else to say about it it’s it’s a it’s a rough situation and now for micron we got to see how far does this go like how much is this

Gonna affect microns business so we talked about maybe like five to ten percent of microns revenues are affected by this are we talking like 30 to 40 percent like now we got to figure out like what’s the what’s the effect on micron negatively and when is micron gonna get actually served with these documents and whatnot so bad situation ugly situation nonetheless

All right now we got some more tesla news a tesla it’s like a full-time job trying to keep up with everything that’s going on there so street is not impressed by tesla’s model 3 milestone stock plunges over 7% on negative notes and brake tests report several wall street firms are playing down tesla’s model 3 production milestone remaining skeptical over the car

Makers finances in demand trends like a demand trends we’re talking about now at this point in time tesla said monday it reached its one-week production of 5000 model threes we already talked about this on this channel for the last week of in the june quarter but the company fell short of its second quarter deliveries by posting a little over 40,000 vehicles versus

Wall street had to expect it somewhere around 51 thousand vehicles all right tesla shares fell 7.2% tuesday the cup shares hit the lows of the day on a report it decided to skip a break in role testing step in the manufacturing product process of the model 3 vehicles tesla did eliminate the brake test because it deemed too redundant okay tesla says is every car

We build goes through a rigorous quality checks and must meet our exact specifications including brake tests to be extremely clear we drive every and i don’t know why that’s in like little stars there every model 3 on our test track to verify braking torque squeal in rattle there are no exceptions the company told cnbc alright goldman sachs was not impressed with

The company’s announcement and reiterated its celebrating for tesla shares noting net model three reservations declined to four hundred twenty thousand from four hundred and fifty five thousand last year i own goldman sachs stock okay i home goldman sachs stock i’m just gonna say whatever analysts you know talked about that i almost like cringe it why do they even

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Bring that up because here’s the thing if tesla has the roughly four hundred twenty thousand reservations for the model three almost every one of those reservations has never even been in a model three car never mind test driven a model three car if you’re gonna try to you know you can argue a lot of things against test so their finances oh my gosh you know look

At the way they’re losing money right now and whatnot or they have lost money in the past you can argue a lot of things but one thing you should never try to argue is the demand trend for tesla four hundred plus thousand reservations for a car most people have never even sat in nvm wind test drove no imagine as model threes get to the showrooms which you know last

Time i checked a lot of showrooms still don’t even have model threes in their showroom never mind to actually test drive now imagine once model threes are actually available in a mass production type of way right where people can actually start test driving these actually start sitting in them and whatnot imagine what that will do for reservations over time we’re

Talking about four hundred thousand plus on a car people have never even sat in before like this is mind-blowing stuff the one thing you should never try to argue against tesla is a demand trend because demand for model threes is off the charts and we and you know things are just getting started okay model three deliveries did miss our baris estimates and we see

The incremental color on model three net reservations where the company showed its first declining data point as incrementally negative said the analyst to clients on tuesday this analyst reiterated his one hundred and ninety five dollars six month price target for four tesla shares representing a 42 percent downside from monday’s pose okay he thinks the stock

Can go down massively from here in similar fashion city research reaffirmed its neutral / high risk rating on tesla shares saying monday’s production announcement doesn’t significantly change the company’s finances we don’t believe today’s update will settle the bold vs. bear debates around substantial production / demand free cash flow generation ability and the

Risk type 2 tesla’s balance sheet position said the analysts okay he reaffirmed his $313 price target on tesla shares which i think it’s just down slightly from where it’s at not everybody is bearish on in tesla stock on wall street there is another analyst at anamur who has a $450 price target on tesla shares tesla hit production target of 5000 model threes in

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The final week of the quarter which is an important milestone that we believe re-establishes some credibility to the positions the company for profitability in the second half of the year said this analyst that said we continue to expect touchless shares to be volatile near term we see current weakness as an opportunity to further accumulate shares okay wait now

We just got you know people are either super bearish on tesla or super bullish it’s like now a lot of people are really in that in-between phase just bears are very bullish the bad thing i think about this okay and i don’t know how much this will spread from wall street news to mainstream media news and whatnot but i think it’s never a good a good sign or a good

You know thing to get out there if you’re actually you know let’s say you’re not doing as many tests on your cars because maybe that just is a bad look in public’s eye because i look at that and they’re like oh so you’re just trying to hit wall street numbers you don’t really care about safety you don’t care about the quality of the car and tufsa you know is trying

To build a brand on quality so i think that’s just a risk we’re have to see how much this this breaks away from just financial landscape news to actually the mainstream media and see nec and howell you know this is perceived by the media and whatnot and so it’s very important it’s a very big thing i think you know tesla shares are just going to be very volatile

Right now it’s almost every single day there’s some big news either on an analyst upgrading or downgrading the stock there’s a number they came out you know a musk would tweet something there’s almost always news ernie should be coming out here i think within about a month or so or maybe it’s about a month and a half from now so so that’s gonna be really big to

Watch a lot of fun there the micron situation that’s just sad situation let me know what you guys think about that whole micron deal let me know what you think about tesla shares are you a buyer seller are you either on the superbear side or a super bullish size that i notice there’s not a lot of people in the middle it’s either you’re you’re on one of the other

I would love to know from you guys in that comment section as always hit thumbs up if you enjoyed this video today i hope you did thank you for watching have a great day you

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micron and tesla very bad news By Financial Education

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