Business

The K-shaped economic recovery dividing America also applies to companies. Here are 4 implications of that trend, according to a Wall Street chief strategist

6 days ago   |   By Business Insider

Spencer Platt/Getty Images
Just as the pandemic's economic fallout disproportionately hit low-income Americans and minorities, low-earning industries face a far more difficult return to pre-pandemic strength, said James Paulsen, chief strategist at The Leuthold Group.
High-earning sectors' unemployment rate jumped to just 12% and now sits at 5.5%. Yet low-earning industries saw their unemployment rate rocket to 23%, and it now stands at 9.6%.
Outlined below are the four implications of such a bifurcated industrial recovery, according to Paulsen.
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All of Tesla's other services will be worth more than its car business, according to one Wall Street analyst who says the company should be compared to Apple, Tinder, and more

6 days ago   |   By Business Insider

Elon Musk, founder and chief engineer of SpaceX speaks at the 2020 Satellite Conference and Exhibition March 9, 2020 in Washington, DC.
Win McNamee/Getty Images
Tesla's services business could be worth more than all of its car sales by the end of the next decade, Morgan Stanley said.
The bank estimates autopilot, insurance, energy, and everything else to be worth about 53% of a new street-high target price of $540 by 2030.
Investors should also consider comparing the company to other services companies, like Apple, Tinder, Roku, and video game makers, the analysts said.
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