Menu
Menu
Menu
Menu
Menu
Menu
Menu
Menu
Menu
Menu
Hosted by Byohosting – Most Recommended Web Hosting – for complains, abuse, advertising contact: o f f i c e @byohosting.com
Tesla’s Future: Musk’s Promise of Affordable EV Sends Stock Soaring
About the Latest Tesla Earnings Report
Last Updated: Apr 23, 2024 at 9:27 pm ET
Tesla recently released its Q1 earnings report, revealing a significant decrease in both profit and revenue. MarketWatch provided a detailed analysis of the results, along with insights from Elon Musk, the CEO of Tesla. Musk emphasized that the company remains committed to developing a more affordable electric vehicle.
Key Highlights from Tesla’s Q1 Earnings
- The earnings report showed a notable decline in both profit and revenue for Tesla.
- MarketWatch’s analysis delved into the implications of these financial results for the company.
- Elon Musk reiterated Tesla’s intention to introduce a lower-cost electric vehicle in the future.
Implications for Tesla’s Future
The drop in profit and revenue raises questions about Tesla’s financial performance and market position. Analysts are closely monitoring how the company plans to address these challenges and maintain its competitive edge in the electric vehicle industry.
Elon Musk’s Vision for Tesla
Despite the disappointing financial results, Elon Musk remains optimistic about Tesla’s future. He believes that the development of a more affordable electric vehicle will help expand the company’s customer base and drive long-term growth.
Looking Ahead
As Tesla navigates through this period of financial uncertainty, all eyes are on the company’s next steps. Investors, analysts, and consumers are eager to see how Tesla will innovate and adapt to changing market dynamics.
Related
Tesla’s Future: Musk’s Promise of Affordable EV Sends Stock Soaring
Rising Delinquency Rates in Banks: Highest in 4 Years and 9 Months
- No Comments
Bank delinquency rate at 0.51% highest in 4 years and 9 months
SME delinquency rate of 0.70%… 0.1%p↑ compared to previous month
The delinquency rate of large corporations also increased by 0.06% points to 0.18%.
-
Last February, the bank’s loan delinquency rate hit 0.51%. This is the highest figure since May 2019 (0.51%), and it is the first time in 4 years and 9 months that the delinquency rate has been above the 0.5% level.
According to the Financial Supervision Service on the 24th, at the end of February, the delinquency rate of loans obtained by domestic banks (based on principal and interest outstanding for more than a month) recorded 0.51%, up 0.06 percentage points from last the previous month (0.45%). In February, the amount of new delinquency was calculated at 2.9 trillion won, and the amount of settled delinquent receivables was 1.3 trillion won. The new delinquency rate was 0.13%, the same as the previous month.
By sector, the increase in the delinquency rate (0.59%) of corporate loans was notable. The corporate loan delinquency rate increased by 0.09 percentage points from the end of the previous month, with the large company loan delinquency rate (0.18%) and the SME loan delinquency rate (0.70%) increasing by 0.06 percentage points and 0.10 percentage points, respectively. . Although the SME delinquency rate is at an all-time high, the delinquency rate of large companies is also increasing rapidly.
The home loan delinquency rate recorded 0.42%, up 0.04 percentage points from the end of the previous month (0.38%). Among these, the delinquency rate for home mortgage loans rose by 0.02 percentage points to 0.27%, and the delinquency rate for home loans (credit loans, etc.) excluding home mortgage loans rose by 0.10 percentage points to 0.84%.
The Financial Supervisory Service said, “The bank’s delinquency rate has been on the rise since the second half of 2022, but it is still low compared to the long-term average of the 10 years before the coronavirus,” and added, “In a situation where internal and external uncertainty increases, we will continue to expand loss absorption capacity, such as expanding loan loss reserves.” “We intend to lead it to,” he said.
Invest Chosun Paid Service Posted at 13:48 on April 24, 2024
#Bank #loan #delinquency #rate #highest #years.. #small #medium #enterprises #large #corporations #show #rapid #growth #Invest #Chosun
Related
Comments
Trending
Rising Delinquency Rates in Banks: Highest in 4 Years and 9 Months