Wall St's Reaction To Daimler's Reduced Earnings Guidance Highlights Critical Eye On TSLA
German automaker Daimler AG had a pretty tough Monday. Following an announcement on Sunday that it is cutting its 2019 earnings guidance over the effects of an ongoing diesel emissions scandal at Mercedes-Benz, the company鈥檚 shares declined 3.6% in Frankfurt. Apart from the KBA investigation in Germany, Daimler has noted in its first-quarter earnings release that it is facing an emissions probe by the US Justice Department. The company is also facing a consumer-class action lawsuit in the United States along with Bosch, one of its suppliers, for allegedly conspiring to deceive US regulators. Amidst these recent headwinds, Wall St. analyst Dan Ives from Wedbush Securities noted in a statement to CNBC that Daimler currently needs to perform a 鈥渂alancing act鈥?as it attempts to weather these challenging times. 鈥淭his really handcuffs them a bit. It鈥檚 going to be a balancing act, they really need to hold investor鈥檚 hands on this, and the question is 鈥楥an they navigate these headwinds? 鈥?It鈥檚 an arms race in the electric vehicle world right now,鈥?Ives said. The Wedbush analyst鈥檚 reaction to the developments at Daimler is quite compelling. The automaker鈥檚 challenges today are serious, yet Ives鈥?comments were quite restrained. 鈥淲e view this quarter as one of (the) top debacles we have ever seen, while Musk & Co., in an episode out of the Twilight Zone, act as if demand and profitability will magically return to the Tesla story. During Tesla鈥檚 annual shareholder meeting, several TSLA shareholders brought up the issue of the negative narrative and misinformation surrounding the company. Elon Musk noted that these misconceptions are distressing, though he admitted that he is at a loss as to how to change the negative narrative surrounding Tesla.
Simply put, in this arrangement, the buyer takes over payments on an existing mortgage. While banks traditionally do not allow mortgage assumptions, today's economic circumstances and market conditions may be slowly changing that. Some large banks have been allowing this kind of arrangement on certain types of mortgages. It is especially easy to attract buyers if you are lucky enough to have a mortgage that came with a low interest rate. A deal like this would also save the buyer closing costs associated with getting a new mortgage. Just a few words of caution though before both parties decide to engage in this type of arrangement. First, make sure that both the rate and terms, such as prepayment penalties, are workable. You don't go for it, for example, when there's a 拢80,000 prepayment penalty on a 拢200.000 loan. A seller should also protect himself by getting a written release from further liability from his lender. You never know if your buyer will miss payments in the future.
2. Offer a lease-to-own deal to help the buyer build a down payment. Think of it as renting out your house, but with the tenant actually having the end goal of buying it. The rent is usually deposited into an escrow-type account, and then applied towards a down payment. There are generally two ways to go. With lease-options, the buyer can opt not to buy at the end of the option period, but he will lose the down payment. With lease-purchase, the buyer has to purchase the house. The downside for sellers though is if market prices go up, you could be locked into a low selling price. That is a risk you should be willing to take.Also, you should find a buyer who is likely to be able to get a mortgage down the road. And again, just as in any property deal, it is always best to hire a legal professional to handle the paperwork. 3. Sell to a cash home buyer.
For a quick house sale this may well be the least creative of all, and it may not even count as financing, but it is as straightforward, practical, fast, and hassle-free as a property sale could get. All you have to do is choose among the many cash home buyers throughout the United Kingdom; most of them have websites. You can inquire online or give them a call, and they will make you an outright "offer in principle." If you accept that, they will make a proper valuation of your property, and then make a formal written offer. If you choose to accept, you will have the cash on hand in just a few working days or weeks. But the offer comes with absolutely no cost or obligation to the seller. Because the negotiations are directly between you and the cash buyer,you can forget about estate agent commissions, legal fees, and closing fees. You don't even have to bother repairing or renovating your house, they will buy your house in whatever condition it is in.This is truly a win-win deal for both the homeowner and the purchaser.
Porsche haven鈥檛 completely redesigned the Boxster, but it is significantly updated. The new 2017 Porsche Boxster 718 is available in your local Porsche dealership now. Prices for the Boxster have also seen an update, and not in a good way. The Boxster looks like it hasn鈥檛 had much effort put in to the restyling, but Porsche are adamant that every single panel except for the hood and deck lid have been replaced; all new, completely different. ALSO READ: The Mitsubishi 3000GT Concept Will Be Back In 2017? Speaking of all new and different; the engine is a new unit, gone is the old normally aspirated unit to be replaced by a turbo charged flat-four 3.0 liter, this unit will make 300 BHP and 280 lb/ft of torque. Porsche also claim that it is 14% more efficient on an average driving cycle than the outgoing model. More power and more fuel efficient? That takes some beating. Technology wise, the Porsche Communication Management infotainment system will come standard with a touchscreen, but should you want anything like satellite navigation, that will be an extra. And keeping on that theme of extras; choosing the PDK transmission with the Sports Chronos package will also get you 鈥?a button.