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The investment seeks investment results that generally correspond to the price and yield performance of the NASDAQ100 Index. To maintain the correspondence between the composition and weights of the securities in the trust (the securities) and the stocks in the NASDAQ-100 Index, the adviser adjusts the securities from time to time to conform to periodic changes in the identity and/or relative... see more

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Invesco QQQ Trust Series 1 > Tesla 213 million loss now to be taken in q1

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Post by exprohibition18 on Feb 02, 2021 10:14am

Tesla 213 million loss now to be taken in q1

Tesla has officially finally agreed to recall 134,951 Model S and Model X vehicles due to touchscreen display failures. The displays can fail, resulting in a number of potential problems for Tesla owners, according to Reuters.

The move begrudgingly comes after U.S. auto safety regulators sought the recall a month ago, as we noted on Zero Hedge last month.

Analyst Gordon Johnson of GLJ Research said on Tuesday morning that the total charge for Tesla could be around $213 million in Q1 2021. He also thinks there is a major story in the many customers who had to pay $1,500 out of pocket to have their screens repaired prior to the recall.