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Caixin Global

Articles from Caixin Global

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Cross Asset Strategy

<ul><li>In Depth: The world’s No. 1 EV-battery maker juices up global expansion</li><li>China and the Vatican extend deal on appointing bishops</li><li>Beijing calls for local governments to facilitate entry for foreign business executives</li></ul>

In Depth: The world’s No. 1 EV-battery maker juices up global expansionChina and the Vatican extend deal on appointing bishopsBeijing calls for local governments to facilitate entry for foreign business executives

CX Daily: The World’s No. 1 EV-Battery Maker Juices Up Global Expansion

Korea/Asia, Events, IPOs, Douglas Research Advisory

Douglas Kim

Korea/Asia, Events, IPOs

Equity Bottom-Up

<ul>
<li>In this insight, we discuss a pair trade between LG Chem Ltd (051910 KS) (go long) and LG Energy Solution (373220 KS) (go short). </li>
<li>LG Chem's shares are trading at nearly 66% discount to its NAV which we believe to be excessive. </li>
<li>Another major factor that could negatively impact LGES' shares in the next several months is the end of the lock-up period for the company's ESOA shares in about three months. </li>
</ul>


In this insight, we discuss a pair trade between LG Chem Ltd (051910 KS) (go long) and LG Energy Solution (373220 KS) (go short). 
LG Chem's shares are trading at nearly 66% discount to its NAV which we believe to be excessive. 
Another major factor that could negatively impact LGES' shares in the next several months is the end of the lock-up period for the company's ESOA shares in about three months. 


Closing the Gap Between LG Energy Solution & LG Chem Pair Trade

Founder & CEO Bond Angle, LLC, Bond Angle, LLC

Vicki Bryan

Founder & CEO Bond Angle, LLC

Bond Angle, LLC

Insightful commentary and analysis on bond markets and market movers, including financial, economic, and industry catalysts and management shenanigans. 

High yield market investment research

Credit

<ul>
<li>Elon's Twitter funding "plan" to buy Twitter has been a disaster, time is running out, and it's mostly his fault. </li>
<li>Many in his equity pool raised back in May are trying to get out of the deal altogether.</li>
<li>He still has time to salvage it without selling more Tesla.</li>
</ul>


Elon's Twitter funding "plan" to buy Twitter has been a disaster, time is running out, and it's mostly his fault. 
Many in his equity pool raised back in May are trying to get out of the deal altogether.
He still has time to salvage it without selling more Tesla.


Will Elon Dump $10 Billion In Tesla This Week To Buy Twitter? Maybe Not.

Global Automotive Stocks/EV Focus/Event Driven, SC Capital

SC Capital

Global Automotive Stocks/EV Focus/Event Driven

Over 22 years covering Japanese equities on both the sell side and the buy side. 

Bottom-up Japan Equities Research

<ul>
<li>Tesla's Q3 revenues missed by 2%, while GAAP EPS was in-line with consensus and adjusted EPS only beat by 5.4%. Tesla hasn't seen numbers this weak since Q4 2020.</li>
<li>The closely watched Autmotive gross margin (ex-ZEV credits) were much worse than expected at 26.8% versus consensus estimates of 27.5%. </li>
<li>On the earnings call, Musk said he would be buying Twitter. This will only add to the selling pressure from Tesla's weak Q3 results throughout next week. </li>
</ul>


Tesla's Q3 revenues missed by 2%, while GAAP EPS was in-line with consensus and adjusted EPS only beat by 5.4%. Tesla hasn't seen numbers this weak since Q4 2020.
The closely watched Autmotive gross margin (ex-ZEV credits) were much worse than expected at 26.8% versus consensus estimates of 27.5%. 
On the earnings call, Musk said he would be buying Twitter. This will only add to the selling pressure from Tesla's weak Q3 results throughout next week. 


Tesla's Q3 Results Disappoint for the First Time Since Q4 2020

<ul>
<li>
Tesla is burning billions as sales are slowing in its most important markets—as I long have warned. </li>
<li>Meanwhile, Elon also owes billions to pay for Twitter &amp; investors are wary buying its LBO bonds needed to help fund the deal. </li>
<li>
Could Elon be thinking it's time to sell now BBB-rated Tesla bonds to raise a few extra billion dollars?</li>
</ul>



Tesla is burning billions as sales are slowing in its most important markets—as I long have warned. 
Meanwhile, Elon also owes billions to pay for Twitter &amp; investors are wary buying its LBO bonds needed to help fund the deal. 

Could Elon be thinking it's time to sell now BBB-rated Tesla bonds to raise a few extra billion dollars?


Is Elon About To Tap Tesla For Billions in Debt To Bolster Cash—And Help Him Buy Twitter?

United States

Tesla Inc. operates as a multinational automotive and clean energy company. The Company designs and manufactures electric vehicles, battery energy storage from home to grid-scale, solar panels and solar roof tiles, and related products and services. Tesla owns its sales and service network and sells electric power train components to other automobile manufacturers.

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Tesla (TSLA US)

CX Daily: The World’s No. 1 EV-Battery Maker Juices Up Global Expansion

In Depth: The world’s No. 1 EV-battery maker juices up global expansion. China and the Vatican extend deal on appointing bishops

Caixin Global

Closing the Gap Between LG Energy Solution & LG Chem Pair Trade

In this insight, we discuss a pair trade between LG Chem Ltd (051910 KS) (go long) and LG Energy Solution (373220 KS) (go short).

Douglas Kim

Will Elon Dump $10 Billion In Tesla This Week To Buy Twitter? Maybe Not.

Elon's Twitter funding "plan" to buy Twitter has been a disaster, time is running out, and it's all his fault. There's still time for him to...

Vicki Bryan

Tesla's Q3 Results Disappoint for the First Time Since Q4 2020

What was expected to be a Q3 beat at Tesla turned into a Q3 disappointment. Many accounting tricks appear to have padded cash flows and Tesla...

SC Capital

Is Elon About To Tap Tesla For Billions in Debt To Bolster Cash—And Help Him Buy Twitter?

Tesla is burning billions as sales are slowing in its most important markets. Elon also owes billions to pay for Twitter & investors are wary of...

Vicki Bryan

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