Latest news with #Sheppard
Business Insider
2 days ago
- Automotive
- Business Insider
Cantor Bangs the Drum on Tesla Stock
Tesla (NASDAQ:TSLA) and timetables aren't exactly the best of friends. Delays have been a recurring theme across many of its past projects, so targets should generally be taken with a healthy dose of caution. That's also been the case with the planned launch of the robotaxi in Austin, Texas. Initially slated for June 12, the rollout has now been tentatively rescheduled for June 22, though even that date remains subject to change. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Still, despite the shifting timelines, Tesla fans are hoping the launch will reignite enthusiasm around the EV giant and serve as a much-needed catalyst at a time when the company has been struggling with lackluster sales. In the meantime, Tesla continues testing its fully self-driving (FSD) Model Y vehicles without drivers behind the wheel. Elon Musk has indicated the initial robotaxi deployment will be limited in scale, with a small fleet that gradually ramps up and expands to additional cities over time. Cantor analyst Andres Sheppard has high hopes for the service, noting: 'As of 1Q25, Tesla's FSD (with supervision) has driven >3.5B cumulative miles, and we continue to believe that TSLA will capture a significant share of the autonomous driving and ride-sharing industries. We see this as a software-as-a-service, high-margin model, and we expect TSLA to have the ability to rapidly scale following commercialization. Tesla is then planning to roll out its cybercab (no steering wheel or pedals) in 2026.' Beyond the robotaxi launch, Sheppard also points to several other potential growth drivers on the horizon. Tesla management is expected to revise its 2025 automotive growth targets next quarter – currently framed as a 'return to growth' – and may also provide updated guidance for its Energy Storage business, which is already projecting over 50% year-over-year growth after more than doubling in 2024. Other important upcoming catalysts include the launch of FSD in China (which began in 1Q25), the anticipated rollout in Europe (which Sheppard believes is still on track for the first half of 2025, pending regulatory approval), high-volume production of the Optimus Bot (expected in 2026), initial customer deliveries of Optimus (slated for 2027), and the planned introduction of the Semi Truck, with production expected to begin in 2026 – marking Tesla's entry into autonomous trucking. So, what does this ultimately mean for investors? Sheppard assigns Tesla with an Overweight (i.e., Buy) rating and a $355 price target, implying an 8% upside from current levels. (To watch Sheppard's track record, click here) 13 other analysts join Sheppard in the bull camp yet with an additional 12 Holds and 9 Sells, Tesla stock claims a Hold (i.e., Neutral) consensus rating. Going by the $286.14 average price target, a year from now, shares will be changing hands for a ~10% discount. (See TSLA stock forecast) To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
The National
2 days ago
- Entertainment
- The National
The Stand Edinburgh comedy club celebrates 30th birthday
The Stand, based in Edinburgh, hosted its first regular club night in 1995, in the basement of a pub in the Grassmarket, before opening at a permanent venue on York Place in 1998. The club also has sites in Glasgow and Newcastle, as well as being one of the staple venues at the Edinburgh Fringe festival, and has launched the careers of many comedians in Scotland, including Frankie Boyle and Kevin Bridges. The milestone was celebrated at The Stand's Edinburgh venue on York Place last week, which The National was invited to attend. READ MORE: 'Joy, celebration and warmth' of Palestinian art to be showcased at Edinburgh Fringe Former SNP MP and The Stand co-founder Tommy Sheppard took to the stage, as well as a host of familiar faces on the comedy circuit - including Gareth Mutch, Vladimir McTavish, Robin Grainger and Liam Farrelly. Reflecting on The Stand's history, Sheppard told guests that the venue has had "such an important part of Scottish cultural life" in the last 30 years. He said: "We did it because we wanted a platform to be in the capital city of Scotland for people who wanted to perform stand-up comedy, because up to then the only way you could get in the business was to go to London." Sheppard added that The Stand has stuck to the principle that "stand up comedy is not just about making people laugh". "It's also about making people think, it's about saying the unsayable, about criticising the rich and powerful through the vehicle of humour," he continued. "By doing that we give a voice to the audience from this stage and we allow people to get through their lives and get through their world a little bit saner and a little bit happier than they might do otherwise." Sheppard also reflected on the "difficult" state of the sector, as he said: "This is what people in the business call a 'very challenging trading situation'. "It means that a lot of people who used to go out once a week, now go out once a month. They used to spend a tenner, and now they try to keep it to one drink if they come out." READ MORE: Edinburgh Fringe programme launches with 3350 shows across 265 venues He added that while The Stand's presence at the Fringe is "not as big" as it once was, the comedy club had "consolidated" its position this year with the four venues it had secured. This August, festival-goers can look forward to more than 60 different events across the capital – ranging from stand-up comedy to spoken word, to a series of "In Conversation" events with the likes of First Minister John Swinney, Glasgow University rector Dr Ghassan Abu-Sittah, independent MP and former Labour leader Jeremy Corbyn and filmmaker Paul Laverty. The National also told how several Palestinian comedians are set to make their Fringe debut at the Palestine Comedy Club, which will be held at The Stand on August 18, 19 and 20. Sheppard urged people to show their support for the club, not just "so that we are confident in building towards a successful Fringe, but also towards the next chapter in our history". He added: "We are not done yet, not by a long shot."
RTÉ News
2 days ago
- RTÉ News
'A real gentleman' - Irish man killed in London remembered
The family of an 87-year-old Irish man who died after he was attacked while walking home in north London last month have described him as a "real gentleman". John Mackey had been running errands on the afternoon of 6 May when he was set upon near Goodchild Road. He had just been to his local supermarket and kebab shop. The pensioner sustained head injuries and died in hospital two days later. A man was arrested and charged with Mr Mackey's murder and robbery. He is due to appear in court again for a plea hearing on 29 July. Mr Mackey, originally from Callan in Co Kilkenny, had been living in London since the age of 19. "Ultimately, he was just a charming, simple man, a real gentleman," his niece Margaret Kennedy recalled. In her sitting room, alongside her brother Adrian, she sifted through several photos they recently found of their beloved uncle. "We found these pictures and it's uncle John surrounded by women and it really gave us a kick because, in his early life, it really showed what a charmer he was," she said with a smile. Mr Mackey was a devoted Arsenal fan and a proud Irish man. He was one of 11 siblings, four of whom are still alive, and he is also survived by his 22 nieces and nephews. His nephew Adrian Kennedy said John was an "intrinsic" part of the local community in Finsbury Park and well known in Irish circles. Mr Mackey had long become known for his signature fedora hat and 'man about town' persona. "He was a bit of an enigma because even up until recently we were never quite sure whether uncle John was plain old 'Uncle John' or whether he was a millionaire," Adrian joked. Almost six weeks on since his death, the family say they are still in a state of shock over what happened to their uncle. Mr Kennedy said his uncle was in "good form" on the day of the alleged attack. "He spoke to his sister Betty in Australia at 3 o'clock in the afternoon and she said that he was in great form. He said that he was going to go out and get himself a bit of dinner and a few bits at the Co-Op. "He went out, bought himself a few provisions, cornflakes, a Sheppard's pie. He stopped and got himself a sausage and chips on the way home from the kebab shop and 5.22pm in the evening he was attacked literally in sight of his front door," Mr Kennedy said. Ms Kennedy said it is hard to come to terms with what happened because he was just an "old 87-year-old man". "It was utter shock, that it could happen to him," she says. The family say they have been taken aback by the warm words and tributes from all who knew him. They were also sent a card and flowers from Arsenal Football Club. "We were overwhelmed actually, we thought it was so lovely that Arsenal Football Club sent the family some flowers and a lovely card, which was unnecessary, but lovely. It meant a lot to us all actually," she said. John Mackey will be laid to rest in his native Callan, Co Kilkenny, on Thursday 26 June following requiem mass at the Church of the Assumption. His coffin will be adorned with the Arsenal flag and his signature hat will sit above it as his family get their final opportunity to say goodbye to the uncle who leaves behind so many fond memories for them. The family say they would like him to be remembered for the life he lived. "We're all still in shock because uncle John was a constant, he was always just there. We knew if we went to London we would always nip on the tube up to Archway to see him," Ms Kennedy explained. Her brother Adrian said that it's the "way he died" that's hard to come to terms with. "Nothing is forever, we all die, but it's how it happened. It's just left this general air of disbelief, shock, and this incredibly deep sorrow," he said.
Yahoo
5 days ago
- Sport
- Yahoo
Ex-Colorado Buffaloes WR trying out for Broncos at minicamp
The Denver Broncos brought in a local wide receiver for a tryout this week. Former Colorado Buffaloes receiver Will Sheppard attended mandatory minicamp on a tryout basis on Tuesday, according to a report from the Denver Post's Luca Evans. Advertisement Evans previously spotted Broncos coach Sean Payton chatting up Sheppard at CU's pro day earlier this year. Sheppard posted 40-yard dash times of 4.56 and 4.54 seconds, a 40.5-inch vertical jump and a 10-foot, 11-inch broad jump at the pro day. He was not picked during the NFL draft in April but is now getting a chance to impress at Broncos Park Powered by CommonSpirit. Sheppard (6-2, 198 pounds) spent four years at Vanderbilt before transferring to Colorado last fall. He totaled 48 receptions for 621 yards and six touchdowns in 2024, ending his five-year college career with 200 catches for 2,688 yards and 27 touchdowns in 55 games. As of the time of publication, Sheppard has not signed. Related: These 25 celebrities are Broncos fans. This article originally appeared on Broncos Wire: Denver Broncos: Ex-CU WR trying out for team at minicamp
Business Insider
6 days ago
- Business
- Business Insider
Cantor Downgrades Joby Aviation Stock (JOBY) Due to Lack of Near-Term Upside
Cantor Fitzgerald downgraded electric vertical takeoff and landing (eVTOL) aircraft maker Joby Aviation (JOBY) to Hold from Buy with a price target of $9 due to a lack of near-term upside in the stock. While JOBY stock plunged about 8% on Thursday due to the rating downgrade, it has rallied 26.5% over the past month. As a result, the stock is up 9.1% year-to-date, thanks to a favorable executive order signed by U.S. President Donald Trump and the announcement of new deals. Confident Investing Starts Here: Indeed, the executive order would direct the Transportation Department to develop a program to accelerate eVTOL operations in the U.S., which is expected to benefit players like Joby Aviation and Archer Aviation (ACHR). This comes after Joby Aviation signed a Memorandum of Understanding (MoU) earlier this month with Abdul Latif Jameel to explore establishing a distribution agreement in Saudi Arabia for the company's electric aircraft. The agreement involves the potential delivery of up to 200 Joby aircraft and related services that are valued at about $1 billion. Cantor Moves to the Sidelines on JOBY Stock Interestingly, Cantor analyst Andres Sheppard admitted that Joby Aviation remains one of the best-positioned companies in the eVTOL sector, given its partnerships with Toyota (TM), Delta Air Lines (DAL), and the U.S. Department of Defense. However, the 4-star analyst finds JOBY stocks' valuation to be stretched, following a 60% rally over the past three months and an almost 90% gain in the past year. 'We don't see current levels as a good entry point for investors,' said Sheppard. The analyst noted that while Joby Aviation has solid liquidity, it also has one of the highest cash burn rates in the sector. In fact, the company ended Q1 2025 with about $1.3 billion in total liquidity, including Toyota's $250 million funding, but expects to spend between $500 million and $540 million in 2025. Additionally, Sheppard cautioned about delays in U.S. certification and doesn't expect Joby Aviation to secure full FAA Type Certification until at least the second half of 2026. Finally, Sheppard pointed out persistent uncertainty around the company's unit economics, such as pricing and deployment costs of its air taxi service. Is Joby Stock a Good Buy? Wall Street has a Moderate Buy consensus rating on Joby Aviation stock based on three Buys, three Holds, and one Sell recommendation. Furthermore, the average JOBY stock price target of $8.86 indicates that the stock is trading close to fair value.
