Tesla Inc. has started manufacturing its Cybercab robotaxi, Chief Executive Officer Elon Musk said Friday in a post on his social media site X, fulfilling a long-promised launch at a time when the company’s global sales have slumped . The electric-vehicle maker, which previously announced plans to begin making its newest model from this month, envisions the futuristic-looking Cybercab as part of i...
Tesla Inc. has started manufacturing its Cybercab robotaxi, Chief Executive Officer Elon Musk said Friday in a post on his social media site X, fulfilling a long-promised launch at a time when the company’s global sales have slumped . The electric-vehicle maker, which previously announced plans to begin making its newest model from this month, envisions the futuristic-looking Cybercab as part of its Robotaxi network, which operates as a mixed fleet of vehicles with and without human safety monitors. The two-door, two-seat sedan was unveiled two years ago without a steering wheel or pedals — something which would require certain exemptions from US regulators.
tupungato/iStock Editorial via Getty Images The market underrates Fossil Group ( FOSL ) and ignores the hidden value in its subsidiary in India, as leaks suggest that FOSL is seriously considering the IPO of its subsidiary, aiming to collect 300 to $400 million in exchange for selling 25% of its India branch. This means that the Indian subsidiary alone is valued at $1.2 to $1.6 billion. In other w...
tupungato/iStock Editorial via Getty Images The market underrates Fossil Group ( FOSL ) and ignores the hidden value in its subsidiary in India, as leaks suggest that FOSL is seriously considering the IPO of its subsidiary, aiming to collect 300 to $400 million in exchange for selling 25% of its India branch. This means that the Indian subsidiary alone is valued at $1.2 to $1.6 billion. In other words, this regional branch alone has an implied value of four or five times the market cap of the entire parent company listed on Wall Street. Therefore, while investing in the Indian catalyst at a huge discount, the rest of the company's business, including the distribution network in the US and Europe, plus its major brands, is included for free. Additionally, the new management succeeded in stopping the bleeding of operating losses and achieving a positive operating income of $11 million in 2025 and reduced expenses by $250 million over the last three years. I believe the company represents a strong buy opportunity with a target price of $21.5 per share based on its low valuation supported by India catalysts. Financials & India Catalyst For the full year 2025 , the company's net sales declined by 12.3% to reach $1 billion. However, this was necessary in order to stop the promotional pace and the cash burn, which was destroying Fossil's brand. The company reduced its promotions and discounts by more than 50% in direct-to-customer channels. In other words, FOSL abandoned the low-margin streams to focus on selling at its full price. As a result, the gross margin jumped by 380 basis points to 55.9% in 2025 and 57.4% in Q4, which is an exceptional achievement given that the company absorbed the challenges it faced due to the tariffs that cost it 140 basis points from margin. FOSL 10-K Report The company expects global sales between $945 and $965 million, which is a slight decline compared to 2025. Importantly, this decline is anticipated to slow during the year driven by the ...