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The SEC lawsuit may be behind him, but Tesla still has some serious IOUs coming up. A total of $2.7 billion of Tesla debt is due this year and next, according to Goldman Sachs.
That’s one reason the production and profit targets are so important: Tesla needs the cash to pay down all that debt.
The stock may bounce back Monday, now that the uncertainty over Musk’s future is removed. But Wall Street still wants something else — results.
2. Jobs, jobs, jobs: Analysts expect another month of solid growth when the US Labor Department issues its September jobs report on Friday.
More important may be the wage growth figure: Will it hit 3% for the first time since April 2009? If so, will that unnerve investors worried about an overly aggressive Federal Reserve?
This new initiative will focus on the single biggest financial story of our generation: how technology is upending every corner of the global economy, forcing businesses, workers, and society itself to adapt rapidly, or be left behind.
6. Coming this week:
Monday — Stitch Fix and Wage Works earnings; David Solomon becomes Goldman Sachs CEO; Eurozone unemployment rate
Tuesday — PepsiCo earnings; US auto sales for September
Wednesday — Lennar earnings; ADP employment report
Friday — US jobs report
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