A look at the quotes of market giants: Meta, Stellantis, Generali, Tesla and Coinbase
A look at the quotes of market giants: Meta, Stellantis, Generali, Tesla and Coinbase
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A look at the quotes of market giants: Meta, Stellantis, Generali, Tesla and Coinbase

By George Michael Belardinelli - 18 Nov 2022

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This article will look in detail at the current quotations of the following companies: Meta, Stellantis, Generali, Tesla, and Coinbase.

Prices and quotes of Meta, Stellantis, Generali, Tesla, and Coinbase

Meta (META)

Meta Platforms, Inc. touches $111.45 per share recording yet another loss, -1.57% this time. 

Mark Zuckerberg faces the price of the bet made on the metaverse. The founder of Meta has had to come to terms with the investments made in the metaverse which despite his efforts still has not begun to return on his investments. 

Altimeter fund advised the founder to cut investments in the metaverse and focus more on advertising and subscriptions after the release of data on daily users that see Facebook in sharp decline.

TikTok remains the number one competitor leading to Meta’s first quarterly loss that brings it back to 2015 levels.

As a result of this debacle, the CEO has implemented a serious corporate restructuring that has also led to 11,000 layoffs occurring in part at the Italian headquarters in Milan.

“We are also taking a number of additional steps to become a leaner, more efficient company by cutting expenses and extending the hiring freeze through the first quarter of 2023”

Tesla (TSLA)

183.17 USD -3.75 (2.01%).

The company has more than halved its value in the current year from nearly $400 a share in January to the current $183.17 in the last session. 

The drop, yesterday alone, was 2.01% and the trend shows no sign of stopping at least in the short term. 

Tesla, however, has long been preparing actions to improve corporate accounts and boost the stock on the stock market, among them massive layoffs of staff and executives. 

Comfort also comes from Model Y2 sales figures that are above expectations in both Europe and Asia. 

Meanwhile, Elon Musk is grappling with internal struggles pitting him against shareholders regarding his earnings, which they say are not commensurate with his commitment to the company given the high number of positions he holds. 

Stellantis (STLA)

Since the end of September, the stock (STLA) has begun an upward climb that is already taking it back to August 2022 levels well away from the 19 euros touched in January but it is clearly recovering. 

In the last session, the shares of the company resulting from the merger of the FCA and Peugeot groups touched 14.25 euros each with an increase of almost 1 percent.

Stellantis brought home net revenues of 42.1 billion euros in third-quarter earnings with a 29 percent increase from 32.55 billion last year.

Since January, revenues reached 130.1 billion euros recording a 21% jump while total deliveries in Q3 were 1.28 million cars (up 13% from Q3 last year). 

The group boasts higher sales in North America with 21.1 billion in Q3, +36%, 50% of the total but is also going strong in the old continent where it reports 14.8 billion and in South America with 4 billion. 

EV is the fixation of CEO Carlos Tavares, who is accelerating the €30 billion plan for electrification and the development of autonomous driving. 

With this in mind, the company has acquired aiMotive, a Hungarian start-up focused on advanced AI solutions and software development for autonomous driving precisely.

Generali Group(G)

The stock in Piazza Affari sees green and goes to 17.28 euros bringing home a positive +1.68 percent in the last session. 

The stock continues the upward parabola that began in October and brought it back to the levels of May this year but far from the 2022 high of 21 euros recorded in April. 

The insurance company had set out to grant an extraordinary bonus to the group’s 21,000 employees who invested an average of 3,000 euros each in WeShare, or Generali Assicurazioni’s internal stock plan. 

However, since the shares remained at a standstill and in any case below 16 euros each, the premium was not triggered, and with it, the hefty coupons promised, much to the chagrin of the employee-investors. 

Coinbase (COIN).

The U.S. cryptocurrency exchange giant quotes in the latest run $48.79 per share with an imperceptible drop of 0.08 percent from the last session. 

Coinbase Global Inc (NASDAQ:COIN) is in the shareholder spotlight after the events that led to the collapse of the FTX exchange. So CEO Brian Armstrong throws water on the fire by clarifying the company’s position:

“Coinbase is not in trouble. We are very well capitalized – we have $5 billion of cash on our balance sheet and we hold those assets in dollars, so we are not exposed to the volatility of cryptocurrencies. Clients’ funds are segregated, that’s an important thing to consider”.

George Michael Belardinelli

A former corporate manager at Carifac Spa and later at Veneto Banca Scpa, blogger and Rhumière, over the years he has become passionate about philosophy and the opportunities that innovation and the media make available to us, in particular the metaverse and augmented reality

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