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Sudury to add 10 EV chargers as demand spikes

Sudury to add 10 EV chargers as demand spikes

CTV News15 hours ago

Greater Sudbury will install 10 new EV charging stations after city council approved the plan last week. The move follows a 360% spike in local EV registrations since 2021. Staff will seek bids for the project.

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Tesla Inc: Analyst Update & Stock Analysis
Tesla Inc: Analyst Update & Stock Analysis

Globe and Mail

time40 minutes ago

  • Globe and Mail

Tesla Inc: Analyst Update & Stock Analysis

Tesla Inc. (TSLA) (About (STA Research): Is a Canadian investment research company, consisting of Financial Professionals specializing in advanced stock research and analysis). Coverage Update Cantor Fitzgerald analyst, Andres Sheppard has reiterated the investment firm's 'Overweight' rating on Tesla Inc., maintaining a 12-month price target of $355.00. This reaffirmation reflects continued confidence in Tesla's long-term growth potential, driven by its leadership in the electric vehicle (EV) sector, ongoing advancements in battery technology, and expanding global production capacity. The Overweight rating suggests that Cantor believes Tesla shares are poised to outperform the broader market or sector average. The price target implies a substantial upside from current trading levels, signaling optimism around the company's ability to scale operations, improve margins, and capitalize on the accelerating global transition to clean energy transportation. Stock Forecast & Analysis As of June 17, 2025, Tesla is trading at $329.13, reflecting a 1.17% increase from the previous close. The stock has experienced a 37% rally since late April, bolstered by investor optimism surrounding Tesla's advancements in artificial intelligence and autonomous vehicle technology, particularly the anticipated launch of its robotaxi service in Austin, Texas, on June 22 Analyst sentiment on Tesla remains mixed, as the consensus rating is 'Hold,' with an average 12-month price target of $289, suggesting a potential downside of approximately 12% from the current trading price . The basis for the cautious approch, is that some analysts have concerns over regulatory issues and increased competition in the electric vehicle market sector. Financial Fundamentals Tesla has exhibited strong revenue growth over the past five years, with a compound annual growth rate (CAGR) of approximately 30%. While its gross margin has compressed to around 17–18% due to pricing cuts and higher input costs (down from previous highs above 25%), the company maintains solid profitability. Operating margins range between 9% and 11%, and net profit margins are approximately 7–10%, which are higher than those of most traditional automakers. Tesla's return on equity (ROE) is strong at around 18–20%, and return on assets (ROA) stands at about 10–12%. From a liquidity standpoint, Tesla is in a healthy position, with a current ratio of roughly 1.5× and a low debt-to-equity ratio of about 0.10×, indicating minimal reliance on leverage. Its interest coverage ratio is well above 20×, reflecting strong ability to meet its financial obligations. The company holds more than $25 billion in cash, providing ample operational and strategic flexibility. Tesla also generates solid free cash flow, currently estimated at $8–10 billion on a trailing 12-month basis. Capital expenditures are rising, reflecting continued investments in artificial intelligence infrastructure and new gigafactories. Its operating cash flow remains consistently positive and supports its growth plans. In terms of valuation, Tesla trades at a forward price-to-earnings (P/E) ratio of around 75× (2025 estimates), significantly higher than the auto industry average. Its EV/EBITDA multiple is also elevated, and the PEG ratio exceeds 2.0×, indicating that the stock is priced at a premium relative to its expected earnings growth. Outlook Tesla Inc. operates in the electric vehicle (EV), energy storage, and AI-powered autonomous technology sectors. It is widely recognized not only as a car manufacturer but also as a technology and energy innovation company. The company's strong brand, vertically integrated business model, extensive charging infrastructure, and first-mover advantage in self-driving technology have helped it establish a significant competitive edge. However, Tesla faces several structural and execution risks, including rising competition from legacy automakers and EV-focused companies such as BYD, Ford, and Volkswagen, as well as increased regulatory scrutiny and heavy reliance on the leadership and public perception of CEO Elon Musk. However, looking at the company's overall picture, Tesla shows robust financial health, strong margins, and efficient capital management, though its current valuation reflects high investor expectations for continued innovation and long-term growth, however the valuation is purely based on the basis that the company is actually a Artifical Intelligence play, according to Ark's Cathy Woods.

‘Well worth the wait': New Saskatoon seniors residence officially opens this week
‘Well worth the wait': New Saskatoon seniors residence officially opens this week

CTV News

timean hour ago

  • CTV News

‘Well worth the wait': New Saskatoon seniors residence officially opens this week

Saskatchewan continues to suffer from a shortage of affordable housing. However, more than 200 seniors can now breathe a sigh of relief thanks to a new development that caters to those in their golden years. Elmer Mauthe moved into Columbian Village several months ago, after waiting three years for it to be built. 'I used to live in Candle Lake, and I sold my place there. We were supposed to move in here the next year, but we couldn't get in for another two years, so we had to rent a place in Saskatoon, but it was well worth the wait,' Mauthe told CTV News. Columbian Village officially opens this week. It has created 90 apartments and 43 assisted living units. With rental shortage across the country, that's something that is vital, according to Mauthe. 'There's too many seniors and not enough places to go, and that's what's the problem,' he said. This is faith-based housing that relies on fundraising and government support and it's open to anyone. 'The market's crazy because of a shortage in the city of Saskatoon and all over the country. We as an organization are supplying a service to a lot of people,' KC. Charities board member Bob Jeanneau explained. Medical access is key for seniors which means moving from rural areas to the cities. 'The issue of health care for seniors is that you're pretty well have to move into the main areas, which is a big, big problem because of them not being able to access health care in their towns and villages,' Norma Denis, Executive Director the KC Charities says. A recent survey shows that Saskatoon is 22nd most expensive city for rent in the country. For a one-bedroom suite, Vancouver, Burnaby and Toronto top the list. Saskatoon and Regina are in the 22 and 23 spots, right behind Edmonton. The survey shows that the median price of a one bedroom is $1,290, while Regina is $1,240. Housing prices Saskatoon, Regina Rent prices for a one bedroom apartment. Saskatoon and Regina rank 22 and 23 respectively. (Source: Zumper) Rent at Columbian Village is slightly higher at $1,350, but with all the amenities, its worth it, according to those who made the choice. As for Mauthe, the commitment to not raise rent like many others are seeing across the rental market is reassuring. 'I can see it not going high because it's under the Knights of Columbus and they're looking after senior people.' The waiting list to get into the newly opened building is lengthy already having filled up within a few months when it was first announced in 2022. KC Charities is planning to build more housing in the coming years.

WSIB Blocks Path to Resolution as Strike Enters Fourth Week
WSIB Blocks Path to Resolution as Strike Enters Fourth Week

National Post

timean hour ago

  • National Post

WSIB Blocks Path to Resolution as Strike Enters Fourth Week

Article content TORONTO — After a full weekend of mediated negotiations aimed at ending the ongoing strike, the union representing more than 3,600 Workplace Safety and Insurance Board (WSIB) employees says the agency is once again delaying a fair resolution, this time by rejecting a neutral path forward: a supervised vote by its own workforce. Article content OCEU/CUPE 1750 says that despite extensive efforts by the union to move bargaining ahead, including participating in intensive mediation all weekend and through Monday, WSIB shut down the latest opportunity for progress. The employer has the option to request a government supervised vote on their final offer, but WSIB squashed that option. Article content 'WSIB is blocking even the most reasonable steps forward,' said Harry Goslin, President of OCEU/CUPE 1750. 'They refused to let their own workers vote on their own offer. What are they afraid of? This isn't how a serious employer acts, it's how you stall, delay, and deepen a crisis.' Article content This latest refusal comes as backlogs grow, and frontline services remain disrupted across Ontario. Internal memos have already confirmed that the strike is leading to delayed claims and shortcuts that risk long-term harm to injured workers. Meanwhile, a follow-up mental health survey conducted by the Occupational Health Clinics for Ontario Workers (OHCOW) reveals that WSIB staff are now facing rates of anxiety and depression twice the national average —among the worst findings OHCOW has seen in more than a decade. Article content OCEU/CUPE 1750 members have been on strike since May 21, fighting for fair wages, manageable workloads, and an end to reckless outsourcing of Ontario jobs. This marks the first strike in WSIB's 110-year history. Article content Despite repeated efforts by the union to find common ground, including meaningful movement on wages, workload, and seniority — WSIB continues to advance proposals that ignore the realities facing staff and stall any serious progress. Article content 'The people on the picket lines want to get back to work and restore services,' Goslin said. 'The WSIB won't improve their offer and won't use the tools available to them to bring their deal to the workforce. It's WSIB that's refusing to move, and the Ford government is enabling that delay. These delay tactics are hurting Ontario's injured.' Article content OCEU/CUPE 1750 is calling on WSIB leadership and the provincial government to end the delay tactics, stop interfering in the process, and finally deliver a fair deal that respects the workers who keep Ontario's compensation system running, and the injured workers who rely on it. Article content Article content Article content Article content Article content Contacts Article content For more information, please contact: Article content Article content Bill Chalupiak Article content Article content Article content

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