Cautious Investors Not Rewarding Retech Technology Co., Limited’s (ASX:RTE) Performance Completely

Retech Technology Co., Limited’s (ASX:RTE) price-to-earnings (or “P/E”) ratio of 7.5x might make it look like a strong buy right now compared to the market in Australia, where around half of the companies have P/E ratios above 16x and even P/E’s above 30x are quite common. However, the P/E might be quite low for a reason and it requires further investigation to determine if it’s justified.

With earnings growth that’s superior to most other companies of late, Retech Technology has been doing relatively well. One possibility is that the P/E is low because investors think this strong earnings

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Tesla’s approach to self-driving technology is completely different from its rivals. See how it works.

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Business Insider

Hands on the wheel, please!
Hands on the wheel, please!

REUTERS/Alexandria Sage/File Photo

  • Tesla has taken a radically different path to developing fully autonomous vehicles, when compared with competitors, such as Waymo and Cruise.

  • Tesla CEO Elon Musk is confident; last week, he said Tesla could achieve “level five” autonomy this year — meaning no human intervention required.

  • Waymo and Cruise have concentrated in relatively narrow use-cases, while Tesla’s technology could be be broadly applied. 

  • But Waymo and Cruise are also dedicated self-driving companies, while Tesla is also producing and supporting electric vehicles.

  • Visit Business Insider’s homepage for more stories

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