Investors should ‘zoom out’ and look past Tesla’s short-term struggles, says ARK Invest

With Tesla reporting earnings on Tuesday, even the biggest Tesla bulls are expecting some letdown.

“I wouldn’t be surprised about some short-term upsets,” Tasha Keeney, ARK Invest’s Director of Investment Analysis, told CNBC’s Last Call on Monday. “But I think the long-term story is EVs are here to stay.”

ARK Invest’s current price target for Tesla stock is $2,000 by 2027. This aggressive projection implies an upside of 1,300% from Tesla’s closing price of $142 on Monday.

The electric vehicle maker’s shares fell for the seventh consecutive session on Monday after cutting prices on several models, sending the stock to a 15-month low.

“Tesla’s prices are so competitive,” Keeney said. “It’s going to be very hard for any other company to catch up to them at this point.”

Keeney emphasized that ARK Invest is focused on the long-term innovations Tesla is poised to capitalize on — like robotaxis.

“It’s single-handedly pushed forward the electric vehicle industry. I think it’s going to do the same for autonomous driving,” Keeney said. “So that’s what we’re focused on — that long-term story.”

WATCH FULL INTERVIEW ON CNBC.COM

‘Feels like the enemy is within’ Boeing airplanes, says pilot

Boeing’s recent troubles have put some pilots on high alert when they enter the cockpit.

“It gives me even more pause when I get on the airplane,” Dennis Tajer, spokesperson for the Allied Pilots Association and a pilot for American Airlines, told CNBC’s Last Call on Tuesday. “And not a pause of concern of flying it – but making sure I’m watching it like a hawk.”

Multiple incidents involving Boeing planes have made headlines over the past several days, including one in which at least 50 people were injured on a 787 Dreamliner after passengers say it descended rapidly on a flight from Australia to New Zealand. The cause of that incident is under investigation, but carrier LATAM Airlines referred to it as a “technical event.”

On Tuesday, Southwest and Alaska Air said their flying plans were at risk amid Boeing’s ongoing quality-control concerns.

“Every airline is basically fighting to ensure that their network plan is not undermined by this failure of Boeing,” said Tajer, a Boeing 737 captain. “And it changes every day.”

Despite the time he spent flying Boeing 707s in Desert Storm for the U.S. Air Force, Tajer said he thinks about the dangers of flying more than he ever has before.

“I was in the military and Boeing planes saved my tail many times in combat,” Tajer said. “The enemy was outside the airplane. Now it feels like the enemy is within.”

WATCH FULL INTERVIEW ON CNBC.COM

Article: U.N. Representative gives ‘eye opening’ address on global sexual violence to FAU students and staff

A crowded room consisting of Florida Atlantic University students and faculty members gathered in the Live Oak Pavillion on Wednesday to hear Zainab Hawab Bangura speak on the sensitive issue of sexual violence in areas of conflict around the world.

Bangura was appointed as Special Representative of the United Nations Secretary General on Sexual Violence in Conflict in 2012 following a lifetime of activism in her home country of Sierra Leone, according to the U.N.’s website.

Being her first speech in 2016, Bangura spoke about raising awareness and increasing the number of influential female leaders in countries ravaged by sexual violence.

“Young girls cannot be what they don’t see,” Bangura said.

Secretary and ‘Her’storian of FAU’s Feminist Graduate Student Association, Selena Quiros found the keynote speaker effective at communicating a global message to a local audience.

“To see someone there, politically representing these issues was really eye opening,” Quiros said. “It’s just something that’s thrown at you because in this country we don’t really hear about global issues too much.”

FAU’s Provost and Vice President of Academic affairs, Gary Perry, explained that the University should feel privileged to have such a noteworthy person speaking on campus.

“This is just an incredible woman doing an incredible job,” Perry said. “It’s remarkable to me that even with the authority and power, if you will, of the United Nations that things don’t get done… if the member nations are not prepared to step up to the plate.”

Following the address, Perry had a chance to speak privately with the U.N. representative.

“I just said to her that it must be very frustrating to know all of this and realize you’re the United Nations and still, you can’t really… bring a resolution to all of these problems,” he said.

Also in attendance at the event was Boca Raton Mayor Susan Haynie, who fielded a question about the city’s Human Trafficking Awareness Month.

“We intend to have focus groups, continue the education and the awareness and make certain that our law enforcement are aware and are tuned into seeing the signs,” Haynie said. “I understand that a lot of our transit areas are putting up posters, giving awareness of human trafficking.”

Perry conceded that the best course of action, given the state of unsupportive governments in the cause, is to raise awareness.

“You heard the Mayor Susan Haynie,” he said. “Even here in Boca Raton, one of the most affluent parts of the country, trafficking goes on and who’s aware of it?”

Providing gruesome anecdotes of inhumanity against women in areas under the control of terrorist groups, Bangura admits the U.N. cannot keep track of all of the sexual assault taking place.

“The fact is we simply do not know the full extent of these crimes. It is estimated that 10 or 20 more go unreported,” Bangura said. “Many crimes go unpunished, completely hidden.”

Bima Nalerio, a Graduate student seeking her Master’s degree in Social Justice at FAU, is trained to help sex trafficking survivors.

“To see that we have these kinds of leaders that have led the path for human’s rights and women’s rights, it really gives me hope for the future,” Nalerio said. “Until we put human rights above profit margins, human rights will always be violated.”

Nalerio drew a mixed reaction of appall and laughter from the mostly female audience after stating her question to Bangura, asking why men are so destructive.

“I felt like ‘when else am I going to have the opportunity to ask this kind of question to someone with this much experience?’”

Bangura credited prayer and her spirituality in helping her remain strong against the atrocities she faces every day.

“I can’t answer your question,” Bangura said. “What I have learned is that it is man’s inhumanity against man.”
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