Tesla (TSLA) PT Raised to $1,245 at CFRA

California Declines Tesla's (TSLA) Challenge to Racial Bias Lawsuit

California's Office of Administrative Law, in a letter, declined to review Tesla Inc's (NASDAQ: TSLA) claim that the state's civil rights watchdog suing the company is rushing without conducting full investigations.

the Department of Civil Rights (DCR) has filed a pending lawsuit against... More

Ford (F) Announces 3,000 Job Cuts

Ford Motor Company (NYSE: F) announced on Monday that the company will cut 3,000 salaried and contract jobs as it restructures to catch up with Tesla (NASDAQ: TSLA) in the race for software driven electric vehicles. The cuts... More

Tesla (TSLA) to Raise FSD Price to $15K

Tesla (NASDAQ: TSLA) CEO, Elon Musk announced on Twitter Sunday that the electric vehicle company would be increasing the price of its full self-driving program by 25%. The price will increase to $15,000 from $12,000 on Sept. 5, Musk said in a tweet.

After wide... More

Judge Orders Tesla (TSLA) Case Against Former Engineer Goes to Arbitration

San Francisco federal judge James Donato ordered that a dispute between Tesla Inc (NASDAQ: TSLA) and its former engineer Alexander Yatskov to arbitration following a Thursday hearing.

Tesla sued Yatskov in May for allegedly taking confidential information about the company's Dojo AI-training supercomputer and... More

Lucid Motors (LCID) Introduces Tri-Motor Lucid Air Sapphire

American electric vehicle manufacturer Lucid Motors (NASDAQ: LCID) on Friday introduced Sapphire, Lucid's new ultra-high-performance brand. The new brand will be led by the worlds first fully electric luxury super-sports sedan, the new Lucid Air Sapphire.

With an expected price tag of $249,000, the Sapphire is equipped with the highly anticipated three-motor powertrain, featuring a new twin motor rear-drive unit and a single motor front-drive unit.

"With three state-of-the-art electric motors all developed and manufactured in-house by Lucid Lucid Air Sapphire reaches an entirely new level of performance," said Eric Bach, SVP of... More

Tesla (TSLA) Seeks Hearing Following Allegations by California Regulators

According to a report by Reuters published Thursday, electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) has asked for a hearing to present a defense after it was accused by a California state transportation regulator of falsely advertising its Autopilot and Full Self-Driving features as providing... More

Tesla (TSLA) Cuts Waiting Times in China to Minimum 4 Weeks

Tesla (NASDAQ: TSLA) is seeing positive movement in early trading on Thursday after the company announced that they were cutting the delivery waiting period for Model 3 and Model Y cars in China.

The waiting time for the rear-wheel drive Model Y sport utility vehicle is now four to eight weeks, while buyers of other versions of the SUV and Model... More

CFRA Raises PT, Estimates on Tesla (TSLA) as Inflation Bill Cuts Competition

CFRA analyst, Garrett Nelson reiterated a strong Buy rating on Tesla (NASDAQ: TSLA) and raised the price target to $1,245 from $1,125. Nelson raised CFRAs EPS estimate to $12.45 from $11.90 for '22, to $17.25 from $16.20 for '23, and to $20.75 from $18.75 for '24.

Nelson feels that... More