Deutsche Bank Bullish Ahead of Tesla’s (TSLA) AI Day and 3Q Report

UBS Reiterates Buy Following Tesla (TSLA) 3Q Deliveries and AI Day

UBS reiterated a Buy rating and $367.00 price target on Tesla (NASDAQ: TSLA) following the companys 3Q delivery report. The electric vehicle company delivered 343,830 vehicles in the 3Q, a miss compated to the consensus estimate of 364k. However, production was in line with estimates at 365,923 units produced.

Tesla said in the release that as our production volumes continue to grow, it is becoming increasingly challenging to secure vehicle transportation capacity and at a reasonable cost during these peak logistics weeks. In Q3, we began... More

Morgan Stanley Remains Bullish Following Tesla (TSLA) 3Q Delivery Miss

Morgan Stanley reiterated an Overweight rating and $383.00 price target on Tesla (NASDAQ: TSLA) following the companys 3Q delivery report. The electric vehicle makers 3Q delivery volume missed consensus estimates by 5% and Morgan Stanley estimates by 10%. Management cited logistics bottlenecks as the reason for the... More

Truist Raises Price Target Following Tesla (TSLA) AI Day

Truist Securities reiterated a Buy rating on electric vehicle maker, Tesla (NASDAQ: TSLA) and raised the price target to $348.00 (From $333.33) following the companys AI day on Friday. During the event, Tesla provided updates to their Full Self-driving program (FSD), Dojo, and their progress with the humanoid AI robot, Optimus.

Tesla announced the Optimus at last years AI day with a person wearing a robot costume. This year, company brought a real robot. While a live demo was limited to showing the robot walking, waving, and dancing, a video demonstration showed... More

Internal Tesla (TSLA) Report Forecasts 4Q Output Jump and Growth Through 2023

A report by Reuters Friday, citing internal plans, shows that electric vehicle company, Tesla Inc. (NASDAQ: TSLA) plans to push global production of its top-selling Model Y and Model 3 electric vehicles sharply higher in the fourth quarter. The forecast covers the next four consecutive quarters and begins with the objective to produce almost 495,000 Model Y and Model 3s in the fourth quarter of this year.

The company then plans to build on that growth... More

General Motors (GM) Closes at $33 IPO Price; Morgan Stanley Remains Neutral

Morgan Stanley reiterated an in-line rating and $42.00 price target on General Motors (GM) after the automotive company closed at its $33 IPO Price on Thursday. GMs share price has appreciated 0% over what some analysts believe may have been one of the greatest areas of consumer credit/auto credit tailwinds in history. Over the same time,... More

Bernstein Analyst Highlights His Tesla (TSLA) Experience: 'I am not sure whether I will ever purchase another vehicle again from Tesla'

Shares of Tesla Inc. (NASDAQ: TSLA) are up 0.41% in pre-market trading Friday, ahead of the electric vehicle companys AI day and 3Q earnings release.

Senior analyst, Toni Sacconaghi of AB Bernstein wrote a note detailing his personal experience with the automaker. Sacconaghi highlights several issues with Teslas execution of delivery and customer service.

Sacconaghi wrote in the note: My family took delivery of a Tesla Long Range Model Y in September. It was our third Tesla (we leased a Model X from 2016-2019, and a Model 3 from 2019 to 2022). Our... More

UBS Updates Global Auto Model on Weak Macro Data: 'Goodbye Auto Production Recovery'

UBS Research updated its global auto model as they believe falling demand will keep 2023 production flat compared to last year.

Analyst, Patrick Hummel wrote in a note that it is overwhelmingly likely that rapidly weakening macro data have a severe negative impact on auto demand in 2023, in all... More

Deutsche Bank Remains 'impressed' with Tesla (TSLA) Operational Execution, BUY and $400 PT

Deutsche Bank analyst Emmanuel Rosner reiterated a Buy rating and $400.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Beyond the quarter, we remain impressed with Teslas operational execution in the face of large industry supply chain challenges and note that the company is working its way to ramp up volume in lower COGS regions. The Shanghai factory has recently completed a project... More

Tesla (TSLA) 30-day option implied volatility at 71 into Tesla AI Day 2022

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 71; compared to its 52-week range of 36 to 84 into Tesla AI Day 2022.

Tesla (TSLA) 30-day option implied volatility at 71

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 71; compared to its 52-week range of 36 to 84.

Active options: TSLA AAPL AMZN AMD NVDA NFLX META F CCL GOOGL

Active options: TSLA AAPL AMZN AMD NVDA NFLX META F CCL GOOGL

New York to Adopt California’s Rules to sell 100% Electric Vehicles by 2035

New York Governor, Kathy Hochul announced Thursday that the state plans to adopt California's rules approved in August that would require all new vehicles sold in the state by 2035 to be either electric or plug-in electric hybrids.

Hochul said in a statement that she has directed a state environmental agency to propose and... More

Elon Musk: 'Cybertruck will be waterproof enough to serve briefly as a boat'

Tesla (NASDAQ: TSLA) CEO, Elon Musk posted on Twitter (NYSE: TWTR) Thursday that the companys much-anticipated Cybertruck will be waterproof enough to serve briefly as a boat, so it can cross rivers, lakes & even seas that arent too choppy.

Musk went on replying to his own tweet saying that the truck Needs be able to get from Starbase to South... More

Wedbush Previews Tesla (TSLA) AI Day; Reiterates Outperform

Shares of Tesla, Inc. (NASDAQ: TSLA) are down 4.82% in mid-day trading ahead of the companys AI day tomorrow. Wedbush reiterated an Outperform rating with a price target of $360. The much-anticipated event is expected to feature several next generation technologies highlighting the R&D initiatives underway, including the companys humanoid robot along with further updates on FSD and Dojo.

The electric vehicle company is set to unveil a prototype of its humanoid robot, Optimus, which in theory will help users perform repetitive and dangerous tasks that will be able to drive... More

Cybertruck will be waterproof enough to serve briefly as a boat - Tesla's (TSLA) Elon Musk

Cybertruck will be waterproof enough to serve briefly as a boat - Tesla's (NASDAQ: TSLA) Elon Musk

Cybertruck will be waterproof enough to serve briefly as a boat, so it can cross rivers, lakes & even seas that arent too choppy

Tesla (TSLA) 30-day option implied volatility at 70 as shares sell off 5.7%

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 70; compared to its 52-week range of 36 to 84 as shares sell off 5.7%.

UPDATE: GM (GM), Ford (F) Weakness Appears to be Related to CarMax (KMX) Results

(Updated - September 29, 2022 9:53 AM EDT)

GM (NYSE: GM), Ford Motor (NYSE: F) Weakness Appears to be Related to CarMax (NYSE: KMX) Results

Piper Sandler Updates 3Q Delivery Expectations; Remains Bullish on Tesla (TSLA)

Shares of Tesla, Inc. (NASDAQ: TSLA) are down 1.67% in pre-market trading, Thursday after Piper Sandler updated their 3Q delivery expectations for the company. Piper Sandler reiterated an Overweight rating on the stock but cut the price target to $340 ($360 previously).

The investment company addressed changes to their expectations in a note along with speaking on client concerns regarding Tesla's positioning in China, given mid-August pricing noise.

Piper Sandler believes that consensus... More

Tesla (TSLA) PT Lowered to $340 at Piper Sandler, 'Still OW After Updating Q3 Ests. & Scrutinizing Concerns re: China Market Share'

Piper Sandler analyst Alexander Potter lowered the price target on Tesla (NASDAQ: TSLA) to $340.00 (from $360.00) while maintaining a Overweight rating.

The analyst comments "Recently, there has been an up-tick in client questions regarding Tesla's positioning in China, given mid-August pricing noise. We've also... More

Active options: AAPL TSLA AMZN META BABA NVDA AMD NFLX

Active options: AAPL TSLA AMZN META BABA NVDA AMD NFLX

2 Insider Sells, 1 Insider Buy of Interest Today

Insider buying and selling activities are important for investors to pay attention to. While insiders sell for many reasons, including taxes, it doesnt always send the right message to investors when the top person is selling. On the opposite side, insiders buy for one reason because they feel the... More

Today's Most Important Initiations

Truist Securities assumed coverage on Tesla (NASDAQ: TSLA) with a Buy rating and a price target of $333.33.

Northland Capital Markets initiated coverage on Sunrun (NASDAQ: RUN) with an Outperform rating and a price target of $60.00, expecting the U.S.... More

Tesla adds billionaire Airbnb co-founder Gebbia to board

(Reuters) -Tesla Inc said on Wednesday that Airbnb Inc co-founder Joseph Gebbia has joined the electric vehicle maker's board, reversing a move to trim the number of directors at the world's most valuable carmaker.

Tesla said in June it planned to have just seven board seats after the departure of Oracle Inc co-founder Larry Ellison in August, sparking criticism from a shareholder body over a lack of independent board members.

In July, SOC Investment Group filed... More

Tesla (TSLA) Appoints Joseph Gebbia to Board

(Updated - September 28, 2022 4:23 PM EDT)

Tesla (NASDAQ: TSLA) disclosed:

We are pleased to welcome Joe Gebbia to Teslas Board of Directors, effective September 25, 2022.

Gebbia, a designer and entrepreneur, has spent the last 14 years of his career as co-founder of Airbnb. The service he built with his co-founders transformed the hospitality industry, allowing travelers... More

Tesla (TSLA) SVP Baglino Files to Sell $3M in Stock

Tesla (NASDAQ: TSLA) SVP/Powertrain, Drew Baglino, filed 144 paperwork to sell 10,500 shares worth an estimated $3 million.

The date of the expected sale was 09/27/22 via E*Trade.

Shares were acquired via stock option exercise.

U.S. new vehicle sales to increase on strong demand - report

(Corrects grammatical error in paragraph 8)

(Reuters) -U.S. new vehicle sales are set to rise in September as consumers spent more money on new vehicles than any previous September on record, an industry report from consultants J.D. Power-LMC Automotive showed on Wednesday.

Customers have been unaffected by higher vehicle prices and lack of incentives or discounts from automakers, who have been... More

Morgan Stanley and Citi Remain Bullish ahead of Tesla (TSLA) AI Day and 3Q Delivery Numbers

Tesla, Inc. (NASDAQ: TSLA) is down 1.96% in pre-market trading on Wednesday ahead of the companys anticipated AI day on September 30th and 3Q delivery release.

Morgan Stanley analyst, Adam Jonas believes that the companys AI day is linked to CEO Elon Musks Master Plan X which will outline a mass industrialization of EVs and supporting supply chain that could see Tesla require... More