Nike, Rent-A-Center Fall Premarket; Amylyx, Micron and Meta Platforms Rise

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

Altria's (MO) Move to End Noncompete Agreement 'Makes Sense'

On Friday, Altria Group (NYSE: MO) said in an SEC filing that it exercised its option to be released from its noncompete agreement with vaping company Juul Labs Inc.

The Marlboro maker exercised the option almost four years after acquiring a 35% stake in Juul, at the peak of its popularity. The move means Altria can acquire another e-cigarette company.

Altria has faced several problems since its investment... More