Former Tesla executive joins board of rival automaker GM

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Bernstein's Impression of Tesla's (TSLA) Optimus Robot: 'Why Humanoid?'

October 6, 2022 7:25 AM EDT

Tesla Inc (NASDAQ: TSLA) featured their newest Optimus prototype at the companys AI day on September 30th. Two models were shown of the humanoid robot, a walking prototype Bumble-C for internal development, and a near-production version, which is intended for commercial release in the future.

Bernstein analyst Jay Huang gave his first impression of the Optimus in a note, writing, Optimus... More

Mizuho Cuts Price Target on Tesla (TSLA)

October 6, 2022 7:05 AM EDT

Mizuho Securities reiterated a Buy rating on Tesla (NASDAQ: TSLA) and lowered the price target to $370.00 (from 391.67) following the release of the electric vehicle companys September delivery numbers.

Teslas deliveries were 42% to 343.8k units compared to the same time last year. However, the company... More

Morgan Stanley Upgrades Ford (F) to Overweight; Cuts Price Target on General Motors (GM)

October 5, 2022 7:34 AM EDT

Morgan Stanley upgraded coverage on Ford Motor Company (NYSE: F) to Overweight (from Equal-Weight) and lowered their price target on General Motors (NYSE: GM) to $30 (from $42) based on valuation and preference.

Analyst, Adam Jonas wrote in a note, Our preference for Ford vis-à-vis GM is driven by our views of the business portfolio and strategy. Both... More