After-Hours Movers: Alcoa, Tesla Fall Following Earnings, IBM Gains
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October 21, 2022 2:28 PM EDT
An exclusive report by Reuters today shows that the worlds top electric vehicle makers are prepared to spend nearly $1.2 trillion through 2030 to develop and produce electric vehicles, along with the batteries and raw materials to support production.
Reuters compiled public data and projections released by these companies to show that the EV investment figures dwarf previous investment estimates by analysts and is more than twice the most recent calculation published by the site just a year ago. Automakers have forecast plans to build 54 million battery electric vehicles in 2030, representing more than 50% of total vehicle production, according to the... More
October 20, 2022 9:16 AM EDT
BofA Securities analyst John Murphy raised the price target on Tesla (NASDAQ: TSLA) to $325.00 (from $315.00) while maintaining a Neutral rating following Q3 results.
The analyst commented, "SLA reported 3Q:22 non-GAAP EPS of $1.05, above both our estimate of $0.95 and the Street at $1.01... More
October 20, 2022 7:33 AM EDT
Shares of Tesla, Inc. (NASDAQ: TSLA) are down 4.69% in pre-market trading on Thursday after Retail activist shareholder platform Tulipshare called on the electric vehicle company to tie its executive pay to environmental, social and governance (ESG) factors. The activist group said it... More
