Tesla, Alcoa. Ericsson Fall Premarket; AT&T, IBM, American Airlines Rise
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Tesla (TSLA) Releases Software Update
October 24, 2022 2:14 PM EDTElectric vehicle maker, Tesla Inc. (NASDAQ: TSLA) released software update 2022.40.1 over the weekend, introducing improvements to Sentry Mode, Dog Mode, charging, radio stations, and driver door unlock mode.
The update started rolling out on Saturday with the latest version helping to improve the vehicles efficiency while Supercharging. If you choose to charge at a non-Tesla DC fast charger, the update should speed up the session there as well. This is because Tesla... More
RBC Capital Defending Tesla (TSLA) Amid 5% China Price Cuts: 'we are a bit less concerned than bears and believe this can help stimulate demand in China'
October 24, 2022 11:58 AM EDTRBC Capital analyst Joseph Spak reiterated an Outperform rating and $325.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Bearishness on TSLA has increased primarily on demand in China and the specter of price cuts. That has now occurred as the... More
Top EV Companies Prepare to Spend Nearly $1.2 Trillion Through 2030
October 21, 2022 2:28 PM EDTAn 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
Morgan Stanley Reiterates Overweight Rating on AT&T (T) Following 'Solid' Q3
October 20, 2022 12:30 PM EDTMorgan Stanley analyst Simon Flannery reiterated an Overweight rating and $22.00 price target on AT&T (NYSE: T) following "solid" Q3 results with good KPIs and guidance reiterated, although leverage remains elevated.
The analyst commented, "AT&Ts 3Q22 print should provide some encouragement following the disappointing 2Q22 print, with the company meeting or beating... More
Tesla (TSLA) PT Raised to $325 at BofA Securities
October 20, 2022 9:16 AM EDTBofA 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
