Tesla, Meta Platforms, Alibaba Fall Premarket; Walmart, WeWork Rise

Goldman Comments on Meta Platforms (META) Q3 2022 Earnings

Goldman Sachs analyst Eric Sheridan comments "We would expect investors to have an initial negative reaction to META's Q3 22 earnings report with a mixed set of results. On the positive, FX-neutral advertising revenue growth of +3% YoY was better than feared and in the top end of the guided range. In... More

JPMorgan Summary of Meta Platforms (META) Q3 2022 Earnings

JPMorgan analyst Jack Atherton comments "META (-11% post mkt): Q3 revenue +2% FXN vs whispers +LSD%. Reported revenue $27.7b (-4%) vs guide $26.0- 28.5b. Family DAPs 2.93b vs Q2 2.88b; Facebook DAUs 1.98b vs Q2 1.97b. EPS $1.64 vs St $1.90. On the outlook, mgmt guiding to Q4 $30.0-32.5b... More

Tesla (TSLA) Faces Criminal Probe Over Self-Driving Claims

An exclusive story by Reuters reports that American electric vehicle giant, Tesla Inc (NASDAQ: TSLA) is under criminal investigation by the United States over claims that the companys electric vehicles can drive themselves.

According to people familiar with the matter, the U.S. Department of Justice launched the previously undisclosed probe last year following more than a dozen crashes, some of them fatal, involving Teslas driver assistance system Autopilot, which was activated during the accidents.

Musk said in an interview with Automotive News in 2020 that Autopilot problems stem from... More

Tesla (TSLA) Semi Gains EPA Certification and Will Begin Deliveries

Today it was announced in an exclusive report by Teslarati.com that Tesla (NASDAQ: TSLA) has officially gained approval by the EPA to begin deliveries of their electric Tesla Semi to customers. The EPA told Teslarati that the 2023 Tesla Semi has officially been granted a Certificate of... More

Wolfe Adjusts Estimates Following Tesla’s (TSLA) Price Cuts in China

Shares of electric vehicle company, Tesla Inc. (NASDAQ: TSLA) were down 1.49% at the close of trading on Monday after the electric vehicle company announced that they would be cutting the price of their popular Model 3 and Model Y by around 5%. The stock initially reacted sharply to the news, trading down about 7% at one point. But the... More

Deutsche Bank Unsurprised Following Tesla (TSLA) Price Cuts

Shares of Tesla (NASDAQ: TSLA) are down 0.73% in pre-market trading on Tuesday after price cuts saw the electric vehicle stock close at 211.25 on Monday, down 1.49%. Chinese electric vehicle stocks followed suit with declines averaging 15% compared to the NASDAQs +1%. Deutsche Bank attributes this weakness to negative surprise around the new Chinese leadership selection, lack of updates surrounding COVID zero policies, and concerns following Teslas price cuts.

Tesla lowered the domestic China price for their Model 3 and Model Y by around 5% on Monday. The cuts were not unexpected and should not come... More

Tesla (TSLA) Releases Software Update

Electric 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

Tesla (TSLA) Has Pulled the Pricing Demand Lever in China - RBC Capital

Following news on Monday that Tesla (NASDAQ: TSLA) has cut the prices of its Model 3 and Model Y in China, RBC Capital analyst Joseph Spak told investors bearishness on the company's shares has increased primarily on demand in China and the price... More

U.S. Listed Chinese Stocks Tumble On Concerns About Xi's Third Term

Chinese companies listed on U.S. exchanges experienced a sharp decline on Monday due to investor worries that Chinese President Xi Jinping's policies, which have resulted in a slowing economy, will continue.

Xi Jinping was confirmed as leader of the CCP for a third five-year term. There has been a... 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'

RBC 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

Meta Platforms (META) Should Reduce Headcount Expense by 20% - Altimeter Capital

In an open letter to Meta Platforms (NASDAQ: META) on Monday, Altimeter Capital Chair and CEO Brad Gerstner said that the social media and metaverse company needs to get its mojo back and re-build confidence with investors through a reduction in headcount, Capex and limiting investment in the metaverse.

Gerstner recommends that Meta reduce its headcount expense by at least 20%, lower annual Capex by at least $5 billion from $30 billion to $25 billion, and limit investment in its metaverse/Reality Labs division to... More