Uber, Pfizer, Tesla, Carvana Rise Premarket; Eli Lilly Falls

Tesla’s (TSLA) Chinese Deliveries Slip in October Following Record Highs

Teslas (NASDAQ: TSLA) China deliveries fell in October after reaching record highs the month before. According to Chinas Passenger Car Association, the company shipped 71,704 cars from its Shanghai plant. Thats up from a year ago, but down from a record high of 83,135... More

Ford (F) Releases October Sales Numbers: EV Segment Jumps 2.2% YoY

Shares of Ford Motor Company (NYSE: F) are down 1.04% in early trading on Wednesday after the company released their sales numbers from the month of October. The American automaker reported 158,327 vehicles sold, 6,261 of which were electric models.

According to data released by the company, Fords October share of the electric vehicle segment was up 2.2 percentage points... More

Bernstein Reiterates Underperform Following Tesla (TSLA) Software Valuation

Bernstein reiterated an Underperform rating and $150.00 price target on Tesla Inc. (NASDAQ: TSLA) following an analysis of the companys software value. Analyst, Toni Sacconaghi sought to weigh-in to an ongoing debate about whether or not Tesla should be valued as a tech/software company or an auto manufacturer.

Tesla has two main sources of automotive software revenue today. First is deferred revenue recognition from software updates, which amounted to $48M last quarter, or ~$5/month per car in the installed base. Wrote Sacconaghi. The second source of software... More

Tesla (TSLA) Closes Flagship Showroom in Beijing

According to a report by Reuters, citing people familiar with the matter, Tesla (NASDAQ: TSLA) has closed the companys flagship showroom in Beijing, China. The Beijing showroom was in Parkview Green, an upscale downtown shopping center. A member of the mall's staff confirmed to Reuters during a visit to the site on Wednesday that Tesla had shut the showroom.... More

Tesla (TSLA) to Bring Workers from China to Boost Production in Fremont

A story by Bloomberg today, citing people familiar with the plans, reports that electric vehicle giant Tesla (NASDAQ: TSLA) is sending engineers and production staff from its recently upgraded Shanghai factory to its plant in Fremont, California. Tesla believes that the move is necessary to boost production at the US facility.

The carmaker will dispatch... More

Carvana (CVNA) Not Out of the Woods On Fundamentals Despite JPMorgan Upgrade

Carvana Co. (NYSE: CVNA) was raised to Neutral from Underweight, with its price target kept at $20 per share by JPMorgan analyst Rajat Gupta on Tuesday.

Gupta stated that while the company is not yet "out of the woods on fundamentals," its risks seem better understood.

"Since the KMX print, which started the recent leg of... More