Workday, Boeing, Tesla and Airbnb rise premarket; Crowdstrike falls

Morningstar reiterates $250 FVE on Tesla (TSLA); says stock is 'undervalued'

Shares of Tesla (NASDAQ: TSLA) are down 1.57% in mid-day trading on Friday after Morningstar released a report reiterating a $250 fair value estimate on the company. Analyst Seth Goldstein views the shares as currently undervalued, with the stock trading in four-star territory.

Goldstein... More

United Airlines (UAL) nearing deal to order dozens of Boeing 787 Dreamliners - WSJ

United Airlines (NASDAQ: UAL) is reportedly close to an agreement to order "dozens" of Boeing (NYSE: BA) 787 Dreamliners, according to The Wall Street Journal on Friday.

Boeing shares have jumped more than 3%.

Citing people... More

Tesla (TSLA) delivers first EV Semi-truck; no update on output or pricing

Electric vehicle giant, Tesla (NASDAQ: TSLA) delivered the companys first heavy-duty Semi on Thursday to PepsiCo (NASDAQ: PEP) without offering updated forecasts for the truck's pricing, production plans or how much cargo it could haul.

CEO, Elon Musk appeared... More

Morgan Stanley reiterates Overweight on Tesla (TSLA) as EV market faces pressure

Shares of Tesla (NASDAQ: TSLA) are up 0.36% in pre-market trading on Friday after Morgan Stanley reiterated an Overweight rating and $330.00 price target for the company. Analyst, Adam Jonas believes that the electric vehicle company, along with all EV makers, may face downward pressure as demand for electric vehicles slows.

However, a report from Morgan Stanleys s commodities strategists and a cross-sector team of equity analysts found that, as EV demand slows,... More

Jefferies sees up to 90% chance Horizon Therapeutics (HZNP) gets acquired, with $125 base case

Jefferies analyst Akash Tewari was the latest Wall Street analyst to weigh in on the takeover prospects of Horizon Therapeutics (NASDAQ: HZNP) after the company announced Tuesday that it is in preliminary talks with three large pharmaceutical companies about a potential buyout.

Tewari is positive on the prospects of a deal and sees one happening in the $25-$30 billion range, which he also said does not bake in Tepezza peak sales of $4 billion.

The analyst said the... More

Tesla (TSLA) recalls 435,000 EVs in China over marker light issue

According to a Chinese regulatory body Tesla (NASDAQ: TSLA) will issue software updates for more than 435,000 vehicles in China to fix an issue with side marker lights that could in extreme circumstances lead to a collision. The fix, which counts as a recall, covers... More

Morgan Stanley Bullish on Tesla (TSLA) heading in to 'disappointing year for EVs'

Shares of electric vehicle maker, Tesla Inc. (NASDAQ: TSLA) are up 0.28% in pre-market trading on Thursday after Morgan Stanley reiterated an Outperform rating and $330.00 price target. Analyst, Adam Jonas believes that 2023 is shaping up to be a disappointing year for EVs.

Jonas wrote in a note, 2023 is setting up to be a narrative changing year as EV sales growth decelerates significantly from 68% YTD to as little as 15 to 20% growth next year. At... More

BYD tops the charts in China; Tesla doubles sales

Brokerage data from China Merchants Bank International (CMBI) showed BYD as the top-selling brand in China in the first four weeks of November, outperforming Volkswagen. The reversal highlights the pressure on legacy brands in the world's largest auto market.

Teslas (NASDAQ:... More

Ford (F) builds 150,000th Mustang Mach-E

Ford (NYSE: F) announced Wednesday that the company has produced its 150,000th Mustang Mach-E since starting production nearly two years ago. As the company scales EV production, almost all of Mustang Mach-Es growth to date is coming from customers replacing an internal combustion vehicle with electric, proving that Ford is creating electric vehicles that meet broad customer needs.

Strong demand for the Mach-E has propelled Ford... More