Tesla (TSLA) Market Value Falls Below $500 Billion - Bloomberg
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RBC Capital cuts price target as Tesla (TSLA) pressure continues
December 15, 2022 7:20 AM ESTRBC capital reiterated an Outperform rating on Tesla (NASDAQ: TSLA) and cut the price target to $225.00 (From $325.00) as the stock continues to feel pressure from concerned investors. Bears are concerned about how demand, pricing, auto-GMs and Elon Musks Twitter distraction are impacting the TSLA brand.
Analyst Joseph Spak wrote in a note,... More
BYD to launch new EV brand
December 15, 2022 7:06 AM ESTChinese automaker, BYD (OTC: BYDDY) announced today that the company will be launching a new "professional and personal" electric car brand in 2023. Brian Luo, the company's branding assistant general manager, made the comments at a media event. The new brand will be an... More
Tesla (TSLA) weakness continues as investors lash out at Musk
December 14, 2022 3:55 PM ESTShares of electric vehicle giant, Tesla (NASDAQ: TSLA) are down 2.66% near end of day trading on Wednesday, extending the stocks decline to its lowest level in more than two years as investors lash out at CEO Elon Musk's distraction from the electric car company following... More
Citi’s releases thoughts on recent Tesla (TSLA) weakness
December 14, 2022 7:49 AM ESTShares of electric vehicle maker Tesla (NASDAQ: TSLA) are down 0.66% in pre-market trading on Wednesday after closing at -4% the day before. Citi analyst Itay Michaeli attributes the companys recent weakness to continued macro/demand/pricing concerns, with the most recent datapoint coming... More
Goldman Sachs remains bullish after cutting price target on Tesla (TSLA)
December 14, 2022 7:24 AM ESTGoldman Sachs reiterated a buy rating on Tesla (NASDAQ: TSLA) and lowered the price target to $235.00 (from $305.00) after lowering estimates to reflect softer supply and demand.
Goldman now assumes 420K deliveries in 4Q22 (from 440K prior) and 1.85 mn units in 2023 (from 1.95 mn prior). They... More
Citi Comments on Tesla (TSLA) Selloff; Blames Demand, Macro, and Price Worries
December 13, 2022 4:39 PM ESTCiti analyst Itay Michaeli reiterated a Neutral rating and $176.00 price target on Tesla (NASDAQ: TSLA)
The analyst comments "We attribute todays Tesla share price weakness (-4%) primarily to continued macro/demand/pricing concerns, with the most recent datapoint coming from... More
Chinese EV brand Zeekr files for U.S. IPO
December 13, 2022 1:52 PM ESTChina's Geely Automobile Holdings Ltd announced Tuesday that the companys electric car brand, Zeekr, has confidentially filed for a U.S. initial public offering, in what would be the first major Chinese listing in the country in nearly two years.
Reuters on Monday exclusively reported that Zeekr was... More
