Tesla (TSLA) stock selloff continues as Elon Musk sells $3.6B worth of EV maker shares
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Volkswagen investors return to criticizing CEO’s dual roles
December 16, 2022 2:14 PM ESTVolkswagen investors return to criticizing CEO Oliver Blume's dual roles on Friday even after the company approved a roughly 9.6 billion euro ($10.2 billion) special dividend following the listing of Porsche AG.
Blume became CEO of the company in September but has continued as CEO of luxury brand Porsche even after... More
Tesla (TSLA) launches virtual power plant program 'Tesla Electric'
December 16, 2022 11:39 AM ESTElectric vehicle maker, Tesla (NASDAQ: TSLA) recently launched a virtual power plant (VPP) program called Tesla Electric, where customers can sell electricity automatically from their Powerwall back to the grid. The program is currently only operating in Texas, and only select customers are invited to join.
Its a special electric plan for Powerwall owners. Tesla writes about its new product on its website: Solar and Powerwall can help you and your community accelerate the transition to sustainable energy. With Tesla Electric, your Powerwall automatically... More
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) PT Lowered to $225 at RBC Capital
December 15, 2022 1:34 AM EST(Updated - December 15, 2022 4:01 AM EST)
RBC Capital analyst Joseph Spak lowered the price target on Tesla (NASDAQ: TSLA) to $225.00 (from $325.00) while maintaining a Outperform rating.
The analyst comments "Stock has been under pressure. Investors are concerned about demand, pricing, auto-GMs and... More
