Dow futures rise 110 pts; Tesla, housing data in focus

EV Santa Claus rally muted in China as subsidies expire

Chinas new electric vehicle penetration was largely muted in December despite several auto brands announcing promotional campaigns and a decent sales recovery for passenger vehicles following the easing of quarantine/mobility restrictions and testing requirements. J.P. Morgan analyst Rebecca Wen noted that the usual peak season rally is not happening for the year despite this being the last year of Chinas long-running NEV subsidy program.

Wen... More

Tesla (TSLA) PT Lowered to $250 at Morgan Stanley, 'De-Rating Creates Opportunity'

Morgan Stanley analyst Adam Jonas lowered the price target on Tesla (NASDAQ: TSLA) to $250.00 (from $330.00) while maintaining a Overweight rating.

The analyst comments "We believe2023 is shaping up to be a 'reset' year for the EV market where the last2years of demand exceeding supply will be substantially inverted to supply exceeding demand. Within this... More

Volkswagen to reveal new EV at CES 2023

Volkswagen is preparing to unveil its newest electric vehicle at CES 2023 on January 3rd. Volkswagen didnt provide a lot of details, but the company said that the vehicle will still be camouflaged, revealing only its shape and size.

In addition to revealing a camouflaged version of the all-new... More

Tesla (TSLA) Erases 6% Gain, Now Down 0.3%

Tesla (NASDAQ: TSLA) Erases 6% Gain, Now Down 0.3%

Not time to allocate to growth — Sevens Report Research

In a note Wednesday morning, Sevens Report Research said the start of 2023 isn't the time to allocate to growth.

In this morning's research note, the firm stated that while they appreciate the argument that growth is the "cheapest it's been in years," it isn't a reason to buy something.... More