Elon Musk's SpaceX to raise $750 million at a $137 billion valuation - report

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Tesla (TSLA) files to expand trademark to 'not for land vehicles'

January 4, 2023 1:55 PM EST

In an exclusive report by Electrek, Tesla (NASDAQ: TSLA) has filed to extend its trademark to include electric motors "not for land vehicles," hinting that the electric vehicle... More

Tesla's (TSLA) 'ominous' start has investors concerned

January 4, 2023 8:09 AM EST

Wedbush reiterated an Outperform rating and $175.00 price target on Tesla (NASDAQ: TSLA) after the electric vehicle giant saw a major sell-off Tuesday as a result of soft 4Q delivery numbers.

Analyst, Daniel Ives described the sell-off as an "ominous start for the company to kick off 2023 after a horrific 2022". However, the EV makers main worry for now is... More

Truist cuts revenue estimates and price target following Rivian (RIVN) production miss

January 4, 2023 7:53 AM EST

Truist Securities reiterated a Buy rating on Rivian Automotive (NASDAQ: RIVN) and cut the companys price target to $50.00 (from $65.00) following the electric vehicle makers 4Q production and delivery miss.

Rivian reported the 4Q production of 10,020 vehicles, coming in short of the streets estimated 10,892. Deliveries were... More

Tesla (TSLA) PT Lowered to $186 at RBC Capital, '4Q22 deliveries miss, could spark lower mid-term expectations'

January 3, 2023 10:59 AM EST

RBC Capital analyst Joseph Spak lowered the price target on Tesla (NASDAQ: TSLA) to $186.00 (from $225.00) while maintaining a Outperform rating.

The analyst comments "4Q22 deliveries of 405.3k wasn't too far off from our 408.5k forecast but was ~3% shy of sell-side consensus... More

Morgan Stanley on Tesla (TSLA): 'we still see there being an attractive entry for investors as TSLA trades closer to our $80 bear case'

January 3, 2023 8:53 AM EST

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $250.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "We reiterate our OW rating on Tesla and believe recent share price weakness is a window of opportunity to buy the global EV... More

BYD reports December sales in line with overall market

January 3, 2023 8:26 AM EST

Chinese electric vehicle maker, BYD announced their December sales numbers with passenger NEV sales jumping 2% MoM and 153% YoY to 234.6k units. The companys December wholesale sales rose by ~5k units MoM, decelerating from 12k/17k increments seen in the last two months. Morgan Stanley analyst, Tim Hsiao believes that... More

Zhu to oversee Tesla’s (TSLA) U.S. assembly

January 3, 2023 7:06 AM EST

According to an exclusive report by Reuters Tuesday, Teslas (NASDAQ: TSLA) China chief Tom Zhu has been promoted to take direct oversight of the electric carmakers U.S. assembly plants as well as sales operations in North America and Europe. The report cites an internal posting of reporting lines reviewed by... More

South Korea fines Tesla (TSLA) $2.2m for false advertising

January 3, 2023 6:53 AM EST

American electric vehicle maker, Tesla (NASDAQ: TSLA) has been fined $2.2 million by The Korea Fair Trade Commission (KFTC) for failing to tell its customers about the shorter driving range of its electric vehicles (EVs) in low temperatures. The Korean antitrust regulator said that Tesla had... More