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

Citi says XPeng (XPEV) will suffer most from Tesla (TSLA) price cut

Electric vehicle maker, Tesla (NASDAQ: TSLA) announced on Friday that the company has cut the price of various model configurations of Model 3 and Model Y, with MSRP of entry-level Model 3 down by Rmb36,000 to Rmb229,900 and that of entry-level Model Y down by Rmb29,000... More

XPeng Inc. (XPEV) 'to Suffer The Most' on Tesla (TSLA) China Price Cut - Citi

XPeng Inc. (NYSE: XPEV) 'to Suffer The Most' on Tesla (NASDAQ: TSLA) China Price Cut - Citi

Citi analyst Jeff Chung comments "On 6 Jan, Tesla China announced price cut on various configurations of Model 3 and Model Y,... More

Tesla (TSLA) falls following latest round of price cuts; Li, Nio and XPeng also drop

Shares of Tesla (NASDAQ: TSLA) are down 5.76% in pre-market trading Friday after the electric vehicle maker announced a cut to car prices in China and other Asian markets as part of efforts to stoke demand for output from its Shanghai plant.

According... More

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

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

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

Rivian (RIVN) reports 4Q production miss; Wolfe reiterates outperform

Wolfe Research reiterated an Outperform rating and $40.00 price target on Rivian Automotive (NASDAQ: RIVN) after the electric vehicle company reported a 4Q production and delivery miss.

Rivian produced 10,020 vehicles in the fourth quarter, slightly short of the 10,680 implied by the companys full year guidance. The companys retail deliveries, at 8,054, also fell short of expectations.... More

Morgan Stanley remains bullish despite Rivian (RIVN) delivery miss

Morgan Stanley reiterated an Overweight rating and $55.00 price target on Rivian Automotive (NASDAQ: RIVN) following the companys 4Q production and delivery numbers. Rivian announced that they produced 10,020 vehicles and delivered 8,054 vehicles in 4Q. Both came in below the streets estimates and... More

Dow futures rise 90 pts; Fed minutes in the spotlight

By Peter Nurse

Investing.com -- U.S. stocks are seen opening higher Wednesday, attempting to recover from a rocky start to the new year ahead of the release of the minutes of the Federal Reserve's December meeting.

At 07:00 ET (12:00 GMT), the Dow Futures contract was up 90 points, or 0.3%, S&P 500 Futures traded 13 points, or 0.3% higher, and Nasdaq 100 Futures climbed 55 points, or 0.5%.

The three main indices closed lower Tuesday, with the blue-chip Dow Jones Industrial Average ending down 10.9 points, the broad-based S&P 500 falling 0.4%, and the tech-heavy... More

New year, same old Cathie Wood: ARK buys more Tesla (TSLA) stock on weakness

ARK Investment Management, founded and managed by Cathie Wood, has continued to add more Tesla (NASDAQ: TSLA) shares to its portfolio. According to Ark Invest Daily Trades, Cathie Wood bought 144,776 Tesla shares yesterday through its flagship Ark Innovation ETF (ARKK).

Another 31,336 Tesla shares were... More

Rivian Automotive Inc (RIVN) PT Lowered to $50 at Truist Securities

Truist Securities analyst Jordan Levy lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $50.00 (from $65.00) while maintaining a Buy rating.... More

Tesla (TSLA) 30-day option implied volatility at 87

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 87; compared to its 52-week range of 49 to 96.

Active options: TSLA AAPL AMZN META NVDA AMD AMC MSFT BABA BAC

Active options: TSLA AAPL AMZN META NVDA AMD AMC MSFT BABA BAC

Stocks expected to have increasing option volume: TSLA AAPL WBA BHP STZ CAG

Stocks expected to have increasing option volume: TSLA AAPL WBA BHP STZ CAG

Rivian Automotive Inc (RIVN) PT Lowered to $12 at CFRA

CFRA lowered its price target on Rivian Automotive Inc (NASDAQ: RIVN) to $12.00 (from $20.00) while maintaining a Sell rating.... More

More U.S. consumers want EVs but prices are a concern - Deloitte survey

(Reuters) - More U.S. consumers want to buy an electric vehicle (EV) but are concerned about rising prices, while fewer aimed to purchase gasoline-powered vehicles, a survey by consulting firm Deloitte showed on Wednesday.

Nearly 7 in 10 prospective EV buyers in the United States expect to pay less than $50,000 for their next vehicle, according to the survey conducted between September and October 2022.

More than half of the... More

Rivian Automotive (RIVN) Produced 10,020 Vehicles in Q4

Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production totals for the quarter ending December 31, 2022. The company produced 10,020 vehicles at its manufacturing facility in Normal, Illinois and delivered 8,054 vehicles during the same period.

On a full-year 2022 basis, the company produced 24,337 vehicles and delivered 20,332 vehicles.

Stock market today: Dow falls to open new year, weighed by Apple, Tesla

By Liz Moyer

Investing.com -- U.S. stocks were off to a slow start in the new year, weighed by slumping tech giants as investors await this weeks minutes of the Federal Reserves last meeting.

At 16:04 ET (21:04 GMT), the Dow Jones Industrial Average was down 11 points or flat, while the S&P 500 was down 0.4% and the NASDAQ Composite was down 0.7%. All three indexes had recovered some of their losses during the day.

Apple shares (NASDAQ:... More

JOLTs job openings, FOMC minutes, Tesla shares: 3 things to watch

By Liz Moyer

Investing.com -- Stocks opened the new year on a down note as pressure on tech stocks continued from 2022.

Apple (NASDAQ: AAPL) is heading toward losing its status as the last remaining stock with a $2 trillion market value, falling on Tuesday on reports it cut product orders of its gadgets. That was helping to pull down the tech-heavy Nasdaq during the first day of trading for 2023, with the index starting things off down nearly 1% in late afternoon trading.

As Congress returns to turmoil in the Republican leadership, investors were... More

Active options: TSLA AAPL AMZN META NVDA AMD AMC MSFT BABA BAC

Active options: TSLA AAPL AMZN META NVDA AMD AMC MSFT BABA BAC

Stocks stumble in the new year, weighed by Apple and Tesla

By Liz Moyer

Investing.com -- U.S. stocks were off to a slow start in the new year, weighed by slumping tech giants as investors await this weeks minutes of the Federal Reserves last meeting.

At 14:13 ET (19:13 GMT), the Dow Jones Industrial Average was down 199 points or 0.6%, while the S&P 500 was down 0.8% and the NASDAQ Composite was down 1.1%.

Apple shares (NASDAQ: AAPL) fell more than 4%, threatening to close below a $2... More

Tesla (TSLA) at session lows, down 14.9%

Tesla (NASDAQ: TSLA) at session lows, down 14.9%

Tesla (TSLA) Continues to Plunge, Now Down 13%

Tesla (NASDAQ: TSLA) Continues to Plunge, Now Down 13%

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

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

Tesla (TSLA) call put ratio flat as shares sell off 10%

Tesla (NASDAQ: TSLA) January weekly call option implied volatility is at 104, January is at 82; compared to its 52-week range of 43 to 96 as shares sell off 10%.

Morgan Stanley continues to see buying opportunity in Tesla (TSLA) stock despite soft deliveries

Tesla (NASDAQ: TSLA) stock is down about 10% today following the softer-than-expected Q4 deliveries and production report, released yesterday.

Several sell-side analysts lowered their estimates and price targets on Tesla stock after incorporating the Q4 delivery numbers. Bernstein analyst Toni Sacconaghi also weighed in negatively on Tesla as he believes the electric vehicle (EV) maker is facing... More

Tesla (TSLA) Extends Decline, Down 10%

Tesla (NASDAQ: TSLA) Extends Decline, Down 10%

Active options: TSLA AAPL AMZN META BABA NIO GOOGL AMC NVDA

Active options: TSLA AAPL AMZN META BABA NIO GOOGL AMC NVDA

Tesla (TSLA) Extends Decline, Now Down 7%

Tesla (NASDAQ: TSLA) Extends Decline, Now Down 7%

Tesla shares suffer New Year's hangover on demand worries, delivery issues

By Aditya Soni and Eva Mathews

(Reuters) -Tesla Inc shares kicked off 2023 with a thud, plunging more than 12% on Tuesday on growing worries about weakening demand and logistical problems that have hampered deliveries for the world's most valuable automaker.

Once worth more than $1 trillion, Tesla lost more than 65% in market value in a tumultuous 2022 that saw it increasingly challenged by other automakers and face production issues stemming from COVID lockdowns in China.

Tuesday's slide knocked off nearly $50 billion in market value, roughly equal to the valuation of rival Ford Motor Co, which last year sold... 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'

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

Tesla and Ally Financial fall premarket; Coty, Wynn Resorts rise

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, January 3rd. Please refresh for updates.

Tesla (NASDAQ: TSLA) stock fell 3.9% after the... More

BYD reports December sales in line with overall market

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

Tesla (TSLA) PT Lowered to $250 at Deutsche Bank

Deutsche Bank analyst Emmanuel Rosner lowered the price target on Tesla (NASDAQ: TSLA) to $250.00 (from $270.00) while maintaining a Buy rating.... More

Dow futures rise 125 pts; U.S. manufacturing PMI data, Tesla deliveries in focus

By Peter Nurse

Investing.com -- U.S. stocks are seen opening higher Tuesday, starting the new year on a strong note ahead of the release of this weeks key economic data.

At 07:00 ET (12:00 GMT), the Dow Futures contract was up 125 points, or 0.4%, S&P 500 Futures traded 15 points, or 0.4% higher, and Nasdaq 100 Futures climbed 55 points, or 0.5%.

The three major averages closed last year with their worst annual performance since 2008, snapping a three-year... More

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

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

Tesla (TSLA) facing a 'significant demand problem', 2023/24 numbers 'could materially reset' - analyst

Tesla (NASDAQ: TSLA) analysts continue to discuss the companys Q4 deliveries report released yesterday. Shares trade softer in pre-market Tuesday after the company missed the average analyst estimates.

Several sell-side brokers, including JPMorgan, Truist, and Goldman Sachs, cut their price... More

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

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

Piedmont Lithium (PLL) Amends Supply Deal with Tesla (TSLA)

Piedmont Lithium (Nasdaq: PLL) today announced that it has amended its agreement with Tesla, Inc. (NASDAQ: TSLA) to supply the U.S. automaker with spodumene concentrate (SC6) from North American Lithium (NAL).

Piedmont and Tesla have mutually agreed to amend their... More

4 analysts discuss Tesla (TSLA) stock after Q4 deliveries miss estimates; shares drop

Shares of Tesla (NASDAQ: TSLA) are down more than 3% in pre-open Tuesday after the electric vehicle (EV) maker reported it delivered over 405,000 units in the fourth quarter of 2022, missing the average analyst estimates.

Year-over-year (YoY), vehicle deliveries grew by 40%. The total 2022 production growth was 47%, below Tesla's goal of 50%. The EV company said it produced more than 439,000 EV units in Q4, growing 47% YoY.

We continued to transition towards a more even regional mix of vehicle builds which again led to a further increase in cars in transit at the end of the... More

Tesla (TSLA) PT Lowered to $125 at JPMorgan

(Updated - January 3, 2023 6:44 AM EST)

JPMorgan analyst Ryan Brinkman lowered the price target on Tesla (NASDAQ: TSLA) to $125.00 (from $150.00) while maintaining a Underweight rating.

The analyst comments "Our Underweight rating considers notable investment positives, including a highly differentiated business model, appealing product... More

Tesla (TSLA) PT Lowered to $299 at Truist Securities Following Q4 Deliveries Update

(Updated - January 3, 2023 11:08 AM EST)

Truist Securities analyst William Stein lowered the price target on Tesla (NASDAQ: TSLA) to $299.00 (from $348.00) while maintaining a Buy rating.

The analyst comments "TSLA's Q4 deliveries below consensus, likely better than buyside fears. Reiterate... More

Tesla (TSLA) PT Lowered to $205 at Goldman Sachs

Goldman Sachs analyst Mark Delaney lowered the price target on Tesla (NASDAQ: TSLA) to $205.00 (from $235.00) while maintaining a Buy rating.... More

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

The private spaceflight company SpaceX, founded by Tesla (NASDAQ: TSLA) CEO Elon Musk, is reportedly looking to raise $750 million in a new funding round.

According to CNBC, the funding round, which is likely to be led by Andreessen Horowitz (a16z), values the space... More

Tesla (TSLA) 30-day option implied volatility at 87 into reporting Q4 deliveries

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 87; compared to its 52-week range of 49 to 96 into reporting Q4 deliveries of 405,278 on production of 439,701.

Stocks expected to have increasing option volume: TSLA AAPL SPX QQQ RUT ARKK

Stocks expected to have increasing option volume: TSLA AAPL SPX QQQ RUT ARKK

Tesla (TSLA) says it produced over 439,000 vehicles, delivered over 405,000 in fourth quarter

Tesla (Nasdaq: TSLA) announced:

In the fourth quarter, we produced over 439,000 vehicles and delivered over 405,000 vehicles. In 2022, vehicle deliveries grew 40% YoY to 1.31 million while production grew 47% YoY to 1.37 million.

We continued to transition towards a more even regional mix of vehicle builds which again led to a further increase in cars in transit at the end of the quarter.

Thank you to all of our customers, employees, suppliers, shareholders and supporters... More

Tesla (TSLA) 4Q Deliveries 405,278, Est. 420,760 - Bloomberg

Tesla (NASDAQ: TSLA) 4Q Deliveries 405,278, Est. 420,760 - Bloomberg