Tesla short sellers pile on pressure after most profitable trade in 2022
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Morgan Stanley on Tesla (TSLA): 'we believe a floor in the earnings must be reached before investors get comfortable with a floor in the valuation of the equity'
January 10, 2023 2:03 PM ESTMorgan Stanley analyst Adam Jonas reiterated an Overweight rating and $250.00 price target on Tesla (NASDAQ: TSLA)
The analyst comments "The global EV market is experiencing a transition from acute under supply to potential oversupply. We believe 2023is a year during which execution on manufacturing costs and supply chain management will further separate the winners... More
Revel announces plans to expand EV charging across NYC
January 10, 2023 1:48 PM ESTRevel, a Brooklyn based electric mobility and infrastructure company, announced Monday that the company aims to expand the number of available fast chargers for electric vehicles across New York City.
The company plans to develop and open five new EV fast charging superhubs across multiple boroughs to add 136 public charging stalls, open 24/7 and compatible with any EV. The largest site will be... More
BoA reviews record EV sales in November
January 10, 2023 7:37 AM ESTStrong PHEV sales in Europe lead to a historic EV sales peak in November. Analyst Bank of America analyst, Horst Schneider believes that the boom in Europe might be driven by the upcoming subsidy phase-out in Germany by year-end 2022. Only vehicles delivered in 2022 are eligible for this subsidy.
The global EV penetration rate also hit a new record-high in November at 15.1%, driven by 23% penetration rate in China and 18% in Europe.... More
Britishvolt speaking with investors about possible sale
January 9, 2023 2:19 PM ESTBritishvolt, an EV battery startup located in the U.K., announced Monday that the company has entered talks with investors about selling a majority stake in the company. However, the company chose not to disclose any names.
Management said back in November that Britishvolt had received some short-term... More
Berkshire Hathaway sells 1M BYD shares
January 9, 2023 7:12 AM ESTAccording to a filing with the Chinese stock exchange, Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.058 million Hong Kong-listed shares of electric vehicle maker BYD at an average price of HK$191.44 ($24.52) per share.
The sale lowered Berkshire's holdings in BYD's total issued H-shares to 13.97%... More
Tesla (TSLA) delivery times extended as China discounts stoke demand
January 9, 2023 7:01 AM ESTAccording to Teslas (NASDAQ: TSLA) website, the waiting times for potential buyers of some versions of the Model Y in China may need to wait a little longer as price cuts announced Friday stoke demand in the electric vehicle maker's second-largest market.
Since Tesla cut prices by 6% to... More
