Tesla, Alibaba, Abercrombie&Fitch rise premarket; Lululemon falls

Elon Musk’s Twitter considered selling usernames to boost revenue

According to a New York Times report, citing people familiar with the matter, social media platform Twitter considered selling usernames to generate new revenue. Twitter employees have held conversations about selling some usernames for the service since at least December, the people said. Some engineers have suggested holding online auctions where users can bid on usernames.

It remains unclear on if the project will move forward and if the plan affects all usernames or only a subset. However, CEO Elon Musk said last month that he wanted to start eliminating inactive accounts on... More

Tesla (TSLA) in preliminary talks to build Indonesian factory

An exclusive report by Bloomberg reports that electronic vehicle giant Tesla Inc. (NASDAQ: TSLA) is close to sealing a preliminary deal to set up a factory in Indonesia.

According to people familiar with the matter, the plant would produce as... More

Morgan Stanley sees strength in Tesla (TSLA) as EV market transitions

Morgan Stanley reiterated an Overweight rating and $250.00 price target on Tesla (NASDAQ: TSLA) as analysts believe the global EV market has begun a transition from acute under supply to potential oversupply.

Analyst Adam Jonas believes that 2023 is the year execution on manufacturing costs and... More

Tesla (TSLA) to build $776m expansion at giga Texas

Government filings show that electric vehicle maker, Tesla (NASDAQ: TSLA) has applied for to expand its gigafactory in Texas using a $775.7 million investment. This expansion will mark one of the companys largest expansion drives since setting up the $5.5 billion gigafactory in Germany... More

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'

Morgan 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

Revel, 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

Strong 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

Moderna (MRNA) looking at pricing covid vaccine from $110-$130 per dose — WSJ

Moderna (NASDAQ: MRNA) is said to be evaluating pricing its Covid-19 vaccine between $110 to $130 per dose in the US once it moves from government contracting to commercial distribution, The Wall Street Journal reported Monday.

Moderna Chief Executive Officer Stephane Bancel was... More

Britishvolt speaking with investors about possible sale

Britishvolt, 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

lululemon athletica (LULU) Defended at Baird

lululemon athletica (NASDAQ: LULU) Defended at Baird.

Uber has a long runway for growth, Lyft profit constrained and DoorDash share gains to slow — Jefferies

Jefferies analyst John Colantuoni assumed Uber (NYSE: UBER) with a Buy rating, Lyft (NASDAQ: LYFT) with a Hold rating, and initiated DoorDash (NYSE: DASH) with an Underperform rating in a note to clients on Monday morning.

The analyst also cut the firm's price target for Uber to $38 from $50 per share and Lyft to $12 from $16 while setting a $37 price target for DoorDash.

"We... More

DoorDash downgraded, Uber upgraded at Piper Sandler with vehicle prices near all-time highs

Piper Sandler analyst Alexander Potter upgraded Uber (NYSE: UBER) to Overweight from Neutral and downgraded DoorDash (NYSE: DASH) to Underweight from neutral in a note to clients Monday.

He also raised the price target on Uber to $33 from $31 and slashed DoorDash's price target to $40 per share from... More

Abercrombie & Fitch (ANF) shares rise after raising outlook on better-than-expected holiday sales

Abercrombie & Fitch (NYSE: ANF) shares jumped at the open Monday after the company increased its fourth-quarter sales and operating margin outlook following a better-than-expected holiday period.

The clothing brand retailer now expects net sales for the fourth quarter to be up between 1% and 2%, up from previous... More