RBC Capital on Tesla (TSLA): 'In our view, demand clearly has been tougher'
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Engineer testifies Tesla (TSLA) staged self-driving promotional video
January 17, 2023 1:28 PM ESTTranscripts from a previously unreported testimony by Ashok Elluswamy, director of Autopilot software at Tesla, regarding a video made to promote the EV makers self-driving technology shows that the company staged the event to make it look like the vehicle was operating on its own. The transcripts come from a July deposition taken as evidence in a lawsuit against Tesla for a 2018 fatal crash. The video, which remains archived on Teslas website, was released in October 2016 and promoted on Twitter by CEO Elon Musk as evidence that Tesla drives itself.
The video was supposed to show... More
BofA cuts Tesla (TSLA) to $130 as demand concerns rise with competition
January 17, 2023 8:13 AM ESTBank of America reiterated a Neutral rating on Tesla (NASDAQ: TSLA) and cut their price target on the EV automaker to $130 (from $135) as the stock has s declined sharply since the end of 3Q22 amidst investor concerns on demand and increased competition in the market. These concerns have been further fed by price cut announcements across China, the US and Europe.... More
Deutsche Bank views Tesla (TSLA) cuts as 'bold offensive move'; Reiterates buy
January 13, 2023 12:52 PM ESTDeutsche Bank reiterated a Buy rating and $250.00 price target on Tesla (NASDAQ: TSLA) following a price cut by the automaker in a bold offensive move to bring costs below the IRS threshold and qualify for the $7,500 IRA EV tax credit. However, the unprecedented magnitude and global scope of the cuts clearly also reflect pressure on demand. Model prices in North America and Europe were slashed by 6-20% depending on the model.
Analyst Emmanuel Rosner wrote in a note,... More
Deutsche Bank on Tesla (TSLA): 'this could be the cut to end all cuts'
January 13, 2023 12:08 PM ESTDeutsche Bank analyst Emmanuel Rosner reiterated a Buy rating and $250.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Tesla slashed overnight the prices of many of its vehicle prices in North America and Europe, by 6-20% depending on model. These cuts bring down US prices for most Tesla models and... More
Wells Fargo cuts price target on Tesla (TSLA) ahead of 4Q Report
January 13, 2023 11:51 AM ESTWells Fargo reiterated an Equal Weight rating on Tesla Inc. (NASDAQ: TSLA) and cut the price target to $130.00 (from $230.00) ahead of 4Q results and as recent sales and large price cuts in China raise growth concerns. The company is scheduled to report 4Q results after the market closes on January 25th.
Analyst Colin... More
Morgan Stanley on Tesla (TSLA): 'Within a painful reset of EV expectations globally, we see Tesla as a winner'
January 13, 2023 10:39 AM ESTMorgan Stanley analyst Adam Jonas reiterated an Overweight rating on Tesla (NASDAQ: TSLA)
The analyst comments "Could Teslas lower prices stimulate higher demand? Sure. Can aggressive pricing discourage or drive-out competition? Probably. But at a time of slowing economic growth and... More
Guggenheim downgrades Tesla (TSLA) stock to Sell, sees nearly 30% downside risk
January 13, 2023 8:09 AM ESTGuggenheim analyst Ali Faghri downgraded Tesla (NASDAQ: TSLA) to Sell from Neutral as he sees a negative catalyst path for the electric vehicle (EV) stock.
This negative catalyst path can yield underperformance in Tesla shares in both the near and mid-term, Faghri said in a client note. His new price target of $89 per share implies a downside risk of about 28% relative to yesterdays closing price.
Heading into a challenging backdrop... More
JPMorgan, Wells Fargo, Tesla, Delta and Bank of America fall premarket
January 13, 2023 8:09 AM ESTBy Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Friday, January 13th. Please refresh for updates.
JPMorgan Chase (NYSE: JPM) stock fell 2.9% after the investment bank set aside a hefty $1.4 billion in anticipation of an economic slowdown even as it reported a better-than-expected quarterly profit on the back of strong performance at its trading... More
Evercore sidelined following Tesla’s (TSLA) latest price cuts
January 13, 2023 8:03 AM ESTEvercore ISI reiterates an In Line rating and $140.00 price target on Tesla Inc. (NASDAQ: TSLA) following the companys latest price cuts. The company dramatically cut prices overnight by a weighted avg. ~$10k or 16% on Model 3s and Ys to make most of their US offerings eligible for a $7.5k US/IRA consumer credit. Combining this US cut and next 2-month IRA $7.5k (moving to $3.75k mid-March), the starting price of... More
GM remains a top pick at Citi ahead of 4Q reporting
January 13, 2023 7:48 AM ESTGeneral Motors (NYSE: GM) remains a top pick at Citi Research ahead of 4Q reporting. Mobileye (NASDAQ: MBLY) remains Citis Top Supplier Pick, followed by Aptiv (NYSE: APTV). No changes were made to Citis prior stock setup views from earlier this week. However, refreshed 2023E supplier EPS estimates are 1-4%... More
Tesla (TSLA) PT Lowered to $130 at Wells Fargo
January 13, 2023 7:34 AM ESTWells Fargo analyst Colin Langan lowered the price target on Tesla (NASDAQ: TSLA) to $130.00 (from $230.00) while maintaining a Equal Weight rating.... More
Ford, (F), GM (GM) Stellantis (STLA) Trade Lower in Sympathy with Tesla (TSLA)
January 13, 2023 7:16 AM ESTFord, (NYSE: F), GM (NYSE: GM) Stellantis (NYSE: STLA)Trade Lower in Sympathy with Tesla (NASDAQ: TSLA)
Earlier Tesla announced fresh price cuts in the United States and across Europe in a potential bid to stimulate demand.TSLA -5.2%GM -3.2%STLA -4%F -3%... MoreTesla (TSLA) among stocks to benefit from a soft landing as US likely to avoid recession - GS
January 13, 2023 6:43 AM ESTDavid Kostin, the chief U.S. equity strategist for Goldman Sachs, urged the brokers clients to hope for the best but plan for the first, a lesson learned in 2022.
While the consensus sees the U.S. entering a recession in 2023, Goldman Sachs economists believe the U.S. will manage to avoid a recession. They assign only a probability to this scenario and add that recent jobs and... More
Guggenheim Downgrades Tesla (TSLA) to Sell
January 13, 2023 6:28 AM EST(Updated - January 13, 2023 7:52 AM EST)
Guggenheim analyst Ali Faghri downgraded Tesla (NASDAQ: TSLA) from Neutral to Sell, PT $89.00.
The analyst comments "We are downgrading TSLA from Neutral to Sell and assigning an $89 PT. We see a negative catalyst path for the stock to underperform in the near and intermediate term. Specifically, 1) we forecast a sizable gross margin miss in 4Q, driven primarily by the dilutive impact of price reduction and incentive actions taken during the quarter, 2) we believe FY23 estimates need a reset; we are... More
Tesla (TSLA) option IV pulls back, TSLA shares offered in premarket
January 13, 2023 5:44 AM ESTTesla (NASDAQ: TSLA) January weekly (13) call option implied volatility is at 73, January is at 66; compared to its 52-week range of 43 to 96. Call put ratio 1 call to 1 put.
... MoreTesla's (TSLA) massive price cuts in US and Europe send shares lower on demand concerns
January 13, 2023 5:40 AM ESTElectric vehicle (EV) titan Tesla (NASDAQ: TSLA) announced fresh price cuts in the United States and across Europe in a potential bid to stimulate demand.
Tesla Model 3 prices fell between 6% and 14% in the U.S. while the price of the Model Y fell by nearly 20%. In Europe, Tesla cut prices for Model 3 and Model Y in several major markets, including France, Germany, and the U.K.
Teslas Model 3 was the best-selling EV in Germany last month with prices... More
Tesla: we are making Model Y, Model 3 more accessible to customers
January 13, 2023 4:05 AM ESTBERLIN (Reuters) - Tesla said on Friday that the electric vehicle maker, which cut prices of its Model Y and Model 3 vehicles in the U.S. and Europe overnight, was able to provide its cars at a more accessible price because cost inflation was normalising.
"At... More
Tesla (TSLA) PT Lowered to $140 at Citi Following Model Update
January 13, 2023 12:21 AM EST(Updated - January 13, 2023 2:46 AM EST)
Citi analyst Itay Michaeli lowered the price target on Tesla (NASDAQ: TSLA) to $140.00 (from $176.00) while maintaining a Neutral rating.
The analyst comments "Were updating our Tesla model ahead of Q4 results, including introducing Q1-Q4 2023 estimates. Our model update incorporates Q4 reported deliveries and other recent data points. Key changes: (1) We now assume 2023E vehicle deliveries +40% YoY vs. +53% prior;... More
Tesla turns up heat on rivals with global price cuts
January 12, 2023 11:43 PM ESTBy Hyunjoo Jin, Victoria Waldersee and Zoey Zhang
(Reuters) - Tesla Inc has slashed prices globally on its electric vehicles by as much as 20%, extending an aggressive discounting effort and challenging rivals after missing Wall Street delivery estimates for 2022.
The move marks a reversal from the automaker's strategy over the last two years when new vehicle orders exceeded supply. It comes after CEO Elon Musk warned that the prospect of recession and higher interest rates meant it could lower prices to sustain growth at the expense of profit.
Musk acknowledged last year that prices had become... More
Active options: TSLA AAPL AMZN BBBY NVDA AMD META AAL CVNA
January 12, 2023 3:24 PM ESTActive options: TSLA AAPL AMZN BBBY NVDA AMD META AAL CVNA
... MoreTesla delays plans to expand Shanghai factory - Bloomberg News
January 12, 2023 11:51 AM EST(Reuters) -Electric carmaker Tesla Inc has delayed plans to expand its Shanghai factory, Bloomberg News reported on Thursday, citing people familiar with the matter.
Tesla had planned to start work on expanding the plant as part of a strategy to more than double its production capacity in China to meet growing demand for its cars in... More
Tesla (TSLA) January weekly option implied volatility as shares sell off 2.9%
January 12, 2023 10:59 AM ESTTesla (NASDAQ: TSLA) January weekly call option implied volatility is at 88, January is at 68; compared to its 52-week range of 43 to 96 as shares sell off 2.9%.
... MoreActive options: TSLA AMZN BBBY AAPL AMC NVDA AMD AAL NFLX META
January 12, 2023 9:46 AM ESTActive options: TSLA AMZN BBBY AAPL AMC NVDA AMD AAL NFLX META
... MoreTesla (TSLA) Underperforms Nasdaq, Down 2.8%
January 12, 2023 9:41 AM ESTTesla (NASDAQ: TSLA) Underperforms Nasdaq, Down 2.8%
Expansion delayed at Tesla’s (TSLA) Shanghai gigaplant
January 12, 2023 7:29 AM ESTElectric vehicle giant, Tesla Inc. (NASDAQ: TSLA) has reportedly delayed its plans to expand the companys Shanghai factory according to a report by Bloomberg on Thursday, citing people familiar with the matter. The reason for the delay is reportedly connected to Elon Musks... More
Tesla (TSLA) China Plant Expansion in Doubt Over Starlink Concerns - Bloomberg (Earlier)
January 12, 2023 7:17 AM ESTAn expansion of Tesla's (NASDAQ: TSLA) plant in Shanghai has been delayed over data concerns, according to Bloomberg, citing people familiar with them atter.
Phase-three expansion originally slated to start mid-year would.
Some central government officials expressed concern about a US... More
Tesla (TSLA) January weekly IV bid above January
January 12, 2023 5:07 AM ESTTesla (NASDAQ: TSLA) January weekly (13) call option implied volatility is at 90, January is at 71; compared to its 52-week range of 43 to 96. Call put ratio 1 call to 1.3 puts.
... MoreActive options: TSLA AMZN AAPL BBBY AMC BABA AMD META
January 12, 2023 4:35 AM ESTActive options: TSLA AMZN AAPL BBBY AMC BABA AMD META
... MoreElon Musk’s Twitter considered selling usernames to boost revenue
January 11, 2023 2:11 PM ESTAccording 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) January weekly (13) option implied volatility ticks higher
January 11, 2023 2:06 PM ESTTesla (NASDAQ: TSLA) January weekly (13) call option implied volatility is at 91, January is at 71; compared to its 52-week range of 43 to 96.
... MoreMidday movers: Airline stocks, Tesla, AMC Entertainment and more
January 11, 2023 2:00 PM ESTBy Liz Moyer
Investing.com -- Stocks were rising on Wednesday as investors eye a key report on inflation that could help the Fed decide on the next step with interest rates. Here are the midday movers for Jan. 11.
Airline stocks rose after an early morning technology... More
Twitter said to consider selling user names to boost revenue - NYT
January 11, 2023 1:08 PM ESTTwitter said to consider selling user names to boost revenue - NYT
... MoreJudge rejects Tesla's challenge to Calif. agency in race bias lawsuit
January 11, 2023 10:48 AM ESTBy Daniel Wiessner
(Reuters) - Tesla Inc has suffered another setback in its bid to challenge the powers of California's Civil Rights Department, which is suing the electric carmaker over alleged race discrimination at its flagship assembly plant.
A judge in Oakland, California, in a tentative ruling late Tuesday dismissed Tesla's counter-suit claiming the agency did not notify the company of the bias allegations or give it a chance to settle before suing it last... More
Tesla (TSLA) January weekly option implied volatility at 89 as shares rally 4%.
January 11, 2023 10:38 AM ESTTesla (NASDAQ: TSLA) January weekly call option implied volatility is at 89, January is at 72; compared to its 52-week range of 43 to 96 as shares rally 4%.
... MoreActive options: TSLA AMZN BBBY AAPL MSFT NVDA AMC WBD COIN
January 11, 2023 9:57 AM ESTActive options: TSLA AMZN BBBY AAPL MSFT NVDA AMC WBD COIN
... MoreTesla (TSLA) in preliminary talks to build Indonesian factory
January 11, 2023 8:30 AM ESTAn 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
Tesla, Bed Bath&Beyond rise premarket; Ichor, CarMax and Salesforce fall
January 11, 2023 8:18 AM ESTBy Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Wednesday, January 11th. Please refresh for updates.
Tesla (NASDAQ: TSLA) stock rose 1.7% after the electric car manufacturer applied to expand its gigafactory in Texas with an... More
Tesla (TSLA) Nears Preliminary Deal To Set Up Factory In Indonesia - Bloomberg
January 11, 2023 8:07 AM ESTTesla (NASDAQ: TSLA) Nears Preliminary Deal To Set Up Factory In Indonesia - Bloomberg
... More