Engineer testifies Tesla (TSLA) staged self-driving promotional video

Tesla video promoting self-driving was staged, engineer testifies

January 17, 2023 12:11 PM EST

By Hyunjoo Jin

(Reuters) - A 2016 video that Tesla used to promote its self-driving technology was staged to show capabilities like stopping at a red light and accelerating at a green light that the system did not have, according to testimony by a senior engineer.

The video, which remains archived on Teslas website, was released in October 2016 and promoted on Twitter by Chief Executive Elon Musk as evidence that Tesla drives itself.

But the Model X was not driving itself with technology Tesla had deployed, Ashok Elluswamy, director of Autopilot software at Tesla, said in the... More

Tesla (TSLA) January call option implied volatility at 77, February at 75 as shares rally 4.7%

January 17, 2023 11:09 AM EST

Tesla (NASDAQ: TSLA) January call option implied volatility is at 77, February is at 75; compared to its 52-week range of 43 to 96 as shares rally 4.7%.

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Tesla (TSLA) Extends Gain, Up 6%

January 17, 2023 10:08 AM EST

Tesla (NASDAQ: TSLA) Extends Gain, Up 6%

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Active options: TSLA AAPL AMZN BBBY NVDA F MARA AMC BABA COIN BAC

January 17, 2023 9:58 AM EST

Active options: TSLA AAPL AMZN BBBY NVDA F MARA AMC BABA COIN BAC

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Tesla's retail sales in China surged after price cut -brokerage data

January 17, 2023 9:25 AM EST

SHANGHAI (Reuters) - Tesla's retail sales surged in China in January after it slashed prices for its top-selling models earlier in the month, data compiled by China Merchants Bank International (CMBI) showed.

Average daily sales for Tesla in China during the Jan. 9 to Jan. 15 period jumped 76% from the same period in 2022. Total sales were 12,654 vehicles over that period, CMBI's data showed.

That compared to a... More

BofA cuts Tesla (TSLA) to $130 as demand concerns rise with competition

January 17, 2023 8:13 AM EST

Bank 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

Analysts slash estimates, stock targets on Tesla (TSLA) stock after price cuts

January 17, 2023 6:27 AM EST

Tesla (NASDAQ: TSLA) is again the center of analyst attention with several brokers offering their thoughts on the electric vehicle (EV) giant and the recently-announced price cuts. For some analysts, these actions point that Tesla is experiencing weakening demand.

Jefferies lowers Tesla stock target

Jefferies analyst Philippe Houchois, a long-time Tesla bull, reiterated a Buy rating on the electric vehicle (EV) maker but lowered the price target by nearly 50% to $180 per share after cutting 2023 revenue and EPS estimates.

The analyst sees Tesla delivering 1.7 million EV units in 2023 while slashing core... More

Tesla (TSLA) January option implied volatility at 60

January 17, 2023 3:54 AM EST

Tesla (NASDAQ: TSLA) January call option implied volatility is at 60, February is at 82; compared to its 52-week range of 43 to 96. Call put ratio 1 call to 1 put.

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Tesla (TSLA) January call option implied volatility is at 60, February is at 82

January 17, 2023 3:42 AM EST

Tesla (NASDAQ: TSLA) January call option implied volatility is at 60, February is at 82; compared to its 52-week range of 43 to 96. Call put ratio 1 call to 1 put.

... More

Active options: TSLA AMZN BBBY AAPL BAC NVDA MARA AMC

January 17, 2023 3:31 AM EST

Active options: TSLA AMZN BBBY AAPL BAC NVDA MARA AMC

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Tesla (TSLA) PT Lowered to $200 at Goldman Sachs

January 17, 2023 3:26 AM EST

Goldman Sachs analyst Mark Delaney lowered the price target on Tesla (NASDAQ: TSLA) to $200.00 (from $205.00) while maintaining a Buy rating.... More

Chinese EV maker Xpeng joins Tesla, Seres in price cuts

January 17, 2023 1:28 AM EST

SHANGHAI/BEIJING (Reuters) -Chinese automaker Xpeng on Tuesday announced price cuts for some models in a notice on its official WeChat account, following similar moves by Tesla and Seres and fuelling expectations of a wider price war.

Xpeng lowered the starting prices for its best-selling pure electric P7 sedan to 209,900 yuan ($31,015), according to the notice, 12.5% lower than its previous level.

The Guangdong-based automaker also... More

Tesla (TSLA) PT Lowered to $180 at Jefferies Citing 'lower earnings/growth'

January 17, 2023 12:25 AM EST

(Updated - January 17, 2023 4:33 AM EST)

Jefferies analyst Philippe Houchois lowered the price target on Tesla (NASDAQ: TSLA) to $180.00 (from $350.00) while maintaining a Buy rating.

The analyst comments "Our conviction that Tesla leads the industry towards a better business model is intact... More

Active options: TSLA AMZN BBBY AAPL BAC NVDA MARA AMC META

January 13, 2023 2:34 PM EST

Active options: TSLA AMZN BBBY AAPL BAC NVDA MARA AMC META

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Midday movers: big bank earnings, Delta Air Lines, Tesla and more

January 13, 2023 1:31 PM EST

By Liz Moyer

Investing.com -- Stocks were wobbling on Friday as investors took in earnings reports from big banks that talked about an economic slowdown. Here are the midday movers for Jan. 13.

Big banks reported mixed results, with investment banking revenue bogged down by the deal-making slump. JPMorgan... More

Deutsche Bank views Tesla (TSLA) cuts as 'bold offensive move'; Reiterates buy

January 13, 2023 12:52 PM EST

Deutsche 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 EST

Deutsche 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 EST

Wells 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

Tesla (TSLA) January option implied volatility at 65

January 13, 2023 10:48 AM EST

Tesla (NASDAQ: TSLA) January weekly call option implied volatility is at 100, January is at 65; compared to its 52-week range of 43 to 96 as shares sell off 1.7%.

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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 EST

Morgan 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

Tesla (TSLA) PT Lowered to $210 at CFRA

January 13, 2023 10:22 AM EST

CFRA analyst Garrett Nelson lowered the price target on Tesla (NASDAQ: TSLA) to $210.00 (from $225.00) while maintaining a Strong Buy rating.... More

Active options: TSLA BBBY AAPL AMZN BAC NFLX F NVDA MARA BABA MLCO

January 13, 2023 10:12 AM EST

Active options: TSLA BBBY AAPL AMZN BAC NFLX F NVDA MARA BABA MLCO

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RBC Capital on Tesla (TSLA): 'In our view, demand clearly has been tougher'

January 13, 2023 9:25 AM EST

RBC Capital analyst Joseph Spak reiterated an Outperform rating and $186.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "In our view, demand clearly has been tougher and there is now hiding from the fact that price cuts hurt gross margins. Recall, late last year we cut 2023 auto gross margins (ex-credits) and now model 25.4% vs. Visible Alpha consensus of 27.7% (which has come down in recent weeks). To us, TSLA clearly seems to be focused on using its margins/cost structure to drive volume and fill up its new capacity (Berlin, Austin) which should... More

Guggenheim downgrades Tesla (TSLA) stock to Sell, sees nearly 30% downside risk

January 13, 2023 8:09 AM EST

Guggenheim 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 EST

By 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 EST

Evercore 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 EST

General 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 EST

Wells 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 EST

Ford, (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%... More

Tesla (TSLA) among stocks to benefit from a soft landing as US likely to avoid recession - GS

January 13, 2023 6:43 AM EST

David 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 EST

Tesla (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.

... More

Tesla's (TSLA) massive price cuts in US and Europe send shares lower on demand concerns

January 13, 2023 5:40 AM EST

Electric 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 EST

BERLIN (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