Tesla faces new race bias trial from employee whose $137 million verdict was cut
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March 29, 2023 9:24 AM EDT
Wang Chuanfu, Chairman of Chinese electric automaker BYD, told reporters in Hong Kong Wednesday that the company is large enough to shake off the impact of a bruising price war and faltering demand in China, after reporting an 11-fold increase in fourth-quarter profit.
The strong result came as... More
March 29, 2023 9:10 AM EDT
Wedbush reiterated an Outperform rating and $225.00 price target on Tesla Inc. (NASDAQ: TSLA) ahead of the electric automakers 1Q delivery report. Tesla will be reporting its 1Q delivery units number likely this weekend with all eyes on how demand is holding up in a shaky macro.
Analyst, Daniel Ives wrote in a note, Clearly since the Model Y/3 price cuts were implemented early this year... More
March 29, 2023 8:24 AM EDT
Baird reiterated an Overweight rating and $252.00 price target on Tesla Inc. (NASDAQ: TSLA) ahead of the electric automakers 1Q23 delivery numbers.
After negative estimate revisions and worries surrounding demand, recent price decreases and anecdotal data on sales seem to have relieved some bearish sentiment.
The year is still early, but we continue to like the setup of the stock and believe bias for estimate... More
March 28, 2023 11:37 AM EDT
Deutsche Bank reiterated a Buy rating and $250.00 price target on Tesla Inc. (NASDAQ: TSLA) ahead of the electric automakers 1Q23 delivery and production numbers, which are expected to be reported this weekend.
Deutsche Bank trimmed their 1Q delivery estimate lower to 416k units (+34% YoY, +3% QoQ), reflecting the continued uncertainty in the macro environment after the price cuts, as well as competitive pricing responses in China. They estimate Tesla delivered... More
March 28, 2023 7:37 AM EDT
The National Highway Traffic and Safety Association (NHTSA) announced Tuesday that the U.S. regulator has opened a probe into 50,000 Tesla (NASDAQ: TSLA) Model X vehicles after receiving two complaints reporting front seat belt failures.
The preliminary evaluation covers 2022-2023 model... More
March 27, 2023 10:13 AM EDT
Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA) as Chinese battery analyst, Jack Lu notes a continued rise in domestic EV battery inventory.
According to Lu, domestic EV battery inventory continued to rise to ~152GWh at the end of... More
