Uber, Pfizer, Marriott rise premarket; Tesla, Chegg fall
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/12/2026
- Wall Street ends higher as SpaceX's market debut dominates
- SpaceX prices historic IPO at $135/share in largest ever new listing
- 'Ocean of opportunity': Wolfe initiates SpaceX at Buy ahead of historic IPO
- UBS cuts gold price forecasts on delayed Fed easing outlook
- Brent falls to lowest since March on expected peace deal
- NASDAQ adds five companies to NASDAQ-100 index in quarterly rebalance
- Adobe CFO Dan Durn to depart company in June 2026
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Pentagon reportedly locked down, hazmat teams responding
- Super Micro Computer establishes $1.25 billion stock sale agreement
Tesla (TSLA) reportedly using BYD batteries to build Model Y at Giga Berlin
May 4, 2023 3:02 PM EDTAccording to a report by Teslamag.de, citing reliable sources, electric vehicle giant Tesla (NASDAQ: TSLA) has begun building a Model Y variant in Germany using batteries made by the Chinese company, BYD. With these purchases, BYD becomes the fourth battery supplier for Tesla, alongside Panasonic, LG Energy Solutions and CATL.
A Model Y without an additional designation has been in the Tesla configurator for Europe since last August. The new Model Y, like the Giga Texas Model Y All-Wheel-Drive, uses both front... More
'We are not setting up a joint venture', VW and Bosch cancel plans for battery cells
May 4, 2023 9:22 AM EDTBosch announced Thursday along with German carmaker, Volkswagen that the two companies have cancelled their plans to create a joint venture to equip battery cell factories.
The joint venture, announced at the beginning of 2022, was designed to deliver battery production systems, as well as assisting battery cell manufacturers... More
UAW holds off on endorsing Biden for 2nd term citing EV policies
May 3, 2023 3:22 PM EDTUnited Auto Workers (UAW) President Shawn Fain said in a letter to members seen by Reuters Wednesday that the Detroit-based union has yet to endorse President Joe Biden for a second term, citing concerns about electric vehicle policies.
"The federal government is pouring billions into the electric vehicle transition, with no strings attached and no commitment to workers. The EV transition is at serious risk of becoming a race to the bottom. We want to see national leadership have our back on this before we make any commitments," Fain... More
Apple's Steve Wozniak to CNN: buy a Tesla (TSLA) 'if you want a study of AI gone wrong'
May 3, 2023 2:42 PM EDTApple (NASDAQ: AAPL) co-founder Steve Wozniak spoke with CNN This Morning Tuesday when he offered some off-hand commentary on Teslas (NASDAQ: TSLA) Autopilot struggles.
When asked if the tech guru ever speaks to Tesla CEO Elon Musk, Wozniak said hed never met Musk but that he admires some of the things Musk has done for the world. However, he said much of those achievements... More
Coinbase (COIN) shares fall as Mizuho sees 20% downside to 2Q and FY23 consensus
May 3, 2023 10:55 AM EDTCoinbase's (NASDAQ: COIN) price target was cut to $27 from $30 per share by Mizuho on Wednesday, with analyst Dan Dolev maintaining an Underperform rating on the stock.
The analyst told investors in a note that while the "Street appears to be on the... More
Tesla (TSLA) cuts price, resumes orders of long-range Model 3 in US
May 3, 2023 7:54 AM EDTTeslas (NASDAQ: TSLA) website, late Tuesday, showed the EV automaker has resumed taking orders for its Model 3 long-range version in the United States following a temporary halt last year due to delivery backlogs.
The long-range version of the Model 3 is currently priced at... More
Ford (F) cuts price of Mach-E after Tesla (TSLA) raises prices in multiple markets
May 2, 2023 11:36 AM EDTFord (NYSE: F) announced Tuesday that the American automaker is cutting prices on its Mustang Mach-E electric vehicle and reopening orders after a series of price cuts by rival automaker Tesla Inc (NASDAQ: TSLA).
Ford said it is cutting most Mach-E prices by $3,000 or $4,000 depending on the version. Last month, the federal EV tax credit for the Mach-E fell in half to $3,750 from $7,500 after new... More
Northland Downgrades Chegg (CHGG) to Market Perform, 'ChatGPT Competition and CheggMate Response Will Take Time'
May 2, 2023 9:06 AM EDTNorthland Capital Markets analyst Mike Grondahl downgraded Chegg (NYSE: CHGG) from Outperform to Market Perform with a price target of $15.00.
The analyst comments "CHGG reported 1Q23 revenues, adj. EBITDA and adj. EPS of $187.6M, $57.6M and $0.27 vs. NS at $185.0M, $54.0M and $0.24. Subscription Services... More
Piper Sandler cuts price target on Tesla (TSLA) following 10-Q filing
May 2, 2023 8:19 AM EDTPiper Sandler reiterated an Overweight rating on Tesla (NASDAQ: TSLA) and cut their price target on the stock to $280.00 (From $300.00) to reflect information extracted from the electric automakers 10-Q filing.
Analyst Alexander Potter wrote in a note, Most investors will be unsurprised to learn that... More
