House committee to review debt limit deal, HP to report - what's moving markets

Analysts watch closely as Chinese EVs battle for market share in Europe

As new EV competitors push into Europes mass market segment, how much market share will they be able to take? Analysts are keeping a close eye on the next 24 months for significant indicators of the potential risks that incumbent European automakers may face and the extent to which their market share could be at stake.

The annual sales of new cars in Europe far surpass $100 billion. With the increasing adoption of battery electric vehicles (BEVs) in Europe, the market will witness a steady flow of highly competitive offerings from established companies as well as new... More

Tesla (TSLA) amps up discounts on U.S. Model 3 inventory

In the face of economic uncertainty, increased competition, and the impending redesign of its flagship model, Tesla Inc (NASDAQ: TSLA) has significantly boosted discounts on select already made new Model 3 electric cars. Additional discounts are also being extended to the Model Y and other vehicles in its U.S. inventory, aimed at enticing potential buyers.

In California, Tesla's website reveals that a Model 3 variant available in their inventory is... More

Tesla (TSLA) shipping cars with 50% Charge, offers free supercharging miles

Electric vehicle giant, Tesla (NASDAQ: TSLA) has begun shipping their cars to customers with a 50% charge for safety reasons. As a gesture of goodwill, they're also offering buyers 150 free Supercharging kilometers to make up for any inconvenience caused.

According to Reddit user u/W-001, Tesla gave the following message through email... More

Citi Out Positive on NVIDIA (NVDA)

Citi analyst Atif Malik reiterated a Buy rating and $420.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "Mercury Research released 1Q23 graphics data yesterday. While the data is backward looking, we saw on a Q/Q basis that NVDA GPU revenue... More

Volkswagen COO says automaker will not join discount battle in China 'at any price'

Volkswagen Chief Operating Officer Ralf Brandstaetter said in an interview released Wednesday that the German automaker would not participate in a discount battle in China "at any price".

"Volkswagen is focusing on a sustainable business model. In concrete terms, this means that we will not participate in the... More

BayWa r.e. collaborates with Tesla (TSLA) to offer Powerwall to growing installation network

International renewable energy supplier, BayWa r.e. announced Tuesday that the German-based company has entered into a First of its kind collaboration with Tesla (NASDAQ: TSLA) to include the electric automakers Powerwall through BayWa r.e. Solar Systems, the company's distribution arm in the... More

CFRA on NVIDIA (NVDA): 'EPS can grow at a five-year CAGR of +25%'

CFRA analyst Angelo Zino reiterated a Buy rating on NVIDIA (NASDAQ: NVDA).

The analyst comments "CEO Jensen Huang held a live keynote at the COMPUTEX conference in Taipei where he announced a slew of new accelerated computer offerings. Most importantly, NVDA unveiled DGX GH200, an AI... More

Analysts bullish on medtech due to strong fundamentals

Both Morgan Stanley and BofA released bullish notes regarding medical technology on Tuesday.

At BofA, analyst Travis Steed told investors that medtech stocks are on sale, while the fundamentals are the best in three years, and that he sees the sector as ownable.

"Medtech sold off post Q1 as investors realized... More

Elon Musk says he is open to expanding Tesla (TSLA) in China during surprise Beijing visit

Teslas (NASDAQ: TSLA) billionaire CEO, Elon Musk took an unannounced trip to Beijing on Tuesday, his first trip to the country in over three years, where he is expected to meet with senior Chinese officials and visit Tesla's Shanghai plant.

Just... More

U.S. closes investigation into Tesla’s (TSLA) 'Passenger Play' feature

The National Highway Traffic Safety Administration (NHTSA) announced on Tuesday the closing of its investigation into 580,000 Tesla (NASDAQ: TSLA) vehicles regarding the inclusion of games in Tesla's "Passenger Play" feature accessible through the front center touchscreen.

Following the start of the investigation in... More

Barclays voices concerns about Tesla's (TSLA) model concentration, remains bullish on the stock

Barclays reiterated an Overweight rating on Tesla (NASDAQ: TSLA) with a 12-monmth price target of $220.00 as analyst Dan Levy believes that the electric vehicle maker is set up well for growth. However, Levy is concerned about the companys model concentration. While Tesla is currently the 16th largest automaker by volume (in 2022), the automaker relies heavily on their bestselling model, the Model Y, which was the largest selling model by volume globally... More