Midday movers: Nvidia, Tesla, SoFi Technologies and more

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

SoFi Technologies (SOFI) Adds to Recent Gain, Up Another 7%

SoFi Technologies (NASDAQ: SOFI) Adds to Recent Gain, Up Another 7%