Lennar, JD.com, Domino's Pizza rise premarket; Tesla falls
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Autonomy is 'main driver' of Tesla (TSLA) value says Musk
June 16, 2023 1:48 PM EDTTesla (NASDAQ: TSLA) CEO Elon Musk attended Vivatech 2023 in Paris Friday where he revealed that his company is close to achieving fully autonomous vehicles, adding autonomy was the "main driver" of the brand's market value.
TSLA shares jumped by as much... More
Tesla (TSLA) China to offer time-limit insurance and loan incentives for Model 3
June 16, 2023 11:55 AM EDTTesla (NASDAQ: TSLA) China announced, via its official Sina Weibo account Friday, that the electric automaker is offering a limited-time incentive for the China-made Model 3.
The company announced that from June 16th to 30, customers who purchase and successfully take delivery of the... More
General Motors (GM) and Ford (F) executives comment on rebound of US consumer demand
June 15, 2023 2:39 PM EDTTop executives from General Motors (NYSE: GM) and Ford Motors (NYSE: F) commented Thursday that new vehicle demand from U.S. retail and commercial customers is outpacing expectations.
Their comments highlight an optimistic report released by The U.S. Commerce Department indicating a surprising increase in retail sales for May as a growing number of Consumers are purchasing vehicles and various other goods.
"If the consumer remains at this strength, we could significantly outperform what we said" about full-year performance, General Motors Chief... More
Tesla (TSLA) to reduce shifts at German plant, says production targets are on track
June 15, 2023 2:08 PM EDTTesla (NASDAQ: TSLA) announced Thursday that it plans to hire fewer temporary workers at its plant near Berlin compared to the initial ramp-up phase. Additionally, the company will no longer schedule Saturday shifts. However, Tesla remains confident in its ability to meet the... More
RBC Capital examines Tesla’s (TSLA) FSD future, reiterates Outperform
June 15, 2023 9:17 AM EDTRBC Capital Markets reiterated an Outperform rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the stock to $305.00 (From $212.00) as the automaker continues to work towards a fully autonomous electric vehicle.
Analyst Tom Narayan wrote in a note, We believe robotaxis (and autonomous vehicles in general) could potentially transform society more than anything else in our... More
Morgan Stanley remains bullish as Tesla (TSLA) prepares to welcome Ford and GM to charging network
June 15, 2023 8:42 AM EDTMorgan Stanley reiterated an Overweight rating and $200.00 price target on Tesla (NASDAQ: TSLA) as the electric vehicle maker prepares to open charging stations to Ford (NYSE: F) and General Motors (NYSE: GM)... More
