Tesla, Darden Restaurants, Accenture fall premarket; Root rises

Tesla (TSLA) recalls Model 3 and Model Y for battery issue

Over the weekend, Tesla (NASDAQ: TSLA) announced a recall affecting 26 of its 2023 Model 3 and Model Y vehicles due to a potential defect in the pyrotechnic battery disconnect. According to the safety report from the National Highway Traffic Safety Administration (NHTSA), the faulty battery disconnect may fail to isolate the high voltage battery of the vehicle following a crash or fault... More

Deutsche Bank raises estimates ahead of Tesla’s (TSLA) 2Q delivery report

Deutsche Bank reiterated a Buy rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the stock to $230.00 (From $200.00) ahead of the companys 2Q23 deliveries and earnings report.

Tesla is scheduled to report its delivery and production numbers for the second quarter of 2023 during the upcoming weekend. Deutsche Bank revised their estimates for the second quarter's deliveries to 448,000 units, indicating a 76% year-on-year increase and a... More

Tesla (TSLA) PT Raised to $230 at Deutsche Bank

Deutsche Bank analyst Emmanuel Rosner raised the price target on Tesla (NASDAQ: TSLA) to $230.00 (from $200.00) while maintaining a Buy rating.

The analyst comments "We continue to view Tesla as an EV leader in the autos sector and more recently this has especially manifested in the EV charging space as OEMs onboard the companys... More

Accenture plc (ACN) PT Lowered to $355 at BMO Capital

BMO Capital analyst Keith Bachman lowered the price target on Accenture plc (NYSE: ACN) to $355.00 (from $365.00) while maintaining a Market Perform rating.

The analyst commented, "As we have written since mid-2022, we thought the economy would have an impact on Accentures bookings,... More

Tesla (TSLA) said to be acquiring wireless charging company, Wiferion

Tesla (NASDAQ: TSLA) is said to be in the midst of acquiring Wiferion, a Germany-based electric vehicle (EV) wireless charging company. An acquisition that could pave the way for Tesla to introduce a wireless home charging solution in the future.

The German edition of Business Insider, citing an anonymous source, reports that Wiferion is set to transfer its business to Tesla International BV. The... More

Rivian (RIVN) owners poll shows overwhelming support for NACS adoption

American electric vehicle maker Rivian (NASDAQ: RIVN) announced earlier this week that the company will be joining fellow automakers Ford (NYSE: F) and General Motors (NYSE: GM) in adopting Teslas (NASDAQ: TSLA) North American Charging Standard (NACS).

A look at the companys owners forum reveals a strong consensus among owners and enthusiasts of the electric vehicle manufacturer's trucks in... More

Morgan Stanley sees Alcoa (AA) shares facing downward pressure

Alcoa (NYSE: AA) was cut to Underweight from Equal Weight at Morgan Stanley on Thursday, with analyst Carlos De Alba lowering the firm's price target on the stock to $33 from $43 per share.

The analyst explained that sluggish fundamentals will cap the recent rally for Americas... More

Amazon's (AMZN) iRobot acquisition to face EU antitrust investigation - Reuters

Reuters reported Thursday that Amazon's (NASDAQ: AMZN) $1.7 billion acquisition of iRobot, the robot vacuum cleaner maker, will have to face an EU antitrust investigation.

According to the publication's sources, the European Commission is planning to undertake a four-month investigation into the deal... More