Target, Cava and Coinbase rise premarket; Tesla, Tower Semiconductor fall

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Morgan Stanley on Tesla (TSLA): 'Investors are becoming more cautious on China EVs'

August 17, 2023 4:11 PM EDT

Morgan Stanley analyst Adam Jonas reiterated an Equalweight rating and $250.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Investors are becoming more cautious on China EVs after a solid run in the past 3 months, with Tesla's further promotional activity of particular... More

Tesla (TSLA) notifies lithium supplier of potential lawsuit over failed deal

August 17, 2023 2:30 PM EDT

Lithium supplier, Core Lithium has been notified by electric vehicle maker, Tesla (NASDAQ: TSLA) regarding a 2022 supply agreement that failed to be realized within the contracted timeframe, according to a statement from the Australian mining company.

Despite prior arrangements, the... More

Tesla (TSLA) to begin mass output of revamped Model 3 in China

August 17, 2023 7:57 AM EDT

Tesla (NASDAQ: TSLA) is poised to begin mass production of the electric vehicle giants updated Model 3 in China as early as next month, according to people familiar with the situation.

Sources, who opted to remain anonymous as the details are not yet public, have revealed that Tesla is nearing the completion of display... More

Texas commission approves Tesla (TSLA) charging standard for federal funds despite concerns

August 16, 2023 1:46 PM EDT

A Texas commission voted Wednesday to approve a plan to include Tesla's (NASDAQ: TSLA) North American Charging Standard (NACS) technology to be eligible for federal funds, despite calls for more time to re-engineer and test the connectors.

According to federal regulations, companies must provide NACS rival, Combined Charging System (CCS) as a basic offering to qualify for the... More

Mizuho Securities Negative on Coinbase Global Inc. (COIN) Crypto Futures: 'cannibalization risk'

August 16, 2023 9:55 AM EDT

Mizuho Securities analyst Dan Dolev reiterated an Underperform rating and $27.00 price target on Coinbase Global Inc. (NASDAQ: COIN).

The analyst comments "Bloomberg reported that COIN obtained approval from the National Futures Association (NFA) to sell crypto derivatives directly to retail traders in... More