Foot Locker, Tesla, Peloton fall premarket; Kohl's, Urban Outfitters rise

Tesla (TSLA) in prime position to further capitalize on EV transformation, claims Wedbush's Ives

Tesla's (NASDAQ: TSLA) sum-of-the-parts story is fully in stride, according to Wedbush analyst Daniel Ives on Friday.

Ives noted the electric vehicle giant's newly released supercharger network OEM deals, energy business, AI-driven autonomous path, unmatched battery ecosystem, and increased production scale/ scope... More

Stellantis (STLA) expands SPOTiCAR program to the U.S.

Stellantis (NYSE: STLA) announced Thursday that the automaker will be expanding its SPOTiCAR program into the United States.

SPOTiCAR, the manufacturer-approved pre-owned vehicle program, was originally introduced in Europe back in 2019 and reached across 11 countries. The program encompasses renowned brands like Alfa Romeo,... More

Tesla (TSLA) Investors can expect to see payouts from Elon Musk's SEC settlement soon

In a Wednesday night court filing concerning a legal dispute stemming from a tweet sent by Tesla (NASDAQ: TSLA) CEO Elon Musks in 2018 shows 3,350 eligible claimants will share in a $41.53 million payout.

Musk drew the SEC's attention in August 2018, tweet saying he was thinking about taking Tesla private and had "funding secured" with "investor support." When the plan fell... More

Tesla (TSLA) virtual power plants will energize Texas grid

A recent press release by the Public Utility Commission of Texas (PUCT) reveals that electric vehicle company, Tesla (NASDAQ: TSLA) will be providing Virtual Power Plant (VPP) solutions to the state's power grid. This initiative is a component of the Aggregate Distributed Energy Resource (ADER) initiative promoted by PUCT in 2022.

According to the press... More

NVIDIA (NVDA) PT Raised to $600 at CFRA, 'we see FCF growth at +$23B in FY 24'

CFRA analyst Angelo Zino raised the price target on NVIDIA (NASDAQ: NVDA) to $600.00 (from $500.00) while maintaining a Buy rating.

The analyst comments "We increase our 12-month target to $600 from $500, on P/E of 32.6x our CY 25 EPS view, above peers but below... More

AMC Entertainment (AMC) 'well-positioned against improving industry backdrop' - Wedbush

AMC Entertainment (NYSE: AMC) was lifted to Neutral from Underperform with a price target of $19 per share, up from $2 at Wedbush on Thursday.

Analyst Alicia Reese told investors in a note they expect AMC shares to settle around their new $19 price target post-conversion and... More

Former XPeng (XPEV) autonomous driving head joins Nvidia (NVDA)

Wu Xinhou, the former vice president of autonomous driving at Xpeng (NYSE: XPEV), announced Thursday that he is joining U.S. artificial intelligence giant Nvidia (NASDAQ: NVDA).

Although Wu didn't provide specific details about his new position at Nvidia,... More

Peloton Interactive (PTON) PT Lowered to $9 at Roth/MKM, 'Another Messy Quarter; NT Demand Outlook Remains Unclear'

Roth/MKM analyst George Kelly lowered the price target on Peloton Interactive (NASDAQ: PTON) to $9.00 (from $11.00) while maintaining a Buy rating.

The analyst comments "PTON's 4Q23 report showed continued consumer demand challenges and one-time issues that negatively impacted revenue growth and... More

NVIDIA (NVDA) PT Raised to $605 at Goldman Sachs, 'Strong Gen AI Demand and Improving Supply to Drive Continued Outperformance'

Goldman Sachs analyst Toshiya Hari raised the price target on NVIDIA (NASDAQ: NVDA) to $605.00 (from $495.00) while maintaining a Buy rating.

The analyst comments "Nvidia delivered against heightened investor expectations as growing investments in Gen AI infrastructure drove a 21% revenue beat and non-GAAP EPS (excl. SBC)... More

NVIDIA (NVDA) PT Raised to $600 at BMO Capital, 'High Bar? Not a Problem'

BMO Capital analyst Ambrish Srivastava raised the price target on NVIDIA (NASDAQ: NVDA) to $600.00 (from $550.00) while maintaining a Outperform rating.

The analyst comments "The company delivered another meaningful beat and raise. The AI demand continues to climb meaningfully higher. NVIDIA's visibility is... More

Peloton Interactive (PTON) PT Lowered to $8 at BMO Capital

BMO Capital analyst Simeon Siegel lowered the price target on Peloton Interactive (NASDAQ: PTON) to $8.00 (from $9.50) while maintaining a Market Perform rating.

The analyst commented, "4Q was yet another disappointing quarter. As weve highlighted for some time, we fear growing churn, slipping engagement, and... More

Peloton Interactive (PTON) PT Lowered to $9 at Barclays

Barclays analyst Mario Lu lowered the price target on Peloton Interactive (NASDAQ: PTON) to $9.00 (from $17.00) while maintaining a Overweight rating.

The analyst commented, "Despite a large pullback in PTON shares today, FCF and Connected Fitness gross margin excluding one-time charges... More

Stellantis (STLA) enters dealership electrification agreement with AGI

Acknowledging the extensive national requirements involved in the design, implementation, and upkeep of EV charging networks at over 2,600 sites, Stellantis (NYSE: STLA) revealed on Wednesday their decision to appoint AGI as a turnkey infrastructure solutions provider. This partnership aims to support their dealers in their push towards electrification, encompassing all the necessary elements to establish electric vehicle supply equipment (EVSE) for charging purposes.

The... More

Tesla (TSLA) cuts production targets in Germany as output slows

A story by Business Insider Wednesday, citing internal documents and unnamed sources, reports that electric vehicle maker, Tesla (NASDAQ: TSLA) has decided to cut their production targets for their German facility to 4,350 a week in July and August after hitting 5,000 a week in March with plans to reduce it further.

In late March, the American EV maker shared a... More

Stellantis (STLA) considers Chinese EV partnership with Leapmotor

According to a report from Bloomberg News on Wednesday, Stellantis (NYSE: STLA), the parent company of Dodge, Fiat and several global brands is actively considering potential collaboration opportunities with Zhejiang Leapmotor, a Chinese electric vehicle (EV) manufacturer.

A strategic move is aimed at growing Stellantis' footprint in the Chinese automotive market.

Sources familiar with the matter have indicated that Stellantis is... More