S&P 500 cuts losses despite rising geopolitical tensions amid Israel-Hamas war

Tesla (TSLA) confirms battery cell milestone

Electric vehicle giant, Tesla (NASDAQ: TSLA) announced on "X", formerly Twitter, Wednesday that the automaker has reached a new 4680 battery cell production milestone as it built its 20 millionth cell at Gigafactory Texas.

In only four months, Tesla managed to double its overall count of... More

Susquehanna cuts airlines price targets as 'things could get worse before they get better'

Susquehanna analyst Christopher Stathoulopoulos cut the price target for various airline stocks Wednesday, stating that "getting back to normal doesn't look so good."

The analyst told investors in a note that with its airline coverage down fully ~35% since early July, the view is "a bottom is here (or close) would seem reasonable."

However, "with FY24 consensus estimates for capacity still aspirational, we believe... More

Idra builds gigapress casting machine for Ford (F) and Hyundai

Idra, a manufacturer of aluminum casting machines in Italy and a supplier to Tesla (NASDAQ: TSLA), has expanded its customer roster to include Ford (NYSE: F), Hyundai, and a European company, reflecting the growing interest among automakers in... More

Citi Positive on NVIDIA (NVDA), 'we expect the data center segment to remain NVDA's leading sales driver'

Citi analyst Atif Malik reiterated a Buy rating and $630.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "Taiwanese add-in graphics card/OEMs like Gigabyte/MicroStar reported September monthly sales +19% M/M (+58% Y/Y) vs. 3-year average seasonality of +12% M/M. With August +... More

Tesla (TSLA) denies claims of health and safety risks at German plant

Tesla (NASDAQ: TSLA) on Tuesday firmly denied allegations made by a German union and recent media reports suggesting inadequate health and safety measures at its gigafactory near Berlin.

The company emphasized that safeguarding the well-being of its workers remains a... More

When will the 'iPhone moment' take place for battery tech?

Over the past 30 years, the world has witnessed significant progress in battery technology. Battery energy density has surged from 50Wh/kg to 350Wh/kg, marking an increase of 10Wh/kg per year.

This trajectory suggests that we are on the verge of a groundbreaking shift, with the potential to soon double current energy density levels to 700-800Wh/kg.

The most prominent hurdle facing battery progress is a lithium supply shortage, aggravated by a fivefold increase in demand projected by 2030. To counter this challenge, researchers are exploring alternative technologies, such as sodium-ion (Na-ion) batteries. While these... More

Jefferies cuts price target on Tesla (TSLA) as margin erosion casts doubts

Jefferies reiterated a Hold rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the stock after the electric automaker posted a decline in quarterly production and deliveries.

The decline in production was expected, as the company had closed several facilities to accommodate updates for the automakers Model 3 refresh.

However, the increased margin erosion in Q3 and the uncertain growth prospects for... More