Tesla (TSLA) ad spotted at international airport

Is Tesla (TSLA) a Buy or a Sell ahead of 3Q results? This prominent analyst weighs in

October 13, 2023 4:04 PM EDT

(Updated - October 16, 2023 5:29 AM EDT)

As Tesla (NASDAQ: TSLA) prepares to release its 3Q earnings report on Wednesday, investors are mulling over whether they should buy, sell, or hold their shares of the automotive stock.

Tesla shares lost 3.6% last week and are down a further 1% in early Monday trade.

Analysts at Morningstar value the electric automaker at $215.00, below the companys current share price of approximately $250.00 on Friday.

Morningstar utilizes a weighted average cost of capital of slightly below 9% to establish their Fair Value estimate. Additionally, their equity valuation... More

Is Tesla (TSLA) a car or tech company?

October 13, 2023 3:31 PM EDT

Tesla (NASDAQ: TSLA) holds the position of the 7th largest stock based on market capitalization in the United States, and is arguably one of the most hotly debated stocks.

Both the company and its CEO, Elon Musk, attract a significant amount of media attention, making them prominent topics of discussion and debate. However, at the core of the debate is the question of whether Telsa is a car company or a technology company.

Thanks to Tesla's continuous technical innovations, the electric vehicle manufacturer has managed to maintain a cost advantage, resulting in... More

Tesla (TSLA) disputes $230M attorney fee stemming from board pay lawsuit

October 13, 2023 2:26 PM EDT

Tesla (NASDAQ: TSLA) urged a Delaware judge Friday to deny a $230 million legal fee claim made by a group of shareholder lawyers who secured a settlement in a dispute over director compensation.

The electric vehicle manufacturer, has referred to this fee request as an "unwarranted windfall", emphasizing that it equates to an hourly rate of $10,690, one of the highest ever seen in Delaware's Court of Chancery, which is a critical location for shareholder litigation.

The company is seeking... More

Tesla (TSLA) will offer increased pay to employees at German facility

October 12, 2023 3:28 PM EDT

Electric vehicle giant, Tesla (NASDAQ: TSLA) announced Thursday that company plans to increase the pay for its workers at its facility in Germany, where unions have said they earn below the industry average.

The company plans to disclose the exact details of the pay raise... More

Auto report shows surge in EV sales as Tesla's (TSLA) market share shrinks

October 12, 2023 2:24 PM EDT

According to a report from Cox Automotive released on Thursday, 3Q saw a notable surge in electric vehicle sales, surpassing 300,000 units in the United States. However, Tesla (NASDAQ: TSLA), the dominant player in the industry, experienced a drop in its market share to its lowest point on record.

Tesla's market dominance has shrunk to 50%, down from the 62% the company commanded in the 1Q.

This shift occurred despite... More

Active options: TSLA AMZN NVDA AAPL AMD PLTR META MSFT DAL

October 12, 2023 9:54 AM EDT

Active options: TSLA AMZN NVDA AAPL AMD PLTR META MSFT DAL

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XPEL, Inc. (XPEL) Responds to Blog Publication Regarding Tesla's New Film Protection Offerings

October 12, 2023 7:09 AM EDT

Yesterday, a blog post was published stating that Tesla (NASDAQ: TSLA) has started offering color and clear paint protection film wraps in two of their Service Centers in California. Subsequently, XPEL, Inc. (NASDAQ: XPEL) has had numerous... More

EF Hutton Says Buy Xpel inc. (XPEL), 'Stock Down on Tesla News', 'could achieve a 12% pre-load rate of PPF on new Rivians'

October 11, 2023 4:43 PM EDT

EF Hutton analyst Tim Moore reiterated a Buy rating and $104.00 price target on Xpel inc. (NASDAQ: XPEL).

The analyst comments " We believe that XPEL's current relationship with Tesla will be maintained for volumes into late 2024 and the worst case scenario could be the loss of 7% of total sales for XPEL afterwards. However, in our view, we do not expect this worst case scenario to occur because it is more challenging to install color tints (black, red, blue,... More

Tesla (TSLA) confirms battery cell milestone

October 11, 2023 3:24 PM EDT

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

Active options: TSLA NVDA AAPL META AMZN XOM AMD CHPT PLTR

October 11, 2023 3:00 PM EDT

Active options: TSLA NVDA AAPL META AMZN XOM AMD CHPT PLTR

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

October 11, 2023 9:52 AM EDT

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

Active options: TSLA NVDA AMZN AAPL PLTR META XOM AMD PLUG

October 11, 2023 9:48 AM EDT

Active options: TSLA NVDA AMZN AAPL PLTR META XOM AMD PLUG

... More

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

October 10, 2023 3:59 PM EDT

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

SEC Probes Twitter Security Lapse Before Elon Musk Took Over - Bloomberg

October 10, 2023 1:35 PM EDT

(Updated - October 10, 2023 1:42 PM EDT)

SEC Probes Twitter Security Lapse Before Elon Musk Took Over - Bloomberg

The Securities and Exchange Commission is investigating how Twitter managed a 2018 security lapse that exposed personal user information.The agency has been scrutinizing whether the former top executives failed... More

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

October 10, 2023 12:31 PM EDT

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

Tesla (TSLA) option implied volatility steady as share price up 2%

October 10, 2023 10:04 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 52; compared to its 52-week range of 42 to 96 as share price up 2%.

... More

Active options: TSLA PLTR AAPL NVDA AMZN AMD META RIVN

October 10, 2023 9:50 AM EDT

Active options: TSLA PLTR AAPL NVDA AMZN AMD META RIVN

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Tesla (TSLA) Builds A New Home For 'Dojo' Supercomputer As AI Ambitions Rise - The Information

October 10, 2023 9:09 AM EDT

Tesla (NASDAQ: TSLA) Builds A New Home For 'Dojo' Supercomputer As AI Ambitions Rise - The Information

a new bunkerlike structure is under construction that could one day help move the company beyond electric vehicle manufacturing.... More

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

October 10, 2023 8:50 AM EDT

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

Tesla (TSLA) PT Lowered to $266 at UBS

October 10, 2023 7:15 AM EDT

UBS analyst Joseph Spak lowered the price target on Tesla (NASDAQ: TSLA) to $266.00 (from $290.00) while maintaining a Neutral rating.... More