Pfizer, Tesla, Caterpillar, JetBlue fall premarket; Pinterest, Arista rise

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Tesla (TSLA) delivers 72K China-made EVs in October; down 2.6% M/M

November 2, 2023 8:37 AM EDT

The China Passenger Car Association, Thursday, released Tesla's (NASDAQ: TSLA) October 2023 delivery results, announcing that the electric automaker delivered 72,115 China-made electric vehicles in the month, down 2.6% M/M.

Sales of China-made Model 3 and Model Y cars edged up 0.6% from a year... More

Tesla (TSLA) wins Autopilot trial involving fatal crash

October 31, 2023 2:30 PM EDT

Tesla (NASDAQ: TSLA), on Tuesday, achieved its first successful outcome in a U.S. trial regarding accusations that its Autopilot driver assistant feature resulted in a fatality. This marks a significant win for Tesla, given the number of similar lawsuits it is currently confronting nationwide.

The lawsuit, which took place in a California state court, was initiated by two passengers involved in a 2019 accident, alleging that Tesla was... More

Here's why this networking equipment firm is a top AI pick at Citi

October 31, 2023 2:10 PM EDT

Citi analyst reiterated a networking equipment stock as its top pick into 2024 in a note to clients on Tuesday, following the company's earnings beat and raise.

The analysts, led by Atif Malik, said Buy-rated Arista Networks (NYSE: ANET) is their... More

Deutsche Bank says losses may extend but will not derail EV transition

October 31, 2023 1:59 PM EDT

As emerging electric and legacy automakers voice concerns over what appears to be a deceleration of demand for battery electric vehicles, Deutsche Bank research analysts believe the existing BEV losses may extend but will not halt the industrys movement towards an EV transition.

During our IAA conference there was a debate if BEV adoption is slowing. This has now become a full blown concern about a potential EV demand meltdown. Writes Deutsche Bank analysts in a... More

Evercore ISI Removes Arista Networks (ANET) from Tactical Outperform List

October 31, 2023 10:33 AM EDT

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $210.00 price target on Arista Networks (NYSE: ANET)

The analyst comments "Despite heightened investor worries on the downside risk into the EPS call, ANET posted another solid beat and raise. Sept-qtr print came in at $1.51B/1.83 vs. street at $1.48B/1.58 as ANET saw revenue growth of +28% y/y driven by strength in... More