US stock futures edge lower; Nike outlook, inflation data in spotlight

Piper Sandler remains Overweight on Tesla (TSLA) ahead of 4Q delivery report

Piper Sandler reiterated an Overweight rating on Tesla (NASDAQ: TSLA) with a 12-month price target on the stock ahead of the companys 4Q delivery report early next week.

Piper analysts are expecting the electric automaker to report deliveries of 507k vehicles in... More

Morgan Stanley says Tesla is both a car and AI company, remains bullish for 2024

(Updated - December 26, 2023 9:59 AM EST)

Morgan Stanley reiterated an Overweight rating on Tesla Inc. (NASDAQ: TSLA) with a 12-month price target of $380.00 on the stock ahead of what could be another volatile year for the electric automaker.

Its not terribly surprising that auto investors are cautious on Tesla given increased competition and a lack of high-volume new... More

Tesla (TSLA) Mentioned Positively at Piper Ahead of Q4 Deliveries

Piper Sandler analyst Alexander Potter reiterated an Overweight rating and $295.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Overweight-rated TSLA will be announcing Q4 deliveries early next week (probably on January 2nd). We are currently expecting the company to deliver 507k... More

Tesla (TSLA) recalls 120k EVs in U.S.

The National Highway Traffic Safety Administration announced Friday that electric vehicle giant, Tesla (NASDAQ: TSLA) is recalling 120,423 vehicles in the U.S. over the risk of cabin doors being unlocked during a crash.

The NHTSA confirmed that the electric automaker has issued an... More

Warren Buffett's Berkshire Hathaway ups stake in Occidental Petroleum (OXY)

Occidental Petroleum (NYSE: OXY) shares are up around 2% Friday after Berkshire Hathaway (AMEX: BRK.A) (AMEX: BRK.B) upped its stake in the company to nearly 28%.

According to a regulatory filing, Warren Buffett-led Berkshire Hathway has acquired around 5.2 million shares of Occidental for about... More

RBC Capital cuts delivery estimates on Tesla (TSLA)

RBC Capital reiterated an Overweight rating on Tesla (NASDAQ: TSLA) with a 12-month price target of $300.00 on the stock after cutting delivery estimates on the electric automaker.

RBC revised their Tesla 4th quarter delivery projections to 456k units, marking a 4.2% decrease from... More

Nike (NKE) cut at CFRA Research as 'company faces competition'

Nike (NYSE: NKE) was cut to Sell from Hold at CFRA Research on Friday, following the company's latest earnings release, which resulted in its shares tumbling over 11%.

The firm maintained a $91 per share price target on the stock, and its FY 24 and FY 25 EPS... More

Sevens Report Research sees similarities to 06/07, market susceptible to bouts of sudden volatility

Sevens Report Research said in its morning note on Friday that they see "five measurable similarities to 2006/2007."

The firm explained that answering the question regarding what lies ahead for the stock market and bond market in 2024 is especially difficult right now, considering "the slew of mixed signals we are... More

Wedbush raises price target on Tesla (TSLA) ahead of 2024

(Updated - December 22, 2023 9:43 AM EST)

Wedbush reiterated an Outperform rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the stock to $350.00 (From $310.00) as analysts believe the electric carmaker is on track to reach the $1 trillion market cap milestone in 2024, despite growing skepticism by the Street.

Before 2023, skeptics believed Tesla faced declining demand and rising competition. However, Musk surprised everyone by globally lowering prices, particularly in China, to... More

Tesla (TSLA) acquires land for battery plant in Shanghai

Chinese state media announced Friday that Tesla (NASDAQ: TSLA) has secured land in Shanghai for a megapack battery manufacturing facility. Production is slated to commence in the fourth quarter of 2024.

The purchase involved Tesla paying 222.42 million yuan ($31.13 million) for rights to a 19.7-hectare... More