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China’s Xiaomi unveils first EV

December 28, 2023 10:09 AM EST

Chinese smartphone maker Xiaomi unveiled its first electric vehicle (EV) on Thursday, while also announcing the companys ambitious goal of becoming one of the worlds top five automakers.

The upcoming sedan, named SU7 (with SU standing for Speed Ultra), is generating a lot of excitement. Chief Executive Lei Jun has highlighted its "super electric motor" technology, boasting acceleration speeds faster than those of Tesla (NASDAQ: TSLA)... More

Tesla (TSLA) preparing Shanghai gigafactory for revamped Model Y

December 27, 2023 9:35 AM EST

Tesla Inc. (NASDAQ: TSLA) is gearing up to introduce an updated version of its highly successful Model Y from its Shanghai plant according to unnamed sources familiar with the matter. This move comes in response to heightened competition from domestic rivals, prompting an... More

Wedbush reiterates Outperform ahead of Tesla's (TSLA) 4Q delivery report

December 27, 2023 8:52 AM EST

Wedbush reiterated an Outperform rating and 12-month price target of $350.00 on Tesla (NASDAQ: TSLA) ahead of the companys 4Q delivery report.

In the final week of December, Wedbush analysts believe the electric automaker is tracking slightly ahead of the 480k delivery mark.

Global Tesla prices have recently stabilized, with increases observed in various regions, notably China.... More

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

December 26, 2023 10:06 AM EST

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

December 26, 2023 9:57 AM EST

(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

December 26, 2023 5:48 AM EST

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