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Tesla (TSLA) recalls 1.62M units in China

The China State Administration for Market Regulation revealed Friday that electric automaker, Tesla (NASDAQ: TSLA) will recall 1.62 million vehicles in the country. The recall follows two others that were enacted in the United States in December.

The U.S. automaker will release an... More

Wolfe downgrades Rivian (RIVN) ahead of R1 production ramp

Wolfe Research downgraded Rivian Automotive (NASDAQ: RIVN) to Peer Perform (From Outperform) and removed their $33.00 price target on the stock as the company prepares to ramp R1 capacity at their facility in Normal, IL.

During 2023, Rivian reached a significant turning point in its operations, overcoming production hurdles and increasing production from 9,400 vehicles in Q1 to 17,500 vehicles in Q4.

Analysts at Wolfe suggest that a majority of the... More

Deutsche Bank continues to see 'large downside risk' for Tesla (TSLA) in 2024

Deutsche Bank reiterated a Buy rating on Tesla (NASDAQ: TSLA) with a 12-month price target of $260.00 on the automotive stock following the electric vehicle makers 4Q volume report.

The company delivered 485k units in the 4Q, consisting of 462k Model 3 and Y, and 23k units of S/X and some Cybertrucks, enabling the... More

Tesla (TSLA) China sees 68.7% jump in EV sales

Electric vehicle giant, Tesla (NASDAQ: TSLA) reportedly sold 94,139 China-made electric vehicles in December according to data released by the China Passenger Car Association (CPCA), a 68.7% jump compared to the same time last year.

China-made Model 3 and Model Y deliveries saw a 14.2% increase compared... More

Jefferies raises estimates on Tesla (TSLA) following 4Q volume report

Jefferies reiterated a Hold rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the stock to $255.00 (From $210.00) following the electric automakers 4Q volume report.

There have been no significant changes in the reported 4Q volume, but it's worth mentioning a surprising decrease in leasing adoption and better-than-anticipated "Other model" deliveries. This could indicate more seamless ramp than initially anticipated in the implementation of 4680 batteries or the production of... More