Midday movers: Tesla, Constellation Brands, Palantir and more

Tesla (TSLA) cuts range estimates on various EV models

Tesla (NASDAQ: TSLA) has has revised its electric vehicle driving-range estimations downward as a response to a new U.S. government regulation aimed at ensuring accuracy in reflecting real-world performance by automakers.

On its website, Tesla updated the driving range estimates for its 2023 X, S, Y, and 3 variants compared to previous versions found on a U.S. government website. The Model Y Long Range EV, for instance, now shows an estimated range of 310 miles on Tesla's site, while the government's EPA-managed fuel economy... More

EV makers choose Nvidia (NVDA) for AI

American tech company, Nvidia (NASDAQ: NVDA) announced Monday that Chinese electric automaker, Li Auto (NASDAQ: LI) has chosen the NVIDIA DRIVE Thor centralized car computer to power its next-generation fleets.

NVIDIA also revealed the NVIDIA DRIVE Orin platform will be... More

Apple (AAPL) weakness a buying opportunity, developer conference a key catalyst - Morgan Stanley

Apple (NASDAQ: AAPL) shares have been on the back foot since mid-December, continuing the decline into 2024. Still, analysts at JPMorgan and Morgan Stanley provided an optimistic tone in notes on Monday.

JPMorgan's Samik Chatterjee maintained an Overweight rating and $225 price target on the stock, telling investors to put the recent underperformance into context.

"AAPL shares have had tough start to the year, down -6% in the first week, given building pessimism around a lack of momentum in iPhone sales in conjunction (and... More

Top pick NVIDIA's (NVDA) potential upside is significant - New Street Research

New Street Research named NVIDIA (NASDAQ: NVDA) as one of its top picks for 2024 in a recent note, noting the total addressable market (TAM) for AI data center chips.

"The $400bn TAM for AI data center chips AMD pitched last month may... More

JPMorgan Looking for a Floor on Apple (AAPL)

JPMorgan analyst William Yang reiterated an Overweight rating and $225.00 price target on Apple (NASDAQ: AAPL)

The analyst comments "Share price back to Sep 2023 (pre iPhone 15 launch) levels following round trip on macro optimism. AAPL shares have had tough start to the... More

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