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Tesla (TSLA) facing 'very limited growth', will require 'major price cuts' in 2024

January 25, 2024 1:45 PM EST

Deutsche Bank (DB) reiterated a Buy rating on Tesla (NASDAQ: TSLA) but cut their 12-month price target on the electric automaker over heightened concerns around 2024.

Teslas very limited outlook commentary last night, in our view confirmed our caution around 2024, in which the company will likely see very limited volume growth and pressure on earnings. Wrote DB... More

Tesla (TSLA) slumps 10% following Musk sales warning

January 25, 2024 11:00 AM EST

Shares of electric automaker, Tesla (NASDAQ: TSLA) fell more than 10% on Thursday following CEO Elon Musk's caution about a slowdown in sales growth this year.

This comes despite previous price cuts that have impacted profit margins and raised concerns among investors in the... More

Musk warns Chinese EV brands will 'demolish' global rivals without trade barriers

January 25, 2024 8:40 AM EST

Tesla's CEO Elon Musk issued a warning on Wednesday, suggesting that Chinese automakers would destroy global competitors if trade barriers are eliminated.

Musks assertion underscores the mounting pressure faced by Tesla, the leading player in the U.S. electric vehicle market, from formidable competitors like BYD, a company backed by Warren Buffett, which clinched the title of the world's top-selling EV company last quarter.

Despite Tesla's aggressive price cuts extending... More

Redburn starts Tesla (TSLA) and Ford (F) at Sell

January 24, 2024 2:49 PM EST

Redburn Atlantic has initiated coverage on Ford Motor (NYSE: F) and Tesla (NASDAQ: TSLA) with Sell ratings. For Ford, Redburn set a 12-month price target of $10.00, citing a review of the automaker's cost structure, which indicates minimal improvement until a more robust electric vehicle (EV) platform is developed.

We expect the group [Ford] to underperform its peers in this regard over the next two years, wrote Redburn analysts in a note.

It's worth noting that in Q4... More

Tesla (TSLA) plans affordable mass-market EV in mid-2025

January 24, 2024 8:32 AM EST

Tesla (NASDAQ: TSLA) has informed its suppliers of plans to commence production of a new mass-market electric vehicle, codenamed "Redwood," by mid-2025, as reported by Reuters on Wednesday, citing four individuals familiar with the matter, with two sources describing the model as a compact crossover. Top of Form

Tesla CEO,... More

Tesla (TSLA) reclaims top spot as best-selling EV startup in China

January 23, 2024 10:04 AM EST

Tesla (NASDAQ: TSLA) reclaimed its position as the best-selling EV maker in China with a 60% WoW increase in deliveries to 11.7k units, attributed to recent price cuts.

Li Auto (NASDAQ: LI) followed with 7.7k units, showing a 13% YoY... More

Evercore ISI sees a further 10% downside in Tesla (TSLA) stock

January 23, 2024 8:16 AM EST

Evercore ISI expects Tesla (NASDAQ: TSLA) to report 4Q EPS of approximately $0.70, aligning with consensus estimates and buyside expectations. However, the company's gross margin is expected to be in line or slightly below consensus, standing at around 16.3%, compared to the consensus range of 16.5-17% excluding credits. This is attributed to discounts on existing U.S.... More