Tesla (TSLA) reclaims top spot as best-selling EV startup in China
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Tesla (TSLA) facing 'very limited growth', will require 'major price cuts' in 2024
January 25, 2024 1:45 PM ESTDeutsche 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 ESTShares 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 ESTTesla'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 ESTRedburn 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 ESTTesla (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
Active options: TSLA RTX BABA AMD AAPL NVDA NIO UAL SAVE BIDU
January 23, 2024 10:00 AM ESTActive options: TSLA RTX BABA AMD AAPL NVDA NIO UAL SAVE BIDU
... MoreEvercore ISI sees a further 10% downside in Tesla (TSLA) stock
January 23, 2024 8:16 AM ESTEvercore 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
Evercore ISI sees a further 10% downside in Tesla (TSLA) stock
January 23, 2024 5:59 AM ESTEvercore ISI analyst Chris McNally reiterated an In Line rating and $165.00 price target on Tesla (NASDAQ: TSLA).
"We sit relatively in line w/ cons Q4 ~$0.70 EPS (also buyside bar), and in line/slightly below gross margin (at ~16.3% vs 16.5-17% cons ex-credits) as... More
Tesla (TSLA) January weekly 210 straddle into quarter results
January 23, 2024 5:13 AM ESTTesla (NASDAQ: TSLA) January weekly 210 straddle priced for a move of 7.5% into the expected release of quarter results after the bell on January 24.
... MoreActive options: TSLA NVDA AMD AAPL PLTR PYPL AMZN SOFI
January 23, 2024 4:53 AM ESTActive options: TSLA NVDA AMD AAPL PLTR PYPL AMZN SOFI
... MoreTesla to kick off Cybertruck's China tour in late Jan -media
January 22, 2024 10:39 PM ESTBEIJING (Reuters) - A China-wide tour showcasing Tesla's flagship Cybertruck pickup will kick off in late January, with eight trucks simultaneously on display in eight cities including Shanghai and the capital, Beijing, media outlet the Paper said on Tuesday.
(Reporting by Qiaoyi Li, Zhang Yan and... More
President Wang leads organizational restructuring at XPeng (XPEV)
January 22, 2024 3:13 PM ESTXPeng (NYSE: XPEV) recently underwent a significant organizational restructuring led by new president Wang Fengying, who is approaching her one-year anniversary in the role.
The restructuring, reported by local media outlet Jiemian, encompasses changes in marketing, human resources, data, manufacturing, and product planning.
Zhang Li,... More
Active options: TSLA NVDA AMD AAPL PLTR PYPL AMZN SOFI
January 22, 2024 2:31 PM ESTActive options: TSLA NVDA AMD AAPL PLTR PYPL AMZN SOFI
... MoreTesla (TSLA) call put ratio 1.6 calls to 1 put into quarter results with focus on March 300 calls
January 22, 2024 10:58 AM ESTTesla (NASDAQ: TSLA) January weekly call option implied volatility is at 80, February is at 51; compared to its 52-week range of 42 to 74 into the expected release of quarter results after the bell on January 24.
... MoreTesla (TSLA) January weekly option implied volatility into quarter results
January 22, 2024 10:48 AM ESTTesla (NASDAQ: TSLA) January weekly call option implied volatility is at 80, February is at 51; compared to its 52-week range of 42 to 74 into the expected release of quarter results after the bell on January 24.
... MoreDow Jones, Nasdaq, S&P 500 weekly preview: Are new highs sustainable?
January 22, 2024 8:32 AM ESTThe S&P 500 (SPX) hit a new record high last week after finally clearing 4,818.62 the level set in the first week of 2022. The index gained 1.2% last week and is now likely to continue pushing toward the psychologically-important 5,000 level.
Nasdaq Composite Index (IXIC) jumped 2.3% as tech stocks continue to ride the AI momentum. The index closed the week at 15,310.97 with the record high sitting at 16,212.23. Finally, the Dow Jones Industrial Average (DJI) was up 0.7%, marginally posting a new record high as the bulls continue closing in on 40000.
This weeks economic calendar is full of important data,... More
Morgan Stanley cuts price target on Tesla (TSLA) ahead of 4Q report
January 22, 2024 8:09 AM ESTMorgan Stanley reiterated an Overweight rating on Top Pick Tesla (NASDAQ: TSLA) and cut their 12-month price target on the electric auto stock to $345.00 (From $380.00) ahead of the companys 4Q earnings report, expected to be released on January 24th.
Global EV momentum is stalling. The market is over-supplied vs. demand. Wrote Morgan... More
Tesla (TSLA) PT Lowered to $345 at Morgan Stanley, 'Global EV momentum is stalling'
January 22, 2024 6:27 AM ESTMorgan Stanley analyst Adam Jonas lowered the price target on Tesla (NASDAQ: TSLA) to $345.00 (from $380.00) while maintaining a Equalweight rating.
The analyst comments "Global EV momentum is stalling. The market is over-supplied vs. demand. We anticipate Teslas 2024 outlook to be cautious on... More
Tesla price cuts, delivery plan and CEO pay in focus ahead of results
January 22, 2024 6:03 AM ESTBy Akash Sriram
(Reuters) - Tesla's profitability and deliveries will be on top of investors' minds when the world's most valuable automaker reports results on Wednesday, days after sharp price cuts and announcement of a production pause at the Berlin factory.
Falling prices of battery materials are expected to let Tesla show a slight rise in profit margin from the previous quarter.
But it will be down sharply from a year ago, and pressure is rising after price cuts in Asia and Europe and rising costs from ramping up Cybertruck production.
Chief Executive Elon... More
Futures higher, FAA recommends more Boeing safety checks - what's moving markets
January 22, 2024 5:40 AM ESTInvesting.com --Â U.S. stock futures gain on Monday, in a possible sign of ongoing upward momentum after a tech-fueled surge in equities last week. The U.S. aviation authority recommends new safety checks on Boeing (NYSE: BA) planes that have similar features to a jet model involved in a mid-air door plug breach earlier this month. Sony (NYSE: SONY) pulls the plug on a mega-merger with India's Zee Entertainment, sparking a potential... More
Futures higher, FAA recommends more Boeing safety checks - what's moving markets
January 22, 2024 5:40 AM ESTInvesting.com --Â U.S. stock futures gain on Monday, in a possible sign of ongoing upward momentum after a tech-fueled surge in equities last week. The U.S. aviation authority recommends new safety checks on Boeing (NYSE: BA) planes that have similar features to a jet model involved in a mid-air door plug breach earlier this month. Sony (NYSE: SONY) pulls the plug on a mega-merger with India's Zee Entertainment, sparking a potential... More
Tesla (TSLA) January weekly 212.50 straddle into quarter results
January 22, 2024 5:27 AM ESTTesla (NASDAQ: TSLA) January weekly 212.50 straddle priced for a move of 7% into the expected release of quarter results after the bell on January 24.
... MoreBYD distributor to triple EV dealerships in Thailand
January 19, 2024 11:04 AM ESTThe exclusive Thai distributor of BYD plans to triple its dealerships within the next two years. A strategic move aimed at solidifying BYD's leading position in the Thai market.
In the fourth quarter of the previous year, BYD surpassed Tesla (NASDAQ: TSLA) to become the top EV maker globally. The expansion in Thailand serves as a significant step in BYD's global expansion strategy, particularly in markets where its U.S. competitor has not yet... More
Tesla (TSLA) January weekly option implied volatility into quarter results
January 19, 2024 10:32 AM ESTTesla (NASDAQ: TSLA) January weekly call option implied volatility is at 64, February is at 50; compared to its 52-week range of 42 to 74 into the expected release of quarter results after the bell on January 24.
... MoreU.S. to invest $325M to repair EV chargers while cutting costs
January 19, 2024 8:41 AM ESTThe White House announced that the U.S. Departments of Transportation and Energy will invest $325 million in three programs aimed at advancing electric vehicle (EV) technologies, repairing chargers, and reducing battery costs.
During the announcement, the White House stated that the funding for EV chargers will address the... More
Tesla (TSLA) January weekly 210 straddle into quarter results
January 19, 2024 3:55 AM ESTTesla (NASDAQ: TSLA) January weekly 210 straddle priced for a move of 7% into the expected release of quarter results after the bell on January 24.
... MoreActive options: TSLA AMD NVDA AAPL SAVE MARA TSM MSFT AMZN
January 19, 2024 3:39 AM ESTActive options: TSLA AMD NVDA AAPL SAVE MARA TSM MSFT AMZN
... More
