Tesla to report, Netflix's strong subscriber sign-ups - what's moving markets

Netflix (NFLX) 'strength to continue throughout 2024' - Gimme Credit

Netflix (NASDAQ: NFLX) was confirmed as an Outperform by corporate bond research firm Gimme Credit in a note this week, with the firm noting the company's quarterly earnings release earlier this week.

With Netflix adding more than 13 million subscribers in the fourth quarter, Gimme Credit analyst Dave Novosel noted it is the most additions... More

J.P. Morgan cuts estimates on Tesla (TSLA), 'plenty of further downside potential'

J.P. Morgan reiterated an Underweight rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the auto stock to $130.00 (From $135.00) after the company reported weaker than expected earnings for the sixth straight quarter, and lower YoY profits for the fourth straight quarter, on Wednesday.

Tesla profit expectations have fallen, but... More

Wedbush removes Tesla (TSLA) from 'Best Ideas List'

Equity researcher Wedbush revealed Friday that their analysts have decided to remove electric vehicle maker, Tesla (NASDAQ: TSLA) from their Best Ideas List.

We are removing TSLA from the Wedbush Best Ideas List (BIL) due to our investment price discipline. Wedbush analysts wrote... More

Tesla (TSLA) recalls 199,575 EVs in the U.S.

Electric automaker, Tesla (NASDAQ: TSLA) is recalling nearly 200,000 electric vehicles due to a software glitch that may impede drivers' visibility while driving in reverse, the National Highway Traffic Safety Administration (NHTSA) said on Friday.

The recall covers certain 2023 Y, S and X model vehicles in the U.S., all equipped with "Full Self-Driving" computer 4.0 and run software... More

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

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

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

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

Netflix (NFLX) PT Raised to $555 at Citi

Citi analyst Jason Bazinet raised the price target on Netflix (NASDAQ: NFLX) to $555.00 (from $500.00) while maintaining a Neutral rating.

The analyst comments "Netflix reported 4Q23 revenue, operating income, and net additions above consensus. Along with the print, management guided 1Q24 revenue of $9.24 billion,... More

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

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

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

Netflix (NFLX) PT Raised to $610 at JPMorgan

JPMorgan analyst Doug Anmuth raised the price target on Netflix (NASDAQ: NFLX) to $610.00 (from $510.00) while maintaining a Overweight rating.

The analyst comments "We believe the combination of NFLXs strong 4Q performance & elevated profit profile, scale of 260M households yet w/considerable headroom, & critical step into more diversified content through the partnership w/WWE suggests that... More