Tesla (TSLA) slumps 10% following Musk sales warning
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Jefferies cuts estimates on Tesla (TSLA), says EV maker lacks 'vision or plan'
January 29, 2024 9:00 AM ESTJefferies reiterated a Hold rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the automakers stock to $185.00 (From: $225.00) following the companys 4Q earnings release.
Teslas 4Q results were as expected, with lower COGS. While slower growth was predicted, avoiding a set volume target could help bring back dynamic... More
Tesla (TSLA) sees FY Capex reaching above $10B in 2024
January 29, 2024 7:30 AM ESTTesla (NASDAQ: TSLA) unveiled an ambitious capital expenditure plan, anticipating expenditures exceeding $10 billion for 2024, with projections to allocate between $8.00 and $10.00 billion in each of the following two fiscal years.
Bolstered by a strong financial standing, the company reported $16.40 billion in cash and $12.70 billion in... More
J.P. Morgan cuts estimates on Tesla (TSLA), 'plenty of further downside potential'
January 26, 2024 9:29 AM ESTJ.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'
January 26, 2024 8:56 AM ESTEquity 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.
January 26, 2024 7:52 AM ESTElectric 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
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) call put ratio 1.1 calls to 1 put as share price down 10.4%
January 25, 2024 10:23 AM ESTTesla (NASDAQ: TSLA) January weekly call option implied volatility is at 74, February is at 51; compared to its 52-week range of 42 to 74 after quarter results.
... MoreActive options: TSLA AMD NVDA AAL AMZN BA AAPL IBM NFLX INTC GOOGL MARA RIVN
January 25, 2024 10:00 AM ESTActive options: TSLA AMD NVDA AAL AMZN BA AAPL IBM NFLX INTC GOOGL MARA RIVN
... MoreAnalyst shares 5 thoughts post Tesla earnings and analyst call
January 25, 2024 9:00 AM ESTMorgan Stanley analysts led by Adam Jonas voiced their thoughts in the wake of Teslas (NASDAQ: TSLA) latest quarterly report, though the banks rating and price target on the stock remained unchanged.
The analyst shared his 5 key thoughts after analyzing Teslas earnings report and attending the analyst call.
Almost no guidance: Jonas and his team expressed concern and skepticism regarding Tesla's latest earnings results, primarily regarding the lack of guidance and transparency in the company's outlook. While the tone on the call wasnt overly cautious, I... MoreMusk 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
Tesla (TSLA) PT Lowered to $180 at TD Cowen
January 25, 2024 8:17 AM ESTTD Cowen analyst Jeffrey Osborne lowered the price target on Tesla (NASDAQ: TSLA) to $180.00 (from $200.00) while maintaining a Market Perform rating.... More
Midday movers: Tesla and Humana shares slump, IBM surges
January 25, 2024 8:03 AM EST(Updated - January 25, 2024 11:31 AM EST)
Investing.com -- Main U.S. indexes rose Thursday as investors digested a deluge of quarterly corporate earnings reports, while data showed the U.S. economy grew faster than economists had expected in the fourth quarter.
Here are some of the biggest U.S. stock movers today:
Tesla (NASDAQ: TSLA) stock fell 10% after CEO Elon Musk warned that the electric vehicle giant expects to see "notably lower" sales growth in 2024 versus the prior year, citing intensifying competition and stalling demand from cost-conscious... More
Tesla (TSLA) PT Lowered to $193 at Truist Securities
January 25, 2024 7:55 AM ESTTruist Securities analyst William Stein lowered the price target on Tesla (NASDAQ: TSLA) to $193.00 (from $227.00) while maintaining a Hold rating.... More
Tesla (TSLA) PT Lowered to $234 at Canaccord Genuity
January 25, 2024 7:15 AM ESTCanaccord Genuity analyst George Gianarikas lowered the price target on Tesla (NASDAQ: TSLA) to $234.00 (from $267.00) while maintaining a Buy rating.... More
Tesla (TSLA) PT Lowered to $315 at Wedbush
January 25, 2024 6:59 AM ESTWedbush analyst Daniel Ives lowered the price target on Tesla (NASDAQ: TSLA) to $315.00 (from $350.00) while maintaining a Outperform rating.... More
Tesla erases $80 billion in valuation after Musk's sales warning
January 25, 2024 6:32 AM ESTBy Aditya Soni
(Reuters) -Tesla tumbled over 12% on Thursday after CEO Elon Musk warned sales growth would slow this year despite price cuts that have already hurt margins at the world's most valuable automaker and fueled investor concerns about soft demand and Chinese competition.
Musk said on Wednesday that growth would be "notably lower" as Tesla focuses on a cheaper, next-generation electric vehicle to be made at its Texas factory in the second half of 2025, which is expected to spark the next boom in deliveries.
But he said ramping up production of the new model would... More
U.S. GDP ahead, Tesla warns of "lower" sales growth - what's moving markets
January 25, 2024 5:43 AM ESTInvesting.com --Â U.S. stock futures are muted, with traders looking ahead to crucial economic figures and gauging a stream of company earnings. Tesla (NASDAQ: TSLA) warns that sales growth will be "notably lower" this year, while Chief Executive Elon Musk details plans to roll out a new, cheaper model in 2025. Elsewhere, Boeing (NYSE: BA) shares dip premarket after the U.S. aviation regulator bans the planemaker from expanding production of its best-selling MAX family of jets.
1. Futures subdued with data, earnings in... More
Tesla (TSLA) option IV elevated into share price lower before the bell
January 25, 2024 5:37 AM ESTTesla (NASDAQ: TSLA) January weekly call option implied volatility is at 127, February is at 57; compared to its 52-week range of 42 to 74 into share price lower in before the bell.
... MoreStocks expected to have increasing option volume: TSLA BA SPR F NOW IBM PARA CSX LRCX
January 25, 2024 5:28 AM ESTStocks expected to have increasing option volume: TSLA BA SPR F NOW IBM PARA CSX LRCX
... MoreChinese EV stocks slide as Tesla Q4 results highlight demand fears
January 25, 2024 4:55 AM ESTInvesting.com-- Shares of major Chinese electric vehicle makers fell sharply on Thursday as weaker-than-expected fourth-quarter earnings from Tesla Inc (NASDAQ: TSLA) ramped up concerns over a slowdown in global demand.
A warning from Tesla CEO Elon Musk- that Chinese EV makers would demolish their foreign rivals without trade barriers, also fed into fears of eventual export restrictions on the sector.
Hong Kong shares of Chinese EV makers NIO Inc (HK:9866), Li Auto... More
Gold prices skittish before GDP data; copper upbeat on China stimulus
January 25, 2024 4:54 AM ESTInvesting.com-- Gold prices nursed steep losses on Thursday as anticipation of a barrage of U.S. economic and interest rate cues kept traders averse to the yellow metal, while copper sat on strong gains this week following more stimulus measures from China.
Bullion prices had fallen 0.7% on Wednesday, largely disregarding some weakness in the dollar as anticipation of key U.S. gross domestic product (GDP) and inflation data brewed more uncertainty over interest rates.
The yellow metal was battered by increasing bets that the Federal Reserve will cut interest rates... More
Tesla (TSLA) PT Lowered to $224 at Citi, 'we remain on the sidelines looking for a more convincing entry point post this pullback'
January 25, 2024 4:25 AM ESTCiti analyst Itay Michaeli lowered the price target on Tesla (NASDAQ: TSLA) to $224.00 (from $255.00) while maintaining a Neutral rating.
The analyst comments "The encouraging Q4 auto gross margin outcome will (at least initially) be overshadowed by the lack of 2024 delivery guidance, a... More
Tesla (TSLA) PT Lowered to $200 at Wells Fargo
January 25, 2024 4:24 AM ESTWells Fargo analyst Colin Langan lowered the price target on Tesla (NASDAQ: TSLA) to $200.00 (from $223.00) while maintaining a Equal Weight rating.... More
Tesla (TSLA) PT Lowered to $225 at UBS
January 25, 2024 4:24 AM ESTUBS analyst Joseph Spak lowered the price target on Tesla (NASDAQ: TSLA) to $225.00 (from $229.00) while maintaining a Neutral rating.... More
Tesla (TSLA) PT Lowered to $270 at Mizuho Securities
January 25, 2024 4:23 AM ESTMizuho Securities analyst Vijay Rakesh lowered the price target on Tesla (NASDAQ: TSLA) to $270.00 (from $310.00) while maintaining a Buy rating.... More
Tesla (TSLA) PT Lowered to $297 at RBC Capital, ' the key to the Tesla investment story is FSD/robotax'
January 25, 2024 4:23 AM EST(Updated - January 25, 2024 4:32 AM EST)
RBC Capital analyst Tom Narayan lowered the price target on Tesla (NASDAQ: TSLA) to $297.00 (from $300.00) while maintaining a Outperform rating.
The analyst comments "We expected more specific delivery guidance, consistent with years past. Consensus (and RBC) was expecting a 2.1M delivery guide for 2024, effectively growing by 16% y/y. This would come after deliveries grew by ~40% in 2023. So in essence, the guidance is technically consistent with consensus... More
Tesla (TSLA) PT Lowered to $225 at Barclays
January 25, 2024 3:45 AM ESTBarclays analyst Dan Levy lowered the price target on Tesla (NASDAQ: TSLA) to $225.00 (from $250.00) while maintaining a Equalweight rating.... More
KGI Securities Downgrades Tesla (TSLA) to Neutral, 'Technological edge unchanged; earnings tamed in 2024F'
January 25, 2024 3:16 AM EST(Updated - January 25, 2024 5:36 AM EST)
KGI Securities analyst Jennifer Liang downgraded Tesla (NASDAQ: TSLA) from Outperform to Neutral with a price target of $213.00 (from $309.00).
The analyst comments "We trim 2024F vehicle deliveries to 2mn; 2024-25F EPS cut to US$2.36 & US$4.68. Tesla guides the volume growth rate in 2024F will be noticeably lower than the 38% growth rate achieved in 2023,... More
Tesla (TSLA) PT Lowered to $220 at Goldman Sachs
January 25, 2024 2:39 AM ESTGoldman Sachs analyst Mark Delaney lowered the price target on Tesla (NASDAQ: TSLA) to $220.00 (from $255.00) while maintaining a Neutral rating.... More
Tesla CEO Musk: Chinese EV firms will 'demolish' rivals without trade barriers
January 24, 2024 9:52 PM ESTBy Abhirup Roy
SAN FRANCISCO (Reuters) -Tesla CEO Elon Musk said on Wednesday that Chinese automakers will "demolish" global rivals without trade barriers, underscoring the heat the U.S. electric vehicle market leader faces from the likes of BYD, who are racing to expand worldwide.
Musk's comments come after Warren Buffett-backed BYD - with its cheaper models and a more varied lineup -overtook Tesla as the world's top-selling EV company last quarter, despite the U.S. automaker's deep price cuts through 2023.
Chinese car companies were the "most competitive" and "will have significant success outside of... More
Tesla (TSLA) Conference Call: Musk Calls for Dual Class Share Structure, Provides Updates on Next-Gen Vehicles, Talks FSD Licenses, Optimus Shipments
January 24, 2024 5:45 PM EST(Updated - January 24, 2024 6:02 PM EST)
(Updated - January 24, 2024 6:00 PM EST)
The comments made by Tesla's (NASDAQ: TSLA) CEO Elon Musk during the company's Q4 conference call:
Tesla is "very far along next generation product development."The company to... MoreAfter-hours movers: Tesla disappoints, IBM shines
January 24, 2024 4:59 PM ESTAfter-Hours Stock Movers:
Tesla (NASDAQ: TSLA) shares fell 3% after fourth quarter results missed consensus estimates on the top and bottom line. Tesla said its vehicle volume growth rate may be notably lower in 2024 than the growth rate achieved in 2023, as its teams work on the launch... More
Tesla shares slump premarket after EV giant warns of lower sales growth in 2024
January 24, 2024 4:12 PM EST(Updated - January 25, 2024 7:01 AM EST)
Investing.com -- Tesla (NASDAQ: TSLA) has warned that it expects to see "notably lower" sales growth in 2024 versus the prior year, as the electric vehicle giant faces intensifying competition and stalling demand from cost-conscious carbuyers.
In a presentation to shareholders, the company said it is currently "between" an initial growth wave sparked by the popularity of its Models 3 and Y, and a second that it believes will be initiated by a lower-cost, next-generation offering. Chief Executive Elon Musk told... More
Tesla warns of slowing growth before new model launch next year
January 24, 2024 4:05 PM ESTBy Hyunjoo Jin and Akash Sriram
(Reuters) -Tesla expects to start production of its next-generation electric vehicle at its Texas factory in the second half of 2025, Chief Executive Elon Musk said on Wednesday, after warning of a sharp slowdown in sales growth this year.
But Tesla shares were down 6% in after-hours trading as Musk noted that ramping up production of the new vehicle would be challenging. Musk said it would take "a tremendous amount of new revolutionary manufacturing technology" required - a sign that any boost to Tesla's declining pace of growth would take time.
His... More
Tesla (TSLA) Misses Q4 EPS by 2c, Vehicle Volume Growth Rate May be Notably Lower
January 24, 2024 4:04 PM EST(Updated - January 24, 2024 4:05 PM EST)
Tesla (NASDAQ: TSLA) reported Q4 EPS of $0.71, $0.02 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $25.17 billion versus the consensus estimate of $25.61 billion.
Outlook:
Our company... MoreTesla (TSLA) call put ratio 1.1 calls to 1 put into quarter results and outlook
January 24, 2024 3:34 PM ESTTesla (NASDAQ: TSLA) January weekly call option implied volatility is at 125, February is at 55; compared to its 52-week range of 42 to 74 into the expected release of quarter results today after the bell.
... 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) January weekly option implied volatility elevated into quarter results
January 24, 2024 12:23 PM ESTTesla (NASDAQ: TSLA) January weekly call option implied volatility is at 116, February is at 55; compared to its 52-week range of 42 to 74 into the expected release of quarter results today after the bell.
... MoreTesla (TSLA) call put ratio 1.4 calls to 1 put into quarter results and outlook
January 24, 2024 10:16 AM ESTTesla (NASDAQ: TSLA) January weekly call option implied volatility is at 115, February is at 55; compared to its 52-week range of 42 to 74 into the expected release of quarter results today after the bell.
... MoreActive options: TSLA BABA NVDA AMZN SAVE NIO T META SNOW
January 24, 2024 9:52 AM ESTActive options: TSLA BABA NVDA AMZN SAVE NIO T META SNOW
... MoreTesla (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
Midday movers: Netflix gains, ASML spurs rally in chip stocks
January 24, 2024 8:09 AM EST(Updated - January 24, 2024 11:37 AM EST)
Investing.com -- Main U.S. indexes rose Wednesday, boosted by generally positive corporate results as the quarterly earnings season kicks into top gear. Netflix led mega-cap tech stocks higher and results from ASML lifted semiconductor names.
Here are some of the biggest U.S. stock movers today:
Netflix (NASDAQ: NFLX) stock rose 12% after the streaming giant reported the addition of far more paying subscribers in the fourth quarter than expected, helped by a slate of popular programming.
AT&T (NYSE:... More
Tesla to Release New EV Model in Mid-2025 - Reuters
January 24, 2024 7:00 AM EST(Updated - January 24, 2024 7:05 AM EST)
Tesla to Build New Electric Vehicles in Mid-2025 - Reuters
Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed "Redwood" in mid-2025.The model is described as "a compact... MoreTesla (TSLA) January weekly 210 straddle priced into quarter results
January 24, 2024 5:32 AM ESTTesla (NASDAQ: TSLA) January weekly 210 straddle priced for a move of 7.5% into the expected release of quarter results today after the bell.
... MoreTesla to report, Netflix's strong subscriber sign-ups - what's moving markets
January 24, 2024 5:28 AM ESTInvesting.com -- U.S. futures edge up on Wednesday, pointing to ongoing momentum in a recent rally in equities. Tesla's (NASDAQ: TSLA) plans for a next-generation vehicle will be in the spotlight when the electric carmaker reports its latest results after the bell, while Netflix's (NASDAQ: NFLX) shares pop premarket after the streaming giant posts better-than-anticipated fourth-quarter subscriber sign-ups. Elsewhere, Donald Trump notches a key win in the New Hampshire Republican primary, putting him well on the way to securing the GOP's nod for... More
Active options: TSLA BABA AMD NVDA AAPL SAVE NIO AMZN T
January 24, 2024 4:51 AM ESTActive options: TSLA BABA AMD NVDA AAPL SAVE NIO AMZN T
... MoreRedburn Starts Tesla (TSLA) at Sell
January 24, 2024 3:00 AM ESTRedburn analyst Adrian Yanoshik initiates coverage on Tesla (NASDAQ: TSLA) with a Sell rating and a price target of $170.00.
For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.
Shares of Tesla closed at $209.14 yesterday.
... MoreExclusive-Tesla plans to start building next-generation vehicles in mid-2025, sources say
January 24, 2024 12:03 AM ESTBy Hyunjoo Jin and Joseph White
SAN FRANCISCO/DETROIT (Reuters) -Tesla has told suppliers it wants to start production of a new mass market electric vehicle codenamed "Redwood" in mid-2025, according to four people familiar with the matter, with two of them describing the model as a compact crossover.
Tesla CEO Elon Musk confirmed on a post-earnings call on Wednesday that the company expects to start production of its next-generation EV at its Texas factory in the second half of 2025.
That will be followed by Mexico and another factory outside North America to be decided... More
Apple Car launch delayed to 2028 - report
January 23, 2024 3:18 PM ESTAccording to Bloomberg News, Apple (NASDAQ: AAPL) has reportedly dialed back the features for its upcoming electric vehicle (EV) and delayed the cars launch to 2028 at the earliest.
Notably, the company has apparently shifted its focus from a fully autonomous vehicle to a more modest design, aiming to introduce an EV with basic driver-assistance features, marking a significant departure from the previous goal of releasing a self-driving car with advanced capabilities by 2026.
The project, codenamed Titan and T172, has been marked by... More
Active options: TSLA BABA AMD NVDA AAPL SAVE NIO
January 23, 2024 2:27 PM ESTActive options: TSLA BABA AMD NVDA AAPL SAVE NIO
... MoreApple (AAPL) Now Plans Car For 2028 With Less Ambitious Autonomy Goals - Bloomberg
January 23, 2024 1:42 PM ESTApple (AAPL) Now Plans Car For 2028 With Less Ambitious Autonomy Goals - Bloomberg
... MoreTesla (TSLA) January weekly option implied volatility into quarter results
January 23, 2024 10:35 AM ESTTesla (NASDAQ: TSLA) January weekly call option implied volatility is at 93, February is at 53; 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) reclaims top spot as best-selling EV startup in China
January 23, 2024 10:04 AM ESTTesla (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
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
... More