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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
