Tesla (TSLA) sinks as SAP moves away from EV giant

Bernstein 'struggles' to see a catalyst for Tesla (TSLA) stock

Bernstein remains Bearish on Tesla (NASDAQ: TSLA) with an Underperform rating and a 12-month price target on the electric automaker of $150.00 as analysts struggle to see a catalyst for the company.

2023 marked a period of robust yet decelerating growth for the electric vehicle (EV) market globally, with sales of battery electric vehicles (BEVs) experiencing a 35% increase from 6.3 million to 8.2 million units. This growth, however, was notably slower compared to the impressive 65% expansion witnessed in... More

Daiwa downgrades Tesla (TSLA) over increased governance concerns

Daiwa Capital Markets downgraded Tesla (NASDAQ: TSLA) to a Neutral rating (From Outperform) and cut their 12-month price target by $50.00 to $195.00 as the firm sees corporate governance concerns aggravating already tough financial conditions in 2024.

Concerns about how Tesla is governed increased after a Delaware judge's ruling questioned the independence of Tesla's Board, leading to the cancellation of CEO Elon Musk's compensation. The Wall Street Journal's... More

Active options: TSLA NVDA AAPL PLTR META AMZN AMD GOOGL

Active options: TSLA NVDA AAPL PLTR META AMZN AMD GOOGL

Global BEV sales reach a new high

Bank of America tracked electric vehicle sales for December and FY 2023 finding in December 2023 that global Battery Electric Vehicle (BEV) sales achieved a record high of 1.1 million units, marking a 19% YoY increase and pushing the penetration rate beyond 14% for the first time.

China experienced a resurgence in BEV sales, rising by 38% YoY in December and 32% in the 4Q. Meanwhile, the EU saw a 20% decline in December due to the phasing out of subsidies the previous... More

Tesla (TSLA) Hits Low, Down 5.9%

Tesla (NASDAQ: TSLA) Hits Low, Down 5.9%

Midday movers: Estee Lauder, Eli Lilly and more

(Updated - February 5, 2024 11:47 AM EST)

Investing.com -- Main U.S. indexes declined Monday as higher bond yields weighed on sentiment and investors continued to trim bets on a March rate cut from the Fed following comments from Chairman Powell and other officials.

Here are some of the biggest U.S. stock movers today:

Shares in Boeing (NYSE: BA) fell 1.6% after the embattled planemaker warned that a fresh issue in some fuselages of its 737 jets could lead to the "near-term" delivery delays.

McDonald's (NYSE:... More

The fate of the 'Magnificent 7' depends on rapid revenue growth in 2024 - Goldman Sachs

According to Goldman Sachs chief U.S. equity strategist David Kostin, the fate of the "Magnificent 7" stocks depends on their ability to deliver rapid revenue growth in 2024.

The Magnificent 7 stocks are Tesla (NASDAQ: TSLA), NVIDIA (NASDAQ: NVDA), Meta Platforms... More

Active options: TSLA META NVDA AAPL AMZN AMD GOOGL MSFT

Active options: TSLA META NVDA AAPL AMZN AMD GOOGL MSFT

Activist investors target change at Tesla (TSLA) following Elon Musk pay ruling

In a recent development, activist investors targeting Tesla's (NASDAQ: TSLA) board for allegedly failing to curb CEO Elon Musk's influence believe a recent court ruling on Musk's $56 billion stock compensation may be the catalyst they need for meaningful reforms.

The pivotal moment arrived with a Delaware judge voiding Musk's record-breaking compensation, signaling... More

U.S. regulators upgrade Tesla (TSLA) power steering probe

U.S. safety regulators have upgraded their probe into Tesla (NASDAQ: TSLA) and are looking more closely into power steering issues in the companys vehicles, taking the next step toward a potential recall.

The National Highway Traffic Safety Administration (NHTSA) announced an investigation covering around 334,000... More

Tesla (TSLA) recalls nearly 2.2M EV's in US

Electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) is recalling nearly 2.2 million EVs in the U.S. due to the size of the font on the vehicles warning lights.

According to the NHTSA release, Tesla's chosen font size for the affected vehicles fails... More

Midday movers: Meta Platforms and Amazon surge

(Updated - February 2, 2024 11:29 AM EST)

Investing.com -- Main U.S. indexes were mixed Friday as investors balanced earnings from mega-cap tech companies, including strong reports from Amazon and Meta, against positive employment data and reduced chances the Fed will begin cutting rates in March or May. The Nasdaq and S&P 500 moved higher but the Dow declined.

Here are some of the biggest U.S. stock movers today:

Meta Platforms (NASDAQ: META) stock soared 20% after the Facebook owner posted a tripling of profit from... More

US agency upgrades probe into Tesla's power steering loss into engineering analysis

SAN FRANCISCO (Reuters) - U.S. safety regulators said they have upgraded their probe into Tesla vehicles over power steering loss to an engineering analysis - a required step before they could potentially demand a recall.

The National Highway Traffic Safety Administration (NHTSA)said on Thursday that an estimated 334,569... More

CPCA: Tesla (TSLA) Sold 71,447 China-made EVs in January 2024

CPCA: Tesla (NASDAQ: TSLA) Sold 71,447 China-made EVs in January 2024

U.S. safety agency deepens probe of Tesla power steering loss

By David Shepardson and Hyunjoo Jin

WASHINGTON/SAN FRANCISCO (Reuters) -U.S. safety regulators on Friday upgraded their probe into Tesla vehicles over power steering loss to the status of an engineering analysis - a required step before the agency could demand a recall.

Tesla shares, which dropped more than 25% in January alone, fell more than 3% on Friday.

The National Highway Traffic Safety Administration (NHTSA) said the investigation covered about 334,000 Model 3 and Model Y vehicles from the 2023 model year.

The agency's upgraded probe follows a Reuters investigation that found tens of thousands of owners had experienced... More

Active options: TSLA NVDA AMD AMZN AAPL T MSFT BAC MARA

Active options: TSLA NVDA AMD AMZN AAPL T MSFT BAC MARA

Active options: TSLA MSFT GOOGL NVDA AMD AAPL PLUG QCOM

Active options: TSLA MSFT GOOGL NVDA AMD AAPL PLUG QCOM

Tesla China (TSLA) offers cash discounts on select Model Y EVs

Tesla (NASDAQ: TSLA) China moves to attract more customers by offering cash discounts and introducing cutting-edge hardware upgrades for its popular Model Y vehicles.

The company announced a cash discount of 8,000 yuan ($1,114) for specific types of Model Y vehicles, starting from Thursday,... More

Midday movers: Ferrari races higher, Qualcomm sputters, and more

(Updated - February 1, 2024 12:02 PM EST)

Investing.com -- U.S. futures rose Thursday as investors digested news from the latest Federal Reserve policy-setting meeting ahead of the release of more earnings from mega-cap tech companies.

Here are some of the biggest U.S. stock movers today:

Qualcomm (NASDAQ: QCOM) stock fell 4.1% despite the chipmaker reporting better-than-expected first-quarter results as a recovery in smartphone demand boosted handset chip sales, with investors wary of signs of weakness in the key Chinese market.

Royal Caribbean (NYSE:... More

Tesla’s (TSLA) Elon Musk seeks shareholder vote to incorporate in Texas

In a late Wednesday announcement, Tesla CEO Elon Musk revealed plans to conduct a shareholder vote to decide whether to shift its state of incorporation to Texas.

Musk conducted an informal poll on X (formerly Twitter), where over 80% of respondents favored the move. Following this, Musk expressed the... More

Powell's rate comments, tech giants to report - what's moving markets

Investing.com -- Federal Reserve Chair Jerome Powell tempers expectations that the central bank will soon begin to slash interest rates, as he seeks further evidence that inflation in the U.S. is continuing to cool. The Fed also holds borrowing costs at 23-year highs after its latest policy meeting, but ditches prior language flagging the potential of additional hikes. U.S. stocks slip after the gathering, while investors gear up for a fresh batch of earnings from tech giants, Apple (NASDAQ: AAPL), Amazon.com (NASDAQ: AMZN), and Meta... More

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Active options: AMD TSLA MSFT NVDA GOOGL AAPL

Musk seeks Tesla shareholder vote on moving incorporation to Texas

By Shubham Kalia, Maria Ponnezhath and Samrhitha A

(Reuters) -Tesla CEO Elon Musk said on Thursday the company will hold a shareholder vote to transfer its state of incorporation to Texas from Delaware, after a judge invalidated his $56 billion pay package at the electric vehicle (EV) maker.

Delaware judge Kathaleen McCormick had on Tuesday called the 2018 share-based pay package - the largest in corporate America - "an unfathomable sum" that was unfair to shareholders and found it was negotiated by directors who appeared beholden to Musk.

"Never incorporate your company in the state of Delaware,"... More