Tesla (TSLA) PT Lowered to $310 at Morgan Stanley, 'Near Term Fearful vs. Long Term Greedy'

Powell's speech, Disney's board battle, Tesla - what's moving markets

April 4, 2024 5:22 AM EDT

Investing.com -- Wall Street looks set to rebound after three losing days for the DJIA, even after Fed chief retained a cautious stance towards future rate cuts. Walt Disney has won its battle with activists for board seats, while Tesla is reportedly looking at India for a new manufacturing plant.

1. Powell retains cautious stance

Fed Chair Jerome Powell retained a cautious stance towards future rate cuts in a speech... More

Powell's speech, Disney's board battle, Tesla - what's moving markets

April 4, 2024 5:22 AM EDT

Investing.com -- Wall Street looks set to rebound after three losing days for the DJIA, even after Fed chief retained a cautious stance towards future rate cuts. Walt Disney has won its battle with activists for board seats, while Tesla is reportedly looking at India for a new manufacturing plant.

1. Powell retains cautious stance

Fed Chair Jerome Powell retained a cautious stance towards future rate cuts in a speech... More

Musk says he's raising pay for Tesla AI engineers amid a talent war

April 4, 2024 3:52 AM EDT

Tesla co-founder and CEO Elon Musk said the company has been increasing the compensation packages for its artificial intelligence (AI) engineering team, aiming to counter aggressive recruitment tactics by rivals.

"Tesla is increasing comp (contingent on progress milestones) of our AI engineering team, the billionaire said in a... More

Tesla (TSLA) PT Lowered to $115 at JPMorgan, 'We are slashing our estimates and price target'

April 3, 2024 4:21 PM EDT

JPMorgan analyst Ryan Brinkman lowered the price target on Tesla (NASDAQ: TSLA) to $115.00 (from $130.00) while maintaining a Underweight rating.

The analyst comments "

We are slashing our estimates and price target for Tesla shares after updating for 1Q24 deliveries which yesterday tracked materially softer than JPM and consensus expectations and which we estimate could spell trouble for investor confidence in the companys long-term growth outlook that is so critical to sustaining the stocks rarified valuation multiple. In fact, Tesla vehicle sales appear to have missed analyst estimates by the... More

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April 3, 2024 9:53 AM EDT

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Midday movers: Intel, Ulta Beauty fall; Spotify rises

April 3, 2024 8:54 AM EDT

(Updated - April 3, 2024 11:08 AM EDT)

Investing.com -- Main U.S. indexes gained Wednesday after data on the services sector indicated some softening, improving the outlook for potential Fed rate cuts.

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

Intel (NASDAQ: INTC) stock slid over 7% after it disclosed $7 billion in operating losses for its foundry business through 2023, as it lost out more business to its Asian rivals.

Tesla... More

Tesla to explore potential locations for a new EV plant in India - report

April 3, 2024 8:43 AM EDT

Tesla (NASDAQ: TSLA) is planning to explore potential locations in India for a new electric vehicle (EV) manufacturing plant with an investment ranging from $2 billion to $3 billion, as reported by the Financial Times on Wednesday.

TSLA shares fell 1.2% in premarket trading Wednesday.

This decision is seen as part of Tesla's... More

Tesla to scout sites in India for $2 billion-$3 billion EV factory, FT reports

April 3, 2024 8:11 AM EDT

(Reuters) -Tesla will send a team from the United States to India by late-April to study sites for a proposed $2 billion to $3 billion electric car plant, the Financial Times reported on Wednesday, citing people familiar with the matter.

The company's reported push into India comes at a time when EV demand is slowing in its main markets of the U.S. and China while competition there is heating up. That caused Tesla... More

Tesla (TSLA) PT Lowered to $176 at Truist Securities, 'pricing & demand dynamics diminish the value of the automotive business'

April 3, 2024 7:07 AM EDT

(Updated - April 3, 2024 7:08 AM EDT)

Truist Securities analyst William Stein lowered the price target on Tesla (NASDAQ: TSLA) to $176.00 (from $193.00) while maintaining a Hold rating.

The analyst commented: 'Not necessarily the clearing event. On 4/2/2024 TSLA reported 1Q24 deliveries 15.4% below FactSet... More

Tesla (TSLA) maintained Bearish Fresh Pick at Baird, target cut on deliveries miss

April 3, 2024 6:37 AM EDT

(Updated - April 3, 2024 6:54 AM EDT)

Baird analyst Ben Kallo lowered the price target on Tesla (NASDAQ: TSLA) to $280.00 (from $300.00) while maintaining a Outperform rating and keeping the stock on Bearish Fresh Pick list.

The analyst commented: 'Maintaining Bearish Fresh Pick following... More

Tesla (TSLA) PT Lowered to $189 at Deutsche Bank, 'worries over volume and earnings could continue to dampen investor sentiment'

April 3, 2024 6:11 AM EDT

Deutsche Bank analyst Emmanuel Rosner lowered the price target on Tesla (NASDAQ: TSLA) to $189.00 (from $200.00) while maintaining a Buy rating.

The analyst comments "As we previewed, we think worries over volume and earnings could continue to dampen investor sentiment and put... More

Tesla deliveries, Taiwan earthquake, Intel loss - what's moving markets

April 3, 2024 6:08 AM EDT

Investing.com -- Tesla faces turbulent times ahead after weak first-quarter numbers, Intel has disclosed a large loss at its chip-making unit, while Taiwan's massive earthquake could hit TSMC's chip production. Wall Street looks set to open slightly lower, consolidating ahead of the latest speech by Fed Chair Jerome Powell.

1. Tesla faces tough times ahead

Tesla (NASDAQ: TSLA) released a weak first-quarter vehicle production and deliveries report on Monday, prompting a sharp selloff, and more of the same is likely going forward.

... More

Tesla deliveries, Taiwan earthquake, Intel loss - what's moving markets

April 3, 2024 6:08 AM EDT

Investing.com -- Tesla faces turbulent times ahead after weak first-quarter numbers, Intel has disclosed a large loss at its chip-making unit, while Taiwan's massive earthquake could hit TSMC's chip production. Wall Street looks set to open slightly lower, consolidating ahead of the latest speech by Fed Chair Jerome Powell.

1. Tesla faces tough times ahead

Tesla (NASDAQ: TSLA) released a weak first-quarter vehicle production and deliveries report on Monday, prompting a sharp selloff, and more of the same is likely going forward.

... More

Wells Fargo Downgrades Wolfspeed (WOLF) to Equal Weight citing 'The pure exposure WOLF has to the SiC mkt'

April 3, 2024 5:12 AM EDT

(Updated - April 3, 2024 6:32 AM EDT)

Wells Fargo analyst Gary Mobley downgraded Wolfspeed (NYSE: WOLF) from Overweight to Equal Weight with a price target of $30.00 (from $55.00).

The analyst comments "We remain long-term bulls on the market prospects for SiC in xEV applications. We highlight... More

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April 3, 2024 4:59 AM EDT

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Tesla (TSLA) PT Lowered to $138 at HSBC, 'cheaper cars are not necessarily driving higher volume'

April 2, 2024 11:06 PM EDT

HSBC analyst Michael Tyndall lowered the price target on Tesla (NASDAQ: TSLA) to $138.00 (from $143.00) while maintaining a Reduce rating.

The analyst comments "Timing of delivery of pre-revenue opportunities is uncertain: Aside from slowing EV volume growth, our key concern relates to the uncertainty of timing and commercialisation for Tesla's various ideas (Dojo, FSD, Optimus etc.) from which it... More

Active options: TSLA NVDA AAPL AMD PLTR NKLA META AMZN GOOGL

April 2, 2024 3:44 PM EDT

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Tesla (TSLA) PT Lowered to $160 at TD Cowen

April 2, 2024 2:00 PM EDT

(Updated - April 2, 2024 2:02 PM EDT)

TD Cowen analyst Jeffrey Osborne lowered the price target on Tesla (NASDAQ: TSLA) to $160.00 (from $180.00) while maintaining a Hold rating, following the company's Q1 delivery report.

The analyst commented: '1Q24 deliveries of 386.8k were 12.7% below... More

Goldman Sachs Reviews Tesla (TSLA) Deliveries Update: 'We believe key debates will now shift to...'

April 2, 2024 11:20 AM EDT

Goldman Sachs analyst Mark Delaney reiterated a Neutral rating and $190.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "While we had lowered our 1Q forecast in mid March to 435K from 475K based on weak monthly datapoints, deliveries were still well below our reduced estimate. Although some of the weakness in 1Q should be temporary and due to production issues, we now believe 2024 deliveries are likely to be lower than the 1.98 mn (+9.5% yoy) we had been forecasting as the delivery report implies a higher degree of market and competitive pressure than... More

Tesla (TSLA) call put ratio 1 calls to 1 put as share price down 5.9% as share price down 5.9%

April 2, 2024 11:19 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 58; compared to its 52-week range of 40 to 66. Call put ratio 1 calls to 1 put as share price down 5.9% as share price down 5.9%.

... More

RBC Capital Issues Negative Sentiment on Tesla (TSLA) Post Below Consensus Estimate Q1 Deliveries Report

April 2, 2024 10:16 AM EDT

RBC Capital analyst Tom Narayan reiterated an Outperform rating and $290.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Sentiment: Negative. What do we think? Obviously a much softer than expected result for Q1. We think Buyside was calling for ~400-420k, so even in that context, the result is a miss. The release calls out the ''early phase of the production ramp of the updated Model 3 and factory shutdowns resulting from shipping diversions caused by the Red Sea conflict... More

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April 2, 2024 10:11 AM EDT

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Oppenheimer Reiterates Perform Rating on Tesla (TSLA), 'expecting shares to be weak into April 23 earnings'

April 2, 2024 9:45 AM EDT

Oppenheimer analyst Colin Rusch reiterated a Perform rating and {REMOVEPT} price target on Tesla (NASDAQ: TSLA), following the company's Q1 deliveries report.

The analyst commented: 'With TSLA deliveries disappointing even the most bearish expectations, we believe sustainable GM levels will be the key concerns for investors as the company transitions toward increased... More

Wedbush's Dan Ives on Q1 Deliveries Tesla (TSLA): 'Could Be Turning Point in Story If Musk Does Not Reverse Trend'

April 2, 2024 9:42 AM EDT

Wedbush analyst Daniel Ives reiterated an Outperform rating and $300.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "Disaster 1Q; Could Be Turning Point in Story If Musk Does Not Reverse Trend. Tesla announced its 1Q deliveries this morning which negatively shocked the Street coming in at 386.8k vehicles vs. Street's expectations of ~443k with whisper expectations in the 415k range. Model 3/Y deliveries were 369.7k in the quarter as the company claims volume declines were partially due to early phases of the production ramp of the updated Model 3 and factory shutdowns from... More

Tesla stock sinks 7% as Q1 deliveries miss analyst targets by a wide margin

April 2, 2024 9:24 AM EDT

Tesla (NASDAQ: TSLA) reported its first-quarter delivery numbers, falling short of the expectations set by analysts. Tesla stock fell more than 7% on the news. 

The electric vehicle giant delivered 386,810 vehicles against the estimated 449,080, according to Bloomberg consensus. 

... More

Tesla (TSLA) sinks 6% as Q1 deliveries miss

April 2, 2024 9:10 AM EDT

Tesla (NASDAQ: TSLA) sinks 6% as Q1 deliveries miss

Tesla produced over 433,000 vehicles and delivered approximately 387,000 vehicles. The delivery consensus was 449,080.... More

Tesla (TSLA) option implied volatility into Q1 delivers of approximately 387,000 vehicles

April 2, 2024 9:10 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 59; compared to its 52-week range of 40 to 66 into Q1 delivers of approximately 387,000 vehicles.

... More

Tesla (TSLA) Produced 433K Vehicles in Q1, Delivered 387K Vehicles

April 2, 2024 9:05 AM EDT

(Updated - April 2, 2024 9:06 AM EDT)

Tesla (NASDAQ: TSLA):

In the first quarter, we produced over 433,000 vehicles and delivered approximately 387,000 vehicles. We deployed 4,053 MWh of energy storage products in Q1, the highest quarterly deployment yet.

Decline in volumes was partially due to the early phase of the production ramp of the updated Model 3 at our Fremont factory and factory shutdowns resulting from shipping diversions caused by the Red Sea conflict and an arson attack at Gigafactory... More

Tesla (TSLA) Q1 Deliveries 386,810, Below 449,080 Estimate

April 2, 2024 9:04 AM EDT

Tesla (NASDAQ: TSLA) Q1 Deliveries 386,810, Below 449,080 Estimate

... More

March deliveries of Tesla's China-made vehicles climbed 0.2% year-over-year

April 2, 2024 7:01 AM EDT

In March, Tesla (NASDAQ: TSLA) saw a slight increase in its sales of China-made electric vehicles, with a total of 89,064 units sold, marking a 0.2% rise from the previous year, according to data from the China Passenger Car Association (CPCA).

Compared to... More

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April 2, 2024 5:33 AM EDT

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