China's first-quarter EV sales growth slowest in a year

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Go back to China's first-quarter EV sales growth slowest in a year

Morgan Stanley's Adam Jonas: 'Tesla and Nvidia: The Journey to AI Supremacy' (TSLA) (NVDA)

April 11, 2024 8:08 AM EDT

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $310.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "In the journey to AI supremacy, there are a number of attributes and gating factors that investors are increasingly locked in on: 1. Data. Tesla recently achieved 1bn miles traveled for its full self-driving (FSD) service. Tesla's fleet drives more miles in 5 minutes than Apple's (now cancelled) autonomous fleet had reportedly driven in a year. By 2030, we estimate Tesla's global vehicle fleet will approach 40 million units in service, driving over 400 billion miles per year. Over 1... More

BofA on Tesla (TSLA): 'We think that Tesla will face mounting profit pressure'

April 10, 2024 7:14 AM EDT

BofA on Tesla (NASDAQ: TSLA): 'We think that Tesla will face mounting profit pressure'.

The analyst comments "We think that Tesla will face mounting profit pressure from a weaker demand environment. Unless TSLA taps into new geographical markets, we see it hard... More

XPeng Inc. (XPEV) Partners with Dealership Sime Darby Motors to Bring Cars to Hong Kong

April 10, 2024 5:58 AM EDT

XPENG Motors (XPENG or the Company, NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle (Smart EV) company, today expands its footprint through a dealer partnership with Sime Darby Motors in Hong Kong.

The partnership will enable XPENG to bring its latest smart... More

Tesla (TSLA) PT Lowered to $205 at Piper Sandler

April 10, 2024 4:42 AM EDT

Piper Sandler analyst Alexander Potter lowered the price target on Tesla (NASDAQ: TSLA) to $205.00 (from $225.00) while maintaining a Overweight rating.

The analyst comments "We're writing this report for two reasons. First, we're cutting our estimates and DCF based price target, to reflect... More

Tesla (TSLA) PT Lowered to $165 at Jefferies

April 10, 2024 4:41 AM EDT

Jefferies analyst Philippe Houchois lowered the price target on Tesla (NASDAQ: TSLA) to $165.00 (from $185.00) while maintaining a Hold rating.

The analyst comments "More drama into Q1 results, with recurring questions about product priorities and leadership. We reduce FY EBIT/EPS c.30% to... More

Is Tesla Robotaxi the first step in shifting the core business? Morgan Stanley answers

April 9, 2024 10:30 PM EDT

With Tesla (NASDAQ: TSLA) CEO Elon Musk tweeting last week that the electric vehicle giant will unveil its robotaxi on August 8, Morgan Stanley analysts questioned in a note whether it could be the first step in shifting the core business.

The announcement coincided with a Reuters report that the company is delaying the launch of its highly anticipated affordable Model 2 EV. However, Musk quickly dismissed the article from... More

Canaccord Ask Tesla (TSLA) Full Self-Driving: 'we see additional price cuts as necessary for a material change in FSD penetration'

April 9, 2024 6:48 AM EDT

Canaccord Genuity analyst George Gianarikas reiterated a Buy rating and $234.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "How much would you pay for Tesla FSD? The rate of Tesla FSD penetration is critical to the company's margin trajectory, but FSD... More