SunCar Technology Reports 29% Revenue Growth, Including 79% Increase in Auto e-Insurance Business in FY 2023
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May 1, 2024 9:30 AM EDT
Reports emerged yesterday that Baidu (NASDAQ: BIDU) and Tesla (NASDAQ: TSLA) struck a deal granting Tesla access to Baidu's mapping license for data collection on Chinas roads. This move potentially paves the way for Tesla to offer Full Self-Driving (FSD) capabilities in China, prompting a notable surge in Tesla's stock by 15%.
Following the report, Bernstein analysts looked... More
April 29, 2024 11:53 AM EDT
Elon Musk's recent visit to China sparked significant interest and optimism from analysts at Morgan Stanley, who declared "he's back" in a note to clients Monday.
While the trip was clearly aimed at securing approval for Tesla's (NASDAQ: TSLA) self-driving technology in China, the implications run deeper, said the bank.
Morgan Stanley's... More
April 29, 2024 11:00 AM EDT
RBC Capital analyst Tom Narayan reiterated an Outperform rating and $293.00 price target on Tesla (NASDAQ: TSLA)
The analyst comments "What do we think? Winning FSD in China would be significant. It would unlock a significant fleet of Tesla vehicles able to charge subscription fees. This is central to our investment thesis on... More
