Morgan Stanley Reiterates Overweight Rating on Tesla (TSLA)

Tesla stock: Canaccord cuts Q2 2024 deliveries estimate but stays above consensus

(Updated - June 6, 2024 7:22 AM EDT)

Canaccord Genuity analysts have made adjustments to their second-quarter delivery estimates on Tesla (NASDAQ: TSLA).

Maintaining its Buy rating on the stock, the investment bank reiterated its $222 price target on the EV stock.

Over the last several weeks, we have dramatically improved our global Tesla delivery tracking, Canaccord said in the note. After tirelessly scouring the web for country-level delivery data, we have gleaned some... More

Tesla (TSLA) PT maintained at Canaccord Genuity on latest deliveries estimates

(Updated - June 5, 2024 5:08 PM EDT)

Canaccord Genuity analyst George Gianarikas maintained his $222 Price Target on Tesla (NASDAQ: TSLA).

The analyst commented: "Over the last several weeks, we have dramatically improved our global Tesla delivery tracking. After tirelessly scouring the... More

Active options: TSLA NVDA AAPL AMD GME PLTR MARA AMZN CCL

Active options: TSLA NVDA AAPL AMD GME PLTR MARA AMZN CCL

Ron Baron, big Tesla (TSLA) shareholder, supports Elon Musk's $56 billion pay package - CNBC

Ron Baron, big Tesla (TSLA) shareholder, supports Elon Musk's $56 billion pay package - CNBC

What happens if Musk does not reach a 25% voting share of Tesla?

Morgan Stanley raised its concerns about the future of Tesla (NASDAQ: TSLA)'s in-house AI development if Elon Musk fails to secure a 25% voting stake in the company.

In a research note Wednesday, the investment bank cites Musk's comments during the Q4 2023... More

Tesla ordered Nvidia to divert shipped AI chips from Tesla to X, xAI - CNBC

Investing.com -- Tesla Chief Executive Elon Musk ordered Nvidia (NASDAQ: NVDA) to redirect chips intended for the electric vehicle giant to his social media company X and his artificial intelligence start-up xAI, according to CNBC.

The chips were slated to help Tesla (NASDAQ: TSLA) evolve into a stronger player in AI and robotics. However, the diversion could potentially delay Tesla's acquisition of... More

U.S. Energy Secretary Granholm: US would cede electric vehicle market to China without new tariffs

(Updated - June 4, 2024 4:57 PM EDT)

U.S. Secretary of Energy Jennifer Granholm in an interview to Reuters: US would cede electric vehicle market to China without new tariffs

Tesla likely to spend $3 billion-$4 billion on Nvidia hardware this year

(Reuters) -Tesla will likely spend between $3 billion and $4 billion on its purchases of chip company Nvidia's hardware this year, CEO Elon Musk said in a post on X on Tuesday.

Musk also said that out of the $10 billion in artificial intelligence-related capital expenditure this year, around half would... More

Elon Musk: best guess for Nvidia purchases by Tesla $3B-$4B in 2024

Elon Musk: best guess for Nvidia (NASDAQ: NVDA) purchases by Tesla (NASDAQ: TSLA) $3B-$4B in 2024

TSLA NVDA AMD AAPL GME MARA CCL PLTR AMZN AMC INTC

TSLA NVDA AMD AAPL GME MARA CCL PLTR AMZN AMC INTC

Tesla (TSLA) call put ratio 1.3 calls to 1 put

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 48; compared to its 52-week range of 40 to 66. Call put ratio 1.3 calls to 1 put.

Active options: TSLA NVDA AAPL GM AMD AMC AMZN DELL INTC PFE

Active options: TSLA NVDA AAPL GM AMD AMC AMZN DELL INTC PFE

Musk directed Nvidia to prioritize processor shipments to X, xAI over Tesla - CNBC

Elon Musk reportedly directed Nvidia (NASDAQ: NVDA) to prioritize processor shipments for X and xAI over Tesla (NASDAQ: TSLA), according to insider emails obtained by CNBC.

Internal correspondence from Nvidia senior staff suggests Musk exaggerated Teslas procurement status to shareholders. Moreover, Musk diverted a large shipment of AI processors meant for Tesla to his social media company X, formerly known as Twitter.

Tesla shares fell 0.6% at the market open Tuesday.

By... More

Tesla to stop production at German plant for five days in June

BERLIN (Reuters) - Electic vehicle maker Tesla will stop production at its German plant in Gruenheide for five days in June to improve processes in the factory outside Berlin, a spokesperson said on Tuesday.

Confirming a report by business daily Handelsblatt, the spokesperson said Tesla would pause... More

Musk asks Nvidia to ship AI chips booked for Tesla to X and xAI, CNBC reports

(Reuters) -Tesla CEO Elon Musk has told Nvidia to prioritize shipments of AI processors to his companies X and xAI over the electric-vehicle maker, CNBC reported on Tuesday.

The news signals Musk is giving precedence to artificial intelligence-related development outside Tesla and fanned concerns some shareholders have raised over his commitment to the EV firm while running a number of other companies.

The development also comes ahead of a crucial shareholder vote on his pay package at Tesla.

"Elon prioritizing X H100 GPU cluster deployment at X versus Tesla by... More

Musk Tells Nvidia To Ship Ai Chips For Tesla (TSLA) To X, Xai - CNBC

(Updated - June 4, 2024 9:05 AM EDT)

Musk Tells Nvidia To Ship Ai Chips For Tesla (TSLA) To X, Xai - CNBC

Tesla stock: Piper Sandler sees high uncertainty into the shareholder meeting

Piper Sandler analysts said they are tactically equal-weight on Tesla (NASDAQ: TSLA)'s stock leading up to the crucial shareholder meeting on June 13th.

The investment firm states, "Our recent TSLA-related conversations have not focused on modeling. This is because, in the immediate... More

Midday movers: Exxon, Gitlab fall; Old Dominion Freight, Saia rise

(Updated - June 4, 2024 11:42 AM EDT)

Investing.com -- U.S. stock futures edged lower Tuesday after data showed job openings were softer than expected in April.

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

GameStop (NYSE: GME) stock fell 2%, retreating after the video game retailer soared over 20% in the previous session on the back of stock influencer Keith Gill, who is known online as "DeepF-------Value" and "Roaring Kitty", posting... More

Piper Sandler Reiterates Overweight Rating on Tesla (TSLA)

Piper Sandler analyst Alexander Potter reiterated an Overweight rating and $205.00 price target on Tesla (NASDAQ: TSLA).

The analyst commented, "Our recent TSLA-related conversations have not focused on modeling. This is because, in the immediate term, everyone seems focused on the shareholder meeting... More

Sales of Tesla's China-made vehicles decline in May - Reuters

Investing.com -- Tesla's sales of China-made electric vehicles fell by 6.6% to 72,573 in May compared to a year ago, Reuters reported on Tuesday, citing data from the China Passenger Car Association.

Versus the prior month, deliveries of the U.S. carmaker's Model 3 and Model Y vehicles made in... More

Tesla investor, Norway's KLP, to support collective bargaining motion at EV maker's annual meeting

By Gwladys Fouche

OSLO (Reuters) - Tesla investor KLP, Norway's largest pension fund, will vote in favour of a shareholder proposal urging the U.S. electric vehicle maker to engage in wage and other labour negotiations as it continues to face industrial action in Sweden.

A strike by Tesla mechanics in Sweden, among the country's longest labour disputes, has since Oct. 27 disrupted operations, spurring the concern of Nordic institutional investors and sympathy strikes in the Nordic region.

Tesla will hold its annual general meeting on June 13.

On the agenda is a proposal by four institutional... More

Tesla's China-made EV sales extend decline in May amid output cut

BEIJING (Reuters) -Sales of Tesla's China-made electric vehicles dropped 6.6% from a year earlier to 72,573 units in May, extending a year-on-year decline for a second month, data from the China Passenger Car Association (CPCA) showed on Tuesday.

The slide came after an 18% fall in April that reversed a 0.2% gain... More