NVIDIA stock falls as Tesla's Musk says Dojo will be competitive

HSBC has the lowest target on Tesla stock among major banks on the Street. Here's why

HSBC analysts have lowered their target price for Tesla (NASDAQ: TSLA), setting it at $118, down from $130 per share in a note this week, the lowest among major banks.

This revised target reflects a 52% downside from Tesla's current share price. The analysts retain a Reduce rating on the stock, emphasizing multiple challenges the company faces in the near term.

HSBC's note underscores "mixed messages in what... More

Argus Reiterates Buy Rating on Tesla (TSLA), PT $286

Argus analyst Bill Selesky reiterated a Buy rating and $286.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Our rating on Tesla Inc. (NGS: TSLA) is BUY. Tesla is the largest EV (electric vehicle) seller in the world today and holds a significant portion of the EV market share in the United States, with about 51% of the market as of the end of 2023. Ford Motor and General Motors are also key players in this market, with Ford having a... More

Morgan Stanley Positive on Tesla (TSLA): 'AI infrastructure assets (reported in the Q) are booming'

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

The analyst comments "Some changes in the business mix that may be getting overlooked. Mostly recurring 'Services & Other' revenue reached 10% of total Tesla sales as the car parc approaches 7mm units. China revenues fell to the lowest in years at 18.2% of sales. AI infrastructure assets (reported in the... More

Piper Sandler Comments on Tesla (TSLA) 10Q: 'We're not sure why, but warranty expense totaled 4.1% of revenue in 2Q24'

Piper Sandler analyst Alexander Potter reiterated an Overweight rating and $300.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "TSLA published its 10Q earlier than expected and, as a result, we had the opportunity to dig deeper on automotive gross margin,... More

Citi Reiterates Buy Rating on NVIDIA (NVDA)

Citi analyst Atif Malik reiterated a Buy rating and $150.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "NVIDIA announced yesterday the launch of a new NVIDIA AI Foundry service combined with NVIDIA NIM inference microservices to supercharge generative AI for... More

Tesla margins a drag but future story is China demand, robotaxi and AI: Wedbush

Wedbush analysts emphasize that despite recent margin pressures, Tesla's (NASDAQ: TSLA) future hinges on strong demand in China and the impending rollout of autonomous and AI technologies.

The firm explained that Tesla's mixed results show auto gross margins (excluding credits) missing Street expectations by 200 basis points, primarily due to continued price cuts and average selling price (ASP) pressures.

However, they see positive signs in electric vehicle (EV) demand... More

New Street Research Downgrades Tesla (TSLA) to Neutral, PT $225, 'We see limited (and unreliable) valuation upside'

New Street Research analyst Pierre Ferragu downgraded Tesla (NASDAQ: TSLA) from Buy to Neutral with a price target of $225.00.

The analyst comments "Deliveries recovered at a cost, increasing by 15% QoQ, but with gross margins, ex. credits & leasing, down 1.7pts. Volume increase and cost reductions offset... More