Asian stocks tumble as tech rout spills over; China shares test 5-mth lows
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- Wall Street ends lower as solid jobs data fuels hawkish Fed bets
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- BofA's Hartnett says stay long commodities and gold as 'policy panic' works
- Oil ends week higher on renewed US-Iran strikes, diesel hits record
- TikTok owner ByteDance said to secure $29.6bn loan for AI push
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Truist Securities Reiterates Hold Rating on Tesla (TSLA)
July 29, 2024 6:04 AM EDTTruist Securities analyst William Stein reiterated a Hold rating and $215.00 price target on Tesla (NASDAQ: TSLA).
The analyst comments "No better, arguably worse, than last time. In TSLA's (Hold) 1Q24 earnings call, CEO Musk told investors that they needed to understand the... More
Argus Reiterates Buy Rating on Tesla (TSLA), PT $286
July 26, 2024 7:32 AM EDTArgus 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'
July 26, 2024 6:16 AM EDTMorgan 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
