US stocks pared earlier losses but closed lower on Thursday as investors mulled a new report that Biden may be open to a lower tax hike.
Tesla posted record deliveries in its Q1 earnings release, but without EV tax credit and bitcoin sales the company would have lost $181 million.
Gordon Johnson, the CEO of GLJ Research, said Tesla's 2% sequential growth was hardly "transformational" amid price cuts and increasing sales.
Tesla has temporarily halted production of the Model 3 at its Freemont factory in a move analyst Dan Ives of Wedbush called "chip shortage driven."
Tesla tumbled as much as 9% in early Tuesday trading, extending losses following a similarly sized plunge the session prior. The sell-off has dragged shares to their lowest since December and led CEO Elon Musk to relinquish his title as the world’s richest person. Tesla’s latest slump follows confusion over […]
The sell-off has seen tens of billions of dollars erased from Tesla's market cap and led Elon Musk to lose his title as the world's richest person.
Tesla climbed as much as 5% on Friday, marking an eleventh straight day of gains as the automaker’s massive rally continues further into the new year. The gains follow an 8% climb on Thursday that established CEO Elon Musk as the world’s wealthiest person and saw the company’s market cap […]
Tesla sank as much as 6% on Monday as the company made its S&P 500 debut. The automaker joined the benchmark index as its fifth-largest member at the market open on Monday. Tesla boasts a weighting of 1.69% in the S&P 500, landing between Facebook and Alphabet’s class A shares. […]
Large-cap mutual funds are on the verge of fuelling a massive rally for Tesla shares, Goldman Sachs said Thursday. The automaker is set to join the S&P 500 on December 21 as one of its 10 most valuable members. Of the 189 large-cap core funds tracked by Goldman, 157 funds […]
Strong third-quarter deliveries set Tesla up for a healthy earnings beat on Wednesday and a sales milestone before the year is out, Wedbush analysts said Friday. “Improved manufacturing efficiency and shining [Gigafactory] 3 success in China” are key drivers for the company’s near-term success, the team wrote in note. The […]
Tesla’s425% year-to-date rally places the stock at an unsustainable high, Needham analyst Rajvindra Gill said Monday. “We’ve never seen a stock rise that much that fast with such little regard for past fundamentals,” Gill added. Wall Street’s revenue and earnings estimates haven’t kept up with the stock’s meteoric rise this […]
Tesla shares slid as much as 5% on Wednesday after the automaker’s “Battery Day” event missed expectations and led some to question the company’s lofty stock price. CEO Elon Musk unveiled new manufacturing processes on Tuesday set to slash Tesla’s battery costs and allow for the production of a $US25,000 […]
Wedbush analyst Dan Ives raised his price target for Tesla shares to $US475 from $US380 on Thursday, citing stronger-than-expected deliveries in China. The new target implies a 12% gain from the automaker’s Thursday closing price of $US423.43. China is a “key market” for Tesla that could make up 40% of […]
Tesla’sSeptember 22 Battery Day event will introduce groundbreaking technologies that can boost the automaker’s profits and vehicle sales for years to come, UBS analysts said Friday. The team doubled its price target for Tesla shares to $US325 from $US160 in a note to clients while maintaining a “neutral” rating. Tesla […]
US stocks sank on Tuesday as investors sold-off tech giants and bought safe-haven assets. The tech-heavy Nasdaq composite index dropped more than 4%, extending its loss to 11% in the period since Sept. 2. Tech giants including Apple,Microsoft, and Facebook led the decline, while Treasurys and the dollar gained. Investors […]
Tesla’s traditional bond expiring in 2025 climbed to a record 104.36 cents on the dollar on Tuesday after the company announced plans to sell up to $US5 billion in stock. The sale bolsters Tesla’s balance sheet and eases debt worries as it prepares to roll out new models and expand […]
US stocks climbed slightly on Monday as investors weighed fresh capital injections from the People’s Bank of China. The central bank added 700 billion yuan ($US101 billion) to China’s financial system on Monday, signalling the adoption of a more accommodative monetary policy strategy. The S&P 500 crept back near its […]