Tesla stock climbs on tax credit inclusion, continuing stratospheric rise in 2023

Tesla stock (NASDAQ: TSLA) continued to climb on Friday following news that Model Y vehicles would completely qualify for electric vehicle tax credits. The stock has risen over 77 percent so far this year after a broad market downturn that widely hurt the tech and automotive sectors in 2022. Tesla stock is up around 1 […]

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Rivian expected to layoff 6% of workforce following pressure from EV rivals

Rivian (NASDAQ: RIVN) is expected to layoff six percent of its workforce following pressure from EV rivals, which have cut prices significantly already in 2023, putting pressure on electric vehicle makers attempting to reach profitability. According to an internal memo seen by Reuters, Rivian is axing six percent of its employees in an effort to save […]

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Tesla price cuts in China drop competitor sales by as much as 60%

Tesla’s price cuts in China dropped sales of competing domestic electric vehicle makers Nio, Li Auto, and Xpeng by as much as 60 percent in January. Nio, Li Auto, and Xpeng all showed significant drops in both monthly and year-over-year sales comparisons in January after Tesla stroked demand by dropping prices by as much as […]

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Tesla no longer states ‘long-term’ belief in crypto, details $200M Bitcoin loss

Tesla may be backtracking on its belief in the long-term benefits of investing in Bitcoin after losing over $200 million on the investment last year. The language that has appeared in past 10-K documents filed by the automaker that seems to show a bullish attitude toward investing in cryptocurrencies is no longer there. Early in […]

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Tesla shareholder sells home to load up on stock, and it’s already paying off

Tesla shareholders are a rare breed, sometimes putting almost everything, and we mean everything, on the line in hopes of striking it big and making major waves in their own portfolios. Jason DeBolt is one of those shareholders. DeBolt, a shareholder since March 26, 2013, sold his home and bought around 10,000 shares. The additional […]

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Tesla stock rebounds 50 percent in less than one month in 2023

Tesla stock (NASDAQ: TSLA) is up 50 percent less than a month into 2023. The spike in the company’s stock price follows a sharp downturn that occurred in 2022. Last year, Tesla stock fell sharply, losing over 60 percent of its value. Due to widespread unfavorable conditions in the tech and automotive sectors, Tesla felt […]

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Tesla bull Wedbush raises price target following ‘epic’ Earnings

Tesla (NASDAQ: TSLA) bull Wedbush Securities has raised its price target on the automaker’s stock from $175 to $200 following an “epic” Earnings Call last night. “Musk and Co. delivered in epic fashion with demand that is currently 2x production coming out of the gates in 2023 and laying out a 1.8 million delivery bogey […]

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Tesla’s 1.8-million vehicle target for 2023 is a sign of a more mature automaker (Opinion)

It’s no secret that Tesla has a very big tendency to shoot for extremely ambitious targets. Elon Musk is certainly guilty of this, as he tends to announce extremely aggressive timetables and goals that eventually become delayed. But in Tesla’s Q4 and FY 2022 earnings call, the company did something different — it noted that […]

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Tesla (TSLA) Q4 and Full-Year 2022 earnings: What to expect

Tesla (NASDAQ: TSLA) will report its fourth-quarter and full-year 2022 Earnings Call this evening after markets close. Investors will be keeping a close eye on what the company reports in terms of financials and plans moving forward after a rough year on Wall Street that saw Tesla’s stock price decline by over 60 percent. Wedbush’s […]

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Tesla Q4 Earnings is ‘one of the most important’ for Elon Musk and Co.

Tesla’s (NASDAQ: TSLA) fourth-quarter earnings call is being described as “one of the most important” for CEO Elon Musk and Co. by an analyst. Wedbush’s Dan Ives describes tomorrow’s earnings as crucial, especially based on Musk’s potential comments regarding 2023 delivery targets, automotive gross margins, and overall outlook for the company moving forward. While every […]

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