ARK founder Cathie Wood says Tesla removal from S&P ESG is ‘ridiculous’

ARK Invest found Cathie Wood called Tesla’s removal from the S&P’s Environment, Social & Governance Index “ridiculous” after the automaker was not included on the list due to “a decline in criteria-level scores” in low-carbon strategies and its “codes of business conduct.” On Wednesday, Tesla was removed from the S&P’s ESG Index after a standard […]

The post ARK founder Cathie Wood says Tesla removal from S&P ESG is ‘ridiculous’ appeared first on TESLARATI.

Wedbush drops Tesla price target amid “epic disaster” lockdowns in Shanghai

Wedbush analyst Dan Ives opted to lower his price target for American electric vehicle maker Tesla from his previous $1,400 per share to a still-optimistic but more conservative $1,000 per share. Ives cited headwinds in China as a driver for his updated estimates. The analyst noted that the current lockdowns in Shanghai are an “epic […]

The post Wedbush drops Tesla price target amid “epic disaster” lockdowns in Shanghai appeared first on TESLARATI.

Tesla whale suggests $15 billion TSLA buyback amid dropping share prices

Tesla whale and billionaire Leo KoGuan, who is estimated to be one of the electric vehicle maker’s largest individual shareholders, has called on the company to announce a $15 billion buyback. KoGuan shared his suggestions through a tweet to Martin Viecha, Tesla’s senior director of investor relations.  In his post, KoGuan noted that Tesla should […]

The post Tesla whale suggests $15 billion TSLA buyback amid dropping share prices appeared first on TESLARATI.

Tesla’s Elon Musk sees net worth shrink by $12B amid ESG fiasco, GOP support announcement

Elon Musk recently saw over $12 billion wiped off his net worth following TSLA stock’s recent drop and the S&P Global Ratings’ decision to boot Tesla from its ESG index. Musk’s decline in net worth also comes amidst his announcement that he would no longer be voting for a Democratic candidate in the next elections.  […]

The post Tesla’s Elon Musk sees net worth shrink by $12B amid ESG fiasco, GOP support announcement appeared first on TESLARATI.

Twitter loses all of its gains from the Elon Musk saga

Twitter stock (NYSE: TWTR) has lost all of the gains it once had during the peak of the Elon Musk acquisition saga, now trading at the same levels it did before the Tesla CEO disclosed a massive 9.1 percent ownership stake in the social media company. On April 1, 2022, Twitter shares closed at $39.31, […]

The post Twitter loses all of its gains from the Elon Musk saga appeared first on TESLARATI.

Twitter deal has ‘less than 50% chance’ to go through after Tesla’s market beating: Wedbush

Elon Musk’s $44 billion acquisition of Twitter may be on its way to being terminated, according to Wedbush analysts. Following Tesla’s brutal beating in the market over the past several weeks since the deal was announced, analyst Dan Ives believes Musk’s concern for Twitter bots, which caused the CEO to announce the deal was “on […]

The post Twitter deal has ‘less than 50% chance’ to go through after Tesla’s market beating: Wedbush appeared first on TESLARATI.

Ford offloads $188.2m in additional Rivian shares

Ford Motor Co. sold $188.2 million additional shares of electric vehicle company Rivian on Friday after already selling $214 million shares earlier this week. Filings with the SEC on Friday reveal Ford sold around 7 million shares of Rivian, which has struggled to gain momentum in the electric vehicle market due to supply chain conditions […]

The post Ford offloads $188.2m in additional Rivian shares appeared first on TESLARATI.

Wedbush calls Rivian a ‘long term winner,’ but admits it needs to ‘stop the excuses’

Despite Rivian Automotive’s (NASDAQ: RIVN) weak showing in its 2022 Q1 earnings report, Wedbush analysts remain bullish on the automaker in the long term. However, the team of financial experts, led by Dan Ives, said the excuses from Rivian explaining its bottlenecks need to stop, as it has been “a case study for what NOT […]

The post Wedbush calls Rivian a ‘long term winner,’ but admits it needs to ‘stop the excuses’ appeared first on TESLARATI.

Lordstown Motors and Foxconn finalize sale of manufacturing facility

Lordstown Motors announced last night it has closed the sale of its manufacturing facility in Ohio to Foxconn after the two companies signed a contract manufacturing agreement and joint venture agreement for product development. After several years of delays and challenges that prevented the launch of its Endurance all-electric pickup truck, Lordstown announced in early […]

The post Lordstown Motors and Foxconn finalize sale of manufacturing facility appeared first on TESLARATI.

Elon Musk looks to eliminate margin loans from funding for Twitter buyout

Tesla CEO Elon Musk is looking to eliminate margin loans by raising more equity and preferred financing for his $44 billion Twitter buyout. The termination of a margin loan, which is leveraged against shares of Tesla stock that are in his name, would be less risk for both Musk and lenders. According to Bloomberg, who cited […]

The post Elon Musk looks to eliminate margin loans from funding for Twitter buyout appeared first on TESLARATI.