Tesla skeptic Burry extends short to ARK Invest fund

Long-time Tesla skeptic Michael Burry, who is known as “The Big Short,” has extended his short position to Cathie Wood’s ARK Invest Innovation ETF. The fund holds over $112 billion in investments, with Tesla stock making up 10.43% of the fund. Burry is a longtime investor who previously predicted the 2007 housing crisis collapse. Burry […]

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Tesla Giga Berlin will save company from Shanghai export ‘nightmare’: Wedbush

Tesla Giga Berlin will be the electric automaker’s savior in a “logistical nightmare” that requires the company to ship cars from China to Europe, Wedbush analyst Dan Ives said in a note this morning. Earlier today, Tesla CEO Elon Musk stated that he expects Giga Berlin, the company’s first European production facility, to start assembling […]

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Tesla critic abandons bet against TSLA, with no plans to revive it

Tesla (NASDAQ:TSLA) has a lot of critics, and some of them tend to be aggressive at times. One of these is Carson Block, which The New York Times describes as a “volatile and sometimes venomous short-seller” who runs Muddy Waters Capital. Block had taken a position against Tesla in the past, but in a shareholder letter, the […]

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Tesla (TSLA) receives “Buy” rating and higher price target from Jefferies

Tesla shares (NASDAQ:TSLA) are gaining momentum on Monday following a “Buy” rating and an updated price target from Jefferies. The investment bank’s analysts noted that Tesla stock is poised for a 22% rally over the coming 12 months, especially as the EV maker continues to prove that it is a leader and an innovator in […]

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Tesla Chairwoman Denholm unloads $22M in stock as Musk’s SEC settlement comes to close

The possibility that CEO Elon Musk could reclaim the position as Chairman of the Tesla Board of Directors looms as his September 2018 settlement with the SEC comes to a close. Less than two months before Musk will become eligible to become Tesla’s Chairman once again, its current Chairwoman, Robyn Denholm, has offloaded over $22 […]

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Tesla highlights Morgan Stanley’s EV sector strengths by outselling OEM competitors

Tesla (NASDAQ: TSLA) highlights a new Morgan Stanely note that reveals a slowly developing and recovering combustion engine sector, along with growing electric vehicle numbers compared to 2020. The note, headed by analyst Adam Jonas, reflects Tesla’s strengths in a sector that is still growing but becoming more concentrated and competitive nearly every quarter as […]

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Tesla can apply for Bipartisan bill funding after opening Superchargers to other OEMs

Tesla can apply for a portion of the $7.5 billion funding that is set aside for electric vehicle chargers in the recently finalized Bipartisan Infrastructure Bill after it opens its Supercharger network to other manufacturers. Bipartisan Infrastructure Bill For a few weeks, Teslarati has been following the progress of the Bipartisan Infrastructure Bill due to its […]

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Following Milton indictment, Nikola reports earnings beat with production updates

Following the indictment of former CEO and company founder Trevor Milton, Nikola Motor Corp. (NASDAQ: NKLA) reported an earnings beat during its Q2 Earnings Call this morning. The company also gave several updates regarding the production of its Nikola Tre EV and Hydrogen Fuel Cell vehicles. Last week, former company CEO Trevor Milton was indicted […]

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Tesla’s strong August start confidently brings in reiterated support from Piper Sandler

Tesla’s (NASDAQ: TSLA) stock has experienced a positive August thus far, despite being only three days into the month. Just a week after Tesla reported positive earnings for Q2, Piper Sandler analysts Alex Potter and Winnie Dong are reiterating their support for the automaker’s stock, solidifying their belief that Tesla is primed to navigate competition […]

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Tesla soars past $700 with help from optimism after strong EV sales in China

Tesla stock (NASDAQ: TSLA) soared past the $700 threshold earlier today after strong electric vehicle sales figures in China from rival companies promoted optimism regarding Tesla’s potential July delivery figures. Fueled by a recent price reduction of the Model 3 Standard Range+ variant in July, forward-looking projections could hint toward a strong July for Tesla, […]

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