Tesla’s biggest bear sets Q3 delivery forecast at 223k

Tesla’s (NASDAQ: TSLA) biggest bear is, without a doubt, Gordon Johnson of GLJ Research. Johnson has been the most outspoken critic of the electric automaker for several years, holding extremely low price targets and never shying away from his very public sell rating. Earlier today, GLJ Research released its Q3 2021 delivery forecast at 223,000 […]

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Tesla (TSLA) gets upbeat estimates from Wall St amid “strongest ever” quarter

Wall Street seems to be looking at Tesla’s (NASDAQ:TSLA) third-quarter results with an optimistic eye, with analysts recently giving upbeat estimates for the company’s third-quarter deliveries on Tuesday. One analyst even noted that Q3 2021 would likely be Tesla’s best-ever quarter to date, despite the headwinds being faced by the automotive sector due to the […]

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Polestar aims for $20B valuation in planned merger with Gores Guggenheim

Swedish electric car startup Polestar is already backed by countrymate Volvo, but the automaker is now planning to merge with SPAC Gores Guggenheim to list shares on Nasdaq and raise around $1 billion to expand manufacturing lines. The listing will give Polestar a $20 billion valuation if all goes according to plan when the company […]

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Tesla investors advised to ditch Kimbal Musk, James Murdoch by ISS in Shareholder vote

Tesla investors (NASDAQ: TSLA) are advised not to re-elect Kimbal Musk or James Murdoch in the coming Annual Shareholder Meeting by proxy advisor Institutional Shareholder Services (ISS). Because Musk and Murdoch received large compensation packages from Tesla’s board, ISS believes the two non-executive board members do not present any advantages to the automaker’s general Governance. […]

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Tesla updates its plans for 2021 Annual Shareholder Meeting

Tesla (NASDAQ: TSLA) announced new updates for its plans for the 2021 Annual Shareholder Meeting. The meeting will take place on Thursday, October 7th, 2021, at 5:30 PM EST, 2:30 PM PST. Tesla has officially announced that the Annual Shareholder Meeting will move from its Fremont, California, vehicle production facility to Austin, Texas, where Tesla […]

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Tesla bull and ARK CEO Cathie Wood names her price to sell $TSLA holdings

Tesla bull and ARK Invest CEO Cathie Wood has finally revealed what price $TSLA stock would have to hit for her investment firm to unload its shares of the electric automaker’s stock. During the Morningstar Investment Conference on Wednesday, Wood began to discuss what it would take for ARK to scrap its holdings of $TSLA […]

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Lucid stock gets elevated target boost from CFRA after initial analysis

Lucid Group (NASDAQ: LCID) is already getting a boost in its price target from CFRA analyst Garrett Nelson, who released his initial opinions on the company’s stock last week. Last week, CFRA’s Garrett Nelson opened coverage on Lucid Group, making it the first firm to begin coverage on the electric automaker’s stock. After opening coverage […]

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Tesla, Xpeng and other EV shares pull back on Chinese economic woes

Shares of several electric automaker stocks, including Tesla (NASDAQ: TSLA) and Xpeng (NYSE: XPEV), pulled back on Monday morning based on some concerns related to the Chinese economy. Chinese property developer Evergrande is threatening to default on $300 billion in debts, which could affect the global economy. Many stocks were down on Monday morning, and […]

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Tesla delivery forecast set to surge 33% in 2022: Wedbush

Tesla’s (NASDAQ: TSLA) delivery forecast is set to surge by one-third in 2022 from 2021, according to a new investor note from Wedbush analyst Dan Ives. Ives, a Tesla bull, believes the company’s delivery numbers could grow by as much as 300,000 vehicles in the next year, as the company focuses on meeting the one […]

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Lucid compared to Tesla, Ferrari as Bank of America initiates coverage

Lucid Group (NASDAQ: LCID) is being compared to EV leader Tesla and legendary Italian performance vehicle company Ferrari by Bank of America, which initiated coverage on the electric car company’s stock today. Bank of America’s coverage predicts Lucid stock will jump by 50% in the coming years as the company holds high expectations from analysts. […]

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