Lucid Group (NASDAQ: LCID) has gotten its first stock coverage from CFRA analyst Garrett Nelson. After Lucid Motors merged with Churchill Capital Corp. IV earlier this year spawning Lucid Group, the company has not had a Wall Street analyst set expectations for the stock, until now. Nelson set Lucid Group’s 12-month price target at $25, […]
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Lordstown Motors is strapped for cash and struggling to keep its doors open, but the Ohio-based electric car maker has a new CEO with past experience in automotive giants who might be able to settle the company’s cash flow problems. Yesterday, Lordstown Motors filed an 8-K form with the SEC that indicated it had made […]
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Rivian has filed for its Initial Public Offering (IPO) with the SEC confidentially and is seeking an initial valuation of $80 billion, according to reports. Rivian, an electric car company headed by founder and CEO RJ Scaringe, is set to deliver its first vehicles in September. Ahead of the first deliveries of the R1T, Rivian […]
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Tesla (NASDAQ: TSLA) will hold its Annual Shareholders Meeting for the fiscal year 2021 on October 7th, a filing with the SEC reveals. There are nine agenda items that the automaker and its shareholders will discuss and vote on during the meeting. The meeting will be held at Tesla’s Fremont Factory located at 45500 Fremont […]
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The recently launched Tesla Autopilot probe by the NHTSA is said to be a greater threat to the automaker’s reputation than its financial situation, according to a new note from Morgan Stanley. Headed by analyst Adam Jonas, the note outlines the potential risks that Tesla could face with the probe, which intends to investigate 11 […]
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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 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 (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 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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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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