Deutsche Bank firmly maintained its $900 price target on Tesla and gave TSLA stock an investment-grade BUY rating. The investment bank adjusted its Q2 earnings and revenue estimates for Tesla, although its gross margin for the company remains at 23.5% or 26.5%, excluding regulatory credits. Deutsche Bank lowered Tesla’s earnings estimate to $0.97 per share […]
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RBC Capital Markets has issued a quick update on its estimates for Tesla’s (NASDAQ:TSLA) second-quarter results. According to the firm, Tesla would likely deliver 195k vehicles this Q2, which is impressive but lower than the Street’s current consensus. RBC also highlighted the growing importance of China to Tesla’s numbers, as well as some factors that […]
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Tesla battery partner Panasonic has sold its entire stake in American electric car maker Tesla for about 400 billion yen ($3.6 billion). As per a filing submitted on Friday, Panasonic effectively offloaded all its TSLA stock by the end of March 2021. As of March last year, the Japanese conglomerate held about $730 million worth […]
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Recently, Morgan Stanley (MS) released a note on Tesla’s future capacity expansion. The note discussed key drivers that would push Tesla’s growth further in terms of model/segment and factory footprint. Each driver is discussed below. Produce in markets where they want to sell & diversify outside China “Cars don’t ship like iPhones, and there are […]
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Tesla (NASDAQ: TSLA) stock is just one of eight companies poised for a rally over the next twelve months, according to analysts who see major upside for some of 2021’s slowest movers. Tesla, along with Penn National Gaming, Etsy, Mosaic, Mohawk Industries, Under Armour, Enphase Energy, and Freeport-McMoRan, is one of the stocks that has […]
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Tesla is expected to control 10% of the global automotive market in the coming years, analysts from Tokyo-based Mizuho Bank said in a recent note to investors. Tesla’s disruption of the global automotive market through its high-tech and affordable electric vehicles could ultimately lead to the company producing 1-out-of-10 cars on the road in the […]
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Tesla shares (NASDAQ:TSLA) have received a price target update from Cannacord Genuity, which published a note following the release of the Model S Plaid. While the investment bank and financial services firm maintained its “Buy” rating for Tesla, it did reduce its price target for the company over apparent delays with the production of 4680 […]
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Tesla’s Elon Musk responded to claims that he doesn’t pay income taxes, along with several other wealthy CEOs, in a report from ProPublica earlier this week. The report, which showed the wealth increases of several of the world’s richest people, including Musk, Jeff Bezos, Warren Buffett, and Michael Bloomberg, along with their tax rates, claimed that […]
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Tesla CEO Elon Musk tweeted several memes yesterday that seemed to indicate that the electric car company may have ended its relationship with the controversial cryptocurrency Bitcoin. Still, the CEO’s cryptic crypto tweets don’t outweigh past statements made by Musk in the past several weeks, including one that indicated Tesla wouldn’t let go of its […]
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Tesla’s (NASDAQ: TSLA) seniority in the electric vehicle sector is proving to provide plenty of difficulty for the long-standing legends of the automotive industry. Ford’s (NYSE: F) recent unveiling of the all-electric version of the best-selling pickup truck in America with the F-150 Lightning was a step in the right direction for the Michigan-based car […]
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