Tesla (NASDAQ: TSLA) stock has seem a 19% resurgence over the past week, and analysts at New York City-based investment firm Oppenheimer Holdings beloeve that the electric carmaker is ones for a bullish once again. In a note to investors, analyst Ari Wald noted TSLA as a “Triple Play.” A “triple play” is when a stock […]
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Tesla (NASDAQ: TSLA) recently received a “Buy” rating from Jefferies. Analyst Philippe Houchois noted that the upgraded rating was due to a predicted revenue growth for 2020, along with increased potential earnings and free cash flow. Jefferies previously rated the stock at “Hold.” Houchois stated that Tesla’s productivity, stable average selling prices, and income from […]
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Tesla (NASDAQ: TSLA) is preparing to release its delivery numbers for the first quarter of 2020 later this week. Analysts listed by FactSet have solidified their estimates as to how many electric vehicles the company has delivered during the first three months of the year. Rob Maurer of the Tesla Daily Podcast described the numerous […]
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New York City Mayor Bill de Blasio extended words of gratitude toward CEO Elon Musk on Friday, in response to Tesla’s commitment to donate ventilators to New York, which has become the epicenter of coronavirus cases in the US. “You’re most welcome. Credit to the Tesla team. Will do our best to help in any […]
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Detroit veteran and automotive industry legend Sandy Munro believes Tesla will rebound from the current economic crisis due to the coronavirus pandemic quicker than any other automaker. Munro shared his ideas on why he feels Tesla will emerge more reliably than any automaker during a recent interview with E for Electric’s Alex Guberman. “Tesla, because […]
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Tesla stock (NASDAQ:TSLA) recently received an updated outlook from Piper Sandler, with analyst Alexander Potter emphasizing the electric car maker’s long-term perspective in a recent note. According to the analyst, TSLA should be bought on current “market dislocation,” particularly as the electric car maker’s overall prospects remain stable. Potter actually lowered Piper Sandler’s price target […]
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Tesla stock (NASDAQ:TSLA) has surged 40% over the past seven days. Tesla’s recovery comes amidst some updates from Wall Street about the electric car maker’s short-term and long-term prospects. In a note earlier this week, Argus Research analyst Bill Selesky cut his rating on TSLA stock from “Buy” to “Hold.” Explaining his new outlook, Selesky […]
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Tesla will begin manufacturing ventilators made by medical equipment company Medtronic in an effort to address the medical supply shortage due to the COVID-19 coronavirus outbreak. Medtronic CEO Omar Ishrak appeared on a televised episode of CNBC’s “Squawk on the Street” on the morning of March 25 to talk about his company’s ramping efforts to […]
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Tesla will temporarily suspend production at its factory in Fremont, California and Buffalo, New York beginning on March 24 in response to local “shelter in place” mandates to prevent the spread of coronavirus, said the company on Thursday. The company notes that operations at its Nevada factory, along with its other facilities including its service […]
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Tesla stock (NASDAQ:TSLA) came roaring back on Tuesday’s early morning trading, bouncing as high as $434.54 per share amid news of an upgrade from Wall Street. In a recent note, Morgan Stanley analyst Adam Jonas upgraded Tesla from “Underperform” to “Equal-Weight,” while putting a $460 per share price target for the electric car maker’s stock. […]
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