Tesla Investor Day pushes price target higher for one firm

Tesla Investor Day is just over a week away, and the automaker’s potential developments have already influenced one firm to push its price target higher. Deutsche Bank’s Emmanuel Rosner increased his price target on Tesla stock (NASDAQ: TSLA) to $250, up from $220, based on Investor Day’s already-known details, especially the automaker’s reveal of the […]

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Tesla’s potential acquisition of Sigma Lithium sends stock upward

Following news that Tesla (NASDAQ: TSLA) is reportedly considering acquiring Brazillian lithium mining company Sigma Lithium (NASDAQ: SGML), Sigma’s stock price has skyrocketed. Tesla and its CEO Elon Musk have made it no secret that lithium extraction and refining are vital parts of their business and may require the automaker to vertically integrate its source […]

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Tesla short-sellers take $7.2 billion blow as TSLA surges 69%

Bears shorting ten of the most-shorted stocks this year have suffered a combined $17 billion in mark-to-market losses through Thursday, as per data analytics firm S3 Partners. Tesla, which has seen a 69% surge since the beginning of 2023, dealt the largest blow to its short-sellers, with traders betting against the company seeing losses totaling […]

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Elon Musk explains what Tesla really refers to as “investors” on Investor Day

From its name, Tesla’s Investor Day event seems like a dedicated occasion for the company’s shareholders. But in a recent post on Twitter, Elon Musk explained what Tesla really means when it says “investors,” especially in the context of the upcoming event. As noted by Musk in his post, Investor Day will be relevant to […]

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Tesla Investor Day is key to further stock growth, Morgan Stanley says

Tesla Investor Day on March 1 will be a key factor in furthering the company’s stock growth, Morgan Stanley said in a new note to investors. While Tesla stock (NASDAQ: TSLA) continues to rebound after a sluggish 2022, Morgan Stanley is undoubtedly impressed with the automaker’s recovery in 2023. However, the firm, led by analyst […]

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Tesla shares (TSLA) poised to hit double its lows in January

After its severe beatdown in 2022, Tesla stock (NASDAQ:TSLA) seems intent on coming back with a vengeance. Considering TSLA’s behavior on Thursday’s premarket, the electric vehicle maker seems poised to double the price of its January 2023 lows.  On Thursday’s premarket, Tesla shares rose by as much as 4.1% to $209.50 per share. This represents […]

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Tesla finally defaults to purchase price in US vehicle order pages

It took a long time, but Tesla has finally updated its vehicle order pages in United States to no longer default to prices that highlight “potential savings.” With the recent update, Tesla’s electric cars now default to their actual purchase price.  Tesla’s US order pages have attracted some flak over the years due to the […]

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Tesla price target raised by Wedbush with tax credit and China taking focus

Tesla (NASDAQ: TSLA) had its price target at Wedbush raised to $225 from $200 on Monday morning, as analysts Dan Ives and John Katsingris believe new developments out of China, as well as the revised U.S. tax credit program that qualifies the Model Y’s entire lineup for the full amount, have resulted in “clear demand […]

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Tesla stock climbs on tax credit inclusion, continuing stratospheric rise in 2023

Tesla stock (NASDAQ: TSLA) continued to climb on Friday following news that Model Y vehicles would completely qualify for electric vehicle tax credits. The stock has risen over 77 percent so far this year after a broad market downturn that widely hurt the tech and automotive sectors in 2022. Tesla stock is up around 1 […]

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Tesla no longer states ‘long-term’ belief in crypto, details $200M Bitcoin loss

Tesla may be backtracking on its belief in the long-term benefits of investing in Bitcoin after losing over $200 million on the investment last year. The language that has appeared in past 10-K documents filed by the automaker that seems to show a bullish attitude toward investing in cryptocurrencies is no longer there. Early in […]

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