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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Tesla’s Fremont factory has reportedly reduced its operations to just one-fourth of the facility’s capacity, but this does not mean that the electric car maker will soon be teetering on the edge of ruin. This is according to a recent post from Loup Ventures Managing Partner Gene Munster, who noted that Tesla would be fine […]
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Just a day after an Alameda County spokesperson declared in a statement to the Los Angeles Times that Tesla is an “essential business” and thus allowed to remain in operation amid the C-19 outbreak, the county’s Sheriff’s Office has taken an opposing stance. In a recent update on Twitter, the Alameda County Sheriff declared that […]
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Tesla stock (NASDAQ:TSLA) has taken a significant hit in recent weeks, dropping back to sub-$500 levels as of writing. Yet despite this sharp drop, it should be noted that Tesla’s fundamentals remain unchanged. This means that beyond the pressures on the market due to the coronavirus outbreak, the electric car maker’s business is just as […]
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It took Tesla (NASDAQ: TSLA) one year to close a ~$200 billion gap in market value compared to Boeing (NYSE: BA), with the electric car maker briefly surpassing the aerospace giant on Wednesday after the latter met more issues with its beleaguered 737 Max jetliner. The most significant single-day drop for Boeing in nearly 40 […]
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Tesla’s (NASDAQ: TSLA) appointment of former Toyota Motors and Juniper Networks executive Robyn Denholm has reportedly eased the worries of some major investors. This was according to Baillie Gifford, one of Tesla’s largest shareholders and staunchest supporters. James Anderson, the head of Global Equities for asset management and investment firm Baillie Gifford, says the appointment […]
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Tesla shares (NASDAQ: TSLA) spiked on Tuesday morning amidst an optimistic “outperform” rating and a new price target from investment firm JMP Securities. Analysts at JMP stated that Tesla’s stock will be bought cheaply by investors following a recent decline that was likely related to the coronavirus outbreak. JMP’s new price target is $1,060 per […]
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Tesla’s deal with battery supplier Contemporary Amperex Technology Co Ltd (CATL) for its Made-in-China Model 3 is a strategic move that will deepen the company’s roots in the world’s largest automotive market. CATL is expected to supply a “zero cobalt” prismatic lithium iron phosphate (LFP) batteries that the carmaker would use in its Model 3 […]
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Tesla (NASDAQ: TSLA) opened above $900 per share on Wednesday morning amidst an optimistic outlook from analysts at Piper Sandler Companies. The Minneapolis, Minnesota-based investment firm raised its price target partly because of Tesla’s potential to succeed in its energy generation and battery storage business. Piper Sandler analyst Alexander Potter raised Tesla’s price target from […]
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Tesla’s (NASDAQ:TSLA) potential to serve as a battery supplier for other automotive companies has encouraged Wall Street to raise its price target for the electric car maker. In a recent note, Morgan Stanley analyst Adam Jonas updated his price target for Tesla to a bull case of $1,200 per share, a far cry from his […]
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