Wedbush Previews Tesla (TSLA) AI Day; Reiterates Outperform

Truist Raises Price Target Following Tesla (TSLA) AI Day

Truist Securities reiterated a Buy rating on electric vehicle maker, Tesla (NASDAQ: TSLA) and raised the price target to $348.00 (From $333.33) following the companys AI day on Friday. During the event, Tesla provided updates to their Full Self-driving program (FSD), Dojo, and their progress with the humanoid AI robot, Optimus.

Tesla announced the Optimus at last years AI day with a person wearing a robot costume. This year, company brought a real robot. While a live demo was limited to showing the robot walking, waving, and dancing, a video demonstration showed... More

Internal Tesla (TSLA) Report Forecasts 4Q Output Jump and Growth Through 2023

A report by Reuters Friday, citing internal plans, shows that electric vehicle company, Tesla Inc. (NASDAQ: TSLA) plans to push global production of its top-selling Model Y and Model 3 electric vehicles sharply higher in the fourth quarter. The forecast covers the next four consecutive quarters and begins with the objective to produce almost 495,000 Model Y and Model 3s in the fourth quarter of this year.

The company then plans to build on that growth... More

General Motors (GM) Closes at $33 IPO Price; Morgan Stanley Remains Neutral

Morgan Stanley reiterated an in-line rating and $42.00 price target on General Motors (GM) after the automotive company closed at its $33 IPO Price on Thursday. GMs share price has appreciated 0% over what some analysts believe may have been one of the greatest areas of consumer credit/auto credit tailwinds in history. Over the same time,... More

Bernstein Analyst Highlights His Tesla (TSLA) Experience: 'I am not sure whether I will ever purchase another vehicle again from Tesla'

Shares of Tesla Inc. (NASDAQ: TSLA) are up 0.41% in pre-market trading Friday, ahead of the electric vehicle companys AI day and 3Q earnings release.

Senior analyst, Toni Sacconaghi of AB Bernstein wrote a note detailing his personal experience with the automaker. Sacconaghi highlights several issues with Teslas execution of delivery and customer service.

Sacconaghi wrote in the note: My family took delivery of a Tesla Long Range Model Y in September. It was our third Tesla (we leased a Model X from 2016-2019, and a Model 3 from 2019 to 2022). Our... More

UBS Updates Global Auto Model on Weak Macro Data: 'Goodbye Auto Production Recovery'

UBS Research updated its global auto model as they believe falling demand will keep 2023 production flat compared to last year.

Analyst, Patrick Hummel wrote in a note that it is overwhelmingly likely that rapidly weakening macro data have a severe negative impact on auto demand in 2023, in all... More

Deutsche Bank Bullish Ahead of Tesla’s (TSLA) AI Day and 3Q Report

Deutsche Bank reiterated a Buy rating and $400 price target on Tesla Inc. (NASDAQ: TSLA) ahead of the electric vehicle makers 3Q22 delivery and production report. Tesla is slated to report 3Q22 deliveries and production figures this weekend.

Deutsche Bank maintained their 3Q delivery estimate of t 367k units, reflecting strong recovery from Q2s prolonged Covid-related shutdown and logistical challenges in the Shanghai factory... More

Deutsche Bank Remains 'impressed' with Tesla (TSLA) Operational Execution, BUY and $400 PT

Deutsche Bank analyst Emmanuel Rosner reiterated a Buy rating and $400.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Beyond the quarter, we remain impressed with Teslas operational execution in the face of large industry supply chain challenges and note that the company is working its way to ramp up volume in lower COGS regions. The Shanghai factory has recently completed a project... More

Elon Musk: 'Cybertruck will be waterproof enough to serve briefly as a boat'

Tesla (NASDAQ: TSLA) CEO, Elon Musk posted on Twitter (NYSE: TWTR) Thursday that the companys much-anticipated Cybertruck will be waterproof enough to serve briefly as a boat, so it can cross rivers, lakes & even seas that arent too choppy.

Musk went on replying to his own tweet saying that the truck Needs be able to get from Starbase to South... More

Cybertruck will be waterproof enough to serve briefly as a boat - Tesla's (TSLA) Elon Musk

Cybertruck will be waterproof enough to serve briefly as a boat - Tesla's (NASDAQ: TSLA) Elon Musk

Cybertruck will be waterproof enough to serve briefly as a boat, so it can cross rivers, lakes & even seas that arent too choppy

Tesla (TSLA) 30-day option implied volatility at 70 as shares sell off 5.7%

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 70; compared to its 52-week range of 36 to 84 as shares sell off 5.7%.

UPDATE: GM (GM), Ford (F) Weakness Appears to be Related to CarMax (KMX) Results

(Updated - September 29, 2022 9:53 AM EDT)

GM (NYSE: GM), Ford Motor (NYSE: F) Weakness Appears to be Related to CarMax (NYSE: KMX) Results

Piper Sandler Updates 3Q Delivery Expectations; Remains Bullish on Tesla (TSLA)

Shares of Tesla, Inc. (NASDAQ: TSLA) are down 1.67% in pre-market trading, Thursday after Piper Sandler updated their 3Q delivery expectations for the company. Piper Sandler reiterated an Overweight rating on the stock but cut the price target to $340 ($360 previously).

The investment company addressed changes to their expectations in a note along with speaking on client concerns regarding Tesla's positioning in China, given mid-August pricing noise.

Piper Sandler believes that consensus... More

Tesla (TSLA) PT Lowered to $340 at Piper Sandler, 'Still OW After Updating Q3 Ests. & Scrutinizing Concerns re: China Market Share'

Piper Sandler analyst Alexander Potter lowered the price target on Tesla (NASDAQ: TSLA) to $340.00 (from $360.00) while maintaining a Overweight rating.

The analyst comments "Recently, there has been an up-tick in client questions regarding Tesla's positioning in China, given mid-August pricing noise. We've also... More

Active options: AAPL TSLA AMZN META BABA NVDA AMD NFLX

Active options: AAPL TSLA AMZN META BABA NVDA AMD NFLX

2 Insider Sells, 1 Insider Buy of Interest Today

Insider buying and selling activities are important for investors to pay attention to. While insiders sell for many reasons, including taxes, it doesnt always send the right message to investors when the top person is selling. On the opposite side, insiders buy for one reason because they feel the... More

Today's Most Important Initiations

Truist Securities assumed coverage on Tesla (NASDAQ: TSLA) with a Buy rating and a price target of $333.33.

Northland Capital Markets initiated coverage on Sunrun (NASDAQ: RUN) with an Outperform rating and a price target of $60.00, expecting the U.S.... More

Tesla adds billionaire Airbnb co-founder Gebbia to board

(Reuters) -Tesla Inc said on Wednesday that Airbnb Inc co-founder Joseph Gebbia has joined the electric vehicle maker's board, reversing a move to trim the number of directors at the world's most valuable carmaker.

Tesla said in June it planned to have just seven board seats after the departure of Oracle Inc co-founder Larry Ellison in August, sparking criticism from a shareholder body over a lack of independent board members.

In July, SOC Investment Group filed... More

Tesla (TSLA) Appoints Joseph Gebbia to Board

(Updated - September 28, 2022 4:23 PM EDT)

Tesla (NASDAQ: TSLA) disclosed:

We are pleased to welcome Joe Gebbia to Teslas Board of Directors, effective September 25, 2022.

Gebbia, a designer and entrepreneur, has spent the last 14 years of his career as co-founder of Airbnb. The service he built with his co-founders transformed the hospitality industry, allowing travelers... More

Tesla (TSLA) SVP Baglino Files to Sell $3M in Stock

Tesla (NASDAQ: TSLA) SVP/Powertrain, Drew Baglino, filed 144 paperwork to sell 10,500 shares worth an estimated $3 million.

The date of the expected sale was 09/27/22 via E*Trade.

Shares were acquired via stock option exercise.

U.S. new vehicle sales to increase on strong demand - report

(Corrects grammatical error in paragraph 8)

(Reuters) -U.S. new vehicle sales are set to rise in September as consumers spent more money on new vehicles than any previous September on record, an industry report from consultants J.D. Power-LMC Automotive showed on Wednesday.

Customers have been unaffected by higher vehicle prices and lack of incentives or discounts from automakers, who have been... More

Morgan Stanley and Citi Remain Bullish ahead of Tesla (TSLA) AI Day and 3Q Delivery Numbers

Tesla, Inc. (NASDAQ: TSLA) is down 1.96% in pre-market trading on Wednesday ahead of the companys anticipated AI day on September 30th and 3Q delivery release.

Morgan Stanley analyst, Adam Jonas believes that the companys AI day is linked to CEO Elon Musks Master Plan X which will outline a mass industrialization of EVs and supporting supply chain that could see Tesla require... More

Active options: TSLA AAPL AMZN NVDA AMD META GOOGL MSFT F AMC

Active options: TSLA AAPL AMZN NVDA AMD META GOOGL MSFT F AMC

Twitter lawyer tells court Musk has not backed up claims of fake accounts

By Tom Hals

WILMINGTON, Del. (Reuters) -Elon Musk's review of Twitter Inc accounts by his advisers did not back up the billionaire's allegation that the number of fake users was "wildly higher" than 5% as he claimed when he said he was ending the Twitter takeover deal in July, a Twitter lawyer told a judge on Tuesday.

Documents obtained from two data scientists employed by Musk showed they estimated in early July that the number of fake accounts on the platform at 5.3% and 11%, the Twitter lawyer told a Delaware judge.

"None... More

Active options: TSLA AAPL NVDA AMZN AMD LCID META AMC CHPT MSFT F

Active options: TSLA AAPL NVDA AMZN AMD LCID META AMC CHPT MSFT F

Hertz (HTZ) and bp (BP) Collaborate on North American EV Charging Network

Vehicle rental company, Hertz (NASDAQ: HTZ) announced alongside bp (NYSE: BP) on Tuesday, the signing of a memorandum of understanding for the development of a national network of electric vehicle charging stations. The stations will be powered by bp's global electrification and charging solution brand named "bp pulse".

The agreement also involves the management of Hertz's charging infrastructure by bp pulse and the customization of its Omega software to ensure the rental company's growing fleet of electric rental cars are recharged quickly and efficiently between... More

Tesla (TSLA) will Hold Shanghai Production Below Maximum Through End of Year

Reuters reports today that electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) plans to hold production at its Shanghai plant at about 93% of capacity through the end of year. The story cites two people with knowledge of the matter.

The sources did not give a reason for the decision not to run the plant at full capacity, though one said the... More

Tesla to keep output at upgraded Shanghai plant below maximum -sources - Reuters

Tesla to keep output at upgraded Shanghai plant below maximum -sources - Reuters

Exclusive-Tesla to keep output at upgraded Shanghai plant below maximum -sources

SHANGHAI (Reuters) - Tesla plans to hold production at its Shanghai plant at about 93% of capacity through the end of year, despite a recent upgrade, two people with knowledge of the matter said, in a rare move for the U.S. maker of electric vehicles.

Since the plant opened in its second largest market in late 2019, Tesla has sought to run the facility in China's commercial hub at full capacity, and recently upgraded its weekly output by 30%, to a maximum of 22,000 vehicles.

The sources, who spoke on condition of anonymity as the matter is not... More

Tesla (TSLA) Asks Employees to help with 'Very High Volume' of Deliveries

Over the past year, Tesla's (NASDAQ: TSLA) CEO, Elon Musk, expressed his desire to move away from the company's model that results in large delivery pushes at the end of the quarter. This 3Q was expected to be more manageable. However, an email obtained by Electrek shows that the... More