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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