Tesla (TSLA) Credit Rating Raised to Investment Grade at S&P Global

Morgan Stanley Cuts Price Target on Tesla (TSLA)

October 10, 2022 12:34 PM EDT

Morgan Stanley reiterated an Overweight rating and cut the price target on Tesla, Inc. (NASDAQ: TSLA) to $350 (from $383) following the companys 3Q delivery miss. Morgan Stanley believes the factors that drove to Teslas weaker than expected 3Q production and deliveries could... More

Tesla (TSLA) Breaks China Monthly Sales Record

October 10, 2022 7:17 AM EDT

The China Passenger Car Association (CPCA) released a report on Sunday showing that electric vehicle company Tesla (NASDAQ: TSLA) delivered 83,135 China-made electric vehicles (EVs) in September, setting a monthly record over the prior deliveries high of 78,906 in June. The number marks an 8% increase over... More

Guggenheim Remains Sidelined on Tesla (TSLA) Following Weak 3Q Volumes

October 7, 2022 11:36 AM EDT

Guggenheim reiterated a Neutral rating on Tesla (NASDAQ: TSLA) after the electric vehicle company reported weaker than expected 3Q volume. Analyst, Ali Faghri further examined the automakers potential demand issues in China, and whether those issues could spill over into the US and European markets.

Teslas wait times in China have rapidly declined in recent months, going from 20+ weeks at the peak this summer to 1 to 4 weeks more recently. While Guggenheim thinks ramping supply out of TSLA's Shanghai factory explains part of the wait time normalization, Faghri believes that... More

Morgan Stanley on NY’s Electric Vehicle Goals: 'Something Has to Give'

October 7, 2022 7:59 AM EDT

The state of New York has announced that, similar to California, all new vehicles sold in the state will be battery electric vehicles by 2035. The plan is aimed at reducing greenhouse gas emissions and represents a key step in achieving NY's target of reducing emissions 85% by 2050. Morgan Stanley, after examining the current state of battery supply chains and EV prices, believes this goal will be difficult to achieve.

As part of the plan, NY is making additional grants and subsidies available to both... More

Pepsi (PEP) to Receive First Tesla (TSLA) Semi Trucks in December

October 7, 2022 7:36 AM EDT

Tesla (NASDAQ: TSLA) CEO, Elon Musk announced Thursday on Twitter (NYSE: TWTR) that the company is starting Semi electric commercial truck production and PepsiCo Inc (NASDAQ: PEP) will get the first deliveries... More

UPDATE: Tesla (TSLA) raised to investment grade at S&P

October 6, 2022 12:49 PM EDT

(Updated - October 6, 2022 1:02 PM EDT)

Tesla (NASDAQ: TSLA) raised to investment grade at S&P, to BBB from BB+

Tesla Inc.'s reported production and deliveries for the nine months ended Sept. 30, 2022, were higher than our expectations and the ramp-up in its global capacity appears on track to meet the strong demand for its products into 2023.We now view Tesla's credit profile more favorably because it continues to demonstrate market leadership in electric vehicles (EVs), with solid manufacturing efficiency that supports strong EBITDA margins and sustained positive free operating... More

Deutsche Bank Adds Tesla (TSLA), 9 Others Stocks to Q4 Fresh Money List

October 6, 2022 7:28 AM EDT

Deutsche Bank added 10 stocks to their Fresh Money List for Q4:

Armstrong World (NYSE: AWI)
BJ's Wholesale Club (NYSE: BJ)
Eaton (NYSE: ETN)
FactSet (NYSE: FDS)
Graphic Packaging (NYSE: GPK)
Prologis (NYSE: PLD)
Restaurant Brands (NYSE: QSR)
R1 RCM (NASDAQ: RCM)
Star Bulk Carriers (NASDAQ: SBLK)
Tesla (NASDAQ: TSLA)

... More

Bernstein's Impression of Tesla's (TSLA) Optimus Robot: 'Why Humanoid?'

October 6, 2022 7:25 AM EDT

Tesla Inc (NASDAQ: TSLA) featured their newest Optimus prototype at the companys AI day on September 30th. Two models were shown of the humanoid robot, a walking prototype Bumble-C for internal development, and a near-production version, which is intended for commercial release in the future.

Bernstein analyst Jay Huang gave his first impression of the Optimus in a note, writing, Optimus... More

Mizuho Cuts Price Target on Tesla (TSLA)

October 6, 2022 7:05 AM EDT

Mizuho Securities reiterated a Buy rating on Tesla (NASDAQ: TSLA) and lowered the price target to $370.00 (from 391.67) following the release of the electric vehicle companys September delivery numbers.

Teslas deliveries were 42% to 343.8k units compared to the same time last year. However, the company... More

Musk Failed to Convince Twitter (TWTR) to Lower the Deal Price - Reports

October 6, 2022 5:44 AM EDT

Elon Musks representatives contacted Twitter (NYSE: TWTR) weeks ago and sought a 30% discount on the agreed price of $54.20 per share, the New York Times reported.

Twitter dismissed such a request and subsequent proposals from Musk to cut the deal price by 10%. Ultimately, Musk gave in and committed to completing the deal at the original price, just days before his deposition was supposed to take place. Eventually, Tesla (NASDAQ:... More

Tesla (TSLA) PT Lowered to $370 at Mizuho Securities

October 5, 2022 5:06 PM EDT

Mizuho Securities analyst Vijay Rakesh lowered the price target on Tesla (NASDAQ: TSLA) to $370.00 (from $391.76) while maintaining a Buy rating.

The analyst commented, "... reiterate BUY, but lowering estimates/PT with we estimate a softer SepQ. Lowering SepQ from $23.2B/$1.02 to $21.9B/$0.95 (BELOW cons... More