Tesla will not start German mass battery production before 2024 -Handelsblatt
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- Far-left party wins Berlin election, pledging to nationalise housing
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- Meta AI agent ‘Muse’ triggers massive tech rally as chips and Wall Street soar
- Nasdaq notches record-high close, AI optimism reignites and Treasury yields retreat
- Oil price dips to $100 on hopes of US-Iran diplomacy, partial recovery in Saudi exports
Wolfe Research Examines Rivian’s (RIVN) Long-Term Strategy as it Aligns with IRA
October 18, 2022 8:05 AM EDTAfter examining the effects of the United States Inflation Reduction Act (IRA) and its effect on American electric vehicle OEMs such as Rivian (NASDAQ: RIVN), analyst Rod Lache of Wolf Research has determined that the bill will accrue significant benefits to those that have geared up for vertical integration, as well... More
BYD Releases 3Q Estimated Results Showing Record Sales
October 18, 2022 7:40 AM EDTShares of BYD Co. jumped as much as 7.25% on Tuesday after the Warren Buffet backed Chinese auto maker announced its estimated 3Q numbers and said its third-quarter profit may surge up to 365%.
Results for BYD were better than expected, wrote Citi analyst Jeff Chung on Monday. The earnings beat was attributable to strong EV volume growthand mix improvements, wrote Chung, adding that... More
Tesla (TSLA) Looks to Add almost 7000 Jobs
October 18, 2022 7:22 AM EDTTesla (NASDAQ: TSLA) this week listed over 6,900 jobs on its career website, almost a 50% surge since mid-June. That compares to a 2022 peak of over 7,400 job ads in May, according to data similarly tracked by Thinknum Alternative Data and hedge fund Snow Bull Capital.
Tesla job... More
Citi Reiterates Sell Rating on Tesla (TSLA), PT $141, Comments Ahead of Q3 2022 Earnings
October 18, 2022 6:09 AM EDTCiti analyst Itay Michaeli reiterated a Sell rating and $141.33 price target on Tesla (NASDAQ: TSLA).
The analyst comments "Ahead of Teslas Q3 results on Wednesday, we are updating our model to reflect Q3 deliveries and other recent data points. We reduce our 2022 and 2023... More
