Tesla steps up job ads as recession clouds gather
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October 18, 2022 8:05 AM EDT
After 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
October 18, 2022 7:40 AM EDT
Shares 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
October 18, 2022 7:22 AM EDT
Tesla (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
October 18, 2022 6:09 AM EDT
Citi 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
