Oracle, Boeing, Tesla rise premarket; Trimble falls

RBC Capital cuts price target as Tesla (TSLA) pressure continues

RBC capital reiterated an Outperform rating on Tesla (NASDAQ: TSLA) and cut the price target to $225.00 (From $325.00) as the stock continues to feel pressure from concerned investors. Bears are concerned about how demand, pricing, auto-GMs and Elon Musks Twitter distraction are impacting the TSLA brand.

Analyst Joseph Spak wrote in a note,... More

BYD to launch new EV brand

Chinese automaker, BYD (OTC: BYDDY) announced today that the company will be launching a new "professional and personal" electric car brand in 2023. Brian Luo, the company's branding assistant general manager, made the comments at a media event. The new brand will be an... More

Tesla (TSLA) weakness continues as investors lash out at Musk

Shares of electric vehicle giant, Tesla (NASDAQ: TSLA) are down 2.66% near end of day trading on Wednesday, extending the stocks decline to its lowest level in more than two years as investors lash out at CEO Elon Musk's distraction from the electric car company following... More

Citi’s releases thoughts on recent Tesla (TSLA) weakness

Shares of electric vehicle maker Tesla (NASDAQ: TSLA) are down 0.66% in pre-market trading on Wednesday after closing at -4% the day before. Citi analyst Itay Michaeli attributes the companys recent weakness to continued macro/demand/pricing concerns, with the most recent datapoint coming... More

Goldman Sachs remains bullish after cutting price target on Tesla (TSLA)

Goldman Sachs reiterated a buy rating on Tesla (NASDAQ: TSLA) and lowered the price target to $235.00 (from $305.00) after lowering estimates to reflect softer supply and demand.

Goldman now assumes 420K deliveries in 4Q22 (from 440K prior) and 1.85 mn units in 2023 (from 1.95 mn prior). They... More

Citi Comments on Tesla (TSLA) Selloff; Blames Demand, Macro, and Price Worries

Citi analyst Itay Michaeli reiterated a Neutral rating and $176.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "We attribute todays Tesla share price weakness (-4%) primarily to continued macro/demand/pricing concerns, with the most recent datapoint coming from... More

Chinese EV brand Zeekr files for U.S. IPO

China's Geely Automobile Holdings Ltd announced Tuesday that the companys electric car brand, Zeekr, has confidentially filed for a U.S. initial public offering, in what would be the first major Chinese listing in the country in nearly two years.

Reuters on Monday exclusively reported that Zeekr was... More

Ford (F) adds third work crew at Dearborn assembly plant

Ford (NYSE: F) announced Tuesday that they have decided to add a third work crew at the companys assembly plant near Detroit as the automaker boosts production of its F-150 Lightning electric pickup truck. Ford said it added 250 jobs in November at its... More

Ford (F) F-150 Lightning EV wins MotorTrend's 2023 truck of the year

Fords (NYSE: F) F-150 Lightning electric truck was named the 2023 MotorTrend truck of the year on Tuesday, topping traditional pickups with internal combustion engines from General Motors (NYSE: GM), Stellantis (NYSE: STLA) and Toyota Motor (NYSE: TM). The award is... More

Oracle (ORCL) PT Raised to $95 at BMO Capital

BMO Capital analyst Keith Bachman raised the price target on Oracle (NYSE: ORCL) to $95.00 (from $90.00) while maintaining a Market Perform rating following earnings.

The analyst commented, "ORCL reported organic revenue growth of over 9% y/y CC, driven by strength in license and cloud... More