Tesla shares extend losses on demand worries in China
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EV Santa Claus rally muted in China as subsidies expire
December 29, 2022 9:38 AM ESTChinas new electric vehicle penetration was largely muted in December despite several auto brands announcing promotional campaigns and a decent sales recovery for passenger vehicles following the easing of quarantine/mobility restrictions and testing requirements. J.P. Morgan analyst Rebecca Wen noted that the usual peak season rally is not happening for the year despite this being the last year of Chinas long-running NEV subsidy program.
Wen... More
Tesla (TSLA) PT Lowered to $250 at Morgan Stanley, 'De-Rating Creates Opportunity'
December 28, 2022 4:13 PM ESTMorgan Stanley analyst Adam Jonas lowered the price target on Tesla (NASDAQ: TSLA) to $250.00 (from $330.00) while maintaining a Overweight rating.
The analyst comments "We believe2023 is shaping up to be a 'reset' year for the EV market where the last2years of demand exceeding supply will be substantially inverted to supply exceeding demand. Within this... More
Volkswagen to reveal new EV at CES 2023
December 28, 2022 12:57 PM ESTVolkswagen is preparing to unveil its newest electric vehicle at CES 2023 on January 3rd. Volkswagen didnt provide a lot of details, but the company said that the vehicle will still be camouflaged, revealing only its shape and size.
In addition to revealing a camouflaged version of the all-new... More
Tesla (TSLA) Hits Session Low, Now Down 10%
December 27, 2022 3:32 PM ESTTesla (NASDAQ: TSLA) Hits Session Low, Now Down 10%
