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Citi says XPeng (XPEV) will suffer most from Tesla (TSLA) price cut
January 6, 2023 11:20 AM ESTElectric vehicle maker, Tesla (NASDAQ: TSLA) announced on Friday that the company has cut the price of various model configurations of Model 3 and Model Y, with MSRP of entry-level Model 3 down by Rmb36,000 to Rmb229,900 and that of entry-level Model Y down by Rmb29,000... More
Tesla (TSLA) falls following latest round of price cuts; Li, Nio and XPeng also drop
January 6, 2023 7:11 AM ESTShares of Tesla (NASDAQ: TSLA) are down 5.76% in pre-market trading Friday after the electric vehicle maker announced a cut to car prices in China and other Asian markets as part of efforts to stoke demand for output from its Shanghai plant.
According... More
Tesla (TSLA) files to expand trademark to 'not for land vehicles'
January 4, 2023 1:55 PM ESTIn an exclusive report by Electrek, Tesla (NASDAQ: TSLA) has filed to extend its trademark to include electric motors "not for land vehicles," hinting that the electric vehicle... More
Tesla's (TSLA) 'ominous' start has investors concerned
January 4, 2023 8:09 AM ESTWedbush reiterated an Outperform rating and $175.00 price target on Tesla (NASDAQ: TSLA) after the electric vehicle giant saw a major sell-off Tuesday as a result of soft 4Q delivery numbers.
Analyst, Daniel Ives described the sell-off as an "ominous start for the company to kick off 2023 after a horrific 2022". However, the EV makers main worry for now is... More
Truist cuts revenue estimates and price target following Rivian (RIVN) production miss
January 4, 2023 7:53 AM ESTTruist Securities reiterated a Buy rating on Rivian Automotive (NASDAQ: RIVN) and cut the companys price target to $50.00 (from $65.00) following the electric vehicle makers 4Q production and delivery miss.
Rivian reported the 4Q production of 10,020 vehicles, coming in short of the streets estimated 10,892. Deliveries were... More
