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Prepare for lower margins as Tesla (TSLA) price cuts become a 'feature' of EV market - Morgan Stanley
March 20, 2023 11:51 AM EDTMorgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA) as analyst Adam Jonas believes that investors should anticipate further price cuts in EVs.
Jonas wrote in a note, We believe EV price cuts are not a fad, but a trend. While subject to volatility, investors should anticipate further price cuts in EVs with cost-leader Tesla setting the tone.
One of the reasons Jonas... More
Stellantis (STLA) launches first tranche of buyback program
March 16, 2023 2:01 PM EDTStellantis (NYSE: STLA) announced Thursday that the automaker, pursuant to its Share Buyback Program announced on February 22, has signed a share buyback agreement with an independent investment firm that makes its trading decisions concerning the timing of purchases independently of... More
