Tesla faces new race bias trial from employee whose $137 million verdict was cut
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BYD extends market lead in China after posting 4Q profit jump
March 29, 2023 9:24 AM EDTWang Chuanfu, Chairman of Chinese electric automaker BYD, told reporters in Hong Kong Wednesday that the company is large enough to shake off the impact of a bruising price war and faltering demand in China, after reporting an 11-fold increase in fourth-quarter profit.
The strong result came as... More
Wedbush expects good numbers ahead of Tesla (TSLA) 1Q delivery report
March 29, 2023 9:10 AM EDTWedbush reiterated an Outperform rating and $225.00 price target on Tesla Inc. (NASDAQ: TSLA) ahead of the electric automakers 1Q delivery report. Tesla will be reporting its 1Q delivery units number likely this weekend with all eyes on how demand is holding up in a shaky macro.
Analyst, Daniel Ives wrote in a note, Clearly since the Model Y/3 price cuts were implemented early this year... More
Tesla (TSLA) remains a favorite at Baird ahead of 1Q delivery numbers
March 29, 2023 8:24 AM EDTBaird reiterated an Overweight rating and $252.00 price target on Tesla Inc. (NASDAQ: TSLA) ahead of the electric automakers 1Q23 delivery numbers.
After negative estimate revisions and worries surrounding demand, recent price decreases and anecdotal data on sales seem to have relieved some bearish sentiment.
The year is still early, but we continue to like the setup of the stock and believe bias for estimate... More
Deutsche Bank cuts estimates ahead of Tesla’s (TSLA) 1Q report
March 28, 2023 11:37 AM EDTDeutsche Bank reiterated a Buy rating and $250.00 price target on Tesla Inc. (NASDAQ: TSLA) ahead of the electric automakers 1Q23 delivery and production numbers, which are expected to be reported this weekend.
Deutsche Bank trimmed their 1Q delivery estimate lower to 416k units (+34% YoY, +3% QoQ), reflecting the continued uncertainty in the macro environment after the price cuts, as well as competitive pricing responses in China. They estimate Tesla delivered... More
NHTSA opens probe into 50,000 Tesla (TSLA) Model X EVs over seat belts
March 28, 2023 7:37 AM EDTThe National Highway Traffic and Safety Association (NHTSA) announced Tuesday that the U.S. regulator has opened a probe into 50,000 Tesla (NASDAQ: TSLA) Model X vehicles after receiving two complaints reporting front seat belt failures.
The preliminary evaluation covers 2022-2023 model... More
Morgan Stanley remains bullish on Tesla (TSLA); 'We're prepared for more EV price cuts'
March 27, 2023 10:13 AM EDTMorgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA) as Chinese battery analyst, Jack Lu notes a continued rise in domestic EV battery inventory.
According to Lu, domestic EV battery inventory continued to rise to ~152GWh at the end of... More
