Midday movers: Apple, Tesla and more

Wolfe downgrades Rivian (RIVN) ahead of R1 production ramp

Wolfe Research downgraded Rivian Automotive (NASDAQ: RIVN) to Peer Perform (From Outperform) and removed their $33.00 price target on the stock as the company prepares to ramp R1 capacity at their facility in Normal, IL.

During 2023, Rivian reached a significant turning point in its operations, overcoming production hurdles and increasing production from 9,400 vehicles in Q1 to 17,500 vehicles in Q4.

Analysts at Wolfe suggest that a majority of the... More

Deutsche Bank continues to see 'large downside risk' for Tesla (TSLA) in 2024

Deutsche Bank reiterated a Buy rating on Tesla (NASDAQ: TSLA) with a 12-month price target of $260.00 on the automotive stock following the electric vehicle makers 4Q volume report.

The company delivered 485k units in the 4Q, consisting of 462k Model 3 and Y, and 23k units of S/X and some Cybertrucks, enabling the... More

Tesla (TSLA) China sees 68.7% jump in EV sales

Electric vehicle giant, Tesla (NASDAQ: TSLA) reportedly sold 94,139 China-made electric vehicles in December according to data released by the China Passenger Car Association (CPCA), a 68.7% jump compared to the same time last year.

China-made Model 3 and Model Y deliveries saw a 14.2% increase compared... More

Jefferies raises estimates on Tesla (TSLA) following 4Q volume report

Jefferies reiterated a Hold rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the stock to $255.00 (From $210.00) following the electric automakers 4Q volume report.

There have been no significant changes in the reported 4Q volume, but it's worth mentioning a surprising decrease in leasing adoption and better-than-anticipated "Other model" deliveries. This could indicate more seamless ramp than initially anticipated in the implementation of 4680 batteries or the production of... More

2024 'looks tough' for Tesla (TSLA), according to Bernstein

2024 for Tesla (NASDAQ: TSLA) looks tough, according to analysts at Bernstein, who said they believe the electric vehicle giant will see lower margins and disappoint in volumes.

In a note headed by Toni Sacconaghi, the investment firm stated that Tesla's Q4 deliveries of 485,000 were broadly in line with the sell-side consensus of 480,500, bringing full-year 2023 deliveries to 1.81 million, in line with company... More

Oppenheimer Comments on Tesla (TSLA) Q4 Deliveries, 'expect auto margins to be a key focus'

Oppenheimer analyst Colin Rusch reiterated a Perform rating and {REMOVEPT} price target on Tesla (NASDAQ: TSLA).

The analyst comments "TSLA announced 4Q23 deliveries modestly ahead of consensus and investor expectations with all models contributing to upside. With utilization running modestly higher... More

DA Davidson cuts Hasbro (HAS) to Neutral as industry future remains clouded

DA Davidson has downgraded Hasbro, Inc. (NASDAQ: HAS) to a Neutral rating (From Buy) and cut their 12-month price target on the toymaker to $53.00 (From $60.00).

According to analysts at DA Davidson, indications point towards an uncertain path ahead for the toy industry as growth stagnates. Additionally, Wizards and Digital Gaming are facing... More

Citi Comments on Tesla (TSLA) Q4 Deliveries

Citi analyst Itay Michaeli reiterated a Neutral rating and $255.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Tesla reported Q4 deliveries of ~484.5 units, ~1% ahead of the consensus of 480.5k. Model 3/Y deliveries of 461.5k were slightly above the consensus... More

Tesla (TSLA) expands lead in Norway as EVs dominate market

According to registration data released Tuesday, Tesla (NASDAQ: TSLA) has extended its lead over rival automakers in Norway, despite an ongoing conflict between the U.S. electric vehicle maker and the Nordic region's powerful labor unions.

According to the Norwegian Road Federation (OFV), EVs made up 82.4% of the... More