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Tesla (TSLA) recalls 1.62M units in China
January 5, 2024 8:47 AM ESTThe China State Administration for Market Regulation revealed Friday that electric automaker, Tesla (NASDAQ: TSLA) will recall 1.62 million vehicles in the country. The recall follows two others that were enacted in the United States in December.
The U.S. automaker will release an... More
Wolfe downgrades Rivian (RIVN) ahead of R1 production ramp
January 4, 2024 10:04 AM ESTWolfe 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
