Tesla warns of slowing growth before new model launch next year
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J.P. Morgan cuts estimates on Tesla (TSLA), 'plenty of further downside potential'
January 26, 2024 9:29 AM ESTJ.P. Morgan reiterated an Underweight rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the auto stock to $130.00 (From $135.00) after the company reported weaker than expected earnings for the sixth straight quarter, and lower YoY profits for the fourth straight quarter, on Wednesday.
Tesla profit expectations have fallen, but... More
Wedbush removes Tesla (TSLA) from 'Best Ideas List'
January 26, 2024 8:56 AM ESTEquity researcher Wedbush revealed Friday that their analysts have decided to remove electric vehicle maker, Tesla (NASDAQ: TSLA) from their Best Ideas List.
We are removing TSLA from the Wedbush Best Ideas List (BIL) due to our investment price discipline. Wedbush analysts wrote... More
Tesla (TSLA) recalls 199,575 EVs in the U.S.
January 26, 2024 7:52 AM ESTElectric automaker, Tesla (NASDAQ: TSLA) is recalling nearly 200,000 electric vehicles due to a software glitch that may impede drivers' visibility while driving in reverse, the National Highway Traffic Safety Administration (NHTSA) said on Friday.
The recall covers certain 2023 Y, S and X model vehicles in the U.S., all equipped with "Full Self-Driving" computer 4.0 and run software... More
Tesla (TSLA) facing 'very limited growth', will require 'major price cuts' in 2024
January 25, 2024 1:45 PM ESTDeutsche Bank (DB) reiterated a Buy rating on Tesla (NASDAQ: TSLA) but cut their 12-month price target on the electric automaker over heightened concerns around 2024.
Teslas very limited outlook commentary last night, in our view confirmed our caution around 2024, in which the company will likely see very limited volume growth and pressure on earnings. Wrote DB... More
Tesla (TSLA) slumps 10% following Musk sales warning
January 25, 2024 11:00 AM ESTShares of electric automaker, Tesla (NASDAQ: TSLA) fell more than 10% on Thursday following CEO Elon Musk's caution about a slowdown in sales growth this year.
This comes despite previous price cuts that have impacted profit margins and raised concerns among investors in the... More
Musk warns Chinese EV brands will 'demolish' global rivals without trade barriers
January 25, 2024 8:40 AM ESTTesla's CEO Elon Musk issued a warning on Wednesday, suggesting that Chinese automakers would destroy global competitors if trade barriers are eliminated.
Musks assertion underscores the mounting pressure faced by Tesla, the leading player in the U.S. electric vehicle market, from formidable competitors like BYD, a company backed by Warren Buffett, which clinched the title of the world's top-selling EV company last quarter.
Despite Tesla's aggressive price cuts extending... More
