CPCA: Tesla (TSLA) Sold 71,447 China-made EVs in January 2024
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Bernstein 'struggles' to see a catalyst for Tesla (TSLA) stock
February 6, 2024 9:50 AM ESTBernstein remains Bearish on Tesla (NASDAQ: TSLA) with an Underperform rating and a 12-month price target on the electric automaker of $150.00 as analysts struggle to see a catalyst for the company.
2023 marked a period of robust yet decelerating growth for the electric vehicle (EV) market globally, with sales of battery electric vehicles (BEVs) experiencing a 35% increase from 6.3 million to 8.2 million units. This growth, however, was notably slower compared to the impressive 65% expansion witnessed in... More
Daiwa downgrades Tesla (TSLA) over increased governance concerns
February 6, 2024 9:00 AM ESTDaiwa Capital Markets downgraded Tesla (NASDAQ: TSLA) to a Neutral rating (From Outperform) and cut their 12-month price target by $50.00 to $195.00 as the firm sees corporate governance concerns aggravating already tough financial conditions in 2024.
Concerns about how Tesla is governed increased after a Delaware judge's ruling questioned the independence of Tesla's Board, leading to the cancellation of CEO Elon Musk's compensation. The Wall Street Journal's... More
Tesla (TSLA) sinks as SAP moves away from EV giant
February 5, 2024 3:12 PM ESTTesla's (NASDAQ: TSLA) stock dropped nearly 6% on Monday following reports that German software firm SAP would stop buying electric cars from the company.
Tesla's shares fell to $177.27, the lowest since May 2023, and has traded down 28% this year. The decline accelerated after Tesla projected "notably lower" delivery growth in... More
Global BEV sales reach a new high
February 5, 2024 11:56 AM ESTBank of America tracked electric vehicle sales for December and FY 2023 finding in December 2023 that global Battery Electric Vehicle (BEV) sales achieved a record high of 1.1 million units, marking a 19% YoY increase and pushing the penetration rate beyond 14% for the first time.
China experienced a resurgence in BEV sales, rising by 38% YoY in December and 32% in the 4Q. Meanwhile, the EU saw a 20% decline in December due to the phasing out of subsidies the previous... More
Activist investors target change at Tesla (TSLA) following Elon Musk pay ruling
February 2, 2024 11:36 AM ESTIn a recent development, activist investors targeting Tesla's (NASDAQ: TSLA) board for allegedly failing to curb CEO Elon Musk's influence believe a recent court ruling on Musk's $56 billion stock compensation may be the catalyst they need for meaningful reforms.
The pivotal moment arrived with a Delaware judge voiding Musk's record-breaking compensation, signaling... More
U.S. regulators upgrade Tesla (TSLA) power steering probe
February 2, 2024 9:59 AM ESTU.S. safety regulators have upgraded their probe into Tesla (NASDAQ: TSLA) and are looking more closely into power steering issues in the companys vehicles, taking the next step toward a potential recall.
The National Highway Traffic Safety Administration (NHTSA) announced an investigation covering around 334,000... More
Tesla (TSLA) recalls nearly 2.2M EV's in US
February 2, 2024 8:36 AM ESTElectric vehicle giant, Tesla Inc. (NASDAQ: TSLA) is recalling nearly 2.2 million EVs in the U.S. due to the size of the font on the vehicles warning lights.
According to the NHTSA release, Tesla's chosen font size for the affected vehicles fails... More
