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BofA: EV wave still on horizon, but smaller than prior tsunami

June 22, 2024 5:00 AM EDT

Bank of America analysts predict a slower electric vehicle (EV) wave than previously anticipated in their latest note covering the sector. While EVs and hybrids will still account for roughly 60% of new car offerings by 2028, the bank notes that this is down from 64% last year.

BofA cites a... More

Barclays Cautious on Tesla (TSLA): 'likely to face continued negative revisions on 2024 and '25 estimates'

June 21, 2024 5:41 AM EDT

Barclays analyst Dan Levy reiterated an Equalweight rating and $180.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Key takes: 1. Expect 2Q deliveries of ~415k units (-11% y/y), below cons. 444k, but possibly inline with more muted buyside expectations; 2. Notable 2Q weakness in... More