Wall Street's reaction to Tesla's Nov. 30 release of the Cybertruck was muted, to say the least. Morgan Stanley analyst Adam Jonas, with a price target of $380 on the stock, wrote in a Nov. 30 note that the Cybertruck represents a "moonshot" project that will make up less than 5% of revenue and around 0% of profit by 2025. Tesla CEO Elon Musk has said that he expects Tesla to produce 250,000 Cybertrucks a year by 2025, in line with an October estimate by TF International Securities analyst Ming-Chi Kuo...
Continue ReadingRobinhood CEO Vlad Tenev weighs in on the surge in crypto and the future of the online trading platform...
Continue ReadingDow Jones futures: The Magnificent Seven stocks tumbled Monday, as Alphabet, Nvidia and Tesla stock finished with sharp losses...
Continue ReadingTesla notified customers that the $7,500 federal tax credit for electric vehicle purchases will be cut in half for two of its popular models starting in 2024...
Continue ReadingTesla saw sales of China-made vehicles jump more than 10% in November compared to a month ago even as the number dropped 18% vs. last year. The EV giant began delivering its revamped Model 3 at the end of October, according to according to data released by the China Passenger Car Association (CPCA) Monday...
Continue ReadingTesla's website is warning potential customers that they may have to pay more for their Model 3s if they don't receive delivery by Dec. 31...
Continue ReadingBYD delivered just over 301,000 passenger vehicles in November, up about 31% year over year. Included in the total were just over 170,000 all-battery electric vehicles, or BEVs, up almost 50% year over year...
Continue ReadingThe Energy Department has new guidelines that will determine which electric vehicles qualify for what federal tax credits in years to come. What cars get which tax credits, of course, can move auto stocks—exactly why investors should follow along as the details get hashed out. Foreign entities of concern, or FEOCs, are a part of the infrastructure law designed to limit their participation in domestic battery supply chains, explains the Energy Department...
Continue ReadingArtificial intelligence (AI) has become the darling of the investment community in 2023. Unsurprisingly, Nvidia (NASDAQ: NVDA) -- with its cutting-edge AI chips and a solid software ecosystem -- has emerged as a hot favorite of Wall Street. While Nvidia continues to be the undisputed leader in the AI infrastructure space, some investors have started considering the stock to be a tad bit costly...
Continue ReadingTesla's goal of 1.8 million deliveries in 2023 faces a stern test after sales in China last month fell the most in nearly a year...
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