Tag TSLA

Billionaire Tesla investor Ron Baron continues to be bullish on Tesla, and he's got a few reasons why. Baron, who is the CEO and chairman of Baron Capital and has been investing in Tesla since 2014, gave his thoughts about Tesla on NBC's Squawk Box on Friday. "[Tesla] can't possibly be matched by anyone else...

The Dow Jones Industrial (^DJI) and NASDAQ (^IXIC) saw an uptick Friday morning, shrugging off recent comments from Federal Reserve Chair Jerome Powell about leaving the door open for future interest rate hikes to continue to battle inflation. The gains may be short-lived as the University of Michigan consumer sentiment for November showed the index came in at 60.4 this month, below the expected 63.7 by economists and one of the lowest measurements since May. Wynn Resorts (WYNN) is down over 5% Friday morning as news of lower-than-expected revenue from Chinese markets for the third quarter. In addition, The Culinary Workers and Bartenders Union, representing about 5,000 employees, has reached a tentative agreement with Wynn. The agreement includes the biggest wage increase ever negotiated in the union’s 88-year history, according to the union. Shares of Plug Power (PLUG) are diving over 35% as the company's third-quarter report mentioned "unprecedented supply challenges". In a filing late Thursday night, The company projected that "existing cash and available for sale and equity securities will not be sufficient to fund operations through the next 12 months." causing serious doubts about the future of the company. Tesla (TSLA) received another lowered rating, this time from HSBC (HSBC). Analyst Michael Tyndall reduced his price target to $146, citing CEO Elon Musk as a "risk" for the company, along with a longer timeline to see profits from current innovations. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live...

The Swedish electric vehicle maker has plans to roll out two new models in the next year to help increase production...

Li Auto has a unique electric-vehicle strategy that is working. No auto company has picked up more Chinese market share in recent months than Li. Citi analyst Jeff Chung on Thursday updated his EV database with data from the Chinese Passenger Car Association...

These 9,000-ton presses are about the size of a small home...

In the race for electric vehicle (EV) supremacy, one brand and one name continually come to mind: Tesla Inc. and its CEO Elon Musk. While there's no denying the power of Tesla and Musk, the EV industry is changing. And with that change, other forward-thinking companies are getting in on the action. Vvolt fits that mold. Vvolt is setting a new standard with accessible and reliable transportation solutions designed to reduce car dependency. Don’t Miss: 1 Million Tons of Batteries in Landfills Each...

Pressure is growing on Tesla in Sweden, where a trade union is demanding that the Texas-based automaker sign a collective bargaining agreement, which most employees in the Scandinavian country have. Tesla has no manufacturing plant in Sweden, but 130 members of the powerful metalworkers’ union IF Metall walked out on Oct. 27 at seven workshops across the country where its popular electric cars are serviced. Other trade unions joined in solidarity, including dockworkers at Sweden’s four largest ports who decided Tuesday to stop the delivery of Tesla vehicles to increase pressure on the automaker to accept the metal workers’ demands...

After a hard month, Tesla shares fell further on Thursday when HSBC initiated coverage of the electric-vehicle leader with a reduce rating and price target of $146, a roughly 30% drop from the stock's current levels. HSBC analyst Michael Tyndall cited numerous factors that he believed would continue to hinder Tesla's growth. Prominent among them is his understanding that the expense tied to the growth of Tesla's noncar-related businesses — self-driving, artificial intelligence, the Optimus robot and its Dojo supercomputer — will likely be "well above the group average given the regulatory and technological challenges they face."...

Canaccord analyst George Gianarikas is a Tesla Bull. (FFND) co-founder Gary Black is more even more bullish than Gianarikas. Mean reversion is the idea that, in the long run, growth rates should converge to some industry average...

This electric automaker is in a challenging near-term position. But its long-term future remains bright...