The electric vehicle maker still is shooting for a launch of its cheaper vehicle in the first half of next year and other models later in the year, the bank said after the meeting with investor relations chief Travis Axelrod. Tesla plans to launch robotaxi service in California and Texas next year, Deutsche Bank said. Tesla had set that goal earlier this year...
Continue ReadingChinese device and now EV-maker Xiaomi revealed its latest offering in the ultra-competitive Chinese auto market, doubling down on the success it's already achieved with its SU7 EV sedan...
Continue ReadingNow that bitcoin (BTC-USD) breached the crucial psychological $100K mark, what's next for the cryptocurrency? One investor is confident that it will continue to rise in the coming calendar year. Matt Kohrs, YouTuber and "The Matt Kohrs Show" host, tells Wealth! host Brad Smith that he sees two paths ahead for bitcoin: "It's either the best store of value ever created, or we're looking at another tulip mania that is maybe on the precipice of popping." Kohrs is positive on bitcoin, citing its performance against the U.S. dollar. "Now, in the short term, your guess is as good as mine. We might as well just be flipping a coin. But in the long term, if this idea of a store of value and the US dollar always being devalued, I think bitcoin goes higher and higher." When it comes to the next major milestone for bitcoin, Kohrs says, "I think the next big psychological level in terms of US dollar value will be 250,000, which I want to make clear, I do believe is very possible in the upcoming calendar year." He's less positive when analyzing the fundamentals of GameStop (GME) and other so-called "meme stocks." Kohrs says, "When I look at the entire investable universe, GameStop's not really a top tier one because we don't have much forward direction from the company and the company's leadership at this moment in time." Instead, he suggests these retail investors have more to gain from companies with stronger fundamentals, including Tesla (TSLA) and Palantir (PLTR). For more expert insight and the latest market action, click here to watch this full episode of Wealth. This post was written by Kayla Hawkins...
Continue ReadingChinese consumer electronics maker Xiaomi is ready to launch an electric SUV next year as a follow-up on the smashing success of its first vehicle, the SU7...
Continue ReadingSeana Smith and Brad Smith examine the top analyst calls on Morning Brief. Tesla (TSLA) stock is on the rise after Bank of America analysts boosted their price target to $400 from $350 following a visit to the company's Texas gigafactory. Morgan Stanley analysts upgrade its rating of Reddit (RDDT) and lift its price target to a Street high of nearly triple its previous estimate, saying they were wrong to wait on the sidelines. Wedbush rates eBay (EBAY) Neutral, saying there are few near-term positive catalysts. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan...
Continue ReadingEntering the week, Tesla is only about 6% from an all-time high. The question for investors now is whether it can get there...
Continue ReadingTesla tops Reddit stock mentions, fueled by self-driving tech, Cybertruck launch, and strong investor interest...
Continue ReadingAs the S&P 500's (^GSPC) Magnificent Seven — Meta Platforms (META) Microsoft (MSFT) Alphabet (GOOGL, GOOG), Amazon (AMZN), Apple (AAPL), Nvidia (NVDA), Tesla (TSLA) — could see its profit growth slow from 34% to 18% in 2025, Bloomberg Intelligence reports the healthcare sector could take the lead. Yahoo Finance host Madison Mills joins the Morning Brief to break down Bloomberg Intelligence's latest earnings growth estimates. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Luke Carberry Mogan...
Continue ReadingThese Stocks Are Moving the Most Today: Super Micro, Tesla, Nvidia, Palantir, AMD, AppLovin, Hershey, Comcast, and More...
Continue ReadingMeme stocks like AMC and GameStop get their price spikes from strong buying interest. AMC soared on Thursday but erased all of those gains Friday as it fell nearly 10%. Shares soared after influential meme investor Keith Gill, also known as "Roaring Kitty," posted an image of a mocked-up Time magazine cover with a blank computer screen and keyboard on Twitter/X...
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