Major indexes showed mixed action in a short session on the stock market today. Tesla and Nvidia stocks rose Wednesday...
Continue ReadingVanda Research sees renewed Tesla interest, Nike dip-buying...
Continue ReadingA surprisingly strong second quarter deliveries figure was boosting Tesla stock for a second day on Wednesday as shares continue their rally over the last month...
Continue ReadingTesla stock received several price target increases Tuesday and Wednesday following second-quarter global vehicle deliveries coming in above analyst expectations even as the total number declined compared to a year ago. Following Tesla's deliveries release Tuesday, TSLA closed up 10.2% at 231.26. As TSLA surged, Guggenheim raised its price target on Tesla stock to 134, up from 126, and kept a sell rating...
Continue ReadingThe average price paid is expected to fall this year for the first time since 2008, but interest rates are keeping payments high...
Continue ReadingA big Tesla bull just got even more bullish...
Continue ReadingTesla’s second-quarter car deliveries were fine. The amount of battery storage deployed in the second quarter was a wow...
Continue ReadingU.S. equities were mixed at midday Wednesday, July 3, 2024 just ahead of the close of a holiday-shortened session after a report showed private sector job creation slowed in June...
Continue ReadingWedbush Securities has increased its price target on Tesla (TSLA) to $300 from $275 following the automaker's second quarter vehicle delivery performance, which beat expectations. Dan Ives, managing director and senior equity analyst at Wedbush Securities, offers insights into this outlook. Ives acknowledges that the electric vehicle maker has had a "tough" six to nine months but says that Q2 is a "turning point." He emphasizes the potential of Tesla's artificial intelligence initiatives, suggesting that the "AI story alone is worth a trillion dollars at Tesla." Regarding Tesla's autonomous vehicle ambitions, Ives highlights the ongoing development of the robotaxi. He anticipates that select cities could witness robotaxi deployments within the next 18 to 24 months, noting that "the technology is getting closer and closer." For more expert insight and the latest market action, click here to watch this full episode of Market Domination. This post was written by Angel Smith...
Continue ReadingShares of Tesla (TSLA) are rising after reporting better-than-expected EV sales for its second quarter and receiving several price target increases from Wall Street analysts. Stephanie Valdez Streaty, Cox Automotive director of industry insights, joins Catalysts to give insight into what can drive the growth of EV sales. Valdez Streaty points one hill that the EV market must climb to increase sales: "As you can imagine, affordability is always the top barrier. If you think about more options for consumers, if we can have more affordable EVs, that's going to be a game changer. Right now, the average transaction price for an EV is close to 50,000, 54,000, and so that's price premium over an internal combustion engine. And so I think if we can start to get more of these affordable EVs, that's really going to help. One of the things I wanted to mention for providing more affordable is used EVs as we start to see more of those enter the marketplace." For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Nicholas Jacobino...
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