Nasdaq TSLA Tesla

Below is Validea's guru fundamental report for TESLA INC (TSLA). Of the 22 guru strategies we follow, TSLA rates highest using our P/B Growth Investor model based on the published strategy of Partha Mohanram. This growth model looks for low book-to-market stocks that exhibit cha

An exchange traded fund (ETF) tied to high-flying shares of U.S. chipmaker Nvidia Corp is the top-performing ETF so far this year, as the frenzy around artificial intelligence attracts buyers.

Futures for Wall Street's main stock indexes on Thursday got a boost from hopes that the U.S. Federal Reserve had reached the end of its tightening campaign, while a number of upbeat corporate updates also lifted sentiment.

Tesla (NASDAQ: TSLA) has been one of the most remarkable comeback stories in the last decade. It was on the brink of bankruptcy a few times, most recently in 2017-2019. However, as the electric vehicle trend picked up steam in the last few years, Tesla became a huge winner, repor

World markets lapped up a combination of steady U.S. interest rates, rejigged Treasury borrowing and lower oil prices - with an eye on Thursday's earnings update from America's most valuable company Apple.

The benchmark S&P 500 index has delivered a return of about 8.5% so far in 2023. That's well below its 13.7% average annual return during the past decade.Still, investors might be surprised to know the S&P 500 has been driven higher this year by a specific group of stocks

Wall Street futures on Thursday got a boost from hopes that the Federal Reserve had reached the end of its tightening campaign, while a number of upbeat corporate forecasts also lifted sentiment.

Artificial intelligence (AI) has emerged as a burning hot investment theme in 2023. Although this transformative technology has been in development for decades, its huge investment potential has now become all too apparent.

U.S. automaker Tesla delivered 72,115 China-made electric vehicles in October, down 2.6% from a month earlier, the China Passenger Car Association (CPCA) said on Thursday.

U.S. automaker Tesla delivered 72,115 China-made electric vehicles in October, down 2.6% from a month earlier, the China Passenger Car Association (CPCA) said on Thursday.

Amid demand deceleration and rising inventories, the EV sector appears incredibly challenged, seemingly imposing dark clouds over legacy automaker General Motors ( NYSE:GM ) and its electrification ambitions. Nevertheless, for speculators having strong conviction in the space, GM may be the most credible EV manufacturer. It’s probably going to be a wild ride, but I’m cautiously bullish on GM stock. GM Stock Moves in the Right Direction For conservative investors, it’s natural to feel jittery about any enterprise related to four-wheeled mobility. Late last year and continuing into 2023, Tesla ( NASDAQ:TSLA ) sparked a sector-wide price war, slashing the prices of its vehicles. Naturally, the move forced rivals to respond to the battle of attrition. Even so, demand pressures translated to rising EV inventory on dealership lots. Nevertheless, GM stock is fortuitously moving in the right direction. First, on October 24, TipRanks reporter Shrilekha Pethe noted that General Motors posted third-quarter earnings per share of $2.28. This figure represented an increase of 1.3% on a year-over-year basis. As well, it beat analysts’ EPS expectations of $1.87. Moreover, the automaker rang up sales of $44.1 billion, rising 5.4% year-over-year and beating the consensus target of $42.5 billion. Making the print more impressive, GM CFO Paul Jacobson disclosed that the United Auto Workers (UAW) strike – which started in September – will cost the company around $800 million in pre-tax earnings this year. To be sure, the impact forced a downward earnings guidance for Fiscal Year 2023. However, management still anticipates a reduction in fixed costs of $2 billion by 2024. Adding to the positive news, recently, General Motors recently reached a tentative deal with the UAW. Although the strike imposed a heavy cost on the auto industry, the outlook should generally be positive for GM stock. With a key distraction out of the way, the underlying company can now focus on winning the EV battle. General Motors Smells Blood (and Opportunity) in the Water Again, the EV sector is no walk in the park. Still, what ultimately might benefit GM stock is that the industry may be entering a more mature phase in the growth cycle. In other words, sector competitors have already picked the low-hanging fruit. Now, the grind begins, which may favor General Motors. For one thing, Tesla incurred a far different Q3 picture than GM. As TipRanks reporter Vince Condarcuri mentioned, the EV pioneer missed analysts’ expectations on both the top and bottom lines. In the trailing month, TSLA stock has fallen by 20%, demonstrating the sharp bearish pivot. Second, and more importantly, GM stock levers the advantage of familiarity and a more accessible product mix. While the Tesla brand may resonate more with millennials, it will take generations for a company like GM to lose its historical trust factor with consumers. However, even setting aside long-established trust, General Motors provides products that will more likely fit into households’ budgets. Let’s face it: if the average family could easily afford a fully-functional EV (and I'm not talking about electric trikes), inventory wouldn’t be rising at dealerships. With sky-high gasoline prices, EVs should be flying out the door. For the higher-end customer, General Motors aims to convert marquee brands like Hummer into electrified versions. As well, the company’s eighth-generation Corvette continues to attract dollars. GM's Valuation is Too Appealing to Ignore While arguably all EV-related enterprises face downside pressures due to the strain on the consumer economy, GM stock also happens to be de-risked compared to many of its peers. For example, shares trade at around a 4x trailing earnings multiple. That’s very low compared to the multiples seen in automotive-related segments. In contrast, TSLA trades at a trailing earnings multiple of roughly 65x. As for other pure-play EV companies, the problem is that most are not profitable. Thus, it’s impossible to conduct an apples-to-apples comparison. However, because of the red ink, that only bolsters the case for GM stock. Is GM Stock a Buy, According to Analysts? Turning to Wall Street, GM stock has a Moderate Buy consensus rating based on 10 Buys, six Holds, and one Sell rating. The average GM stock price target is $44.82, implying 60.1% upside potential. The Takeaway: GM is the Best in the Ugly Dog Contest By itself, General Motors wouldn’t necessarily stand out as an exemplary investment, as both the traditional automotive and the EV segments face consumer pressures. Having said that, by comparison, GM stock distinguishes itself via the underlying diverse product mix and brand trust. In a tough ecosystem, these factors may go a long way. Disclosure

Albemarle, the world's largest producer of lithium for electric vehicle batteries, trimmed its annual forecast on Wednesday and reported a lower-than-expected quarterly profit amid slumping prices for the ultralight metal.

Albemarle, the world's largest producer of lithium, posted a 66% drop in quarterly profit on Wednesday and cut its annual forecast, citing slipping prices for the electric vehicle battery metal.

On November 1, 2023 at 14:59:59 ET an unusually large $216,344.00K block of Put contracts in Tesla (TSLA) was bought, with a strike price of $450.00 / share, expiring in 79 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade

On November 1, 2023 at 14:59:59 ET an unusually large $62,168.00K block of Put contracts in Tesla (TSLA) was sold, with a strike price of $366.67 / share, expiring in 79 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was

On November 1, 2023 at 15:21:37 ET an unusually large $42,550.00K block of Put contracts in Tesla (TSLA) was sold, with a strike price of $416.67 / share, expiring in 79 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was

Electric vehicle powerhouse Tesla (NASDAQ: TSLA) posted another quarter of impressive growth, but investors were more focused on CEO Elon Musk's efforts to temper expectations about what is to come. Shares of Tesla fell 19.7% for the month, according to data provided by S&P G

Look for Strength in a Sea of Red

Looking at units outstanding versus one week prior within the universe of ETFs covered at ETF Channel, the biggest outflow was seen in the ARK Innovation ETF, where 13,500,000 units were destroyed, or a 7.3% decrease week over week. Among the largest underlying components of A

Wall Street's main stock indexes rose on Wednesday as investors looked forward to the Federal Reserve's monetary policy decision, while megacap stocks gained as bond yields eased after the U.S. Treasury Department's refunding plans.