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Billionaire Elon Musk's xAI on Wednesday announced the formation of the artificial intelligence (AI) startup with the launch of its website, unveiling a team made up of engineers who have worked at companies from Alphabet-owned Google to Microsoft and OpenAI.

Ericsson ERIC is scheduled to report second-quarter 2023 results on Jul 14, before the opening bell. In the last reported quarter, the company surpassed the Zacks Consensus Estimate by 4 cents. It pulled off a trailing four-quarte

Tesla said the $7,500 federal tax credits for its Model 3 electric vehicles are likely to be reduced after Dec. 31, according to its website.

Wall Street rallied on Wednesday, led by gains in rate-sensitive megacap growth stocks after data showed inflation cooled further in June and boosted hopes that the Federal Reserve was nearing the end of its monetary tightening cycle.

Wall Street rallied on Wednesday, led by gains in rate-sensitive megacap growth stocks after data showed inflation cooled further in June and boosted hopes that the Federal Reserve was nearing the end of its monetary tightening cycle.

The market expects Tesla (TSLA) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2023. This widely-known consensus outlook is important in assessing the company

Lucid Group's electric-vehicle production dropped and its deliveries in the second quarter remained flat compared to the previous three months amid competition from Tesla, sending its shares down 7% in premarket trading on Wednesday.

Wall Street futures sharply extended gains on Wednesday after data showed inflation cooled further in June, boosting investor optimism that the Federal Reserve is nearing the end of its monetary tightening cycle.

Below is Validea's guru fundamental report for TESLA INC (TSLA). Of the 22 guru strategies we follow, TSLA rates highest using our Small-Cap Growth Investor model based on the published strategy of Motley Fool. This strategy looks for small cap growth stocks with solid fundament

The NASDAQ 100 Pre-Market Indicator is up 135.74 to 15,254.8. The total Pre-Market volume is currently 31,469,719 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is +0.46 at $40.93, with 1,898,394 shares traded. Th

Apple (NASDAQ: AAPL) seems to be continuing its car efforts, recently moving them to Arizona. But the data on Apple's autonomous vehicle efforts aren't promising, which Travis Hoium highlights in this video.

Tesla (NASDAQ: TSLA) is considered an autonomous driving leader by many investors, but is that true? In the state of California, Tesla has reported shockingly few miles in fully autonomous mode, even with a safety driver, indicating that it may be falling behind. Travis Hoium cov

A "special rebalance" of the Nasdaq 100 index will take place later this month as exchange operator Nasdaq looks to reduce the concentration of heavyweight companies that account for nearly half of the index's weight.

Germany's Audi is in talks with SAIC Motor Corp to buy an electric vehicle platform from the Chinese state-owned automaker, two people familiar with the matter said, an unprecedented effort to shore up market share.

Following the skyrocketing gains of Tesla (NASDAQ: TSLA) stock, investors have been hungry to find the next electric vehicle (EV) juggernaut, and there's arguably no candidate that's gotten more attention than Rivian (NASDAQ: RIVN). The company is best known for its electric pick

Tesla ( NASDAQ:TSLA ), Carvana ( NYSE:CVNA ), and Rocket Lab ( NASDAQ:RKLB ) are among the buzzing stocks on the social media platform Reddit. While these stocks are hotly discussed on Reddit and have gained mentions,  top Wall Street analysts predict a downside in TSLA and CVNA. However, they see solid upside potential for RKLB.  But before digging into details, note that TipRanks identifies the top Wall Street analysts per sector, per timeframe, and against different benchmarks. The ranking reflects an analyst’s ability to deliver high returns through recommendations. Following the ratings, TipRanks’ algorithms calculate the statistical significance of each rating, the analysts’ overall success rate, and the average return. Is Tesla Stock Expected to Drop? Tesla stock has more than doubled this year. The  EV (electric vehicle) giant’s strong delivery volumes have driven its stock price higher. However,  top Wall Street analysts recently downgraded TSLA stock. Further, top analysts, including  Ryan Brinkman of J.P. Morgan and  Ronald Jewsikow of Guggenheim, predict steep downside potential in TSLA stock from current levels.  Both analysts reiterated a Sell rating on TSLA stock on July 3. While Brinkman raised the price target on Tesla stock to $120 from $115, he maintained a cautious outlook. The analyst’s price target indicates 55.52% downside potential from current levels. Meanwhile, Jewsikow’s price target of $112 suggests 58.49% downside potential.  Overall, TSLA stock has received eight Buy, eight Hold, and one Sell recommendations from top Wall Street analysts. Further, these analysts’ average price target of $239.19 implies a downside potential of 11.34%.  Is Carvana Stock Expected to Go Up? Carvana stock has rallied significantly, growing more than 660% on a year-to-date basis in 2023. While its GPU (Gross Profit per Unit) has shown improvement, its fundamentals do not explain such massive gains.  Piper Sandler analyst Alexander Potter is bullish about CVNA stock. The analysts raised the price target on CVNA to $29 from $21 on July 5. However, his price target implies a downside potential of 18.47% from current levels. While CVNA’s financial performance has shown improvement, its high debt (total debt of $6.75 billion at the end of Q1) is driving enterprise value, noted  Needham analyst Chris Pierce. Last month, Pierce termed CVNA’s valuation generous amid a challenging industry backdrop and maintained a Hold rating.  CVNA stock has received two Buy, 12 Hold, and one Sell recommendations from top Wall Street analysts for a Hold consensus rating. At the same time, their average 12-month price target of $14.60 indicates 58.95% downside potential.   Is RKLB a Good Stock to Buy? Shares of aerospace company Rocket Lab have gained more than 63% so far this year. The growth reflects successful launches, increased launch bookings, higher pricing, the ability to increase sales, and lower costs. Despite the recent gains,  Bank of America Securities analyst Ronald Epstein sees further upside in RKLB stock. The analyst reiterated a Buy on Rocket Lab stock on July 11. Meanwhile, his price target of $14 indicates a solid upside potential of 126.54% from current levels. Cai von Rumohr of TD Cowen is also bullish about RKLB stock. On May 15, the analyst increased the price target on RKLB to $9.5 from $8, implying an upside potential of 53.72%. He expects Rocket Lab to benefit from “improving pricing power” due to the “shrinking group of credible small launch peers” and “its unique success rate.”  Overall, RKLB stock has two Buy and one Hold recommendations from top analysts, translating into a Moderate Buy consensus rating. Analysts’ average price target of $9.35 implies 51.29% upside potential. Disclosure

Japan's second-biggest steelmaker JFE Holdings Inc sees usage of technology known as 'Gigacasting' as a risk to the company's business as it could lead to reduction of steel usage, its President Koji Kakigi told reporters.

Tesla (NASDAQ:TSLA) is expected to publish its Q1 2023 earnings on July 19, reporting on a quarter that saw the company report a record number of deliveries. We expect Tesla’s revenues to come in at $24.7 billion, slightly ahead of consensus estimates. This would mark year-

Texas again deferred a vote on grants of federal funds to build electric vehicle chargers to Aug. 16 amid pushback from some charging companies over its plan to include Tesla's technology in charging stations, according to three sources.

Active ETFs, which currently represent less than 6% of total assets, have gathered over 20% of all net flows this year. This increasing investor interest in active strategies is driven by uncertain market conditions and the belief