Ford Motor (NYSE: F) often takes the backseat to larger rivals like Tesla and General Motors, which dramatically exceed their sales volumes and market caps. The company's stock has also historically been a somewhat lackluster investment, with its price barely budging over the las
For both new and tenured investors, it's easy to be overwhelmed by the number of data releases that drive trading activity in the stock market. A seemingly never-ending sea of earnings releases and economic data can allow an important data release to slip through the cracks.
Tesla, Inc. TSLA, at its recently held annual shareholder meeting, announced that it is geared to deliver its most-awaited first Cybertruck this year. Per Tesla’s CEO, Elon Musk, as soon as the truck enters the production stage, the auto giant will deliver around 250,000
A lack of resources means battery electric vehicles (BEV) cannot be the auto sector's only answer to climate change, Toyota Motor Corp's top scientist said Thursday, warning that focusing on BEVs could lead some drivers to hold onto polluting vehicles.
JPMorgan Chase & Co is seeking documents from Manhattan District Attorney Alvin Bragg as part of a lawsuit against the bank by women who say they were abused by the late financier Jeffrey Epstein, court records showed on Thursday.
Manhattan District Attorney Alvin Bragg took part in a telephone conference in a lawsuit against JPMorgan Chase & Co by women who say they were abused by the late financier Jeffrey Epstein, federal court records showed on Thursday.
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
There's no denying that Tesla (NASDAQ: TSLA) gets exhaustive coverage in the financial and industry media. But CEO Elon Musk still thinks there's one area where his company isn't fully understood.
With Elon Musk outlining plans for Tesla Inc to use traditional advertising for the first time, viewers might see the electric-vehicle maker's Model Y crossover or upcoming Cybertruck pickup - maybe even the billionaire CEO himself - on TV or online.
Japan's Panasonic Holdings Corp aims to ramp up its production capacity for 4680 battery cells by 2030 by building two or more new factories in North America, it said on Thursday, as it seeks to supply the growing electric vehicle (EV) market.
Tesla Inc asked how it could take part in domestic incentives in India related to car and battery manufacturing when it held discussions with government officials this week, a source with direct knowledge of the talks told Reuters.
Panasonic aims to roll out new large-scale production capacity for 4680 battery cells in North America by 2030, it said in materials posted on its holdings company's website on Thursday.
U.S. President Joe Biden's Inflation Reduction Act (IRA), cheered by some Democrats and the White House as a milestone in the fight against climate change, has also rankled foreign allies and global companies with its economic protectionism and prompted a new subsidy race with Europe.
Deutsche Bank AG has agreed to pay $75 million to settle a proposed class-action lawsuit alleging the lender facilitated the late Jeffrey Epstein's sex-trafficking ring, the Wall Street Journal reported on Wednesday, citing lawyers who sued the bank on behalf of alleged victims.
Australians are starting to buy electric vehicles in large numbers, and the government is trying to accelerate the adoption of cleaner cars, but industry executives say installing chargers rapidly enough to meet the boom will not be easy.
Tesla (
NASDAQ:TSLA
) stock has been heavy and choppy lately, but investors should prepare for much more bullish price action (potentially). I am bullish on TSLA stock because Tesla CEO
Elon Musk can finally refocus his attention back on the disruptive automotive business that made him the world's richest man.
Tesla is a famous manufacturer of
electric vehicles (EVs). Musk, meanwhile, is a love-him-or-hate-him kind of corporate leader. If you read the sensationalist headlines, you might assume that Musk is mired in one distasteful scandal after another.
Yet, you might miss the more important developments, including Tesla's global expansion plans -- or maybe I should call it Tesla's global takeover plans. Even if Musk is unpredictable, his vision is undeniable, and his company looks unstoppable.
Musk Finally Moves Beyond the Twitter Distraction
In a time of high inflation and fierce competition in the EV space, it's understandable that Tesla's stakeholders want assurance that Musk is committed to the automaker that he founded so many years ago. At the very least, they can rest assured that the CEO won't be overly distracted by the day-to-day concerns of running a social media platform.
In case you didn't get the memo, Musk stepped down as CEO of Twitter and appointed NBCUniversal executive Linda Yaccarino as his replacement in that role. Oddly enough, TSLA stock fell after this news was released to the public.
Clear-minded commentators were bullish on this development, however. For instance, Gene Munster, managing partner at Deepwater Asset Management, assessed that Musk's departure from Twitter's CEO position is "a fractional positive for Tesla shareholders because he will likely spend a little bit more time on Tesla."
In a similar vein, Hargreaves Lansdown analyst Sophie Lund-Yates expects Tesla's investors to probably (though perhaps not immediately) "celebrate this move... with Musk's very hands-on approach at Twitter leading to concerns he had taken his eye off the ball at this EV giant."
Frankly, I'm surprised that TSLA didn't rally on this development. In my corner (or am I in his corner?) is Wedbush analyst
Daniel Ives, who seems
glad to see Musk's Twitter “overhang” out of the way now. Ives, by the way, assigned an Outperform (i.e., Buy) rating and an ambitious $215 price target to Tesla stock.
Tesla is Expanding Internationally
Just as Musk (hopefully) won't be distracted by Twitter too much anymore, investors shouldn't be distracted by some of the daily headlines involving Tesla. Instead, I invite you to be more of a big-picture thinker and to focus on Tesla's rapid international expansion plans.
We can start our virtual itinerary in China, where Tesla is seeking regulatory clearance to
boost output at the automaker's Shanghai Unit. In addition, Tesla's looking to produce pouch-battery cells on a massive scale in China. There, a "trial production line" for Tesla's proposed pouch-type battery cells "would have initial annual capacity to make 20,000-amp-hours of cells,"
Reuters reports.
Now, let's head over to India, where some of Tesla's senior executives reportedly plan to meet with the nation's government officials.
Bloomberg reports that they'll be busy discussing "local sourcing of components for Tesla’s models," but I suspect that the Tesla execs will have more than manufacturing on their minds. Don't be too surprised if Musk's team works hard to curry favor with India's top officials, as the densely populated emerging nation could someday represent a vast source of clean-energy vehicle sales and profits.
Finally, we can make a stopover in France, where Musk evidently
intends to make "significant investments." The friendly feelings appear to be mutual, with
Bloomberg reporting that French President Emmanuel Macron "sought to persuade Elon Musk... that France is a leading hub for foreign investments and electric cars." It's no secret that France is receptive to clean-energy initiatives, so Tesla may be able to position itself as a welcome infiltrator among EV giants there.
Is TSLA Stock a Buy, According to Analysts?
Turning to Wall Street, TSLA stock is a Moderate Buy based on 15 Buys, 11 Holds, and four Sell ratings. The average
Tesla stock price target is $202.84, implying 16.7% upside potential.
If you’re wondering which analyst you should follow if you want to buy and sell TSLA stock, the most profitable analyst covering the stock (on a one-year timeframe) is
Alexander Potter of Piper Sandler, with an average return of 110.04% per rating and a 57% success rate. See below.
Conclusion: Should You Consider TSLA Stock?
There's actually a lot happening with Tesla now, and it's not all related to Musk's latest personal scandals. Going forward, Tesla stock traders should keep their eyes on the prize and separate the news from the noise and nonsense.
Besides, if
TSLA stock irrationally went down after Musk appointed a new leader for Twitter, then that's really just a buying opportunity, in my opinion. So, consider participating in Tesla's global takeover -- spearheaded by a CEO that will, I hope, be more focused today than he was in 2022.
Disclosure
What happened
Wednesday was a generally good day for electric vehicle (EV) makers, on the back of pronouncements from its most high-profile executive. Happily for EV maker Canoo (NASDAQ: GOEV), this came just after the company reported an encouraging set of quarterly results. Inv
With Elon Musk outlining plans for Tesla Inc to use traditional advertising for the first time, viewers might see the electric-vehicle maker's Model Y crossover or upcoming Cybertruck pickup - maybe even the billionaire CEO himself - on TV or online.
U.S. stocks rose sharply on Wednesday, fueled by optimism over a potential deal on the $31.4 trillion federal debt ceiling and as a rebound in regional bank shares eased concerns about an escalation in the sector's troubles.
U.S. stocks rose sharply on Wednesday, fueled by optimism over a potential deal on the $31.4 trillion debt ceiling and as a rebound in regional bank shares eased concerns about an escalation in the sector's troubles.