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Rivian Automotive Inc is betting it can keep prices high for its debut lines of electric pickup trucks and sport-utility vehicles even when competition swells, its CEO said, a bold move that may be necessary if the startup wants to make a profit.

The rise of ChatGPT and the surge of attention it has brought to artificial intelligence (AI) technology is close to unprecedented. After its public launch in November 2022, ChatGPTs' monthly active user base surged to 100 million in January. According to analysts at UBS, no othe

Shares in Australian-listed lithium miners jumped on Thursday after a $10.6 billion merger in the sector raised expectations for more consolidation among producers of the key metal in electric vehicle batteries.

Several growth stocks have recovered this year despite continued macro uncertainty. Many investors are looking beyond near-term pressures to focus on long-term growth potential. Also, expectations about the federal reserve halting interest rate hikes going forward bode well for growth stocks. Bearing that in mind, we used TipRanks’ Stock Comparison Tool to place Roku ( NASDAQ:ROKU ), Tesla ( NASDAQ:TSLA ), and Block ( NYSE:SQ ) against each other to pick the most compelling growth stock as per Wall Street experts.     Roku (NASDAQ:ROKU) Roku generates a significant portion of its revenue through advertising and content distribution services on its streaming platform. The company also sells streaming devices. Roku’s revenue grew 1% to $741 million in Q1 2023 and surpassed analysts’ estimates. It reported a lower-than-anticipated loss per share of $1.38, although losses widened considerably compared to $0.19 in the prior-year quarter.     The average revenue per user (ARPU) declined 5% year-over-year to $40.67. The company expects advertising spend to remain under pressure throughout this year due to macro challenges. Is Roku a Good Stock to Buy? Following the Q1 results in late April, Oppenheimer analyst Jason Helfstein maintained a Buy rating on Roku stock but lowered his price target to $75 from $85. Explaining his investment stance, the analyst stated that platform revenue has stabilized, with upcoming tailwinds from advertisers, agencies, retail media, and DSP integrations. Given headwinds from slowing ad spend by subscription video on demand (SVOD) providers and higher “scatter market exposure,” Helfstein expects Roku to be one of the first beneficiaries of any recovery in the ad market. Wall Street’s Moderate Buy consensus rating on Roku is based on 11 Buys, seven Holds, and three Sells. The average price target of $69.74 implies about 25% upside.   Tesla (NASDAQ:TSLA) Investors were unimpressed with Tesla’s first-quarter performance, as the company’s earnings declined due to the impact of price cuts on margins. The company also cited underutilization of new factories, higher raw material, commodity, logistics, and warranty costs, and lower revenue from environmental credits as the reasons for margin contraction. During the Q1 earnings call, CEO Elon Musk justified the company’s pricing strategy, saying that a focus on higher volumes and a larger fleet is the “right choice” than lower volumes and higher margins. Musk expects Tesla’s vehicles to generate significant profit over time through its autonomy feature. Following multiple price cuts, Tesla recently hiked the prices of several cars in the U.S., Canada, China, and Japan. Nonetheless, prices remain lower than the levels seen at the start of this year. Is Tesla a Buy, Hold, or Sell? Earlier this month, Piper Sandler analyst Alexander Potter lowered his price target to $280 from $300 but reiterated a Buy rating. The analyst reduced his 2023-2025 estimates to reflect price cuts and their impact on margins. While Potter agrees with management's view that margins will eventually rise due to software, he contends that this won't happen quickly enough to offset the near-term impact of lower prices, higher warranty costs, and slower inventory turnover. On the positive side, Potter thinks that the global average selling price (ASP) could fall by ~$125 per unit every quarter for the next two years without hurting margins due to production credits under the Inflation Reduction Act. Until margins and other fundamentals start improving, Potter believes that TSLA might struggle to “catch a bid.” Nevertheless, he remains bullish on the stock and expects investors to turn around in the second half of the year and beyond. Wall Street’s Moderate Buy consensus rating on Tesla is based on 15 Buys, 12 Holds, and four Sells. The average price target of $202.15 suggests nearly 20% upside. Block (NYSE:SQ) Shares of fintech Block declined sharply in March after short-seller Hindenburg Research accused the company of inflating the number of users on its Cash App system. The company shook off these concerns by reporting better-than-expected Q1 2023 results last week. Adjusted EPS jumped 122% to $0.40 in Q1 2023, driven by a 26% rise in revenue to about $5 billion and enhanced margins. Results gained from solid momentum in the company’s Cash App peer-to-peer ecosystem. Cash App’s gross profit increased 49% to $931 million. Meanwhile, Square, the company’s ecosystem focused on merchants, delivered a gross profit of $770 million, up 16% from the prior-year quarter. Based on the gross profit momentum in Q1, the company increased its full-year adjusted EBITDA outlook to $1.36 billion from the previous guidance of $1.30 billion.    What is the Price Target for SQ Stock? Following Block’s results, Needham analyst Mayank Tandon reiterated a Buy rating on the stock but lowered his price target to $80 from $95, given the lower market valuations for stocks in the payments space. The analyst highlighted that Q1 results beat expectations because the robust momentum in the Cash App business offset softer seller trends as volumes faded during the quarter. Tandon remains positive on Block based on the company’s focus on driving profitable long-term growth and an expanding product suite as payments continue to shift to digital channels. With 23 Buys and seven Holds, Square earns Wall Street’s Strong Buy consensus rating. At $91.19, the average price target suggests 58.5% upside. Conclusion Block shares have underperformed Tesla and Roku stocks so far this year. However, analysts are more bullish about Block and see higher upside potential in the stock compared to the other two growth stocks. Disclosure

On May 10, 2023 at 14:30:33 ET an unusually large $199,374.00K block of Put contracts in Tesla (TSLA) was bought, with a strike price of $450.00 / share, expiring in 254 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was

On May 10, 2023 at 15:20:37 ET an unusually large $191,983.01K block of Put contracts in Tesla (TSLA) was bought, with a strike price of $450.00 / share, expiring in 254 day(s) (on January 19, 2024). Fintel tracks all large options trades, and the premium spent on this trade was

Rivian Automotive Inc is betting it can keep prices high for its debut lines of electric pickup trucks and sport-utility vehicles even when competition swells, its CEO said, a bold move that may be necessary if the startup wants to make a profit.

Automakers including Volkswagen and General Motors could have considerable unused production capacity for conventionally powered vehicles in China by 2030 if they do not speed up their transition to electric vehicles (EV), Greenpeace said on Thursday.

Consumer stocks were mixed late Wednesday, with the Consumer Staples Select Sector SPDR Fund (XLP) edging down 0.1% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.6%.

Panasonic said on Wednesday that it will delay the commercial production of its 4680 battery cells championed by Tesla CEO Elon Musk and begin operations during the April to September period in 2024, later than previously scheduled, as the company aims to improve their performance.

Consumer stocks were lower Wednesday afternoon, with the Consumer Staples Select Sector SPDR Fund (XLP) dropping 0.8% and the Consumer Discretionary Select Sector SPDR Fund (XLY) down 0.5%.

Lucid's electric vehicles are often displayed prominently at public events and financial conferences in Saudi Arabia to symbolise its crown prince's multi-billion dollar "Vision 2030".

A Black former Tesla Inc factory worker has accused the electric automaker's lawyers of "egregious misconduct" after a jury awarded him $3.2 million in a race bias case, and asked for a third trial so he can seek more money.

By now, Rivian (NASDAQ: RIVN) investors understand the bargain they're making by betting on the upstart EV company.

Volkswagen defended its record in China and its decision to jointly own a plant in the Xinjiang region after activists and investors lashed out at the carmaker at a volatile annual general shareholder meeting on Wednesday.

Shares of Rivian Automotive Inc rose 11% on Wednesday as its positive earnings stood out in a poor quarter for electric-vehicle startups, but analysts warned that stiff competition will be a hurdle in its path to profitability.

Shares of Rivian Automotive Inc rose 7% on Wednesday as its positive earnings stood out in a poor quarter for electric-vehicle startups, but analysts warned that stiff competition will be a hurdle in its path to profitability.

Tesla (NASDAQ: TSLA) already stands as the clear leader in the electric vehicle (EV) market, and the company is taking steps to ensure that it has a front position in autonomous-driving technologies. On Monday, Tesla Chief Executive Officer Elon Musk published a post on Twitter,

The technology sector has a history of outperforming the rest of the stock market. Over the last five years -- amid the pandemic, supply chain issues, war in Europe, and a weak economy -- the Nasdaq-100 tech index has delivered a total return of 90%. That's significantly better t

Activists lashed out at Volkswagen at a shareholder meeting on Wednesday over the carmaker's controversial plant in Xinjiang, reflecting similar investor concerns over claims of human rights abuses in the region.