Nasdaq TSLA Tesla

Warren Buffett and electric vehicles (EVs) aren't typically discussed in the same sentence, but if you look at Berkshire Hathaway's (NYSE: BRK.A) (NYSE: BRK.B) portfolio, it's evident he's interested. The 10th-largest position in Berkshire's portfolio is BYD (OTC: BYDDY), a Chine

Tesla’s ( NASDAQ:TSLA ) first-quarter deliveries failed to impress investors and pulled down the stock by 6% on Monday. Nonetheless, shares of the Elon Musk-led electric vehicle (EV) maker have rallied 58% since the start of the year. While several Wall Street analysts remain bullish on Tesla, some are concerned about the impact of price wars on margins, the effect of macro woes on EV demand, and Musk’s Twitter, Dogecoin ( DOGE-USD ), and other distractions. Wall Street’s Mixed Reaction to Tesla’s Q1 Update Tesla’s Q1 2023 deliveries came in at 422,875, up 36% year-over-year and 4% sequentially. The company produced 440,808 vehicles in the quarter. Analysts had mixed reactions to Tesla’s Q1 numbers. Morgan Stanley analyst Adam Jonas reiterated a Buy rating on Tesla with a price target of $220. Jonas feels that the company’s capacity ramp-up at Austin, Fremont, Berlin, and Shanghai facilities could boost deliveries. Nonetheless, Jonas feels that more price cuts might be needed to achieve the higher end of consensus volume expectations, given the “slowing economic environment, increased pressure on financial institutions' willingness to lend, and competition (BYD and others).” Like Jonas, Bernstein analyst Toni Sacconaghi also thinks that further price cuts are required for Tesla to hit volume targets. However, Sacconaghi, who has a Sell rating on Tesla with a price target of $150, feels that price cuts might incrementally pressure margins. Meanwhile, Bank of America analyst John Murphy noted that Tesla's Q1 deliveries missed his estimate of a 40% year-over-year growth and were “well below” the implied 42% growth rate for 2023 based on the company's 1.8 million units guidance. Further, he highlighted that Q1 numbers were also “well below the long-term mantra” of 50% year-over-year growth. Murphy also believes that Tesla’s Q1 update led to “many questions about potential growth,” including concerns about a possible saturation in key markets like the U.S. and China. This implies that near-term growth will depend more on expansion in Europe and other markets. Murphy reiterated a Hold rating on the stock with a price target of $225. Musk’s Distractions and Other Matters Investors have been concerned that Musk’s distractions, mainly the Twitter acquisition, could be an overhang on Tesla shares. Musk continues to be in the news constantly, sometimes at the cost of Tesla stock. On Monday, meme coin Dogecoin spiked over 30% after Musk changed Twitter’s blue bird icon with an image of a Shiba Inu, which is the mascot of the digital currency. Last week, attorneys for Twitter and Musk asked a federal judge to throw out a $258 billion lawsuit that accused the billionaire of manipulating Dogecoin’s price. Note that in December 2021, Musk announced that Tesla would accept Dogecoin for some merchandise. Additionally, lawsuits against Musk and Tesla also continue to bother investors. On Monday, a jury ordered Tesla to pay over $3.2 million in a racial harassment litigation. This fine is a fraction of the initial penalty amount of $137 million.    Is Tesla a Buy, Hold, or Sell? Wall Street is cautiously optimistic about Tesla, with a Moderate Buy consensus rating based on 20 Buys, 10 Holds, and three Sells. The average price target of $218.50 suggests upside of 12.2%. Conclusion Tesla shares have jumped significantly this year despite persistent macro challenges, price cuts amid growing competition in the EV space, and Musk’s shenanigans. While many analysts remain bullish about the long-term potential of Tesla in the EV space, others are concerned about demand and margin pressures due to growing competition. Disclosure

Last week, key electric vehicle (EV) players, including EV king Tesla TSLA and China-based EV makers NIO Inc. NIO, XPeng Inc. XPEV and Li Auto LI released first-quarter 2023 vehicle sales data. Apart from XPeng, Li, NIO and TSLA witnessed delivery growth on a yearly basis

Electric-car maker Tesla (NASDAQ: TSLA) announced some impressive vehicle delivery numbers over the weekend. Deliveries soared 36% year over year. Not only is this impressive in its own right, considering the uncertain and challenging operating environment, but it notably marks a

Wall Street's main indexes were muted on Tuesday as investors awaited key economic data that could decide the U.S. Federal Reserve's monetary tightening path, with gains in shares of Tesla capping losses on the S&P 500 and the Nasdaq.

The electric vehicle heavyweight champion of the world, Tesla (NASDAQ: TSLA), has several contenders looking to take its belt. Is Nio (NYSE: NIO) the "Tesla Hunter" or simply Glass Joe from Punch-Out!!? Watch the below video for detailed stock analysis on both companies, side-by-

Tesla Inc.’s (TSLA) shares plummeted 6.1% after reporting first-quarter 2023 EV sales of 422,875, missing the mean estimate of 432,000.UBS Group AG’s (UBS) shares tumbled 3% following news that Switzerland’s federal prosecutor opened an investigation regarding its takeove

Consumer stocks were edging up in pre-bell activity Tuesday, with the SPDR Consumer Staples Select Sector ETF (XLP) ticking up 0.1%, and the SPDR Consumer Discretionary Select Stock ETF (XLY) rising 0.2%.

The S&P 500 notched a first-quarter gain of 6.77%. Impressive to be sure, but that trails, by a wide margin, the more than 20% returned in the first three months of 2023 by the Nasdaq-100 Index (NDX). That means exchange traded funds such as the Invesco QQQ Trust (QQQ) and the Invesco NASDAQ 100 ETF (QQQM) [...] Read more at ETFtrends.com.

Wall Street's main indexes were set to open higher on Tuesday on gains in technology and growth stocks, while investors awaited key economic data that could decide the U.S. Federal Reserve's monetary tightening path.

The NASDAQ 100 Pre-Market Indicator is up 40.02 to 13,188.37. The total Pre-Market volume is currently 41,674,985 shares traded.The following are the most active stocks for the pre-market session: AMC Entertainment Holdings, Inc. (AMC) is -1.29 at $3.82, with 8,744,749 shares tr

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

Tesla (NASDAQ: TSLA) delivered 422,875 vehicles in the first quarter of 2022, but is that good or bad? It depends on how you look at it, but there's another key number that Travis Hoium digs into in this video, and that's inventory. There's a much more concerning picture emerging

U.S. stock index futures edged higher on Tuesday on gains in technology and growth stocks, while investors awaited key economic data that could decide the Federal Reserve's monetary tightening path.

Make way; the technology bulls are charging again! Already up more than 20% this year, the global information technology sector is leading the market higher in 2023. Signs of bank stabilization and muted inflation data helped U.S. stocks end the first quarter on a high note Frid

Calls to pause the development of artificial intelligence will not “solve the challenges” ahead, Microsoft co-founder Bill Gates told Reuters, his first public comments since an open letter sparked a debate about the future of the technology.

U.S. stock index futures edged higher on Tuesday as some technology and growth stocks rebounded from a selloff in the previous session, while investors awaited key economic data that could determine the Federal Reserve's monetary tightening path.

Relatively calm world markets have brushed off OPEC's latest twist and focussed more squarely on stalled global manufacturing and edgy U.S.-China relations.

For most investors, 2022 was a challenging year. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all entered bear markets and fell for the year by 9%, 19%, and 33%, respectively.

Tesla sold 88,869 units of China-made electric vehicles (EV) in March for both domestic sales and exports, up 35.0% from a year ago, data published by the China Passenger Car Association (CPCA) showed on Tuesday.