Nasdaq TSLA Tesla

Tesla's (NASDAQ: TSLA) latest price cuts come as the company grapples with headwinds while Elon Musk is distracted with his acquisition of Twitter. Investors are undoubtedly hoping for Musk to get his hands firmly on the wheel. Like the cars, Tesla the business is not fully auton

Tesla (NASDAQ: TSLA) delivered fewer vehicles in 2022 than its long-term growth target. That could be a significant risk for Tesla stock investors in 2023.

U.S. stock index futures were muted on Friday with all eyes on the jobs data due later in the day for further clues on how aggressive the Federal Reserve will be with its monetary policy tightening.

When Rivian Automotive (NASDAQ: RIVN) went public in November 2021, it claimed it could produce 50,000 electric vehicles (EVs) in 2022. But last March it halved that target to 25,000 amid persistent supply chain constraints.

For Immediate ReleaseChicago, IL – January 6, 2023 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured i

The prices of some Tesla models in South Korea were cut on Friday, a local Tesla sales official said on Friday.

South Korea's SK On plans to produce a new, lithium-iron-phosphate electric vehicle battery by 2025 as part of an effort to deliver lower-cost batteries to automakers squeezed by rising EV costs, a senior executive of the company said on Thursday.

Tesla cut prices for all versions of its Model 3 and Model Y vehicles in China by up to 13.5%, according to its Chinese website on Friday, after its December deliveries of China-made cars fell to the lowest point in five months.

Tesla cut prices for all versions of its Model 3 and Model Y vehicles in China, according to its Chinese website on Friday.

Stellantis NV on Thursday unveiled a prototype of an electric Ram pickup at the CES technology show, part of the effort by Chief Executive Carlos Tavares to show that the French-Italian automaker is catching up with Tesla Inc and other rivals.

Tesla TSLA shares undoubtedly jump to the forefront of many minds when considering exciting investments. After all, it’s easy to understand why, as the company has entirely changed the way we see the automotive landscape.

Wall Street's main indexes lost more than 1% on Thursday, with Nasdaq leading the declines, as evidence of a tight labor market eroded hopes that the Federal Reserve could pause its rating hiking cycle anytime soon as it keeps focused on inflation.

Chinese electric vehicle brand Zeekr aims to double sales in 2023 to about 140,000 vehicles and plans to expand sales in Europe, Chief Executive Andy An told Reuters on Thursday.

Wall Street's main indexes closed more than 1% lower on Thursday as fresh evidence of a tight labor market ate away at any hopes investors had that the Federal Reserve could pause its rating hiking cycle anytime soon as it keeps focused on inflation.

2023 kicked off where 2022 ended for Tesla ( NASDAQ:TSLA) stock – on the backfoot. The year began with more losses as 2023’s introductory session sent the shares down by 12% after the company posted disappointing 4Q22 delivery metrics. Despite announcing a record 1.31 million total deliveries for the year, the company only made 405,278 total deliveries in the quarter, falling well short of the 431,117 expected on Wall Street. All in all, deliveries climbed by 40% in 2022, also falling shy of the company’s 50% target. Even the two December price cuts for U.S. customers weren’t enticing enough, and the fact the company built around 440,000 units in the quarter might indicate an environment in which supply is now exceeding demand. While the update was nothing much to shout about, Goldman Sachs’ Mark Delaney continues to see Tesla as "well positioned for long-term growth given its position as a cost and full solution leader in clean mobility/EVs." The main points of discussion going forward, says Delaney, will be whether or not vehicle deliveries can pick up again (Delaney anticipates that they will, especially starting in 2Q23), margins (and how much lower costs can “offset” lower prices), and Tesla's brand (and how strongly it is linked to its position as the industry leader in clean mobility/EVs). “All three of these issues will be important to monitor,” the analyst noted. Given the 4Q delivery data suggests “weaker near-term demand” than previously anticipated, Delaney has lowered his 2023 delivery estimate from 1.85 million to 1.8 million. That said, the analyst notes the “potential for the China market to strengthen over the course of 2023 and new credits like the IRA should be a positive.” All told, Delaney rates TSLA shares a Buy backed by a $205 price target. The implication for investors? Upside of ~85% from current levels. (To watch Delaney’s track record, click here ) Amongst Delaney's colleagues, current support for Tesla is decent but not conclusive. Based on 20 Buys, vs. 10 Holds and 2 Sells, the stock has a Moderate Buy consensus rating. The average price target stands at $256.67, suggesting one-year gains of ~132%. ( See Tesla stock forecast on TipRanks) To find good ideas for stocks trading at attractive valuations, visit TipRanks’  Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

Wall Street's main indexes were in the red on Thursday as fresh evidence of a tight labor market and hawkish comments from policymakers deepened fears of elevated interest rates for longer than expected.

The Invesco PureBeta MSCI USA ETF is seeing unusually high volume in afternoon trading Thursday, with over 93,000 shares traded versus three month average volume of about 28,000. Shares of PBUS were down about 1% on the day.

What happened Shares of electric vehicle (EV) makers have been dropping sharply Thursday. Early-stage companies like Rivian Automotive (NASDAQ: RIVN), Lucid Group (NASDAQ: LCID), and Canoo (NASDAQ: GOEV) took some of the biggest hits, dropping by between about 5% and 8% at their

What started out as a novelty offered by Elon Musk to Tesla owners has turned into table stakes in the next generation of electric vehicles.

Wall Street's main indexes fell sharply on Thursday as fresh evidence of a tight labor market and hawkish comments from policymakers deepened fears of elevated interest rates for longer than expected.