Nasdaq TSLA Tesla

Tesla (TSLA) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.

The NASDAQ 100 Pre-Market Indicator is up 64.69 to 11,020.83. The total Pre-Market volume is currently 61,880,449 shares traded.The following are the most active stocks for the pre-market session: ProShares UltraPro QQQ (TQQQ) is +0.15 at $17.69, with 5,367,185 shares traded. Th

Mizuho Securities’ Vijay Rakesh believes that the high-interest rates and soaring energy prices will impact the affordability of cars and hurt the end market demand for vehicles in 2023. While the analyst sees slowing global auto sales, he expects EVs (Electric Vehicles) to continue to grow. He recommends a Buy on the shares of Tesla ( NASDAQ:TSLA ), Rivian Automotive ( NASDAQ:RIVN ), and Nio ( NYSE:NIO ).  Rakesh stated, “We believe global Auto sales are slowing, though production (LVP) is improving modestly as supply chain improve. The result is sliding auto prices and increasing dealership inventories. We also see interest rates trends impacting consumer demand near-term - a challenge for Auto and EV OEMs globally.”  Despite the challenges, Rakesh expects EV penetration to improve. This would support TSLA, RIVN, and NIO. However, he reduced his price target on these three stocks due to consumer headwinds.  While Rakes is bullish on these  EV stocks, let’s check how they stack up on TipRanks’ stock analysis tools.  Is TSLA a Buy or Sell? Supply shortages, increased competition, and the Twitter nightmare lowered Tesla stock. TSLA stock has lost about 64% of its value year-to-date. However, most Wall Street analysts maintain their bullish stance on TSLA stock.  On TipRanks, TSLA stock has received 19 Buy, 10 Hold, and two Sell recommendations for a Moderate Buy consensus rating. Furthermore, analysts’ average price target of $272.41 implies a stellar 117.32% upside potential.  It’s worth highlighting that hedge funds have bought the dip in TSLA stock. Our data shows that  hedge funds bought 1.1M TSLA stock last quarter. However, insiders, including its CEO,  Elon Musk,  sold TSLA stock. Overall, TSLA stock has a Neutral Smart Score of six.  What is the Prediction for RIVN Stock? Production challenges have weighed on Rivian stock. Like TSLA, analysts are cautiously optimistic about RIVN stock. It has received 12 Buy, four Hold, and two Sell recommendations for a Moderate Buy consensus rating.  Moreover, analysts’ average price target of $42.13 implies 113.53% upside potential. While Street is cautiously optimistic about RIVN,  hedge funds sold 442.1K shares in the last three months. Meanwhile, RIVN stock has an Underperform Smart Score of two on TipRanks.  Is NIO a Buy, Sell or Hold? Nio stock is down about 64% year-to-date. Despite the significant correction, NIO stock carries a Moderate Buy consensus rating on TipRanks. It has received eight Buy and four Hold recommendations. Moreover, analysts’ average price target of $16.31 implies an upside potential of 44.46%.  TipRanks’ data shows that hedge funds are optimistic about NIO and  acquired 536.5K shares last quarter. Also, Nio stock sports an Outperform Smart Score of  eight on TipRanks. Bottom Line   The significant decline in shares of these EVs makes them attractive. However, competitive and macro headwinds could pose challenges. While TSLA, RIVN, and NIO stock command a Moderate Buy consensus rating on TipRanks, only Nio has an Outperform Smart Score on TipRanks.  Disclosure

U.S. stock index futures inched higher on Friday as investors awaited fresh inflation data to assess the Federal Reserve's path of future interest rate hikes, with the central bank's policy tightening weighing heavily on equities this year.

Trillions of dollars wiped off world stocks, bond market tantrums, whip-sawing currency and commodities and the collapse of a few crypto empires - 2022 has been perhaps the most turbulent year investors have ever seen, and for good reason.

A look at the day ahead in European and global markets from Ankur Banerjee Ignoring a hawkish Fed, investors attempted the briefest of Santa rallies this week but revised U.S. GDP data and relatively low claims for unemployment benefits have brought back worries of higher-for-longer interest rates.

Tesla Chief Executive Officer Elon Musk said on Thursday he will not sell any more Tesla stock for about another two years.

Form Energy Inc, a startup hoping to make long-duration storage batteries from materials including iron to store power from renewable energy, will partner with West Virginia to build a manufacturing plant in the state, the company and politicians said on Thursday.

Wall Street's major averages closed lower on Thursday with technology-heavy Nasdaq's 2% drop leading losses as investors worried that data showing a resilient economy would lead the U.S. Federal Reserve to keep hiking interest rates for longer than feared.

Wall Street's major averages closed sharply lower on Thursday with the technology-heavy Nasdaq leading declines amid investor worries that data showing a resilient economy would lead the U.S. Federal Reserve to keep hiking interest rates for longer than feared.

Wall Street's three major averages tumbled on Thursday with the technology-heavy Nasdaq leading declines after data showing a resilient economy fueled worries that the Federal Reserve would stick to its aggressive tightening path for longer.

Twitter Inc has asked a federal judge in California to toss out a proposed class action claiming the mandate by CEO Elon Musk that employees return to the office and put in "long hours at high intensity" discriminates against workers with disabilities.

Tesla (NASDAQ: TSLA) has been a big drag on the Nasdaq Composite recently, with investors in the electric vehicle (EV) company having suffered losses of close to 70% from the stock's best levels of the past year. There have been plenty of factors affecting the electric vehicle pi

The National Highway Traffic Safety Administration (NHTSA) said on Thursday it has opened two new special investigations into crashes involving Tesla vehicles where advanced driver assistance systems are suspected to have been in use.

Twitter Inc has asked a federal judge in California to toss out a proposed class action claiming the mandate by CEO Elon Musk that employees return to the office and put in "long hours at high intensity" discriminates against workers with disabilities.

Tesla Inc TSLA.O shares are on track for their worst month ever as a sell-off deepened on Thursday over worries about softening demand for electric cars and Chief Executive Elon Musk's distraction with Twitter.

The National Highway Traffic Safety Administration (NHTSA) said on Thursday it has opened two new special investigations into crashes involving Tesla vehicles where advanced driver assistance systems are suspected of use.

The Nasdaq index tumbled nearly 3% on Thursday after a fresh batch of data showing a resilient economy fueled worries that the Federal Reserve would stick to its aggressive tightening path; with Micron's glum forecast adding to a downbeat mood.

Trillions of dollars wiped off world stocks, bond market tantrums, whip-sawing currency and commodities and the collapse of a few crypto empires - 2022 has been perhaps the most turbulent year investors have ever seen, and for good reason.