Nasdaq TSLA Tesla

Volkswagen Chief Executive Oliver Blume is reviewing plans to build its planned Trinity electric vehicles (EV) factory, a source told Reuters on Thursday after Manager Magazine reported he wanted to ditch the proposals.

Tesla’s ( TSLA ) ascent to ‘tera-cap’ status has been built on several factors. Supported by a favorable economic backdrop, investors could see the company’s core EV and energy storage businesses as built to ride - or indeed, lead – a rising secular trend. Then, of course, at the front of it all stands Elon Musk, the headline hogging Super-CEO to whom the rules of normal business behavior do not apply. But times have changed, as noted by Morgan Stanley’s Adam Jonas. “Tesla shares are currently in the throes of bearish sentiment momentum. Investors appear increasingly concerned over the potential for effects on consumer sentiment that could impact Tesla’s business near term,” the analyst said. Aside from the precarious economic uncertainty engulfing the global markets, there are more Tesla-specific issues on investors’ minds. The most obvious is that Musk is a controversy magnet, a trait only exacerbated by the dubious goings on at his newly-owned Twitter, which in a rather understated way, Jonas says could “affect some consumers’ sentiment regarding Tesla.” The ongoing controversies could also drive away potential commercial partners. Not to mention, the company needs to stay on good terms with the US and Chinese governments as the “industrialization of renewable ecosystems and on-shore battery development requires close cooperation with sovereign entities.” Add up all this bearish sentiment, in addition to anticipated price cuts to Tesla’s vehicle line up and the shares could be pushed toward Jonas’s "$150 bear case” before the end of the year. However, this is where Jonas dons his Tesla bull outfit, noting that such a scenario could present a “window of opportunity opening for prospective Tesla investors.” “Tesla shares would trade at approximately 12.5x EV/EBITDA and 23x PE on our FY25 forecast (SBC burdened) which we see as excellent value for a self-funded, 20 to 30% top-line grower in top position to benefit from re-architecting the US on-shore/near-shore/friend-shore renewable supply chain at scale,” the analyst explained. To this end, Jonas sticks with an Overweight (i.e., Buy) rating backed by a $330 price target. Should the figure be met, investors will be pocketing returns of ~77% a year from now. (To watch Jonas’s track record, click here ) Among the analyst community, the majority are on Morgan Stanley's side. Factoring in 19 Buys, 7 Holds and 3 Sells, the EV giant has a Moderate Buy consensus rating. The average target remains a positive one; at $308.94, the figure makes room for 12-monht gains of ~65%. ( See Tesla stock forecast on TipRanks) To find good ideas for EV 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.

James Murdoch, a Tesla Inc director, testified in court on Wednesday that CEO Elon Musk has in the last few months identified someone as a potential successor to head the electric carmaker.

(RTTNews) - Elon Musk told the court on Wednesday that he did not want to be the CEO of any company. He has recently taken over and appointed himself the CEO of social media platform Twitter, along with his responsibilities as the CEO of electric vehicle maker Tesla and CEO and C

Electric vehicle company Tesla (NASDAQ: TSLA) is known for delivering high-flying returns to investors over the past few years, as it has grown to become the largest player in the industry. But the stock has lost its shine in 2022, shedding 52% of its value year to date.

Elon Musk said on Wednesday he expected to reduce his time at Twitter and eventually find a new leader to run the social media company, adding that he hoped to complete an organizational restructuring this week.

Electric vehicles (EVs) and full-size pickup trucks were the two most problematic categories in terms of reliability, Consumer Reports magazine's annual reliability survey showed on Tuesday, as Asian brands once again dominated overall rankings.

Sometimes, bold contrarian calls can be more bold than profitable, but when an active manager gets it right, the results can really pay off. One such success story lies with the FCF US Quality ETF (TTAC).  Step back to 2021, the days when the bull market seemed like it could run forever, and the tech giants [...] Read more at ETFtrends.com.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the Vanguard S&P 500 ETF (Symbol: VOO) where we have detected an approximate $3.7 billion dollar inflow -- that's a 1.4% increase week over week in

Elon Musk sent a message to Twitter Inc staff telling them they had until Thursday to decide whether they wanted to stay on at the company to work "long hours at high intensity" or take a severance package of three months pay.

Elon Musk, known for his combative testimony, arrived at a Delaware court on Wednesday to defend against claims that his $56 billion Tesla Inc pay package was based on easy to achieve performance targets and influence with the board of directors.

Mercedes-Benz said it had cut prices on some of its EQE and EQS models in China due to changing market demand for top-end electric vehicles (EVs), triggering a 6.7% fall in the premium carmaker's share price on Wednesday.

Over the last three months, Tesla (NASDAQ: TSLA) shares have lost about a third of their value. Year to date, they are down more than 40%. The pullback in the stock price likely has a lot of investors wondering if now is a good time to buy the electric-car maker's stock. After al

Mercedes-Benz said it had cut prices on some of its EQE and EQS models in China from Wednesday, citing changing market demand for top-end electric vehicles.

Elon Musk, known for his combative testimony, is set to take the stand in a Delaware court on Wednesday to defend against claims that his $56 billion Tesla Inc pay package was based on easy to achieve performance targets and influence with the board of directors.

Clichés usually don't become clichés unless they're good enough to be repeated a lot. I think a great example of this is hockey legend Wayne Gretzky's quote, "I skate to where the puck is going to be, not where it has been."

In 2018, Elon Musk was working through the night and sleeping at Tesla Inc's factories in California and Nevada as the company struggled to ramp up production of the Model 3.

In 2018, Elon Musk was working through the night and sleeping at Tesla Inc's factories in California and Nevada as the company struggled to ramp up production of the Model 3.

Toyota Motor Corp rolled out a 2-litre plug-in version of its Prius on Wednesday, in an attempt to reboot the 25-year-old hybrid that was once at the cutting edge of low-emissions technology and appeal more widely to cost-conscious drivers.

Tesla Inc told U.S. auto safety regulators it has reports of two new crash fatalities in Model 3 cars tied to advanced driver assistance systems in the month ending October 15, data released Tuesday by the government shows.