Nasdaq TSLA Tesla

Share prices of up-and-coming electric vehicle (EV) players, Lucid Group (NASDAQ: LCID) and Rivian Automotive (NASDAQ: RIVN) are climbing higher. As with most unprofitable growth stocks, one day's gain could be the next day's loss as short-term volatility is par for the course.

AutoZone (NYSE: AZO) hits a new high after an impressive first-quarter report. Intel (NASDAQ: INTC) announces it will spin off its self-driving car unit (Mobileye) in mid-2022 as a way to raise money. Motley Fool analyst Bill Mann looks at those stories as well as Buzzfeed's (NAS

When tallying up electric vehicle (EV) sales globally, China tops the list. In the first half of 2021, nearly 1.1 million EVs were sold in China -- more than 40% of the EV units sold worldwide during that period. Obviously, that has many leading automakers setting their sights on

Tesla Chief Executive Officer Elon Musk was named Time magazine's "Person of the Year" for 2021, a year that saw his electric car company become the most valuable carmaker in the world and his rocket company soar to the edge of space with an all-civilian crew.

According to a report published by electrek, Tesla, Inc. (TSLA) has stopped taking orders for Model S and Model X vehicles outside North America.

The company’s shares were trading up 0.6% at the time of writing in the pre-market trading session on Monday. The stock closed 1.3% higher on Friday.

Details

The update comes after an email was sent by Tesla to people who have ordered Model S and Model X vehicles in Europe.

The email said, “In order to expedite the delivery of existing orders, including your Model X order, as much as possible, we are currently no longer accepting new orders for the Model S and Model X from markets outside of North America...We currently expect shipments outside of North America to begin in the second half of 2022.” (See Insiders’ Hot Stocks on TipRanks)

Other Updates

The company stopped production of the Model S and Model X in January 2020 to update the vehicles. However, it kept taking new orders.

Meanwhile, production got delayed, and the new Model S was ready for delivery in June 2020, with the Model X ready in October 2020.

Wall Street’s Take

Last week, New Street analyst Pierre Ferragu maintained a Buy rating on the stock and raised the price target from $1,298 to $1,580 (55.4% upside potential).

In a note, Ferragu said, “Multiple strong catalysts in 2022 can drive shares higher in coming months. Those include an upside fourth quarter, strong production from Tesla’s Shanghai facility, new production capacity coming online in Germany and Texas, and new batteries for Tesla EVs.”

Overall, the stock has a Moderate Buy consensus rating based on 13 Buys, 6 Holds, and 6 Sells. The average Tesla price target of $982.96 implies 3.4% downside potential. Shares have gained 64.7% over the past six months.

Website Traffic

TipRanks’ Website Traffic Tool, which uses data from SEMrush Holdings (SEMR), the world’s biggest website usage monitoring service, offers insight into Tesla’s performance.

According to the tool, compared to the previous year, the company’s website traffic registered a 1.2% rise in global visits in November. Moreover, website traffic has increased 1.7% year-to-date against the same period last year.

Related News:
Centene Provides Outlook for 2022; Shares Jump
American Sports & Outdoors Delivers Robust Beat
T. Rowe Price’s AUM Decline in November; Shares Fall

Tesla Chief Executive Officer Elon Musk was named Time magazine's 2021 "Person of the Year" on Monday.

Roku's (NASDAQ: ROKU) stock soared nearly 150% in 2020 as it sold more streaming devices and ads on its software platform during the pandemic. But this year its stock fell more than 20% as it faced three daunting headwinds.

While Apple (NASDAQ: AAPL) currently holds the reigning title of the world's most valuable company with a market capitalization of nearly $2.7 trillion, could a company like Tesla (NASDAQ: TSLA) eventually catch up to the tech giant? In this segment of Backstage Pass, recorded on

California is expected to propose changes this week to a state policy that allows owners of private homes with solar panels to sell their excess energy into the electric grid at or near the retail rate.

Investors using the Robinhood Markets platform usually are on the hunt for stocks that will beat the rest of the market right now. Sometimes the most popular companies on Robinhood will indeed soar in the short term. But they don't necessarily make the best long-term bets.

California is expected to propose changes this week to a state policy that allows owners of private homes with solar panels to sell their excess energy into the electric grid at or near the retail rate.

Rivian (NASDAQ: RIVN) got loads of attention and interest after its recent IPO. And why not? The newly listed company has left the likes of Ford, General Motors, and Tesla behind in launching an all-electric pickup truck. It has also got more than 55,000 pre-orders for its pickup

Tesla (NASDAQ: TSLA) has taken a hit recently. The stock has slid 16% since the beginning of November, even as the S&P 500 rose more than 2% over that same timeframe.

Lucid Motors (NASDAQ: LCID), which went public a few months ago and just started delivering vehicles to customers, is a richly valued company. In this Fool Live video clip, recorded on Nov. 22, Fool.com contributors Jason Hall and John Rosevear discuss whether it could become a h

From January to November, 2.5 million electric vehicles (EVs) were sold in China, including plug-in hybrids. That's a year-over-year increase of 178%. In the first half of this year, China accounted for roughly 42% of global EV sales. Global EV sales for 2021 are estimated to be

While the broader market is dealing with its own wave of ups and downs, electric car stocks have been even more volatile. Luxury electric sedan maker Lucid Group (NASDAQ: LCID) has seen its stock price dip below $20 and surge past $60 a share within just a four-month time frame.

Axon (NASDAQ: AXON) CEO Patrick Smith shares some similarities to Tesla (NASDAQ: TSLA) founder Elon Musk, including his compensation package and business acumen, which have paid off for Smith and the company so far.

As if broader market volatility weren't enough, electric car stocks have seen their share prices whipsaw up and down as investors grapple with upside potential and valuation concerns. Few electric vehicle (EV) stocks embody EV euphoria better than Lucid Group (NASDAQ: LCID), whic

Tesla (NASDAQ: TSLA) has had a strong year so far, with its price surging by just over 50% since January. As a result of this growth streak, however, it's also one of the more expensive stocks, currently priced at just over $1,000 per share.

Becoming a millionaire retiree is the dream of many Americans, and with good reason. Who doesn't want the financial security that a seven-figure nest egg can provide? But figuring out a way to actually amass so much money can present challenges.