Which Companies are Leading the Charge in Electric Vehicle Trucking?
Quick googling of “companies electric vehicles” and we see no shortage of companies that are attacking the EV passenger car market opportunity, but what about the EV truck one?
Nasdaq TSLA Tesla
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Tesla Can Be Tricked to Drive in Autopilot with an Empty Driver's Seat, Says Consumer Reports
Consumer Reports reported Thursday that its engineers "easily tricked" a Tesla (NASDAQ: TSLA) Model Y into driving on Autopilot, without an operator behind the wheel. The driver assistance feature enables to car to steer, accelerate, and brake automatically, while staying within
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A meme is a funny video or image, often creatively altered, that spreads rapidly on the internet. A popular meme in 2013 was that of a Shiba Inu dog that couldn't spell. It was referred to as a "doge" (pronounced dohj). As Bitcoin gained in popularity that year, two friends decid
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EXCLUSIVE-Baidu's Jidu Auto to invest $7.7 bln in 'robot' smart cars
Jidu Auto, an electric vehicle venture between China's tech giant Baidu and Chinese automaker Geely, aims to plough 50 billion yuan ($7.7 billion) into producing smart cars over the next five years, its chief executive told Reuters.
Panasonic to buy U.S. supply-chain software firm Blue Yonder for $7.1 bln
In its biggest acquisition in a decade, Panasonic Corp on Friday said it will buy U.S. supply-chain software company Blue Yonder in a deal worth $7.1 billion, to tap growing demand from companies as the COVID pandemic tests their resilience to disruption.
Tesla’s Solar Panels To Be Sold Exclusively With Powerwall Battery – Report
Tesla's CEO Elon Musk has confirmed the bundling of solar panels and solar roofs with the Powerwall home battery in a series of tweets. According to a Bloomberg report, any solar power generated from these panels will feed directly into Powerwall. The Powerwall will act as a backup during utility dropouts when interfacing between the utility meter and the main breaker panel.
A move to bundle the solar products together affirms Tesla's (TSLA) push to convince investors of its prospects in the residential energy technology sector.
Tesla has been making inroads into the energy sector. According to a Bloomberg report, in 2015, Tesla completed the acquisition of SolarCity. With the purchase, it became a key player in the solar panel installation business. While the company has made several changes and upgraded its solar roof, it is yet to be a big player in the market, according to Bloomberg.com.
After a blockbuster 2020, Tesla shares are up 5.4% year to date. (See Tesla stock analysis on TipRanks)
Awaiting Tesla 1Q 2021 financial results, Mizuho Securities' Vijay Rakesh maintains a Buy rating on the stock. According to Rakesh, the company is well-positioned to be a leader in the EV market with improving battery technology.
“In addition, TSLA could also gain significant share in the solar and energy storage backup generation market, driving further revenue and improved profitability with technology synergies shared between EV and Energy Storage segments,” wrote Rakesh in a research note to investors.
Rakesh has an $820 price target on Tesla stock, implying 13.94% upside potential to current levels.
Consensus among analysts is a Hold for TSLA, based on 11 Buy, 8 Hold, and 7 Sell ratings. The average analyst price target of $703.13 implies a downside potential of about 5.3% to current levels.
TSLA scores a 2 out of 10 on TipRanks’ Smart Score rating tool, indicating the stock is likely to underperform the overall market.
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NASA and commercial rocket company SpaceX were due to launch a new four-astronaut team to the International Space Station early on Friday in what would be the first crew propelled into orbit by a rocket booster recycled from a previous spaceflight.
EXCLUSIVE-Baidu's auto venture to invest $7.7 bln into smart cars over next five years-CEO
Jidu Auto, the electric vehicle venture between China's tech giant Baidu and Chinese automaker Geely , aims to pour 50 billion yuan ($7.70 billion) into making smart cars over the next five years, Jidu's chief executive told Reuters on Friday.
Biden tax fears leave Bitcoin, Ether groggy
Cryptocurrency Ether pulled back sharply from a record high and rival Bitcoin also fell on Friday amid speculation that U.S. President Joe Biden's plan to raise capital gains taxes will curb investment in digital assets.
White House touts EVs, but not backing gasoline-powered phase-out date
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Technology, high-growth stocks could lose out from Biden's capital gains tax plan
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ANALYSIS-Tesla's bad week in China was months in the making
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An Investor's Look at the Electric Vehicle Charging Industry
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Tesla CEO Musk puts $100 mln jolt into quest for carbon removal
Billionaire entrepreneur Elon Musk on Thursday offered inventors $100 million in prize money to develop ways to fight global warming by removing carbon dioxide from the atmosphere or ocean.
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