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Nasdaq TSLA Tesla

How and Why You Should Invest in Lemonade Stock

5 years 9 months ago
Lemonade (NYSE: LMND) was one of the hottest IPOs of 2020, and its run is spilling over into 2021. Shares are up some 150% since the stock's first day of trading last July, and this small insurance technology company's market cap has surged to about $10 billion. Given that Lemona
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3 Popular Stocks I Wouldn't Buy With Free Money

5 years 9 months ago
Following the most breakneck bear market in history during the first quarter of 2020, the broader market has spent most of the past 9 1/2 months in all-out rally mode. Tech, healthcare, and pretty much anything perceived as innovative or high growth have been off to the races in
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Tesla Asked To Recall 158,000 Vehicles Due To Safety Concern; Shares Drop

5 years 9 months ago

The US National Highway Traffic Safety Administration (NHTSA) urged Tesla to recall around 158,000 vehicles over safety concerns. Shares declined 1.3% in Wednesday's after-market trading.

Tesla’s (TSLA) vehicles that have been asked to recall involve 2012-2018 Model S and 2016-2018 Model X. The US car-safety regulator stated that its Office of Defects Investigation unit has detected a media control unit failure leading to the vehicles' rearview camera and touchscreen displays not working.

The NHTSA has asked the electric vehicle maker to respond to the recall request by Jan. 27. Failure to do so will attract civil penalties. (See TSLA stock analysis on TipRanks)

On Jan. 13, Edward Jones analyst Jeff Windau initiated coverage on Tesla with a Hold rating. Although Windau views TSLA as a market leader in the electric vehicle space, he also sees the company facing incremental competition.

The rest of the Street is sidelined on the stock. The Hold analyst consensus shows 14 Holds, 7 Buys, and 6 Sells. The average price target of $534.63 implies downside potential of 37.4%. Shares have rallied by about 714% over the past year.

Meanwhile, TipRanks' Hedge Fund Trading Activity tool shows that confidence in Tesla is currently Very Positive as 15 hedge funds increased their cumulative holdings in TSLA by 228.8K shares in the last quarter.

Related News:
GM To Roll Out EV Delivery Vehicles Under BrightDrop Unit; Shares Climb 4%
Tesla Surges to Record Putting Elon Musk Ahead Of Jeff Bezos As the World’s Richest Person – Report
Volkswagen Sales Drop But Demand For EVs Jumps

TipRanks

Are These The Best EV Stocks To Buy This Year? 3 Names To Know

5 years 9 months ago
Should You Consider These Top EV Stocks Right Now For Your Long-Term Portfolio?Electric vehicle (EV) stocks have been on a hot streak in recent times. They have enjoyed explosive growth last year in the stock market as we see their evaluations shot up amidst the global uncertaint
StockMarket.com

Why Churchill Capital IV Jumped Another 18% Today

5 years 9 months ago
What happenedShares of Churchill Capital IV (NYSE: CCIV.U) have surged this week as rumors swirled that the special purpose acquisition company (SPAC) is in talks to merge with luxury electric vehicle (EV) maker Lucid Motors.
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Here Are My 3 Investing Resolutions for 2021

5 years 9 months ago
In 2020, multiple investing strategies seemed to work when it came to getting strong results. The volatility created by the coronavirus pandemic led to big opportunities for investors with available capital. It also created some volatile swings in stock prices that weren't entire
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3 Top Automotive Retailer Stocks To Watch Right Now

5 years 9 months ago
Should Investors Buy These Automotive Retailer Stocks Now?Automotive retailer stocks took investors on a great ride for the second half of 2020. If you were waiting for bigger dips in used car prices amid the coronavirus pandemic, chances are that you have already missed the boat
StockMarket.com

Tesla Stock: Buy, Sell, or Hold at $850?

5 years 9 months ago
Tesla (NASDAQ: TSLA) shares seem to be hitting new highs on a weekly basis over the past year. While this is great for shareholders, it creates an ever-evolving dilemma: Are shares worth their swelling price tag?For a while, my take on Tesla stock was to hold, despite its soaring
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Tesla Registers Its Indian Entity

5 years 9 months ago
(RTTNews) - Electric car major Tesla Motors has entered into the Indian automobile market by incorporating its registered office under the name "Tesla India Motors and Energy Pvt. Ltd." in the southern city of Bengaluru in the state of Karnataka.According to a Registrar of Compan
RTTNews

Here's Why General Motors Is the Only EV Stock I'll Buy

5 years 9 months ago
When you think of the best electric vehicle stocks, General Motors (NYSE: GM) is probably not the first one to come to mind. But don't be so quick to count it out. From its brand loyalty to its autonomous EV potential, General Motors could be a very different company a decade fro
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