Whatever you think about Tesla (NASDAQ: TSLA), there's no question that the electric vehicle (EV) pioneer has enjoyed a remarkable year. Its shares have skyrocketed more than 660%. The company generated record revenue and profits. Tesla was even selected to be added to the S&
A major automotive trade association on Tuesday urged U.S. policymakers to back sweeping support for electric vehicles (EV), including new incentives for research and development and consumer purchases.
The S&P 500 ended lower on Monday, weighed down by Walt Disney, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals.
The S&P 500 ended lower on Monday, weighed down by Walt Disney, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals.
The S&P 500 ended lower on Monday after the launch of a COVID-19 vaccine campaign in the United States, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals.
Financial stocks were ending lower this afternoon, with the NYSE Financial Index slipping 0.3%, giving back an early advance, while the SPDR Financial Select Sector ETF was dropping 1% shortly before Monday's closing bell.The Philadelphia Housing Index still was ahead fractionall
Even as the company works to meet ambitious year-end production and delivery goals, Tesla (NASDAQ: TSLA) will be closing down its Fremont plant for 18 days over the holidays. That's according to an email sent to company employees of the California production facility, as reported
The S&P 500 rose on Monday after the launch of a nationwide COVID-19 vaccine campaign in the United States, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals.
Tesla (NASDAQ: TSLA) is telegraphing that the company is experiencing strong demand for its vehicles in the fourth quarter, but the company will need to ramp up production in order to take advantage of the surge in orders. That's according to an email to Tesla employees authored
Wall Street's main indexes rose on Monday as consumer stocks surged on the launch of a nationwide COVID-19 vaccine campaign, while Alexion Pharmaceuticals jumped on a $39 billion buyout offer from AstraZeneca in one of the year's biggest deals.
Amazon (NASDAQ: AMZN) founder and CEO Jeff Bezos is one of the most admired leaders in business. Over the last generation, Bezos has steered Amazon from a tiny online bookseller to a tech behemoth with a leading position in retail, cloud-computing, voice-activated technology, and
Investors came into the new week on an optimistic note, and their positive views helped boost the stock market. Everyone is pleased to see coronavirus vaccine distribution begin in the U.S. and other areas around the world, and the hope from an investing standpoint is that with t
Chinese electric-vehicle maker XPeng (NYSE: XPEV) said that it sold 55.2 million new American depositary shares at a price of $45.00, raising about $2.45 billion and suggesting that investor interest in the company's stock remains high.XPeng is one of several electric-vehicle mak
The ARK Innovation ETF (NYSEArca: ARKK) continues wracking up superlatives, something that would seem difficult to do with the exchange traded fund higher by a staggering 150.15% year-to-date. “Companies within ARKK include those that rely on or benefit from the development of new products or services, technological improvements and advancements in scientific research relating to [...] Read more at ETFtrends.com.
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
A compilation of the most active stocks on U.S. exchanges. For faster updates on individual market-movers, Eikon users please use search string "STXBZ US" and Thomson One users please search "RT/STXBZ US".
U.S. Stock Futures Trading HigherThe U.S. stock futures moved higher in overnight trading on Sunday as the stock market points to a rebound after a losing week. The global markets from the Asia Pacific and Europe are also starting on a strong note. This came after the increasing
Tesla will put a halt on production of its high-end Model S sedans and its luxury model X SUV lines for 18 days starting on December 24, according to CNBC.
The S and X lines are older models and only accounted for around 11% of deliveries in the third quarter, with the newer Model 3 and Model Y versions making up the rest.
Tesla (TSLA) CEO Elon Musk informed employees working on those production lines at the Fremont, California factory on Friday that they were being offered one full week of paid leave, and were encouraged to try and find work in other areas of the factory, or alternatively, to “volunteer” to assist the company in making deliveries to customers during the shutdown.
Tesla announced in October that it was recalling nearly 50,000 Model S and Model X vehicles in China over potentially unsafe suspension issues. Further questions arose in November when Tesla declared that it was refunding some Model S and Model X owners and extending its warranty due to touchscreen blackouts and other problems.
When questioned by CNBC about Tesla’s intentions regarding the Model S and Model X lines during the shutdown, Tesla failed to immediately offer a response. (See TSLA stock analysis on TipRanks)
Goldman Sachs analyst Mark Delaney recently upgraded his rating on the stock to a Buy and increased his price target from $455 to a Street high target of $780 (28% upside potential). He believes that EV penetration will happen quicker than he first projected and that EV sales will account for 15% of new car sales by 2025.
Consensus among analysts is a Hold based on 8 Buys, 10 Holds and 7 Sells. The average price target of $392.40 implies a potential decline of around 36% over the next 12 months.