Elon Musk attends The 2022 Met Gala Celebrating “In America: An Anthology of Fashion” at The Metropolitan Museum of Art on May 02, 2022 in New York City. Dimitrios Kambouris | Getty Images Elon Musk’s Twitter was sued again in California this week for alleged failure to pay a vendor. The latest complaint comes from … Read more
Here are the biggest calls on Wall Street on Wednesday: Piper Sandler reiterates Nvidia as overweight Piper said it’s bullish on the stock heading into earnings Wednesday after the bell. “Overall, we are bullish going into the January quarter results and April quarter guide for NVDA.” Bernstein reiterates Tesla as underperform Bernstein said it remains … Read more
The past month has been an eventful one for Tesla and Ford . Electric vehicle maker Tesla made waves as it slashed prices in a bid to stoke demand . Soon after, automaker Ford — which also now makes EVs — followed suit by cutting prices across its Mustang Mach-E model range. Both firms recently … Read more
Market Movers rounds up the best trade ideas from investors and analysts throughout the day. The pros discussed Tesla , after its CEO Elon Musk sold about 22 million shares of the electric vehicle company’s stock, worth about $3.6 billion . RBC lowered its price target on the stock, but reiterated it as outperform . … Read more
Here are Wall Street’s biggest calls on Wednesday: Bernstein reiterates Amazon as outperform Bernstein said it remains bullish on the e-commerce giant heading into 2023. “Amongst the uncertain backdrop, Amazon continues to look like the safest place in eCommerce after taking share in 3Q and likely continuing to do so in 4Q.” Wells Fargo downgrades … Read more
Here are Wall Street’s biggest calls on Tuesday: KBW downgrades banks to market weight from overweight KBW said in its downgrade of the banking sector that it’s getting ahead of any further moves by the Federal Reserve, and that lower rates means less profitability for banks. “Positive EPS revisions most notable in early 2022 as … Read more
Elon Musk led a $44 billion acquisition of Twitter and appointed himself CEO there in late October. Ever since, he has enlisted high-ranking executives and engineers from his other businesses, including SpaceX, Tesla and The Boring Company, to help out at the social media company, according to internal records obtained by CNBC and conversations with … Read more
A Tesla electric vehicle at a supercharger station in Hawthorne, California, on Aug. 9, 2022. Patrick T. Fallon | AFP | Getty Images Check out the companies making the biggest moves midday Monday: Credit Suisse — Shares of Credit Suisse rose 1.7%, reversing an earlier slump that sent the stock to a record low, after … Read more
A Tesla Model Y on display inside a Tesla store at the Westfield Culver City shopping mall in Culver City, California, U.S., on Thursday, April 14, 2022. Bing Guan | Bloomberg | Getty Images Electric vehicle makers Tesla just posted third-quarter vehicle production and delivery numbers for 2022. Here are the numbers: Total deliveries Q3 2022: … Read more
Tesla Inc. reported record quarterly deliveries on Sunday. but the number still disappointed analysts. Tesla said it produced over 365,000 vehicles in the just-completed third quarter, and made more than 343,000 deliveries. That was a significant rebound from the second quarter, when it reported nearly 259,000 vehicles built and 255,000 deliveries, with production stunted by … Read more