Tesla Inc
SEC letter to Musk questions tweet about Twitter acquisition
The official profile of Elon Musk on the social network Twitter. Rafael Henrique | Lightrocket | Getty Images The Securities and Exchange Commission asked billionaire Elon Musk for more information on a tweet related to his $44 billion acquisition of Twitter that he’s recently tried to call off, a new regulatory filing Thursday shows. The […]
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Morgan Stanley’s Jonas trims price target for Tesla, citing slowing economy
Morgan Stanley auto analyst Adam Jonas cut his price target for many stocks in his sector, including Tesla . Jonas said in a note to clients that a slowing economy dampens the outlook for autos, leading to estimate cuts and lower price targets. “We make material cuts to our forecasts across our coverage to reflect […]
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Hyundai unveils new Ioniq 6 EV — an ‘electrified streamliner’ with unique design
The newest electric vehicle from Hyundai Motor is a sedan with a unique bubbly design. The South Korean automaker unveiled the Ioniq 6 Wednesday night as an “electrified streamliner,” a nod to its aerodynamic design that Americans may know best through the design of an Airstream trailer. It’s a major shift in styling from the […]
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Truist initiates coverage of Tesla with a buy rating and $1,000 price target
Tesla has another bull in its corner. Truist Securities on Wednesday initiated coverage of the electric vehicle maker with a buy rating and price target of $1,000. That represents a more than 40% upside from where shares closed at $711.12 during Wednesday’s session. “We believe the company’s best days, in terms of volume production, product […]
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Tesla AI leader Andrej Karpathy announces he’s leaving the company
A Tesla Model S car equipped with Autopilot David Paul Morris | Bloomberg | Getty Images Tesla AI and Autopilot leader Andrej Karpathy announced Wednesday that he’s no longer working for the electric vehicle maker. “It’s been a great pleasure to help Tesla towards its goals over the last 5 years and a difficult decision […]
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Panasonic reportedly building new factory in Kansas to produce batteries for Tesla and rest of EV industry
An aerial view of the Tesla Gigafactory near Sparks, Nevada Bob Strong | Reuters Panasonic is planning to build a new battery factory in Kansas to produce high-capacity cells for Tesla, according to a report out Wednesday from Nikkei Asia. Kansas Gov. Laura Kelly, a Democrat, has scheduled a news conference in Topeka today at […]
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Here are Wednesday’s biggest analyst calls: Amazon, Apple, Tesla, Netflix, Twitter, Snowflake & more
Here are Wednesday’s biggest calls on Wall Street: KeyBanc initiates Lyft and Uber as equal weight KeyBanc said the ride-sharing companies need to prove that profitability is sustainable. “For Uber profitable growth is necessary to prove out. Investors already view Uber as a LT outperformer due to its scale. … . For Lyft , profitability […]
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Here are Twitter’s biggest accusations against Musk in its lawsuit
NEW YORK, NEW YORK – MAY 02: 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. (Photo by Theo Wargo/WireImage) Theo Wargo | Wireimage | Getty Images Twitter has filed suit against Elon Musk to seek […]
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5 things to know before the stock market opens Wednesday
Traders work on the floor of the New York Stock Exchange (NYSE) on May 12, 2022 in New York City. The Dow Jones Industrial Average fell in morning trading as investors continue to worry about inflation and other global issues. Spencer Platt | Getty Images Here are the most important news items that investors need […]
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Elon Musk says it’s time for Trump to ‘sail into the sunset’
President Donald Trump talks with Tesla and SpaceX CEO Elon Musk at Trump Tower last February. Evan Vucci | AP Tesla and SpaceX CEO Elon Musk said Monday that he thinks former President Donald Trump should, “hang up his hat & sail into the sunset.” Writing on Twitter, where Musk has more than 100 million […]
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