Tag Archives: Teslas

Morgan Stanley’s Adam Jonas is the latest analyst to raise some concerns with Tesla (TSLA). In a note to clients, Jonas wondered, “Could Tesla lose money (sometime) this year?” In cutting his price target to $320 from $345 (still one of the more bullish targets on the Street), Jonas noted concerns such as continued lag in EV demand despite price cuts, fleet operators like Hertz dumping EVs, and “strong hybrid momentum” peeling away potential EV buyers who are on the fence. Jonas said… Source link

This is The Takeaway from today’s Morning Brief, which you can sign up to receive in your inbox every morning along with: The Elon Musk noise machine has been in hyperdrive lately. There’s the Delaware court ruling voiding his pay package as Tesla CEO. The report alleging that Tesla board members felt pressured to take illegal drugs to stay in Musk’s good graces. And the drumbeat of negative analyst chatter from the likes of Daiwa and Piper Sandler this week. Separating noise from… Source link

Tesla (TSLA) stock is jumping for a second day as investors and analysts continue to break down what was revealed during Tesla’s Q4 earnings report. While Tesla beat on both the top and bottom lines, CEO Elon Musk’s comments during the conference call really piqued investors’ interest. One of the juiciest nuggets: Following price cuts in January of this year, Musk said the company had seen the “strongest orders year to date ever in our history.” Gary Black, noted Tesla investor and Future… Source link

Yasin Ozturk/Anadolu Agency via Getty Images Musk said Tesla was losing billions of dollars at its new factories because of supply-chain snags. The CEO has complained about supply-chain shortages in the past. Musk is one of many auto executives who have said shortages may further hurt the industry. Elon Musk said during a recent interview that electric-car-battery shortages and supply-chain snags were costing Tesla billions of dollars. “Both Berlin and Austin factories are gigantic money furnaces… Source link

Elon Musk has publicly stated his belief that the US is heading toward a recession.Yasin Ozturk/Getty Images Elon Musk, Tesla’s CEO, said earlier this month that the company would cut 10% of staff. Job cuts appear to have started, with Tesla staffers saying on LinkedIn that they’ve been laid off. The Tesla staffers posting on LinkedIn come from various departments across the company. Tesla has begun to trim its workforce in earnest after CEO Elon Musk announced earlier this month that he planned… Source link

Tesla will finally start selling the Cybertruck next year, Elon Musk has announced at the opening party for the company’s Giga Texas factory. During his presentation on stage, Musk showed off the production Cybertruck vehicle, which still looks like the previous versions, except its doors no longer have handles. The car will be able to tell that you’re there and will know that it’s supposed to open the doors. He also apologized for the delay on releasing the Cybertruck that was first Source link

Tesla’s (TSLA) Berlin Gigafactory is now live, and it will be super important to the EV giant’s future, analysts say. On Tuesday, the factory received CEO Elon Musk, who presented customers with the first Model Ys made at the facility. Tesla’s new factory is 20 or so miles southeast of the German capital and houses roughly 10,000 employees. The factory cost north of $5.5 billion to construct. “We view the opening of Giga Berlin as one of the biggest strategic endeavors for Tesla over the last… Source link

The big guns in the auto industry are coming for Tesla’s number one spot in electric vehicles, warns one long-time auto analyst. And they could succeed in the not too distant future. “We expect Tesla’s market share to drop from about 70% in EVs to about 20% in the next three years. They [Ford and General Motors] are gaining the bulk of the market share we expect Tesla to lose,” said Bank of America auto analyst John Murphy on Yahoo Finance Live. While Tesla recently capped off an impressive… Source link

San Francisco (Reuters) -Tesla Inc Chief Executive Elon Musk has exercised all of his options expiring next year, signaling an end to his stock sales that triggered a fall in the share price of the world’s most valuable carmaker.    Musk said last week that he would reach his target of selling about 10% of his stake in Tesla “when the 10b preprogrammed sales complete,” likely referring to his options-related stock sales.    Since early November, he has exercised options expiring next… Source link

(Bloomberg) — Hertz Global Holdings Inc., barely four months out of bankruptcy, placed an order for 100,000 Teslas in the first step of an ambitious plan to electrify its rental-car fleet. Tesla Inc.’s shares soared, pushing the automaker’s value past $1 trillion for the first time. Most Read from Bloomberg The cars will be delivered over the next 14 months, and Tesla’s Model 3 sedans will be available to rent at Hertz locations in major U.S. markets and parts of Europe starting in… Source link