Tesla

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Tesla’s Stock Slump Has Gone Too Far, Morgan Stanley Says

(Bloomberg) — After losing nearly $300 billion in market value in two months, a growing chorus of Tesla Inc. analysts say the share-price decline has gone far enough. Morgan Stanley analyst Adam Jonas said on Wednesday that Tesla is approaching his “bear case” price target of $150, presenting an opportunity for investors to buy at […]

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Electric Cars
Electric Mobility
EV Stocks
Tesla
Uncategorized

Tesla’s Sinking Shares Leave Wall Street Analyst Targets in Dust

(Bloomberg) — The rapid selloff in Tesla Inc. shares has left most price targets from ever-bullish Wall Street analysts seemingly obsolete. The yawning gap means Tesla shares need to rally a whopping 80% to hit the median analyst target price — the second widest on the Nasdaq 100 Index, just behind Baidu Inc. The Elon […]

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Elon Musk
Tesla
Top Stock Market News
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Musk Sells $3.95 Billion of Tesla Stock After Buying Twitter

(Bloomberg) — Tesla Inc. Chief Executive Officer Elon Musk sold at least $3.95 billion of the electric-vehicle maker’s shares just days after closing his buyout of Twitter Inc. Musk unloaded 19.5 million shares, according to regulatory filings on Tuesday in New York, his first disposals since August. The filings didn’t indicate that the transactions were […]

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Tesla
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Twitter

Tesla’s Post-Twitter Selloff Pushes Stock to a 17-Month Low

(Bloomberg) — Tesla Inc. erased all of its gains from the past 17 months as investors continue to sell off the stock in the wake of Chief Executive Officer Elon Musk’s purchase of Twitter Inc. The electric-vehicle maker’s shares closed down 5% to $197.08 in New York Monday, at the lowest level since June 2021. […]

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Lithium
Tesla
Top Stock Market News

The Lithium Market Is Hotter Than Ever and Traders Are Moving In

(Bloomberg) — When the oil market liberalized in the 1970s, a group of commodity trading buccaneers led by the infamous Marc Rich made fortunes by connecting buyers and sellers and surfing the price swings of this newly tradable commodity. Half a century later, some of Rich’s spiritual descendants are hoping to pull off a similar […]

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Corporate Earnings
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Tesla
Top Stock Market News

Tesla Options Hint at Trouble Ahead With Bets Around $200

(Bloomberg) — Tesla Inc. was one of the biggest laggards in the S&P 500 Index on Monday, and options traders are betting the stock could drop further before the weekend. A put contract with a Friday expiration and a strike price of $200 was the most-traded contract for Tesla on Monday and among the 15-most […]

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Earnings Reports
Tesla
Top Stock Market News

Tesla Sales Fall Short of Estimates as Stronger Dollar Bites

(Bloomberg) — Tesla Inc. reported third-quarter sales that fell short of Wall Street estimates, citing the US dollar’s growing strength, along with production and delivery bottlenecks. Revenue rose to $21.5 billion, the company said in a shareholder letter Wednesday, compared with analysts’ projections of $22.1 billion. Profit excluding some items rose to $1.05 a share, […]

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Bear Market
Tesla
Top Stock Market News

Tesla Sinks 50% From November Record High as Troubles Pile Up

(Bloomberg) — Tesla Inc. shares tumbled about 50% from their all-time high, amid a broader selloff in the US stock market that has hit growth and technology companies especially hard. The electric vehicle-maker’s shares closed down 7.6% to $204.99 on Friday, taking its market capitalization to $642 billion. The decline has now sliced in half […]

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Tesla
Top Stock Market News

Tesla Slumps as Deliveries Disappoint Due to Logistic Snarls

(Bloomberg) — Tesla Inc. shares dropped in early trading after the carmaker blamed a disappointing deliveries report on shipment issues that increased the number of vehicles that were on their way to customers as the quarter came to a close. The maker of Model 3 sedans and Model Y crossovers handed over 343,830 vehicles to […]

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Elon Musk
Short Selling
Stock Market
Tesla

Tesla Short Scott Burg Makes Multibillion-Dollar Bet Against Elon Musk's Firm

(Bloomberg) — While Elon Musk has plenty of Wall Street detractors, Scott Burg may be the first distressed-bond manager to make a multibillion-dollar options bet that Musk’s Tesla Inc. will be “squashed like a bug.” Burg, the chief investment officer of Deer Park Road Management Co. who made the prediction in a 2020 tweet, acquired […]

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Tesla

Tesla Investors Clear 3-for-1 Stock Split as Shares Rebound

(Bloomberg) — Tesla Inc. shareholders approved a three-for-one stock split on Thursday as the electric-vehicle maker seeks to attract an even larger number of retail investors amid a furious rally since late May. The split will bring Tesla’s shares down to the $300 range, but the Austin, Texas based-company did not immediately specify as of […]

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EV Battery
Solid State Battery
Tesla

Tesla Inks Battery Materials Deals With Two Chinese Suppliers

(Bloomberg) — Tesla Inc. has signed new long-term deals with two of its existing Chinese battery-materials suppliers, the latest move by automakers to secure supplies amid intensifying competition. Zhejiang Huayou Cobalt Co. and CNGR Advanced Material Co. signed pricing agreements with the electric-vehicle giant for supplies until the middle of this decade, according to separate […]

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Elon Musk
Lithium
Tesla

Lithium Refining Is a ‘License to Print Money,’ Musk Says

(Bloomberg) — Elon Musk has called for more investment in global lithium refining to ease shortages in battery materials — and promised those who seize the opportunity it’s as lucrative as “basically minting money.” “I’d like to once again urge entrepreneurs to enter the lithium refining business. The mining is relatively easy, the refining is […]

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Economic Recession
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Tesla
US Economy

Tesla Pauses Plants After Ending Shaky Quarter With a Production Milestone

(Bloomberg) — Tesla Inc. investors have a lot to parse after the July 4 holiday: a disappointing quarter of deliveries, a record month of production, and now several weeks of downtime at multiple plants. The electric-car maker will halt most production on its Model Y assembly line in Shanghai for the first two weeks of […]

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Electric Cars
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Tesla

Tesla Deliveries Dipped in Quarter, Snapping Two-Year Streak

(Bloomberg) — Tesla Inc. delivered 254,695 cars worldwide in the three months to June, snapping a two-year streak of quarter-on-quarter gains, as a Covid-related shutdown at its factory in Shanghai crimped production. The results, posted Saturday, missed a forecast of 261,181 vehicle deliveries based on an average of analyst estimates compiled by Bloomberg. That is […]

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