Tag: Tesla

Tesla and Nio have sold off, but the EV party is just getting started and China is key, say these analysts

TipRanks J.P. Morgan: Don’t Say Bye Bye to NIO Stock, Say Buy Buy NIO’s (NIO) Q4 earnings were disappointing — and (most) investors were disappointed. The Chinese electric-vehicle maker’s stock sold off by 13% Tuesday, one day after NIO delivered a tiny sales “beat” — but lost twice as much money as analysts had bargained… Continue reading Tesla and Nio have sold off, but the EV party is just getting started and China is key, say these analysts

GM looking to build second battery plant in U.S.: WSJ

By Reuters Staff 2 Min Read FILE PHOTO: A general view shows the General Motors assembly plant in Ramos Arizpe, in Coahuila state, Mexico February 11, 2021. REUTERS/Daniel Becerril (Reuters) – General Motors Co is looking to build a second battery factory in the United States with South Korean joint-venture partner LG Chem Ltd, the… Continue reading GM looking to build second battery plant in U.S.: WSJ

Elon Musk Wants to Rename a Texas Town “Starbase”

Gotta admit, that’s a pretty cool name. Welcome To Starbase Elon Musk is pushing to rename the Texas town where SpaceX test-launches its experimental Starship rocket with something a bit more fitting of its aspirations. On Tuesday, Musk tweeted that he’s “creating the city of Starbase, Texas,” which is almost certainly a reference to Boca… Continue reading Elon Musk Wants to Rename a Texas Town “Starbase”

UBS more than doubles its Tesla price target, citing huge upside in the automaker’s software business

Johannes Eisele/AFP via Getty Images UBS more than doubled its price target for Tesla on Tuesday, from $325 to $730, while keeping its neutral rating, citing the electric car maker’s emerging leadership in software. “Tesla has the potential to become one of the most valuable software companies,” the team of analysts, led by Patrick Hummel,… Continue reading UBS more than doubles its Tesla price target, citing huge upside in the automaker’s software business

Tesla will be the most profitable player in electric vehicles for years to come, UBS analysts say (TSLA, GM, VWAGY)

Tesla will be the most profitable EV maker in 2025 by far, UBS analysts say.  Elon Musk’s automaker will realize $20 billion in operating profits that year, analysts estimate. Volkswagen will come in second, they say, but Tesla’s software gives it a major advantage. Visit the Business section of Insider for more stories. Even as… Continue reading Tesla will be the most profitable player in electric vehicles for years to come, UBS analysts say (TSLA, GM, VWAGY)

Early Tesla investor is worried about competition encroaching on Elon Musk from all sides

Steve Westly said Tesla is facing an increasingly crowded electric-car market. The former board member said Tesla could lose buyers to companies like General Motors or Volkswagen. Tesla is looking to make a cheaper vehicle and expand its market in other countries like China. Visit the Business section of Insider for more stories. Former Tesla… Continue reading Early Tesla investor is worried about competition encroaching on Elon Musk from all sides

Inside the cult of Cathie Wood, the rockstar stock-picker whose ETFs are dominating 2021

So far, this year has belonged to Cathie Wood. You could argue last year did too. The founder of ARK Invest has seen flows into her active exchange-traded funds beat those of massive franchises like BlackRock’s iShares, thanks to her blockbuster 2020 performance, which was driven by bets into mega-growth stocks like Tesla. Her funds… Continue reading Inside the cult of Cathie Wood, the rockstar stock-picker whose ETFs are dominating 2021

Samsung tells Texas it wants to create 1,800 jobs with a $17 billion factory in Austin

Samsung has submitted paperwork to Texas officials, requesting a billion dollars in tax incentives to make Austin the future home of the company’s $17 billion chip factory, as noted by Bloomberg and reported last month by the Austin American-Statesman. In the documents, which were filed in January, the company says it plans on bringing 1,800… Continue reading Samsung tells Texas it wants to create 1,800 jobs with a $17 billion factory in Austin

EV rivals Tesla, Rivian unite to target direct sales legislation

Tesla, Rivian, Lordstown Motors and Lucid Motors — potential rivals in the burgeoning EV market — are working together to pass laws that would allow direct sales in at least eight states with another batch of proposed legislation likely being introduced this year. Passage of such legislation would clear the way for EV giants like… Continue reading EV rivals Tesla, Rivian unite to target direct sales legislation