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
Tag: Tesla
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
India offers big incentives to Tesla to establish electric car factory in the country
India says that it is prepared to offer Tesla big incentives to establish an electric car factory in the country and beat Chinese prices. Over the last few months, there have been more rumors of Tesla looking to establish manufacturing and/or research and development in India. Local government officials have revealed talks with Tesla executives, and… Continue reading India offers big incentives to Tesla to establish electric car factory in the country
Tesla is losing market shares to Ford Mustang Mach-E, according to Morgan Stanley
Morgan Stanley is out with a new report stating that Tesla is losing market shares to the Ford Mustang Mach-E in the US. The firm released its February 2021 US auto sales report and they found that electric vehicle sales were up by almost 40%. Tesla still had majority market shares, but it fell compared… Continue reading Tesla is losing market shares to Ford Mustang Mach-E, according to Morgan Stanley
Elon Musk: Tesla aims to release new version of Full Self-Driving Beta next month with wider access
Elon Musk says that Tesla aims to release new version of its Full Self-Driving Beta software with “Autosteer on city streets” next month, and it should come with a wider release to more customers. Back in October 2020, Tesla started to push a Full Self-Driving Beta release to owners in the “Early Access” program, a… Continue reading Elon Musk: Tesla aims to release new version of Full Self-Driving Beta next month with wider access
Volkswagen CEO tweets, Musk-style, on market-cap milestone
By Thyagaraju Adinarayan, Christoph Steitz 2 Min Read LONDON/FRANKFURT (Reuters) – When the market value of Germany’s Volkswagen rose above the 100-billion-euro mark on Wednesday for the first time since 2015, the boss of the normally staid carmaker took to Twitter, Elon Musk-style, to crow about it. FILE PHOTO: An employee fixes a VW sign… Continue reading Volkswagen CEO tweets, Musk-style, on market-cap milestone