Just weeks after Tesla CEO Elon Musk warned of an upcoming recession in the U.S., also saying that Tesla had a tough quarter in Q2, one analyst is noting how important it will be for the automaker to hold onto high demand as it faces an economic downturn in the months ahead. Tesla is preparing […]
According to MarketWatch, Wedbush Securities Managing Director Daniel Ives has slashed his price target on Tesla by 29%, from $1,400 USD per share to $1,000 USD. Historically a Tesla bull, Ives said in a note to Wedbush clients that it is “hard to ignore” Tesla’s woes in China, where strict lockdowns following a COVID-19 outbreak […]
Tesla’s new German Gigafactory was granted approval to start production last week, and amidst the news, one analyst is doubling down on his bullish targets for the company’s stock. Wedbush’s Daniel Ives says Tesla has cleared a “major overhang” with the production approval granted to the automaker’s new Gigafactory Berlin-Brandenburg location, according to Benzinga. Ives […]
Many experts are eager to see what 2022 will hold for Tesla’s stock, including one high-profile analyst who says the Chinese auto market remains the “linchpin” for the U.S. automaker’s continued success. Tesla’s shares will see big gains again in 2022, according to Wedbush analyst Daniel Ives, during which he predicts Tesla will sell around […]
On Wednesday, Tesla suddenly announced it suspended accepting Bitcoin payments, in a surprising change of pace that Wedbush says could harm the company in the long run. According to Business Insider, Wedbush’s Dan Ives said in a note Thursday that Tesla’s decision to suspend Bitcoin payments is “very surprising and confusing,” especially given Tesla’s astounding […]
With Tesla’s Q1 earnings call scheduled for later today, Wedbush Securities Managing Director Dan Ives spoke with CNBC about Tesla’s delivery forecast being the most important factor to Tesla’s earnings, saying that the company’s delivery forecast could be headed toward 900,000 for 2021. Ives and Wedbush currently have Tesla’s price target set at $1,000, with […]
Wedbush Securities has been known to take a rather bullish approach to Tesla (TSLA) and its stocks, and a recent update has upgraded the company immediately following better-than-expected Q1 deliveries. On Sunday, Wedbush raised Tesla’s (TSLA) price target to $1,000 from $950, with a bull-case price of $1,300 per share, according to Market Watch. While […]
Tesla (TSLA) has had quite a couple of years, with the company’s stock growing more than 1000% since January 2019. And in a new update, investment banking firm Wedbush is predicting the company is, once again, set to outperform estimates in terms of vehicle deliveries. In a note on Tuesday, Wedbush analyst Daniel Ives stated […]
It’s no surprise that Tesla’s stock has been skyrocketing over the past year. And some analysts think the company’s superior gains may not be over just yet. On Sunday, Wedbush analyst Daniel Ives said Tesla’s (TSLA) Q4 results could blow street estimates away, according to Yahoo Finance. Tesla’s robust delivery numbers, combined with its cost-efficiency […]
Tesla (TSLA) has a real shot at reaching its goal of 500,000 deliveries in 2020, and with only a couple of days left, we’ll know shortly enough whether it did or not. According to a note published Wednesday by Wedbush analyst Dan Ives, Tesla will likely reach its goal of half a million 2020 deliveries, […]
