Tesla is currently the weakest stock on the Nasdaq 100 this year, facing slowing growth and shrinking profits. However, David Baron, a fund manager, is betting on a significant turnaround for Elon Musk’s company. Baron, managing the Baron Focused Growth Fund, is placing his confidence in Musk to navigate Tesla through these challenges. “While he […]
Investment banking giant Goldman Sachs on Friday reaffirmed its bullish stance on Tesla stock (via Yahoo Finance). The institution maintained a “Buy” rating on Tesla shares but did reduce its price target for the stock down from $333 USD per share to $305. Goldman’s new price target would represent a 48% uplift from Tesla’s share price […]
In a recent interview with Yahoo Finance, ARK Invest CEO Cathie Wood shared “why she is remaining optimistic on Tesla,” comparing Tesla to Apple and the automaker’s disruption of the electric vehicle (EV) space to how Apple “changed the game” in the smartphone world. When it comes down to Tesla, the stock, the company and the […]
Tesla has announced plans for a second stock split in the span of a little less than two years, giving a slight bump in prices to shares that had been trading lower following reports of Tesla’s COVID-19 woes — reports Yahoo Finance. In a tweet published early Monday morning, the company said it will “ask […]
In less than 24 hours, Tesla stock on Friday rallied more than $100 USD from a six-month low of $700 USD per share — reports Yahoo Finance. On Thursday, the electric automaker’s shares dropped as much as 8.3% in intraday trading amid a broad-market selloff instigated by Russia’s invasion of Ukraine. Daiwa Capital analyst Jairam […]
The Church of Jesus Christ of Latter-day Saints’ $52 billion USD investment fund expanded its position on Tesla during Q4 2021, adding 118,380 shares of the electric vehicle (EV) company, with a market value of $755.6 million, to its portfolio — reports Markets Insider. At the same time, the fund also cut back its positions […]
According to Barron‘s, analysts at Deutsche Bank have upped their price target for Tesla stock to $1,200 USD per share from $1,000 USD, saying that the global shift to electric vehicles (EVs) could help “extend Tesla’s EV lead considerably” as we move towards 2025 and 2030 deadlines for much of the world’s emissions reduction goals. “Tesla’s […]
According to a report from The Street, Tesla CEO Elon Musk offloaded yet another block of the electric vehicle (EV) company’s stock on Wednesday, this time to the tune of 934,000 shares for $929 Million USD (via Yahoo Finance). Since asking his Twitter followers whether he should liquidate 10% of his holdings in Tesla last […]
Tesla CEO Elon Musk on Tuesday sold another 583,611 shares in Tesla, according to SEC filings, reports Automotive News. In an interview with news satire publication The Babylon Bee, Musk said he has now sold “enough stock” to have liquidated 10% of his holdings in Tesla, as promised in his Twitter poll on the subject in […]
Tesla CEO Elon Musk said Saturday that the way he went about liquidating around $7 billion USD worth of Tesla stock this week was “closer to tax maximization than minimization.” Musk was responding to a Twitter user who asserted the CEO would benefit more financially from exercising options and selling the common stock he already […]
Tesla CEO Elon Musk sold another 639,737 shares of the electric vehicle (EV) manufacturer for around $687 million USD through his trust on Thursday, according to regulatory filings discovered earlier today (via CNBC). Last week, Musk asked the masses whether he should sell 10% of his Tesla stock in a Twitter poll. With nearly 58% of […]
According to Bloomberg, Singaporean resident Leo KoGuan has quickly (and quietly) become Tesla’s third-largest individual shareholder over the past couple of years. Bank records furnished by KoGuan reveal that, as of late September, he owns 6.31 million Tesla shares, along with 1.82 million stock options that give him the right to buy Tesla between $450 to […]
According to a report from CNBC on Friday, prominent investor Michael Burry has said he is no longer betting against Tesla Inc., and that his ‘put’ position on 800,100 shares of the company’s stock was “just a trade”. Back in May, regulatory filings from Burry’s investment firm, Scion Asset Management, revealed that the company had […]
A filing with the Securities and Exchange Commission (SEC) has revealed that Tesla Inc.’s former President of Heavy Duty Trucking, Jerome Guillen, has sold approximately $274 million USD worth of the company’s stock since June 10 — reports Yahoo! Finance. Long-time Tesla executive and one of the electric vehicle (EV) giant’s top-four, Guillen left the […]
According to Yahoo! Finance, the third quarter of 2020 saw the State Teachers Retirement System of Ohio (STRS Ohio) wash its hands of a significant amount of Tesla Inc. and Apple Inc. stock, and increase its holdings in the General Motors Company and Alibaba Group Holding Ltd.- ADR instead. State Teachers Retirement System of Ohio cut […]
