South Korean investors purchased $2.8 billion in Tesla stock this year, as the company’s shares have sank to their lowest point in years. South Korean retail investors have picked up a whopping $160 million in Tesla shares in December alone (through to the 27th), according to data from the Korea Securities Depository, reports Bloomberg. Even […]
Elon Musk has sold a hefty load of Tesla shares in the past few weeks, and while the move has exacerbated the concerns of many of the company’s shareholders, the CEO says he doesn’t plan to do it again for a while. In a Twitter Spaces call on Thursday, Musk said he “won’t sell stock […]
Just when Tesla investors thought CEO Elon Musk was done selling shares, he caught them off guard again. In filings with the Securities and Exchange Commission (SEC) revealed on Wednesday, Musk sold about 22 million shares worth $3.58 billion. The share sales took place sometime between Monday and Wednesday of this week. It’s unclear what […]
Many analysts are bullish on Tesla, and with recent production upgrades and an uphill challenge for most of the automaker’s competitors, one firm recently doubled down on its long-term expectations for the stock. Goldman Sachs analyst Mark Delaney reiterated a Buy rating on Tesla’s stock on Wednesday, adding that the company “well-positioned” for an upcoming […]
As the world’s most valuable automaker Tesla heads into its stock split, the company’s shares are slightly dipping on the debut. Tesla’s 3-for-1 stock split kicked in on Thursday, and the automaker’s shares opened at $302 before dipping back to $293 in early trading hours, as reported by Reuters. The split is Tesla’s second in […]
Tesla announced the date its 3-for-1 stock split will begin: Thursday, August 25, 2022. Company shareholders approved Tesla’s proposal for a 3-for-1 stock split at the company’s annual meeting of shareholders on Thursday. On Friday afternoon, Tesla announced the following: Tesla, Inc. (“Tesla”) announced today that the Board of Directors has approved and declared a […]
While Tesla’s stock has remained polarizing for investors, retail investors are a little more supportive of the automaker’s shares — especially given that it has become the top-traded stock on a popular trading app. Tesla has replaced Apple as the top-held stock on the trading platform Robinhood, according to a report on Thursday from The […]
Despite the current economic downturn, one analyst is noting that Tesla’s stock may be worth picking up before the second half of the year. Deutsche Bank added Tesla’s stock to its “short-term Catalyst Call Buy List” this week, saying the automaker could offer a lot to investors, according to a report from Market Watch. Although […]
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 […]
As Tesla continues to climb its way upward year after year, one analyst is noting how the auto manufacturer’s stock is a great pick for this year. In a new new segment of CNBC’s Mad Money shared on Thursday, Cramer called Tesla his top pick for the category of the most investable manufacturers. In the […]
Tesla’s market cap has again entered the 1 trillion market cap territory, as the stock’s trajectory continues its upward swing over the past week. Shares of Tesla have gained about 20% over the past five days and 31% over the past month, currently trading at $1005 per share as of writing. Tesla’s market cap now […]
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 […]
Tesla CEO Elon Musk still holds a significant stake in Tesla, even after selling off many of his shares last year. Tesla’s stock jumped nearly 5 percent on Tuesday after a securities filing revealed that Musk still owns over one-fifth of Tesla’s shares despite recent stock selloffs, according to Business Insider. The filing was made […]
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 […]
Tesla’s stock is a hot commodity these days, and a recent selloff has one analyst changing his rating on the stock heading into February. Credit Suisse analyst Dan Levy upgraded his rating on Tesla’s shares to Outperform from Neutral, with a stock price target remaining at $1,025, according to MarketWatch. Levy changed the rating following […]
