Tesla CEO Elon Musk recently became the world’s richest person, and while it’s an impressive feat, the behind-the-scenes benefactors of Tesla’s growth are, perhaps, even more impressive. Baillie Gifford, the asset management firm for Scottish Mortgage Investment Trust, has facilitated a $29 billion profit from pension funds, foundations, and charities, financed through the purchase of […]
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 […]
Last week, US House Speaker Nancy Pelosi disclosed in a filing with the Clerk of the House of Representatives that her husband, Paul Pelosi, had purchased stock options in Apple (AAPL), Tesla (TSLA), and Disney (DIS), also buying shares from global investment firm Alliance Bernstein Holding (AB), as reported by Barron’s. The shares and options, […]
Tesla’s (TSLA) valuation has been under considerable scrutiny recently, with the company having become the most valuable car manufacturer on the planet within the last year. On Wednesday, CNBC reported that Jim Chanos, an investment manager and long-term Tesla bear, is no longer shorting Tesla’s stock and has moved the company to a put rating. […]
Tesla’s (TSLA) stock grew exponentially last year, and since then, the company has bulls and bears alike speculating as to what might happen next. On Wednesday, Colin Rusch of Oppenheimer raised his price target on Tesla from just $486 to $1,036, more than doubling the bullish goal, according to Market Watch. Rusch’s new price target […]
Tesla has just received a price target raise from analyst Daniel Ives, Managing Director, Equity Research, at Wedbush Securities. According to the research note (via StreetInsider), Ives has increased Tesla’s price target from $715 to $950, while his “bull case” has increased to $1,250, up from $1,000. Ives has maintained a neutral rating for Tesla. […]
Tesla has announced it will share its Q4 2020 financial results and full fiscal year results after market close on Wednesday, January 27, 2021. The company’s live question and answer webcast will start at 3:30pm PT/6:30pm ET to discuss financial and business results. Tesla announced back in December it “produced and delivered half a million […]
Following a successful NIO Day event, with the launch of its ET7 Sedan and its stock subsequently reaching an all-time high, there are questions as to NIO’s role in taking on electric vehicle (EV) tech giant Tesla (TSLA) in China, the former’s home market. On Monday, Wedbush analyst Daniel Ives was featured on TD Ameritrade’s […]
Tesla (TSLA) had quite the year in 2020 – between entering the S&P 500 and seeing its shares grow exponentially from start to finish, the company is in good shape to start out 2021 on the right foot. On Monday, Bank of America raised Tesla’s (TSLA) price target to $900, as reported by Seeking Alpha. […]
Credit Suisse has issued a note to investors to say it has raised its target price for Tesla to $800 per share, up from its previous $400, maintaining a neutral rating. Currently, Tesla closed Friday’s trading at $880.02 per share, after touching an all-time high of $884.49 per share. According to the Zurich, Switzerland-based investment […]
More Tesla naysayers are coming around, as the electric automaker continues to make unprecedented gains. Evercore ISI analyst Chris McNally told investors on Friday, “whether we call it valuation confusion or valuation rotation, we have been on the considerably wrong side of Tesla for over a year now.” McNally removed its sell rating on Tesla for the […]
“Don’t sell a share,” says billionaire investor Chamath Palihapitiya regarding Tesla’s current stock. Palihapitiya shared Thursday that Tesla’s stock (TSLA) could be worth three times its current valuation, making CEO Elon Musk the world’s first trillionaire, as reported by CNBC (via Market Insider). Tesla’s shares increased 6.9% on Thursday, and Musk passed Jeff Bezos to […]
Tesla’s recent rally isn’t stopping anytime soon, it appears and is starting to sound like deja vu. The automaker’s shares on Friday morning surged to a new all-time high of $866.21 per share and currently is up 6%. For the first time, Tesla’s market cap surpassed $800 billion, currently at $815 billion and also blowing […]
Tesla (TSLA) has been steadily increasing its value, and despite past criticisms of the company, even some bears are beginning to change their minds. RBC Capital Markets upgraded its Tesla recommendation Thursday after claiming it was “completely wrong” about the company’s value, according to Bloomberg. The long-term bear changed its rating of Tesla from underperform, […]
Tesla’s stock price continues to rally, and on Wednesday during intra-day trading, it touched a new all-time high of $774 per share. Tesla’s market cap currently stands at $725 billion, and is approaching the valuation of Facebook and its $754 billion market cap. With Morgan Stanley raising Tesla’s price target to $810, plus Democrats taking […]
