Future Fund Managing Partner Gary Black‘s prediction of lowered delivery estimates for Tesla Inc. (NASDAQ:TSLA) proved accurate as Deutsche Bank took the lead, tempering expectations ahead of the electric-vehicle giant’s first-quarter deliveries update in early April. What Happened: Deutsche Bank reduced its first-quarter deliveries estimate for Tesla from 476,000…
Canaccord Genuity analyst George Gianarikas considers Tesla Inc (NASDAQ:TSLA) shares a solid buy despite the current slump in price. The analyst is optimistic about the electric vehicle giant’s growth potential in three key areas, expecting a rebound in the stock. What Happened: Gianarikas attributes the stock’s current lag…
Tech billionaire Elon Musk has announced a rebranding of X's (formerly Twitter) Trust & Safety group to simply @Safety, saying "trust is something that must be earned." What Happened: Musk took to Twitter to express his views on trust and…
Even as Donald Trump inches closer to clinching the Republican nomination, his niece Mary Trump, a clinical psychologist, said on Monday it may not be smooth sailing for her uncle as he faces multiple headwinds en route to a second…
EV giant Tesla Inc (NASDAQ:TSLA) is offering customers who take delivery of a new car by March 31 the option to get as much as 10,000 miles of free supercharging. The Offer: Customers can get 5,000 miles of free supercharging…
In a recent move to stay competitive in the burgeoning EV market, Hyundai Motor Co-owned (OTC:HYMTF) Kia has significantly ramped up the discount on its 2024 EV9 models, offering customers a hefty $5,000 cash rebate. What Happened: As reported by Electrek on Tuesday, Kia has…
Tesla, Inc. (NASDAQ:TSLA) shares have lost nearly 11% in two days, fueled by anxieties around potentially missing first-quarter delivery targets and the stock’s six-month-long lackluster performance. Late Tuesday, Tesla bull and Wedbush analyst Daniel Ives offered his perspective on the company’s weakness and future prospects.…
In a bold move to bolster its electric vehicle market share, German automaker BMW (OTC:BMWYY) has rolled out a unique program offering a $1,000 incentive to certain EV owners to switch to BMW’s electric models. What Happened: As reported by CarsDirect, BMW has launched the…
EV maker Rivian Automotive (NASDAQ:RIVN) will reportedly discontinue the third shift at its Normal, Illinois plant starting next month in light of increased efficiency and subdued production outlook for FY24. What Happened: Rivian, which currently employs approximately 8,000 workers in…
U.S. stocks are on track to rebound on Wednesday after experiencing a pullback in the previous two sessions. Pent-up buying could lift heavily weighted tech stocks and, consequently, the broader market. However, several factors will influence the market’s direction. Investors will closely…
