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Mizuho Securities has issued a bullish note on electric vehicle (EV) stocks Tesla and NIO and is predicting them to rise further. Is it time to buy EV stocks now? EV stocks have been very volatile this year. Both Tesla and NIO fell sharply from their 52-week highs and entered a bear market which is…
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Tesla (TSLA) stock fell almost 5% yesterday and took its year-to-date losses to 11.9%. The stock is in a free fall and things might only get ugly from here. Tesla stock now trades below the price level at which it joined the S&P 500 last year. The stock is among the biggest S&P 500 losers…
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Earlier this year, Tesla set up operations in India and reportedly wants to import and sell its electric cars in the country. India meanwhile wants to lure Tesla to start producing its cars in the country. China was the first location that Tesla choose for its Gigafactory outside the home market of the US. The…
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Tesla stock was trading sharply lower in US premarket trading today extending its over 8% decline in regular trading yesterday. Many have blamed the recent fall in bitcoin prices for the fall in Tesla stock. But it is not as simple. Earlier this month, Tesla announced a $1.5 billion investment in bitcoins and also said…
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Earlier this week, Tesla announced a $1.5 billion investment into bitcoins. The announcement catapulted both Tesla and bitcoin to a record high. However, Tesla has since come off its 52-week highs? What’s making markets apprehensive about the company now? Tesla not only announced an investment into bitcoins but also said that it would soon start…
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The price of Bitcoin is retreating slightly today in early cryptocurrency trading activity a day after the coin rallied nearly 20% on the back of Tesla’s $1.5 billion investment in the crypto asset. Yesterday’s uptick pushed the price to a fresh all-time high of $46,712, although the value of the coin rose to as much…
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According to reports, Apple is contemplating a deal with South Korean automaker Hyundai-Kia to produce its autonomous electric car. Can Apple be the ultimate Tesla killer? Reports suggest that Apple is in the final stages of reaching an agreement with Hyundai-Kia to produce its electric cars at Kia’s Georgia manufacturing plant. Both Hyundai and Apple…
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Tesla stock was trading lower in US premarket trading today after the company missed its fourth quarter 2020 earnings. The stock has risen sharply over the last year and Tesla’s CEO Elon Musk tried to justify its valuation during the earnings call. Tesla released its fourth quarter earnings yesterday after the markets closed. It reported…
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The fourth quarter earnings season is in a full swing. Popular EV (electric vehicle) maker Tesla is also scheduled to release its earnings this week. What are analysts expecting from the company’s fourth quarter earnings? Tesla has posted better than expected earnings for the last five consecutive quarters. The winning streak began in the third…
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Tesla has reportedly started to deliver the China-made Model Y in China. So far, the company was delivering China-made Model 3 and imported Model S/X in China. The competition in the EV (electric vehicle) industry has been intensifying. This especially holds true for China, the world’s largest market for new energy vehicles. Domestic Chinese automakers…
