"American electric car leader" may be in trouble, but Tesla still surged overnight, only because of this report.
Investment bank Stifel is bullish, stating that the new Model 3 and upcoming refreshed Model Y can boost sales, and with technological advantages, the company still has sufficient room for growth in the future.
Tesla has no competitors in the EV field! US investment bank Stifel highly recommends it: it is more like a technology giant and can rise another 35%.
Stifel has rated Tesla's stock as "buy" for the first time, with a target price of $265. The analyst at the investment bank said that Tesla is unparalleled in the electric car market. Compared to the title of "automotive giant", Tesla is more like a technology giant.
Will Tesla soon lose its 'king status' in the USA?
Market Overview | The three major Hong Kong stock indexes all fell by nearly 2%, with Xiaomi leading the network technology stocks by falling more than 6%, while Bosideng rose by more than 6% after its performance announcement.
Hang Seng Index fell by 1.85%, Hang Seng Tech Index rose by 1.92%, and Hang Seng China Enterprises Index fell by 1.96%. Auto stocks generally fell, Guangzhou Automobile Group down over 4%, Evergr Vehicle down more than 3%; NIO Inc rose by nearly 4%.
Micron Technology, Amazon, BlackBerry, Nike, Tesla: Why These 5 Stocks Are On Investors' Radars Today
Major U.S. indices closed positively, with the Dow Jones Industrial Average edging up by 0.04% to 39,127.80, and the S&P 500 rising nearly 0.2% to 5,477.90. The Nasdaq also finished Wednesday's regula
U.S. stocks close | S&P 500 rises for two consecutive days, Amazon up nearly 4%, with a market cap exceeding $2 trillion; shareholder meetings could not reverse the decline, and Nvidia barely closed up.
The Dow Jones Industrial Average closed slightly higher, still hovering near its weekly low, while the seven sisters of American technology stocks rose together, with Tesla up nearly 5%; Micron's financial report is bullish but the guidance is not enough to surprise, and it fell more than 9% after hours; China concept stocks index is hovering near a ten-week low, with NIO Inc. up more than 6%.
NIO's Upcoming Onvo L60 Reportedly Shows Striking Similarities To Tesla Models In Spy Shots
Two spy shots of NIO Inc.'s (NYSE:NIO) Onvo L60 are reportedly circulating in multiple WeChat group chats. The shots showcase the model's interior with detailed features, which may undergo adjustments
Tech Sector Lags Communication Services Despite Super Micro, Nvidia Surge
Over the past six months, the tech sector has been trailing behind communications services.What Happened: The SPDR Select Sector Fund – Technology (NYSE:XLK), which tracks the tech sector, posted a re
Wall Street Wavers, Nvidia Resumes Losses, Tesla Eyes 4-Month High Close, Amazon Hits $2 Trillion Value: What's Driving Markets Wednesday?
Wall Street experienced a mixed session on Wednesday, as investors adopted a cautious stance following Tuesday's gains while awaiting key economic data releases later this week, including the Fed's pr
10 Consumer Discretionary Stocks With Whale Alerts In Today's Session
This whale alert can help traders discover the next big trading opportunities.Whales are entities with large sums of money and we track their transactions here at Benzinga on our options activity scan
First Solar Under Scrutiny for Ties, Donations to Biden Administration - Report
Why This Aptiv Analyst Turns Bearish After The Deal Between Rivian, Volkswagen
Aptiv PLC (NYSE:APTV) was recently upgraded to Strong Buy in the Zacks rating system. While the announcement of a joint venture between Rivian Automotive Inc (NASDAQ:RIVN) and Volkswagen (OTC:VWAGY) m
Peering Into Owens-Corning's Recent Short Interest
Owens-Corning's (NYSE:OC) short percent of float has risen 15.06% since its last report. The company recently reported that it has 1.82 million shares sold short, which is 2.75% of all regular shares
Rivian/Volkswagen Deal a 'Red Flag' for Auto Tech Suppliers Like Aptiv - Analyst
Nvidia, a great bull, is pushing special ETFs to join the ranks of large funds with its category of "overtaking on the bend."
Despite recent drop of Nvidia, the total assets under management of the special etf category fund soared to $5 billion, a 425% surge since the beginning of the year.
J.D. Power Projects June New-Vehicle Sales Between 1.27M and 1.34M Units; Dealer Software Outages Disrupt Sales, Rapid Recovery Expected in July
J.D. Power Projects June New-Vehicle Sales Between 1.27M and 1.34M Units; Dealer Software Outages Disrupt Sales, Rapid Recovery Expected in July
Tesla's FSD is derived from the self-owned brand's "encirclement" strategy: Huawei ADS 3.0 version first uses Avita, and He Xiaopeng invited Musk to experience Xiaopeng's intelligent driving.
Exclusive from Cailian Press, it was learned that Huawei's smart driving system ADS 3.0, which was released before the April Beijing Auto Show this year, will first use Nvidia's AVP. The industry generally believes that Tesla's FSD will become an object of learning and will also promote the progress of the industry after entering China.
GM Appoints Marc Whitten As New Cruise CEO, Gears Up For Robotaxi Resumption Amid Tesla Challenge
General Motors' (NYSE:GM) autonomous driving unit Cruise has appointed Marc Whitten as its new Chief Executive Officer (CEO) as it seeks to resume its robotaxi operations after a suspension that laste
Elon Musk's EV Giant Will See Revenue From Its Auto Business Slumping This Year, But Tesla 'May Hold Some Important Cards In The Evolution Of The US Grid,' Says Analyst
Morgan Stanley analyst and Tesla Inc (NASDAQ:TSLA) bull Adam Jonas forecasts Tesla's revenue from its energy segment to rise this year as its core EV business witnesses a revenue fall. What Happened:
US Stock Market Outlook: Goldman Sachs predicts that the S&P 500 index will hit a new high in July; Nvidia shareholder meeting and Micron quarterly report are both coming, rising over 2% before the market opens.
BNP Paribas: with the Fed rate cut approaching, the S&P 500 index will maintain a "buy on dips" pattern; Rivian soaring nearly 42% pre-market, announced a joint venture with Volkswagen to develop the next generation of electric autos and software; FedEx surging over 14% pre-market, annual profit guidance exceeding expectations.