The bulk of Stifel's new Tesla price target is predicated on the company's Full Self-Driving and robotaxi technologies.
Tesla CEO Elon Musk sat with Ron Baron for an hour on Friday. Here's what they talked about.
Electric vehicle (EV) manufacturer Tesla (NASDAQ: TSLA) has received a bullish outlook from Wall Street, with an analyst citing the company's advances in autonomous driving.
When Peruvian green energy entrepreneur Luis Zwiebach wanted to buy an electric vehicle in 2019, he flew 4,000 miles to California to test drive Tesla's Model 3 sedan. But Tesla lacked an official importer and he couldn't find a way around Peru's complex vehicle import procedures.
Tesla aims to dominate the autonomous vehicle and robotics markets. Its research and development costs rose 57% at the same time as its operating margin is tumbling.
Australia's Syrah Resources said on Monday that it had agreed with Tesla to extend the deadline to tackle an alleged default of their graphite supply agreement for the second time in two months as the miner works to keep its U.S. operations buoyant.
Tesla is now requiring its suppliers to exclude China-made components in the manufacturing of its cars in the U.S., the Wall Street Journal reported on Friday.
This year's U.S. tariffs on Chinese imports pushed the EV maker to accelerate its strategy of cutting China-made components out of its U.S. production.
Billionaire investor George Soros's investment fund sold stakes in electric-vehicle makers Tesla and Rivian in the quarter ended Sept. 30 — instead preferring to open a fresh position in legacy automaker Ford, according to a securities filing released late Friday.
Ron Baron has amassed a massive $8 billion in personal gains from Tesla shares. In a recent interview, Baron reiterated his ultra-bullish stance on Tesla.
Tesla has published the most detailed look at the performance and relative safety of its advanced driver assistance software, just a few weeks after Waymo's co-CEO Tekedra Mawakana at TechCrunch Disrupt called on companies to release more data.
The cryptocurrency market was also hit by a selloff, with the price of bitcoin dropping below $96,000 for the first time in six months before paring back earlier losses. The world's most valuable cryptocurrency is down more than 6.3% over the past 24 hours, falling to around $96,466 after earlier falling to as low as $94,592, the lowest level for the leading cryptocurrency since May.