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In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla developments in China could be key for the company, says RBC's Tom NarayanTom Narayan, lead equity analyst of global autos at RBC Capital Markets, joins CNBC's 'The Exchange' to discuss Elon Musk's visit to China, the path forward for self-driving, and more.
Persons: Tom Narayan Tom Narayan, Elon Musk's Organizations: RBC Capital Markets Locations: China
EV prices will continue to decrease, says RBC's Tom Narayan
  + stars: | 2024-04-24 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEV prices will continue to decrease, says RBC's Tom NarayanHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.
Persons: Tom Narayan, Brian Sullivan, Organizations: CNBC
Tesla is due to report earnings after the bell Tuesday, with Wall Street looking for any sign of a reprieve from this year's struggles. Here's the company's setup heading into the report, what analysts expect and which product updates analysts and investors are going to focus on. Big earnings drop expected For the first quarter, analysts polled by LSEG expect Tesla to report earnings of 51 cents per share, which represents a 39.8% year-over-year decline in earnings. Wells Fargo's Colin Langan maintained his underweight rating and cut his price target to $120 a share, citing poor fundamentals. Deutsche Bank's Emmanuel Rosner downgraded the stock to hold from buy and slashed his price target to $123 a share.
Persons: Tesla, Tom Narayan, Itay Michaeli, Wells Fargo's Colin Langan, Deutsche Bank's Emmanuel Rosner, Rosner, Morgan Stanley's Adam Jonas, Jonas, Elon Musk, Musk, America's John Murphy, Murphy, Deutsche Bank's Rosner, Levy Organizations: Management, RBC, LSEG, Citi, Deutsche, EV, Reuters, America's, Barclays, Tesla
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRegulatory approval on FSD is critical for Tesla, says RBC's Tom NarayanTom Narayan, RBC Global Autos Analyst, joins 'Closing Bell Overtime' to talk Tesla's share slide and what to expect from tomorrow's earnings.
Persons: Tesla, Tom Narayan Tom Narayan Organizations: RBC Global
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk is trying highlight the value that robotaxis could bring, says RBC Capital's Tom NarayanTom Narayan, RBC Capital Markets global autos analyst, joins 'Squawk Box' to discuss Tesla' rollout of its robotaxi,
Persons: Elon Musk, Tom Narayan Tom Narayan, Tesla Organizations: RBC, RBC Capital
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailPricing is one of the biggest reasons behind EV slowdowns, says RBC's Tom NarayanTom Narayan, RBC Capital global autos analyst, joins ‘Money Movers’ to discuss why he believes the EV demand will reignite, his take on hybrid vehicles, and more.
Persons: Tom Narayan Tom Narayan, Organizations: EV slowdowns, RBC Capital
Some investors may be hesitant about buying Tesla right now, but one analyst is bullish on the stock. Over the last 12 months, the stock of Elon Musk's auto giant has plunged by nearly 14.5%. One global autos analyst, however, sees opportunities in investing in Tesla, particularly in the longer term. TSLA YTD mountain Year-to-date shares in Tesla The investment bank has an outperform rating on Tesla at a target price of $298, giving it close to 79% potential upside. As for the longer term, Narayan is looking at pockets of growth beyond Tesla's automotive business.
Persons: Tesla, Tom Narayan, CNBC's, Narayan, Organizations: Elon, FactSet, RBC Capital Markets, Tesla Locations: U.S, Tesla
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAnalyst: Tesla is still an attractive play for the long run, but not for its car businessTom Narayan from RBC Capital Markets talks about his view on Tesla.
Persons: Tesla, Tom Narayan Organizations: RBC Capital Markets
Since 2020, Clean Energy Transition has been short Tesla's stock, meaning Lekander's firm will profit if the automaker's shares fall. Lekander has taken his bearish Tesla call further, suggesting the stock could fall to $14 per share. watch nowIf Tesla's stock hit $14, that would represent around 91% downside from Tuesday's close. Analysts at HSBC and TD Cowen cut their price targets on Tesla's stock on Wednesday. Cathie Wood's Ark Invest bought Tesla stock for some of its funds this week ahead of the first-quarter delivery numbers in a sign of support.
Persons: Elon Musk, Tesla, Antonio Masiello, shorting, Lekander, Tesla's, that's, Richard Windsor, Windsor, Dan Ives, Ives, TD Cowen, Cathie Wood, Tom Narayan, CNBC's Organizations: Fratelli, shorting Elon, CNBC, Wednesday, Clean, Lansdowne Partners, Volkswagen, Radio Free Mobile, Wedbush Securities, HSBC, Invest, RBC Capital Markets Locations: Italy, Rome
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla's next vehicle will be the growth catalyst for the company, says RBC's Tom NarayanTom Narayan, RBC Capital global autos analyst, joins 'Squawk on the Street' to discuss why things will turnaround for Tesla, what investors are missing in Tesla's story, and what will keep the stock where it's at until its next vehicle launch.
Persons: Tom Narayan Tom Narayan Organizations: RBC Capital, Tesla
Forget Tesla , the real competition in electric vehicles is low-cost Chinese automakers. Farley wants to be prepared even if the U.S. government were to step in to curtail Chinese automakers' access. Outlook Ford investors shouldn't be concerned in the short term since Chinese EV competitors won't enter the market overnight. To that end, a group of lawmakers has urged the White House to boost tariffs on Chinese vehicles and figure out a way to be "prepared to address the coming wave" of Chinese vehicles by way of U.S. other trading partners. The cost of production will become more efficient, resulting in a more competitive and hopefully profitable Ford EV product.
Persons: Forget Tesla, Jim Farley, BYD, Ford, Farley, , Warren, Berkshire Hathaway, Morgan Stanley, I've, Tom Narayan, Stellantis, Narayan, Tesla, Jim Cramer, Jim, It's, RBC's Narayan, Ford's Farley, Wolfe, Jeff Windau, Edward Jones, shouldn't, Biden, Windau, doesn't bode, Jim Cramer's, Charly Triballeau Organizations: Nikkei, Wolfe Research, Ford, RBC Capital Markets, U.S, EV, Detroit, General Motors, Chrysler, Ford Blue, Ford Pro, Ford Model, CNBC, ICE, Ferrari, North, Outlook, Bloomberg, Ford EV, American EV, AFP, Getty Locations: U.S, Mexico, China, Europe, Indonesia, Hungary, Thailand, Inwood , New York
Analysts are growing cautious on Rivian shares as its struggles are worsened by weak electric vehicle demand. RBC has a $15 per share price target, which is roughly 3% below Wednesday's close of $15.39. RIVN 1D mountain Rivian stock. Narayan said legacy automakers are in a better position to navigate the current slowdown in EV demand, and said he expects Rivian stock to "to come under pressure." Langan lowered his price target to $14 per share from $18.
Persons: Rivian, Tom Narayan, expected.It, Narayan, FactSet, Wells, Colin M, Langan, Goldman Sachs, Mark Delaney, Delaney, — CNBC's Michael Bloom Organizations: RBC Capital, RBC, Barclays Locations: Wednesday's
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe vague details on Tesla's investor call are 'concerning,' says RBC analystTom Narayan, lead equity analyst at RBC Capital Markets, discusses Tesla's results and its profits expectations as the company misses fourth-quarter revenue goals.
Persons: Tom Narayan Organizations: RBC, RBC Capital Markets
RBC Capital's Tom Narayan presents a bullish case for Tesla
  + stars: | 2024-01-24 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRBC Capital's Tom Narayan presents a bullish case for TeslaTom Narayan, RBC Capital global auto analyst, joins 'The Exchange' to discuss Tesla production predictions, the potential of robotaxis, and more.
Persons: Tom Narayan, Tesla Tom Narayan Organizations: RBC, RBC Capital
The logo of a Tesla electric vehicle is placed on a car outside a dealership in Drogenbos, Belgium November 25, 2023. REUTERS/Yves Herman/File Photo Acquire Licensing RightsDec 1 (Reuters) - Tesla shares (TSLA.O) fell about 2% on Friday after the highly anticipated launch of its Cybertruck left analysts concerned about the electric vehicle's steep price tag and a longer wait for significant financial payoff. Musk has said Tesla was likely to reach a production rate of roughly 250,000 Cybertrucks a year in 2025. At $235.45, Tesla was set to lose about $15 billion in market valuation on Friday. "Cybertruck is more of a 'halo' product, in our view, to attract consumers to the brand for the mainstream vehicles Model 3 and Model Y," RBC Capital Markets analyst Tom Narayan said.
Persons: Yves Herman, Elon Musk, Wedbush, Bernstein, Musk, Tesla, Tesla's, Rivian, R1T, Tom Narayan, Samrhitha Arunasalam, Chavi Mehta, Devika Organizations: REUTERS, General Motors, Hummer, RBC Capital, Thomson Locations: Drogenbos, Belgium, Bengaluru
What Tesla's Cybertruck means for the future of the automaker
  + stars: | 2023-11-30 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWhat Tesla's Cybertruck means for the future of the automakerTom Narayan, RBC Capital global auto analyst, joins 'Power Lunch' to discuss the Tesla Cybertruck as it begins this afternoon's first deliveries and more.
Persons: Tom Narayan Organizations: RBC Capital
Tesla is set to kick off deliveries of its long-awaited Cybertruck Thursday, but not everyone on Wall Street is convinced the debut will move the needle in terms of stimulating growth for the Elon Musk-run company. TSLA 1M mountain Tesla shares over the last month To be sure, despite some cautionary commentary from major Wall Street firms, Tesla shares have almost doubled in 2023 as investors veered back into growth stocks. "However unlikely just a few days before first deliveries, canceling Cybertruck would probably be positive for shares," he wrote in a report to clients while reducing his Tesla price target to $210 from $250 a share. By itself, however, the new truck won't help Tesla's shares, Guggenheim believes. Jewsikow most recently retained a $125 price target on the stock, implying 49% downside from Wednesday's close.
Persons: Tesla, Ronald Jewsikow, Philippe Houchois, Tom Narayan, Narayan, Guggenheim's, Tesla's, Guggenheim, — CNBC's Michael Bloom Organizations: Elon, Guggenheim Securities, Tesla, Treasury, Jefferies, RBC Capital, RBC
Hybrid vehicle market share has picked up pace in 2023 despite all the investment pouring into EVs. From October 2022 to October of this year, total vehicle market share for hybrids grew from 6.5% to 11.4%, according to data from Edmunds. Over the same time period, EV market share growth was more sluggish, expanding from 6% to 7.5%. Toyota 's 2024 Prius, often called the "gold standard" in hybrid vehicles, was named MotorTrend's car of the year. The uptick in hybrid sales won't likely spell doom and gloom for the EV market over the long-term.
Persons: Stephanie Valdez Streaty, Valdez Streaty, Edmunds, Goldman Sachs, Tesla, Mark Delaney, David Christ, Honda, Michelle Krebs, Sienna, Krebbs, Ford, Dan Levy, Levy, EVs, headwinds, BEV, Tom Narayan Organizations: Cox Automotive, Ford, General Motors, Wall, Toyota, ICE, EV, Toyota Motor's, Wall Street, Los Angeles Auto, FactSet, Tesla, Barclays, GM, Biden, U.S, BMO Capital Locations: Edmunds, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailLong-term demand for EVs remains intact despite short-term soft spot, says autos analystTom Narayan, lead equity analyst for global autos at RBC Capital Markets, dissects the latest car registration data and weighs in on what he says are misconceptions about electric vehicles in the U.S. and Europe.
Persons: Tom Narayan Organizations: RBC Capital Markets Locations: U.S, Europe
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailEV sales for automakers will be sluggish in the near term, says RBC Capital's Tom NarayanTom Narayan, RBC Capital global auto analyst, joins 'Power Lunch' to discuss the impact of the UAW's tentative deal on automakers.
Persons: Tom Narayan Tom Narayan Organizations: RBC, RBC Capital
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailGeneral Motors' stock has been punished 'somewhat unfairly' by the UAW strike, says analystTom Narayan of RBC Capital Markets says the issue of the UAW strike is "overblown" and shares why he is optimistic on the prospects for the stock.
Persons: Tom Narayan Organizations: General Motors, UAW, RBC Capital Markets
[1/4] Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. To prevent demand from waning, market leader Tesla, with industry-leading profit margins, has been the first and most aggressive in slashing prices, forcing others to follow suit and squeezing margins. "If interest rates remain high ... it's that much harder for people to buy the car. They simply can't afford it," Musk said, adding he would "accelerate" expansion of the Mexico factory if interest rates come down. That is not expected in the United States until June 2024, based on current market estimates , with recent robust economic data suggesting the central bank might leave interest rates higher for longer.
Persons: Aly, Elon Musk, Musk, Tesla, Ford, Tom Narayan, Narayan, Abhirup Roy, Ben Klayman, Jamie Freed Organizations: REUTERS, FRANCISCO, Wednesday, General Motors, Ford, EV, GM, Chevrolet Silverado, GMC, Air, RBC Capital Markets, Reuters, Thomson Locations: China, Shanghai, Mexico, Michigan, Detroit, U.S, United States, San Francisco
Tesla Q3 earnings: Here's what to expect
  + stars: | 2023-10-18 | by ( ) www.cnbc.com   time to read: 1 min
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailTesla Q3 earnings: Here's what to expectTom Narayan, RBC Capital Markets global auto analyst, joins 'Power Lunch' to discuss Tesla ahead of its earnings.
Persons: Tom Narayan Organizations: RBC Capital
UAW strike enters fourth week: Where things stand
  + stars: | 2023-10-06 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAW strike enters fourth week: Where things standTom Narayan, European autos and commercial truck analyst at RBC Capital Markets, and Ann Marie Uetz, partner and trial attorney with Foley, join 'Power Lunch' to discuss the latest with the UAW strike and where it's headed.
Persons: Tom Narayan, Ann Marie Uetz, Foley Organizations: UAW, RBC Capital Markets
UAW ready to strike at big 3 plants
  + stars: | 2023-09-14 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailUAW ready to strike at big 3 plantsThird Way's Ellen Hughes-Cromwick and RBC Capital's Tom Narayan, join 'Power Lunch' to discuss the UAW potential strike and what it means for U.S. automakers.
Persons: Ellen Hughes, Tom Narayan Organizations: UAW, Cromwick, RBC, U.S
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