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☆ Some analysts see a buying opportunity in Tesla for 2023 despite persistent demand pressures
  + stars: | 2023-01-03 | by ( Sarah Min | ) www.cnbc.com   time to read: +4 min
Some Wall Street analysts see a buying opportunity in Tesla in 2023 — though others think the car maker's recent deliveries miss spells trouble for the electric vehicle maker. Kallo's $252 price target implies the stock can more than double from Friday's closing price of $123.18. The anayst reiterated a buy rating on Tesla, and maintained a $275 price target. Bernstein's Toni Sacconaghi also had an underperform rating on the stock, saying he expects that consensus estimates are too high, and that demand pressures will continue for Tesla. His $150 price target represents roughly 22% upside for shares of Tesla.
☆ Two Tesla watchers weigh in on the road ahead for the company and stock
  + stars: | 2022-12-30 | 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 EmailTwo Tesla watchers weigh in on the road ahead for the company and stockTim Higgins, Technology Reporter at the Wall Street Journal, and George Gianarikas, Analyst at Canaccord Genuity, join Worldwide Exchange to discuss Tesla's performance in 2022.
☆ Tesla or Rivian? The pros predict what 2023 will look like for the two stocks
  + stars: | 2022-12-29 | by ( Weizhen Tan | ) www.cnbc.com   time to read: +4 min
It's been a tumultuous year for electric vehicle stocks, and two investor favorites, Tesla and Rivian , have been no exception. More recently, in early December, he told CNBC Pro that his price target for Tesla is $304. For now, we view this as short-term noise and, over the medium to long term, see Tesla's stock tied to Tesla's earnings." Evercore gave Rivian a price target of $35 for 2023, or 97% upside — lower than its 220% for Tesla. "The fact that Ford decided to sell Rivian stock rather than partner with Rivian is a long-term problem," he added.
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☆ EV sales can rebound in China during the second half of '23, says Canaccord's Gianarikas
  + stars: | 2022-12-27 | 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 sales can rebound in China during the second half of '23, says Canaccord's GianarikasGeorge Gianarikas, Canaccord Genuity analyst, joins 'Closing Bell' to discuss why he is maintaining a buy rating on Tesla, what happened to the company's estimates next year and Elon Musk devoting so much attention to Twitter.
☆ Tesla stock 'holiday coal' will turn into 'diamond' over long term, Canaccord Genuity says
  + stars: | 2022-12-22 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +2 min
Tesla sentiment is "cosmically bad" and its shareholder base is "distraught," but this too shall pass, according to Canaccord Genuity. "We are adjusting our estimates and price target to $275 (from $304) but — with the current pressure and some patience — trust this holiday coal will turn into a long-term performance diamond," Canaccord analyst George Gianarikas said in a note Wednesday. In addition, improvements in the inflation backdrop could create a margin tailwind, and in improving supply of battery cells could help with fundamentals, Gianarikas said. "Remarkably, the current performance drawdown is the worst in Tesla's stock history — even with a head-spinning decade of volatility," he said. "While current fundamentals appear fairly uncertain, we look to potential green shoots in 2023 and sustained extraordinary growth beyond to help improve equity performance."
☆ Tesla shares slide nearly 9% on demand concerns, Elon Musk's Twitter distraction
  + stars: | 2022-12-22 | by ( Lora Kolodny Rohan Goswami | Lora Kolodny | Rohan Goswami | ) www.cnbc.com   time to read: +2 min
"Elon Musk is doing Elon Musk things," Canaccord's George Gianarikas wrote. Shares in electric vehicle maker Tesla slid by around 9% in mid-day trading on Thursday as analysts grow increasingly uncertain of the company's outlook. The price cuts on Tesla's Model 3 sedan and Model Y crossover are seen as a sign of weakening demand. Buyers of Tesla, and other electric vehicles made in the U.S., will likely qualify for a $7,500 incentive starting in January stemming from Biden's Inflation Reduction Act. Musk took Twitter private in a $44 billion deal that closed at the end of October, selling off around $23 billion in Tesla shares to finance the deal.
☆ There are many reasons to be excited about Tesla in the next six to 12 months: Analyst
  + stars: | 2022-12-08 | 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 EmailThere are many reasons to be excited about Tesla in the next six to 12 months: AnalystGeorge Gianarikas of Canaccord Genuity says there are "plenty of things" that can stimulate demand for the company.
☆ Electric vehicle makers burning cash, slammed by sky-high costs
  + stars: | 2022-11-14 | by ( Akash Sriram | ) www.reuters.com   time to read: +5 min
[1/2] A Canoo Lifestyle Vehicle is displayed during the 2021 LA Auto Show in Los Angeles, California, U.S. November, 17, 2021. Quarterly reports from electric vehicle (EV) makers from the past two weeks show them struggling to hit delivery targets and rapidly burning through cash. At the end of September, it had $6.8 million in cash and equivalents, down sharply from $415 million a year earlier. Still, higher output would ultimately reduce the cost per car and limiting production can threaten the path to profitability, analysts said. Rivian, backed by Amazon.com (AMZN.O) and Ford Motor (F.N), had $13.8 billion cash on hand at the end of September.
☆ Another beaten down recent IPO may go private. Here's a look at who might be next
  + stars: | 2022-10-26 | by ( Christina Cheddar Berk Fred Imbert | Christina Cheddar Berk | Fred Imbert | ) www.cnbc.com   time to read: +6 min
Weber , which went public in August 2021 and is trading at half its offering price, is the latest example of a recent IPO to attract a bid to go private. Recent IPOs ducking for the door First, to understand why we selected these criteria, let's look at the recent deals. Kennedy Lewis' $4 per share cash offer was an 83% premium to F45's closing price ahead of the deal announcement, even though it was far below the stock's $16 IPO price. Even with the lift from the deal news, shares are only trading at less than half its $14 IPO price. Private equity company AEA Investors had a 28.4% stake in the company, and CEO Jeremy Andrus owns an 11% stake, according to FactSet.
☆ Supply and demand constraints threaten Tesla's growth prospects
  + stars: | 2022-10-19 | 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 EmailSupply and demand constraints threaten Tesla's growth prospectsTim Higgins, reporter with the Wall Street Journal, and George Gianarikas with Canaccord Genuity, join 'Power Lunch' to discuss Tesla demand as the company addresses supply concerns, disruptions from currency headwinds and earnings expectations.
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