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☆ Xiaomi Q3 revenue soars 30.5% as sales of its first electric car surge
▼ + stars: | 2024-11-18 | by ( ) www.cnbc.com time to read: +1 min

GUANGZHOU, CHINA - NOVEMBER 15, 2024 - Visitors view a Xiaomi SU7 Ultra new energy vehicle at 2024 Guangzhou Auto Show in Guangzhou, South China's Guangdong province, Nov 15, 2024. Revenue came in at 92.5 billion yuan ($12.77 billion) for the quarter ended Sept. 30, beating an LSEG consensus estimate from 15 analysts of 91.1 billion yuan. The unit reported an adjusted loss of 1.5 billion yuan for the quarter, with a gross profit margin of 17.1%. During the quarter, Xiaomi maintained its position as the world's third-largest smartphone maker with shipments of 42.8 million units, up 3% and capturing 14% of the market, according to research firm Canalys. Xiaomi reported adjusted net profit climbed 4.4% to 6.25 billion yuan, versus a consensus estimate of 5.92 billion yuan.

Persons: Xiaomi Corp, Xiaomi Organizations: Show, Publishing, Getty Images, Xiaomi, Porsche, China EV, Revenue, Huatai Securities Locations: GUANGZHOU, CHINA, Guangzhou, South China's Guangdong, China

☆ Here are Monday's biggest analyst calls: Nvidia, Netflix, Tesla, Roku, Moderna, CVS, Alphabet, Robinhood & more
▼ + stars: | 2024-11-18 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Oppenheimer reiterates Netflix as outperform Oppenheimer said the Jake Paul-Mike Tyson fight "demonstrates [the] ability for meaningful" live event viewership for Netflix. Goldman Sachs initiates Ingram Micro as buy Goldman said the IT solutions provider is well positioned. Goldman Sachs initiates Gatx as buy Goldman said it's bullish on the railcar company. Baird upgrades Roku to outperform from neutral Baird said in its upgrade of Roku that it sees an "attractive long-term opportunity." Needham upgrades Robin Hood to buy from hold Needham said the stock is a beneficiary of the Trump election.

Persons: Oppenheimer, Jake Paul, Mike Tyson, it's bullish, Goldman Sachs, Ingram, Goldman, Baird, Morgan Stanley, Raymond James, Wells, Needham, Biogen, it's, Robin Hood, Trump, Donald Trump's, Bernstein, Tesla Organizations: Netflix, Citi, Astera, Ingram, GATX Corporation, RBC, UBS, Franco, Wheaton Precious Metals, WPM, HSBC, Moderna, Air Products, Hewlett Packard Enterprise, Enterprise, Aetna, Bank of America, Nvidia, " Bank of America, DOJ, Google, BMO, SEC, EV Locations: Nevada, Asia

☆ Jim Cramer says 'nothing truly dulls the case' for owning Tesla stock
▼ + stars: | 2024-11-18 | by ( Julie Coleman | ) www.cnbc.com time to read: +2 min

CNBC's Jim Cramer made the case for owning Tesla stock, saying it's worthwhile not because President-elect Donald Trump reportedly wants to relax U.S. self-driving rules, but because of CEO Elon Musk himself. "While I don't buy the national self-driving mandate, I think nothing truly dulls the case for owning Tesla," he said. "The Musk premium will work its magic in other ways, perhaps favorable municipalities and Tesla rentals next to federal highways." But Cramer suggested that the Trump team's plans for autonomous vehicles might be easier said than done. Cramer also stressed that Tesla stands apart from its EV peers because of its tech focus.

Persons: CNBC's Jim Cramer, Donald Trump, Elon Musk, Tesla, Trump, Cramer, Elon, Trump's Organizations: Bloomberg, Trump, Barclays, SpaceX

☆ Top Wall Street analysts are upbeat on these stocks for the long haul
▼ + stars: | 2024-11-17 | by ( Tipranks.Com Staff | ) www.cnbc.com time to read: +6 min

Recommendations from Wall Street can help them make informed decisions on stocks and seek solid long-term returns. Top-rated analysts pay attention to multiple aspects when selecting stocks of companies with solid fundamentals and strong execution. Bearing that in mind, here are three stocks favored by the Street's top pros, according to TipRanks, a platform that ranks analysts based on their past performance. See Amazon Stock Charts on TipRanks. Mahaney thinks UBER will gain from autonomous vehicle rollouts, given its position as the largest ride-sharing demand aggregator.

Persons: Brian White, White, TipRanks, Mark Mahaney, Mahaney, Andrew Harte, Jack Dorsey, Harte Organizations: Web Services, Amazon, Technologies, Uber's, Business, Uber Technologies, BTIG Locations: AMZN

☆ Tesla Cybertrucks have joined the growing number of luxury EVs that can now be leased
▼ + stars: | 2024-11-16 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +3 min

Part of the reason is due to a tax credit program that the Cybertruck has been largely left out of. Tesla is offering the Cybertruck for lease a year after the EV company made its first deliveries to customers. However, leasing an EV offers buyers another way to take advantage of the tax credit program without meeting every requirement. Through what's known as a "leasing loophole," dealerships can receive the tax credit and choose to pass those savings on to the buyer or lessee. But Tesla's Cybertruck has largely been left out of the federal incentive program.

Persons: Tesla, Elon Musk's, Rivian, Tesla's Cybertruck Organizations: EV, Biden, Internal, Department of Energy's

☆ Disney is avoiding more political dust-ups, but Netflix is bringing the fight to the media giant when it comes to live sports
▼ + stars: | 2024-11-15 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . You can opt-out at any time by visiting our Preferences page or by clicking "unsubscribe" at the bottom of the email. In today's big story, Disney reported strong earnings and has a bright outlook on the future, but it doesn't want to discuss politics . The big storyLet's not talk politicsBob Iger, CEO of Disney Charley Gallay/Getty ImagesWhen it comes to Donald Trump, Disney is taking a page from its famous mascot and being as quiet as a mouse. But the king of streaming — Netflix — seems unstoppable , and it's threatening a space that Disney's ESPN previously had a stronghold: live sports.

Persons: —, it's, Bob Iger, Disney Charley Gallay, Donald Trump, didn't, Iger, we've, Minnie Mouse, Iger's, BI's Lucia Moses, Ron DeSantis, Trump, Hulu —, Jake Paul, Mike Tyson, Michael Ostuni, Tyler Le, Fiona Carter, Goldman Sachs, Jerome Powell, it's Elon, Steve Schwarzman's, Sam Altman, Elon Musk, Tesla, Lina Khan's, Rebecca Zisser, Dan DeFrancesco, Grace Lett, Ella Hopkins, Hallam Bullock, Amanda Yen, Milan Sehmbi Organizations: Business, Service, Disney, Revenue, Trump, Walt Disney World, Anadolu, Getty, Disney's ABC, ESPN, Netflix, Federal Reserve, EV, Microsoft, Federal Trade Commission Locations: Asia, Hollywood, Florida, Blackstone, ChatGPT, New York, Chicago, London

☆ It’s not just Democrats. Republicans are working to Trump-proof their climate money
▼ + stars: | 2024-11-15 | by ( Ella Nilsen | Renée Rigdon | ) edition.cnn.com time to read: +6 min

CNN —President Joe Biden’s climate law is on the chopping block as Republicans prepare to have full control in Washington. But it’s not just Democrats gearing up to protect the Inflation Reduction Act’s clean energy policies. In other words, if Republicans successfully repeal Biden’s climate and clean energy law, their districts stand to lose the most. Conservative groups and companies who are using the clean energy tax credits are already starting to lobby lawmakers to save them. “To demonstrate that these tax credits are really a net profit for the economy, that really is the name of the game.”

Persons: Joe Biden’s, it’s, Donald Trump, Buddy Carter, Trevor Houser, Trump gunning, ” Houser, Carter, Mike Johnson, Johnson, “, ”, Richard Hudson —, —, Adrian Deveny, they’ll, Heather Reams Organizations: CNN, Republican, ” Republican, Republicans, Massachusetts Institute of Technology, Congressional Republicans, Trump, Hyundai EV, Hyundai, North Carolina Rep, Toyota, MIT, Climate Vision, Conservative, Citizens, Responsible Energy Solutions Locations: Washington, Georgia, Carter’s Georgia

☆ Elon Musk's Trump bump keeps growing
▼ + stars: | 2024-11-15 | by ( Jordan Hart | ) www.businessinsider.com time to read: +1 min

AdvertisementElon Musk's businesses are thriving from his relationship with Trump, boosting his net worth. Musk's AI startup xAI is raising $5 billion, while SpaceX plans a share tender offer, the FT reported. Elon Musk's businesses are booming and that appears to be at least in part the result of his deepening relationship to the now president-elect, Donald Trump. Musk's AI startup xAI is now raising $5 billion in funding, the Financial Times reported. Trump's granddaughter, Kai Trump, said Musk was "achieving uncle status" in an X post on Sunday.

Persons: Trump, Donald Trump, xAI, Musk, Kamala Harris, Vivek Ramaswamy, Ramaswamy, Kai Trump Organizations: Elon, SpaceX, Financial Times, Trump, of Government Locations: Tesla

☆ Trump may end the $7,500 EV tax credit. Elon Musk and Tesla would reap the rewards
▼ + stars: | 2024-11-15 | by ( Chris Isidore | ) edition.cnn.com time to read: +6 min

Tesla, the world’s largest maker of EVs, is the only automaker making a profit on its US EV sales. So if the EV tax credit goes away, the price of all EVs might come down. ‘It will only help Tesla’Musk signaled during the campaign that he would support ending the EV tax credit, even if raised the cost of Tesla purchases for American buyers. But the rest of the auto industry wants to keep the tax credit in place. He said that Tesla’s pricing and scale in the EV space “is an apples to oranges when compared to the rest of the auto industry once the EV tax credit disappears.”

Persons: Trump, Elon Musk, Donald Trump’s, Tesla, “, ”, Donald Trump, Jim Watson, Joe Biden’s, Biden, Garrett Nelson, Nelson, Dan Ives Organizations: New, New York CNN, Tesla, EV, Motors, Ford, Alliance, Automotive Innovation, Global, Real, Republican, Reuters, Trump, CNN, CFRA Research, “, Wedbush Securities Locations: New York, Butler , Pennsylvania, AFP, “, Detroit

☆ Ron Baron sees Tesla worth $5 trillion in 10 years, says Musk eyeing $30 trillion value one day
▼ + stars: | 2024-11-15 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

"Tesla, I think, is going to be worth $3 [trillion] or $4 trillion — $5 trillion in 10 years, based upon the business plan that I am aware of. Then Elon believes that longer term it's going to be worth $30 trillion," Baron said Friday on CNBC's " Squawk Box ." TSLA ALL mountain Tesla Tesla is seen as a big beneficiary of promised Trump administration policies as Musk has this year been a prominent backer and donor to the president-elect. Shares of Tesla have surged about 25% in November during the postelection rally to return to a $1 trillion market cap. Baron said he will hold on to his Tesla shares for the long run.

Persons: Ron Baron, Tesla, Elon Musk, Elon, Baron, Trump, Musk, Vivek Ramaswamy Organizations: Nvidia, Apple, Microsoft, EV, Republican, Tesla, Optimus Locations: U.S, Tesla

☆ Tesla's Chinese EV competitors are racing to build their own Optimus rivals
▼ + stars: | 2024-11-15 | by ( Tom Carter | ) www.businessinsider.com time to read: +3 min

Tesla's Chinese rivals are building their own humanoid robots to rival Tesla. EV startup Xpeng unveiled its Iron humanoid robot at its AI day event this month. The company said Iron was already deployed in its factories, joining BYD and Nio in using humanoid robots to build cars. AdvertisementTesla is facing fierce competition in China from local EV makers — and now they're building their own versions of Elon Musk's Optimus robot. AdvertisementThe scramble to incorporate humanoid robots comes as Elon Musk touts Tesla's Optimus robot.

Persons: Iron, —, Tesla, Elon, Xpeng, Ubtech, Walker, BYD, Elon Musk, Tesla's Organizations: Service, —, Aircraft, Dongfeng Motors, EV, Elon Locations: BYD, China, Tesla

☆ Trump's transition team aims to kill Biden EV tax credit: Reuters
▼ + stars: | 2024-11-14 | by ( ) www.cnbc.com time to read: +3 min

Win Mcnamee | Getty Images News | Getty ImagesPresident-elect Donald Trump's transition team is planning to kill the $7,500 consumer tax credit for electric-vehicle purchases as part of broader tax-reform legislation, two sources with direct knowledge of the matter told Reuters. Ending the tax credit could have grave implications for an already stalling U.S. EV transition. Representatives with the Trump transition and Tesla did not immediately respond to requests for comment. The alliance last month in an Oct. 15 letter urged Congress to retain the EV tax credits, calling them "critical to cementing the U.S. as a global leader in the future of automotive technology and manufacturing." Trump's energy transition team views the consumer EV credit as an easy target, believing that eliminating it would get broad consensus in a Republican-controlled Congress as part of a larger tax-reform bill.

Persons: Joe Biden, Biden, Win Mcnamee, Donald Trump's, Tesla, Elon Musk, Joe Biden's, oilman Harold Hamm, Doug Burgum, Mary Barra, Ngan, Trump, Donald Trump, Allison Robbert Organizations: White, Washington , D.C, Getty, Reuters, Trump, EV, Motors, Continental Resources, North Dakota, General Motors, Chevrolet Silverado, Huntington Place Convention, Afp, Alliance, Automotive Innovation, Tesla, Republican, Republicans, Hyatt Locations: Washington ,, Detroit , Michigan, Florida, Washington , DC

☆ Blue Bird, one of Indonesia's largest taxi companies, talks about its shift toward electric vehicles
▼ + stars: | 2024-11-14 | 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 EmailBlue Bird, one of Indonesia's largest taxi companies, talks about its shift toward electric vehiclesAndre Djokosoetono, president director of Blue Bird Group, discusses his hopes if growing the company's EV fleet in Indonesia to 10% within the next three to five years, and how public charging stations are aiding their efforts.

Persons: Andre Djokosoetono Organizations: Blue Bird Group, EV Locations: Indonesia

☆ The new Google Maps update is perfect for last-minute shoppers
▼ + stars: | 2024-11-14 | by ( Ana Altchek | ) www.businessinsider.com time to read: +3 min

Google Maps launched updates to help last-minute shoppers avoid the lines and find nearby products. AdvertisementIf you're a last-minute shopper, Google Maps has you covered this holiday season. Related storiesThe feature adds in-store inventory information from retailers and highlights it on the Google Maps app. Google Maps also added an update for EVs that allows drivers to plan trips on the phone and send routes with charging stops to their vehicle's Google app. The new Google Maps updates come just a couple of weeks after the platform got an AI overhaul with integrated Gemini features.

Persons: — Organizations: Google, EV, Service

☆ Why Musk supports Trump getting rid of EV tax credits
▼ + stars: | 2024-11-14 | by ( Graham Rapier | ) www.businessinsider.com time to read: +6 min

Tesla stands to benefit from any removal of consumer tax credits on electric vehicle purchases. AdvertisementElon Musk supports a Trump plan to end tax credits of up to $7,500 for electric vehicle purchases. On Thursday, Reuters reported that Trump plans to end the EV tax credit, with support from Tesla representatives. In October, the Alliance for Automotive Innovation, an industry group representing Ford, GM, Honda, Toyota, and others, urged Congress to keep the tax credits. While Musk supports cutting the EV tax credit, reports of its potential demise appear to have spooked investors.

Persons: Tesla, Elon Musk, EVs, —, Elon, Musk, Trump, Kelley, Dan Ives, Joe Biden's, It's, Vaibhav Taneja, Benjamin Zhang Organizations: Service, US, Reuters, Ford, Tesla, Republican, BMW, Honda, Hyundai, Alliance for Automotive Innovation, GM, Toyota, Politico Locations: Detroit, Mexico

☆ How Elon Musk’s worst business decision led him to Trump
▼ + stars: | 2024-11-13 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

New York CNN —Elon Musk, the world’s richest person, will be taking on an official role to try to help President-elect Donald Trump make government more efficient. It will add yet another responsibility to an ever-growing to-do list for the increasingly distracted CEO and business leader. Tesla, Musk’s most valuable company, in recent years has struggled to maintain its dominance of the electric vehicle market. Of course, that’s if Trump and Musk remain on good terms. And no matter how much power and influence Musk could yield, Trump will hold the ultimate trump card: He’ll be president.

Persons: New York CNN — Elon Musk, Donald Trump, Musk, Tesla, Trump, ”, Dan Ives, Ives, “, it’s, ” Ives, He’ll Organizations: New, New York CNN, SpaceX, Boring, EV, Wedbush Securities, Trump White House, Tesla, Trump, Bloomberg, Boeing, Fidelity, Twitter Locations: New York, China

☆ VW's $5.8 billion investment in Rivian isn't guaranteed. Here are the milestones the EV maker needs to hit
▼ + stars: | 2024-11-13 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

DETROIT — Volkswagen Group increased its planned investment for a joint venture with electric vehicle startup Rivian Automotive to $5.8 billion as the companies have broader aspirations than they initially announced for the team-up. Investors were impressed with the details of the deal, sending shares of Rivian up 13% in trading Wednesday. The companies said they expect roughly 1,000 people to work for the joint venture. But VW's capital to Rivian isn't guaranteed, and neither is the success of the deal. The automotive industry has seen a number of major mergers and joint ventures that don't result in long-term successes.

Persons: Rivian, Rivian isn't Organizations: DETROIT — Volkswagen Group, Automotive, Investors, VW Locations: Normal , Illinois, Georgia, Rivian

☆ How the Trump administration will add large benefits to Tesla, justifying postelection run, per Deutsche Bank
▼ + stars: | 2024-11-12 | by ( Samantha Subin | ) www.cnbc.com time to read: +3 min

Deutsche Bank anticipates more tailwinds ahead for Tesla under the incoming Trump administration. TSLA YTD mountain Shares this year Musk is already making strides in his alliance with Trump. ), we see potential large terminal value benefits to Tesla's efforts in auto, robotaxi, and even humanoid robotics," wrote Yu. Yu views China as the biggest potential uncertainty for Tesla as the Trump administration touts tariffs on goods from the world's second-largest economy. A repeal of the Biden administration's Inflation Reduction Act could also benefit shares of Tesla and give it an edge over legacy automakers General Motors and Ford.

Persons: Trump, Elon's Musk, Donald Trump, bode, Edison Yu, JD Vance, Yu, Tesla Organizations: Deutsche Bank, Tesla, Trump . Deutsche Bank, Trump, White House, Biden, General Motors, Ford Locations: China

☆ Loss-making EV firm VinFast to get $3.4 billion more funding from founder, parent company
▼ + stars: | 2024-11-12 | by ( ) www.cnbc.com time to read: +2 min

VinFast electric vehicles are parked before delivery to their first customers at a store in Los Angeles, March 1, 2023. Nasdaq-listed electric vehicle maker VinFast said on Wednesday it will get a fresh round of funding worth $3.35 billion from its founder and its parent firm, Vingroup by 2026, when it expects to break even. Approximately $1.97 billion of the new funding is expected to come from VinFast's founder, tycoon Pham Nhat Vuong, according to a company statement. Since its inception in 2017 up until June this year, VinFast has received capital injections totaling $13.5 billion from Vingroup, its affiliates, and founder Vuong, according to a company filing in late October. In July, VinFast suspended its $2 billion manufacturing complex project in North Carolina until 2028 due to challenging market conditions.

Persons: VinFast, Pham Nhat Vuong, Vuong, Donald Trump Organizations: Nasdaq, Reuters Locations: Los Angeles, Vietnam, Vingroup, North America, North Carolina

☆ GM's newest EV is a Cadillac 'baby Escalade' called Vistiq
▼ + stars: | 2024-11-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +1 min

In this article GM Follow your favorite stocks CREATE FREE ACCOUNT2026 Cadillac Vistiq EV GMDETROIT — General Motors ' newest all-electric vehicle is a three-row SUV for its Cadillac luxury line, which the brand is dubbing a "baby Escalade." The 2026 Cadillac Vistiq will be the last in a lineup of new EVs in the brand's portfolio when it goes into production and arrives in dealer showrooms beginning in 2025. 2026 Cadillac Vistiq EV GMBrad Franz, Cadillac director of marketing, described the new vehicle as being closer to a "baby Escalade" than a larger version of the Lyriq, which was the brand's first EV, in 2022. The Vistiq will be sold globally, including in the U.S. and Canada, with production starting in early 2025 at GM's Spring Hill Manufacturing plant in Tennessee. 2026 Cadillac Vistiq EV GM

Persons: Brad Franz Organizations: EV GM DETROIT —, Motors, EV Locations: U.S, Canada, Tennessee

☆ Trump's win is already scrambling supply chains
▼ + stars: | 2024-11-12 | by ( Dominick Reuter | ) www.businessinsider.com time to read: +5 min

Donald Trump's election victory last week is already having an effect on global supply chains. While many firms are waiting to see what Trump's trade policies will be, some are moving ahead. From medical supplies to consumer products, several companies are getting an early start to changing their supply chains. Several companies, however, aren't waiting to make changes to their supply chains. Fortune Brands, which owns a portfolio of home products brands like Moen plumbing fixtures and Yale locks, has been rethinking its supply chain since Trump's tariffs in 2017.

Persons: Donald Trump's, —, Donald Trump, they've, Trump, TD Cowen, Oliver Chen, Matt Meeker, Michael Alkire, We've, Nick Fink, Clarus, Neil Fiske, Robert Scaringe, Schneider, Jim Filter Organizations: Service, Republican, Inc, Fortune Brands, Moen, Yale, Diamond Locations: China, Americas, Southeast Asia, Vietnam

☆ Rivian-Volkswagen joint venture up deal to $5.8 billion, VW cars expected as early as 2027
▼ + stars: | 2024-11-12 | by ( Michael Wayland | ) www.cnbc.com time to read: +2 min

Rivian Automotive and Volkswagen Group have released details of their previously announced joint venture ahead of the operations launching Wednesday. The name of the joint venture, which was expected to close during the fourth quarter, is "Rivian and VW Group Technology, LLC." At the closing of the joint venture, VW will invest about $1.3 billion "as consideration for background IP licenses and a 50% equity stake in the joint venture." The joint venture will be headed by Rivian Chief Software Officer Wassym Bensaid and VW Group Chief Technical Engineer Carsten Helbing. The companies said developers and software engineers from both companies will join the joint venture.

Persons: Oliver Blume, RJ Scaringe, We're, Rivian, Scaringe, Wassym, Carsten Helbing Organizations: Volkswagen Group, Rivian Automotive, VW, Volkswagen, VW Group Technology, Rivian, VW Group Locations: Rivian, Normal , Illinois, Georgia, Palo Alto , California, North America, Europe

☆ This climate startup is challenging Tesla in the race to electrify big rigs
▼ + stars: | 2024-11-12 | by ( Diana Olick | In Dianaolick | ) www.cnbc.com time to read: +4 min

Big rigs make up just 10% of the vehicles on the road, but they account for nearly 30% of total vehicle carbon emissions. Now one startup, California-based Range Energy, is focused not on the tractor but the trailer. said Ali Javidan, CEO of Range Energy. "When I push this button to activate the system, the trailer follows me," Javidan said as he demonstrated the system. Range Energy has raised $31.5 million so far, and it is backed by R7, UP.Partners, Trousdale Ventures and Yamaha Motor Ventures.

Persons: Ali Javidan, Javidan, Ricky Souza, Souza, There's, Tyler Engh, Engh, Lisa Rizzolo Organizations: Volvo, Freightliner, Tesla, Range Energy, Energy, Northern, Trousdale Ventures, Yamaha Motor Ventures, CNBC Locations: California, United States, Northern

☆ Goldman Sachs: Almost 90% of Chinese EV exports to Europe are foreign brands
▼ + stars: | 2024-11-12 | 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 EmailGoldman Sachs: Almost 90% of Chinese EV exports to Europe are foreign brandsTina Hou of Goldman Sachs discusses the impact of both U.S and Europe tariffs for Chinese electric vehicle OEMs and equipment supplier parts makers.

Persons: Goldman Sachs, Tina Hou Locations: Europe, U.S

☆ Wedbush’s Dan Ives raises Tesla price target to $400, says Trump win is a ‘gamechanger’
▼ + stars: | 2024-11-11 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +2 min

Shares of Tesla are set to soar under a second Trump presidency, according to widely followed analyst Dan Ives of Wedbush. Ives reiterated his outperform rating and hiked his 12-month price target for the electric vehicle manufacturer to $400 from $300. A Trump win will further clear the federal regulatory spiderweb that Tesla has encountered over the past few years. A Trump win also means a more bearish outlook for the overall electric vehicle industry, since it is more likely that rebates and tax incentives will be pulled. TSLA YTD mountain TSLA YTD chart

Persons: Dan Ives, Ives, Donald Trump's, Elon Musk, Tesla, Trump, Musk Organizations: Tesla, Trump, Trump White House, EV Locations: Wedbush, China

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