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☆ See the second car Tesla made: an orange-striped Roadster with 'Mr. Tesla' plates that may be worth more than $200,000
▼ + stars: | 2023-02-20 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Tesla cofounder Martin Eberhard owns three Teslas, including a Roadster he drives every day. Eberhard said he owns the second Tesla Roadster ever made. "I've been driving my Roadster continuously since I bought it," Eberhard told Insider in an interview. He also sent another Tesla Roadster into space on a SpaceX Falcon Heavy rocket. The Tesla cofounder said he occasionally takes the Roadster out for car shows, including the annual Roadster Rally.

☆ Electric cars need less service — but they could cost you more
▼ + stars: | 2023-02-14 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Electric cars require different service and maintenance than gas-powered ones. They also wonder what it means to service and maintain these vehicles — and how much that will cost them. Tesla even advertises its vehicles as "eliminating the need for service." EV tires are different than those for a gas-powered vehicle. What it means for car dealersAs a result of these shifts, dealers are assessing just how much of an impact that potentially less vehicle service will have on their bottom lines.

☆ Morgan Stanley analyst Jonas says investors may have missed their window to buy Tesla shares
▼ + stars: | 2023-02-10 | by ( John Melloy | ) www.cnbc.com time to read: +2 min

Notable electric vehicle analyst Adam Jonas believes investors may have missed their chance to buy Tesla on the cheap after the stock doubled off its 52-week low, with most of the comeback coming this year. "While we reiterate the overweight rating on Tesla shares, we believe the window of opportunity on 'valuation' has closed," the Morgan Stanley analyst wrote in a note Thursday. TSLA YTD mountain Tesla so far in 2023 Jonas noted that the shares now trade for 38 times enterprise value/EBITDA. "Adding over $350bn of market cap this year closed the 'valuation case' window on Tesla even faster than it opened," Jonas wrote. Jonas is not alone on Wall Street in being cautious on Tesla after the big runup in the stock.

☆ Hertz has fewer Teslas in its fleet than planned
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +1 min

Feb 7 (Reuters) - Hertz Global Holdings Inc's (HTZ.O) rental fleet has less than half the number of Tesla (TSLA.O) cars it planned to order in 2022, its regulatory filing showed on Tuesday. Hertz's fleet in the Americas peaked at 428,700 vehicles for the year ended Dec. 31, 2022, of which 11% were Tesla cars, the filing showed. Hertz's decision to bolster its fleet with Teslas had briefly helped the EV maker hit $1 trillion in market value in 2021. Hertz did not give details on why it has added fewer Teslas than it originally planned to order. The car rental service on Tuesday forecast upbeat revenue and profit for its second and third quarters as it expected a weak economy to boost demand for rental cars.

☆ Tesla just ignited a price war in electric vehicles. Investors should see it as an opportunity
▼ + stars: | 2023-02-06 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +11 min

The event may have created a compelling entry point for investors who have been on the sidelines of the long-term shift to electric vehicles. Electric vehicles are becoming much more popular in the U.S. but still make up a small portion of automobiles on the roads. Cutting prices certainly caught the eye of consumers and boosted interest in Tesla vehicles, according to data from Edmunds. And, there are still issues with electric vehicles that make them impractical for large groups of consumers, said Mike Ward, an analyst at The Benchmark Company. There’s also a huge potential in firms that make batteries, key parts of electric vehicles that are also seeing surging share prices.

☆ Bill Gates said he'd rather fund vaccines to 'save lives' than go to Mars, but he thinks someday Elon Musk will be a 'great philanthropist'
▼ + stars: | 2023-02-03 | by ( Kelsey Vlamis | ) www.businessinsider.com time to read: +3 min

Bill Gates told the BBC he does not think traveling to Mars is a good use of money. The Bill & Melinda Gates Foundation, the nonprofit founded by Gates and his ex-wife Melinda French-Gates, has put billions of dollars towards researching, developing, and delivering vaccines to the world's poorest countries. Last year, Musk made a $5.7 billion charitable donation in Tesla shares to the Musk Foundation, which he launched with his brother, Kimball Musk, in 2002. Gates and Musk have publicly disagreed in the past, including on COVID-19, how to address climate change, and space travel. Musk and the Bill & Melinda Gates Foundation did not immediately respond to Insider's request for comment.

☆ Tesla needs to start acting more like Toyota and GM if it really wants to win the electric car race
▼ + stars: | 2023-01-21 | by ( Tim Levin | ) www.businessinsider.com time to read: +5 min

Tesla is the world leader in electric vehicles, but it needs to diversify its lineup. If Elon Musk wants to be a top player like GM, Volkswagen, or Toyota, he needs to make cheaper cars. The Model 3, Model Y, Model S, and Model X, which cost between $44,000 and $120,000, accounted for nearly 70% of EVs sold in the US in 2022. The Model 3 and Model Y, by far Tesla's top sellers, went on sale in 2017 and 2020, respectively. Elon Musk announced plans for a $25,000 car at a Tesla event in 2020, but the car hasn't materialized.

☆ Here are Tuesday's biggest analyst calls: Apple, Tesla, Amazon, Alphabet, Chipotle, Microsoft & more
▼ + stars: | 2023-01-17 | by ( Michael Bloom | ) www.cnbc.com time to read: +9 min

Morgan Stanley downgrades Chipotle to equal weight from overweight Morgan Stanley said it's concerned about "traffic headwinds." Morgan Stanley upgrades Domino's to overweight from equal weight Morgan Stanley said Domino's is best positioned to handle a downturn. Morgan Stanley upgrades Church & Dwight to overweight from equal weight Morgan Stanley said it sees "fundamental inflection ahead." Morgan Stanley downgrades AutoNation to underweight from equal weight Morgan Stanley said it sees too many headwinds for shares of AutoNation right now. Morgan Stanley upgrades Kroger to equal weight from underweight Morgan Stanley said it sees more people eating at home.

☆ Amazon's Alexa will soon help EV drivers find a charger
▼ + stars: | 2023-01-05 | by ( John Rosevear | ) www.cnbc.com time to read: +1 min

Amazon is betting that Alexa, its voice-activated virtual assistant, can help ease one of electric vehicle drivers' biggest worries: finding a charging station while on the road. At CES on Thursday, Amazon announced a new collaboration with EVGo , one of the largest U.S. charging networks, that will soon allow Alexa to navigate EV drivers to public charging spots and pay for the service. Alexa will draw on data from EVGo's PlugShare community to help guide EV drivers to nearby charging stations. If the driver chooses an EVGo station, Alexa will be able to initiate and pay for the charge with simple voice commands. "The EV charging experience is a lot more fragmented than for gas customers, who can pretty much stop at any location," said Anes Hodžić, vice president at Amazon's Smart Vehicles group.

A comparative few credit cards on the market specify that EV charging stations will receive bonus rewards. Popular charging stations include:TeslaChargePointEVgoLet's examine how to get the most return for EV charging expenses. These cards do not officially list EV charging stations in their bonus categories, so your results may vary. Electric vehicle charging station credit cards frequently asked questions (FAQ)Is there an EV charging stations map? The above credit cards offer effective bonuses between 2% and 4.5% back for EV charging stations.

☆ Elon Musk must do these 10 things to turn Tesla stock around in 2023, says Wedbush's Dan Ives
▼ + stars: | 2022-12-29 | by ( Brian Evans | ) www.businessinsider.com time to read: +3 min

Wedbush's Dan Ives listed 10 steps for Elon Musk to take to turn Tesla stock around in the new year. Among the steps are naming a new CEO of Twitter by the end of January and Tesla stock buybacks. "The 50% growth target is not happening in our opinion, with 35%+ delivery growth a more hittable and realistic goal for 2023." Issue a Tesla stock buyback. "Right now very simply the fear is Twitter is bleeding money with advertisers fleeing (for now) which means more losses and therefore more Musk TSLA stock sales.

☆ Oppenheimer downgrades Tesla, says Elon Musk's handling of Twitter could hurt electric vehicle maker
▼ + stars: | 2022-12-19 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Elon Musk's handling of Twitter is damaging sentiment around Tesla , according to Oppenheimer. Analyst Colin Rusch downgraded shares of Tesla to perform from outperform, saying he can no longer separate coverage of the electric vehicle maker from Musk's controversial management of the social media platform. Tesla shares, which are notably volatile, are down 57% this year. However, the analyst expects that the ongoing negative headlines around Twitter could create a "negative feedback loop" that would hurt sales of Tesla vehicles. Tesla shares jumped 4% in the premarket.

☆ Here are Monday's biggest analyst calls: Tesla, Amazon, Netflix, Moderna, Nike, Coinbase & more
▼ + stars: | 2022-12-19 | by ( Michael Bloom | ) www.cnbc.com time to read: +6 min

Here are Monday's biggest calls on Wall Street: Morgan Stanley names Microsoft a top 2023 pick Morgan Stanley said it sees accelerating earnings per share growth for Microsoft in 2023. Morgan Stanley reiterates Netflix as equal weight Morgan Stanley raised its price target on Netflix to $275 per share from $250 but said the valuation has come too far too fast. Telsey names Amazon a top 2023 pick Telsey said the e-commerce giant will continue to gain share in 2023. " Morgan Stanley names Formula One Group a top 2023 pick Morgan Stanley said the company is top beneficiary in the rising popularity of auto racing. Goldman Sachs names SolarEdge a top 2023 pick Goldman said shares of the solar company are attractive heading into next year. "

☆ Tesla CEO Elon Musk kicks off first Semi truck deliveries
▼ + stars: | 2022-12-01 | by ( Lora Kolodny | ) www.cnbc.com time to read: +2 min

Tesla CEO Elon Musk kicks off deliveries of the company's heavy-duty truck, the Semi, at the Gigafactory in Sparks, Nevada. Tesla CEO Elon Musk kicked off deliveries of the company's first few production Semi trucks on Thursday, speaking on stage at the company's factory in Sparks, Nevada, with Dan Priestly, the company's senior manager for Semi truck engineering. He later thanked and the handed the mic to representatives from PepsiCo Frito Lay , which is Tesla's first customer to receive and use production Semi trucks. While the Tesla Semi was in development, other fully electric heavy-duty trucks launched into the market. The new fast-charging tech will eventually be installed at Tesla SuperCharging stations and used to power up Cybertrucks, the consumer pickup truck Tesla is planning, Musk revealed.

☆ Tesla's valuation is looking more reasonable, but stock still isn't a buy, Bernstein says
▼ + stars: | 2022-11-29 | by ( Samantha Subin | ) www.cnbc.com time to read: +1 min

Bernstein is maintaining its bearish stance on Tesla even though the electric vehicle company's valuation looks more reasonable given the recent pullback. Analyst Toni Sacconaghi acknowledged that Tesla's valuation looks attractive when compared to some high-growth tech stocks on certain metrics and trades at a lower multiple than Ferrari. He also highlighted the stock's 41% underperformance since the beginning of October and 48% pullback this year as a reason to reevaluate the stock. "Given TSLA's pullback YTD, we see current risk/reward on the stock as more balanced, though still modestly negative, given Tesla's elevated absolute valuation, and the increasing risk of downward revisions amid potential demand challenges," he wrote. "We also worry about the potential for broader market pressure amid higher rates and slower consumer spending, which would likely impact higher valuation stocks such as TSLA disproportionately."

☆ Tesla EVs ranked among the worst in annual reliability survey by Consumer Reports (Nov. 15)
▼ + stars: | 2022-11-16 | by ( ) www.reuters.com time to read: +1 min

REUTERS/Tyrone Siu/File PhotoNov 15 (Reuters) - Electric vehicles (EVs) from Tesla Inc (TSLA.O) and other brands were among the least reliable vehicles in the United States, Consumer Reports magazine's annual reliability survey showed on Tuesday. Tesla, the world's most valuable automaker, climbed by four spots and was ranked 19th out of the 24 brands. read moreThe top-ranked brands in the survey were Toyota and Lexus, and seven of the ten best-scoring brands were Japanese and Korean. Among brands owned by Detroit automakers, Lincoln was the only one in the top ten, securing the tenth place. The magazine's annual survey of new vehicle reliability predicts which cars will give owners fewer or more problems than their competitors, based on data collected.

☆ Tesla EVs ranked worst in annual reliability survey by Consumer Reports
▼ + stars: | 2022-11-15 | by ( ) www.reuters.com time to read: +2 min

[1/2] The logo of Tesla is seen in Taipei, Taiwan August 11, 2017. REUTERS/Tyrone Siu/File PhotoNov 15 (Reuters) - Electric vehicles (EVs) from Tesla Inc (TSLA.O) and other brands were among the least reliable vehicles in the United States, Consumer Reports magazine's annual reliability survey showed on Tuesday. Tesla, the world's most valuable automaker, climbed by four spots and was ranked 19th out of the 24 brands. read moreThe top-ranked brand overall in the survey was Lexus, and seven of the ten best-scoring brands were Japanese and Korean. The magazine's annual survey of new vehicle reliability predicts which cars will give owners fewer or more problems than their competitors, based on data collected.

Twitter’s new “Chief Twit” spent the weekend tweeting — and it’s still not much clearer what Elon Musk will do with his new company. He denied a report from The New York Times that he planned to make major layoffs Monday ahead of a date when many Twitter employees receive stock grants. Musk has surrounded himself with Silicon Valley veterans, some of whom have criticized Twitter’s moderation work. Later, he appeared to poke fun at his deleted tweet while also taking a swipe at The New York Times. “This is fake — I did *not* tweet out a link to The New York Times!” Musk wrote alongside a screenshot of the Times’ coverage of his deleted tweet.

☆ The Chevy Bolt’s huge sales prove America is craving a cheap electric car
▼ + stars: | 2022-10-26 | by ( Peter Valdes-Dapena | ) edition.cnn.com time to read: +6 min

The Bolt EV and its new, more SUV-like sibling the Bolt EUV had record sales in the third quarter of the year with 14,000 being delivered to customers. Prices for the new Bolt EUV, which is taller and roomier, dropped to a base of about $28,200, $6,300 less than before. The 2023 Bolt EV now has a starting price of $25,600 and, for the Bolt EUV, $27,200. The Chevrolet Bolt EUV is a taller, roomier version of the Bolt EV electric hatchback. Like many electric cars, it can be driven “one pedal” style, with the car braking gently as the accelerator pedal is lifted.

☆ Retail investors have bailed on most stocks except for these two 'last bastions'
▼ + stars: | 2022-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

The two stocks alone make up an estimated 34% of the average retail investor's holdings, he said. "A positioning puke in these two stocks could be the coup de grace for retail investors' PnL," Iachini, referring to an acronym used to describe an investor's profit-and-loss statement. He said Korean retail investors, who account for about 2% of Apple's retail holdings, selling off the news would likely mean forced liquidations. Why retail capitulation matters A new index from Vanda gauging retail capitulation, meaning the act of giving up on the market, has shown sentiment and hard money data has continued sliding. "This goes to show that retail investors' flows have been pivotal in cushioning the equity sell-off, in our view," he said.

A comparative few credit cards on the market specify that EV charging stations will receive bonus rewards. Earn 2X at airlines, gas stations and EV charging stations. These cards do not officially list EV charging stations in their bonus categories, so your results may vary. Bonus: Save between 10% and 18% at Tesla EV charging stationsIf you're willing to incorporate the stock market into your rewards-earning plan, you can receive 10% or more back on Tesla EV charging. Electric vehicle charging station credit cards — Frequently Asked Questions (FAQ)Is there an EV charging stations map?

☆ A Tesla executive laid out the company's next 5 years at an invite-only conference
▼ + stars: | 2022-09-12 | by ( Alistair Barr | ) www.businessinsider.com time to read: +5 min

Tesla executive Martin Viecha spoke at the invite-only Goldman Sachs tech conference on Monday. Tesla wants to eventually put a cheaper vehicle on the road in time for its robotaxi service. As Tesla's head of investor relations, Viecha was speaking during the invite-only Goldman Sachs tech conference in San Francisco on Monday. "EV architecture is so different from internal combustion engine, it allows for a third revolution in automotive manufacturing," Viecha said. A cheaper Tesla EV?

☆ Elon Musk has called Biden a 'damp sock puppet' and feuded with the president for months, but Biden shared some rare praise for the billionaire earlier this month
▼ + stars: | 2022-06-11 | by ( Grace Kay | ) www.businessinsider.com time to read: +1 min

Biden praised Musk earlier this month. Samuel Corum/Getty Images, Taylor Hill/Getty ImagesBiden praised Tesla after Musk committed to opening thousands of Tesla chargers to other brands. Previously, Tesla's chargers — which account for a large portion of EV chargers in the US — had been primarily accessible only to Tesla owners. "In building our EV charging network, we have to ensure that as many chargers work for as many drivers as possible," Biden tweeted on February 15. The news came after The Washington Post reported that the White House had come to Musk for help with expanding EV charging infrastructure in the US.

We will look at a quantitative way to adjust multiples for growth rates below when we discuss the "PEG ratio." When rates rise, multiples contract – especially higher multiples. In addition to multiple compression in the face of rising rates, investors also increase their focus on profits available today. As a result, not only will multiples be hit, but higher multiples will be hit harder. Adjusting multiples for growth Investors can also attempt to adjust these multiples to account for future growth.

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