Wall Street Calls: Upgrades and Downgrades Deutsche Bank Upgrades Li Auto to Buy Deutsche Bank has upgraded Li Auto, a Chinese auto company, from Hold to Buy. The bank finds the stock compelling, especially after its 32% decline since late November. Deutsche Bank sees a promising future for Li Auto driven by a robust product…
Amazon’s founder, Jeff Bezos, is on the brink of reclaiming the title of the world’s richest person, coming within $8 billion of Elon Musk’s fortune of $205 billion, according to Bloomberg. This shift is due to a significant increase in Amazon’s stock and a loss for Tesla this year. Bezos’ net worth has increased by…
Delaware Judge Voids Elon Musk’s $56 Billion Compensation Package A Delaware judge on Tuesday agreed to void the $56 billion compensation package of Tesla CEO Elon Musk. Tesla’s share price slid about 3% in after-hours trading Tuesday following news of the decision about its chief’s pay. “The plaintiff is entitled to rescission,” Delaware Chancery Court…
Stock Picks Beyond the “Magnificent Seven” from Top Money Managers According to top money managers interviewed by , there are numerous stocks apart from the popular “Magnificent Seven” that present attractive opportunities at the moment. The “Magnificent Seven” comprises mega-cap tech stocks such as Apple, Alphabet, Meta, Microsoft, Amazon, Nvidia, and Tesla. Each of these…
Vietnamese EV Maker VinFast Appoints Founder Pham Nhat Vuong as CEO Leadership Transition at VinFast Vietnamese electric vehicle maker VinFast announced on Saturday that its founder and primary financial supporter, Pham Nhat Vuong, has taken over the role of chief executive officer as part of the company’s ambitious overseas expansion and dealership sales growth strategy….
BYD: The Rise of an Electric Car Giant BYD: The Rise of an Electric Car Giant Introduction Elon Musk dismissed BYD in 2011 by laughing at their products during a Bloomberg interview. “Have you seen their car?” Musk quipped. “I don’t think it’s particularly attractive, the technology is not very strong. And BYD as a…
Monday’s Biggest Calls on Wall Street Wells Fargo: Reiterates Meta as Overweight Wells Fargo maintained its overweight rating on Meta and lowered its price target to $372 per share from $389. The company believes Meta’s improved cost discipline and capital allocation warrant a modest premium. They are confident in the stock ahead of earnings later…
BMW and Mercedes Make Major Push into Electric Cars Introduction BMW and Mercedes are ramping up their efforts in the electric car market to compete with Chinese players and catch up to Tesla. The two automotive giants recently unveiled electric concept cars and new platforms at the IAA Mobility motor show in Munich, Germany. Mercedes-Benz…
Tesla Faces Challenges Despite Recent Stock Rally Overview Tesla, the electric vehicle manufacturer, has experienced a boost in its stock prices this week, with shares jumping more than 7%. However, Guggenheim, an investment firm, remains pessimistic about the stock’s performance. Concerns about Supply and Demand In a note issued on Wednesday, analyst Ronald Jewsikow from…
Redwood Materials Recruits Tesla VP Colin Campbell as Chief Technology Officer Overview Redwood Materials, the battery-recycling startup founded by Tesla board member JB Straubel, has appointed Colin Campbell, Tesla’s former vice president of powertrain engineering, as their chief technology officer. About Redwood Materials Based in Carson City, Nevada, Redwood was established by Straubel in 2017…
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