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Tesla's Stock Falls on Reported Robotaxi Delay, While Uber and Lyft Shares Rise
Tesla Inc.'s stock was falling by around 6% on Thursday afternoon on the heels of a report that the electric-vehicle maker will delay its closely watched Robotaxi debut by two months in order to build more prototypes.
Tesla (TSLA.US) ended its 11-day winning streak. UBS Group continued to pour cold water on it: it rose too much before.
According to the news from the CITIC Securities app, UBS Group lowered its rating on Tesla (TSLA.US) from "neutral" to "sell" and raised its target price from $147 to $197. The stock still fell 18% from Thursday's closing price. UBS pointed out that the stock of the American electric vehicle manufacturer rose "too much, too fast" due to optimism about its artificial intelligence (AI) plan. The target price adjustment is related to the adoption of a higher PE ratio. UBS analysts, including Joseph Spak, said:"If the enthusiasm of the market for artificial intelligence weakens, this may affect Tesla's PE ratio." They said, "
Cathie Wood Has Been Pleading for Rate Cuts. Her Flagship Fund Missed the Rally.
By Steve Goldstein Wood says delay in Tesla robotaxi announcement means Elon Musk has more time to deliver something 'awe-inspiring' Thursday should have a banner day for Cathie Wood. She has for
Elon Musk's Bet Paying Off? Tesla Energy Segment Gets Thumbs Up From Top Analyst Even As EV Sales Dwindle
Morgan Stanley analyst and Tesla Inc. (NASDAQ:TSLA) bull Adam Jonas has revised his estimates for the company's financials, giving significantly higher emphasis to Tesla's energy generation and
Elon Musk Pays Tribute To 'Great' Inventor Nikola Tesla On His Birthday, Says 'AC Was The Right Move Back Then' But 'Better To Use DC' Now
Billionaire entrepreneur Elon Musk on Thursday paid his respects to inventor Nikola Tesla, after whom his EV company Tesla Inc. (NASDAQ:TSLA) is named, while noting that using direct current (DC) is
These Stocks Are Moving the Most Today: Tesla, Nvidia, JPMorgan, Citigroup, Wells Fargo, and More -- Barrons.com
By Joe Woelfel Stock futures traded mostly to the upside Friday ahead of earnings reports from some of the largest U.S. banks and after a session that saw a steep selloff in technology shares. These
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