Midday movers: Marvell Technology, Ford Motor, Gap and more

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BayWa r.e. collaborates with Tesla (TSLA) to offer Powerwall to growing installation network

May 30, 2023 1:10 PM EDT

International renewable energy supplier, BayWa r.e. announced Tuesday that the German-based company has entered into a First of its kind collaboration with Tesla (NASDAQ: TSLA) to include the electric automakers Powerwall through BayWa r.e. Solar Systems, the company's distribution arm in the... More

CFRA on NVIDIA (NVDA): 'EPS can grow at a five-year CAGR of +25%'

May 30, 2023 12:53 PM EDT

CFRA analyst Angelo Zino reiterated a Buy rating on NVIDIA (NASDAQ: NVDA).

The analyst comments "CEO Jensen Huang held a live keynote at the COMPUTEX conference in Taipei where he announced a slew of new accelerated computer offerings. Most importantly, NVDA unveiled DGX GH200, an AI... More

Elon Musk says he is open to expanding Tesla (TSLA) in China during surprise Beijing visit

May 30, 2023 9:29 AM EDT

Teslas (NASDAQ: TSLA) billionaire CEO, Elon Musk took an unannounced trip to Beijing on Tuesday, his first trip to the country in over three years, where he is expected to meet with senior Chinese officials and visit Tesla's Shanghai plant.

Just... More

U.S. closes investigation into Tesla’s (TSLA) 'Passenger Play' feature

May 30, 2023 8:54 AM EDT

The National Highway Traffic Safety Administration (NHTSA) announced on Tuesday the closing of its investigation into 580,000 Tesla (NASDAQ: TSLA) vehicles regarding the inclusion of games in Tesla's "Passenger Play" feature accessible through the front center touchscreen.

Following the start of the investigation in... More

Barclays voices concerns about Tesla's (TSLA) model concentration, remains bullish on the stock

May 30, 2023 8:12 AM EDT

Barclays reiterated an Overweight rating on Tesla (NASDAQ: TSLA) with a 12-monmth price target of $220.00 as analyst Dan Levy believes that the electric vehicle maker is set up well for growth. However, Levy is concerned about the companys model concentration. While Tesla is currently the 16th largest automaker by volume (in 2022), the automaker relies heavily on their bestselling model, the Model Y, which was the largest selling model by volume globally... More