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Ark's Cathie Wood buys Tesla (TSLA) on 12% dip

January 30, 2024 12:22 PM EST

In the face of Tesla's (NASDAQ: TSLA) recent market turbulence, Ark Invest, led by Cathie Wood, has doubled down on its support for the electric vehicle (EV) giant.

The investment firms Ark Innovation ETF (ARKK) purchased 148,246 Tesla shares on Thursday, while the Ark Next Generation Internet ETF (ARKW) added 29,624 shares. The combined total of... More

Jefferies cuts estimates on Tesla (TSLA), says EV maker lacks 'vision or plan'

January 29, 2024 9:00 AM EST

Jefferies reiterated a Hold rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the automakers stock to $185.00 (From: $225.00) following the companys 4Q earnings release.

Teslas 4Q results were as expected, with lower COGS. While slower growth was predicted, avoiding a set volume target could help bring back dynamic... More

Tesla (TSLA) sees FY Capex reaching above $10B in 2024

January 29, 2024 7:30 AM EST

Tesla (NASDAQ: TSLA) unveiled an ambitious capital expenditure plan, anticipating expenditures exceeding $10 billion for 2024, with projections to allocate between $8.00 and $10.00 billion in each of the following two fiscal years.

Bolstered by a strong financial standing, the company reported $16.40 billion in cash and $12.70 billion in... More