-
Ahead Of Tesla's Q2 Results, Analyst Says To Brace For Short-Term Margin Disappointment But 'Also A Good Recovery Beyond'
Sunday, July 16, 2023 - 9:52am | 481Tesla, Inc. (NASDAQ:TSLA) is scheduled to release its second-quarter results after the market closes on Wednesday. Ahead of the results, New Street Research analyst Pierre Ferragu commented on the company’s margins, which have become a concern due to the discounts the company offered during...
-
Tesla's Rumored Model 2 Sedan Could Catapult EV Maker's Revenue To $400B By 2030, Analyst Predicts Ahead of Investor Day
Monday, February 27, 2023 - 7:57am | 491Most Tesla Inc. (NASDAQ: TSLA) bulls have lamented about a lack of a sub-$30,000 car in the electric vehicle maker’s product pipeline. Ahead of the company’s March 1 Investor Day, New Street Research analyst Pierre Ferragu shared his thoughts on a budget model. What Happened: The...
-
Tesla Bull Flags This As Real Problem For Rival EV Manufacturers
Thursday, February 9, 2023 - 7:02am | 515Tesla Inc. (NASDAQ: TSLA) is the frontrunner in the electric vehicle race and the company has built a formidable scale and infrastructure in a capital-intensive industry that is tough for others to replicate. What Happened: Customers driving an electric car that is not a Tesla are clearly at...
-
Tesla's China Price Cuts Spark Stock Plunge Over Margin Worries — But Analysts Say It's Actually A 'Smart Move'
Friday, January 6, 2023 - 9:33am | 586Analysts largely welcomed Tesla Inc.’s (NASDAQ: TSLA) decision to cut vehicle prices yet again in China. The company’s updated pricing on its China website showed the reductions range between 5.7% and 13.5%. Tesla’s Margins Resilient: Pierre Ferragu of New Street Research...
-
Why Tesla Stock Taking Such A Hammering? Analyst Points To Rumors Of Elon Musk Stepping Down, Twitter Burden And More
Friday, December 9, 2022 - 11:47am | 619Tesla Inc. (NASDAQ: TSLA) stock's weakness is due to a confluence of factors, New Street Research analyst Pierre Ferragu said on Thursday. The Pushbacks: Tesla shares have lost over 50% in the year-to-date period, underperforming the broader market and the tech sector. About two-thirds of the...
-
What's Driving The Action In Nvidia Stock Today?
Wednesday, April 13, 2022 - 11:57am | 229NVIDIA Corp (NASDAQ: NVDA) shares are trading higher Wednesday following an analyst upgrade. New Street Research analyst Pierre Ferragu upgraded Nvidia from a Neutral rating to a Buy rating and announced a $280 price target. According to several reports, Ferragu believes...
-
Where Will Tesla Stock Be In 2030? Analyst Weighs In
Saturday, April 9, 2022 - 11:49am | 446Tesla, Inc. (NASDAQ: TSLA) shares barely budged despite all the hype surrounding the Cyber Rodeo event held this week. All the same, one analyst is confident that the stock will hit top gear and keep rising over the next decade. What Happened: Tesla stock will go from a market capitalization of a...
-
It Won't Be The Same Tesla In The Future: Elon Musk And Others Weigh In
Saturday, February 12, 2022 - 12:22pm | 731Tesla, Inc. (NASDAQ: TSLA) has a thriving EV manufacturing business, thanks to CEO Elon Musk's vision and its early mover advantage. Indications from the Tesla chief suggest that a few years from now, the company may not look anything like it currently does. What Happened: Musk concurred...
-
What Made The Lone Apple Bear Finally Change His Negative Stance On The Tech Giant?
Saturday, January 29, 2022 - 11:06am | 277Apple, Inc. (NASDAQ: AAPL) reported strong quarterly results on Thursday, which showed broad-based strength across product categories and geographies. Apple shares had 24 Buy recommendations, 4 Hold ratings and 1 Sell rating ahead of its quarterly results, according to data compiled by TipRanks....
-
EV Week In Review: Musk's Bizarre 'Quitting' Tweet, Lucid In Eye Of SEC Storm, Ford F-150 Lightning Reservations, Exodus Continues At Apple Car Project And More
Saturday, December 11, 2021 - 9:26am | 1044EV stocks had a mixed outing in the week ending Dec. 10, as buying set in motion by bargain hunting after the previous week's declines was tempered by some stock-specific negative news. Here are the key events that happened in the EV space during the week: Tesla: China Sales Soften,...
-
Why This Apple Stock Analyst Is Bearish: 'Expect Limited Innovation In The Next iPhone'
Friday, May 28, 2021 - 11:21am | 424Apple Inc (NASDAQ: AAPL) shares were trading mostly flat on Friday and have underwhelmed so far in 2021 after a big run last year. On Friday, one analyst downgraded Apple and said the iPhone maker’s troubles have just begun. The Apple Analyst: New Street Research analyst Pierre Ferragu...
-
3 Reasons Why Elon Musk 'Deserves' To Be The World's Richest Person
Monday, January 11, 2021 - 4:52pm | 393Tesla Inc (NASDAQ: TSLA) CEO Elon Musk is the world's richest person with a net worth of around $209 billion and he certainly earned the prestigious title, New Street Research's Pierre Ferragu said in a Fox Business interview. 1. Changing The World: Musk is at the forefront of transitioning...
-
Tesla Gets Downgrade From Long-Term Bull Pierre Ferragu, Analyst Says Time To Book Profits
Thursday, December 10, 2020 - 5:19am | 298New Street Research analyst and Tesla Inc (NASDAQ: TSLA) bull Pierre Ferragu is of the opinion that investors who hold the automaker’s stock should book some profits ahead of the S&P inclusion, Barron’s reported Wednesday. The Tesla Analyst: Ferragu downgraded Tesla from Buy to Hold...
-
Analyst Sees Tesla At $578 On A Decade Of Hypergrowth, Says EV Credits Don't Matter
Thursday, November 19, 2020 - 4:39am | 508New Street Research's Pierre Ferragu said that electric vehicle credits for Tesla Inc (NASDAQ: TSLA) are short-term and will go away in three to four years. He added that EV credits do not factor in his earnings model, in an interview with Fox Business. The Tesla...
-
Just Getting Started? New Street Gives Tesla An $800 Price Target
Tuesday, January 21, 2020 - 4:50pm | 321Shares of Tesla Inc. (NASDAQ: TSLA) were on the rise Tuesday and a longtime bull got even more bullish, raising his target price on the stock to a Street-high. Tesla's stock is already up more than 20% this month. The Analyst New Street's Pierre Ferragu raised his price target on Tesla from...