Nasdaq TSLA Tesla

Lucid Group's (NASDAQ: LCID) stock skyrocketed 43% on Jan. 27 amid rumors of a takeover by its Saudi Arabian investors. The rumors, which first surfaced on the market gossip site Betaville, haven't been confirmed.

U.S. residential solar company Sunrun Inc has teamed up with startup Lunar Energy Inc to operate virtual power plants (VPPs) of home solar and storage systems, a step toward transforming its vast customer network into a resource for power grids.

Bundled together by the hundreds or thousands, solar panels and home batteries can be called on to supply vast amounts of power when grid supplies are stretched or store it when there is more solar and wind power than needed. When used this way, they are called virtual power plants, or VPPs.

Tesla Inc said on Tuesday it expects capital expenditure to increase next year as the Elon Musk-led electric-vehicle maker ramps up production of its new battery cell and the Semi heavy-duty truck.

All electric vehicle stocks have fallen rather hard over the past year, and even Tesla (NASDAQ: TSLA) didn't make it out of 2022 unscathed. The EV leader's share price is down a shocking 47% over the past 12 months, and with a potential recession looming some are wondering whethe

For Immediate ReleaseChicago, IL – January 31, 2023 – Today, Zacks Investment Ideas feature highlights Lyft Inc LYFT, Dutch Bros Inc BROS, Airbnb ABNB, Meta Platforms Inc META and Tesla Inc TSLA.

Some stocks that have been crushed recently look a lot better if you just step back and take a longer-term view.

Renault and Nissan hailed a new deal announced on Monday as a major step in reviving their two decade alliance. But for the French car group the benefits of the revamp are for now unclear and potentially quite limited, three industry sources said.

Chinese electric vehicle (EV) giant BYD said on Tuesday it is working on a potential acquisition of Yi'an P&C Insurance Co, an insurer that was seized by Chinese regulators two years ago as part of a crackdown on financial conglomerates.

From stocks to government bonds, markets have had one of their best starts to the year in decades but whether the run lasts depends on a Goldilocks scenario of inflation easing, economic growth holding up and borrowing costs falling.

Amid a soft opener to the final week of January, electric vehicle startup Arrival (US:ARVL) announced that it will lay off half its workforce. According to Reuters, the job cuts will help halve its cash operating expenses, a critical measure as the EV manufacturer struggles with

What happened The combination of price cuts spreading through its industry and pullback from a hot buyout rumor really put the brakes on Canoo (NASDAQ: GOEV) stock Monday. The electric vehicle (EV) maker's share price fell by nearly 12% on the day, a far steeper decline than the

It’s finally time for big tech to take the spotlight and unveil quarterly results. Needless to say, investors are more than ready to finally see what has transpired behind the scenes.

Several electric vehicle (EV) stocks have been trending higher since the start of 2023 after plunging massively last year. Investor sentiment has improved due to softer inflation reports and in anticipation that the Fed’s interest rate hikes would be less aggressive this year. Nonetheless, the stock market might be volatile in the days ahead due to macro uncertainty. Using TipRanks’ Stock Comparison Tool, we stacked Tesla ( NASDAQ:TSLA ), Nio ( NYSE:NIO ), and Plug Power ( NASDAQ: PLUG ) up against each other to pick the most attractive EV stock. Tesla (NASDAQ:TSLA) Tesla stock rallied 33% last week, thanks to the company’s upbeat Q4 2022 results. Despite supply chain disruptions and macro pressures, the company’s revenue grew 37% to $24.3 billion and adjusted EPS increased 40% to $1.19. Moreover, Tesla expects to produce 1.8 million vehicles in 2023, with a potential to manufacture 2 million vehicles. Tesla’s Q4 performance and Elon Musk’s statement that the company is currently seeing orders “at almost twice the rate of production,” addressed investors’ concerns that Musk’s Twitter acquisition has diverted his focus from Tesla.            What is the Price Target for Tesla Stock? Berenberg analyst Adrian Yanoshik upgraded Tesla to Buy from Hold but lowered the price target to $200 from $255. While Tesla’s recent price cuts are expected to impact profitability, Yanoshik expects margins to improve through 2023 as production increases and lower prices boost demand. “Longer term, we expect Tesla’s cost structure and product momentum to retain high-teens operating margins, even while it grows output from higher-cost plant locations,” said Yanoshik. Wall Street is cautiously optimistic about Tesla, with a Moderate Buy consensus rating based on 21 Buys, seven Holds, and three Sells. The average TSLA stock price target of $191.68 implies 7.8% upside potential. Shares have risen over 44% since the beginning of 2023.   Nio (NYSE:NIO) Stock 2022 was a very challenging year for Nio and other Chinese EV makers due to persistent supply chain issues and COVID-induced production disruptions. Despite multiple headwinds, Nio ended Q4 2022 with 40,052 deliveries, marking a 60% year-over-year growth. Overall, deliveries increased 34% to 122,486 vehicles in 2022. Looking ahead, the company is optimistic about capturing further market share by launching five models in the first half of 2023. The company is also expanding its presence in the lucrative European market. Is Nio a Good Stock to Buy? After hosting a business update call with Nio earlier this month, Citigroup analyst Jeff Chung reiterated a Buy rating on the stock, with a target price of $23.30. Chung noted that management showed confidence in doubling its sales in 2023, backed by the release of five new models. Management guided for estimated sales of 80,000 to 90,000 units in the first half of 2023 and sales of 150,000 to 160,000 units in the second half. Overall, the Street’s Moderate Buy consensus rating for Nio stock is based on 11 Buys and four Holds. At $16.62, the average NIO stock price target suggests nearly 31% upside potential. Shares have advanced over 30% since the start of this year. Plug Power (PLUG) Stock Plug Power is a leading hydrogen fuel cell technology provider.  Last week, the company slashed its Q4 2022 and full-year outlook due to new product launch delays. It now expects revenue growth of 45% to 50% in 2022, down from the previous forecast of over 80% growth. The lower outlook reflects some larger projects being completed in 2023 instead of 2022 due to customer timing and supply chain bottlenecks. For 2023, the company projects revenue of $1.4 billion, ahead of analysts’ estimate of $1.37 billion. Moreover, it expects to deliver revenues of $5 billion by 2026 and $20 billion by 2030.    What is the Forecast for Plug Power Stock? Recently, J.P. Morgan analyst Bill Peterson reiterated that Plug Power, ChargePoint Holdings ( CHPT ), and Enovix Corp. ( ENVX ) were his top picks. The analyst feels that expectations for these companies have been largely reset, and he sees the potential for relative outperformance as the year progresses. “From a sector view, we continue to prefer infrastructure enablers in hydrogen and charging over vehicle makers/component suppliers,” said Peterson. Peterson lowered his price target for Plug Power shares to $24 from $28 but reiterated a Buy rating, saying “From a bigger picture perspective, Plug Power remains well-positioned.” The Moderate Buy consensus rating for Plug Power is based on 13 Buys and five Holds. The average PLUG stock price target of $26.67 implies over 68% upside potential from current levels. Shares have advanced 28% since the start of this year. Conclusion Wall Street is cautiously optimistic about Tesla, Nio, and Plug Power due to macro uncertainty. Nonetheless, analysts remain confident about the long-term growth prospects of the EV market and these three stocks. Currently, they estimate higher upside in Plug Power stock compared to Tesla and Nio. Aside from Wall Street analysts, hedge funds are also bullish about Plug Power. As per TipRanks’ Hedge Fund Trading Activity Tool, the Hedge Fund Confidence Signal is Very Positive for Plug Power. Hedge funds increased their holdings in Plug Power stock by 1.5 million shares last quarter. Disclosure

The Dow shed 260 points on Monday, while the S&P 500 and Nasdaq also settled deep in the red. Investors are eyeing a busy week of earnings, which will feature reports from Big Tech staples Alphabet (GOOGL) and Apple (AAPL), as they brace for a potential

A Russian businessman with ties to the Kremlin made tens of millions of dollars trading on secret financial information obtained by hackers about multiple companies before it was public, a U.S. prosecutor said Monday at the start of his trial.

What happened Shares of Rivian Automotive (NASDAQ: RIVN) fell on Monday after Ford (NYSE: F) cut the price of its popular Mustang Mach-E crossover. As of 2:25 p.m. ET, Rivian's stock price was down more than 7%.

Twitter Inc has made its first interest payment under Elon Musk after the billionaire took the social media company private last year using about $12.5 billion of debt, Bloomberg News reported on Monday, citing people with knowledge of the matter.

Ford Motor (NYSE: F) intends to boost production and slash prices on its Mustang Mach-E electric vehicle, following the lead of Tesla (NASDAQ: TSLA) and diving headfirst into what is quickly becoming an electric vehicle (EV) price war.

What happened Tesla (NASDAQ: TSLA) stock has been on a tear to start the year. After a 65% correction in 2022, Tesla shares have soared 40% so far in 2023. Its winning streak was put on hold today, though, with the stock dropping more than 5% Monday morning. As of 12:25 p.m. ET,