Esha Dey

Business, Technology, Autonomous

Tesla’s Three-Day Correction Approaches Bear Market

Tesla's stock is approaching bear market territory. (Nina Riggio/Bloomberg News)

Tesla Inc. shares are now officially in correction territory, in a week that saw the electric-vehicle maker announce a share sale that could dilute its value and a top holder say it would cut its stake nearly in half.

Esha Dey | Bloomberg News
September 3, 2020
Business

Tesla, Apple Stocks Surge After Splits Become Effective

Tesla logo David Zalubowski/Associated Press

Already plumped up by big rallies in 2020, stocks for Apple and Tesla popped again Aug. 31, surpassing record highs after the companies' stock splits took effect.

Esha Dey | Bloomberg News
August 31, 2020
Business, Technology

Tesla Touches $400 Billion After Latest Boost From Street

A Tesla Semi all-electric truck A Tesla Semi all-electric truck. (Alexis Georgeson/Tesla Motors)

Wall Street’s optimistic view on Tesla Inc. further solidified Aug. 26 after a Jefferies analyst more than doubled his price target on the stock, saying the company will continue to broaden its competitive edge in multiple dimensions, including battery capacity and industrial efficiency.

Esha Dey | Bloomberg News
August 26, 2020
Business, Technology, Fuel, Autonomous

Tesla Extends Rally With Market Value Nearing Consumer Giant P&G

The Tesla assembly plant in Fremont, Calif. A truck sprays water at a construction site next to Tesla's assembly plant in Fremont, Calif., on Aug. 13. (David Paul Morris/Bloomberg News)

The relentless rally in Tesla Inc. shares has driven its valuation close to the consumer product behemoth Procter & Gamble Co. as investors bet on the electric vehicle maker’s ability to dominate the automotive market of the future.

Esha Dey | Bloomberg News
August 17, 2020
Business, Technology, Fuel, Autonomous

Tesla’s ‘Mind-Boggling’ Value Leads Bernstein to Downgrade

The Tesla Gigafactory in Shanghai, China, stands illuminated at night. The Tesla Gigafactory in Shanghai, China, stands illuminated at night. (Qilai Shen/Bloomberg News)

Tesla Inc.’s soaring valuation led to a downgrade by Sanford C. Bernstein analyst Toni Sacconaghi on July 28, who said it is difficult to justify the market capitalization even using best-case scenarios.

Esha Dey | Bloomberg News
July 28, 2020
Business, Technology, Fuel

Nikola Plummets After Warrant Call Creates Selling Pressure

The Nikola Two hydrogen-powered Class 8 tractor. The hydrogen-powered Nikola Two Class 8 truck. (Nikola Motor Company)

Nikola Corp. shares nosedived on July 20 as some investors will now be able to buy the company’s stock at a fraction of recent prices.

Esha Dey | Bloomberg News
July 20, 2020
Business, Technology, Fuel, Autonomous

Tesla Shares Take a Breather After Historic Run

A man walks past a Tesla Model X electric vehicle on display at a showroom in Hong Kong. A man walks past a Tesla Model X electric vehicle on display at a showroom in Hong Kong. (Justin Chin/Bloomberg News)

After a torrid rally that saw shares more than double since early May, Tesla Inc. is taking a pause on July 15, even as the broader market rises on the hopes for a coronavirus vaccine.

Esha Dey | Bloomberg News
July 15, 2020
Government, Business, Technology, Fuel, Autonomous

Tesla Soars on Optimism for ‘Battery Day,’ India Market, S&P

Vehicles sit parked outside the Tesla assembly plant in Fremont, Calif. Vehicles sit parked outside the Tesla assembly plant in Fremont, Calif. (Sam Hall/Bloomberg News)

Tesla Inc.’s relentless surge continued July 13 amid several upcoming events that include the possible unveiling of new battery technology from the electric vehicle maker, entry into a lucrative new market and the potential inclusion of the stock into the prestigious S&P 500 Index.

Esha Dey | Bloomberg News
July 13, 2020
Business, Technology

Goldman Sachs: Buy Tesla and Stocks With Electric-Car Exposure

Pedestrians walk past a Tesla dealership in Shanghai, China, on April 6. Pedestrians walk past a Tesla dealership in Shanghai, China, on April 6. (Qilai Shen/Bloomberg News)

The significant pullback in U.S. auto stocks creates an opportunity for investors to own long-term growth names including Tesla Inc. and other companies exposed to electric vehicles, Goldman Sachs said.

Esha Dey | Bloomberg News
April 15, 2020
Business, Technology, Autonomous

Tesla Headed for More Than 50% Rally in Just Seven Sessions

Tesla Customers look at Tesla Model S 90D electric vehicles parked at the company's charging station in the Starfield Hanam shopping complex in Hanam, South Korea. (SeongJoon Cho/Bloomberg News)

Tesla Inc. is headed for its seventh straight session of gains after Credit Suisse upgraded the electric-car company whose stock has been on a tear since its first-quarter delivery report.

Esha Dey | Bloomberg News
April 14, 2020

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