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Tesla Approaches Highest Share Price of 2024 as Analysts Raise Price Targets

KEY TAKEWAYS Tesla shares surged again Wednesday as analysts raised price targets for the stock after second-quarter deliveries beat expectations. Tesla shares are approaching their highest point of the year, and have risen almost 25% this week alone. Wedbush analysts raised their price target for Tesla and called it "the most undervalued AI play" on…

ByPexecoJuly 20, 20240Comments

Stocks

BYD may overtake Tesla to become the biggest EV seller in Europe

The Chinese carmaker BYD reported record sales in the second quarter, likely overtaking Tesla to become the biggest electric car seller globally, particularly in Europe and China. The largest Chinese carmaker, BYD, reported a record number of new energy vehicles (NEVs) in the second quarter, including pure electric vehicles (EVs) and plug-in hybrid cars (PHEVs).…

ByPexecoJuly 17, 20240Comments

Stocks

Optimism About Tesla Deliveries Boosts Its Stock

KEY TAKEWAYS Tesla is expected to release second-quarter delivery numbers Tuesday. Its shares gained today on optimism that the electric vehicle (EV) maker will post solid numbers. On Monday, Chinese EV rivals posted strong numbers, and their shares were up as well. Wedbush Securities analysts believe Tesla's growth in China is turning around. Tesla (TSLA)…

ByPexecoJuly 2, 20240Comments

TOP Stocks

Top Stocks To Watch in July

The S&P 500 closed at a record high seven times in June as a string of earnings reports from the likes of Broadcom (AVGO) and Oracle (ORCL) showed demand for artificial intelligence (AI) and the wares that make it work remained as healthy as ever. Heading into the second half of the year, the tech sector has momentum on its side…

ByPexecoJuly 1, 20240Comments

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Tesla Approaches Highest Share Price of 2024 as Analysts Raise Price Targets

Optimism About Tesla Deliveries Boosts Its Stock

Top Stocks To Watch in July