Tag: stocks
Tesla stock downgraded to hold by Berenberg days after latest Investor...
An analyst at investment firm Berenberg has downgraded Tesla's stock rating from buy to hold, following an unexpected series of price cuts and an...
Economists believe a recession will start this year, later than initially...
Despite progressively rising interest rates, 58% of economists surveyed by the National Association for Business Economics (NABE) believe that a recession will occur at...
AutoNation stock downgraded by JPMorgan after sales take a hit in...
JPMorgan Chase & Co. downgraded AutoNation's stock to "underweight" from "neutral" following a decrease in vehicle sales in 2022.
The downgrade echoes the industry's mixed...
Musk to vacate Twitter role as Tesla shares tank 8%
After multiple hits to Tesla share prices, Twitter CEO Elon Musk has confirmed he will resign from his position at the social media platform.
On...
Citigroup shows tentative support for auto-retailer Carvana
As analysts struggle to predict the future of the auto-retailer, Citigroup has labeled Carvana's stock as "neutral."
The brand saw massive profits in 2021 as...
Carvana seeking financial advice to manage billions in debt
Carvana is seeking financial advice after a difficult year of stock crashes, sputtering demand and high debt.
In 2020 the retail company witnessed a record...
Tesla shareholders surprised with unexpected stock upgrade
After a tumultuous year for Tesla shareholders, the automaker surprised analysts last Wednesday after Citigroup upgraded the company's share value to $174 from $141.33.
Citigroup...
How could a new infrastructure bill impact EV stocks?
President Biden has plans to unveil a $2.5 trillion infrastructure proposal this week, which would be one of the largest infrastructure ventures the US...
Tesla Scrambles to Raise Funds with Bond and Stock Sale
Days after announcing massive losses for the previous quarter, Tesla has now announced plans to raise about $2.3 billion in new capital to increase...