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UBS Downgrades Tesla to Sell After Company’s Winning Streak Ends

The stock of electric vehicle maker Tesla ended its impressive streak of 11 straight days with gains on Thursday. The day after, the stock received a downgrade from UBS Group AG, who now attached a “Sell” rating to it. During the recent rally, Tesla’s shares...

S&P 500 Reaches New Height as Tesla Slips

U.S. stocks rose on Thursday, with the S&P 500 rising 0.5% to a new record close of 4,894.16, thereby continuing its growth after marking its fourth straight record close on Wednesday. The Dow Jones Industrial Average jumped by 0.6%, while the tech-heavy Nasdaq Composite...

Tesla Q3 Deliveries Miss Estimates

Electric Vehicle (EV) automaker Tesla missed market estimates for its deliveries in the third quarter. After reducing production because of planned factory shutdowns, the company delivered 435,059 vehicles in Q3, falling short of Wall Street estimates of 454,100 vehicles according to 19 analysts polled...

Tesla Slashes Prices in China in Sales Push

Tesla announced on Wednesday that it has slashed the prices of its Model S and Model X cars in China by as much as 6.9%. This comes after concerns emerged about the EV maker's profit margin in the Chinese market. A post from Tesla on...

Tesla Stock Surges After Giga Austin Plant Produces the First Cybertruck

Electric vehicle maker Tesla announced on Sunday that their production facility in Giga Austin made the first Cybertruck pickup. The news caused the company’s shares to its highest mark in almost a year. Tesla unveiled Cybertruck back in November 2019 and received 250,000 preorders in...

Tesla Stock Extends Gains to 13th Straight Session

Tesla stock embarked on a record 13th consecutive daily rise on Tuesday, with shares skyrocketing by 41% since the start of the winning streak. The electric car manufacturer's rise in is line with the general market trajectory on the back of cooling inflation. This rise...