03/04/2025 09:32

Tesla (TSLA US) $US282.70

One piece of positive news out of the White House overnight was the potential that Elon Musk is stepping down as a special government employee. The departure of Trump's largest financial backer from his 2024 campaign has come earlier than expected, as the controversial figure has garnered mixed reactions over the past few months.

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31/01/2025 09:54

Tesla Inc (TSLA US) $US400.15

Even after missing sales and earnings expectations, Tesla rallied +2.8% on Thursday night. It must be the “Musk effect.” The results illustrated a balance between strong energy storage advances and automotive sector challenges.

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25/10/2024 09:19

Tesla Inc (TSLA US) $US259.96

Tesla shares surged well over 20% on Thursday night after posting 3rd quarter results that beat expectations, lifting the stock to its best day in more than a decade. Tesla CEO Elon Musk said his “best guess” is that “vehicle growth” will reach 20% to 30% next year.

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29/08/2024 09:27

Tesla Inc (TSLA US) $205.75

We believe Elon Musk has a huge fight on his hands with rival EVs becoming increasingly prevalent on the road, and although tariffs should help, we don’t like the potential risks moving forward.

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25/07/2024 09:21

Tesla Inc (TSLA US) $US215.99

Tesla's stock plunged 12.3% overnight after it reported mixed Q2 results. These included a delay in the robotaxi launch and increased spending on new technology, which affected its operating margins. The company's margins remain under pressure due to rising costs, including developing its AI infrastructure to turn Tesla’s EVs into autonomous cars.

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29/01/2024 08:21

First Up

Last week saw leading EV manufacturer Tesla (TSLA US) plunge over -13% while the tech-based NASDAQ 100 surged to new all-time highs. The shares in Elon Musk’s $US580bn behemoth fell after the company's earnings missed expectations, and they said volume growth this year “may be notably lower” than was previously expected – this underwhelming demand for EVs, especially in the US, has been the main cause of the weakness of the lithium price and related stocks.

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12/09/2023 09:26

Tesla Inc (TSLA US) $US273.58

Tesla surged more than +10% overnight following bullish commentary from Mornay Stanley, we aren’t targeting a test of all-time highs by the EV maker but a break of $US300 looks likely this side of 2024 as the stock continues to demonstrate its trading appeal.

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17/08/2023 09:14

Global Markets

US stocks fell overnight led by the tech based NASDAQ which closed down -1.1% after the Fed minutes left further rate hikes on the table – no great surprise in our opinion, Jerome Powell et al must leave the door open for further hikes if inflation fails to fall into their target area. The NASDAQ has now fallen -2.2% over the last 2-days as the “Magnificent Seven” surrender some of the stellar gains of 2023.

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21/07/2023 09:09

Global Markets

US stocks experienced a mixed session overnight with the tech-based NASDAQ tumbling -2.3% while the Dow eked out a gain of +0.5%, not an unusual scenario during reporting season. Disappointing earnings from Tesla Inc (TSLA US) and Netflix (NFLX US) dragged the influential tech sector lower with Netflix (NFL US) falling -8.4%.

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04/07/2023 09:38

Global Markets

US stocks edged higher overnight ahead of the US Independence Day holiday with a +6.9% rally by Tesla (TSLA US) leading the gains. While we believe the NYSE FANG+ Index will test the 8000 level in the coming weeks, MM’s preferred scenario is this will prove to be a breakout to initially fade with a pullback similar to the one in March our preferred scenario.

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