BofA analyst reiterates Buy rating on Tesla, citing near-term catalysts like China breakthrough, Robotaxi event, new product launch, and FSD licensing. Potential for significant earnings benefit and competitive advantage.
ASML reports Q1 2024 net sales of €5.29B, down 21.6% YoY. Net bookings of €3.61B, proposes €6.10 dividend/share for 2023, and expects Q2 net sales of €5.7B-€6.2B.
Tesla cancels plans for affordable car, focusing on self-driving taxis. Faces challenges in meeting sales target amid competition and production issues.
Truist Securities analyst reiterates Tesla (TSLA) as Hold, lowers price target from $193 to $176. Lowered estimates for deliveries, revenue, & EPS in 2024 & 2025 due to production and demand concerns. Next catalysts: next-gen vehicle unveiling & sale. HSBC analyst also lowers price target.
Palantir secured contract from the Defense Information Systems Agency to support JEMSO. The prototype Other Transaction Authority (OTA) Agreement contract is worth $9.8 million over twelve months.