Biden has proposed raising the capital gains tax rate from 20% to 39.6% for those making over $1 million, which would represent a big blow to the asset management industry. Benzinga does not provide investment advice. Through Robotaxi, the company intends to take on traditional ridesharing service providers such as Uber and Lyft, and via automated vehicle operation, it also hopes to remove the vehicle's driver from the equation. Paypal became a new holding in the Ark Innovation ETF.Price Action: Alibaba shares are up 3% Wednesday. Benzinga does not provide investment advice. Jim Cramer discusses the latest stock market news including the coronavirus stimulus package, auto stocks and the markets rally one day after Election Day. Tesla's earnings report for the second quarter of 2020 is due on the 22nd and analysts and investors will be looking at the company's bottom line and at its ability to deliver vehicles and sustain market demand in a highly uncertain post-pandemic global economy. Benzinga does not provide investment advice. Benzinga does not provide investment advice. Here's What IBD Charts Show, Alibaba Earnings Beat, But China E-Commerce Giant's Revenue Misses; Stock Falls, Wall Street Quietly Predicts Massive Market Event, GM Stock Is Soaring Because Earnings Were Twice as Good as They Were Supposed to Be. [U:] Tesla To Recall ~30,000 Vehicles In China Due To Defective Suspension. Tesla could reach nearly 4 million deliveries in 2025, implying a market share of about 7% in China and 9.5% in the U.S., according to Piper Sandler. 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Tesla Inc (NASDAQ: TSLA) has received an order for 150 units of its Semi electric truck from a Mississauga, Canada-based trucking conglomerate.What Happened: Pride Group Enterprises announced Wednesday in a statement that it had placed a deposit to secure the initial units and build slots and would further consider purchasing up to 500 trucks. Gridlock in D.C. could be good for the stock market...really good, historical data shows. Piper Sandler's new price target for Tesla sits at a whopping $2,322/share and it represents a growth of 147% over the research firm's previous price target of $939/share. Zach is a writer, musician, and EV enthusiast, currently residing in Santa Rosa, Ca. Potter also doubts that Tesla's competitors can catch up to it and he believes that the uppish trend exhibited by the company's share lately will continue. All rights reserved. The Tesla Thesis: Tesla’s stock has appreciated by 260% year-to-date, taking its market cap past $280 billion and making the company the world's most valuable automaker, Potter said in a Monday note. Piper Sandler Completes 40th Semi-Annual Generation Z Survey of 9,800 U.S. Despite Tesla's gravity-defying surge so far in 2020, the stock has more room to run, according to a Monday note from Piper Sandler. Here's What Its Stock Chart Shows, Cathie Wood Sells Tesla Shares To Buy The Dips In Alibaba, Paypal, Canadian cannabis company agrees to buy U.S. craft-beer maker Sweetwater, known for its ‘420’-branded brews. Biden was leading in key Midwestern states in the race for the White House as votes were being counted on Wednesday afternoon, but President Donald Trump's Republican Party was poised to keep control of the Senate even as Democrats retained their majority in the House of the Representatives. I have a seven-figure nest egg — am I saving too much for retirement? Piper Sandler analyst Alexander Potter raised the price target on Tesla (NASDAQ: TSLA) to $515.00 (from $480.00) while maintaining an Overweight rating. Several of the strong performing Ark ETFS from Cathie Wood bought shares of two underperforming stocks on Tuesday. Why gutter cleaning companies hide this from homeowners! Man Who Called '08 Crash Says Buy "WFH" Stocks Now, How billionaire Jack Ma fell to earth and took Ant's mega IPO with him, Biden, Trump, Qualcomm, Alibaba, Apple - 5 Things You Must Know Thursday, A divided government could lead to massive stock market gains: strategist, This Small Biotech Company Is Breaking Out, Tesla Gets Order For 150 Semi Trucks From Canadian Company As It Prepares For 'Volume Production', Buffett-Backed BYD Joins Nio, Xpeng In China Electric Car Sales Boom, IRS Boosts 2021 Income Limits For IRA Deductions, Bristol-Myers Beats Q3 Earnings Forecast, Lifts 2020 Outlook As Celgene Boosts Revenues, Is Intel Stock A Buy Right Now? Tesla Inc (NASDAQ:TSLA) – Equities researchers at Piper Sandler lowered their Q2 2020 earnings per share (EPS) estimates for shares of Tesla in a report issued on Monday, July 13th. Apple has been an American success story several times over with the Mac, iPod, iPhone and other inventions. All rights reserved. The biggest power players on Wall Street have already seen it coming – and quietly changed their outlook for 2021. The company had unveiled two concept vehicles in November 2017 with production slated to commence in 2021 at the time. Thank you for your feedback. That doesn't mean it's time to sell the stock, the analyst said. The Piper Sandler analyst raised his price target from $515 from $480 a share, citing energy storage, increasing battery capacity, and, oddly, CEO Elon Musk’s compensation package as reasons the company would be successful. Bezos had earlier sold shares worth about $4.1 billion between January and February.Why Does It Matter: Bezos, in 2018, disclosed that he sells about $1 billion worth of Amazon shares annually to fund Blue Origin LLC -- the aerospace equipment manufacturing company he founded in 2000. Potter also predicts a significant fall in stock-option expenses, which will ultimately turn into positive earnings. BREAKING: Piper Sandler analyst Alex Potter has increased his price target on Tesla stock from $480 per share to $515 per share while maintaining an overweight rating on the stock. The automaker’s third-quarter earnings flew past Wall Street expectations as the global car industry continues to recover from pandemic-induced lows faster than expected. Tesla Celebrates As Chinese Model 3s Pass European Export Certification. All rights reserved. Instead of receiving a salary, Musk offers himself a complex “options” package, in which he receives these options based on Tesla’s increasing market value. Some posts on Wccftech.com may contain affiliate links. What to expect from the weekly jobless claims report, GLOBAL MARKETS-Shares and bonds soar as Biden edges toward victory, IBM unveils cloud for 5G telcos, gets Nokia and Samsung as partners, Saudis Cut Oil Prices for Asia as Virus Clouds Energy Market, Aeromexico says October passenger traffic up 22.9% from September, Oil Slips With Biden on the Brink of Victory in U.S. Election, Analysis: Wall Street cheers U.S. election removing major tax-hike threat, Alibaba Tops Q2 Earnings Forecast, Revenues Rise 30%, Beating Yuan Forecasts But Missing U.S. Dollar Estimates, The Man Who Bought Amazon at $48 Says Buy TaaS Now, Dave Ramsey warns: Don't do these 10 things with your money, Jeff Bezos Sells Another $3B Worth Of Amazon Shares. Loves his wife, his cat Banks, and a good cup of coffee. Global research firm just identified a stock with the potential to "crush Zoom’s gains." Corporate China's shiniest star was just days away from seeing his Ant Group list on the stock market in a record $37 billion deal, when he chose to launch a blistering public attack on the country's financial watchdogs and banks. The transactions were part of Amazon's 10b5-1 trading plan -- a strategy that allows company insiders to sell stocks at preset parameters.With the recent sale, Bezos has sold off more than $10 billion worth of Amazon shares this year, but still holds over 10% stake in the tech company.In August, the billionaire entrepreneur and investor sold off billion worth of shares in the price range of $3,102.85 and 3,183.26. The financial expert and radio host says Americans stay poor because of these blunders. Hiring the wrong financial advisor can wreak havoc on your investments and ruin your retirement. Tell that to Jack Ma. Wall Street legend Whitney Tilson says there's a huge new tech trend coming – and he's revealing his #1 pick for free. The company said it would sell millions of chips for 5G mobile devices, implying hundreds of millions more dollars of revenue than expected. Joe Biden is closer to securing the U.S. presidency; stock futures rise and the tech sector leads on the potential for a divided U.S. government; Qualcomm soars after an earnings beat; the Fed issues a decision on interest rates.
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