Just in: Macquarie's Eugene Hsiao upgrades $NIO to Buy from Neutral, raising the price target to $5.5 from $3.9. Confidence grows in NIO's product strategy, especially the new Onvo L90 SUV. Wall Street holds a mixed view with a Hold consensus.
The start of a multi year lock up on the #1 AI asset in the world, Elon Musk, and how Tesla becomes the highest value company ever … https://t.co/jTgfAi9oF2
Tesla $TSLA appears to have found support on Friday. Another bounce should take it to $325-$335. All bets are off what happens after that as the smaller wedge ends September 12th and the large September 29th. https://t.co/CzZMQzpwnr
Tesla told investors in a new regulatory filing on Monday that “retaining Elon Musk is more important than ever,” signalling the board’s intention to secure the chief executive’s long-term commitment as the company scales its autonomous-driving, robotics and energy businesses. The electric-vehicle maker added that it does not expect to book additional compensation expense when issuing any future equity awards to Musk, indicating that the cost has already been accounted for under existing plans. The disclosure came as analysts continued to highlight Tesla’s competitive edge in artificial intelligence. Morgan Stanley’s Adam Jonas wrote that few U.S. companies are as well positioned as Tesla across data, robotics, energy and manufacturing, a view that helped the shares rebound after recent weakness tied to an Autopilot crash ruling reported by Barron’s.