Tesla gets price target upgrade from Citi on EV and AI catalysts

By Joey Klender Posted on July 12, 2024 Tesla (NASDAQ: TSLA) has finished positive in 11 of the last 12 trading days on Wall Street, giving Citi a reason to upgrade the stock’s price target based on “catalysts” in both electric vehicle and artificial intelligence sentiments. Despite a sizeable dropoff on the market yesterday due …

Tesla granted extension to prepare for suit over inflated insurance premiums

By Joey Klender Posted on July 11, 2024 Tesla has been granted an extension to prepare for a lawsuit filed by a customer on behalf of drivers in eleven U.S. states claiming the company overcharged for insurance. Last year, a Tesla customer sued the automaker, stating the company utilized “false” crash warnings to inflate insurance …

Tesla Cybertruck was U.S. best-selling vehicle over $100k in June

By Joey Klender Posted on July 10, 2024 The Tesla Cybertruck was the United States’ best-selling vehicle priced at over $100,000 in the month of June, new data from Kelley Blue Book found. New vehicle prices remained steady and mostly unchanged from both May 2024 and June 2023. Meanwhile, the new average transaction price for electric …