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Deutsche Bank has issued a Buy rating for Tesla, Inc., which specializes in designing, building, and selling electric vehicles. The company's net sales are primarily derived from automotive vehicle sales (74.2%), with additional revenue from services (10.8%), energy systems (10.3%), automotive credits (2.8%), and leasing (1.9%). By the end of 2024, Tesla operates eight manufacturing sites across the U.S., China, and Germany, with net sales distributed as follows: 48.9% in the U.S., 21.4% in China, and 29.7% in other regions.
Analysts at Deutsche Bank predict Tesla's Q1 deliveries will hit 345,000, marking an 11% year-on-year decline and the lowest since 2022, attributed to weakness in Europe and the Model Y changeover. They also noted potential brand damage in Western Europe and parts of North America due to Elon Musk's political activities.In a separate development, Meta is shifting back to its roots by revamping its Friends tab to prioritize posts from users' connections, reminiscent of Starbucks' efforts to return to its original customer experience under new CEO Brian Niccol.
President Trump has pardoned Trevor Milton, the founder of Nikola Motors, who was convicted of fraud in 2022. Milton, once a billionaire and rival to Elon Musk, faced allegations of misleading promotional videos and other misconduct, though he was not charged in those cases. The pardon has raised eyebrows, especially given Trump's history of supporting businessmen accused of wrongdoing.
Elon Musk’s Department of Government Efficiency (DOGE) has begun onboarding staff at the US Securities and Exchange Commission (SEC) to implement spending cuts, following the nomination of Paul Atkins to lead the agency. The SEC is preparing for a reduced workforce, with about 500 employees accepting buyout offers, and plans to eliminate office leases in Los Angeles and Philadelphia. Critics, including US Representatives Maxine Waters and Brad Sherman, have expressed concerns over Musk's influence on the agency, citing his contentious history with the SEC.
A long-time Tesla owner expresses disappointment in Elon Musk, citing his shift away from clean energy goals and support for Donald Trump, who opposes electric vehicles. The author highlights Musk's controversial actions, including significant stock sales and mass firings at DOGE, which they view as betrayals to Tesla stakeholders and employees.
The Hurun Global Rich List 2025 highlights the dominance of the tech sector, with Elon Musk, Jeff Bezos, and Mark Zuckerberg at the forefront of the wealth rankings. Their positions underscore the significant influence and financial power of technology leaders in today's economy.
Elon Musk plans to hold a rally in Wisconsin to personally deliver $2 million to two voters who have already cast their ballots in the Supreme Court race, despite state laws against such incentives. The event, limited to voters, comes just days before a pivotal election that could shift the court's ideological balance. Critics, including a spokesperson for opponent Susan Crawford, have labeled Musk's actions as a desperate attempt to influence the election.
Democrat leader Maxine Waters has called for the deportation of Melania Trump, sparking a strong response from Elon Musk. Meanwhile, Voler Cars, a leading employee transportation service provider, is preparing to go public, highlighting its asset-light model and steady financial growth, with plans to expand into new cities and enhance technology. The company aims for a 30% year-on-year revenue increase while maintaining a debt-free status and strong cash reserves.
Russia has proposed supplying a small-sized nuclear power plant to support Elon Musk's Mars mission, according to Kirill Dmitriev, head of the Russian Direct Investment Fund. He praised Musk as a visionary and expressed expectations for upcoming talks between Russia and Musk regarding this collaboration. Despite ongoing tensions due to the war in Ukraine, cooperation in space continues between Moscow and Washington.
Elon Musk plans to distribute $1 million checks to two voters in Wisconsin this weekend, coinciding with the Supreme Court election. He emphasized the importance of voting and has previously supported Republican candidate Brad Schimel, contributing nearly $20 million through PACs. The election outcome on April 1 could shift the ideological balance of the state's highest court.
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Deutsche Bank issues Buy rating for Tesla amid strong sales growth
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