To The Moon

It's been a tough Tuesday, so far, for Tesla .In a note to clients, Bank of America analyst John Murphy downgraded Tesla to Neutral from Buy, claiming that most of the EV maker's upside has been recognized since the firm upgraded shares back in April of last year. Since then, Tesla shares are up over 60%, though most of that run-up has come after President Trump’s election win in November.Tesla shares were down 4% in late trading.Murphy, though, boosted his price target to $490 from $400, but with some caveats.“While this still implies upside, execution risk is high and TSLA is trading at a level that captures much of our base case [long-term] potential from core autos, robotaxi, Optimus, and energy generation & storage,” Murphy wrote.From a core autos standpoint, Murphy sees Tesla pushing its share of the auto market to 5% globally in the long term, making it a top 10 automaker. Tesla's upside: the ongoing trend toward electrification, Tesla’s lower cost structure compared to other au

Tesla Shares Down 1% After Bofa Global Research Cuts to Neutral From Buy

BofA downgraded Grab Holdings to Underperform from Buy with an unchanged price target of $4.90.The shares are up 70% since September 1, which fully prices in Grab’s improving fundamentals, the analyst tells investors in a research note.The firm believes the stock’s risk/reward is now skewed to the downside as it sees a slower pace of margin uptake ahead. It sees risks for Grab from increasing competition in mobility.Grab shares sank 9.3% in morning trading.

** Shares of iPhone-maker Apple fall 1.9% to $231.20 ** iPhone 16 orders cut by around 10 million units for fourth quarter to first half of 2025, with most of the cuts affecting non-Pro models - TF International Securities analyst Ming-Chi Kuo says ** iPhone 16 production for 2H24 is now estimated at 84 million units, down from around 88 million previously, no evidence yet that Apple Intelligence could boost iPhone shipments in the near term, analyst adds ** Up to last close, stock had risen 22.4% this year