Latest news with #Yu7
Mint
26-05-2025
- Automotive
- Mint
Tesla has another problem in China. This time it's a smartphone maker.
Tesla faces more electric vehicle competition in China as its sales growth stalls. It could really use a new model right about now. Chinese consumer electronics maker Xiaomi launched its YU7 electric vehicle over the weekend. It's an impressive crossover-sized all-electric car targeting Tesla's best-selling Model Y. 'We expect Yu7 would significantly erode Tesla Model Y's China market share," wrote Citi analyst auto analyst Jeff Chung in a Sunday report. He projects Yu7 annual sales, after ramping up, at 300,000 to 360,000 'considering its outstanding tech features and value-for-money." Tesla doesn't break out sales by model in China. It sold about 660,000 cars in China in 2024 and 1.8 million globally. YU7 trims will be priced from about $35,000 to $45,000. The Model Y in China ranges from about $37,000 to $44,000. The Y standard per-charge range comes in at about 360 miles per charge, about 100 miles less than the YU7. The timing of a new competitive launch isn't optimal for Tesla. Global sales fell 13% in the first quarter from a year ago, hurt by the Model Y update, which reduced production, and hurt by Elon Musk's political activities that Tesla characterized as brand challenges during its first-quarter earnings conference call. Tesla's sales in China were roughly flat in the first quarter, but the U.S.-Chinese trade war hurt results in the second quarter, with Chinese new car buyers avoiding American products, according to Wall Street analysts. Through the first seven weeks of the Q2, Tesla sales were down about 25% from a year ago, according to registration data tracked by Chung. Up until the second quarter, Tesla's market share of the Chinese battery-electric vehicle market has been relatively stable for the past few years, at just below 10%. That's been an impressive feat considering that Tesla doesn't have a lower-priced car that accounts for some 40% of the Chinese BEV market. Market share, however, is starting to slip amid new competition. One thing that could help would be a new model. Tesla plans to launch a lower-priced vehicle in a matter of weeks, but investors haven't seen it yet. Future Fund Active ETF co-founder Gary Black worries that it will be a cheaper version of the Model 3 or Model Y. Lower priced versions of existing models could make it tougher to address the different segments of the Chinese car market. None of that seems to bother investors, though; coming into the week of trading, Tesla stock was up 43% since the company's late-April earnings report. Investors aren't really thinking about car sales right now. They are focused on AI and self-driving cars. Tesla plans to start a robotaxi service in Austin, Texas, in June. Investors believe that can unlock a new wave of growth for the auto maker. Wedbush analyst Dan Ives called it the 'golden age of autonomous growth" in a Friday report. He raised his price target for Tesla stock to $500 from $350. He rates the shares a Buy. Write to Al Root at
Yahoo
19-05-2025
- Automotive
- Yahoo
Tesla Sets 3% Ownership Threshold to Block Lawsuits
Tesla (NASDAQ:TSLA) raises the bar for shareholder lawsuits by amending its bylaws to require a minimum 3% ownership stake before investors can launch or maintain derivative suits. The move follows Texas Governor Greg Abbott's recent corporate law update allowing public companies to set ownership thresholds for such claims, and comes on the heels of Tesla's board being challenged in a Delaware Chancery ruling that CEO Elon Musk wielded undue influence over his $56 billion compensation packagenow on appeal to the Delaware Supreme Court. Warning! GuruFocus has detected 6 Warning Signs with XIACF. By hiking the entry ticket to 3%, Tesla aims to deter smaller investors from suing over governance and executive pay. Critics say the bylaw tweak is a direct response to the Musk pay lawsuit, which alleged conflicts of interest on the board and resulted in a scathing rebuke from Chancellor Kathaleen St. J. McCormick. Tesla has already filed its appeal, arguing the Chancery decision amounts to judicial overreach. Meanwhile, the broader governance landscape is shifting: Texas's new law, effective this month, explicitly empowers companies to adopt these thresholds, and Tesla wasted no time enshrining the change ahead of its next annual shareholder meeting. While the bylaw amendment may shield the company from nuisance litigation, it also raises questions about minority-shareholder rights and board accountability. Small investors and governance advocates warn the 3% hurdle could silence legitimate challenges, especially on issues ranging from climate risk disclosures to board diversity. At the same time, Tesla's stock saw modest weakness this morning amid the news and fresh pressure from Xiaomi's (XIACF) imminent Yu7 SUV launch, underscoring how both corporate actions and competitive dynamics can unsettle the EV leader. Why It Matters: By making it harder for small shareholders to sue, Tesla tests the balance between corporate autonomy and investor oversightan issue likely to shape governance battles across U.S. boardrooms. Investors will be watching the Delaware Supreme Court's decision on the Musk pay appeal and Tesla's upcoming proxy vote for clues on whether this governance gambit sticks. Tesla (NASDAQ:TSLA) is riding a volatile curve with sharply divided 12-month outlooks. The current target average sits at $287.54, but that's down 14.94% from prior estimates. Price targets range wildlyfrom a bullish $452.00 to a deeply bearish $19.10, revealing a stark split in analyst confidence. The flat-to-declining trendline suggests some skepticism may be setting in despite recent rebounds. This article first appeared on GuruFocus.
Yahoo
19-05-2025
- Automotive
- Yahoo
Tesla Sets 3% Ownership Threshold to Block Lawsuits
Tesla (NASDAQ:TSLA) raises the bar for shareholder lawsuits by amending its bylaws to require a minimum 3% ownership stake before investors can launch or maintain derivative suits. The move follows Texas Governor Greg Abbott's recent corporate law update allowing public companies to set ownership thresholds for such claims, and comes on the heels of Tesla's board being challenged in a Delaware Chancery ruling that CEO Elon Musk wielded undue influence over his $56 billion compensation packagenow on appeal to the Delaware Supreme Court. Warning! GuruFocus has detected 6 Warning Signs with XIACF. By hiking the entry ticket to 3%, Tesla aims to deter smaller investors from suing over governance and executive pay. Critics say the bylaw tweak is a direct response to the Musk pay lawsuit, which alleged conflicts of interest on the board and resulted in a scathing rebuke from Chancellor Kathaleen St. J. McCormick. Tesla has already filed its appeal, arguing the Chancery decision amounts to judicial overreach. Meanwhile, the broader governance landscape is shifting: Texas's new law, effective this month, explicitly empowers companies to adopt these thresholds, and Tesla wasted no time enshrining the change ahead of its next annual shareholder meeting. While the bylaw amendment may shield the company from nuisance litigation, it also raises questions about minority-shareholder rights and board accountability. Small investors and governance advocates warn the 3% hurdle could silence legitimate challenges, especially on issues ranging from climate risk disclosures to board diversity. At the same time, Tesla's stock saw modest weakness this morning amid the news and fresh pressure from Xiaomi's (XIACF) imminent Yu7 SUV launch, underscoring how both corporate actions and competitive dynamics can unsettle the EV leader. Why It Matters: By making it harder for small shareholders to sue, Tesla tests the balance between corporate autonomy and investor oversightan issue likely to shape governance battles across U.S. boardrooms. Investors will be watching the Delaware Supreme Court's decision on the Musk pay appeal and Tesla's upcoming proxy vote for clues on whether this governance gambit sticks. Tesla (NASDAQ:TSLA) is riding a volatile curve with sharply divided 12-month outlooks. The current target average sits at $287.54, but that's down 14.94% from prior estimates. Price targets range wildlyfrom a bullish $452.00 to a deeply bearish $19.10, revealing a stark split in analyst confidence. The flat-to-declining trendline suggests some skepticism may be setting in despite recent rebounds. This article first appeared on GuruFocus.
Yahoo
19-05-2025
- Automotive
- Yahoo
Tesla Sets 3% Ownership Threshold to Block Lawsuits
Tesla (NASDAQ:TSLA) raises the bar for shareholder lawsuits by amending its bylaws to require a minimum 3% ownership stake before investors can launch or maintain derivative suits. The move follows Texas Governor Greg Abbott's recent corporate law update allowing public companies to set ownership thresholds for such claims, and comes on the heels of Tesla's board being challenged in a Delaware Chancery ruling that CEO Elon Musk wielded undue influence over his $56 billion compensation packagenow on appeal to the Delaware Supreme Court. Warning! GuruFocus has detected 6 Warning Signs with XIACF. By hiking the entry ticket to 3%, Tesla aims to deter smaller investors from suing over governance and executive pay. Critics say the bylaw tweak is a direct response to the Musk pay lawsuit, which alleged conflicts of interest on the board and resulted in a scathing rebuke from Chancellor Kathaleen St. J. McCormick. Tesla has already filed its appeal, arguing the Chancery decision amounts to judicial overreach. Meanwhile, the broader governance landscape is shifting: Texas's new law, effective this month, explicitly empowers companies to adopt these thresholds, and Tesla wasted no time enshrining the change ahead of its next annual shareholder meeting. While the bylaw amendment may shield the company from nuisance litigation, it also raises questions about minority-shareholder rights and board accountability. Small investors and governance advocates warn the 3% hurdle could silence legitimate challenges, especially on issues ranging from climate risk disclosures to board diversity. At the same time, Tesla's stock saw modest weakness this morning amid the news and fresh pressure from Xiaomi's (XIACF) imminent Yu7 SUV launch, underscoring how both corporate actions and competitive dynamics can unsettle the EV leader. Why It Matters: By making it harder for small shareholders to sue, Tesla tests the balance between corporate autonomy and investor oversightan issue likely to shape governance battles across U.S. boardrooms. Investors will be watching the Delaware Supreme Court's decision on the Musk pay appeal and Tesla's upcoming proxy vote for clues on whether this governance gambit sticks. Tesla (NASDAQ:TSLA) is riding a volatile curve with sharply divided 12-month outlooks. The current target average sits at $287.54, but that's down 14.94% from prior estimates. Price targets range wildlyfrom a bullish $452.00 to a deeply bearish $19.10, revealing a stark split in analyst confidence. The flat-to-declining trendline suggests some skepticism may be setting in despite recent rebounds. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
19-05-2025
- Business
- CNBC
Stocks making the biggest premarket moves: Walmart, Netflix, Tesla, Reddit and more
Check out the companies making the biggest moves in premarket trading: Walmart — The retail giant slipped nearly 2%. On Saturday, President Donald Trump said Walmart should " eat the tariffs " and not raise prices. Treasury Secretary Scott Bessent told NBC's "Meet the Press" on Sunday CEO Doug McMillon told him the company would absorb some of the levies. Netflix — Shares shed 1.8% on the back of a downgrade at JPMorgan to neutral from overweight. The bank cited the stock's recent outperformance and noted there is no change to its long-term bullish view. Nvidia — Shares of Nvidia dropped 3% despite CEO Jensen Huang announcements on Monday about the company's new product. Nvidia's new "NVLink Fusion" program will allow customers and partners to use non-Nvidia CPUs and GPUs together with Nvidia products and NVLink. Tesla — The electric vehicle maker lost 4%. On Monday, China's Xiaomi said it was launching its new Yu7 sports utility vehicle, which is seen as a challenger to Tesla. Reddit — The social media stock fell almost 7% after being downgraded at Wells Fargo to equal weight from overweight. The bank said the disruptions in search traffic are likely to become permanent as Google integrates full artificial intelligence search capabilities. TXNM Energy — The stock popped 9% after the energy company agreed to be acquired by Blackstone's infrastructure unit. As part of the deal, TXNM Energy shareholders will receive $61.25 in cash for each share they own. Alibaba — U.S.-listed shares of the Chinese e-commerce giant were down 2% following a New York Times report that the Trump administration has raised concerns about Apple 's plan to use Alibaba's A.I. on iPhones in China. UnitedHealth — The health insurer added 4%, regaining some ground after losing 23% last week. UnitedHealth had suspended its 2025 guidance, saw its CEO step down and is reportedly the subject of a U.S. Department of Justice investigation . —CNBC's Pia Singh contributed reporting.
