Latest news with #PiperSandler
Yahoo
5 hours ago
- Automotive
- Yahoo
Tesla (TSLA) Plans China Exit with Full In-House Battery Push
June 3 - Tesla (NASDAQ:TSLA) may be the lone U.S. carmaker trying to remove China from its battery supply chain, Piper Sandler said in a recent note. The investment firm spoke with battery expert Jordan Giesige, who highlighted Tesla's push to build 4680 cells with near-zero dependence on Chinese suppliers. Full autonomy won't happen overnight, but Tesla has a clear path forward. Warning! GuruFocus has detected 3 Warning Signs with CRDO. That roadmap involves refining its own lithium, making cathode active materials, coating electrodes in-house, and assembling batteries entirely on its premises. Piper Sandler emphasized Tesla's dry battery electrode (DBE) technology, which is roughly five to six times faster than standard wet coating. Scaling this process could shave significant costs. On the lithium iron phosphate (LFP) front, Tesla is reportedly targeting about 10 gigawatt-hours of domestic LFP capacity. That volume could supply roughly a quarter of the 40 GWh needed for U.S. Megapack production. Piper Sandler noted no other American automaker is even attempting this level of vertical integration. Even if Tesla's novel refining methods hit snags, it wouldn't be at a disadvantage, because competitors haven't laid out a comparable plan. Yet experts caution that fully weaning off China could still take several years. 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
Globe and Mail
5 hours ago
- Automotive
- Globe and Mail
Cathie Wood Trimmed Tesla Before Its Robotaxi Launch. Should You Bail on TSLA Stock Too?
Cathie Wood – the founder and chief executive of Ark Invest – has trimmed her exposure to Tesla (TSLA) shares ahead of the company's much-anticipated launch of robotaxi services in Austin, tentatively slated for June 12. Wood is a known proponent of TSLA shares and has previously argued that they could even hit $2,600 by the end of this decade – representing a more than 7x increase from current levels. Still, her flagship fund sold nearly 50,000 shares of the EV maker for an estimated $17 million last week. At the time of writing, Tesla stock is up some 65% versus its year-to-date low on April 8. Is Cathie Wood Losing Conviction in Tesla Stock? Investors should note that Wood's recent sales of Tesla shares is not a sign that she's lost conviction in the EV maker or its long-term potential in the robotaxi space. Instead, the move reflects what can only be described as prudent portfolio management following a massive surge in the EV stock in recent weeks. As a growth-focused investor, Cathie Wood often trims positions when valuations spike, locking in gains while staying aligned with her core thesis. Simply put, trimming exposure to TSLA stock last week was strategic rebalancing, not a shift in Wood's long-held bullish view on the company's future. Piper Sandler Says Buy TSLA Shares Before June 12 Piper Sandler analysts recommend buying Tesla shares ahead of the company's expected launch of robotaxi services next week. The investment firm continues to rate the EV stock at 'Overweight' with a price target of $400, indicating potential upside of another 14% from current levels. It remains constructive also because Tesla is the only automaker that's fully committed to in-house production of EV batteries with zero reliance on China. This vertical integration sets Tesla apart from other automotive stocks. Some Wall Street Firms Remain Cautious on Tesla Caution is still warranted in playing Tesla stock at current levels as not all Wall Street firms are as bullish on it as Piper Sandler. The consensus rating on the electric vehicle behemoth currently sits at 'Hold' only with the mean target of $290 indicating potential downside of about 17% from here.
Yahoo
10 hours ago
- Automotive
- Yahoo
Piper Sandler: Is Tesla the only U.S. automaker with a plan to bypass China?
-- Tesla appears to be the only U.S. automaker seriously pursuing battery independence from China, according to Piper Sandler. 'Thanks to vertical integration, Tesla (NASDAQ:TSLA) is the only car company that is trying to source batteries, at scale, without relying on China,' the firm said in a note following a call with battery expert Jordan Giesige. For its in-house 4680 batteries, 'China reliance is already approaching 0%,' Piper Sandler noted. While full independence remains years away, the firm emphasized that 'at least Tesla has a plan.' The company is reportedly working to refine its own lithium, produce cathode active materials (CAM), coat its own electrodes, and assemble batteries entirely in-house. 'No other U.S. entity can make similar claims,' argues Piper Sandler. One major focus is Tesla's dry battery electrode (DBE) process, which Piper Sandler said 'is 5x–6x faster than coating anodes or cathodes with a wet process.' If scalable, they believe it could deliver 'material' capital and operating cost savings. The process may start scaling by year-end, though Piper said Giesige highlighted that this remains uncertain. Tesla is also making progress on domestic iron-based (LFP) battery production. Piper Sandler said Giesige pointed out that the company is likely trying to commission '~10GWh of domestic LFP capacity,' which could eventually cover 25% of the 40GWh required for Megapack production in the U.S. Ultimately, even if Tesla's novel refining methods fail, the firm argues that the company wouldn't be disadvantaged relative to competitors, because no one else is trying. 'Success isn't assured, and in the next 2+ years, there's no way to insulate the U.S. supply chain from China... but at least Tesla has a plan,' concluded Piper Sandler. Related articles Piper Sandler: Is Tesla the only U.S. automaker with a plan to bypass China? German auto industry risks production halts over Chinese rare earth export restric Cantor starts coverage on software sector; names Klaviyo, Hubspot, Q2 top picks 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
Yahoo
12 hours ago
- Automotive
- Yahoo
Nio posts wider-than-expected Q1 loss, revenue miss; shares slip
-- Nio (NYSE:NIO) shares slipped nearly 2% in premarket trading Tuesday after the Chinese electric vehicle (EV) manufacturer reported a first-quarter loss of RMB3.01 per share, wider than the loss of RMB2.51 per share that analysts expected. Revenue for the period came in at RMB12.03 billion, up 21.5% year-over-year, but short of the RMB12.51 billion consensus estimate. Nio delivered 42,094 vehicles during the quarter, 40.1% year-over-year higher than in the same period last year. 'Since the beginning of the second quarter, we have seen a steady increase in monthly delivery volume. In April, our new products, the ET9 and firefly, have secured notable market shares in the premium executive market and high-end small electric car market respectively,' said William Bin Li, founder, chairman, and CEO of Nio. For the second quarter of 2025, the company forecasts revenue between RMB19.51 billion ($2.69 billion) and RMB20.07 billion ($2.77 billion), projecting a year-over-year increase of approximately 11.8% to 15.0%. Related articles Nio posts wider-than-expected Q1 loss, revenue miss; shares slip Oklo shares jump 6% as nuclear sector rallies on Meta deal Piper Sandler: Is Tesla the only U.S. automaker with a plan to bypass China? 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
Business Insider
20 hours ago
- Business
- Business Insider
aTyr Pharma management to meet with Piper Sandler
Meeting to be held in New York on June 4 hosted by Piper Sandler. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
