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2021-03-16

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What Musk's 'Technoking' Title, Tesla's New Truck Exec Mean For Automaker's Tech, Bitcoin, Semi Plans

Tesla, Inc. revealed an added title for CEO Elon Musk and a management change in two SEC filings Monday.The Tesla Analyst: Wedbush analyst Daniel Ives has a Neutral rating on Tesla with a $950 price target.The Tesla Thesis: The title of "Technoking of Tesla" is a hint at Musk viewing Tesla as a technology disruptor in the future, especially with robotaxis, full self-driving and massive technology advancements on the horizon, Ives said in a note.The new title of "Master of Coin" given to CFO Z

What Musk's 'Technoking' Title, Tesla's New Truck Exec Mean For Automaker's Tech, Bitcoin, Semi Plans

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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat Musk's 'Technoking' Title, Tesla's New Truck Exec Mean For Automaker's Tech, Bitcoin, Semi Plans\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Benzinga </p>\n<p class=\"h-time\">2021-03-16 09:40</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<p><img src=\"https://static.tigerbbs.com/bd2a4e1cc0ee6c602a1d76dff5e53292\" tg-width=\"600\" tg-height=\"400\" referrerpolicy=\"no-referrer\"></p>\n<p><b>Tesla, Inc. </b>(NASDAQ: TSLA) revealed an added title for CEO Elon Musk and a management change in&nbsp;two SEC filings Monday.</p>\n<p><b>The Tesla Analyst: </b> Wedbush analyst Daniel Ives has a Neutral rating on Tesla with a&nbsp;$950 price target.</p>\n<p><b>The Tesla Thesis: </b> The title of \"Technoking of Tesla\"&nbsp;is a hint at Musk viewing Tesla as a technology disruptor in the future, especially with robotaxis, full self-driving and massive technology advancements on the horizon, Ives said in a note.</p>\n<p>The new title of \"Master of Coin\"&nbsp;given to CFO Zach Kirkhorn is a signal that the company will increase its Bitcoin ownership in the coming years, the analyst said.</p>\n<p>The company may have made roughly $1.2 billion in paper profit on its bitcoin investment, he said.</p>\n<p>Jerome Guillen moving to the heavy truck frontier is a significant strategic move, underlining Tesla's plans to double down on its semi and trucking vision over the next few years, Ives said.</p>\n<p>Over the weekend, Tesla released a video of its new electric semi-truck prototype on the test track at Fremont, the analyst said.</p>\n<p>\"We continue to believe this is a 2022 model release that will be discussed in more detail over the coming months from Tesla as production plans start to develop.\"</p>\n<p>Tesla's success in ramping its EV initiatives and demand in China for the month of March will likely catalyze shares higher, according to Wedbush.</p>\n<p><b>TSLA Price Action: </b>At last check, Tesla shares were down 0.17% to $693.52.</p>\n<p><b>Latest Ratings for TSLA</b></p>\n<table>\n <tbody>\n  <tr>\n   <th>Date</th>\n   <th>Firm</th>\n   <th>Action</th>\n   <th>From</th>\n   <th>To</th>\n  </tr>\n </tbody>\n <tbody>\n  <tr>\n   <td>Mar 2021</td>\n   <td>Mizuho</td>\n   <td>Initiates Coverage On</td>\n   <td></td>\n   <td>Buy</td>\n  </tr>\n  <tr>\n   <td>Mar 2021</td>\n   <td>New Street</td>\n   <td>Upgrades</td>\n   <td>Neutral</td>\n   <td>Buy</td>\n  </tr>\n  <tr>\n   <td>Feb 2021</td>\n   <td><a href=\"https://laohu8.com/S/MSTLW\">Morgan Stanley</a></td>\n   <td>Maintains</td>\n   <td></td>\n   <td>Overweight</td>\n  </tr>\n </tbody>\n</table>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TSLA":"特斯拉"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2119170941","content_text":"Tesla, Inc. (NASDAQ: TSLA) revealed an added title for CEO Elon Musk and a management change in two SEC filings Monday.\nThe Tesla Analyst:  Wedbush analyst Daniel Ives has a Neutral rating on Tesla with a $950 price target.\nThe Tesla Thesis:  The title of \"Technoking of Tesla\" is a hint at Musk viewing Tesla as a technology disruptor in the future, especially with robotaxis, full self-driving and massive technology advancements on the horizon, Ives said in a note.\nThe new title of \"Master of Coin\" given to CFO Zach Kirkhorn is a signal that the company will increase its Bitcoin ownership in the coming years, the analyst said.\nThe company may have made roughly $1.2 billion in paper profit on its bitcoin investment, he said.\nJerome Guillen moving to the heavy truck frontier is a significant strategic move, underlining Tesla's plans to double down on its semi and trucking vision over the next few years, Ives said.\nOver the weekend, Tesla released a video of its new electric semi-truck prototype on the test track at Fremont, the analyst said.\n\"We continue to believe this is a 2022 model release that will be discussed in more detail over the coming months from Tesla as production plans start to develop.\"\nTesla's success in ramping its EV initiatives and demand in China for the month of March will likely catalyze shares higher, according to Wedbush.\nTSLA Price Action: At last check, Tesla shares were down 0.17% to $693.52.\nLatest Ratings for TSLA\n\n\n\nDate\nFirm\nAction\nFrom\nTo\n\n\n\n\nMar 2021\nMizuho\nInitiates Coverage On\n\nBuy\n\n\nMar 2021\nNew Street\nUpgrades\nNeutral\nBuy\n\n\nFeb 2021\nMorgan Stanley\nMaintains\n\nOverweight","news_type":1},"isVote":1,"tweetType":1,"viewCount":126,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"EN","currentLanguage":"EN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"upFlag":false,"length":3,"xxTargetLangEnum":"ORIG"},"commentList":[],"hasMoreComment":false,"orderType":2}