John Murphy

Last Wednesday, California Gov. Gavin Newsom signed an executive order to ban the sale of new gas-powered cars and pickup trucks in the state by 2035. BofA's Take On California Order: The wording of Executive Order N-79-20 reads as a goal instead of an order, BofA Securities...

All eyes remain on Tesla Inc (NASDAQ: TSLA) ahead of Tuesday's Battery Day event. 5 Battery Day Developments To Watch: BofA Securities named five key topics they think will be discussed: Improvement in battery cost, power density and range.  Possible battery insourcing or deepening...

Shares of General Motors Company (NYSE: GM) and Nikola Corporation (NASDAQ: NKLA) rallied on Tuesday after GM announced it's taking a $2 billion stake in the hydrogen fuel cell electric truck maker. As part of the companies’ new partnership, GM will produce Nikola’s first Badger...

Tesla Inc (NASDAQ: TSLA) shares are up another 7.7% this week after the company completed its stock split on Monday and announced a $5 billion offering on Tuesday. On Wednesday, one Wall Street analyst raised his price target for Tesla and said the company no longer has pressure to self-fund its...

With the stock up 600% in the past year, another one Wall Street bear threw in the towel on Tesla Inc (NASDAQ: TSLA) on Friday. The Tesla Analyst: Bank of America analyst John Murphy upgraded Tesla from Underperform to Neutral and raised his price target from $800 to $1,750. The Tesla Thesis: ...

The global auto industry has been pounded by the COVID-19 outbreak. Fortunately for auto stock investors, Bank of America analyst John Murphy said Tuesday the auto industry appears to be bouncing back much more quickly than initially feared. The Numbers: Murphy is estimating a July seasonally...

Tesla Inc (NASDAQ: TSLA) reported a second-quarter earnings beat on Wednesday afternoon. Adjusted EPS of $2.18 on revenue of $6.04 billion both exceeded consensus analyst estimates of 3 cents and $5.37 billion, respectively. Perhaps more importantly, Tesla’s GAAP EPS of 50 cents...

The spike in Tesla Inc (NASDAQ: TSLA) in recent weeks seems to have been supported by moves in newer or niche technology stocks, the market’s preference for growth stocks and investors buying shares ahead of the company’s potential addition to the S&P500, according to BofA...

The auto sector reported earnings, and the group as a whole reported "generally better" results against "low expectations," according to BofA Securities' John Murphy. The Auto Sector Recap The auto sector kicked off 2020 on a difficult note with extended COVID-19-...

Stocks that trade under $5 per share are often referred to as penny stocks. Many penny stocks trade for literal pennies (or less) on the OTC market, but there are plenty of penny stocks that trade on major exchanges as well. The Nasdaq and NYSE require all stocks listed on their exchanges to...

Despite the chaos in the world around Tesla Inc (NASDAQ: TSLA), the automaker reported a strong first quarter Wednesday, with sales of $5.985 billion exceeding a $5.9-billion Street forecast and a bottom line of $1.24 far surpassing expectations of a 36-cent loss. The performance was driven in part...

Ford Motor Company (NYSE: F) shares traded lower on Wednesday morning after the company said it burned through $2.2 billion in cash in the first quarter and is expecting a $5 billion loss in the second quarter. Ford reported first-quarter revenue of $34.3 billion, down 14.9% from a year ago. Ford...

Tesla shares traded higher on Wednesday despite one Wall Street analyst downgrading the stock and questioning its valuation. The Tesla Analyst Bank of America analyst John Murphy downgraded Tesla from Neutral to Underperform and cut his price target from $500 to $485. The Tesla Thesis Murphy...

Tesla Inc (NASDAQ: TSLA) shares gained 13.5% on Friday morning after the company reported first-quarter vehicle delivery numbers that weren’t as bad as many investors had feared. Tesla delivered 88,400 vehicles in the first quarter of 2020, up 40.3% from a year ago and well ahead of consensus...

Shares of Tesla Inc (NASDAQ: TSLA) have lost more than half of its value since peaking near $970, which prompted BofA Securities to put an end to its bearish stance. The Tesla Analyst John Murphy upgraded Tesla's stock from Underperform to Neutral with a price target lifted from $370 to $500....