Economic agreement reached between Alberta and Ontario premiers
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Globe and Mail
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Tesla Inc. (TSLA): Mizuho Maintains Bullish Outlook With 25% Upside
Tesla Inc. (TSLA) Mizuho Securities has reaffirmed its 'Buy' rating on Tesla's stock with a 12 month price target of $375. The firm's bullish stance suggests strong long-term confidence in Tesla's growth prospects, technology leadership, and innovation roadmap—particularly in EVs, energy storage, and AI-driven software features like Full Self-Driving (FSD). The downside to the target may reflect near-term pressures including valuation concerns, CEO Elon Musk's political distractions, and macroeconomic headwinds affecting consumer demand and EV adoption. Despite these challenges, Mizuho appears to believe Tesla's fundamentals and strategic position justify a continued Buy recommendation, with room for long-term upside as the company scales newer product lines and improves margins. Tesla has a consensus analyst rating of a 'Hold', with an average 12-month target price of $302 per share, suggesting limited upside from the stock's current trading level; while analysts like Wedbush's Daniel Ives, remain highly bullish with a $500 target. The broader analyst community remains more cautious amid valuation and execution concerns.
Globe and Mail
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How major US stock indexes fared Monday, 7/7/2025
Stocks fell on Wall Street as the Trump administration stepped up pressure on trading partners to make deals before punishing tariffs imposed by the U.S. take effect. The S&P 500 lost 0.8% Monday. The Dow Jones Industrial Average gave back 0.9%, and the Nasdaq composite fell 0.9%. Tesla tumbled as the feud between CEO Elon Musk and President Donald Trump reignited over the weekend. Musk, once a top donor and ally of Trump, said he would form a third political party in protest over the Republican spending bill that passed last week. On Monday: The S&P 500 fell 49.37 points, or 0.8%, to 6,229.98. The Dow Jones Industrial Average fell 422.17 points, or 0.9%, to 44,406.36. The Nasdaq composite fell 188.59 points, or 0.9%, to 20,412.52. The Russell 2000 index of smaller companies fell 34.81 points, or 1.5%, to 2,214.23. For the year: The S&P 500 is up 348.35 points, or 5.9%. The Dow is up 1,862.14 points, or 4.4%. The Nasdaq is up 1,101.72 points, or 5.7%. The Russell 2000 is down 15.93 points, or 0.7%.
CTV News
2 hours ago
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Quebec changes sales targets for electric vehicles
Montreal Watch Quebec has changes its sales targets for electric cars as certain hybrids are now included in the government's zero emissions plan.
