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A top Wall Street analyst released a new report stating that he believes Tesla (TSLA) stock could soon rise to $1,000 per share on a ‘green tidal wave’ coming to the US and China.

As we reported last week, a report came out stating that Tesla’s net new orders are crashing in China due to recent bad press in the market.

Dan Ives, analyst at Wedbush Securities, issued a new note to clients about Tesla in which he stated that the electrification of China’s massive automotive market is just starting:

“Taking a step back, only 5% of auto sales in China are EV driven today and we believe this transformational consumer demand will see a doubling of EV deliveries in this key region over the next two years with Tesla a major beneficiary along with domestic pure plays NIO, Xpeng, Li Auto, and others,”

He believes Tesla will benefit from the accelerated electrification of the market in the next few years.

The analyst also notes that the impact of President Biden’s $174 billion plan to accelerate electrification in the US has yet to be realized.

At this point, we don’t even know all the details of the plan.

Ives was actually the first to report that the EV federal tax credit could go up to $10,000 in the reform of the program.

He was actually right since the latest bill proposed to reform the federal EV incentive included an increase to $10,000 for EVs made in the US and to $12,500 for EVs made in the US by union workers.

However, the bill hasn’t gone to a vote yet, and the final form of the EV tax credit reform is still unclear.

Wedbush reiterated a $1,000 per share price for Tesla’s stock.

Ives is one of the top Wall Street analyst according to Tip Ranks, an analyst ranking firm.

The Wedbush analyst ranked #79 out of 7,545 analysts on TipRanks with a 67% success rate and a 32% average return.

Electrek’s Take

I agree with Ives that we haven’t seen anything yet. Tesla’s troubles in China are going to look like child’s play when 40-50% of car buyers are going to be hungry for EVs.

Same thing in the US.

Tesla managed to get 80% of the US market last year without having access to the $7,500 tax credit while most competitors did.

Can you imagine how many it could sell if the buyers had access to a $10,000 incentive? Everything they can make, which is going to be a lot more in the US once Gigafactory Texas starts producing vehicles later this year.

While the automaker has some significant issues that it needs to address, especially when it comes to communications and customer service, any demand concerns are overblown, in my opinion.

Full disclosure: I am long TSLA.


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Huw Edwards: Former BBC presenter given suspended sentence over indecent images of children

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Huw Edwards: Former BBC presenter given suspended sentence over indecent images of children

Huw Edwards has been given a six-month jail sentence suspended for two years for accessing indecent images of children as young as seven.

The former BBC presenter had pleaded guilty to three counts of “making” indecent images of children.

Westminster Magistrates’ Court in London heard how Edwards paid up to £1,500 to a paedophile who sent him 41 illegal images between December 2020 and August 2021, seven of which were of the most serious type.

Live updates from court as Huw Edwards is sentenced

Huw Edwards
Pic: Met Police
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A mugshot of Huw Edwards has been released by police. Pic: Met Police

Of those images, the estimated age of most of the children was between 13 and 15, but one was aged between seven and nine.

Prosecutor Ian Hope told the court Edwards had been assessed as posing a “medium risk of causing serious harm to children”.

Sentencing him, chief magistrate Paul Goldspring told Edwards his “reputation is now in tatters”.

The disgraced broadcaster was sent the illegal images by convicted paedophile Alex Williams over WhatsApp.

Williams was charged in relation to his WhatsApp chat with Edwards and was convicted of seven offences following an investigation by South Wales Police – receiving a 12-month suspended sentence.

Huw Edwards
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Edwards arrives at Westminster Magistrates’ Court for his sentencing

The final indecent image was sent in August 2021, a category A film featuring a young boy, with Williams telling Edwards the child was “quite young looking” and that he had more images which were illegal.

The relevant images range from the most serious category, known as category A, to the least serious, known as category C.

They include seven category A images, 12 category B images, and 22 category C images.

Former BBC broadcaster Huw Edwards arrives at Westminster Magistrates' Court.
Pic: PA
Image:
Pic: PA

During his four decades at the BBC, Edwards was among the broadcasting teams covering historic events including the late Queen’s funeral in 2022 and the coronation of the King in May 2023.

Edwards also announced the late Queen’s death on the BBC in September 2022.

Read more:
Who is paedophile who sent Edwards illegal images?
Teen ‘paid by Edwards for explicit photos’ felt ‘groomed’
BBC boss reveals what will happen with Edwards archive footage

Last week, BBC chairman Samir Shah admitted the 63-year-old had “damaged” the reputation of the corporation.

The BBC is attempting to recover an estimated £200,000 in pay from Edwards, who continued to be paid a salary for around five months after the corporation discovered he had been arrested in November 2023.

Edwards resigned from the BBC in April citing medical advice.

Image:
Pic: BBC News

According to the Crown Prosecution Service, “making” an indecent image has been broadly interpreted by the courts.

It can range from opening an attachment to an email containing an image, to accessing pornographic websites in which indecent photographs of children appear by way of an automatic “pop-up” mechanism.

In the case of Edwards, he received the illegal images as part of a WhatsApp conversation.

Edwards’ barrister Philip Evans KC said his client had not “created” the images “in the traditional sense of the word”.

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Baby Reindeer stars among big winners at Emmys – as Shogun makes history

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Baby Reindeer stars among big winners at Emmys - as Shogun makes history

Hit British series Baby Reindeer was among the big winners at this year’s Emmy Awards – as Shogun made history and there were also big wins for The Bear and Hacks.

Richard Gadd, who created and starred in the popular but controversial drama Baby Reindeer, collected awards for writing and starring in the limited series category, while co-star Jessica Gunning was named best supporting actress.

Japanese historical drama Shogun became the first non-English language show to be named best drama, and also set a record for the most single-season Emmy wins – taking home four prizes on the night to make it 18 in total, following previous gongs at the creative arts event handed out earlier this month.

Anna Sawai accepts the award for outstanding lead actress in a drama series for "Shogun" during the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Chris Pizzello)
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Anna Sawai was named outstanding lead actress in a drama series for her performance in Shogun. Pic: AP/Chris Pizzello

Jeremy Allen White accepts the award for outstanding lead actor in a comedy series for "The Bear" during the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Chris Pizzello)
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Jeremy Allen White accepts the award for outstanding lead actor in a comedy series for The Bear. Pic: AP/Chris Pizzello

The Bear picked up four awards in the comedy categories, including wins for stars Jeremy Allen White, Ebon Moss-Bachrach and Liza Colon-Zayas, while Hacks took the overall win for best comedy series.

Meanwhile, Elizabeth Debicki also won her first Emmy for her portrayal of Diana, Princess of Wales, in fictionalised royal drama The Crown.

On stage, Gadd, 35, said it was “stuff of dreams” as he accepted awards for outstanding limited or anthology series, best writing, and lead actor for Baby Reindeer, which is said to be inspired by his real-life experiences.

In pictures: Red carpet style at the Emmys

Baby Reindeer stars Jessica Gunning and Richard Gadd with their awards at the Emmys. Pic: AP/Jae C Hong
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Baby Reindeer stars Jessica Gunning and Richard Gadd with their awards at the Emmys. Pic: AP/Jae C Hong

The show sees his character Donny Dunn stalked by a woman called Martha. After becoming a viral hit earlier this year, the programme made international headlines after a woman claiming to be the inspiration behind Martha filed a lawsuit against Netflix, alleging the story is inaccurate.

In his acceptance speech for the writing award, Gadd said: “Ten years ago, I was down and out. I never ever thought I’d get my life together… then here I am, just over a decade later, picking up one of the biggest writing awards in television.

“I don’t mean that to sound arrogant. I mean it as encouragement for anyone who’s going through a difficult time right now to persevere… if you’re struggling, keep going – keep going and I promise you things will be okay.”

Accepting her supporting actress prize, Gunning said she was “incredibly proud” to be part of the show. “Thank you for trusting me to be your Martha,” she said to Gadd. “I will never, ever forget her or you or this.”

This year’s Emmys ceremony, held at the Peacock Theatre in Los Angeles, was also a huge success for Shogun. The show launched in February and is based on James Clavell’s best-selling novel, set during the 1600s.

Stars Hiroyuki Sanada and Anna Sawai became the first Japanese actors to win Emmys in the dramatic acting categories.

Sanada, who received a standing ovation, told the audience he was “beyond honoured”, and added: “Shogun taught me that when people work together, we can make miracles. We can create a better future together.”

A tearful Sawai, a first-time nominee, said: “I was crying before my name was announced. I’m a mess today. This to all the women who expect nothing and continue to be an example for everyone.”

Baby Reindeer and Shogun were not the only shows to receive multiple prizes, with hit series The Bear also a big winner.

In their opening monologue, father-son hosting duo Eugene and Dan Levy joked that the show, which depicts the stresses of life working in a professional kitchen and stars Jeremy Allen White as a chef running the family business after the death of his brother – would be better off categorised as a drama.

Allen White described himself as “so, so, so lucky” after picking up the Emmy for lead actor in a comedy series for his role as Carmen “Carmy” Berzatto.

“This show has changed my life, it has instilled a faith that change is possible, that change is possible if you are able to reach out, you are really truly not actually alone,” he said in his acceptance speech.

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The Bear star Liza Colon-Zayas gets political

His co-stars Ebon Moss-Bachrach and Liza Colon-Zayas also picked up the awards for best supporting actor and actress in a comedy.

This is the second Emmys ceremony this year, after the September 2023 event was postponed to January 2024 due to the US writers’ and actors’ strikes.

The Bear was also among the big winners then, along with Succession and Beef.

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Emmys red carpet fashion 2024: All the best looks from the stars and nominees

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Emmys red carpet fashion 2024: All the best looks from the stars and nominees

Nominees and celebrity guests hit the red carpet in style ahead of this year’s Emmy Awards.

British shows The Crown, with 18 nominations, and Baby Reindeer, with 11, were among this year’s biggest contenders, rubbing shoulders with The Bear, Shogun, Only Murders In The Building, and True Detective: Night Country.

This is the second Emmy Awards ceremony of the year, after the 2023 event was delayed to January because of the Hollywood writers’ strike.

Here are some of the looks from the red carpet.

Rita Ora and Taika Waititi poses for a Red Carpet portrait at the 76th Emmy Awards on Sunday, Sept. 15, 2024 at the Peacock Theater in Los Angeles. (Photo by Danny Moloshok/Invision for the Television Academy/AP Content Services)
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Rita Ora and Taika Waititi. Pic: Danny Moloshok/Invision for the Television Academy/AP

Jennifer Aniston poses for a Red Carpet portrait at the 76th Emmy Awards on Sunday, Sept. 15, 2024 at the Peacock Theater in Los Angeles. (Photo by Danny Moloshok/Invision for the Television Academy/AP Content Services)
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Jennifer Aniston. Pic: Danny Moloshok/Invision for the Television Academy/AP

Meryl Streep arrives at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (Photo by Richard Shotwell/Invision/AP)
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Meryl Streep. Pic: Richard Shotwell/Invision/AP

Sofia Vergara poses for a Red Carpet portrait at the 76th Emmy Awards on Sunday, Sept. 15, 2024 at the Peacock Theater in Los Angeles. (Photo by Danny Moloshok/Invision for the Television Academy/AP Content Services)
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Sofia Vergara. Pic: Danny Moloshok/Invision for the Television Academy/AP

Da'Vine Joy Randolph arrives at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Jae C. Hong)
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Da’Vine Joy Randolph. Pic: AP/Jae C Hong

Jeremy Allen White arrives at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (Photo by Richard Shotwell/Invision/AP)
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The Bear’s Jeremy Allen White. Pic: Richard Shotwell/Invision/AP

Reese Witherspoon poses for a Red Carpet portrait at the 76th Emmy Awards on Sunday, Sept. 15, 2024 at the Peacock Theater in Los Angeles. (Photo by Danny Moloshok/Invision for the Television Academy/AP Content Services)
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Reese Witherspoon. Pic: Danny Moloshok/Invision for the Television Academy/AP

Nicola Coughlan arrives at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Jae C. Hong)
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Bridgerton and Derry Girls star Nicola Coughlan. Pic: Jae C Hong

Selena Gomez poses for a Red Carpet portrait at the 76th Emmy Awards on Sunday, Sept. 15, 2024 at the Peacock Theater in Los Angeles. (Photo by Jordan Strauss/Invision for the Television Academy/AP Content Services)
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Selena Gomez. Pic: Jordan Strauss/Invision for the Television Academy/AP

Kristen Wiig arrives at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (Photo by Richard Shotwell/Invision/AP)
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Kristen Wiig. Pic: Richard Shotwell/Invision/AP

Viola Davis arrives at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (Photo by Richard Shotwell/Invision/AP)
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Viola Davis. Pic: Richard Shotwell/Invision/AP

Sarah Paulson, left, and Holland Taylor arrive at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (Photo by Richard Shotwell/Invision/AP)
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Sarah Paulson, left, and Holland Taylor. Pic: Richard Shotwell/Invision/AP

Susan Downey, left, and Robert Downey Jr. arrive at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Jae C. Hong)
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Susan Downey, left, and Robert Downey Jr. Pic: AP/Jae C Hong

Andrew Scott walks the Red Carpet at the 76th Emmy Awards on Sunday, Sept. 15, 2024 at the Peacock Theater in Los Angeles. (Photo by Dan Steinberg/Invision for the Television Academy/AP Content Services)
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All Of Us Strangers and Fleabag star Andrew Scott. Pic: Dan Steinberg/Invision for the Television Academy/AP

Carson Kressley, from left, Michelle Visage, RuPaul, Ross Mathews, Ts Madison and Jamal Sims arrive at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Jae C. Hong)
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RuPaul’s Drag Race stars (L-R): Carson Kressley, Michelle Visage, RuPaul, Ross Mathews, Ts Madison and Jamal Sims. Pic: AP/Jae C Hong

Anna Sawai poses for a Red Carpet portrait at the 76th Emmy Awards on Sunday, Sept. 15, 2024 at the Peacock Theater in Los Angeles. (Photo by Jordan Strauss/Invision for the Television Academy/AP Content Services)
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Shogun’s Anna Sawai. Pic: Jordan Strauss/Invision for the Television Academy/AP

Ayo Edebiri arrives at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Jae C. Hong)
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The Bear’s Ayo Edebiri. Pic: AP/Jae C Hong

Maya Rudolph arrives at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (Photo by Richard Shotwell/Invision/AP)
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Maya Rudolph. Pic: Richard Shotwell/Invision/AP

Christine Baranski arrives at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Jae C. Hong)
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The Gilded Age’s Christine Baranski. Pic: AP/Jae C Hong

Elizabeth Debicki poses for a Red Carpet portrait at the 76th Emmy Awards on Sunday, Sept. 15, 2024 at the Peacock Theater in Los Angeles. (Photo by Danny Moloshok/Invision for the Television Academy/AP Content Services)
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Elizabeth Debicki, who portrayed Princess Diana in The Crown. Pic: Danny Moloshok/Invision for the Television Academy/AP

Melissa Peterman, left, and Reba McEntire arrive at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Jae C. Hong)
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Melissa Peterman, left, and Reba McEntire. Pic: AP /Jae C Hong

Rob McElhenney arrives at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (Photo by Richard Shotwell/Invision/AP)
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Rob McElhenney. Pic: Richard Shotwell/Invision/AP

Amber Chardae Robinson arrives at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Jae C. Hong)
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Amber Chardae Robinson. Pic: AP/Jae C Hong

Kali Reis arrives at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (Photo by Richard Shotwell/Invision/AP)
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True Detective star Kali Reis. Pic: Richard Shotwell/Invision/AP

Jodie Foster, left, and Alexandra Hedison arrive at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Jae C. Hong)
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Jodie Foster, left, and Alexandra Hedison. Pic: AP Photo/Jae C Hong

Eiza Gonzalez arrives at the 76th Primetime Emmy Awards on Sunday, Sept. 15, 2024, at the Peacock Theater in Los Angeles. (AP Photo/Jae C. Hong)
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Eiza Gonzalez. Pic: AP Photo/Jae C Hong

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