Redwood Materials Appoints Former Tesla CFO as Finance Chief

Written by Emily J. Thompson, Senior Investment Analyst

Source: Newsfilter

Updated: 1 hour ago

0mins

TSLA+3.92%

GOOGL-1.96%

NVDA+2.5%

Should l Buy TSLA?

Source: Newsfilter

Executive Change: Redwood Materials has appointed former Tesla CFO Deepak Ahuja as its new finance chief, leveraging Ahuja's extensive experience in financing and business management at Tesla to drive further growth in the battery recycling sector.
Funding Background: Since its founding in 2017, Redwood Materials has raised over $2.3 billion in venture capital and secured a $2 billion loan commitment from the Department of Energy, providing robust financial support for its expansion in battery recycling and energy storage systems.
Market Demand: Ahuja highlighted the rapid growth in demand for battery storage systems driven by the rise of electric vehicles and renewable energy, with Redwood Materials'

Trade with 70% Backtested Accuracy

Stop guessing "Should I Buy TSLA?" and start using high-conviction signals backed by rigorous historical data.

Analyst Views on TSLA

Wall Street analysts forecast TSLA stock price to fall

30 Analyst Rating

12 Buy

11 Hold

7 Sell

Hold

Current: 428.350

Low

25.28

Averages

401.93

High

600.00

Current: 428.350

Low

25.28

Averages

401.93

High

600.00

DZ Bank

Sell

Hold

upgrade

$385

2026-04-24

Reason

DZ Bank

Price Target

$385

AI Analysis

2026-04-24

upgrade

Sell

Hold

Reason

DZ Bank upgraded Tesla to Hold from Sell with a $385 price target.

Needham

Hold

maintain

2026-04-23

Reason

Needham

Price Target

2026-04-23

maintain

Hold

Reason

Needham keeps a hold rating with no price target on Tesla after its Q1 results. The company continues to make incremental progress across autonomy, AI infrastructure, and vertical integration, reinforcing the long-term narrative on the stock, though its margin outperformance appears partially driven by non-recurring benefits and may not be durable as inventory builds and competition increases in the core auto business, the analyst tells investors in a research note. Tesla is also entering a heavier investment phase with elevated capex tied to autonomy, Optimus and infrastructure, the firm added.

Unlock Full Analyst Thesis， Get the complete breakdown of rating reason for TSLA

Unlock Now

About TSLA

Tesla, Inc. designs, develops, manufactures, sells and leases high-performance fully electric vehicles and energy generation and storage systems, and offers services related to its products. Its segments include automotive, and energy generation and storage. The automotive segment includes the design, development, manufacturing, sales and leasing of high-performance fully electric vehicles, and sales of automotive regulatory credits. It also includes sales of used vehicles, non-warranty maintenance services and collisions, part sales, paid supercharging, insurance services revenue and retail merchandise sales. The energy generation and storage segment include the design, manufacture, installation, sales and leasing of solar energy generation and energy storage products and related services and sales of solar energy systems incentives. Its consumer vehicles include the Model 3, Y, S, X and Cybertruck. Its lithium-ion battery energy storage products include Powerwall and Megapack.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.

Trump and Xi Prepare for Crucial Talks Amid Trade Tensions

17 hours agoCNBC

Potential Trade Truce: The upcoming meeting between Trump and Xi will address a wide range of issues including trade, technology, and Taiwan, with both leaders aiming to reach an agreement that could ease tensions and have significant implications for the global economy.
Rare Earth Export Controls: China's suspension of rare earth and related magnets exports disrupts global automotive supply chains, potentially leading to economic repercussions across Europe, Japan, and South Korea, highlighting the complexities of U.S.-China relations.
Taiwan as a Focus: The Taiwan issue is viewed as the biggest risk in bilateral relations, and any concessions from Trump could embolden China to adopt a more aggressive stance, thereby affecting regional stability.
Global Market Implications: The outcomes of this summit will impact global trade and geopolitics, particularly threatening market shares in Japan and the EU, reflecting the international community's keen interest in U.S.-China relations.

Trump Invites Top Executives for China Trip

1 hour agoCNBC

Executive Delegation: President-elect Trump has invited top executives, including Tesla's Elon Musk and Apple's Tim Cook, to join his trip to China, aiming to enhance U.S.-China business cooperation through high-level engagement.
Broad Agenda: The summit is expected to cover a wide range of topics, including trade, artificial intelligence, export controls, Taiwan, and the Iran war, indicating a desire to ease tensions through dialogue after recent escalations.
Business Deal Expectations: Trump hopes to secure a series of business deals and purchase agreements during the visit, which, if successful, could enhance U.S. companies' competitiveness in the Chinese market and foster bilateral economic relations.
Diverse Executive List: The delegation includes executives from various sectors, such as Stephen Schwarzman of Blackstone and Jane Fraser of Citigroup, reflecting U.S. companies' commitment to the Chinese market and willingness to collaborate.

Redwood Materials Appoints Former Tesla CFO Deepak Ahuja

1 hour agoCNBC

Executive Change: Redwood Materials has appointed former Tesla CFO Deepak Ahuja as its new CFO, who successfully guided Tesla through its IPO in 2010, showcasing his deep background and leadership in the electric vehicle sector.
Funding Strength: Redwood Materials has raised over $2.3 billion in venture funding and secured a $2 billion loan commitment from the Department of Energy, indicating strong financial backing and market confidence in its battery recycling initiatives.
Market Demand: Ahuja emphasized the growing demand for electric vehicles and battery storage systems in the U.S., as Redwood Materials expands its influence in the energy storage market through partnerships with companies like Ford and Rivian.
Strategic Restructuring: Following a recent restructuring that cut about 10% of its workforce, Redwood Materials aims to refocus resources on its energy division, with Ahuja's addition expected to enhance the company's profitability and competitive edge.

Nadella Testifies as Microsoft Faces Lawsuit

1 hour agoCNBC

Lawsuit Background: Elon Musk's 2024 lawsuit against OpenAI and its executives alleges a breach of their nonprofit commitments, with Microsoft named as a defendant, highlighting the increasing legal risks the company faces in the AI sector.
Investment Scale: Microsoft has invested over $13 billion in OpenAI since 2019, with Musk citing the $10 billion investment in 2023 as a pivotal factor in OpenAI's deviation from its nonprofit mission, potentially impacting Microsoft's reputation and market trust.
Equity Structure: Microsoft holds approximately a 27% stake in OpenAI's for-profit subsidiary, valued at around $135 billion, which enhances Microsoft's strategic position in the AI landscape but raises questions about its motivations.
Strained Partnership: Although the partnership with OpenAI is deemed strategic, recent tensions have emerged, particularly in light of Musk's lawsuit, as evidenced by the revised partnership agreement aimed at reassessing future collaboration dynamics.

Trump Invites Tesla and Apple CEOs for China Trip

1 hour agoNewsfilter

Executive Participation: The White House has invited Tesla's Elon Musk and Apple's Tim Cook to accompany President Trump on his trip to China this week, highlighting the U.S. government's focus on tech giants and potentially fostering business collaboration between the two nations.
Key Delegation: The delegation also includes Goldman Sachs' David Solomon, Blackstone's Stephen Schwarzman, BlackRock's Larry Fink, Citigroup's Jane Fraser, and Meta's Dina Powell McCormick, indicating the commercial potential and influence of this visit.
Business Deal Expectations: President Trump aims to unlock a series of business deals and purchase agreements with Beijing during this visit, reflecting ongoing interest and expectations from U.S. companies regarding the Chinese market, which could lead to new investment opportunities.
Visit Schedule: According to Xinhua, Trump will make a state visit from May 13 to 15, and the timing of this trip may present new development opportunities for economic relations between the U.S. and China.