Pre-Open Movers: ADT Jumps on State Farm Deal, Bed Bath Falls on CFO's Death

Musk Says Owners Should Get $100 Credit if Tesla (TSLA) Changes Service Appt Times

September 8, 2022 2:07 PM EDT

With electric vehicles becoming prevalent in the world, it stands to reason that most may eventually need maintenance. However, with supply chains still experiencing slowdowns, some Tesla (NASDAQ: TSLA) owners are having to wait.

A recent tweet by a Tesla owner to... More

General Motors (GM) to Develop Platform Targeting Chinese Affluent

September 8, 2022 11:02 AM EDT

An exclusive from Reuters reports today that American carmaker, General Motors (NYSE: GM) is planning to target affluent Chinese consumers with niche, luxury imports using a new direct sales platform called Durant Guild.

Using the platform, the company will host invitation-only events to showcase possible products, open "experience centers" in urban hubs and potentially stage pop-ups at selected sites.

"Durant Guild is not a volume play, but if we do a good job and the products sell well,... More

Tesla (TSLA) Reports Strong August Sales Numbers in China

September 8, 2022 8:02 AM EDT

Tesla (NASDAQ: TSLA) reported their Chinese sales numbers for August selling 76,965 Chinese-made vehicles. According to Reuters, the company nearly tripled its sales from a month ago when scheduled upgrades disrupted most production.

The China Passenger Car Association (CPCA) said the electric carmaker exported 42,463 Model 3s and Model Ys from China last month. In July, it sold 28,217 vehicles and exported... More

Tesla (TSLA) Model Y Earns 5-Star safety Rating from Euro NCAP

September 7, 2022 12:31 PM EDT

Tesla (NASDAQ: TSLA) announced on their blog Wednesday that the companys Model Y is their latest vehicle to earn a 5-star safety rating from the European New Car Assessment Program (Euro NCAP).

As part of this assessment, Model Y received the highest... More

Tesla (TSLA) Cuts Delivery Time by 6 Weeks in China

September 7, 2022 7:28 AM EDT

Reuters reported late Tuesday that electric vehicle maker, Tesla (NASDAQ: TSLA) has shortened delivery waiting times for their Model 3 and Model Y cars in China. According to the companys Chinese website, the delivery period has been shortened to a maximum of 14 weeks.

The... More

Companies with NDRs 9/07

September 7, 2022 7:14 AM EDT

Companies with non-deal roadshows or company visits/marketing with sell-side today:

CVS Health (NYSE: CVS) Mizuho NDR San FranciscoSherwin-Williams (NYSE: SHW) Mizuho NDR New YorkSilgan Holdings (NYSE: SLGN) KeyBanc NDR Boston

For a daily calendar of NDRs, conferences and other events please visit our calendar page.

... More

Tesla (TSLA) Removes Type 2 Charging Cables in Hong Kong

September 6, 2022 2:41 PM EDT

A recent report from insideevs.com claims a number of Tesla Model S and Model X owners have noticed some V2 Supercharging locations are missing the Type 2 cables, leaving only... More

CVS Health's (CVS) Signify Health Deal to 'Bolster Health Services Business Growth' - Mizuho

September 6, 2022 12:35 PM EDT

Mizuho Securities analyst Ann Hynes reiterated a Buy rating and $120.00 price target on CVS Health (NYSE: CVS), saying the Signify Health deal bolsters health services business growth.

The analyst commented, "We believe this deal will accelerate CVS's value-based care initiatives through SGFY's proprietary platforms. As a reminder, at its investor day last December, CVS... More

RBC Capital Pleased with ADT State Farm/Google Investment, PT $9 (GOOG) (GOOGL) (ADT)

September 6, 2022 12:33 PM EDT

RBC Capital analyst Ashish Sabadra reiterated an Outperform rating and $9.00 price target on ADT (NYSE: ADT).

The analyst comments "This morning, ADT announced State Farm will invest $1.2bn in ADT and commit up to $300mm, along with Google separately committing $150mm (incremental to its... More

Dropbox (DBX) has a 'Compelling Risk-Reward Profile' - BofA

September 6, 2022 12:32 PM EDT

BofA analyst Michael Funk initiated Dropbox (NASDAQ: DBX) with a Buy rating and $34 price objective in a note Tuesday, stating they find the stock "attractive."

The analyst said Dropbox isn't "a sexy, high growth, negative cash flow, next-generation software stock with a valuation dependent on... More

Waiting for EV Seasonal Demand; Morgan Stanley Says September is Crunch Time

September 6, 2022 11:25 AM EDT

China's EV market registered steady sales despite power rationing and a fresh round of Covid lockdowns. Entering September, China's weekly EV run rate is hovering at around 120k units. That's up 24% MoM but largely flat WoW after the month-end sales push in August.

Even as Chinas EV numbers track slightly behind the seasonal norm into early September, Morgan Stanley analyst, Tim Hsiao believes that it is still too early to say there's no meaningful seasonality this year.

Both NIO... More