Tesla (TSLA) Reports Strong August Sales Numbers in China

Tesla (TSLA) Releases 'Overly Cautious' FSD Beta 10.69.2

September 12, 2022 11:04 AM EDT

Tesla (NASDAQ: TSLA) quietly began releasing their Full Delf-Driving beta version 10.69.2 on Sunday. Later that evening, CEO Elon Musk announced the rollout on Twitter.

FSD Beta 10.69.2 rolling out now. Please note that top priority is safety, so expect it to be overly cautious, especially around pedestrians. Elon Musk

Tesla fan and FSD user, Chuck Cook was one of the first few to receive the update and test the new system. Cook told Twitter that hed... More

Positive Feedback Keeps Bank of America Bullish on Nio Inc. (NIO)

September 12, 2022 7:31 AM EDT

Bank of America Securities analyst, Ming Hsun Lee reiterated a Buy rating and raised their price target on Nio Inc. (NYSE: NIO) to $30 from $29 following positive feedback from consumers on the ET5.

Lee wrote in the note, We prefer NIO given its good product cycle and comprehensive EV... More

Morgan Stanley Mentions Li Auto (LI) Positively Following Store Checks

September 12, 2022 7:20 AM EDT

Morgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $53.00 price target on Li Auto (NASDAQ: LI).

The analyst comments "Solid order backlog provides clearvisibility near term. Order backlog at stores we checked has risen steadily YTD, of which the upside is unsurprisingly... More

Nio (NIO) Continues as Top China Pick at Deutsche Bank

September 12, 2022 7:20 AM EDT

Deutsche Bank analyst, Edison Yu reiterated a Buy rating and $39.00 price target on Nio Inc. (NYSE (NIO) following the companys earnings release last week. The electric vehicle maker reported mostly solid 2Q results. EPS was ($1.35) missing Deutsche Bankss ($1.17) estimate. However, deliveries for the quarter were reported at 25,059 units, leading to revenue of 10.3bn RMB, better than the consensus estimate of 9.8bn... More

Citic Out Positive on NIO (NIO), 'The current sales range of NIO in the coming year is close to Tesla in 2016-2018', Stays Buy Rated

September 9, 2022 6:18 AM EDT

Citic Securities analyst Yin Xinchi reiterated a Buy rating and $23.00 price target on NIO (NYSE: NIO).

The analyst comments "In the short term, the start of the new model cycle drives sales growth. ET plans to start delivery in May, and is expected to become a hit. In the... More

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 triples deliveries of China-made cars after upgrade in Shanghai plant

September 8, 2022 4:39 AM EDT

SHANGHAI (Reuters) -Tesla sold 76,965 Chinese-made vehicles in August, nearly triple its sales from a month ago, as it quickened deliveries after ramping up output at its Shanghai plant.

The U.S. carmaker exported 42,463 Model 3s and Model Ys from China last month, the China Passenger Car Association (CPCA) said. In July, it sold 28,217 vehicles and exported 19,756.

After a scheduled upgrade disrupted most production in July, Tesla ramped up output at the Shanghai... More

NIO Inc (9866:HK) (NIO) PT Lowered to HK$240.40 at Citi

September 8, 2022 4:03 AM EDT

Citi lowered its price target on NIO Inc (9866:HK) (NYSE: NIO) to HK$240.40 (from HK$315.90) while maintaining a Buy rating.... More

NIO (NIO) PT Lowered to $31.30 at Citi

September 8, 2022 3:55 AM EDT

Citi analyst Jeff Chung lowered the price target on NIO (NYSE: NIO) to $31.30 (from $41.10) while maintaining a Buy rating.... More

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September 8, 2022 3:36 AM EDT

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September 7, 2022 3:28 PM EDT

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September 7, 2022 3:27 PM EDT

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NIO (NIO) PT Lowered to $42 at Mizuho Securities

September 7, 2022 12:59 PM EDT

Mizuho Securities analyst Vijay Rakesh lowered the price target on NIO (NYSE: NIO) to $42.00 (from $48.00) while maintaining a Buy rating following results.

Lower SepQ from RMB 14.2B/(0.83) to RMB 13.2B/(1.28), F22E from RMB 54.7B/(3.38) to RMB 55B/(4.05), and F23E... More

NIO (NIO) PT Lowered to $32 at US Tiger Securities Following EPS

September 7, 2022 12:33 PM EDT

US Tiger Securities analyst Bo Pei lowered the price target on NIO (NYSE: NIO) to $32.00 (from $35.00) while maintaining a Buy rating following earnings.

The analyst commented, "We are maintaining our BUY rating and decreasing PT to $32 (was $35) after NIO reported largely in line 2Q results, with 3Q guidance below consensus due to external factors but expects 4Q volume to rebound nicely. With 2Q... 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

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September 7, 2022 9:56 AM EDT

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NIO Stock Falls 5% After Earnings, Analyst Says 'Prudent' Guidance a Reflection of Supply Chain Issues

September 7, 2022 9:01 AM EDT

Shares of Nio (NYSE: NIO) are down over 5.5% in premarket Wednesday after the electric vehicle (EV) maker reported mixed Q2 results and downbeat guidance.

Nio reported a Q2 adjusted loss per American depositary receipts of 1.34 yuan, a wider loss than the projected 1.21 yuan.... 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

NIO Inc. (NIO) Misses Q2 EPS by RMB0.52, Revenues Beat

September 7, 2022 6:20 AM EDT

NIO Inc. (NYSE: NIO) reported Q2 EPS of (RMB1.68), RMB0.52 worse than the analyst estimate of (RMB1.16). Total revenue for the quarter came in at RMB10.292 billion versus the consensus estimate of RMB9.72 billion.

Deliveries of vehicles were 25,059 in the second quarter of... More

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September 6, 2022 3:04 PM EDT

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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

XPeng Inc. (XPEV) Investor GGV Files to Sell Nearly $7M in Stock

September 6, 2022 1:56 PM EDT

XPeng Inc. (NYSE: XPEV) investor, GGV (Xpeng) Limited, filed 144 paperwork to sell 404,650 shares worth an estimated $6.8 million. The date of the expected sale is 09/02/22 through Morgan Stanley.

Shares were acquired in 2018 via a private placement.

... 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

Tesla (TSLA) Poised for 'Super Record Quarter' with Deliveries That Could Exceed 500K - Chowdhry

September 6, 2022 11:00 AM EDT

Global Equities Research analyst Trip Chowdhry offered some positive takeaways on Tesla (NASDAQ: TSLA) following his latest factory checks. Chowdhry said the EV maker is "poised for a super record quarter."

Chowdhry highlighted the following after his Fremont factory checks:

When USA is taking Labor Day... More

Morgan Stanley Out on China EVs (NIO) (XPEV) (LI)

September 6, 2022 10:32 AM EDT

Morgan Stanley Out on China EVs

Analyst Tim Hsiao comments "Both NIO and Li Auto's weekly sell-through improved sequentially in early September. NIO registered 2.9k units of sales during the week and continued to lead the EV trio in terms of volume. The sequential growth in ES6 and ES7 partly offset the slowing shipments of ET7 and EC6, still adversely affected by lingering... More

NIO Inc. (NIO) option IV elevated into quarter results and outlook

September 6, 2022 10:30 AM EDT

NIO Inc. (NYSE: NIO) September weekly (9) call option implied volatility is at 123, September is at 92; compared to its 52-week range of 49 to 132 into the expected release of quarter results before the bell on September 7.

... More

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September 6, 2022 10:00 AM EDT

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Alibaba (BABA), Other China Stocks Continue to Decline

September 6, 2022 9:35 AM EDT

Alibaba (NYSE: BABA), Other China Stocks Continue to Decline

Weakness Tied to Covid LockdownsPinduoduo (NASDAQ: PDD) -5%NIO Inc. (NYSE: NIO) -2.4%XPeng Inc. (NYSE: XPEV) -5%JD.com (NASDAQ: JD) -3%
... More

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

September 6, 2022 9:22 AM EDT

Pre-Open Stock Movers:

Digital World Acquisition Corp (NASDAQ: DWAC) 21% LOWER; Report Company Failed to Secure Shareholder Support for One-year Extension to Complete Deal

Bed Bath & Beyond (NASDAQ: BBBY) 15% LOWER; CFO, Gustavo Arnal, was found dead on Friday in an apparent suicide.

ADT Inc. (NYSE: ADT) 15% HIGHER; ADT and State Farm, the 100-year good neighbor and largest insurer of homes in the... More

Goldman Sachs Remains Bullish on Tesla (TSLA) After Meeting

September 6, 2022 7:21 AM EDT

Electric vehicle maker, Tesla (NASDAQ: TSLA) is trading up in pre-market on Tuesday following a note by Goldman Sachs analyst, Mark Delaney. Delaney reiterated a Buy rating and $333.33 price target on TSLA after meeting with the companys VP of Investor Relations, Martin Viecha.

Tesla believes that consumers will increasingly move toward EVs, even as it is too soon to quantify the effects of the newly signed Inflation Reduction... More

Tesla (TSLA) Stock Pops as IRA Prompts Analyst to Upgrade to Outperform

September 6, 2022 6:54 AM EDT

Shares of Tesla (NASDAQ: TSLA) are up over 1% in premarket Tuesday after Wolfe Research analyst Rod Lache upgraded shares to Outperform from Market Perform with a $360 per share price target.

The upgrade move, as well as reiterated Outperform rating on General Motors (NYSE: GM), reflects raised... More

NIO Inc. (NIO) September weekly 17.5 straddle priced for a move of 12% into quarter results

September 6, 2022 5:04 AM EDT

NIO Inc. (NYSE: NIO) September weekly 17.5 straddle priced for a move of 12% into the expected release of quarter results before the bell on September 7.

... More

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September 6, 2022 4:37 AM EDT

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UPDATE: Wolfe Research Upgrades Tesla (TSLA) to Outperform

September 6, 2022 2:16 AM EDT

(Updated - September 6, 2022 5:17 AM EDT)

Wolfe Research analyst Rod Lache upgraded Tesla (NASDAQ: TSLA) from Peerperform to Outperform with a price target of $360.00.

The analyst comments "More importantly, we now see $16 EPS by 2025. Exhibits 12-16 provide details behind our mid-decade forecasts. We've taken a closer look at the Automotive business, breaking down profitability by region. Currently, we believe China-produced vehicles are Tesla's most profitable... More