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Tesla (TSLA) PT Raised to $400 at Deutsche Bank, 'We view 2023 as a pivotal year'
September 16, 2022 6:35 AM EDTDeutsche Bank analyst Emmanuel Rosner raised the price target on Tesla (NASDAQ: TSLA) to $400.00 (from $375.00) while maintaining a Buy rating.
The analyst comments "considerably above consensus of $5.82. We view 2023 as a pivotal year in which Tesla continues to grow volume at a high... More
Tesla (TSLA) Expanding FSD Beta to Safety Scores Above 80
September 15, 2022 2:51 PM EDTTesla (NASDAQ: TSLA) CEO, Elon Musk announced on Twitter (NYSE: TWTR) today that the company will be expanding its Full Self-Driving Beta test to include those customers with a safety score above 80. The expansion will come after the release of version... More
President Biden Announces $900M for EV Charging at Detroit Auto Show
September 15, 2022 2:28 PM EDTU.S. President Joe Biden, at the Detroit Auto Show Wednesday, announced the approval for $900 million in federal funding for a nationwide electrical vehicle charging network. As part of a $1 trillion infrastructure law passed in November, the first $900 million will be used to finance the construction of EV chargers across 53,000 miles of the national highway system in 34... More
Drivers Seek Class Action Lawsuit Against Tesla (TSLA) Over Autopilot Claims
September 15, 2022 1:31 PM EDTThe U.S. Northern District of California filed a lawsuit Wednesday against the electric vehicle giant, Tesla Inc. (NASDAQ: TSLA). The district is seeking a class-action status for what it characterized as years of misleading and deceptive statements regarding the companys self-driving technology.
Briggs Matsko, the named... More
Musk’s Strick Return-to-Office Policy has Tesla (TSLA) on Edge
September 15, 2022 11:24 AM EDTTesla (NASDAQ: TSLA) CEO, Elon Musk enacted a strict return-to-office policy back in June, informing employees suddenly by email that they would need to spend a minimum of forty hours in the office per week. Anything else, he suggested, was phoning it in.
When asked about the email, Musk made it clear he had zero tolerance for workers demands to continue working from home full time, saying: They should pretend to work somewhere else.
Musk... More
Tesla (TSLA) Weighs China Reset
September 15, 2022 8:00 AM EDTIn an exclusive story, Reuters reports that Tesla (NASDAQ: TSLA) is reevaluating the way the company sells electric cars in China. China is Teslas second-largest market. However, the electric vehicle giant is considering closing some showrooms in malls in cities like Beijing where traffic plunged during COVID restrictions.
According to people familiar... More
A Slow September Start Frustrates EV Investor Confidence in China
September 15, 2022 7:46 AM EDTWeak seasonality, along with sporadic COVID lockdowns hampered Chinese electric vehicle sales in early September. According to Morgan Stanley analyst, Tim Hsiao, with already suppressed market sentiment, it would take a significant sales uptick to restore investor confidence in the auto segment.
A soft start to September was anticipated due to the Mid-Autumn Festival and several city-wide lockdowns. However, a 10% WoW decline in the EV run-rate was still a surprise compared to a low-single-digit sequential decline during the holidays last... More
Tesla is sued by drivers over alleged false Autopilot, Full Self-Driving claims
September 14, 2022 3:46 PM EDTBy Jonathan Stempel
(Reuters) - Tesla Inc was sued on Wednesday in a proposed class action accusing Elon Musk's electric car company of misleading the public by falsely advertising its Autopilot and Full Self-Driving features.
The complaint accused Tesla and Musk of having since 2016 deceptively advertised the technology as fully functioning or "just around the corner" despite knowing that the technology did not work or was nonexistent, and made vehicles unsafe.
Briggs Matsko, the named plaintiff, said Tesla did this to "generate excitement" about its vehicles, attract investments, boost... More
Tesla changes battery strategy to seek U.S. tax breaks - WSJ
September 14, 2022 2:50 PM EDT(Reuters) - Tesla Inc is suspending plans to make battery cells in Germany as it looks at qualify for electric vehicle and battery manufacturing tax breaks in the United States, the Wall Street Journal reported on Wednesday, citing sources familiar with the matter.
The electric vehicle maker has... More
Tesla (TSLA) Halts Battery Production Plans in Germany as it Seeks U.S. Tax Credits
September 14, 2022 2:40 PM EDTAccording to an exclusive report by the Wall Street Journal today, electric vehicle giant, Tesla (NASDAQ: TSLA) has decided to put a pause on the companys plans to make battery cells in Germany. The electric vehicle giant has been working to produce its own batteries and has discussed shipping equipment intended for use in Berlin to the US for domestic use.
According to the report, citing people familiar with the matter, Tesla is looking at qualifying for U.S. electric... More
Tesla Has Discussed Shipping Cell-making Equipment It Had Intended To Use At Its Berlin-area Factory To The U.s.- Wsj
September 14, 2022 2:05 PM EDTTesla Has Discussed Shipping Cell-making Equipment It Had Intended To Use At Its Berlin-area Factory To The U.s.- Wsj
... MoreTesla (TSLA) Pauses Plan to Make Battery Cells in Germany - DJ
September 14, 2022 2:00 PM EDT(Updated - September 14, 2022 2:04 PM EDT)
Tesla (NASDAQ: TSLA) is pausing plans to make battery cells in Germany, according to a report in Dow Jones, citing people familiar with the matter.
The company has discussed shipping cell-making equipment it... More
Active options: TSLA AAPL META NVDA AMZN AMD GOOGL AAL CHPT NIO
September 14, 2022 2:00 PM EDTActive options: TSLA AAPL META NVDA AMZN AMD GOOGL AAL CHPT NIO
... MoreTesla's (TSLA) Cyberwhistle Sells Out Quickly
September 14, 2022 1:18 PM EDTTesla (NASDAQ: TSLA) CEO Elon Musk took to twitter on Tuesday to encourage his followers to check out a new product called the Cyberwhistle. The Cybertruck inspired, limited-edition stainless-steel whistle was available for purchase on the Tesla website using Dogecoin (a crypto currency... More
Tesla (TSLA) Battery Supply 'Secured' - Canaccord Genuity
September 14, 2022 12:16 PM EDTCanaccord Genuity analyst George Gianarikas reiterated a Buy rating and $304.00 price target on Tesla (NASDAQ: TSLA) after noting that battery supply for EVs and energy storage products is "secured."
"A recent investor event brought positive news about Tesla's battery supply chain.... More
Tesla plans to expand German plant off table for now - rbb
September 14, 2022 10:48 AM EDTBERLIN (Reuters) - Carmaker Tesla's plans to expand its factory grounds in Germany are on hold for the time being after being taken off the agenda of the local municipal council, broadcaster rbb reported.
The mayor of Gruenheide, about an hour's drive from Berlin, where Tesla has its... More
Tesla (TSLA) Continues to Climb; Defends China Presence
September 14, 2022 10:34 AM EDTAs Tesla (NASDAQ: TSLA) makes the climb towards its goal of manufacturing 20 million vehicles a year by 2030, the electric vehicle leader continues to expand its global presence.
The company recently opened factories in Berlin and Texas, on top of plants in Shanghai and California. And with China operations back in full swing after a production line upgrade, Tesla Chair Robyn Denholm felt the need to defend the companies continued focus on... More
Tesla (TSLA) call put ratio 1.1 calls to 1 put as shares rally 2.3%
September 14, 2022 10:16 AM EDTTesla (NASDAQ: TSLA) September call option implied volatility is at 55, October is at 56; compared to its 52-week range of 36 to 84. Call put ratio 1.1 calls to 1 put as shares rally 2.3%.
... MoreUPDATE: Vote on planned Tesla (TSLA) expansion delayed indefinitely - RBB
September 14, 2022 10:14 AM EDT(Updated - September 14, 2022 10:17 AM EDT)
Vote on planned Tesla (Nasdaq: TSLA) expansion delayed indefinitely - RBB
... MoreTesla (TSLA) Trades at High, Up 2.9%
September 14, 2022 10:11 AM EDTTesla (NASDAQ: TSLA) Trades at High, Up 2.9%
... MoreFerguson plc (FERG) Enters Collaboration with Ford (F) to Explore Alternative Fuel Sources
September 13, 2022 1:49 PM EDTFerguson Enterprises, LLC (NYSE: FERG) announced a collaboration with Ford Motor Company (NYSE: F) to place a first-of-its-kind F550 Fuel Cell Prototype Chassis Work Truck in service within Ferguson's daily fleet operations for six months. Participation in Ford's F550 Fuel Cell Prototype Work Truck, a DOE SuperTruck 3 Initiative, complements... More
Tesla (TSLA) call put ratio 1.5 calls to 1 put as shares sell off 2.5%
September 13, 2022 10:20 AM EDTTesla (NASDAQ: TSLA) 30-day option implied volatility is at 50; compared to its 52-week range of 36 to 84. Call put ratio 1.5 calls to 1 put as shares sell off 2.5%.
... MoreAuto parts supplier Aptiv to acquire 85% of Intercable unit in EV tech push
September 13, 2022 9:10 AM EDT(Reuters) -Auto parts supplier Aptiv Plc said on Tuesday it would acquire a majority stake in a unit of Italy' Intercable for 595 million euros ($605.71 million), allowing the U.S. company access to technology used in electric vehicles (EVs).
Aptiv will own an 85% stake in the unit, Intercable Automotive Solutions, which manufactures high-voltage busbars that carry more electrical power than traditional cables. It has manufacturing facilities in... More
Goldman Sachs Reiterates Buy Rating on Tesla (TSLA) Following Conference Presentation
September 12, 2022 5:15 PM EDTGoldman Sachs analyst Mark Delaney reiterated a Buy rating and $333.33 price target on Tesla (NASDAQ: TSLA) after Martin Viecha, Tesla's VP of Investor Relations, presented at the Communacopia + Technology Conference.
The analyst commented, "Management discussed: 1) the long-term supply/demand backdrop, which Tesla... More
Popular stocks increasing volume: F BAC OXY AAL BBBY MSFT WEN BABA GME UBER
September 12, 2022 3:04 PM EDTPopular stocks increasing volume: F BAC OXY AAL BBBY MSFT WEN BABA GME UBER
... MoreActive options: TSLA AAPL AMZN NIO NVDA AMD META AMC
September 12, 2022 3:03 PM EDTActive options: TSLA AAPL AMZN NIO NVDA AMD META AMC
... MoreNew attack can unlock and start a Tesla (TSLA) Model Y in seconds, say researchers - Verge
September 12, 2022 2:06 PM EDTNew attack can unlock and start a Tesla (NASDAQ: TSLA) Model Y in seconds, say researchers - Verge
... MoreTesla (TSLA) Releases 'Overly Cautious' FSD Beta 10.69.2
September 12, 2022 11:04 AM EDTTesla (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
Active options: TSLA AAPL AMZN CHPT AMC NVDA AMD NIO
September 12, 2022 9:52 AM EDTActive options: TSLA AAPL AMZN CHPT AMC NVDA AMD NIO
... MoreMost Twitter shareholders vote in favor of sale to Musk -sources
September 12, 2022 6:29 AM EDTBy Svea Herbst-Bayliss
(Reuters) -A majority of Twitter Inc's shareholders have voted in favor of the social media company's $44 billion sale to Elon Musk, people familiar with the tally said on Monday.
The deadline for the shareholder vote on the deal is Tuesday but enough investors had voted by Monday evening for the outcome to be certain, the sources said.
The sources requested anonymity ahead of an official announcement. Twitter and representatives for Musk did not immediately respond to requests for comment.
Musk has informed Twitter he will not go ahead with the... More
Tesla (TSLA) 30-day option implied volatility flat at 49
September 12, 2022 4:39 AM EDTTesla (NASDAQ: TSLA) 30-day option implied volatility is at 49; compared to its 52-week range of 36 to 84.
... MoreActive options: TSLA AAPL AMZN NVDA AMD META F NIO AMC MSFT
September 12, 2022 4:32 AM EDTActive options: TSLA AAPL AMZN NVDA AMD META F NIO AMC MSFT
... More
