UBS Updates Global Auto Model on Weak Macro Data: 'Goodbye Auto Production Recovery'

Canaccord Genuity Believes Rivian’s (RIVN) 25K Production Goal 'Achievable'; Reiterates Buy

Canaccord Genuity reiterated a Buy rating and $61.00 price target on electric vehicle maker, Rivian Automotive (NASDAQ: RIVN) following the release of the companys 3Q sales and production numbers.

The company produced and delivered its highest quarterly vehicles to date with total deliveries growing, 47% to 6,584 units in the quarter, compared to 4,467 units delivered... More

Rivian (RIVN) Reiterates Production Guidance; Truist Reiterates Buy Rating

Truist Securities reiterated a Buy rating and $65.00 price target on Rivian Automotive (NASDAQ: RIVN) after the electric vehicle company released its 3Q sales and delivery numbers.

Rivian reportedly produced about 7.4K vehicles in the 3Q, compared to the street estimate of... More

RBC Capital Remains Bullish as Rivian (RIVN) Reiterates 25k Production Guide

RBC Capital reiterated an Outperform rating and $62.00 price target on Rivian Automotive (NASDAQ: RIVN) following the release of the companys 3Q delivery and sales numbers. RIVN reported it delivered 6,584 vehicles and produced 7,363 vehicles in 3Q22. The consensus estimate for deliveries was 7.0k.

Analyst, Joseph Spak believes that a component shortage likely weighed on RIVN's ability to accelerate production in the quarter. Likewise, Spak believes... More

Ford (F) EV Sales Tripled in September; F-150 Lightning Continues as Best-Selling EV Pickup

Shares of Ford Motor Company (NYSE: F) are up 6.76% in mid-day trading on Tuesday after the company released its September sales and delivery numbers. According to the company report, Ford sold a total of 142.644 vehicles in September, 4,691 of which were electric.

Ford electric vehicle sales continue to outpace the segment,... More

Citi Reiterates Buy Following General Motors (GM) 3Q Sales Release

Citi Research reiterated a Buy rating and $78.00 price target on General Motors (NYSE: GM) following the automakers 3Q sales and inventory numbers. Citi believes that the inventory number is most incremental as it provides some color around 3Q3 GMNA wholesale volume... More

Rivian Releases 3Q Production Totals, Sending Shares Higher

(Updated - October 3, 2022 5:11 PM EDT)

American electric vehicle maker, Rivian (NASDAQ: RIVN) announced production totals for the 3Q ending September 30, 2022. The company produced 7,363 vehicles at its manufacturing facility in Normal, Illinois and delivered 6,584 vehicles during the same period. This compares to the... More

Li Auto (LI), XPeng (XPEV), and Nio (NIO) Report September Sales

Chinese electric vehicle companys Li Auto (NASDAQ: LI), Nio Inc (NYSE: NIO), and XPeng (NYSE: XPEV) reported September sales/delivery numbers, with Li Auto leading the pack.

LI reported 11.5k unit deliveries in September, up... More

General Motors (GM) Closes at $33 IPO Price; Morgan Stanley Remains Neutral

Morgan Stanley reiterated an in-line rating and $42.00 price target on General Motors (GM) after the automotive company closed at its $33 IPO Price on Thursday. GMs share price has appreciated 0% over what some analysts believe may have been one of the greatest areas of consumer credit/auto credit tailwinds in history. Over the same time,... More

Deutsche Bank Bullish Ahead of Tesla’s (TSLA) AI Day and 3Q Report

Deutsche Bank reiterated a Buy rating and $400 price target on Tesla Inc. (NASDAQ: TSLA) ahead of the electric vehicle makers 3Q22 delivery and production report. Tesla is slated to report 3Q22 deliveries and production figures this weekend.

Deutsche Bank maintained their 3Q delivery estimate of t 367k units, reflecting strong recovery from Q2s prolonged Covid-related shutdown and logistical challenges in the Shanghai factory... More

Tesla's robot waves but can't walk, yet. Musk plans to make millions of them

By Hyunjoo Jin

SAN FRANCISCO (Reuters) -Tesla CEO Elon Musk showed off on Friday a prototype of its humanoid robot 'Optimus', predicting the electric vehicle maker would be able to produce millions and sell them for under $20,000 - less than a third of the price of a Model Y.

Musk said he expected Tesla would be ready to take orders for the robot in three to five years, and described an effort to develop the product over a decade or more, the most detailed vision he has provided to date on a business he has said... More

Deutsche Bank Remains 'impressed' with Tesla (TSLA) Operational Execution, BUY and $400 PT

Deutsche Bank analyst Emmanuel Rosner reiterated a Buy rating and $400.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Beyond the quarter, we remain impressed with Teslas operational execution in the face of large industry supply chain challenges and note that the company is working its way to ramp up volume in lower COGS regions. The Shanghai factory has recently completed a project... More

Tesla (TSLA) 30-day option implied volatility at 71 into Tesla AI Day 2022

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 71; compared to its 52-week range of 36 to 84 into Tesla AI Day 2022.

Tesla (TSLA) 30-day option implied volatility at 71

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 71; compared to its 52-week range of 36 to 84.

Active options: TSLA AAPL AMZN AMD NVDA NFLX META F CCL GOOGL

Active options: TSLA AAPL AMZN AMD NVDA NFLX META F CCL GOOGL

New York to Adopt California’s Rules to sell 100% Electric Vehicles by 2035

New York Governor, Kathy Hochul announced Thursday that the state plans to adopt California's rules approved in August that would require all new vehicles sold in the state by 2035 to be either electric or plug-in electric hybrids.

Hochul said in a statement that she has directed a state environmental agency to propose and... More

Elon Musk: 'Cybertruck will be waterproof enough to serve briefly as a boat'

Tesla (NASDAQ: TSLA) CEO, Elon Musk posted on Twitter (NYSE: TWTR) Thursday that the companys much-anticipated Cybertruck will be waterproof enough to serve briefly as a boat, so it can cross rivers, lakes & even seas that arent too choppy.

Musk went on replying to his own tweet saying that the truck Needs be able to get from Starbase to South... More

Wedbush Previews Tesla (TSLA) AI Day; Reiterates Outperform

Shares of Tesla, Inc. (NASDAQ: TSLA) are down 4.82% in mid-day trading ahead of the companys AI day tomorrow. Wedbush reiterated an Outperform rating with a price target of $360. The much-anticipated event is expected to feature several next generation technologies highlighting the R&D initiatives underway, including the companys humanoid robot along with further updates on FSD and Dojo.

The electric vehicle company is set to unveil a prototype of its humanoid robot, Optimus, which in theory will help users perform repetitive and dangerous tasks that will be able to drive... More

Cybertruck will be waterproof enough to serve briefly as a boat - Tesla's (TSLA) Elon Musk

Cybertruck will be waterproof enough to serve briefly as a boat - Tesla's (NASDAQ: TSLA) Elon Musk

Cybertruck will be waterproof enough to serve briefly as a boat, so it can cross rivers, lakes & even seas that arent too choppy

Tesla (TSLA) 30-day option implied volatility at 70 as shares sell off 5.7%

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 70; compared to its 52-week range of 36 to 84 as shares sell off 5.7%.

NIO Inc. (NIO) 30-day option implied volatility is at 82 as shares sell off 8%

NIO Inc. (NYSE: NIO) 30-day option implied volatility is at 82; compared to its 52-week range of 49 to 132 as shares sell off 8%.

Lucid Group (LCID) 30-day option implied volatility at 80 as shares sell off 6.6%

Lucid Group (NASDAQ: LCID) 30-day option implied volatility is at 80; compared to its 52-week range of 70 to 141 as shares sell off 6.6%.

XPeng Inc. (XPEV) call put ratio 5.2 calls to 1 put as shares sell off 9%

XPeng Inc. (NYSE: XPEV) 30-day option implied volatility is at 91; compared to its 52-week range of 57 to 129 as shares sell off 9%.

Ford Motor (F) option implied volatility bid as shares sell off 5.8%

Ford Motor (NYSE: F) 30-day option implied volatility is at 59; compared to its 52-week range of 36 to 65 as shares sell off 5.8%.

General Motors (GM) 1 call to 3.5 puts as shares sell off 6.7%

General Motors (NYSE: GM) 30-day option implied volatility is at 57; compared to its 52-week range of 28 to 58 as shares sell off 6.7%. Call put ratio 1 call to 3.5 puts.

Increasing unusual put option volume: RIVN GM NIO OXY PLTR BABA SQ

Increasing unusual put option volume: RIVN GM NIO OXY PLTR BABA SQ

UPDATE: GM (GM), Ford (F) Weakness Appears to be Related to CarMax (KMX) Results

(Updated - September 29, 2022 9:53 AM EDT)

GM (NYSE: GM), Ford Motor (NYSE: F) Weakness Appears to be Related to CarMax (NYSE: KMX) Results

CarMax (KMX) Drops 15% After a 'Horrendous' Earnings Report

CarMax (NYSE: KMX) shares are down about 17% in pre-market Thursday trading after the company delivered disappointing earnings.

The vehicle retailer reported a Q2 EPS of $0.79, a significant miss compared to the analyst estimate of $1.43. Revenue for the quarter came in at $8.1 billion, again lower by some margin compared to the consensus estimate of $8.61 billion.

The company said it plans to open... More

Apple, Amazon, American Airlines Fall Premarket; Bed Bath&Beyond Rises

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, September 29th. Please refresh for updates.

Apple (NASDAQ: AAPL) stock fell 2.2% after Bank of America downgraded its stance on the iPhone maker to neutral from buy, saying falling discretionary spending will result in underperformance.

Coinbase (NASDAQ:... More

Truist Securities Initiates Rivian (RIVN) with Buy Rating

Truist Securities initiated coverage of Rivian Automotive, Inc. (NASDAQ: RIVN) with a Buy rating and $65.00 price target. The electric vehicle company only just began delivering its first vehicles; however, the company has been strategically positioning, raising capital, and building out its vertically integrated ecosystem for over a decade.

Analyst,... More

General Motors (GM) and OneD Battery Sciences Collaborate on Joint R&D of Silicon Anode Technology for More Efficient EV Batteries

General Motors Co. (NYSE: GM) and OneD Battery Sciences announced today the execution of a joint research development agreement focused on the potential use of OneD's silicon nanotechnology in GM's Ultium battery cells to drive significant increases in energy density for longer range and reduced cost. GM Ventures and Volta Energy Technologies also participated in OneD's Series C funding round, which the company recently closed at $25... More

Morgan Stanley Reiterates Overweight Rating on Ferrari (RACE) Following Purosangue Launch

Morgan Stanley updated their coverage of Ferrari (NYSE: RACE) to reflect their positive expectations following the vehicle makers Purosangue launch. Ferrari's Purosangue comes as the 2nd out of the 15 new models conceived in the company's ambitious product plan from the 2022 Capital Markets Day. Morgan Stanley reiterated an Overweight rating and $300 price target as they expect the launch to be a positive contribution to ASP and profitability.

The Purosangue, Ferraris first ever four door production... More

Piper Sandler Updates 3Q Delivery Expectations; Remains Bullish on Tesla (TSLA)

Shares of Tesla, Inc. (NASDAQ: TSLA) are down 1.67% in pre-market trading, Thursday after Piper Sandler updated their 3Q delivery expectations for the company. Piper Sandler reiterated an Overweight rating on the stock but cut the price target to $340 ($360 previously).

The investment company addressed changes to their expectations in a note along with speaking on client concerns regarding Tesla's positioning in China, given mid-August pricing noise.

Piper Sandler believes that consensus... More

Bond Selloff, Nike Earnings, Porsche IPO - What's Moving Markets

By Geoffrey Smith 

Investing.com -- The selloff in global bonds resumed and the dollar rose again after a sharp short-covering rally in risk assets on Wednesday. Stocks are set to open under pressure, accordingly. Nike and Micron are set to report earnings after the close, while Porsche rises on its debut after pricing its IPO at the top of its range. In the U.K., the pound, bonds, and stocks all fell again as Prime Minister Liz Truss doubled down on her budget-blowing tax cuts policy, while in Germany inflation continued to roar as the start of... More

Tesla (TSLA) PT Lowered to $340 at Piper Sandler, 'Still OW After Updating Q3 Ests. & Scrutinizing Concerns re: China Market Share'

Piper Sandler analyst Alexander Potter lowered the price target on Tesla (NASDAQ: TSLA) to $340.00 (from $360.00) while maintaining a Overweight rating.

The analyst comments "Recently, there has been an up-tick in client questions regarding Tesla's positioning in China, given mid-August pricing noise. We've also... More

Ferrari (RACE) is 'as close to recession proof as it gets in our coverage' - Morgan Stanley

Morgan Stanley analyst Adam Jonas expects Ferrari's (NYSE: RACE) new SUV Purosangue "to be a positive contribution to ASP
and profitability... RACE is as close to recession proof as it gets in our coverage. Reiterate OW, PT = $300."

Active options: AAPL TSLA AMZN META BABA NVDA AMD NFLX

Active options: AAPL TSLA AMZN META BABA NVDA AMD NFLX

After-Hours Movers: Vail Resorts Gains Post EPS, Altus Power Falls on Offering

After-Hours Stock Movers:

Connexa Sports Technologies, Inc. (NASDAQ: CNXA) 14% LOWER; entered into a securities purchase agreement with a single institutional investor for the issuance and sale of 12,820,512 shares of its common stock (or common stock equivalents in lieu thereof), together with accompanying... More

2 Insider Sells, 1 Insider Buy of Interest Today

Insider buying and selling activities are important for investors to pay attention to. While insiders sell for many reasons, including taxes, it doesnt always send the right message to investors when the top person is selling. On the opposite side, insiders buy for one reason because they feel the... More

Today's Most Important Initiations

Truist Securities assumed coverage on Tesla (NASDAQ: TSLA) with a Buy rating and a price target of $333.33.

Northland Capital Markets initiated coverage on Sunrun (NASDAQ: RUN) with an Outperform rating and a price target of $60.00, expecting the U.S.... More

Tesla adds billionaire Airbnb co-founder Gebbia to board

(Reuters) -Tesla Inc said on Wednesday that Airbnb Inc co-founder Joseph Gebbia has joined the electric vehicle maker's board, reversing a move to trim the number of directors at the world's most valuable carmaker.

Tesla said in June it planned to have just seven board seats after the departure of Oracle Inc co-founder Larry Ellison in August, sparking criticism from a shareholder body over a lack of independent board members.

In July, SOC Investment Group filed... More

Tesla (TSLA) Appoints Joseph Gebbia to Board

(Updated - September 28, 2022 4:23 PM EDT)

Tesla (NASDAQ: TSLA) disclosed:

We are pleased to welcome Joe Gebbia to Teslas Board of Directors, effective September 25, 2022.

Gebbia, a designer and entrepreneur, has spent the last 14 years of his career as co-founder of Airbnb. The service he built with his co-founders transformed the hospitality industry, allowing travelers... More

UPDATE: Truist Securities Starts Rivian Automotive Inc (RIVN) at Buy, 'A Diversified Mobility Tech Powerhouse'

(Updated - September 28, 2022 4:51 PM EDT)

Truist Securities analyst Jordan Levy initiates coverage on Rivian Automotive Inc (NASDAQ: RIVN) with a Buy rating and a price target of $65.00.

The analyst comments "While Rivian only just began delivering its first vehicles, the company has been... More

Car Enthusiast Doug DeMuro Reviews Rivian (RIVN) R1S: 'The Most Amazing Electric SUV Yet'

YouTube star and car enthusiast Doug DeMuro posted a review of the Rivian (NASDAQ: RIVN) R1S electric SUV on Tuesday. In less than 24hrs, the video has already reached almost half a million views.

DeMuro began his review of the vehicle by featuring the Rivian R1S key fob. The key is shaped to look like a carabiner, complete with a spring-loaded gate for securing your key to almost anything. However, DeMuro went on to explain that the key fob isnt the only way for a customer to gain entry to... More

Tesla (TSLA) SVP Baglino Files to Sell $3M in Stock

Tesla (NASDAQ: TSLA) SVP/Powertrain, Drew Baglino, filed 144 paperwork to sell 10,500 shares worth an estimated $3 million.

The date of the expected sale was 09/27/22 via E*Trade.

Shares were acquired via stock option exercise.

U.S. new vehicle sales to increase on strong demand - report

(Corrects grammatical error in paragraph 8)

(Reuters) -U.S. new vehicle sales are set to rise in September as consumers spent more money on new vehicles than any previous September on record, an industry report from consultants J.D. Power-LMC Automotive showed on Wednesday.

Customers have been unaffected by higher vehicle prices and lack of incentives or discounts from automakers, who have been... More

General Motors (GM) Citi Adjusts Models Ahead of 3Q US Auto Reports

Citi Research analyst, Itay Michaeli is expecting lower production levels from auto manufacturers in the 3Q, reflecting the outlook for tight supply-chains into 2023, as well as a worsening macro-outlook in Europe.

Michaeli wrote in a note: Were taking a first step ahead of Q3 reporting by adjusting our Traditional Automaker & Tier-1 supplier models to reflect lower production expectations mainly reflecting the outlook for tight supply-chains into 2023, as well as a worsening macro outlook in Europe. No ratings/thesis change (please see below for... More

Morgan Stanley and Citi Remain Bullish ahead of Tesla (TSLA) AI Day and 3Q Delivery Numbers

Tesla, Inc. (NASDAQ: TSLA) is down 1.96% in pre-market trading on Wednesday ahead of the companys anticipated AI day on September 30th and 3Q delivery release.

Morgan Stanley analyst, Adam Jonas believes that the companys AI day is linked to CEO Elon Musks Master Plan X which will outline a mass industrialization of EVs and supporting supply chain that could see Tesla require... More

RBC Capital Encouraged by Recent Activity at Rivian (RIVN); Cuts Price Target to $62

Shares of electric vehicle maker, Rivian Automotive (NASDAQ: RIVN) are down 1.1% in pre-market trading on Wednesday after RBC Capital Markets reiterated an outperform rating and cut the price target to $62 (From $75).

RBC Capital analyst Joseph Spak wrote in a note that Near-term encouraging activity gives us more confidence in 4Q22 ramp, but lowering 2023 estimates on some changeover factors. Remain OP rated but PT to $62 on revised model.

Spak adjusted 3Q production forecasts to 8.5k from 8.65k. For... More

Rivian Automotive Inc (RIVN) PT Lowered to $62 at RBC Capital

RBC Capital analyst Joseph Spak lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $62.00 (from $75.00) while maintaining a Outperform rating.... More

General Motors (GM) PT Lowered to $78 at Citi

Citi analyst Itay Michaeli lowered the price target on General Motors (NYSE: GM) to $78.00 (from $87.00) while maintaining a Buy rating.... More

Ford (F) PT Lowered to $13 at Citi

Citi analyst Itay Michaeli lowered the price target on Ford (NYSE: F) to $13.00 (from $16.00) while maintaining a Neutral rating.... More