Morgan Stanley on NY’s Electric Vehicle Goals: 'Something Has to Give'

China Adds Tesla (TSLA) Models S/X to Purchase Tax Exemption List

October 11, 2022 8:02 AM EDT

Chinas Ministry of Industry and Information Technology (MIIT) recently released its updated Catalogue of New Energy Vehicle Models Exempted from Vehicle Purchase Tax, and it included Teslas (NASDAQ: TSLA) new Model S and Model X vehicles. The two flagship vehicles are now... More

Goldman Sachs Updates Auto Forecast: 'We Prefer TSLA and GM'

October 11, 2022 7:47 AM EDT

Goldman Sachs updated their automotive industry forecast to reflect continued macroeconomic and financial market headwinds along with easing chip constraints and added policy support for electric vehicles. Overall, Goldman Sachs global auto forecast for production and sales moves slightly lower for 2023-2025. However, EV assumptions increased.

Goldman Sachs continues to expect auto production to trend higher from a low base as chip shortages ease, although they expect the magnitude to be impacted by softer demand. Overall, global auto production is now expected to be 81.7/82.8/85.6/87.3 mn (vs. 78.9/84.1/88.4/90.2 mn prior).

Analyst, Mark... More

Mizuho Securities Reiterates Buy Rating on Rivian (RIVN) Following Recalls; 'Headlines Worse than Reality'

October 10, 2022 12:34 PM EDT

Mizuho Securities analyst Vijay Rakesh reiterated a Buy rating and $65.00 price target on Rivian Automotive Inc (NASDAQ: RIVN) following recalls.

The analyst commented, "We had the opportunity to catch-up with RIVN after the headline on the voluntary recall affecting all of its... More

Morgan Stanley Cuts Price Target on Tesla (TSLA)

October 10, 2022 12:34 PM EDT

Morgan Stanley reiterated an Overweight rating and cut the price target on Tesla, Inc. (NASDAQ: TSLA) to $350 (from $383) following the companys 3Q delivery miss. Morgan Stanley believes the factors that drove to Teslas weaker than expected 3Q production and deliveries could... More

Rivian (RIVN) Recalls 'Optically Negative but Financially Insignificant' - Needham & Company

October 10, 2022 12:19 PM EDT

Needham & Company analyst Vikram Bagri reiterated a Hold rating on Rivian Automotive Inc (NASDAQ: RIVN), calling the recalls "optically negative but financially insignificant."

The analyst commented, "

RIVN issued a recall affecting nearly all of its delivered vehicles, the third recall issued in the... More

Tesla (TSLA) Breaks China Monthly Sales Record

October 10, 2022 7:17 AM EDT

The China Passenger Car Association (CPCA) released a report on Sunday showing that electric vehicle company Tesla (NASDAQ: TSLA) delivered 83,135 China-made electric vehicles (EVs) in September, setting a monthly record over the prior deliveries high of 78,906 in June. The number marks an 8% increase over... More

Rivian (RIVN) Drops Following Big Recall

October 10, 2022 7:03 AM EDT

Shares of Rivian Automotive (NASDAQ: RIVN) dropped more than 6.5% in pre-market trading on Monday after the company announced that they would be recalling 13,000 vehicles. Rivians Chief Executive Officer RJ Scaringe wrote an email alerting staff on Friday that there would be a recall as the fastener to the front steering knuckle "may not have been sufficiently torqued" when the vehicles were manufactured.

"In rare circumstances, the fastener has loosened fully," Scaringe wrote. "I want to reiterate that this is... More

Guggenheim Remains Sidelined on Tesla (TSLA) Following Weak 3Q Volumes

October 7, 2022 11:36 AM EDT

Guggenheim reiterated a Neutral rating on Tesla (NASDAQ: TSLA) after the electric vehicle company reported weaker than expected 3Q volume. Analyst, Ali Faghri further examined the automakers potential demand issues in China, and whether those issues could spill over into the US and European markets.

Teslas wait times in China have rapidly declined in recent months, going from 20+ weeks at the peak this summer to 1 to 4 weeks more recently. While Guggenheim thinks ramping supply out of TSLA's Shanghai factory explains part of the wait time normalization, Faghri believes that... More

Pepsi (PEP) to Receive First Tesla (TSLA) Semi Trucks in December

October 7, 2022 7:36 AM EDT

Tesla (NASDAQ: TSLA) CEO, Elon Musk announced Thursday on Twitter (NYSE: TWTR) that the company is starting Semi electric commercial truck production and PepsiCo Inc (NASDAQ: PEP) will get the first deliveries... More

Tesla (TSLA) option implied volatility movement

October 7, 2022 4:57 AM EDT

Tesla (NASDAQ: TSLA) October weekly call option implied volatility is at 77, October is at 75; compared to its 52-week range of 21 to 88 amid Elon Musk headlines to purchase to Twitter (TWTR). Call put ratio 1 call to 1 put into expected release of quarter results on October 19.

... More

Musk says Pepsi to receive Tesla's first Semi trucks in December

October 6, 2022 8:09 PM EDT

(Reuters) - Tesla Inc is starting Semi electric commercial truck production and PepsiCo Inc will get the first deliveries on Dec. 1, the electric vehicle maker's chief Elon Musk tweeted on Thursday.

When Musk unveiled the prototype of the futuristic, battery-powered Semi in 2017, he said the Class 8 truck would go into production by 2019.

However, the timeline has been pushed... More

Delaware judge halts Twitter (TWTR) court case until Oct. 28 - Bloomberg

October 6, 2022 5:35 PM EDT

Delaware judge halts Twitter (NYSE: TWTR) court case until Oct. 28 - Bloomberg

... More

Popular stocks increasing volume: TSLA AAPL TWTR NVDA META AMD AMZN

October 6, 2022 3:06 PM EDT

Popular stocks increasing volume: TSLA AAPL TWTR NVDA META AMD AMZN

... More

Tesla (TSLA) Credit Rating Raised to Investment Grade at S&P Global

October 6, 2022 1:23 PM EDT

Tesla's (NASDAQ: TSLA) credit rating, including the issuer credit rating and issue-level ratings, was raised to investment grade at S&P on Thursday to 'BBB' from 'BB+.'

The firm made the decision to upgrade the electric vehicle giant's rating on its improving production and "solid cash flow... More

UPDATE: Tesla (TSLA) raised to investment grade at S&P

October 6, 2022 12:49 PM EDT

(Updated - October 6, 2022 1:02 PM EDT)

Tesla (NASDAQ: TSLA) raised to investment grade at S&P, to BBB from BB+

Tesla Inc.'s reported production and deliveries for the nine months ended Sept. 30, 2022, were higher than our expectations and the ramp-up in its global capacity appears on track to meet the strong demand for its products into 2023.We now view Tesla's credit profile more favorably because it continues to demonstrate market leadership in electric vehicles (EVs), with solid manufacturing efficiency that supports strong EBITDA margins and sustained positive free operating... More

159 Tax Loss Candidates Could Bounce - BofA

October 6, 2022 11:35 AM EDT

BofA Securities analyst Savita Subramanian told investors in a note Thursday that "tax loss harvesting season is here."

"Tax loss harvesting for institutional investors became increasingly prevalent after the Tax Reform Act of 1986, which mandated Oct. 31 as the cut-off for most mutual funds to realize capital gains," Subramanian explained. "Weve... More

Tesla (TSLA) call put ratio 1.7 calls to 1 put as shares rally 1.4%

October 6, 2022 9:52 AM EDT

Tesla (NASDAQ: TSLA) October weekly call option implied volatility is at 74, October is at 71; compared to its 52-week range of 36 to 84 into the expected release of quarter results on October 19. Call put ratio 1.7 calls to 1 put as shares rally 1.4%.

... More

Active options: TSLA AAPL NVDA AMD TWTR AMZN F RIVN META SNAP

October 6, 2022 9:47 AM EDT

Active options: TSLA AAPL NVDA AMD TWTR AMZN F RIVN META SNAP

... More

Deutsche Bank Adds Tesla (TSLA), 9 Others Stocks to Q4 Fresh Money List

October 6, 2022 7:28 AM EDT

Deutsche Bank added 10 stocks to their Fresh Money List for Q4:

Armstrong World (NYSE: AWI)
BJ's Wholesale Club (NYSE: BJ)
Eaton (NYSE: ETN)
FactSet (NYSE: FDS)
Graphic Packaging (NYSE: GPK)
Prologis (NYSE: PLD)
Restaurant Brands (NYSE: QSR)
R1 RCM (NASDAQ: RCM)
Star Bulk Carriers (NASDAQ: SBLK)
Tesla (NASDAQ: TSLA)

... More

Bernstein's Impression of Tesla's (TSLA) Optimus Robot: 'Why Humanoid?'

October 6, 2022 7:25 AM EDT

Tesla Inc (NASDAQ: TSLA) featured their newest Optimus prototype at the companys AI day on September 30th. Two models were shown of the humanoid robot, a walking prototype Bumble-C for internal development, and a near-production version, which is intended for commercial release in the future.

Bernstein analyst Jay Huang gave his first impression of the Optimus in a note, writing, Optimus... More

Mizuho Cuts Price Target on Tesla (TSLA)

October 6, 2022 7:05 AM EDT

Mizuho Securities reiterated a Buy rating on Tesla (NASDAQ: TSLA) and lowered the price target to $370.00 (from 391.67) following the release of the electric vehicle companys September delivery numbers.

Teslas deliveries were 42% to 343.8k units compared to the same time last year. However, the company... More

Musk Failed to Convince Twitter (TWTR) to Lower the Deal Price - Reports

October 6, 2022 5:44 AM EDT

Elon Musks representatives contacted Twitter (NYSE: TWTR) weeks ago and sought a 30% discount on the agreed price of $54.20 per share, the New York Times reported.

Twitter dismissed such a request and subsequent proposals from Musk to cut the deal price by 10%. Ultimately, Musk gave in and committed to completing the deal at the original price, just days before his deposition was supposed to take place. Eventually, Tesla (NASDAQ:... More

Tesla (TSLA) October option IV amid price movement

October 6, 2022 5:24 AM EDT

Tesla (NASDAQ: TSLA) October weekly call option implied volatility is at 69, October is at 73; compared to its 52-week range of 21 to 88 amid Elon Musk headlines to purchase to Twitter (TWTR). Call put ratio 1 call to 1 put into expected release of quarter results on October 19.

... More

Active options: F SNAP NFLX NKLA MSFT GOOGL BAC AMC CCL OXY CS

October 6, 2022 4:58 AM EDT

Active options: XOM F SNAP NFLX NKLA MSFT GOOGL BAC AMC CCL OXY CS

... More

Apollo Global Management Backing Out of Twitter Financing for Musk

October 5, 2022 6:00 PM EDT

According to Chibuike Oguh from Reuters, Apollo Global Management, Inc. (NYSE: APO) is backing out of Twitter, Inc. (NYSE: TWTR) buyout financing for Elon Musk. According to a person familiar with the matter, Apollo Global Management, which was looking to provide $1 billion earlier... More

Tesla (TSLA) PT Lowered to $370 at Mizuho Securities

October 5, 2022 5:06 PM EDT

Mizuho Securities analyst Vijay Rakesh lowered the price target on Tesla (NASDAQ: TSLA) to $370.00 (from $391.76) while maintaining a Buy rating.

The analyst commented, "... reiterate BUY, but lowering estimates/PT with we estimate a softer SepQ. Lowering SepQ from $23.2B/$1.02 to $21.9B/$0.95 (BELOW cons... More

Exclusive-Apollo, Sixth Street no longer in talks to finance Twitter deal -sources

October 5, 2022 4:51 PM EDT

By Chibuike Oguh

NEW YORK (Reuters) - Apollo Global Management Inc and Sixth Street Partners, which had been looking to provide financing for Elon Musk's proposed $44 billion buyout of Twitter Inc, are no longer in talks with the billionaire entrepreneur, said two sources familiar with the matter.

Apollo had been in talks to provide preferred equity financing for the deal, alongside Sixth Street, sources previously told Reuters. Apollo, Sixth Street and other investors were... More

Apollo Global Management Inc No Longer Looking To Lead Preferred Financing For Elon Musk's Proposed Buyout Of Twitter (TWTR) - Reuters

October 5, 2022 4:07 PM EDT

Apollo Global Management Inc No Longer Looking To Lead Preferred Financing For Elon Musk's Proposed Buyout Of Twitter (NYSE: TWTR) - Reuters

... More

Today's Most Important Upgrades

October 5, 2022 3:28 PM EDT

Avantor Inc. (NYSE: AVTR) shares rose 3% intra-day today after Citi upgraded the company to Buy from Neutral with a price target of $28, noting they believe the sell-off is overdone.

Morgan Stanley upgraded Ford (NYSE: F) to Overweight from... More

Active options: TSLA AAPL TWTR AMD AMZN BABA META NVDA XOM F SNAP

October 5, 2022 3:10 PM EDT

Active options: TSLA AAPL TWTR AMD AMZN BABA META NVDA XOM F SNAP

... More

Tesla (TSLA) intra-day option IV movement as shares sell off 3.9%

October 5, 2022 2:57 PM EDT

Tesla (NASDAQ: TSLA) October weekly call option implied volatility is at 69, October is at 72; compared to its 52-week range of 36 to 84 into the expected release of quarter results on October 19. Call put ratio 1 call to 1 put as shares sell off 3.9%.

... More

Exclusive-U.S. EPA expected to propose electric cars be eligible for renewable fuel credits -sources

October 5, 2022 1:21 PM EDT

By Stephanie Kelly and Jarrett Renshaw

NEW YORK (Reuters) -The U.S. Environmental Protection Agency is expected to propose that electric vehicles be eligible for renewable fuel credits in an upcoming proposal on biofuel blending mandates, three sources familiar with the matter said.

The inclusion of electric vehicles into the federal Renewable Fuel Standard (RFS) would be one of the largest changes to the program since it began more than a decade ago. The EPA is expected to send the proposal, which will address mandates for after 2022, to the White House for approval by the end... More

U.S. EPA Expected To Propose Electric Vehicles Be Eligible For Renewable Fuel Credits In Upcoming Proposal On Post-2022 Biofuel Blending Mandates - Reuters

October 5, 2022 1:10 PM EDT

U.S. EPA Expected To Propose Electric Vehicles Be Eligible For Renewable Fuel Credits In Upcoming Proposal On Post-2022 Biofuel Blending Mandates - Reuters

... More

Musk's move to close Twitter deal leaves Tesla investors worried

October 5, 2022 12:35 PM EDT

By Nivedita Balu and Akash Sriram

(Reuters) - Elon Musk's change of heart over his buyout deal for Twitter Inc was greeted with a wave of price target boosts on the social media company's stock, although Tesla investors feared that the billionaire was spreading himself too thin.

Musk, who sold over $15 billion worth of Tesla Inc shares earlier in the year to fund the deal, had threatened to abandon the takeover, citing a large number of fake accounts and inviting a lawsuit from Twitter to close the deal at the original offer price of $44 billion.

... More

Tesla (TSLA) $141M Block Trade Cross at $235.38 Per Share

October 5, 2022 11:12 AM EDT

Tesla (NASDAQ: TSLA) $141M Block Trade Cross at $235.38 Per Share

... More

Tesla (TSLA) call put ratio 1 call to 1.1 puts as shares sell off 5.9%

October 5, 2022 10:57 AM EDT

Tesla (NASDAQ: TSLA) October weekly call option implied volatility is at 76, October is at 77; compared to its 52-week range of 36 to 84 into the expected release of quarter results on October 19. Call put ratio 1 call to 1.1 puts as shares sell off 5.9%.

... More

Tesla (TSLA) October weekly calls active as shares sell off 3%

October 5, 2022 9:58 AM EDT

Tesla (NASDAQ: TSLA) October weekly call option implied volatility is at 72, October is at 73; compared to its 52-week range of 36 to 84 into the expected release of quarter results on October 19. Call put ratio 1 call to 1.4 puts as shares sell off 3%.

... More

Active options: TSLA TWTR AAPL AMZN AMD F NVDA SNAP META

October 5, 2022 9:46 AM EDT

Active options: TSLA TWTR AAPL AMZN AMD F NVDA SNAP META

... More

Elon Musk, Twitter Legal Team Have Not Yet Reached Agreement To End Litigation - Sources Familiar With The Litigation - Reuters

October 5, 2022 9:22 AM EDT

Elon Musk, Twitter Legal Team Have Not Yet Reached Agreement To End Litigation - Reuters

... More

Twitter Edges Lower Premarket; Bionano Genomics Surges

October 5, 2022 8:43 AM EDT

By Scott Kanowsky 

Investing.com -- Stocks in focus in premarket trade on Wednesday, October 5th. Please refresh for updates.

Twitter (NYSE: TWTR) shares dipped 0.6% after they moved sharply higher on Tuesday on a... More

Morgan Stanley Upgrades Ford (F) to Overweight; Cuts Price Target on General Motors (GM)

October 5, 2022 7:34 AM EDT

Morgan Stanley upgraded coverage on Ford Motor Company (NYSE: F) to Overweight (from Equal-Weight) and lowered their price target on General Motors (NYSE: GM) to $30 (from $42) based on valuation and preference.

Analyst, Adam Jonas wrote in a note, Our preference for Ford vis-à-vis GM is driven by our views of the business portfolio and strategy. Both... More

OPEC+ Meeting, ADP, Twitter Saga - What's Moving Markets

October 5, 2022 7:15 AM EDT

By Geoffrey Smith 

Investing.com -- OPEC and its allies plot a big cut in oil output in defiance of U.S. President Joe Biden. ADP releases its estimate for private-sector hiring, a day after the Labor Department's Job Openings survey showed a sharp drop in vacancies. U.K. Prime Minister Liz Truss will try to restore some clarity over the direction of her policies. And the aftershocks of Elon Musk's surrender to Twitter reverberate through U.S. stock markets. Here's what you need to know in financial markets on Wednesday, 5th October. 

1. OPEC+... More

Creating a New Platform is a Must says Analyst as Musk Teases Turning Twitter into Super 'X' App

October 5, 2022 6:37 AM EDT

Shares of Twitter (NYSE: TWTR) closed over 22% higher yesterday after Elon Musk committed a u-turn and said he plans to close the $44 billion deal at the original price. As always, Tesla (NASDAQ: TSLA) CEO took to Twitter to discuss his latest moves, this time saying that buying Twitter will accelerate creating X, the everything app.

Responding to a comment from a user saying I think it would have been easier to just start X from scratch tho, Musk replied:

Twitter probably accelerates X by 3 to 5 years, but I... More

General Motors (GM) PT Lowered to $30 at Morgan Stanley

October 5, 2022 6:12 AM EDT

Morgan Stanley analyst Adam Jonas lowered the price target on General Motors (NYSE: GM) to $30.00 (from $42.00) while maintaining a Equalweight rating.

... More

UPDATE: Morgan Stanley Upgrades Ford (F) to Overweight, Prefers Over GM

October 5, 2022 6:11 AM EDT

(Updated - October 5, 2022 6:15 AM EDT)

Morgan Stanley analyst Adam Jonas upgraded Ford (NYSE: F) from Equalweight to Overweight with a price target of $14.00.

The analyst prefers the stock over GM and said lower expectations brings stock to below our unchanged $14 price... More

General Motors (GM) Hit with $102.6M Jury Verdict Against the Company in Class Action Over Defective Engines

October 5, 2022 5:41 AM EDT

In a rare class action trial verdict, a California federal jury today found that the nations largest automobile manufacturer hid an engine defect that resulted in excessive oil consumption, leading to engine damage, stalling, and premature breakdown in tens of thousands of General Motorss (NYSE: GM) 5.3-liter SUVs and light trucks. The jury returned a $102.6 million verdict against GM in a class action lawsuit led by national plaintiffs trial firm,... More

Stocks expected to have increasing option volume: TSLA GM CAG LW NCLH

October 5, 2022 5:08 AM EDT

Stocks expected to have increasing option volume: TSLA GM CAG LW NCLH

... More

Tesla (TSLA) options active amid Elon Musk revives bid to purchase Twitter (TWTR)

October 5, 2022 5:05 AM EDT

Tesla (NASDAQ: TSLA) October weekly call option implied volatility is at 66, October is at 70; compared to its 52-week range of 21 to 88 amid Elon Musk revives bid to purchase to Twitter (TWTR). Call put ratio 1 call to 1 put into expected release of quarter results on October 19.

... More

Active options: TSLA AAPL AMZN CCL AMD F NVDA NKLA META

October 5, 2022 4:31 AM EDT

Active options: TSLA AAPL AMZN CCL AMD F NVDA NKLA META

... More