Tesla (TSLA) Gains Approval for Southfield R&D/Repair Facility

Tesla (TSLA) recalls 40,000 U.S. vehicles

Electric car maker, Tesla Inc. (NASDAQ: TSLA) is down 1.10% in pre-market trading on Tuesday after the company announced a recall on 40,000 2017-2021 Model S and Model X vehicles. According to the recall, the vehicles may experience a loss of power steering assist when... More

Deutsche Bank cuts price target on Nio (NIO) ahead of 3Q report

Deutsche Bank Securities reiterated a Buy rating on Nio Inc. (NYSE: NIO) and cut the price target to $20.00 (From $39.00) ahead of the companys 3Q earnings report. The electric vehicle maker is scheduled to report 3Q earnings this Thursday Nov 10th before US market opens.

Deutsche Bank is expecting Nio to report a mostly decent quarter with the potential for a headline margin upside from regulatory credits. However, analyst... More

Lucid (LCID) files lawsuit against Texas over direct sales ban

Lucid Motors (NASDAQ: LCID), an American electric vehicle maker headquartered in California, has filed a lawsuit against the state of Texas over the state's rules on auto dealerships, which the EV startup labels "economic protectionism."

In a suit filed in Austin, Lucid said... More

Tesla (TSLA) Nio (NIO) and Renault Earn Top Marks from Green NCAP

The Green National Car Assessment Program (Green NCAP) released a new set of results on Monday focused on three vehicles during this latest round the Tesla Model 3, NIO eT7 and Renault Megane E-Tech. All three vehicles received an impressive five stars under the Green NCAP sustainable rating scheme, achieving nearly maximum scores due to the high energy efficiency of their electric powertrains, far exceeding the ratings of conventional cars.

The Tesla Model 3, with a battery capacity of 60 kWh, single motor, rear wheel drive and a power of 208 kW is the smallest vehicle of the Tesla (NASDAQ:... More

Active options: TSLA AAPL AMZN NVDA PBR META AMD DKNG GOOGL

Active options: TSLA AAPL AMZN NVDA PBR META AMD DKNG GOOGL

Tesla (TSLA) Hits Session Low, Down 3.5%

Tesla (NASDAQ: TSLA) Hits Session Low, Down 3.5%

Active options: TSLA AMZN AAPL META AMD GOOGL NVDA

Active options: TSLA AMZN AAPL META AMD GOOGL NVDA

Musk orders Twitter to cut infrastructure costs by $1 billion -sources

By Sheila Dang, Paresh Dave and Katie Paul

(Reuters) -Elon Musk has directed Twitter Inc's teams to find up to $1 billion in annual infrastructure cost savings, according to two sources familiar with the matter and an internal Slack message reviewed by Reuters, raising concerns that Twitter could go down during high-traffic events like the U.S. midterm elections.

The company is aiming to find between $1.5 million and $3 million a day in savings from servers and cloud services, said the... More

Tesla's California EV market share slips as rivals step up

By Hyunjoo Jin

SAN FRANCISCO (Reuters) - Tesla's dominant market share of the electric vehicle market in California slipped again this year, according to Reuters' calculations based on government data from January to September, as rivals up their game.

Tesla controlled 73% of the battery electric market in California from January to September, the lowest level since 2018, according to new vehicle registration data from the California Energy Commission. Tesla had a 75% share in 2021 and 79% in 2020.

Tesla's sales in... More

Active options: TSLA AMZN AAPL META AMD GOOGL NVDA PBR

Active options: TSLA AMZN AAPL META AMD GOOGL NVDA PBR

Tesla (TSLA) Climbs 2%

Tesla (NASDAQ: TSLA) Climbs 2%

Active options: TSLA AAPL AMZN META T AMD LAZR ROKU

Active options: TSLA AAPL AMZN META T AMD LAZR ROKU

Cathie Wood to Investing.com: 'Never Seen a Bear Market Like This, Fed Decisive'

By Alessandro Albano and Francesco Casarella

Investing.com - It's a sincere Cathie Wood talking to us at Lisbon Web Summit 2022. "We are watching the Fed's moves closely, but the reversal and underperformance of Innovation stocks, i.e., those covered by ARK (NYSE: ARKK), did not start with the war in Ukraine but as early as February 2021."

"You have not seen such a sustained bear market," the investor and founder... More

Tesla’s (TSLA) Chinese Deliveries Slip in October Following Record Highs

Teslas (NASDAQ: TSLA) China deliveries fell in October after reaching record highs the month before. According to Chinas Passenger Car Association, the company shipped 71,704 cars from its Shanghai plant. Thats up from a year ago, but down from a record high of 83,135... More

Elon Musk plans to cut half of Twitter jobs - Bloomberg News

(Reuters) - Elon Musk plans to cut about 3,700 jobs at Twitter Inc or half of the company's workforce in a bid to cut costs, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Twitter's new owner will inform the staff affected on Friday, according to the report.

Musk Didn't Have to Dump More Tesla to Fund Twitter, But Investors Still Feel Hangover

Tesla (NASDAQ: TSLA) investors can breathe a sigh of relief as it appears Elon Musk didn't need to sell any more shares to fund his $44 billion acquisition of Twitter, which closed on Friday. According to SEC rules, Musk would have had to file a Form 4 within two business days following the transaction date. That... More

Ford (F) Releases October Sales Numbers: EV Segment Jumps 2.2% YoY

Shares of Ford Motor Company (NYSE: F) are down 1.04% in early trading on Wednesday after the company released their sales numbers from the month of October. The American automaker reported 158,327 vehicles sold, 6,261 of which were electric models.

According to data released by the company, Fords October share of the electric vehicle segment was up 2.2 percentage points... More

Bernstein Reiterates Underperform Following Tesla (TSLA) Software Valuation

Bernstein reiterated an Underperform rating and $150.00 price target on Tesla Inc. (NASDAQ: TSLA) following an analysis of the companys software value. Analyst, Toni Sacconaghi sought to weigh-in to an ongoing debate about whether or not Tesla should be valued as a tech/software company or an auto manufacturer.

Tesla has two main sources of automotive software revenue today. First is deferred revenue recognition from software updates, which amounted to $48M last quarter, or ~$5/month per car in the installed base. Wrote Sacconaghi. The second source of software... More

Tesla (TSLA) Closes Flagship Showroom in Beijing

According to a report by Reuters, citing people familiar with the matter, Tesla (NASDAQ: TSLA) has closed the companys flagship showroom in Beijing, China. The Beijing showroom was in Parkview Green, an upscale downtown shopping center. A member of the mall's staff confirmed to Reuters during a visit to the site on Wednesday that Tesla had shut the showroom.... More

Tesla (TSLA) 30-day option implied at 54

Tesla (NASDAQ: TSLA) 30-day option implied is at 54; compared to its 52-week range of 49 to 84.

Tesla closes its first showroom in China in retail strategy shift - sources

SHANGHAI/BEIJING (Reuters) -Electric vehicle giant Tesla has closed what had been its flagship showroom in China, a move sources described as one aimed at paring retail costs in its second-largest market.

Tesla confirmed the closure of the showroom in Beijing's upscale downtown shopping centre Parkview Green to Reuters on Wednesday. It said it had relocated the store to another mall called Raffles City. That showroom was opened in mid-October and is smaller than the original two-floor showroom in Parkview Green.

Two people with knowledge of the matter previously said Tesla had shut the Parkview Green... More