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

Zoom (ZM) and Tesla (TSLA) to bring video conferencing inside your car

Zoom (NASDAQ: ZM) announced on Tuesday that the video conferencing company has teamed up with electric vehicle giant Tesla (NASDAQ: TSLA) to bring video conferencing capabilities to your car. The announcement came during Zooms annual Zoomtopia conference, where it typically teases new features to support remote calls.

The... More

Lucid (LCID) trades down following 3Q miss; Confirms revised production guidance

Shares of Lucid Group are down 7.78% in pre-market trading on Wednesday after the company reported a 3Q miss. The electric vehicle maker reported a 3Q EPS of ($0.40), missing the consensus estimate of ($0.32) by $0.08. Revenue for the quarter came in at $195.5 million versus the consensus estimate of $210.69 million.

On Oct.... More

Tesla’s (TSLA) inventory grew at highest rate ever in October

According to brokerage data, Tesla (NASDAQ: TSLA) added to its electric vehicle inventory in Shanghai at its fastest pace ever in October. The company produced 87,706 Model 3s and Model Ys, but delivered 71,704 vehicles, leaving a gap of 16,002 China-made cars in inventory. The biggest gap between production and sales since Tesla opened its Shanghai Gigfactory.

Just last month, Tesla CEO Elon... More

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

Twitter owner Musk backs Republicans on eve of U.S. midterms

By Susan Heavey and Rami Ayyub

WASHINGTON (Reuters) -Elon Musk, Twitter's new owner, urged Americans to elect a Republican Congress in U.S. midterms on Tuesday to counterbalance President Joe Biden's Democrats, the first time a major social media CEO explicitly took a side.

"Shared power curbs the worst excesses of both parties, therefore I recommend voting for a Republican Congress, given that the Presidency is Democratic," Musk said in a tweet on Monday to his more than 110 million followers.

Republicans are favored to win a majority in the House of Representatives in Tuesday's elections,... More

Lucid Group (LCID) November weekly option implied volatility at 140 into quarter results

Lucid Group (NASDAQ: LCID) November weekly call option implied volatility is at 140, November is at 104; compared to its 52-week range of compared to its 52-week range of 70 to 141 into the expected release of quarter results after the bell on November 8.

I recommend voting for a Republican Congress - Elon Musk

I recommend voting for a Republican Congress - Elon Musk

To independent-minded voters:

Shared power curbs the worst excesses of both parties, therefore I recommend voting for a Republican Congress, given that the Presidency is Democratic.

Active options: TSLA META AAPL AMZN AMD PLTR DKNG NVDA

Active options: TSLA META AAPL AMZN AMD PLTR DKNG NVDA

Tesla (TSLA) Shares Fall 2.75%

Tesla (NASDAQ: TSLA) Shares Fall 2.75%

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

As Musk focuses on Twitter, his $56 billion Tesla pay goes to trial

By Tom Hals and Hyunjoo Jin

WILMINGTON, Del. (Reuters) - As Elon Musk is engulfed in his overhaul of Twitter, the entrepreneur is headed to trial to defend his record $56 billion Tesla Inc pay package against claims it unjustly enriches him without requiring his full-time presence at the carmaker.

A Tesla shareholder is seeking to rescind Musk's 2018 pay deal, claiming the board set easy performance targets and that Musk created the package to fund his dream of colonizing Mars.

Tesla has countered that the package delivered an extraordinary 10-fold increase in value to shareholders.

Lucid Group (LCID) November weekly 14 straddle priced into quarter results

Lucid Group (NASDAQ: LCID) November weekly 14 straddle priced for a move of 14% into the expected release of quarter results after the bell on November 8.

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

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

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

Electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) has received approval from Michigan's City of Southfield to expand a building for a research development and repair facility.

The city recently updated its zoning ordinance to allow for "this type of use," Southfield Planning... 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%

Lucid to Launch Air Pure and Air Touring on November 15th

American electric vehicle company, Lucid Motors (NASDAQ: LCID) will soon complete its Lucid Air lineup as the company prepares to unveil the Air Pure and Air Touring on November 15 at the Lucid Studio Beverly Hills.

The event marks the first time that the companys full Lucid Air lineup will be on display,... More

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