Tesla (TSLA) offers additional price cuts in China through end of year

Tesla (TSLA) to suspend Model Y production in China through end of year

Reuters reports today, citing an internal memo and people with knowledge of the matter, that Tesla (NASDAQ: TSLA) will suspend Model Y assembly at its Shanghai plant between Dec. 25 and Jan. 1.

The interruption of assembly at the end of the month would be part of a cut in planned production of about 30% in the month for the Model Y,... More

Tesla’s (TSLA) Elon Musk tasks top China executive to aid ramp at Texas gigafactory

According to a late Wednesday report by Bloomberg, Tesla (NASDAQ: TSLA) CEO Elon Musk has asked longtime executive and the company's president in China, Tom Zhu, to help run the carmaker's new plant in Austin, Texas as the facility prepares to ramp... More

Tesla (TSLA) to shorten shifts and delay hiring at Shanghai plant

Bloomberg reports this morning, citing people familiar with the situation, that electric vehicle company, Tesla (NASDAQ: TSLA) will shorten shift hours at its Shanghai factory and has delayed on-boarding of new staff. The report has shares trading down almost 2%.

According to the... More

Tesla (TSLA) Launches two EVs in Thailand

American electric vehicle maker, Tesla (NASDAQ: TSLA) has launched two models in Thailand on Wednesday as the car maker continues its expansion into the Asian market. The announcement marks the companys first venture into a region that has long been dominated by Japanese... More

Bernstein's Sacconaghi cuts Tesla (TSLA) estimates to 'significantly' below consensus on EV demand issues

Bernstein analyst Tony Sacconaghi lowered fourth-quarter and full-year estimates on Tesla (NASDAQ: TSLA) to numbers that are comfortable below consensus as the company increasingly appears to have a demand issue.

Sacconaghi believes Tesla has finally started to experience slowdown after the electric vehicle (EV) maker cut prices in China and the U.S., and purportedly decreased China production. The price cuts are negatively impacting average selling prices (ASPs) by 2.6%, or $1,400 per EV unit, the analyst... More

Active options: TSLA AAPL AMZN META BAC AMD AMC NVDA MSFT CCL

Active options: TSLA AAPL AMZN META BAC AMD AMC NVDA MSFT CCL

Apple (AAPL) scales back self-driving car and delays launch to 2026 - Bloomberg

Apple (NASDAQ: AAPL) scales back self-driving car and delays launch to 2026 - Bloomberg

Active options: TSLA AMZN META AAPL AMD NVDA TLRY XPEV

Active options: TSLA AMZN META AAPL AMD NVDA TLRY XPEV

Exclusive: Musk’s Neuralink faces federal probe, employee backlash over animal tests

By Rachael Levy

(Reuters) - Elon Musks Neuralink, a medical device company, is under federal investigation for potential animal-welfare violations amid internal staff complaints that its animal testing is being rushed, causing needless suffering and deaths, according to documents reviewed by Reuters and sources familiar with the investigation and company operations.

Neuralink Corp is developing a brain implant it hopes will help paralyzed people walk again and cure other neurological ailments. The federal probe, which has not been previously reported, was opened in recent months by the U.S. Department of Agricultures Inspector General at the... More

Stock market today: Dow stumbles as strong data keeps Fed fears alive

By Yasin Ebrahim

Investing.com -- The Dow slumped Monday as fresh data pointing to strength in the economy and further signs of inflation pressures stoked concerns about higher for longer interest rates ahead of the Federal Reserve's meeting next week.

The Dow Jones Industrial Average slipped 1.4%, or 482 points, the Nasdaq 1.9%, and the S&P 500 fell 1.7%.

Services activity, which has been an area of the economy flagged by the Fed as a key contributor to inflation, rose by more than expected in November, stoking fresh concerns about more hawkish Fed monetary policy... More

Active options: TSLA AAPL AMZN META NVDA BAC AMC BABA AMD TLRY

Active options: TSLA AAPL AMZN META NVDA BAC AMC BABA AMD TLRY

Midday movers: VF Corp., Silvergate, MGM Resorts and more

By Liz Moyer

Investing.com -- Stocks were falling after better-than-expected data on the services sector fueled new concern about the Federal Reserve's next move on interest rates. Here are the midday movers for Dec. 5.

VF Corporation (NYSE: VFC) stock fell 11% after the maker of North Face and Timberland apparel... More

Tesla (TSLA) denies reports of output cuts; replies 'false news'

Monday morning saw reports, citing people familiar with the matter, claiming that the electric vehicle giant, Tesla (NASDAQ: TSLA) would be cutting production of the Model Y at the companys shanghai location. However, the automaker has come out saying that the claims were... More

Active options: TSLA AAPL AMZN NIO BABA XPEV META NFLX TLRY AMC

Active options: TSLA AAPL AMZN NIO BABA XPEV META NFLX TLRY AMC

Tesla China denies media reports of output cut at Shanghai plant

SHANGHAI (Reuters) - Tesla on Monday said media reports which said its plant in Shanghai would cut December output of its Model Y were "untrue".

Reuters on Monday reported Model Y output at the plant was set to fall by more than 20% versus November citing two sources with... More

Tesla China said media reports of December output cut at Shanghai plant untrue

Tesla China said media reports of December output cut at Shanghai plant untrue

Tesla, Verizon, Starbucks fall premarket; United Airlines, MGM Resorts gain

By Peter Nurse

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

Tesla (NASDAQ: TSLA) stock fell 4.3% after Bloomberg reported the electric vehicle manufacturer plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous... More

Tesla (TSLA) cuts December Model Y output at Shanghai plant

A report by Bloomberg on Monday, citing people with knowledge of the situation, claims that Tesla (NASDAQ: TSLA) plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month.

According to the... More

Tesla (TSLA) Falls on Report of Shanghai Production Cuts

Tesla (NASDAQ: TSLA) fell 1.7% in pre-open trading Monday following reports the EV maker will cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month, Reuters reported.

Active options: TSLA AAPL AMZN META BABA XPEV NFLX NIO AMD NVDA

Active options: TSLA AAPL AMZN META BABA XPEV NFLX NIO AMD NVDA

Tesla sold 100,291 China-made vehicles in Nov -Xinhua

SHANGHAI (Reuters) - Tesla Inc delivered 100,291 China-made electric vehicles (EVs) in November, the highest monthly sales since its Shanghai factory opened in late 2020, a Xinhua report said on Monday.

The number marks a 40% increase from October and 89.7% more than a year earlier after the U.S. automaker ramped... More

Tesla cuts output plan for Shanghai plant for Dec -sources

SHANGHAI (Reuters) -Tesla plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month, two people with knowledge of electric vehicle maker's production plan said on Monday.

The planned production cut comes after Tesla reported record sales in China for November.

The output reduction was first reported by Bloomberg, which said the move was a reflection of sluggish demand.

Reuters was not able to determine the reason for the planned reduction in output at the Shanghai factory, Tesla's largest production hub.

A Tesla representative did not... More