Rent the Runway, Hershey, Exxon Mobil rose premarket; Tesla fell

Toyota (TM) to outline 3-year EV strategy changes to suppliers

Toyota Motor (NYSE: TM)
Reuters reports today, citing two people with knowledge of the situation, that Toyota (NYSE: TM) is expected to outline adjustments to its electric vehicle strategy to key suppliers early next year, as... More

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

Hershey Foods (HSY) to remain in a beat and raise cycle through 2025 - UBS

Hershey Foods (NYSE: HSY) was upgraded to Buy from Neutral, with its price target raised to $269 from $244 at UBS.

Analyst Cody Ross told investors in a note that given the large-cap packaged food sector's outperformance in the year-to-date, the firm believes investors should remain selective heading into 2023, and against this backdrop, it sees Hershey remaining in a beat and raise cycle through 2025.

"Our NT... 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