Li Auto slips in premarket after inventory charge widens Q3 loss

Citi Comments on Tesla (TSLA) Selloff; Blames Demand, Macro, and Price Worries

Citi analyst Itay Michaeli reiterated a Neutral rating and $176.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "We attribute todays Tesla share price weakness (-4%) primarily to continued macro/demand/pricing concerns, with the most recent datapoint coming from... More

Chinese EV brand Zeekr files for U.S. IPO

China's Geely Automobile Holdings Ltd announced Tuesday that the companys electric car brand, Zeekr, has confidentially filed for a U.S. initial public offering, in what would be the first major Chinese listing in the country in nearly two years.

Reuters on Monday exclusively reported that Zeekr was... More

Should Tesla (TSLA) make a phone? Morgan Stanley surveys investors

Morgan Stanley reiterated an Overweight rating and $330.00 price target on Tesla (NASDAQ: TSLA) after conducting a survey of institutional investors and industry experts. The survey was distributed Friday, December 2nd through Morgan Stanleys email distribution list, and was comprised of two multiple choice questions. Question 1: What is more likely, Apple making a car or Tesla making a smartphone? Question 2: What is the potential significance of a smart phone to Tesla?

The survey was... More

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

Li Auto (LI) announces management and board changes

Chinese electric vehicle maker, Li Auto (NASDAQ: LI) announced today that the companys president and director, Mr. Yanan Shen has resigned to devote more time to his personal affairs. The resignation will take effect on January 1, 2023. Mr. Shen will stay with the Company to support the Companys continued efforts in the organizational upgrades to prepare for its future success.

The electric automaker also announced that the board has promoted Mr. Donghui Ma, chief engineer, as the president and appointed him as a director of the Company, effective on January 1, 2023. Mr. Yan Xie,... 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