Tesla (TSLA) to suspend Model Y production in China through end of year
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Citi Comments on Tesla (TSLA) Selloff; Blames Demand, Macro, and Price Worries
December 13, 2022 4:39 PM ESTCiti 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
December 13, 2022 1:52 PM ESTChina'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
December 13, 2022 8:07 AM ESTMorgan 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
December 12, 2022 11:37 AM ESTToyota 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
Active options: TSLA NVDA AAPL NFLX AMZN AMD DOCU META NIO MSFT LULU
December 9, 2022 10:04 AM ESTActive options: TSLA NVDA AAPL NFLX AMZN AMD DOCU META NIO MSFT LULU
... MoreTesla (TSLA) Climbs on Open, Up 2.5%
December 9, 2022 9:44 AM ESTTesla (NASDAQ: TSLA) Climbs on Open, Up 2.5%
Tesla (TSLA) to Suspend Output at China Factory Later This Month - Bloomberg
December 9, 2022 7:08 AM ESTTesla (NASDAQ: TSLA) will suspend output in stages at its Shanghai electric car factory from the end of the month until as long as early January amid production line upgrades and slowing consumer demand, according to Bloomberg, citing people familiar with the matter.
Li Auto slips in premarket after inventory charge widens Q3 loss
December 9, 2022 7:03 AM ESTBy Geoffrey SmithÂ
Investing.com -- ADRs in Li Auto (NASDAQ: LI) fell in premarket after the Chinese maker of electric vehicles posted another hefty loss in the third quarter, against the backdrop of higher input costs and repeated economic disruption from COVID-19 lockdowns.Â
The company was also forced to book a charge against unsold inventory of its previous flagship product, the Li ONE crossover, as the launch of new models cannibalized the Li ONE's customer base.
Li, seen as one... More
Tesla (TSLA) 30-day option implied volatility at 63 as shares near two-year low
December 9, 2022 4:58 AM ESTTesla (NASDAQ: TSLA) 30-day option implied volatility is at 63; compared to its 52-week range of 49 to 84 as shares near two-year low.
... More3 stock rumors being discussed on trading floors today
December 8, 2022 5:38 PM ESTAfter five days of selling pressure, stocks finally snapped the streak today following a rise in jobless claims. Amid the upside, several rumors swirled around Wall Street. Below we highlight a few:
MBIA (NYSE: MBI) rose over 4% following a report from StreetInsider.com that the... More
Tesla’s (TSLA) Elon Musk tasks top China executive to aid ramp at Texas gigafactory
December 8, 2022 2:38 PM ESTAccording 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) call put ratio 1.1 calls to 1 put as shares near two-year low
December 8, 2022 10:05 AM ESTTesla (NASDAQ: TSLA) 30-day option implied volatility is at 63; compared to its 52-week range of 49 to 84. Call put ratio 1.1 calls to 1 put as shares near two-year low.
... MoreActive options: TSLA AAPL AMZN META GME NVDA NIO BABA T AMC NFLX
December 8, 2022 9:46 AM ESTActive options: TSLA AAPL AMZN META GME NVDA NIO BABA T AMC NFLX
... MoreTesla (TSLA) to shorten shifts and delay hiring at Shanghai plant
December 8, 2022 9:25 AM ESTBloomberg 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
Rent the Runway, Hershey, Exxon Mobil rose premarket; Tesla fell
December 8, 2022 8:53 AM ESTBy Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Thursday, December 8th. Please refresh for updates.
Banks may provide Elon Musk with new margin loans against Tesla stock - report
December 8, 2022 8:19 AM ESTWall Street banks are considering providing Elon Musk, CEO of Tesla (NASDAQ: TSLA) and Twitter, with new margin loans to replace older loans he secured to acquire the social media company, according to Bloomberg News.
Musks advisers and banks, including Morgan Stanley... More
Jobless claims, Costco, Broadcom results, China COVID - what's moving markets
December 8, 2022 7:38 AM ESTBy Geoffrey Smith
Investing.com -- The U.S. releases weekly jobless claims into a market spooked by labor market tightness, Costco, Lululemon, and Broadcom announce earnings. China's rally pauses for breath as investors switch their focus to the risk of the COVID-19 virus spreading and Vladimir Putin returns to rattling his nuclear saber. Here's what you need to know in financial markets on Thursday, December 8th.
1. Jobless claims to cast light on labor market tightness
Normally when weekly jobless claims feature in this slot, its a... More
Tesla (TSLA) to Shorten Shanghai Factory Shifts, Delay New Staff Hires - Bloomberg
December 8, 2022 7:00 AM ESTTesla (NASDAQ: TSLA) to Shorten Shanghai Factory Shifts, Delay New Staff Hires - Bloomberg
Move comes amid plans to cur China productionfacing flagging demand, increased competition in China... More
Musk Bankers Mull Tesla (TSLA) Margin Loan to Cut Risky Twitter Debt - Bloomberg (earlier)
December 8, 2022 6:59 AM ESTMusk Bankers Mull Tesla (NASDAQ: TSLA) Margin Loan to Cut Risky Twitter Debt - Bloomberg (earlier)
... MoreChina Nov passenger vehicle sales drop 9.5%, first fall in six months - CPCA
December 8, 2022 3:29 AM ESTSHANGHAI (Reuters) -China's passenger vehicle sales fell for the first time in six months in November and are expected to stay flat next year, an industry body said on Thursday, as demand weakens faster than expected, even as stringent COVID rules are eased.
Vehicle sales last month fell 9.5% from a year earlier to 1.67 million units, the first decline since May, according to the China Passenger Car Association (CPCA).
Many large cities imposed some form of lockdowns last month as COVID-19 cases rose.
"The November sales were far worse than previous expectations," Cui Dongshu, the CPCA's secretary... More
Active options: TSLA AMZN AAPL MMAT META BABA NIO NVDA CVNA
December 7, 2022 9:46 AM ESTActive options: TSLA AMZN AAPL MMAT META BABA NIO NVDA CVNA
... MoreTesla (TSLA) Launches two EVs in Thailand
December 7, 2022 8:11 AM ESTAmerican 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
Tesla (TSLA) offers additional price cuts in China through end of year
December 7, 2022 8:03 AM ESTA company representative from Tesla (NASDAQ: TSLA) announced on Wednesday that the electric vehicle maker will be offering a limited time discount of 6,000 yuan ($859.20) to Chinese buyers on some models through to the end of 2022.
The discount comes in addition to a previously... More
Bernstein's Sacconaghi cuts Tesla (TSLA) estimates to 'significantly' below consensus on EV demand issues
December 7, 2022 6:31 AM ESTBernstein 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
December 7, 2022 4:16 AM ESTActive options: TSLA AAPL AMZN META BAC AMD AMC NVDA MSFT CCL
... More