More U.S. consumers want EVs but prices are a concern - Deloitte survey

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Citi says XPeng (XPEV) will suffer most from Tesla (TSLA) price cut

January 6, 2023 11:20 AM EST

Electric vehicle maker, Tesla (NASDAQ: TSLA) announced on Friday that the company has cut the price of various model configurations of Model 3 and Model Y, with MSRP of entry-level Model 3 down by Rmb36,000 to Rmb229,900 and that of entry-level Model Y down by Rmb29,000... More

Tesla (TSLA) falls following latest round of price cuts; Li, Nio and XPeng also drop

January 6, 2023 7:11 AM EST

Shares of Tesla (NASDAQ: TSLA) are down 5.76% in pre-market trading Friday after the electric vehicle maker announced a cut to car prices in China and other Asian markets as part of efforts to stoke demand for output from its Shanghai plant.

According... More

Ford (F) trades up on positive EV sales report

January 5, 2023 9:37 AM EST

Ford (NYSE: F) is up 0.83% in pre-market trading on Thursday following the release of the companys December EV sales results. The American automaker reportedly sold 7,823 electric vehicles, up 222.6% when compared to the same time last year.

The F-150 Lightning was the No. 1 electric truck in America in December and the best-selling... More

Tesla (TSLA) files to expand trademark to 'not for land vehicles'

January 4, 2023 1:55 PM EST

In an exclusive report by Electrek, Tesla (NASDAQ: TSLA) has filed to extend its trademark to include electric motors "not for land vehicles," hinting that the electric vehicle... More

Tesla's (TSLA) 'ominous' start has investors concerned

January 4, 2023 8:09 AM EST

Wedbush reiterated an Outperform rating and $175.00 price target on Tesla (NASDAQ: TSLA) after the electric vehicle giant saw a major sell-off Tuesday as a result of soft 4Q delivery numbers.

Analyst, Daniel Ives described the sell-off as an "ominous start for the company to kick off 2023 after a horrific 2022". However, the EV makers main worry for now is... More

Truist cuts revenue estimates and price target following Rivian (RIVN) production miss

January 4, 2023 7:53 AM EST

Truist Securities reiterated a Buy rating on Rivian Automotive (NASDAQ: RIVN) and cut the companys price target to $50.00 (from $65.00) following the electric vehicle makers 4Q production and delivery miss.

Rivian reported the 4Q production of 10,020 vehicles, coming in short of the streets estimated 10,892. Deliveries were... More

Rivian (RIVN) reports 4Q production miss; Wolfe reiterates outperform

January 4, 2023 7:40 AM EST

Wolfe Research reiterated an Outperform rating and $40.00 price target on Rivian Automotive (NASDAQ: RIVN) after the electric vehicle company reported a 4Q production and delivery miss.

Rivian produced 10,020 vehicles in the fourth quarter, slightly short of the 10,680 implied by the companys full year guidance. The companys retail deliveries, at 8,054, also fell short of expectations.... More

Morgan Stanley remains bullish despite Rivian (RIVN) delivery miss

January 4, 2023 7:27 AM EST

Morgan Stanley reiterated an Overweight rating and $55.00 price target on Rivian Automotive (NASDAQ: RIVN) following the companys 4Q production and delivery numbers. Rivian announced that they produced 10,020 vehicles and delivered 8,054 vehicles in 4Q. Both came in below the streets estimates and... More