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

Morgan Stanley on Tesla (TSLA): 'we believe a floor in the earnings must be reached before investors get comfortable with a floor in the valuation of the equity'

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $250.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "The global EV market is experiencing a transition from acute under supply to potential oversupply. We believe 2023is a year during which execution on manufacturing costs and supply chain management will further separate the winners... More

Revel announces plans to expand EV charging across NYC

Revel, a Brooklyn based electric mobility and infrastructure company, announced Monday that the company aims to expand the number of available fast chargers for electric vehicles across New York City.

The company plans to develop and open five new EV fast charging superhubs across multiple boroughs to add 136 public charging stalls, open 24/7 and compatible with any EV. The largest site will be... More

BoA reviews record EV sales in November

Strong PHEV sales in Europe lead to a historic EV sales peak in November. Analyst Bank of America analyst, Horst Schneider believes that the boom in Europe might be driven by the upcoming subsidy phase-out in Germany by year-end 2022. Only vehicles delivered in 2022 are eligible for this subsidy.

The global EV penetration rate also hit a new record-high in November at 15.1%, driven by 23% penetration rate in China and 18% in Europe.... More

Citi remains bullish on Nio (NIO) following call with management

Citi Research reiterated a Buy rating on Nio (NYSE: NIO), with a target price of $23.30 after hosting a business update call with the electric vehicle maker on January 9th. During the call, management showed confidence that sales would double YoY in 2023 with the release... More

Britishvolt speaking with investors about possible sale

Britishvolt, an EV battery startup located in the U.K., announced Monday that the company has entered talks with investors about selling a majority stake in the company. However, the company chose not to disclose any names.

Management said back in November that Britishvolt had received some short-term... More

Berkshire Hathaway sells 1M BYD shares

According to a filing with the Chinese stock exchange, Berkshire Hathaway, the investment company owned by Warren Buffett, has sold 1.058 million Hong Kong-listed shares of electric vehicle maker BYD at an average price of HK$191.44 ($24.52) per share.

The sale lowered Berkshire's holdings in BYD's total issued H-shares to 13.97%... More

Tesla (TSLA) delivery times extended as China discounts stoke demand

According to Teslas (NASDAQ: TSLA) website, the waiting times for potential buyers of some versions of the Model Y in China may need to wait a little longer as price cuts announced Friday stoke demand in the electric vehicle maker's second-largest market.

Since Tesla cut prices by 6% to... More

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

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) Pares Decline, Now Down Only 3%

Tesla (NASDAQ: TSLA) Pares Decline, Now Down Only 3%

Tesla (TSLA) Tests Low, Down 8% at $101.5

Tesla (NASDAQ: TSLA) Tests Low, Down 8% at $101.5

XPeng Inc. (XPEV) 'to Suffer The Most' on Tesla (TSLA) China Price Cut - Citi

XPeng Inc. (NYSE: XPEV) 'to Suffer The Most' on Tesla (NASDAQ: TSLA) China Price Cut - Citi

Citi analyst Jeff Chung comments "On 6 Jan, Tesla China announced price cut on various configurations of Model 3 and Model Y,... More

China EV Stocks Hit on Tesla Price Cuts

Tesla (NASDAQ: TSLA) competitors in China are getting hit this morning on the company's significant Model 3 and Y price cuts. Tesla slashed prices for all versions of its Model 3 and Model Y cars in China by between 6% to 13.5%.

Tesla (TSLA) sinks 5% on more China price cuts

Tesla (NASDAQ: TSLA) shares are down another 5% in pre-open trading after cutting prices for all versions of its Model 3 and Model Y cars in China by between 6% to 13.5%. The company also made price cuts in various other Asian markets.

Factbox-Details of Tesla price cuts in China, other Asian markets

(Reuters) - Tesla cut electric car prices in China and other Asian markets on Friday, part of efforts to stoke demand for output from its Shanghai plant, a person with direct knowledge of the plan said.

Following are details of the price cuts:

CHINA

Tesla slashed prices for all versions of its Model 3 and Model Y... More

CICC Starts Tesla (TSLA) at Outperform

CICC initiates coverage on Tesla (NASDAQ: TSLA) with a Outperform rating and a price target of $160.00.

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $110.34 yesterday.

Today's most important upgrades

Edward Jones upgraded Tesla (NASDAQ: TSLA) to Buy from Hold and adds to its Focus List. According to the firm, the share price of Tesla, which has declined significantly over the past year due to concerns of slowing economic growth and Elon Musk's time spent managing Twitter, does not... More

Active options: TSLA AAPL AMZN MSFT NVDA BABA BBBY NFLX META SI

Active options: TSLA AAPL AMZN MSFT NVDA BABA BBBY NFLX META SI

Tesla (TSLA) will continue to grow due to global regulations - Edward Jones

Edward Jones analyst Jeff Windau upgraded Tesla (NASDAQ: TSLA) to Buy from Hold, also adding the stock to the firm's Focus List in a note to clients on Thursday.

At the time of writing, Tesla shares are down almost 3%, following a more than 5% gain in Wednesday's session.

The... More

Twitter laid off about 40 data scientists and engineers working on advertising late Wednesday - The Information

Twitter laid off about 40 data scientists and engineers working on advertising late Wednesday night in what amounted to at least the third round of cuts since mid-December - The Information.

Edward Jones Upgrades Tesla (TSLA) to Buy, Adds to Focus List

(Updated - January 5, 2023 1:25 PM EST)

Edward Jones analyst Jeff Windau upgraded Tesla (NASDAQ: TSLA) from Hold to Buy and adds to Edward Jones Focus List.

The analyst commented "Tesla's stock price has declined significantly over the past year due to... More

Tesla (TSLA) January weekly option implied volatility above 100 as shares sell off 5%

Tesla (NASDAQ: TSLA) January weekly call option implied volatility is at 105, January is at 86; compared to its 52-week range of 43 to 96 as shares sell off 5%.

Active options: TSLA AAPL AMZN MSFT BBBY NVDA SI BABA COIN META

Active options: TSLA AAPL AMZN MSFT BBBY NVDA SI BABA COIN META

Tesla (TSLA) Declines 4%

Tesla (NASDAQ: TSLA) Declines 4%

Tesla, EV rivals absorb costs after China pulls plug on subsidy

SHANGHAI (Reuters) - Chinas decision to end a more than decade-long subsidy for electric vehicle purchases has forced automakers, including Tesla, to deepen discounts to maintain sales as demand eases in the world's largest market.

The government originally planned to phase out the support scheme for EV makers and battery suppliers by the end of 2020, but extended it until the end of December in response to the pandemic.

As China grapples with the upheaval of an upsurge in COVID-19 cases and its economy grows at the slowest pace in decades, Tesla, Xpeng and SAIC-GM-Wuling have opted to... More

Tesla (TSLA) target lowered at Mizuho on macro challenges, company remains 'long-term global EV leader'

Vikay Rakesh of Mizuho Securities maintained a 'Buy' recommendation on Tesla, Inc (NASDAQ: TSLA), but lowered his Price Target on shares to $250 from $285 citing the worsening macro environment with 'headwinds to the consumer and discretionary spending.'

In his latest note on the company, the analyst points... More

Tesla (TSLA) PT Lowered to $250 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh lowered the price target on Tesla (NASDAQ: TSLA) to $250.00 (from $285.00) while maintaining a Buy rating.... More

Tesla's Dec sales of China-made cars fall to the lowest in five months

SHANGHAI (Reuters) -Tesla Inc delivered 55,796 China-made electric vehicles in December, the lowest level in five months, according to data from the China Passenger Car Association (CPCA) on Thursday.

That was a 44% drop from November and 21% fewer than a year earlier as the U.S. automaker reduced output and cut prices to deal with rising inventories amid weakening demand.

Stock Market Today: Dow ends higher on dip-buying into close after Fed minutes

By Yasin Ebrahim                                                                                                

Investing.com -- The Dow closed higher Wednesday, after swinging between gains and losses as investors digested the Federal Reserve December meeting minutes signaling higher for longer rates and data showing a tight labor market that stoked fears of a wage-driven pick-up in inflation.

The Dow Jones Industrial Average climbed 0.4%, or 133 points, the Nasdaq Composite was 0.69% higher, while the S&P 500 closed 0.74% higher.  

Fed members favored a "restrictive policy stance for a sustained period," until inflation was on a sustained downward path to 2 percent, which was likely to take "some time," the Fed's December meeting minutes showed Wednesday,

The minutes stoked fears of... More

Active options: TSLA AAPL AMZN MSFT BABA META NVDA NFLX AMD LAZR GOOGL JPM

Active options: TSLA AAPL AMZN MSFT BABA META NVDA NFLX AMD LAZR GOOGL JPM

With big bets on Musk, these funds may have a Tesla problem in '23

By David Randall

NEW YORK (Reuters) - Tesla Inc's steep sell-off is proving to be an ongoing nightmare for fund managers that have bet heavily on the Elon Musk-led electric vehicle manufacturer.

Overall, 50 actively-managed U.S. equity funds have more than 5% of their assets in the company, exceeding the barrier that many portfolio managers will not cross for one equity position to diversify their exposure. Those funds dropped by an average of 42.1% last year, more than double the average 17% decline among U.S. stock funds, according to Morningstar.

The $6 billion Baron Partners Retail fund, which... More

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

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 (TSLA) files paperwork to make electric motors for airplanes, boats, and more - electrek

Tesla (NASDAQ: TSLA) files paperwork to make electric motors for airplanes, boats, and more - electrek

Tesla (TSLA) January weekly option implied volatility above 100 as shares rally 3%

Tesla (NASDAQ: TSLA) January weekly call option implied volatility is at 104, January is at 81; compared to its 52-week range of 43 to 96 as shares rally 3%.

Active options: TSLA AAPL AMZN MSFT META BABA NVDA NFLX WBD T MLCO

Active options: TSLA AAPL AMZN MSFT META BABA NVDA NFLX WBD T MLCO

Tesla (TSLA) Pares Yesterday's Decline, Up 3%

Tesla (NASDAQ: TSLA) Pares Yesterday's Decline, Up 3%

Apple, Tesla, Salesforce rise premarket; Microsoft, Target fall

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, January 4th. Please refresh for updates.

Apple (NASDAQ: AAPL) stock rose 0.5%, rebounding after the... More

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

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

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

Dow futures rise 90 pts; Fed minutes in the spotlight

By Peter Nurse

Investing.com -- U.S. stocks are seen opening higher Wednesday, attempting to recover from a rocky start to the new year ahead of the release of the minutes of the Federal Reserve's December meeting.

At 07:00 ET (12:00 GMT), the Dow Futures contract was up 90 points, or 0.3%, S&P 500 Futures traded 13 points, or 0.3% higher, and Nasdaq 100 Futures climbed 55 points, or 0.5%.

The three main indices closed lower Tuesday, with the blue-chip Dow Jones Industrial Average ending down 10.9 points, the broad-based S&P 500 falling 0.4%, and the tech-heavy... More

New year, same old Cathie Wood: ARK buys more Tesla (TSLA) stock on weakness

ARK Investment Management, founded and managed by Cathie Wood, has continued to add more Tesla (NASDAQ: TSLA) shares to its portfolio. According to Ark Invest Daily Trades, Cathie Wood bought 144,776 Tesla shares yesterday through its flagship Ark Innovation ETF (ARKK).

Another 31,336 Tesla shares were... More

Tesla (TSLA) 30-day option implied volatility at 87

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 87; compared to its 52-week range of 49 to 96.

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

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

Stocks expected to have increasing option volume: TSLA AAPL WBA BHP STZ CAG

Stocks expected to have increasing option volume: TSLA AAPL WBA BHP STZ CAG

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

(Reuters) - More U.S. consumers want to buy an electric vehicle (EV) but are concerned about rising prices, while fewer aimed to purchase gasoline-powered vehicles, a survey by consulting firm Deloitte showed on Wednesday.

Nearly 7 in 10 prospective EV buyers in the United States expect to pay less than $50,000 for their next vehicle, according to the survey conducted between September and October 2022.

More than half of the... More