Tesla (TSLA) to offer additional discounts and supercharging incentives

Rivian (RIVN) to cut jobs by 6% amidst price war

Reuters reports in an exclusive story Wednesday that Rivian Automotive (NASDAQ: RIVN) is laying off 6% of its workforce in an effort to cut costs. The American EV maker, already grappling with falling cash reserves and a weak economy, is now bracing for what may be an industry-wide price war.

The falling EV prices were kicked off by cuts made recently by Elon Musk-led Tesla and Ford... More

Chinese domestic EV makers report January sales decline following Tesla (TSLA) price cuts

Chinas top domestic high-end EV manufacturers: Nio (NYSE: NIO), XPeng (NYSE: XPEV), and Li Auto (NASDAQ: LI), all recorded monthly and year-on-year sales declines in January, with some of the drops exceeding 50%. The weakness follows disrupted production and sales slowed by the weeklong Lunar New Year holiday, as-well-as recent Tesla (NASDAQ: TSLA) price... More

Tesla (TSLA) plans production ramp in Shanghai as price cuts boost demand

In an exclusive story, Reuters reports Wednesday that electric vehicle giant, Tesla, Inc. (NASDAQ: TSLA) plans to step up output at its Shanghai plant over the next two months to meet demand ignited by aggressive price cuts on its best-selling models. The report cites a planning memo seen by Reuters and a... More

Warren Buffet backed EV maker BYD in talks to acquire insurer Yi'an

BYD, the Chinese electric vehicle company in China, announced on Tuesday that the Warren Buffet backed automaker is working on a potential acquisition of Yi'an P&C Insurance Co, an insurer that was seized by Chinese regulators two years ago as part of a crackdown on financial... More

Tesla (TSLA) to increase CAPEX and ramp battery cell and semi-truck production

Tesla (NASDAQ: TSLA) announced in a 10-K filing on Tuesday that the electric vehicle company will increase its capital expenditure next year as the electric-vehicle maker increases production of a new battery cell and the Semi heavy duty truck.

Tesla wrote in the filing that we are likely to see heightened levels of capital... More

Twitter makes first interest payment on Musk buyout debt - Bloomberg News

(Reuters) -Twitter Inc has made its first interest payment under Elon Musk after the billionaire took the social media company private last year using about $12.5 billion of debt, Bloomberg News reported on Monday, citing people with knowledge of the matter.

Twitter paid a group of seven banks, led by Morgan Stanley,... More

Twitter said to make first interest payment on Musk buyout debt - Bloomberg

Twitter said to make first interest payment on Musk buyout debt - Bloomberg

Tesla (TSLA) offers new $3,000 discount or free Supercharging with trade-ins, slashing prices further - Teslarati

Tesla (NASDAQ: TSLA) offers new $3,000 discount or free Supercharging with trade-ins, slashing prices further - Teslarati

Twitter seeking regulatory permits for payments on platform - FT

Twitter seeking regulatory permits for payments on platform - FT

Recession EV price wars have started, expected another 15-20% in cuts - Chowdhry

Global Equities Research analyst Trip Chowdhry weighed in on news Ford (NYSE: F) cut its Mach-E price between $600 to $5,900, which follows cuts from Tesla (NASDAQ: TSLA) and proclaims the "recession EV price wars have started" and expects... More

Tesla (TSLA) February weekly option implied volatility is at 100 as shares sell off 4%

Tesla (NASDAQ: TSLA) February weekly call option implied volatility is at 100, February is at 79; compared to its 52-week range of 49 to 96.

Active options: TSLA SOFI LCID AAPL NVDA BBBY AMC CNVA AMD INTC

Active options: TSLA SOFI LCID AAPL NVDA BBBY AMC CNVA AMD INTC

Ford falls in premarket on price cut; chipmakers also extend losses

By Geoffrey Smith

Investing.com -- Stocks in focus in premarket trading on Monday, 30th January. Please refresh for updates.

Ford to cut prices while 'significantly' increasing Mach-E production amid Tesla cuts

(Updated - January 30, 2023 9:06 AM EST)

Ford (NYSE: F) announced Monday morning that the American vehicle maker will significantly increase production of their Mustang Mach-E this year to help reduce customer wait times. The company also announced that they will be taking advantage of the streamlined costs to reduce prices across the board.

The Mustang Mach-E was the #3 EV model in the U.S. in 2022. The... More

Ford Motor (F) cutting Mustang Mach-E prices in response to Tesla (TSLA)

Ford Motor (NYSE: F) cutting Mustang Mach-E prices in response to Tesla (NASDAQ: TSLA).

Berenstein spoke with investors following Tesla’s (TSLA) mixed Q4 report

Bernstein reiterated an Underperform rating on Tesla (NASDAQ: TSLA) with a $150.00 price target after speaking with the company and several investors. Tesla has rallied dramatically despite reporting mixed results on Jan 25. Tesla missed margins significantly but provided reassuring guidance and commentary on demand and beat on EPS due to a lower-than-expected tax rate and... More

Dow Jones, Nasdaq, S&P 500 weekly preview: Why analysts expect stocks to rotate lower

U.S. futures are moving lower in pre-market Monday as investors brace for another busy week. The Federal Reserve meeting is the key event and the biggest catalyst for stocks this week, in addition to the continuation of the earnings season.

S&P 500 gained 2.5% last week to finally close above the descending trend line that connects previous lower highs. However, the rally stopped at another important resistance - 4100 - which is likely to cap any near-term gains, until at least the Fed takes the central stage on Wednesday.

Nasdaq Composite Index (IXIC) closed over 4.3% higher last... More

Tesla (TSLA) stock earns upgrade to Buy on 'misguided pricing concerns'

Despite seeing a softer demand picture in 2023 facing the global auto manufacturers, Berenberg analysts led by Adrian Yanoshik upgraded Tesla (NASDAQ: TSLA) stock to Buy from Hold.

While Tesla shares moved lower in the closing months of 2022 on several catalysts, including price cuts, Yanoshik said such moves are an... More

Tesla (TSLA) 30-day option implied volatility flat

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 73; compared to its 52-week range of 49 to 96.

Berenberg Upgrades Tesla (TSLA) to Buy

(Updated - January 30, 2023 4:25 AM EST)

Berenberg analyst Adrian Yanoshik upgraded Tesla (NASDAQ: TSLA) from Hold to Buy with a price target of $200.00 (from $255.00).

The analyst comments "The companys price cuts represent an investment in growth, which we believe reflects Teslas cost leadership strategy. New... More

U.S. SEC probes Elon Musk's role in Tesla self-driving claims - Bloomberg News

(Reuters) -The U.S. securities regulator is investigating Elon Musk's role in shaping EV maker Tesla's self-driving claims, Bloomberg News reported on Friday, citing a person with knowledge of the matter.

The review is part of an ongoing Securities and Exchange Commission (SEC) probe of the company's statements... More

Elon Musk Faces SEC Probe For Role In Tesla (TSLA) Self-driving Claims - Bloomberg

(Updated - January 27, 2023 3:17 PM EST)

US regulators are investigation Elon Musk's role in shaping Tesla's (NASDAQ: TSLA) self-driving claims, according to Bloomberg, citing people with knowledge of the matter.

The review is part of an ongoing SEC probe of the company's statements about its Autopilot driver-assistance system.

Active options: TSLA AMZN AAPL INTC NVDA LCID META BBBY COIN AMD NIO

Active options: TSLA AMZN AAPL INTC NVDA LCID META BBBY COIN AMD NIO

S&P 500 marches higher as cooling inflation cements Fed downshift bets

By Yasin Ebrahim 

Investing.com -- The S&P 500 climbed Friday as further signs of easing inflation supported bets that the Federal Reserve will downshift to a slower pace of rate hikes next week.

The S&P 500 rose 0.6%, the Dow Jones Industrial Average gained 0.3%, or 106 points, and the Nasdaq Composite was up 1.2%.

The personal consumption expenditures, or PCE price index rose 0.1% in December, slower than expectations for a 0.2% rise.

Core PCE, which excludes food and energy and is the Feds preferred inflation measure, rose 0.3%, in line with expectations, though slowed to 4.4% for the 12... More

Tesla (TSLA) Hits Another Session High, Now Up 12.3%

Tesla (NASDAQ: TSLA) Hits Another Session High, Now Up 12.3%

Musk meets with top Biden officials to discuss EV and energy goals

An exclusive story by Reuters reports that Tesla CEO, Elon Musk met with two top Biden administration officials on Friday in Washington. John Podesta, a senior advisor to the president for clean energy innovation, and Mitch Landrieu, who oversees infrastructure spending.

According to a White House spokesperson, "John Podesta and Mitch Landrieu met with Elon Musk... More

Lucid Group (LCID) doubles on Saudi rumors

Shares of electric vehicle maker Lucid Group (NASDAQ: LCID) nearly doubled intra-day Friday on rumors reported at Betaville that Saudi Arabia's Public Investment Fund is working on plans to buy the remaining stake that it doesnt own.

The stock has since... More

Tesla's Musk meets top Biden officials on EVs in Washington

By Nandita Bose, David Shepardson and Raphael Satter

WASHINGTON (Reuters) -Tesla Chief Executive Elon Musk met two top White House officials on Friday in Washington to discuss how the car maker and Democratic President Joe Biden could work together to advance electric vehicle production and speed electrification of U.S. vehicle networks.

Musk met John Podesta, a Democratic stalwart who serves as Biden's senior adviser for clean energy innovation, and Mitch Landrieu, who oversees infrastructure spending, the White House said. The billionaire and Biden have often been at odds over political and labor issues.

"John... More

Tesla (TSLA) CEO Elon Musk meets top Biden admin officials to discuss electrification goals - Reuters

Tesla (NASDAQ: TSLA) CEO Elon Musk meets top Biden admin officials to discuss electrification goals - Reuters

Midday movers: American Express, Tesla, Intel and more

Liz Moyer

Investing.com -- Tech underpinned another move higher for stocks on Friday as investor fears about a recession faded ahead of the Federal Reserve policy meeting next week. Here are the midday movers for Jan. 27.

Tesla (TSLA) Extends Gain, Now Up 10.6%

Tesla (NASDAQ: TSLA) Extends Gain, Now Up 10.6%

Morgan Stanley Bullish as Tesla (TSLA) ushers in the 'Great EV Deflation'

Morgan Stanley reiterated an Outperform rating and $220.00 price target on Tesla (NASDAQ: TSLA) as the electric vehicle giants recent price cuts usher in, what analyst Adam Jonas calls, the Great EV Deflation.

Jonas wrote in a note, In recent days, Ive asked several dealers and automotive experts if theyve ever seen a car company cut prices by 13 to 20% across the vast majority of its product range in one move. Nobody can think of a precedent.

Some... More

Tesla (TSLA) Extends Gain, Up 8.5%

Tesla (NASDAQ: TSLA) Extends Gain, Up 8.5%

Tesla (TSLA) Extends Gain, Now Up 6.2%

Tesla (NASDAQ: TSLA) Extends Gain, Now Up 6.2%

Tesla (TSLA) call put ratio 1.3 calls to 1 put

Tesla (NASDAQ: TSLA) February weekly call option implied volatility is at 69, February is at 63; compared to its 52-week range of 49 to 96.

Tesla (TSLA) mentioned positive at boutique

Tesla (NASDAQ: TSLA) on watch as boutique research firm notes total configurations (ex-Cybertruck) are on track to be up Y/Y and M/M and is being driven primarily by high demand for the Model Y.

Tesla (TSLA) PT Lowered to $257 at Argus

Argus analyst Bill Selesky lowered the price target on Tesla (NASDAQ: TSLA) to $257.00 (from $374.00) while maintaining a Buy rating.... More

Tesla (TSLA) January weekly option implied volatility after sharp rally

Tesla (NASDAQ: TSLA) January weekly call option implied volatility is at 77, March is at 60; compared to its 52-week range of 49 to 96 after sharp rally.

Active options: TSLA AAPL AMZN NVDA MSFT BBBY INTC META AMC AMD

Active options: TSLA AAPL AMZN NVDA MSFT BBBY INTC META AMC AMD

Today's most important price target changes

Cowen raised the price target on Tesla (NASDAQ: TSLA) to $140.00 from $122.00 while maintaining a Market Perform rating.

The companys shares surged more than 10% today after it insisted that there's no problem with demand for its cars, and forecast another... More

Tesla, insurers take different paths to deal with expensive repairs

By Paul Lienert

(Reuters) - Tesla Inc's electric vehicles are expensive to repair - so much so that the automaker and insurers are addressing the issue in sharply different ways.

Chief Executive Elon Musk says Tesla is making design and software changes to its vehicles to lower repair costs and insurance premiums.

Insurance carriers, meanwhile, are writing off low-mileage Tesla Model Ys that have been in crashes, and sending them to salvage auctions after deeming many too expensive to repair.

During Tesla's fourth-quarter earnings call on Wednesday, Musk said premiums from third-party insurance companies "in... More

Consumer sentiment, inflation data, Chevron earnings: 3 things to watch

By Liz Moyer

Investing.com -- Stocks good a boost from tech on Thursday after Tesla (NASDAQ: TSLA)'s better than expected results for the fourth quarter.

Thursday's preliminary reading of gross domestic product for the final three months of 2022 was also stronger than expected, raising worries that the Federal Reserve would continue to raise interest rates aggressively.

But most market... More

Active options: TSLA AAPL AMZN NVDA MSFT BBBY INTC META AMC AMD

Active options: TSLA AAPL AMZN NVDA MSFT BBBY INTC META AMC AMD

Midday movers: Tesla, Chevron, Southwest Airlines and more

By Liz Moyer

Investing.com -- Tech boosted the major indexes, fueled by a better than expected report on fourth quarter gross domestic product. Here are the midday movers for Jan. 26.

Tesla (TSLA): Morgan Stanley on why the stock is up so much post Q4

Tesla (NASDAQ: TSLA) appears to be finally regaining the trust of investors as its shares trade nearly 10% higher early on Thursday following the company's Q4 earnings release late last night.

Here's Morgan Stanley's Adam Jonas with a point-by-point explanation of what exactly there is to like about the EV maker's latest report:

1. Worries about demand: "Management just told... More

Tesla (TSLA) January weekly option implied volatility is at 93, February is at 36

Tesla (NASDAQ: TSLA) January weekly call option implied volatility is at 93, February is at 36; compared to its 52-week range of 49 to 96 after quarter results.

Active options: TSLA AAPL AMZN NVDA MSFT AMD META GOOGL NIO RIVN

Active options: TSLA AAPL AMZN NVDA MSFT AMD META GOOGL NIO RIVN

Tesla (TSLA) Extends Gain, Now Up 11%

Tesla (NASDAQ: TSLA) Extends Gain, Now Up 11%

Tesla (TSLA) PT Raised to $140 at Cowen

Cowen analyst Jeffrey Osborne raised the price target on Tesla (NASDAQ: TSLA) to $140.00 (from $122.00) while maintaining a Market Perform rating.... More

Tesla (TSLA) PT Raised to $150 at Wells Fargo

Wells Fargo analyst Colin Langan raised the price target on Tesla (NASDAQ: TSLA) to $150.00 (from $130.00) while maintaining a Equal Weight rating.... More

Bulls win Tesla 'Super Bowl' on demand as bears focus on plunging gross margins

As one analyst put it, Tesla's (NASDAQ: TSLA) fourth-quarter earnings report had something for bulls and bears. However, based on the +7% price action Thursday morning, the bulls are winning currently. Contributing to the upside are comments from CEO Elon Musk that the recent price cuts have stirred significant demand. The stock has at least two price target hikes on... More

Tesla (TSLA) PT Raised to $200 at Wedbush

Wedbush analyst Daniel Ives raised the price target on Tesla (NASDAQ: TSLA) to $200.00 (from $175.00) while maintaining a Outperform rating.... More

Tesla (TSLA) up over 7% in premarket as upbeat Musk reassures on 2023 outlook

(Updated - January 26, 2023 5:44 AM EST)

Investing.com -- Tesla (NASDAQ: TSLA) stock gained over 7% in premarket trading on Thursday after the electric vehicle maker insisted that there's no problem with demand for its cars, and forecast another year of solid - if slightly slower - growth.

Tesla reported underlying earnings per share of $1.19 in the fourth quarter, a little ahead of the $1.15 consensus, which had been revised down sharply at the end of last year as the company struggled with production and logistics disruptions at... More

Tesla (TSLA) option implied volatility elevated into shares trading up before the bell

Tesla (NASDAQ: TSLA) January weekly call option implied volatility is at 144, March is at 75; compared to its 52-week range of 49 to 96 into shares trading up before the bell after quarter results.

Tesla (TSLA) PT Raised to $185 at Wolfe Research

Wolfe Research analyst Rod Lache raised the price target on Tesla (NASDAQ: TSLA) to $185.00 (from $160.00) while maintaining a Outperform rating.... More