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

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

February 1, 2023 11:56 AM EST

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

February 1, 2023 8:08 AM EST

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

February 1, 2023 7:43 AM EST

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

Ford Motor (F) February weekly option implied volatility elevated into quarter results

January 31, 2023 11:23 AM EST

Ford Motor (NYSE: F) February weekly call option implied volatility is at 87, February is at 49; compared to its 52-week range of 35 to 63 into the expected release of quarter results after the bell on February 2.

... More

Tesla (TSLA) Tests High, Up 3%

January 31, 2023 10:49 AM EST

Tesla (NASDAQ: TSLA) Tests High, Up 3%

... More

Popular stocks with increasing volume: F BBBY GM PFE SOFI CVNA AI CAT LCID XOM SNAP MU UPST

January 31, 2023 10:06 AM EST

Popular stocks with increasing volume: F BBBY GM PFE SOFI CVNA AI CAT LCID XOM SNAP MU UPST

... More

Active options: TSLA AAPL AMZN F BBBY NVDA AMD GM PFE SOFI CVNA AI

January 31, 2023 10:04 AM EST

Active options: TSLA AAPL AMZN F BBBY NVDA AMD GM PFE SOFI CVNA AI

... More

Pfizer, McDonald's fall in premarket, International Paper, UPS jump

January 31, 2023 9:26 AM EST

By Geoffrey Smith

Investing.com -- Stocks in focus in premarket trading on Tuesday, 31st January. Please refresh for updates.

Pfizer (NYSE: PFE) stock fell 3.0% after the pharma giant forecast a sharp drop in sales and earnings this year as demand for its COVID-19 vaccine Comirnaty and antiviral drug Paxlovid slow. The companys forecasts assume no sales of Paxlovid in China after... More

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

January 31, 2023 8:46 AM EST

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

Lotus Technology announces U.S. IPO deal with SPAC L Catterton (LCAA)

January 31, 2023 8:29 AM EST

Lotus Technology announced on Tuesday that the Luxury electric vehicle startup will go public in the United States via a merger with special purpose acquisition company L Catterton Asia Acquisition Corp (NASDAQ: LCAA) in a deal that will value the combined group at... More

U.S. Justice Department asks Tesla for documents on driver assist systems

January 31, 2023 7:37 AM EST

(Reuters) - Tesla Inc said on Tuesday it has received requests from the U.S. Department of Justice for documents related to the electric vehicle company's driver assist system, Autopilot, and its "Full-Self Driving" feature.

Sources told Reuters in October last year that the company was under criminal... More

U.S. Justice Department seeks Tesla driver-assist documents

January 31, 2023 6:30 AM EST

By Akash Sriram and David Shepardson

WASHINGTON (Reuters) - Tesla Inc disclosed on Tuesday the U.S. Justice Department has sought documents related to its Full Self-Driving (FSD) and Autopilot driver-assistance systems as regulatory scrutiny intensifies. 

The automaker said in a filing it "has received requests from the DOJ for documents related to Teslas Autopilot and FSD features."

Reuters reported in October Tesla is under criminal investigation over claims that the company's electric vehicles could drive themselves. Reuters said the U.S. Justice Department launched the probe in 2021 following more than a dozen crashes, some of... More

Active options: TSLA SOFI AMZN AAPL NVDA AMC BBBY LCID CVNA META

January 31, 2023 4:29 AM EST

Active options: TSLA SOFI AMZN AAPL NVDA AMC BBBY LCID CVNA META

... More

U.S. stocks lower at close of trade; Dow Jones Industrial Average down 0.77%

January 30, 2023 4:33 PM EST

Investing.com U.S. stocks were lower after the close on Monday, as losses in the Oil&Gas, Technology and Consumer Goods sectors led shares lower.

At the close in NYSE, the Dow Jones Industrial Average lost 0.77%, while the S&P 500 index lost 1.30%, and the NASDAQ Composite index lost 1.96%.

The best performers of the session on the Dow Jones Industrial Average were Goldman Sachs Group Inc (NYSE: GS), which rose 1.08% or 3.82 points to trade at 357.52 at the close. Meanwhile,... More

Today's most important upgrades

January 30, 2023 3:59 PM EST

Axalta Coating Systems (NYSE: AXTA) shares rose more than 2% intra-day today after the stock was upgraded to Buy at Deutsche Bank and Citi.

Deutsche Bank raised its price target to $40 from $25, telling investors the company's valuation discount is no longer warranted.

Citi lifted its price target on the stock to $35.19 from $30.29, noting that the upgrade follows the company's solid Q4 report on Wednesday and its view that there is further upside ahead.

The company reported Q4 EPS of $0.38, better than the... More

S&P 500 falls ahead of Fed meeting, big tech earnings

January 30, 2023 3:45 PM EST

By Yasin Ebrahim

Investing.com -- The S&P 500 fell Monday as investors were wary of making bullish bets on stocks ahead of the Federal Reserve decision and further quarterly earnings from big tech this week.

The S&P 500 fell 1.1%, the Dow Jones Industrial Average slipped 0.64%, or 216 points, and the Nasdaq Composite was down 1.7%.

The Federal Reserve kicks off its two-day meeting on Tuesday, but with the prospect of a downshift to a 25-basis-point rate hike almost priced-in for Wednesday, investors are expecting Fed chairman Jerome Powell to signal more hikes ahead and... More

Active options: TSLA SOFI AMZN AAPL NVDA AMC BBBY LCID

January 30, 2023 3:40 PM EST

Active options: TSLA SOFI AMZN AAPL NVDA AMC BBBY LCID

... More

Midday movers: Ford Motor, AMC Entertainment, Advanced Micro Devices and more

January 30, 2023 2:34 PM EST

By Liz Moyer

Investing.com -- Stocks were falling on Monday as investors awaited the Federal Reserve's decision on interest rates and its outlook for future meetings. Here are the midday movers for Jan. 30.

Ford Motor Company (NYSE:... More

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

January 30, 2023 1:29 PM EST

(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

XPeng Inc. (XPEV) ) X2 'flying car' becomes first crewed eVTOL to receive flight permit in China - electrek

January 30, 2023 1:23 PM EST

XPeng Inc. (NYSE: XPEV) X2 flying car becomes first crewed eVTOL to receive flight permit in China - electrek

... More

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

January 30, 2023 1:10 PM EST

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

... More

Tesla (TSLA) to offer additional discounts and supercharging incentives

January 30, 2023 1:04 PM EST

(Updated - January 30, 2023 2:33 PM EST)

UPDATE: Teslarati has confirmed with Tesla that newest discount/supercharging incentives are for Model S and X vehicles only.

Story by teslarati.com reports today that Tesla (NASDAQ: TSLA) is now offering an additional $3000 discount or 3 years of free Supercharging incentives with the purchase of new vehicles. However, the... More

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

January 30, 2023 12:39 PM EST

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

... More

Twitter seeking regulatory permits for payments on platform - FT

January 30, 2023 12:15 PM EST

Twitter seeking regulatory permits for payments on platform - FT

... More

Ford Motor (F) 30-day option implied volatility at 42 into quarter results

January 30, 2023 11:28 AM EST

Ford Motor (NYSE: F) 30-day option implied volatility is at 42; compared to its 52-week range of 35 to 63 into the expected release of quarter results after the bell on February 2.

... More

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

January 30, 2023 11:14 AM EST

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%

January 30, 2023 11:05 AM EST

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.

... More

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

January 30, 2023 10:04 AM EST

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

... More

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

January 30, 2023 9:26 AM EST

By Geoffrey Smith

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

Lucid Group (NASDAQ: LCID) stock rose another 6.1% on speculation that it may be taken private by the Saudi Arabian Public... More

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

January 30, 2023 8:53 AM EST

(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)

January 30, 2023 8:37 AM EST

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

... More

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

January 30, 2023 7:58 AM EST

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

January 30, 2023 7:13 AM EST

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

XPeng Inc. (XPEV) Appoints Fengying Wang as President

January 30, 2023 5:50 AM EST

XPeng Inc. (NYSE: XPEV), a leading Chinese smart electric vehicle (Smart EV) company, today announced that Ms. Fengying Wang (Ms. Wang) has been appointed as the President of the Company with effect from January 30, 2023.

Ms. Wang will be responsible for the Company's product planning, product portfolio management and sales operations, reporting to Mr. He Xiaopeng, Chairman and CEO of the Company.

Ms. Wang brings to us over 30 years of experience in the automotive industry, spanning roles in sales, strategy and senior management. Her leadership and expertise have been instrumental in driving the... More

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

January 30, 2023 5:15 AM EST

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

NIO Inc. (NIO) call put ratio 5.2 calls to 1 put

January 30, 2023 4:13 AM EST

NIO Inc. (NYSE: NIO) 30-day option implied volatility is at 74; compared to its 52-week range of 63 to 132. Call put ratio 5.2 calls to 1 put.

... More

XPeng Inc. (XPEV) call put ratio 6.2 calls to 1 put

January 30, 2023 4:12 AM EST

XPeng Inc. (NYSE: XPEV) 30-day option implied volatility is at 88; compared to its 52-week range of 70 to 129. Call put ratio 6.2 calls to 1 put.

... More

Tesla (TSLA) 30-day option implied volatility flat

January 30, 2023 4:03 AM EST

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

... More

Ford Motor (F) call put ratio 2.5 calls to 1 put amid price movement

January 30, 2023 4:01 AM EST

Ford Motor (NYSE: F) 30-day option implied volatility is at 40; compared to its 52-week range of 35 to 63. Call put ratio 2.5 calls to 1 put.

... More

Ford (F) PT Lowered to $13 at Berenberg

January 30, 2023 1:01 AM EST

Berenberg analyst Adrian Yanoshik lowered the price target on Ford (NYSE: F) to $13.00 (from $14.00) while maintaining a Hold rating.... More

Berenberg Upgrades Tesla (TSLA) to Buy

January 30, 2023 1:01 AM EST

(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

January 27, 2023 3:31 PM EST

(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

January 27, 2023 3:14 PM EST

(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.

... More

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

January 27, 2023 3:08 PM EST

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

... More

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

January 27, 2023 2:38 PM EST

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%

January 27, 2023 2:26 PM EST

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

... More

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

January 27, 2023 2:11 PM EST

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

January 27, 2023 2:05 PM EST

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

Smaller EV names are in play on Lucid rumors

January 27, 2023 1:36 PM EST

Smaller EV names are in play with the Lucid Group (NASDAQ: LCID) rumors, and subsequent 69% surge:

Fisker (NYSE: FSR) +23%
Li Auto Inc. (NASDAQ: LI) +3%
NIO Inc. (NYSE: NIO) +7.8%
Nikola (NASDAQ: NKLA) +8.9%
Rivian Automotive (NASDAQ: RIVN) +14.3%
XPeng Inc. (NYSE: XPEV) +9%

... More

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

January 27, 2023 1:22 PM EST

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

January 27, 2023 1:21 PM EST

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

... More

Midday movers: American Express, Tesla, Intel and more

January 27, 2023 1:04 PM EST

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.

... More

Tesla (TSLA) Extends Gain, Now Up 10.6%

January 27, 2023 12:21 PM EST

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

... More

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

January 27, 2023 11:55 AM EST

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%

January 27, 2023 11:51 AM EST

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

... More

Tesla (TSLA) Extends Gain, Now Up 6.2%

January 27, 2023 11:31 AM EST

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

... More

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

January 27, 2023 11:07 AM EST

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.

... More

Tesla (TSLA) mentioned positive at boutique

January 27, 2023 9:44 AM EST

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.

... More

Tesla (TSLA) PT Lowered to $257 at Argus

January 27, 2023 9:10 AM EST

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

Ford recalls 462,000 vehicles for rear camera display failure

January 27, 2023 7:55 AM EST

By David Shepardson

WASHINGTON (Reuters) -Ford Motor Co said Friday it is recalling 462,000 vehicles worldwide because video output may fail, preventing the rearview camera image from displaying.

The U.S. automaker said the recall covers some 2020-2023 model year Explorer, Lincoln Aviator, and 2020-2022 Lincoln Corsair vehicles equipped with 360-degree cameras and includes 382,000 in the United... More

GM, Ford must convince investors they can profit as prices fall

January 27, 2023 6:14 AM EST

DETROIT (Reuters) - General Motors Co and Ford Motor Co are expected to report strong profits for 2022 next week, powered by premium-priced pickup trucks and sports utility vehicles (SUVs).

Now, the Detroit rivals must convince investors that last year's profit formula can keep working when costs for EV batteries are rising, high interest rates are cutting consumer purchasing power, and Tesla Inc is slashing prices.

Already there are signs the Detroit automakers are scaling back spending to offset competitive and economic pressure. GM has shelved for now plans to build a fourth EV battery plant in North... More

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

January 27, 2023 5:18 AM EST

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.

... More

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

January 27, 2023 4:47 AM EST

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

... More