Disney, MGM Resorts, Tapestry, Tesla rise premarket; Mattel, Credit Suisse fall

Ford (F) announces $3.5B investment to build New LFP Battery Plant in Michigan

Ford Motor Company (NYSE: F) announced today that the American automaker is investing $3.5 billion to build the countrys first automaker-backed LFP battery plant in Michigan, offering customers a second battery technology within Fords EV lineup.

The BlueOval Battery Park Michigan plant, as its being called, will initially employ 2,500 people when production of LFP batteries begins in 2026. Ford also has the option to further grow its battery capacity at its Marshall, Michigan, plant, which will be part of a wholly owned Ford subsidiary.

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JPMorgan Resumes Walt Disney (DIS) at Overweight

JPMorgan analyst Philip Cusick resumes coverage on Walt Disney (NYSE: DIS) with a Overweight rating and a price target of $135.00.

The analyst comments "Following a period of restriction, we are moving to an Overweight rating and a December 2023 price target of $135 (OW rating and December 2023 price target... More

'I think it's time for Tesla to grow up' - Ross Gerber plans activist run for board seat

Ross Gerber, a vocal Tesla (NASDAQ: TSLA) supporter and shareholder, confirmed Friday during an audio conference with Bloomberg that the Gerber Kawasaki investment firm CEO will pursue a seat on the electric vehicle companys board of directors.

Tesla needs to build... More

Tesla (TSLA) must unlock EV chargers or leave billions on the table

An exclusive story by Reuters reports today, citing administration officials, that the Department of Transportation is expected to finalize a requirement next week that will pressure Tesla (NASDA: TSLA) to expand beyond its proprietary charging equipment in the U.S. and add the charger used by its competitors.

Tesla CEO, Elon Musk has previously talked about the possibility of opening the companys Supercharging network to competitors, but has yet to do so in the United States. However, if the requirements are finalized and Tesla still refuses, the auto maker will be left... More

Rivian (RIVN) dips as Ford (F) cuts stake in the EV maker to about 1%

Shares of Rivian (RIVN) were down 3.6% in early trading on Friday after Ford (NYSE: F) cut their stake in the electric vehicle company to 1.15%. The decision by Ford comes a week after the Detroit automaker reported a fall in profit and predicted a tough year ahead.

The... More

Morgan Stanley seeks narrative change at Tesla’s (TSLA) investor day as shares nears valuation

Morgan Stanley reiterated an Overweight rating on Tesla (NASDAQ: TSLA) as the companys stock has nearly doubled since January 3rd, taking the stock to just under their $220 price target. Over the 27 trading days YTD, Tesla has traded an accumulated $ value (VWAP) of $804bn. By comparison, the trailing 27 days leading up to... More

Tesla (TSLA) raises prices in China

Shares of electric vehicle maker Tesla (NASDAQ: TSLA) are down 2.13% in pre-market trading on Friday after the automaker increased the starting price of its Model Y crossovers. According to an update to its online configurator today, the company increased the price of its standard range... More

BTIG Says Now is Time to Fade Tesla (TSLA) Rally, 'Even if you are bullish on the name, these levels appear overextended'

BTIG Says Now is Time to Fade Tesla (NASDAQ: TSLA) Rally.

CMT Jonathan Krinsky comments "Tesla (TSLA, Not Rated) is working on its 8th consecutive up day. It has more than doubled off its January 6th low. The 24-day rate-of-change (87%) is the... More

Lucid Group (LCID) enters Tesla-led price war with $7,500 EV credit offer

Lucid Group (NASDAQ: LCID) announced Thursday that the American EV company will be offering a new $7,500 credit for customers buying select variants of the Air luxury electric car. The credit unofficially announces the groups entry into what is being called a Tesla-led price war.

The recent... More

Lucid Group (LCID) responds to competitor price cuts with new EV credit

American electric vehicle maker, Lucid Group, Inc. (NASDAQ: LCID) announced Thursday that, starting today, new customers can receive a $7,500 EV credit when they purchase a new Lucid Air. The limited time offer is available for select configurations of Lucid Air Touring and Air Grand Touring models purchased by March 31, 2023.

"We think... More