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

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.

We are committed to... 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

Tesla (TSLA) call put ratio 1.8 calls to 1 put with focus on February weekly calls as shares rally 4.9%

Tesla (NASDAQ: TSLA) February weekly call option implied volatility is at 87, February is at 76; compared to its 52-week range of 26 to 49 as shares rally 4.9%. Call put ratio 1.8 calls to 1 put with focus on February weekly calls.

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

Tesla (TSLA) Continues to Surge, Now Up 5.3%

Tesla (NASDAQ: TSLA) Continues to Surge, Now Up 5.3%

Lucid joins Tesla-led EV price war with discounts on some Air models

(Reuters) - Lucid Group said on Thursday that customers will get a $7,500 credit on buying certain variants of the Air luxury electric car, revving up a price war started by market leader Tesla Inc.

The battle has made it much more difficult for money-losing U.S. startups such as Rivian Automotive Inc and Lucid to grab market... More

Tesla (TSLA) Extends Gain, Up 4%

Tesla (NASDAQ: TSLA) Extends Gain, Up 4%

Active options: TSLA GOOGL GOOG DIS AAPL NVDA AFRM AMZN MSFT

Active options: TSLA GOOGL GOOG DIS AAPL NVDA AFRM AMZN MSFT

Lucid Group (LCID) Announces $7,500 EV Credit on the Purchase of Select Lucid Air Models

Lucid Group, Inc. (NASDAQ: LCID), setting new standards with the longest-range, fastest-charging electric car on the market, today announced that customers can receive a $7,500 EV credit on the purchase of the award-winning Lucid Air. Starting today, this limited time offer is available for select configurations of Lucid Air Touring and Air Grand Touring models purchased by March 31, 2023.1

... More

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

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, February 9th. Please refresh for updates.

Walt Disney (NYSE: DIS) stock rose 6% after the entertainment giant posted strong first-quarter earnings thanks to the strength of its theme parks division, while also announcing 7,000 job cuts to shore up... More

Increasing competition and share losses have Bernstein doubting Tesla (TSLA)

Bernstein reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA) as electric vehicle makers report 2022 numbers.

2022 was another year strong year for EV growth. Battery EVs grew ~70% from 3.8M to 6.5M, on top of a strong comp of ~110% in 2021. Amid an overall decline in the auto market, BEVs now account for 8.3% of total light vehicle volumes.

Despite unit growth of 40%, Tesla's BEV share actually declined from 25% in 2021 to 20% in 2022, and down ~800 bps from its peak of 28% in 2020.... More

Tesla (TSLA) option implied volatility into 2023 Investor Day

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 71; compared to its 52-week range of 49 to 96 into 2023 Investor Day on March 1, 2023.

Tesla's Model Y and Model 3 top-selling vehicles in California in 2022

(Reuters) - Tesla Inc's Model Y and Model 3 electric vehicles were the top-sellers in California last year, outselling Toyota Motor Corp's RAV4 and Camry models, according to an industry body report.

It is the first time a Tesla model topped the annual sales list in California, a major vehicle market... More

Tesla (TSLA) Elon Musk says FSD 11.3 is close to limited release

Tesla (NASDAQ: TSLA) Elon Musk says FSD 11.3 is close to limited release. "Just drove it through SF & LA yesterday. Probably 11.3.2 is able to go wide."

Beep Inc. appoints three new executives in leadership expansion

Autonomous mobility company, Beep, Inc. announced Wednesday that the company has expanded its leadership team with the appointments of three new executives to aid in the scalability of their next generation platform.

Katrina Heineking joins Beep as Executive Vice President, Operations, bringing more than three decades of experience in transit systems in the public and private sectors. Prior to joining Beep, Katrina was responsible for helping create and head... More

Tesla (TSLA) Trades at High, Up 2.4%

Tesla (NASDAQ: TSLA) Trades at High, Up 2.4%

Elon Musk to unveil Tesla's 'Master Plan 3' at first investor day

(Reuters) -Tesla Inc Chief Executive Elon Musk will reveal the third part of the electric vehicle (EV) maker's "Master Plan" when the company holds its first investor day on March 1.

In 2006 and 2016, the billionaire laid out his vision for the electric carmaker, but much of the plans have yet to be achieved.

"Master Plan 3, the path to a fully sustainable energy future for Earth will be presented on March 1," Musk tweeted on Wednesday.

At Tesla's annual shareholder meeting in August, Musk said the third part of... More

Active options: TSLA BBBY AMZN AAPL PINS MSFT AMC NVDA SNAP META LAZR

Active options: TSLA BBBY AMZN AAPL PINS MSFT AMC NVDA SNAP META LAZR

Hertz has fewer Teslas in its fleet than planned

(Reuters) - Hertz Global Holdings Inc's rental fleet has less than half the number of Tesla cars it planned to order in 2022, its regulatory filing showed on Tuesday.

Hertz's fleet in the Americas peaked at 428,700 vehicles for the year ended Dec. 31, 2022, of which 11% were Tesla cars, the filing... More

Active options: TSLA BBBY AMZN AAPL PINS MSFT AMC NVDA SNAP

Active options: TSLA BBBY AMZN AAPL PINS MSFT AMC NVDA SNAP

Active options: TSLA BBBY AMZN AAPL PINS MSFT AMC NVDA

Active options: TSLA BBBY AMZN AAPL PINS MSFT AMC NVDA

Ford (F) PT Lowered to $14 at Morgan Stanley

Morgan Stanley analyst Adam Jonas lowered the price target on Ford (NYSE: F) to $14.00 (from $15.00) while maintaining a Overweight rating.... More

Morgan Stanley defends Ford (F) following 4Q miss

Morgan Stanley reiterated an Overweight rating on Ford (NYSE: F) and cut the price target on the stock to $14.00 (From $15.00) following the car makers 4Q earnings report. Ford missed 4Q by 30%, the only major miss of the 4Q auto earnings season thus far. The miss left investors struggling with a clear strategy on the way... More

Baidu surges after claiming AI tool nearing launch

By Geoffrey Smith

Investing.com -- Shares in Chinese search engine giant Baidu (HK:9888) (NASDAQ: BIDU) surged in Hong Kong on Tuesday after the company said its close to completing tests of an AI project akin to Microsoft-backed ChatGPT.

Baidu said it has been working on Ernie, an acronym for "Enhanced Representation through Knowledge Integration," since... More

Active options: TSLA BBBY AAPL AMC AMZN META NVDA GOOGL SNAP

Active options: TSLA BBBY AAPL AMC AMZN META NVDA GOOGL SNAP