Tesla (TSLA) 30-day option implied volatility at 72 as shares trade $200
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New York Tesla (TSLA) employees announce campaign to form union
February 14, 2023 2:02 PM ESTTesla (NASDAQ; TSLA) employees in upstate New York announced in a letter to management early Tuesday that the group plans to launch a campaign to form a union. The union, if formed, would be a first for Tesla, which up until now has managed to avoid unionization at its U.S. facilities unlike other major... More
Ford (F) announces $3.5B investment to build New LFP Battery Plant in Michigan
February 13, 2023 2:10 PM ESTFord 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
February 10, 2023 1:56 PM ESTRoss 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
February 10, 2023 1:04 PM ESTAn 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%
February 10, 2023 11:13 AM ESTShares 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
