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

Tesla (TSLA) to temporarily halt some production to upgrade Shanghai factory

Bloomberg reports Wednesday, citing people familiar with the matter, that Tesla (NASDAQ: TSLA) will temporarily halt some production at the companys Shanghai factory until the end of February. The interruption facilitates the companys plans to upgrade the factory to start rolling... More

White House says Tesla (TSLA) will open U.S. charging network to rivals in $7.5b federal program

UPDATE: updated for quote attribution

President Bidens administration announced Wednesday morning that Tesla (NASDAQ: TSLA) would be opening part of its U.S. charging network to electric vehicles (EVs) made by rivals as part of a $7.5 billion federal program to electrify the nation's highways. A move that could push the electric vehicle company towards becoming the universal filling... More

Barclays says Rivian (RIVN) is 'the closest to Tesla' initiates coverage at Overweight

Barclays initiated coverage of Rivian (NASDAQ: RIVN) with an Overweight rating and a $28 Price Target as analyst Dan Levy believes that the electric automaker is positioned to take solid share in the inflecting North American EV market.

Levy wrote in a note, We are hard pressed to see any company in the... More

Ford (F) underweight at Wells Fargo following lightning production halt

Wells Fargo reiterated an Underweight rating and $10.00 price target on Ford (F) after the American automaker announced that the company will halt production and shipments of their F-150 Lightning model trucks due to a battery issue. Analyst, Colin Langan noted that, while no stop-sale has been issued yet, if... More

New York Tesla (TSLA) employees announce campaign to form union

Tesla (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) halts F-150 Lightning production due to potential battery issue

Shares of Ford (F) are down 1.34% in mid-day trading on Tuesday after the American automaker announced a pause to production and shipments of its electric F-150 Lightning pickup due to what the company is calling a potential battery issue.

Ford spokeswoman Emma Bergg declined to disclose details of... More

Ford Motor (F) Announces $3.5B Michigan LFP Battery Plant

Building on Fords (NYSE: F) commitment to American manufacturing, Ford announced today it is investing $3.5 billion to build the countrys first automaker-backed LFP battery plant, offering customers a second battery technology within Fords EV lineup.

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

With this $3.5 billion investment, Ford and its battery tech collaborators have announced $17.6... More

Tesla (TSLA) critic runs Super Bowl ad against full-self driving

A tech chief executive spent hundreds of thousands of dollars on a Super Bowl commercial warning about Tesla's (NASDAQ: TSLA) self-driving technology.

Dan O'Dowd, the Green Hills Software CEO, ran a 30-second ad calling for the ban of Tesla's Full-Self Driving feature, his latest attack on Elon... More

Tesla (TSLA) 30-day option implied volatility at 73 into 2023 Investor Day

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 73; compared to its 52-week range of 49 to 96 into 2023 Investor Day on March 1, 2023.

Active options: TSLA NVDA AAPL GOOGL AMZN META LYFT AMC

Active options: TSLA NVDA AAPL GOOGL AMZN META LYFT AMC

Tesla (TSLA) Hits Low, Down 4%

Tesla (NASDAQ: TSLA) Hits Low, Down 4%

GM remains 'Top Pick' as Citi examines 2023 pricing bridge

Citi reiterated a Buy rating and $82.00 price target on General Motors Company after examining the American automakers 2023 pricing bridge. The company remains a Top Pick at Citi.

Analyst, Itay Michaeli wrote in a note, We believe GM offers very unique exposures both to highly attractive growth end-markets (Truck Franchise) as well as secular EV/AV/connected themes, which support a turnaround of GMs Non-Truck Franchise and LT growth opportunities. In addition, we view Cruise as being among the leaders in the emerging urban RoboTaxi network business. We do not believe GM shares reflect these favorable attributes.

Pricing remains... More

Investor Gerber to run for Tesla board, cites PR and service issues

By Ross Kerber

(Reuters) - Well-known Tesla Inc investor Ross Gerber said on Friday he plans to notify the electric carmaker that he will run for its board of directors, citing problems with its public relations, customer service and succession planning.

Gerber said in a telephone interview with Reuters that he aims to be considered a "friendly activist" by Tesla CEO Elon Musk, but... More

Active options: TSLA NVDA GOOGL AAPL AMZN META LYFT GOOG AMC

Active options: TSLA NVDA GOOGL AAPL AMZN META LYFT GOOG AMC

'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

Tesla (TSLA) investor Ross Gerber says he'll push for board seat - Bloomberg

Tesla (NASDAQ: TSLA) investor Ross Gerber says he'll push for board seat - Bloomberg

Tesla (TSLA) is about to expand its insurance business internationally - electrek

Tesla (NASDAQ: TSLA) is about to expand its insurance business internationally - electrek

Legacy blue checks will be removed soon - Elon Musk

Legacy blue checks will be removed soon - Elon Musk

To tap U.S. government billions, Tesla (TSLA) must unlock EV chargers - Reuters

To tap U.S. government billions, Tesla (NASDAQ: TSLA) must unlock EV chargers - Reuters

Exclusive-To tap U.S. government billions, Tesla must unlock EV chargers

By Jarrett Renshaw and Hyunjoo Jin

(Reuters) -Tesla CEO Elon Musk has often talked about opening his Supercharging network to competitors, but has never actually done so in the United States, where the company dominates the electric vehicle market.

Now, the brash CEO may have 7.5 billion reasons to accelerate those plans.

The Department of Transportation next week is expected to finalize a requirement that will pressure Tesla to expand beyond its proprietary charging equipment in the U.S. and add the charger used by its competitors, administration officials tell Reuters.

Otherwise, the carmaker will... More

Tesla (TSLA) names Brandon Ehrhart General Counsel

Tesla (NASDAQ: TSLA) names Brandon Ehrhart General Counsel and Dinna Eskin continue in a leadership role in Tesla Legal.

Tesla (TSLA) Extends Decline, Down 6.2%

Tesla (NASDAQ: TSLA) Extends Decline, Down 6.2%

EV charging names on watch on Biden headlines

EV charging names on watch as Biden Administration To Release Final Rule Next Week On Ev Charging Standards As Part Of $7.5 Bln Effort To Electrify U.S. Roads:

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

Tesla (TSLA) 30-day option implied volatility at 72 as shares trade $200

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 72; compared to its 52-week range of 49 to 96.

Tesla (TSLA) Declines Over 5%

Tesla (NASDAQ: TSLA) Declines Over 5%

Active options: TSLA GOOGL NVDA LYFT AAPL GOOG PYPL META

Active options: TSLA GOOGL NVDA LYFT AAPL GOOG PYPL META

Ford cuts Rivian stake to about 1%

(Reuters) -Ford Motor Co has cut its stake in Rivian Automotive Inc to 1.15%, as part of a plan to scale down its holdings in the electric-vehicle maker.

Ford, which wrote down the value of its Rivian investment by $7.4 billion in 2022, had said last week that the monetization of... 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

Tesla (TSLA) PT Raised to $165 at Evercore ISI Ahead of Investor Day

(Updated - February 10, 2023 5:36 AM EST)

Evercore ISI analyst Chris McNally raised the price target on Tesla (NASDAQ: TSLA) to $165.00 (from $140.00) while maintaining a In Line rating.

The analyst comments "Tesla price cuts and the great EV DEMAND question we... More

Tesla (TSLA) option IV into 2023 Investor Day

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 73; compared to its 52-week range of 49 to 96 into 2023 Investor Day on March 1, 2023.

Active options: TSLA GOOGL GOOG NVDA AAPL AMZN DIS META BBBY F AFRM AMC

Active options: TSLA GOOGL GOOG NVDA AAPL AMZN DIS META BBBY F AFRM AMC

Tesla hikes price of Model Y rear wheel drive version in China

BEIJING (Reuters) - Tesla Inc has increased the price of its Model Y rear wheel drive version to 261,900 yuan ($38,577.11) in China from 259,900 yuan previously, the company said on Friday.

($1 = 6.7890 Chinese yuan)

(Reporting by Beijing newsroom; Editing by Himani Sarkar)

Today's most important downgrades

RBC Capital downgraded Affirm Holdings Inc. (NASDAQ: AFRM) to Sector Perform from Outperform with a price target of $17.00 after the company announced a 19% job cut, reported Q2 results that missed the consensus expectations and provided a gloomier-than-expected outlook.

The firm believes the combination of higher funding costs, latency effects of pricing actions, and expected deceleration into H2/23 GMV and revenues points to a more challenging... More

General Motors (GM) and GlobalFoundries (GFS) announce long term direct supply agreement

American vehicle manufacturer General Motors (NYSE: GM) announced Thursday, alongside GlobalFoundries (NASDAQ: GFS), that the two have in a strategic, long-term agreement. The agreement establishes a dedicated capacity corridor exclusively for GM's chip supply. Through this direct supply agreement, GFS will manufacture key chips for GM through their advanced semiconductor facility in upstate New York bringing a critical... More

Tesla (TSLA) PT Raised to $250 at CFRA, Downgraded to Buy

(Updated - February 9, 2023 12:58 PM EST)

CFRA analyst Garrett Nelson raised the price target on Tesla (NASDAQ: TSLA) to $250.00 (from $210.00) while downgrading to a Buy rating (from Strong Buy)

DoD said Elon Musk's Neuralink is being investigated - Reuters

DoD said Elon Musk's Neuralink is being investigated over potentially illegal movement hazardous pathogens - Reuters

Tesla (NASDAQ: TSLA) on watch.

Time to 'fade' Tesla (TSLA) after huge move - BTIG

BTIG's technical analyst Jonathan Krinsky said it is "time to fade" Tesla's (NASDAQ: TSLA) stock after the huge move higher on positive sentiment related to the recent price cuts.

Krinsky highlights that the stock is on its 8th consecutive up... 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

GM inks deal with GlobalFoundries to secure U.S.-made chips

By Jane Lanhee Lee, Joseph White and Stephen Nellis

OAKLAND, Calif/DETROIT (Reuters) -General Motors Co and chipmaker GlobalFoundries Inc on Thursday announced a long-term deal for the automaker to secure U.S.-made processors that will enable it to avoid the factory-halting chip shortages that kept millions of cars from being manufactured during the pandemic.

GlobalFoundries said the agreement for at least three years was the first of its kind and establishes a dedicated capacity exclusively for GMs key chip suppliers at their upstate New York fabrication facility.

The announcement comes two days after... More

GlobalFoundries (GFS) and GM (GM) Announce Long-Term Direct Supply Agreement for U.S. Production of Semiconductor Chips

General Motors Co. (NYSE: GM) and GlobalFoundries (NASDAQ: GFS) (GF) today announced a strategic, long-term agreement establishing a dedicated capacity corridor exclusively for GM's chip supply. Through this first-of-its-kind agreement, GF will manufacture for GM's key chip suppliers at GF's advanced semiconductor facility in upstate New York bringing a critical process to the U.S.

This agreement supports GM's strategy to reduce the number of unique chips needed to power increasingly complex and tech-laden vehicles. With this strategy, chips can be produced in higher volumes and are... 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

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%

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

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.