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

Goldman Sachs expects sustainable energy to be highlight of Tesla (TSLA) investor day

Goldman Sachs reiterated a Buy rating and $200.00 price target on Tesla Inc. (NASDAQ: TSLA) ahead of the electric vehicle makers investor day on March 1st in Austin Texas. Analyst Mark Delaney expects the company to primarily focus on the Energy segment, with CEO Elon Musk planning to present Master Plan 3 and discuss whats needed for the world to transition to sustainable energy. Delaney also expects topics will include Full Self Driving (FSD) and the Optimus robot and financial drivers (including EBIT margins/opex leverage, and capital allocation).

Goldman Sachs... More

Tesla (TSLA) recalls over 362,000 vehicles due to FSD crash risk

The National Highway Traffic and Safety Administration (NHTSA) announced on their website that Tesla (NASDAQ: TSLA) is recalling 362,758 vehicles equipped with Full Self-Driving Beta (FSD Beta) software or pending installation.

The system may allow the vehicle to act unsafe around intersections, including traveling... More

Tesla's (TSLA) Model Y is sold out for the quarter in U.S.

A story by electrek.co late Wednesday reports that electric vehicle giant Tesla (NASDAQ: TSLA) has sold out the Model Y for the quarter in the United States with no more production builds until... More

Berkshire's Charlie Munger says BYD is so far ahead of Tesla (TSLA) 'it's almost ridiculous'

Charlie Munger, vice chairman of Berkshire Hathaway, appeared at the Daily Journals virtual annual meeting Wednesday and spoke about the state of electric vehicles in China. The billionaire investment banker said on the show that Tesla (NASDAQ: TSLA) pales in comparison to BYD in China, calling the Chinese electric vehicle maker his favorite stock ever.

I have never helped do anything... More

Bernstein does not expect Tesla (TSLA) to have high volume offering before 2025

Bernstein reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA) as analyst Toni Sacconaghi struggles to see how the EV maker can meet consensus expectations of ~2.4-2.5M units in 2024.

Last week, Sacconaghi took a high-level look at the global and regional EV market and Teslas market share. Historically in the EV market, newer models have typically gained share. 60% of the top 20 best-selling EV models... More

Tesla (TSLA) fires dozens in NY following union effort

According to a new complaint with the US National Labor Relations Board, Tesla (NASDAQ: TSLA) has fired dozens of employees at Gigafactory New York just one day after a new unionization effort was launched.

According to a Bloomberg report, the union in a filing with the US National Labor Relations Board, has accused Tesla of illegally terminating the employees in retaliation for union activity and to discourage union activity. The union has... More

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

Musk says he aims to replace himself as Twitter CEO in late 2023

Elon Musk, speaking virtually at the World Government Summit in Dubai on Wednesday, said towards the end of this year is "good timing" to find someone to run the social media platform Twitter.

Musk has previously said he is looking for someone to run the platform he acquired for... More

Tudor Pickering Downgrades Ford (F) to Hold

Tudor Pickering analyst Jeoffrey Lambujon downgraded Ford (NYSE: F) from Buy to Hold.

For an analyst ratings summary and ratings history on Ford click here. For more ratings news on Ford click here.

Shares of Ford closed at $12.97 yesterday.

Airbnb, TripAdvisor, Tesla rise premarket; Barclays, Devon Energy fall

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, February 15th. Please refresh for updates.

Airbnb (NASDAQ: ABNB) stock rose 8.4% after the house rental firm reported better-than-expected fourth-quarter numbers, and forecast current-quarter revenue above market estimates on resilient travel demand.

TripAdvisor (NASDAQ: TRIP) stock... 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

Tesla to halt some China production for upgrades - Bloomberg News

(Reuters) - Tesla Inc will suspend some production until the end of February as the electric-vehicle maker upgrades the facility to make a refreshed version of the Model 3 compact sedan, Bloomberg News reported on Wednesday.

Tesla is developing a revamped version, codenamed "Highland", of the Model 3, which was... More

Barclays starts Tesla (TSLA) at Overweight, prefers General Motors (GM) over Ford (F)

Barclays analyst Dan Levy initiated research coverage of the U.S. Autos & Mobility industry with a Neutral view. This stance is based on three key factors: 1) A mixed cycle view; 2) Megatrends positive for industry long term, but not without challenges; and 3) Valuations currently reasonable.

The current set-up is unprecedented, with US vehicle prices at all-time highs and US inventories still at depressed levels. On one hand, recession risks imply challenges... More

Tesla (TSLA) option IV into Tesla will open part of its U.S. charging network to EVs made by rivals, Reuters reports

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 72; compared to its 52-week range of 49 to 96 into Tesla will open part of its U.S. charging network to electric vehicles (EVs) made by rivals, Reuters reports.

Tesla to open U.S. charging network to rivals in $7.5 billion federal program

By Hyunjoo Jin and Jarrett Renshaw

SAN FRANCISCO (Reuters) -Tesla Inc will open part of its U.S. charging network to electric vehicles (EVs) made by rivals as part of a $7.5 billion federal program to expand the use of EVs and cut carbon emissions.

The move could help turn Tesla into the universal "filling station" of the EV era - and risk eroding a competitive edge for vehicles made by the company, which has exclusive access to the biggest network of high-speed Superchargers in the United States.

By late 2024, Tesla would open 3,500 new and existing Superchargers... More

Musk donated around $1.95 billion in Tesla shares last year

(Reuters) - Tesla chief executive Elon Musk donated shares worth $1.95 billion in the world's most valuable automaker to charity last year, a filing with the U.S. Securities and Exchange Commission (SEC) showed on Tuesday.

Musk donated about 11.6 million shares between August and December last year, according to... More

Barclays Starts Rivian Automotive Inc (RIVN) at Overweight

Barclays analyst Dan Levy initiates coverage on Rivian Automotive Inc (NASDAQ: RIVN) with a Overweight rating and a price target of $28.00.

For an analyst ratings summary and ratings history on Rivian Automotive Inc... More

Barclays Starts Ford (F) at Equalweight

Barclays analyst Dan Levy initiates coverage on Ford (NYSE: F) with a Equalweight rating and a price target of $13.00.

For an analyst ratings summary and ratings history on Ford click here. For more ratings news on Ford click here.

Shares of Ford closed at $13.09 yesterday.

Barclays Starts General Motors (GM) at Equalweight

Barclays analyst Dan Levy initiates coverage on General Motors (NYSE: GM) with a Equalweight rating and a price target of $46.00.

For an analyst ratings summary and ratings history on General Motors click here. For more ratings news on General Motors click here.

Shares of General Motors closed at $42.02 yesterday.

Barclays Starts Tesla (TSLA) at Overweight, 'clear lead in both the global EV transition and the emergence of the software defined vehicle'

(Updated - February 14, 2023 4:43 PM EST)

Barclays analyst Dan Levy initiates coverage on Tesla (NASDAQ: TSLA) with a Overweight rating and a price target of $275.00.

The analyst comments "Despite the questions which emerged around TSLA amid its solid underperformance through the... More

Buffett's Berkshire Adds Some Apple, Louisiana-Pacific, Paramount Global - 13F

Warren Buffett's Berkshire Hathaway released its 13F for the quarter ended Dec. 31, 2022. Below is a summary:

New Stakes

Raised Stakes
Apple Inc. (NASDAQ: AAPL) raised from 894,802,319 shares to 895,136,175 shares
LOUISIANA-PACIFIC CORP. (NYSE: LPX) raised from 5,795,906 shares to 7,044,909 shares
Paramount Global (NASDAQ: PARA) raised from 91,216,510 shares to 93,637,189 shares

Lowered Stakes
Activision Blizzard, Inc. (NASDAQ: ATVI) lowered from 60,141,866 shares to 52,717,075 shares
ALLY FINANCIAL, Inc. (NYSE:... More

Tesla (TSLA) February option implied volatility at 78 as shares rally 7.2%

Tesla (NASDAQ: TSLA) February call option implied volatility is at 78, March is at 72; compared to its 52-week range of 49 to 96 into 2023 Investor Day on March 1, 2023.

Tesla (TSLA) Extends Gain, Now Up 7%

Tesla (NASDAQ: TSLA) Extends Gain, Now Up 7%

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 (F) halts production and shipments of its electric F-150 Lightning due to potential battery issue - CNBC

Ford (NYSE: F) halts production and shipments of its electric F-150 Lightning due to potential battery issue - CNBC

Tesla (TSLA) option implied volatility into 2023 Investor Day

Tesla (NASDAQ: TSLA) February call option implied volatility is at 78, March is at 70; compared to its 52-week range of 49 to 96 into 2023 Investor Day on March 1, 2023.

Tesla (TSLA) Extends Gain, Now Up 4.5%

Tesla (NASDAQ: TSLA) Extends Gain, Now Up 4.5%

Active options: TSLA PLTR AAPL NVDA AMZN GOOGL MSFT META CCL AMC

Active options: TSLA PLTR AAPL NVDA AMZN GOOGL MSFT META CCL AMC

Tesla (TSLA) Climbs 1.9%

Tesla (NASDAQ: TSLA) Climbs 1.9%

Palantir, Coca-Cola, Occidental Petroleum rise premarket; Restaurant Brands fell

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, February 14th. Please refresh for updates.

Palantir (NYSE: PLTR) stock rose 17% after the data analytics company reported its first-ever quarterly profit, as well as a... More

U.S. CPI, BoJ Governor, Palantir, and SPR release - what's moving markets

By Peter Nurse

Investing.com -- The January U.S. CPI release is due for release later Tuesday and could determine market expectations for what the Federal Reserve plans in terms of interest rate hikes in the near future. Kazuo Ueda looks set to become the next Bank of Japan governor, while Lael Brainard heads to the White House. Wall Street is set to open just higher, while crude weakens on the planned SPR release. Here's what you need to know in financial markets on Tuesday, 14th February.

Tesla workers launch campaign to form union in New York

(Reuters) -Tesla Inc workers in New York state said on Tuesday they are launching a campaign to form a union, setting the stage for the latest labor challenge for Chief Executive Elon Musk.

In a letter to the electric carmaker's management, the employees announced their plan to unionize with Workers United Upstate New York.

The union, if formed, would be a first for Tesla, which up until now has managed to avoid... More

Tesla (TSLA) could see 'Valentine's Day Massacre' amid weak China deliveries - Johnson

Bearish Tesla (NASDAQ: TSLA) analyst Gordon Johnson of GLJ Research sees a potential "Valentines Day Massacre" for the stock following weak China deliveries for the Feb. 6th-to-Feb.12th period, suggesting the recent price cuts in the all-important country are not working.

Johnson highlighted Tesla sold just 6.963K cars in China domestically this... More

Ford to cut 3,800 jobs in Europe as automaker targets electric vehicle shift

Investing.com -- Ford Motor Company (NYSE: F) will slash 3,800 jobs in Europe over the next three years as part of a push towards producing electric vehicles on the continent, the U.S. automaker said in a statement on Tuesday.

The company added that the reductions will help "revitalize its business" in Europe and allow it... More

Soros buys Horizon Therapeutics, First Horizon, adds to Alphabet, cuts Amazon

By Daniel Shvartsman

Investing.com -- George Soros's fund Soros Fund Management opened new positions in Horizon Therapeutics (NASDAQ: HZNP) and First Horizon National Corporation (NYSE: FHN), while also nearly doubling its position in Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), and trimming its position in Amazon.com (NASDAQ: AMZN).

Soros Fund Management opened a position worth $325M in Horizon Therapeutics as of the... More

Tesla changes U.S. prices for fourth time in two months

(Reuters) - Tesla has changed prices for one version of each of its Model 3 sedan and Model Y crossover, the fourth price adjustment by the electric vehicle maker since the start of the year.

Tesla increased the price of its Model Y performance crossover by $1,000 to $58,990, its website showed. It cut the price of the rear-wheel drive Model 3 sedan, its cheapest model, by $500 to $42,990, the website showed.

Both vehicles qualify for $7,500 in federal tax credits.

Tesla rolled out sweeping price cuts in January across its line-up and in all of its major markets.... More

Ford to cut one in nine jobs in Europe in electric revamp

By Victoria Waldersee

BERLIN (Reuters) - Ford plans to cut one in nine jobs in Europe, axing 3,800 roles in product development and administration as part of a drive to lower costs in the region and concentrate engineering know-how in the United States, the automaker said on Tuesday

The U.S. carmaker leads the European market for commercial vans, but has struggled to make strong profits from passenger cars, and warned this month it would be "very aggressive" in reducing manufacturing and supply chain expenses this year.

CEO Jim Farley has repeatedly flagged that electric vehicle (EV)... More

Active options: TSLA AAPL MSFT GOOGL AMZN NVDA META AMC BBBY GOOG PLTR

Active options: TSLA AAPL MSFT GOOGL AMZN NVDA META AMC BBBY GOOG PLTR

Ford Chair: CEO Farley has "full court press" to fix problems

DETROIT (Reuters) - Ford Motor Co Chair Bill Ford said Monday the automaker's Chief Executive, Jim Farley, has a "full court press" on to fix operational problems that caused fourth quarter results to fall short of the company's targets.

"We probably had so much focus on the future... More

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

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%

Rivian Automotive (RIVN) Hires Michael Callahan as Chief Legal Officer

Rivian Automotive, Inc. (NASDAQ: RIVN) today announced it has hired Michael Callahan as its Chief Legal Officer. Callahan is joining Rivian from Stanford University, where he served as Executive Director of the Arthur and Toni Rembe Rock Center for Corporate Governance and Professor of the Practice of Law. Callahan... More

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