Tesla (TSLA) cuts Model S and Model X prices in U.S.

Regulators open probe into Tesla's Model Y following reports of steering wheels falling off

The National Highway Traffic Safety Administration (NHTSA) announced Wednesday that they are opening a preliminary investigation into 120,000 2023 Tesla Model Y vehicles following two reports of steering wheels falling off while driving.

NHTSA said "both vehicles received an end of line repair requiring removal and re-installation of the steering wheel."

The agency said it received... More

Elon Musk discusses Tesla (TSLA) and SpaceX at Morgan Stanley's TMT conference

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla Inc. (NASDAQ: TSLA) after Elon Musk answered questions at Morgan Stanleys Technology, Media and Telecoms Conference in San Francisco yesterday.

The billionare CEO reiterated his views released on the companys investor day that it is entirely possible to convert the global fossil fuel economy to renewable with 240 TWh of lithium ion batteries (accumulated production over time), adding that the majority of this would be lithium iron... More

BYD Plans commercial electric vehicle push

The Wall Street Journal reports Wednesday, citing people familiar with the companys plans, that Tesla (NASDAQ: TSLA) rival, BYD is now plotting a big push into battery-electric commercial vehicles.

The automaker has risen over the past decade to become one of the top global... More

Tesla (TSLA) sold 74,402 China-made vehicles in February

Data from the China Passenger Car Association (CPCA) showed on Friday that Tesla (NASDAQ; TSLA) sold 74,402 China-made electric vehicles (EV) in February, up 31.65% from a year earlier, and up 12.6% from January, when the U.S. electric car maker delivered 66,051 China-made Model 3 and Model Y electric cars.

Tesla's... More

Tesla (TSLA) recalls 3,470 Model Y EVs

The National Highway Traffic Safety Administration (NHTSA) reported over the weekend that electric vehicle maker, Tesla Inc. (NASDAQ: TSLA) has issued a recall notice for 3,470 Model Y vehicles in the U.S. built between 2022-2023.

According to the NHTSA report, bolts in the second-row seats may be loose.... More

Jefferies raises price target on Tesla (TSLA)

Jefferies reiterated a Buy rating on Tesla (NASDAQ: TSLA) and raised the price target on the stock to $230.00 (From: $180.00) following the electric vehicle makers 2023 investor day.

After a harrowing H2, the Austin investor day demonstrated Tesla remains very much a "Day 1" company. Analyst Philippe Houchois wrote in a note.... More

Ferrari (RACE) PT Raised to $310 at Morgan Stanley, Replaces Tesla (TSLA) As Top Pick

Morgan Stanley analyst Adam Jonas raised the price target on Ferrari (NYSE: RACE) to $310.00 (from $280.00) while maintaining a Overweight rating.

The analyst comments "Why make RACE our top pick?Following the YTD rebound in equity prices in autos and continuing signs of... More

Tesla edges up after fresh price cuts on Model S and Model X

By Geoffrey Smith

Investing.com -- Tesla (NASDAQ: TSLA) stock edged higher in premarket trading on Monday after the electric car maker announced fresh price cuts to some of its premium... More

Active options: TSLA AAPL META NVDA AMZN AMC AMD GOOGL

Active options: TSLA AAPL META NVDA AMZN AMC AMD GOOGL

Tesla (TSLA) option IV below 60

Tesla (NASDAQ: TSLA) March weekly (10) call option implied volatility is at 58, March is at 59; compared to its 52-week range of 49 to 96. Call put ratio 1.2 calls to 1 put.

Tesla cuts U.S. Model S and Model X prices between 4% and 9%

(Reuters) -Tesla Inc has cut prices on its two most expensive electric vehicles in the United States, according to the company's website, days after Chief Executive Elon Musk said recent price cuts on other models had stoked demand.

The price cuts, Tesla's fifth adjustment since the start of the year, ranged from 4% on the performance version of the Model S to 9% on the more expensive Model X.

Musk has said repeatedly in recent months that Tesla would focus on bringing prices down to drive demand and that it had seen success in sparking orders with global discounts introduced in... More

Tesla (TSLA) PT Raised to $230 at Jefferies

Jefferies analyst Philippe Houchois raised the price target on Tesla (NASDAQ: TSLA) to $230.00 (from $180.00) while maintaining a Buy rating.... More

Tesla (TSLA) call put ratio 1.3 calls to 1 put as shares rally 3%

Tesla (NASDAQ: TSLA) March weekly (10) call option implied volatility is at 59, March is at 58; compared to its 52-week range of 49 to 96. Call put ratio 1.3 calls to 1 put as shares rally 3%.

Active options: TSLA AAPL META AMZN NVDA AMD AMC AI MSFT GOOGL

Active options: TSLA AAPL META AMZN NVDA AMD AMC AI MSFT GOOGL

Dell, Zscaler, ChargePoint fall premarket; Tesla, Hewlett Packard rise

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, March 3rd. Please refresh for updates.

Tesla (NASDAQ: TSLA) stock rose 1.8% after data released Friday showed that the electric car... More

Morgan Stanley questions how competition can keep up with Tesla (TSLA); Reiterates Outperform

Morgan Stanley reiterated an Outperform rating and $220.00 price target on Tesla (NASDAQ: TSLA) following the electric vehicle makers 2023 investor day.

The company revealed their master plan 3 with vertical integration and new technologies to support CEO Elon Musks dream of creating a sustainable energy economy. However, vertical integration efforts only pay off if you manufacture at an extraordinarily high scale (1mn-2mn units per model, >1mm units per factory).

Analyst, Adam Jonas wrote in a note, The word 'petawatt'... More

Tesla (TSLA) sold 74,402 China-made EVs in February

According to China Passenger Car Association (CPCA) data released on Friday, electric vehicle maker, Tesla (NASDAQ: TSLA) sold 74,402 China-made electric vehicles (EV) in February, up 31.65% from a year earlier and 12.6% QoQ.

Tesla had planned to run its Shanghai plant at an average weekly output rate... More

Tesla sold 74,402 China-made EVs in February, up 32% y/y

SHANGHAI (Reuters) - Tesla sold 74,402 China-made electric vehicles (EV) in February, up 31.65% from a year earlier, China Passenger Car Association (CPCA) data showed on Friday.

That was up 12.6% from January, when the U.S. electric car maker delivered 66,051 China-made Model 3 and Model Y electric cars.

Rival BYD with its Dynasty and... More

Tesla (TSLA) PT Raised to $218 at Daiwa Securities

Daiwa Securities analyst Jairam Nathan raised the price target on Tesla (NASDAQ: TSLA) to $218.00 (from $200.00) while maintaining a Outperform (2) rating.... More

KGI Securities Downgrades Tesla (TSLA) to Neutral, 'lack of catalysts ahead of 1Q23 results'

(Updated - March 3, 2023 3:42 AM EST)

KGI Securities analyst Jennifer Liang downgraded Tesla (NASDAQ: TSLA) from Outperform to Neutral with a price target of $196.00.

The analyst comments "We maintain our 12M target price at US$196, but downgrade Tesla from Outperform to... More

Tesla (TSLA) call put ratio 1.3 calls to 1 put after Investor Day

Tesla (NASDAQ: TSLA) March weekly (10) call option implied volatility is at 63, March is at 62; compared to its 52-week range of 49 to 96. Call put ratio 1.3 calls to 1 put.

Active options: TSLA AAPL AMC NVDA AMZN SI CRM AMD META

Active options: TSLA AAPL AMC NVDA AMZN SI CRM AMD META

Tesla (TSLA) weekly option IV at 63

Tesla (NASDAQ: TSLA) March weekly (10) call option implied volatility is at 63, March is at 62; compared to its 52-week range of 49 to 96. Call put ratio 1.3 calls to 1 put.

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 1.05%

Investing.com U.S. stocks were higher after the close on Thursday, as gains in the Utilities, Technology and Basic Materials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average gained 1.05%, while the S&P 500 index climbed 0.76%, and the NASDAQ Composite index gained 0.73%.

The best performers of the session on the Dow Jones Industrial Average were Salesforce Inc (NYSE: CRM), which rose 11.50% or 19.24 points to trade at 186.59 at the close. Meanwhile, Intel Corporation (NASDAQ: INTC) added 3.43% or 0.87... More

Tesla to get over $330 million in tax abatement from Nevada

(Reuters) - Nevada on Thursday approved more than $330 million in tax abatement for electric vehicle maker Tesla Inc that is set to invest more than $3.6 billion in the state to expand its Gigafactory complex with two new factories.

Tesla said in January that one of the two new... More

Stifel Reiterates Hold Rating on ON Semiconductor (ON), 'onsemi’s LT turnaround efforts have been fairly priced in'

Stifel analyst Tore Svanberg reiterated a Hold rating and $78.00 price target on ON Semiconductor (NASDAQ: ON)

The analyst comments "At its Investor Day, Tesla announced plans for a 75% reduction in silicon carbide component usage for its next powertrain, reportedly without compromising... More

Aehr (AEHR) CEO comments on Tesla's (TSLA) silicon carbide statements

Gayn Erickson, CEO of Aehr Test Systems (NASDAQ: AEHR), spoke today at the Power America conference on Wide Bandgap Semiconductors on Aehrs interpretation of Teslas (NASDAQ: TSLA) statements made at Teslas Investor Day on March 1, 2023.

During Teslas investor day, the electric vehicle maker discussed plans for a next... More

Tesla CEO Elon Musk's comments 'bode well' for Nvidia - Citi

Citi analyst Atif Malik told investors in a note on Thursday that Tesla (NASDAQ: TSLA) Chief Executive Elon Musk's comments in a Q&A session at its Investor Day "bode well" for NVIDIA (NASDAQ: NVDA).

The analyst, who has a Buy... More

J.P. Morgan underwhelmed at Tesla (TSLA) investor day; reiterates underweight

J.P. Morgan reiterated an Underweight rating and $120.00 price target on Tesla (NASDAQ: TSLA) following the electric vehicle companys most recent investor day presentation.

Tesla and CEO Elon Musk held their investor day Wednesday, where the billionaire revealed his Master Plan Part 3. The plan was centered around creating a sustainable energy economy through electrification. However, the presentation... More

U.S. stocks are mixed as Treasury yields spike

By Liz Moyer 

Investing.com -- U.S. stocks were mixed as Treasury yields spiked on the outlook for higher for longer interest rates.

At 10:15 ET, the Dow Jones Industrial Average was up 124 points or 0.4%, while the S&P 500 was down 0.2% and the NASDAQ Composite was down 0.5%.

The 10-year Treasury yield surged above 4% and reached a four-month high as investors bet on the Federal Reserve to keep policy... More

Tesla (TSLA) call put ratio 1.5 calls to 1 put as shares sell off 5.8%

Tesla (NASDAQ: TSLA) March weekly call option implied volatility is at 82, March is at 65; compared to its 52-week range of 49 to 96 after Investor Day. Call put ratio 1.5 calls to 1 put.

Active options: TSLA CRM AAPL AMZN NVDA MPW AMD META SNOW SI

Active options: TSLA CRM AAPL AMZN NVDA MPW AMD META SNOW SI

Roth/MKM on Wolfspeed (WOLF): 'Tesla comments could weigh on WOLF stock, but there is a good chance claims might not materialize'

Roth/MKM analyst Craig Irwin reiterated a Buy rating and $95.00 price target on Wolfspeed (NYSE: WOLF).

The analyst comments "Tesla comments could weigh on WOLF stock, but there is a good chance claims might not materialize, or the whole industry benefits. The... More

Macy's, Salesforce and Okta rise premarket; Silvergate, Tesla fall

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, March 2nd. Please refresh for updates.

Macys (NYSE: M) stock rose over 6% after the department store chain reported better-than-expected fourth quarter results and offered upbeat profit guidance.

Salesforce (NYSE:... More

Chipmakers slip after Tesla flags decrease in silicon carbide use

(Updated - March 2, 2023 9:21 AM EST)

By Scott Kanowsky

Investing.com -- Shares in European and U.S. chipmakers slipped on Thursday after electric car manufacturer Tesla (NASDAQ: TSLA) noted during its latest investor day that it is using less silicon carbide wafers.

Switzerland-based STMicroelectronics NV (EPA: STM), a parts supplier to Tesla, dropped by more than 8% in its largest intraday fall since May. Rival Infineon Technologies AG (ETR:IFXGn), as well as semiconductor firm... More

JPMorgan Reiterates Underweight Rating on Tesla (TSLA), 'Expect Negative Reaction'

JPMorgan analyst Ryan Brinkman reiterated an Underweight rating on Tesla (NASDAQ: TSLA).

The analyst comments "Our estimates and fundamental view on Tesla shares are unchanged after the firms investor day yesterday which was heavy on discussion relative to clean energy transition and on the companys approach to designing and developing vehicles generally, but short on specifics or measurable metrics to track its progress. From our conversations with investors heading into the event, it seems clear expectations were higher than Tesla met with regard to certain elements of the product road... More

Tesla (TSLA) shares dip as analysts say investor day was short of details

Investing.com -- Shares in Tesla, Inc. (NASDAQ: TSLA) fell in premarket trade on Thursday after analysts said plans laid out by the electric car maker at its latest investor day lacked... More

Elon Musk's 'Master Plan' for Tesla fails to charge up investors

By Nivedita Balu and Akash Sriram

(Reuters) - Tesla Inc's shares fell about 7% on Thursday, after Chief Executive Elon Musk and team's nearly four-hour presentation failed to impress investors looking out for an announcement on an affordable electric car.

Musk and more than a dozen executives laid out fresh plans to cut assembly costs by half, invest in a new plant in Mexico and discussed the company's innovation in managing its operations at Tesla's investor day on Wednesday.

However, the event, where Musk revealed the EV... More

Tesla (TSLA) falls 5.6% following disappointing Investor Day

Tesla (NASDAQ: TSLA) falls 5.6% following disappointing Investor Day

Deutsche Bank Reiterates Buy Rating on Tesla (TSLA), PT $250, 'Lack of next-gen details disappointing but thesis intact'

Deutsche Bank analyst Emmanuel Rosner reiterated a Buy rating and $250.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "All in, we observed glimpses of technology and manufacturing improvements from the companys various presentations on ways in which it is looking to achieve 50% reduction in the cost of the next-gen platform. While specific financial details were... More

Tesla (TSLA) call ratio 1.4 calls to 1 put into shares trade $192 before the bell

Tesla (NASDAQ: TSLA) March weekly call option implied volatility is at 107, March is at 70; compared to its 52-week range of 49 to 96. Call put ratio 1.4 calls to 1 put into shares trade $192 before the bell.

Factbox-Tesla investor day gives a rare look at executive bench

By Hyunjoo Jin

SAN FRANCISCO (Reuters) - More than a dozen Tesla executives took the stage at the company's Investor Day on Wednesday, a departure from its previous such events where Elon Musk tended to dominate.

The move, a first for Tesla, appeared to be aimed at showcasing the depth of its executive bench as at a time when investors have worried Musk's distraction with Twitter could hamper growth for the electric vehicle (EV) maker.

"We've obviously got significant bench strength here," Tesla CEO Musk said as he sat flanked by 16 executives.

Heres' a... More