Tesla (TSLA) sold 74,402 China-made vehicles in February
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President Xi adds oversight risk to China EV battery growth plans
March 10, 2023 11:23 AM ESTBattery makers in China were put on notice this week following a message from President Xi Jinping. On Monday, the President said that he had mixed feelings about CATL and its status as the world's largest battery maker. Xi said that he was both pleased and concerned about CATLs electric vehicle battery dominance.
Xis remarks showed CATL has drawn the attention of top Chinese officials. Since last year, CATL's customers have... More
Tesla (TSLA) recruits Asian partners to address battery concerns
March 10, 2023 10:56 AM ESTAn exclusive story by Reuters on Friday reports that electric vehicle giant, Tesla (NASDAQ: TSLA) is recruiting Chinese and Korean materials suppliers to help lower cost and boost the energy of its newest battery cells, according to people familiar with the plans.
According... More
BYD announces discounted pricing for select models
March 9, 2023 1:28 PM ESTTesla (NASDAQ: TSLA) rival, and leading seller of battery electric vehicles, BYD announced Thursday on its social media account that the Chinese automaker will be offering discounts on some models, intensifying competition in the biggest auto market.
The discounts will... More
Bernstein examines key data points from Tesla's (TSLA) investor day; reiterates Underperform
March 9, 2023 8:17 AM ESTBernstein reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA) after breaking down key data points from the EV makers 2023 Investor Day.
On 1st March, Tesla held its Investor Day. Writes analyst Toni Sacconaghi. The company provided select quantitative updates, and with some simple math, we found the implications of several of them interesting:
Tesla produced its 4 millionth car on its investor day. To this point, Tesla had produced 3.73M cars in its history, pointing to about 273K cars produced this quarter, ~64% of consensus production estimates (428k cars for Q1).... More
The Tesla (TSLA) Cybertruck is likely to be a 'cult car' with limited volume says Morgan Stanley
March 9, 2023 7:34 AM ESTMorgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA). After speaking with clients, analyst Adam Jonas feels there may be some room to manage expectations about the significance of the Cybertruck.
There are some who believe that Tesla may sell many hundreds of thousands of Cybertrucks annually. However, Jonas thinks it will more likely be an enthusiast/cult car with far more limited volume. Somewhere closer to 50k units/year.
The Cybertruck is an important element of... More
Regulators open probe into Tesla's Model Y following reports of steering wheels falling off
March 8, 2023 8:23 AM ESTThe 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
March 8, 2023 8:13 AM ESTMorgan 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
March 8, 2023 7:48 AM ESTThe 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
US Investigates Tesla (TSLA) For Steering Wheels That Can Fall Off - AP
March 8, 2023 7:10 AM EST(Updated - March 8, 2023 7:12 AM EST)
US Investigates Tesla (NASDAQ: TSLA) For Steering Wheels That Can Fall Off - AP
US opens probe into Tesla's Model Y SUVNHTSA says probe covers 120,000 vehicles from the 2023 model year... MoreThere is a ‘clear path’ to a car one-half the cost of a Model 3 - Musk
March 8, 2023 7:09 AM ESTMorgan Stanley analyst Adam Jonas reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA) after CEO Elon Musk was interviewed at the broker's Technology, Media and Telecoms Conference in San Francisco yesterday.
"Musk reiterated his view that it is entirely... More
Tesla (TSLA) stock slips as analyst downgrades to Hold on limited upside
March 8, 2023 6:19 AM ESTBerenberg analyst Adrian Yanoshik downgraded Tesla (NASDAQ: TSLA) stock to Hold from Buy as he believes the upside is limited following the year-to-date (YTD) outperformance.
Tesla shares are up 52% YTD and 21% since Yanoshik upgraded in late January. The analyst believes the current valuation leaves less room for disappointment.
We argued that Tesla can take market share at a gross... More
Berenberg Downgrades Tesla (TSLA) to Hold, 'Weaponised capacity priced in'
March 8, 2023 2:37 AM EST(Updated - March 8, 2023 3:35 AM EST)
Berenberg analyst Adrian Yanoshik downgraded Tesla (NASDAQ: TSLA) from Buy to Hold with a price target of $210.00 (from $200.00).
The analyst comments "Tactical price changes reflect cost-leadership strategy: Teslas new plants offer multi-year opportunity in capital... More
Active options: TSLA AAPL NVDA SNAP NKLA AMZN AMD META RIVN
March 7, 2023 3:30 PM ESTActive options: TSLA AAPL NVDA SNAP NKLA AMZN AMD META RIVN
... MoreTesla's next generation smaller car to operate mostly autonomously-Musk
March 7, 2023 3:06 PM EST(Reuters) -Tesla Chief Executive Elon Musk on Tuesday said that the next generation small car the company is working on would operate mostly in autonomous mode, similar to a promise he made in 2020.
On Tuesday he said there was a clear path to delivering a car that... More
Tesla (TSLA) call put ratio 1.2 calls to 1 put as shares sell off 2.5%
March 7, 2023 11:02 AM ESTTesla (NASDAQ: TSLA) March weekly (10) call option implied volatility is at 66, March is at 62; compared to its 52-week range of 49 to 96. Call put ratio 1.2 calls to 1 put as shares sell off 2.5%.
... MoreActive options: TSLA SNAP AAPL META NVDA AMZN RIVN SE
March 7, 2023 9:46 AM ESTActive options: TSLA SNAP AAPL META NVDA AMZN RIVN SE
... MoreTesla (TSLA) March weekly (10) option implied volatility is at 65, March is at 61
March 7, 2023 4:58 AM ESTTesla (NASDAQ: TSLA) March weekly (10) call option implied volatility is at 65, March is at 61; compared to its 52-week range of 49 to 96. Call put ratio 1.3 calls to 1 put.
... MoreActive options: AAPL TSLA NVDA AMZN SNAP AMC META GOOGL
March 7, 2023 4:36 AM ESTActive options: AAPL TSLA NVDA AMZN SNAP AMC META GOOGL
... MoreTesla could begin producing autos in Mexico next year -Mexican official
March 6, 2023 5:39 PM ESTMEXICO CITY (Reuters) - Tesla Inc could begin producing its first cars in Mexico next year, with the electric vehicle maker close to receiving its final permits allowing factory construction to begin in Nuevo Leon near the U.S.-Mexico border, the state's governor said on Monday.
"They are waiting for the final permits ... once that's done, they can start, hopefully this very month, in March," Nuevo Leon Governor Samuel Garcia said in an interview.
... MoreUS On Track To Issue EV Battery Tax Credit Guidance This Month - Bloomberg, Citing John Podesta
March 6, 2023 4:28 PM ESTUS On Track To Issue EV Battery Tax Credit Guidance This Month - Bloomberg, Citing John Podesta
... MoreActive options: AAPL TSLA NVDA AMZN SNAP AMC META GOOGL AMD
March 6, 2023 2:30 PM ESTActive options: AAPL TSLA NVDA AMZN SNAP AMC META GOOGL AMD
... MoreMidday movers: Norfolk Southern, Apple, Tesla and more
March 6, 2023 1:50 PM ESTBy Liz Moyer
Investing.com -- Stocks are rising on Monday ahead of testimony by Federal Reserve Chair Jerome Powell in Congress starting Tuesday. Here are the midday movers for March 6.
... More
Tesla and Apple rise premarket; Norfolk Southern and Lordstown Motors fall
March 6, 2023 8:20 AM ESTBy Peter Nurse
Investing.com -- Stocks in focus in premarket trade on Monday, March 6th. Please refresh for updates.
Tesla (TSLA) recalls 3,470 Model Y EVs
March 6, 2023 7:52 AM ESTThe 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
Tesla is no longer a Top Pick auto stock at Morgan Stanley; replaced by Ferrari
March 6, 2023 7:29 AM ESTMorgan Stanley analyst Adam Jonas introduced Ferrari (NYSE: RACE) as a new Top Pick in the firms research coverage of the U.S. auto sector. Ferrari replaces Tesla (NASDAQ: TSLA) as the top U.S. auto stock to own as Jonas sees an... More
Tesla (TSLA) cuts Model S and Model X prices in U.S.
March 6, 2023 7:25 AM ESTAccording to Teslas (NASDAQ: TSLA) website over the weekend, the electric vehicle company decided to cut prices on its two most expensive electric vehicles in the United States. The cuts come just days after Chief Executive Elon Musk said recent price cuts on other models had stoked demand.
These most recent price cuts... More
Jefferies raises price target on Tesla (TSLA)
March 6, 2023 6:52 AM ESTJefferies 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
March 6, 2023 6:15 AM ESTMorgan 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
March 6, 2023 6:11 AM ESTBy 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
March 6, 2023 4:24 AM ESTActive options: TSLA AAPL META NVDA AMZN AMC AMD GOOGL
... MoreTesla (TSLA) option IV below 60
March 6, 2023 4:20 AM ESTTesla (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.
... More