Tesla (TSLA) recruits Asian partners to address battery concerns

Elon Musk and BYD deny reports that Tesla (TSLA) is ending battery cooperation

Tesla (NASDAQ: TSLA) CEO Elon Musk and Chinese electric vehicle and battery maker BYD on Tuesday denied media reports saying the U.S. electric vehicle maker was ending cooperation with BYD on battery supplies.

The Korean Economic Daily on Sunday cited... More

Beep Inc. partners with North Carolina for Autonomous Vehicle Testing Projects

Autonomous and shared mobility solutions company, Beep Inc. announced Tuesday that the company has entered a partnership with North Carolinas Department of Transportation (NCDOT).

This partnership expands NCDOTs Connected Autonomous Shuttle Supporting Innovation (CASSI) program to further the states understanding of autonomous technologies and demonstrate the viability of shared autonomy. NCDOT and Beep will test applicable use cases for shared electric and autonomous shuttles.

The first pilot project will operate in... More

Bernstein’s Toni Sacconaghi analyzes Tesla’s (TSLA) addressable auto markets; reiterates Underperform

Bernstein reiterated an Underperform rating and $150.00 price target on Tesla Inc. (NASDAQ: TSLA) after analyst Toni Sacconaghi completed a bottom-up analysis of the EV makers addressable auto markets.

IHS estimates total vehicle sales last year were ~82M units. Bernstein and Sacconaghi believe... More

Morgan Stanley compares Rivian (RIVN) and Tesla (TSLA) at 50K milestone

Morgan Stanley reiterated an Overweight rating and $26.00 price target on Rivian (NASDAQ: RIVN) as the automaker targets 50k units of production in 2023. When Tesla crossed the 50k unit milestone in 2015, it earned a positive 21.3% gross margin. However, analyst Adam Jonas estimates a negative 68% gross margin for Rivian.

Morgan Stanley spoke with management last... More

Tesla (TSLA) stops use of BYD batteries citing quality concerns

Barclays reiterated an Overweight rating on Tesla (NASDAQ: TSLA) with a $275.00 price target following reports that the electric vehicle company has stopped using BYD batteries in their low-priced models. The report from hankyung.com also notes that LG is developing LFP batteries per TSLA... More

Morgan Stanley remains bullish on Tesla (TSLA) as price cuts fail to trigger demand

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla Inc. (NASDAQ: TSLA) as recent price cuts fail to trigger the strong demand-response expected by the industry.

Morgan Stanleys China team believe that Tesla's price cuts started a broader round of industry price reductions... More

Wolfe Research Downgrades Tesla (TSLA) to Peerperform on Growing Macro Concerns

Wolfe Research analyst Rod Lache downgraded Tesla (NASDAQ: TSLA) from Outperform to Peerperform.

The analyst comments "We upgraded TSLA in September 2022 based on three assumptions: 1. We thought that TSLAs cost reduction opportunities were under-appreciated; 2. We believed that TSLA would disproportionately benefit from the US IRA, and; 3. We believed that both factors would help support growth, as we anticipated that TSLA would leverage these advantages to steadily reduce prices while maintaining surprisingly strong margins. Were still convinced of Teslas impressive cost... More

President Xi adds oversight risk to China EV battery growth plans

Battery 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

Active options: TSLA NVDA BAC AAPL COIN AMZN AMD META DOCU SQ

Active options: TSLA NVDA BAC AAPL COIN AMZN AMD META DOCU SQ

Active options: TSLA AAPL NVDA BAC AMZN AMD COIN MSFT META SI

Active options: TSLA AAPL NVDA BAC AMZN AMD COIN MSFT META SI

Tesla taps Asian partners to address 4680 battery concerns

(Reuters) -It's crunch time at Tesla Inc, where Elon Musk is looking to crack the code for making better, cheaper batteries.

The electric-vehicle maker is recruiting Chinese and Korean materials suppliers to help lower the cost and boost the energy of its newest battery cells, even as the company struggles with battery-related performance and production issues that have helped delay the launch of its futuristic Cybertruck, according to people familiar with the plans.

Tesla has tapped China's Ningbo Ronbay New Energy and Suzhou Dongshan Precision Manufacturing to help trim materials costs as it ramps up production of 4680... More

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Active options: TSLA AAPL NVDA BAC AMZN AMD COIN MSFT META SI

BYD announces discounted pricing for select models

Tesla (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

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Active options: TSLA AAPL SI AMD AMZN META JD BAC SHOP

Bernstein examines key data points from Tesla's (TSLA) investor day; reiterates Underperform

Bernstein 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

Silvergate, Etsy, JD.com and MongoDB fall premarket; Hilton, Uber rise

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, March 9th. Please refresh for updates.

JD.com (NASDAQ: JD) ADRs fell 5.9% after the Chinese e-commerce firm missed fourth quarter revenue expectations with COVID lockdowns pressuring spending.

Silvergate... More

The Tesla (TSLA) Cybertruck is likely to be a 'cult car' with limited volume says Morgan Stanley

Morgan 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

Tesla (TSLA) may have 'outgrown' the Cybertruck - Morgan Stanley

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA), but asks if the company has "Outgrown the Cybertruck."

Jonas commented, "A lot has changed since Franz von Holzhausen threw a metal ball at the Armor Glass... More

US opens new special probe into fatal Tesla crash

By David Shepardson

WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) on Wednesday said it is opening a new special investigation into a February fatal crash in California involving a Tesla Model S where an advanced driver assistance system was suspected of having been used.

The agency is investigating the crash of a 2014 model year Tesla involving a fire truck in Contra Costa County,... More

U.S. National Highway Traffic Safety Opens Special Crash Investigation Into New Fatal Tesla (TSLA) Crash In California - Reuters

U.S. National Highway Traffic Safety Opens Special Crash Investigation Into New Fatal Tesla (NASDAQ: TSLA) Crash In California - Reuters

Tesla (TSLA) call put ratio 1.1 calls to 1 put as shares sell off 3.4%

Tesla (NASDAQ: TSLA) March weekly (10) call option implied volatility is at 70, March is at 61; compared to its 52-week range of 49 to 96. Call put ratio 1.1 calls to 1 put as shares sell off 3.4%.

FTC demanded Twitter hand over internal documents related to owner Elon Musk - WSJ

By Scott Kanowsky

Investing.com -- The Federal Trade Commission sent letters to Twitter demanding that the social media platform turn over all internal communications related to owner Elon Musk, according to documents viewed by the Wall Street Journal.

In a dozen letters to Twitter and its lawyers since Musk's $44 billion purchase of the business last October, the... More

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Active options: TSLA AAPL NVDA SNAP NKLA AMZN AMD

Tesla (TSLA) Declines 3%

Tesla (NASDAQ: TSLA) Declines 3%

Musk: Twitter may be cash flow positive in the second quarter

By Scott Kanowsky

Investing.com -- Twitter owner Elon Musk has said the social media platform could be cash flow positive in the next quarter of this year following a string of cost saving measures that have helped offset an exodus of key advertising revenues.

Addressing a Morgan... More

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

Campbell Soup, Occidental Petroleum and WeWork rise premarket; Stitch Fix falls

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, March 8th. Please refresh for updates.

Campbell Soup (NYSE: CPB) stock rose 0.7% after the food company raised its... 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

U.S. opens Tesla probe into reports steering wheels fell off

By David Shepardson

WASHINGTON (Reuters) -The National Highway Traffic Safety Administration (NHTSA) said Wednesday it is opening a preliminary investigation into 120,000 Tesla Model Y vehicles after two reports of steering wheels falling off while driving.

The U.S. auto safety regulator said the steering wheels in both 2023 model year vehicles, which had a low mileage, completely detached. The vehicles were delivered to owners missing the retaining... 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

US Investigates Tesla (TSLA) For Steering Wheels That Can Fall Off - AP

(Updated - March 8, 2023 7:12 AM EST)

US Investigates Tesla (NASDAQ: TSLA) For Steering Wheels That Can Fall Off - AP

There is a ‘clear path’ to a car one-half the cost of a Model 3 - Musk

Morgan 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

Berenberg 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'

(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