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

Tesla (TSLA) faces 'right to repair' antitrust class actions

A new antitrust class action has been filed against Tesla (NASDAQ: TSLA) accusing the company of unlawfully curbing competition for maintenance and replacement parts, which the lawsuit claims has resulted in exorbitant prices and long wait times for repairs.

The lawsuits, filed on Tuesday and Wednesday in federal court in San Francisco, allege that Tesla designed its electric... More

Morgan Stanley examines possibility of a Tesla (TSLA) made heat pump for homes

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla Inc. (NASDAQ: TSLA) after examining the companys potential future role in making heat pumps for homes.

Analyst, Adam Jonas wrote in a note, During the March 1st Investor Day, Tesla laid out Master Plan 3roadmap to a fully electric economy. Baked into the plan was replacing furnaces with heat pumps in homes, businesses and industrial end markets underpinned by the heat pump's ability to be powered by renewable energy and their superior energy... More

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

Tesla (TSLA) stock cut at Wolfe as SVB collapse likely to worsen macro for EVs

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

While the analyst remains positive on Teslas long-term opportunity and impressive cost trajectory, he is growing increasingly concerned about macro challenges facing the electric vehicle (EV) maker.

Tesla has already had to cut prices quite a bit... More

Active options: TSLA AAPL NVDA BAC AMZN AMD COIN SOFI

Active options: TSLA AAPL NVDA BAC AMZN AMD COIN SOFI

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

Musk exercises options to buy 10,500 Tesla (TSLA) shares - filing

Elon Musk, CEO of Tesla (NASDAQ: TSLA), disclosed yesterday that he acquired 10,500 shares of the electric vehicle (EV) company after exercising stock options on March 8.

Musk acquired 5,250 Tesla shares at a conversion price of $2.79 and an additional 5,250 at a price of $6.67 on... More

Elon Musk exercises options to acquire 10,500 Tesla shares - filing

(Reuters) - Tesla Inc Chief Executive Officer Elon Musk has exercised options to acquire 10,500 shares of the electric-vehicle maker, U.S. securities filing showed on Friday.

(This story has been corrected to say that Musk has exercised option to buy Tesla shares and removes reference to $50,000 in headline and paragraph 1)

Active options: TSLA AAPL NVDA BAC AMZN AMD COIN SOFI META

Active options: TSLA AAPL NVDA BAC AMZN AMD COIN SOFI META

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

Tesla (TSLA) Outperforms Nasdaq, Up 2.3%

Tesla (NASDAQ: TSLA) Outperforms Nasdaq, Up 2.3%

Tesla (TSLA) recruits Asian partners to address battery concerns

An 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

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

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

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

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

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