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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