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

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

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Active options: TSLA META NVDA AAPL BAC MARA AMZN SCHW

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

A substantial majority of Morgan Stanley's survey respondents see Tesla stock outperforming Rivian and Lucid in 2023

Morgan Stanley analyst Adam Jonas' key Tesla takeaway from a survey focused on Rivian.

"A substantial majority (79%) of respondents believe Tesla will be the best performer (between RIVN, TSLA and LCID) through year-end."

For an analyst ratings summary and ratings history on Tesla... More

Tesla (TSLA): A bottom-up analysis of Tesla's addressable auto markets... Perhaps not as big as one might think - Bernstein's Sacconaghi

Bernstein analyst Toni Sacconaghi reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA).

"IHS estimates total vehicle sales last year were ~82M units, and we compute that Tesla's current addressable market is ~19M units... The market consists of 78.7M light... More

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Active options: TSLA BAC AAPL AMZN NVDA SCHW COIN AMD C

Musk, China's BYD deny report on Tesla ending battery supply cooperation

SHANGHAI (Reuters) - Tesla Inc Chief Executive Elon Musk and Chinese electric vehicle and battery maker BYD Co Ltd on Tuesday denied a media report that said the U.S. company was ending cooperation with BYD on battery supplies.

The Korean Economic Daily on Sunday cited industry sources... More

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Active options: TSLA BAC AAPL AMZN NVDA SCHW COIN AMD C WFC

General Motors (GM) Hyundai in talks to acquire GM’s India plant

Hyundai Motor Co announced Monday that the Korean automaker has agreed to a potential acquisition of General Motors' (NYSE: GM) plant in India.

A final deal is subject to meeting certain conditions including obtaining "regulatory approvals from relevant government authorities and all... More

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Active options: TSLA BAC AAPL NVDA AMZN AMD COIN F MQ JPM

Ford Motor and GM 'continue to drive the core to future transition' - BofA

The General Motors (NYSE: GM) and Ford Motor (NYSE: F) restructuring plans are "chapters in Core to Future transition," BofA analyst John Murphy said in a note Monday.

The analyst, who maintained a Buy rating on both companies, stated that the plans were not big news but needed.

"In recent days, General Motors (GM) has provided additional color... 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

Wells Fargo, First Republic and Pfizer fall premarket; Seagen and Boeing rise

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, March 13th. Please refresh for updates.

Banking stocks fell sharply amid contagion worries, with Wells Fargo (NYSE: WFC) down 3.3%, JPMorgan... 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

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

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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)

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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

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

SVB Financial, Gap, Oracle and DocuSign fall premarket; Roblox rises

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, March 10th. Please refresh for updates.

SVB Financial (NASDAQ: SIVB) stock fell 44%, adding to Thursdays rout after the lender announced a $2.25 billion equity raise following the announcement of a $1.8B net loss and negative annual and first quarter guidance, hurt by the impact from higher interest rates.

Apple (NASDAQ:... More

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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