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

Tesla hit with 'right to repair' antitrust class actions

By Mike Scarcella

(Reuters) - Tesla Inc has been sued in a pair of proposed antitrust class actions accusing the company of unlawfully curbing competition for maintenance and replacement parts for its electric vehicles, forcing owners to pay more and wait longer for repair services.

The lawsuits, filed on Tuesday and Wednesday in federal court in San Francisco, allege that Tesla designed its electric vehicles, warranties and repair policies to discourage owners and lessees from using independent shops outside of Tesla's control.

"Tesla needs to open up its ecosystem and allow competition for the servicing of... More

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Active options: TSLA AAPL BAC NVDA META AMZN CS AMD MSFT

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

Morgan Stanley discusses whether Tesla (TSLA) will make a heat pump one day

Morgan Stanley analyst Adam Jonas weighs in on the debate if Tesla will make a heat pump after CEO Elon Musk shared more information about its strategy during the Investor Day.

"Tesla did not present any definite plans for a Tesla Heat Pump (HP) and we are... More

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Active options: TSLA AAPL NVDA AMC BAC META AMZN AMD SCHW MSFT MARA

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

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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

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

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