LG Energy in talks with Toyota (TM) to supply EV batteries

Deutsche Bank cuts estimates ahead of Tesla’s (TSLA) 1Q report

March 28, 2023 11:37 AM EDT

Deutsche Bank reiterated a Buy rating and $250.00 price target on Tesla Inc. (NASDAQ: TSLA) ahead of the electric automakers 1Q23 delivery and production numbers, which are expected to be reported this weekend.

Deutsche Bank trimmed their 1Q delivery estimate lower to 416k units (+34% YoY, +3% QoQ), reflecting the continued uncertainty in the macro environment after the price cuts, as well as competitive pricing responses in China. They estimate Tesla delivered... More

Honda (HMC) recalls over 300,000 vehicles as side-view mirrors may fall off

March 28, 2023 8:11 AM EDT

Honda Motor Co., Ltd. (NYSE: HMC) is recalling more than 330,318 vehicles because heating pads behind both side-view mirrors may not be bonded properly, which could lead to the mirror glass falling out and increase the risk of a crash.

Vehicles included in the recall are... More

NHTSA opens probe into 50,000 Tesla (TSLA) Model X EVs over seat belts

March 28, 2023 7:37 AM EDT

The National Highway Traffic and Safety Association (NHTSA) announced Tuesday that the U.S. regulator has opened a probe into 50,000 Tesla (NASDAQ: TSLA) Model X vehicles after receiving two complaints reporting front seat belt failures.

The preliminary evaluation covers 2022-2023 model... More

Morgan Stanley remains bullish on Tesla (TSLA); 'We're prepared for more EV price cuts'

March 27, 2023 10:13 AM EDT

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA) as Chinese battery analyst, Jack Lu notes a continued rise in domestic EV battery inventory.

According to Lu, domestic EV battery inventory continued to rise to ~152GWh at the end of... More

LG revives Arizona battery factory with $5.6b investment

March 24, 2023 2:00 PM EDT

LG Energy Solutions, the worlds third-ranked electric vehicle battery maker, announced Friday that the company will resume a stalled U.S. battery project with a $5.6 billion investment in Arizona to qualify for federal incentives rolled out under the Inflation Reduction Act (IRA).

The battery maker said in June it was reassessing what was then a 1.7 trillion won ($1.3 billion) investment plan because of "unprecedented" economic conditions, just three months after it was... More

Tesla (TSLA) losing momentum as retail investors pull away

March 24, 2023 12:26 PM EDT

According to data from Vanda Research, as of Wednesday, Net daily purchases of Tesla shares by individuals have fallen by about three-fourths from a peak of $436 million on March 1. Retail traders whose purchases have helped push the electric-vehicle makers stock up over 50% in 2023 are pulling back this month amid disappointment over a recent investor day and concerns over the health of... More

Tesla (TSLA) rolls out safety score 2.0

March 24, 2023 12:07 PM EDT

In October of 2021, Tesla (NASDAQ: TSLA) began a wide release of its FSD beta, only accessible to Tesla drivers who achieved a 100/100 on a proprietary safety scoring system. However, in November 2022, the FSD beta was opened to all North American owners who had purchased the option, regardless of safety score. Now the safety score is mainly used by the company to determine monthly premiums for its Tesla Insurance.

Friday, Tesla launched its Safety Score 2.0, a new version... More

Volkswagen down after Stifel downgrade, citing lack of catalysts

March 24, 2023 11:07 AM EDT

By Geoffrey Smith 

Investing.com -- Volkswagen (ETR:VOWG_p) stock fell to a 2023 low on Friday after analysts at Stifel took an ax to their target price for the German carmaker, saying it had run out of catalysts.

Stifel cut its recommendation to neutral and nearly halved its target price to 149 from 295, expressing disappointment at its failure to re-rate after the spin-off of Porsche, and acknowledging heavier investment spending requirements in the future, including M&A-related. The... More

Active options: TSLA NFLX NVDA AMZN AAPL META BABA AMD

March 24, 2023 9:49 AM EDT

Active options: TSLA NFLX NVDA AMZN AAPL META BABA AMD

... More

UBS survey shows slowing pace of EV sector

March 24, 2023 7:38 AM EDT

UBS conducted the seventh wave of its annual UBS Evidence Lab EV consumer survey with results showing 46% of consumers are likely to consider buying a fully electric car (BEV), a 3%-pts decrease y/y, marking the first sequential decline since the surveys inception in 2016. Analyst Patrick Hummel believes that the decline was driven by European markets on affordability concerns.

Hummel wrote in a note, While we... More

Tesla (TSLA) remains brand leader in UBS EV consumer survey

March 24, 2023 7:25 AM EDT

UBS reiterated a Buy rating and $220.00 price target on Tesla, Inc. (NASDAQ: TSLA) following the seventh wave of the UBS Evidence Lab EV consumer survey.

The survey, which included over 10k participants, shows that 46% of consumers are likely to consider buying a fully electric car (BEV), a 3%-pts decrease y/y. This is the first sequential decline since the surveys... More

Tesla (TSLA) best positioned to master upcoming industry shake-out - UBS

March 24, 2023 6:34 AM EDT

UBS analyst Patrick Hummel reiterated a Buy rating and $220.00 price target on Tesla (NASDAQ: TSLA).

"Despite a plethora of BEV launches, legacy mass OEMs are the relative losers in this year's survey. In a market that is no longer supply constrained, technology and... More

Active options: TSLA NVDA SQ COIN AAPL NFLX AMD AMZN BABA

March 23, 2023 9:45 AM EDT

Active options: TSLA NVDA SQ COIN AAPL NFLX AMD AMZN BABA

... More

Tesla (TSLA) expects to lose tax credit on standard Model 3

March 23, 2023 7:53 AM EDT

Electrek reports Thursday, citing people familiar with the matter, that Tesla (NASDAQ: TSLA) told employees they expect to lose the full $7,500 federal tax credit on their cheapest electric car, the Model 3 Standard range.

The communication to employees appears to have been done to prepare buyers of those vehicles,... More

Tesla (TSLA) expects to lose full $7,500 tax credit on its cheapest electric car - electrek

March 23, 2023 6:28 AM EDT

Tesla (NASDAQ: TSLA) expects to lose full $7,500 tax credit on its cheapest electric car - electrek

"Now Electrek has learned from sources familiar with the matter that Tesla has communicated to employees that it expects the IRS to release the... More

Tesla (TSLA) 30-day option implied volatility at 66

March 23, 2023 4:22 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 66; compared to its 52-week range of 49 to 96.

... More

Active options: TSLA NVDA AAPL GME AMD GOOGL AMZN BAC AMC MSFT

March 23, 2023 3:33 AM EDT

Active options: TSLA NVDA AAPL GME AMD GOOGL AMZN BAC AMC MSFT

... More

Baidu’s (BIDU) Apollo gains approval to test autonomous vehicles in Shanghai

March 22, 2023 2:00 PM EDT

Apollo, Baidus (NASDAQ: BIDU) smart car business, announced Wednesday that the Chinese tech giant has received approval to be among the first companies to test fully autonomous vehicles in Shanghai.

Apollo currently operates driverless robotaxi services in specially designated areas of... More

GM must face class actions over defective transmissions -judge

March 22, 2023 11:22 AM EDT

By Jonathan Stempel

(Reuters) - A federal judge in Detroit certified class actions for drivers in 26 U.S. states who accused General Motors Corp of producing faulty transmissions for about 800,000 vehicles from the 2015 to 2019 model years.

Monday's decision by U.S. District Judge David Lawson covers several Chevrolet and GMC trucks and SUVs, several Cadillac models, and the Chevrolet Corvette and Camaro, equipped with 8L45 or 8L90 eight-speed automatic transmissions.

Drivers said the... More

Active options: TSLA GME NVDA AAPL LAZR AMC GOOGL AMD NKE

March 22, 2023 9:51 AM EDT

Active options: TSLA GME NVDA AAPL LAZR AMC GOOGL AMD NKE

... More

VW aiming for 3M small EVs produced in Spain between 2025-2030

March 22, 2023 8:48 AM EDT

Wayne Griffiths, the chairman of Volkswagen's Spanish unit SEAT, said on Wednesday that the German carmaker plans to produce 3 million small electric vehicles at its two plants in Spain between 2025 and 2030.

Griffiths said in a news conference that SEAT aims to assemble 500,000 electric cars a year in the... More

Stellantis (STLA) and Credit Agricole sign agreement to acquire activities of ALD and LeasePlan

March 22, 2023 8:26 AM EDT

Stellantis (NYSE: STLA) and Crédit Agricole Consumer Finance announced Wednesday that they have entered into a binding agreement for the acquisition of ALD and LeasePlans activities in Portugal and Luxembourg, respectively, following ALDs proposed acquisition of 100% of LeasePlan announced in January 2022.

The announcement follows the partnership agreements between Stellantis and Crédit Agricole Consumer Finance announced in... More

Stellantis (STLA) to invest €130M in German assembly plant

March 22, 2023 8:14 AM EDT

Stellantis (NYSE: STLA) announced Wednesday that the American automaker will invest over 130 million in the Eisenach Assembly Plant in Germany to add production of the BEV successor vehicle to the Opel Grandland compact SUV currently built at the location. The new vehicle will be built on the all-new STLA Medium platform. Production of the new BEV is scheduled to begin in the second half of 2024.

Eisenach, our most compact plant in Germany, has demonstrated a strong drive in quality improvements, said Arnaud Deboeuf,... More

Nike, First Republic and Luminar fall premarket; GameStop, Virgin Orbit soar

March 22, 2023 8:14 AM EDT

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, March 22nd. Please refresh for updates.

First Republic Bank (NYSE: FRC) stock fell 5.3% ahead of the Fed rate decision even as negotiators in Washington and on Wall Street discuss potential government... More

Stellantis (STLA) and Credit Agricole JV to Acquire Activities of ALD in Portugal and LeasePlan in Luxembourg

March 22, 2023 5:56 AM EDT

Stellantis and Crédit Agricole Consumer Finance Joint Venture Plans to Acquire Activities of ALD in Portugal and LeasePlan in Luxembourg

NewCo, resulting from the consolidation of Leasys and Free2move Lease and owned equally by Stellantis and Crédit Agricole... More

Stellantis (STLA) to Invest EUR 130M in Eisenach Assembly Plant

March 22, 2023 5:53 AM EDT

Stellantis Invests 130 Million in Eisenach Assembly Plant in Germany for Electric Opel Grandland Successor

New battery electric vehicle (BEV) production on the STLA Medium platform set to launch in the second half of... More