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

Wood Mackenzie data shows Tesla (TSLA) missed solar roof deployment goals

Since the launch of the Tesla (NASDAQ: TSLA) Solar Roof in 2016, Wood Mackenzie estimates that approximately 3,000 Solar Roofs have been installed nationwide, missing Teslas stated goal of 1,000 installations per week.

According to analyst, Max Issokson, granular installation data surrounding the Tesla... More

BYD extends market lead in China after posting 4Q profit jump

Wang Chuanfu, Chairman of Chinese electric automaker BYD, told reporters in Hong Kong Wednesday that the company is large enough to shake off the impact of a bruising price war and faltering demand in China, after reporting an 11-fold increase in fourth-quarter profit.

The strong result came as... More

Wedbush expects good numbers ahead of Tesla (TSLA) 1Q delivery report

Wedbush reiterated an Outperform rating and $225.00 price target on Tesla Inc. (NASDAQ: TSLA) ahead of the electric automakers 1Q delivery report. Tesla will be reporting its 1Q delivery units number likely this weekend with all eyes on how demand is holding up in a shaky macro.

Analyst, Daniel Ives wrote in a note, Clearly since the Model Y/3 price cuts were implemented early this year... More

Tesla (TSLA) remains a favorite at Baird ahead of 1Q delivery numbers

Baird reiterated an Overweight rating and $252.00 price target on Tesla Inc. (NASDAQ: TSLA) ahead of the electric automakers 1Q23 delivery numbers.

After negative estimate revisions and worries surrounding demand, recent price decreases and anecdotal data on sales seem to have relieved some bearish sentiment.

The year is still early, but we continue to like the setup of the stock and believe bias for estimate... More

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

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

U.S. agency opens probe into 50,000 Tesla Model X vehicles over front seat belts

By David Shepardson

WASHINGTON (Reuters) -U.S. auto safety regulators said Tuesday they are opening a probe into 50,000 Tesla Model X vehicles after receiving two complaints reporting front seat belt failures.

The National Highway Traffic Safety Administration (NHTSA) said the preliminary evaluation covers 2022-2023 model year vehicles over reports... More

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

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

Active options: TSLA AAPL NVDA BAC FRC AMZN GOOGL MSFT CCL

Active options: TSLA AAPL NVDA BAC FRC AMZN GOOGL MSFT CCL

Tesla (TSLA): Morgan Stanley sees more EV price cuts as battery inventory swells

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA), noting risking China battery inventory which could mean more U.S. EV price cuts are coming.

Jonas commented, "In a globally connected auto industry,... More

Tesla (TSLA) PT Raised to $192 at Citi; stock already reflects some optimism

(Updated - March 27, 2023 7:38 AM EDT)

Citi analyst Itay Michaeli raised the price target on Tesla (NASDAQ: TSLA) to $192.00 (from $146.00) while maintaining a Neutral rating.

"Q1 auto gross margins will give us a first look at the impact of Teslas Q1 price-cuts. At this point were... More

Tesla (TSLA) stock: Barclays expects deliveries beat; sees more price cuts

Barclays analyst Dan Levy reiterated an Overweight rating and a $275.00 per share price target on Tesla (NASDAQ: TSLA) as the electric vehicle (EV) giant prepares to publish 1Q23 deliveries and production numbers.

Levy expects that Tesla will manage to deliver 425,000 EV units in Q1, which compares to 405,000 delivered for the same period last year and to the consensus of 420,000.

Concerns have built on... More

Tesla faces new race bias trial from employee whose $137 million verdict was cut

By Daniel Wiessner

(Reuters) - A trial kicked off in San Francisco federal court on Monday to determine how much money Tesla Inc must pay to a Black elevator operator whom a jury determined was subjected to severe racial harassment while working at the electric auto maker's flagship assembly plant.

A lawyer for plaintiff Owen Diaz told a jury during opening statements that the racist slurs, graffiti and threats his client faced were part of a "plantation mentality" at the Fremont, California factory where Black workers were treated as second-class citizens.

"You will conclude that Tesla's... More

Tesla (TSLA): Barclays expects 1Q deliveries beat

Barclays analyst Dan Levy reiterated an Overweight rating and $275.00 price target on Tesla (NASDAQ: TSLA). Key takeaways from his note:

1) "Expect 1Q deliveries beat, 425k vs cons. 420k; beat could be +ve catalyst;

2) Expect 1Q production 430k;

3) Inventory likely to remain... More

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Active options: TSLA NVDA AAPL AMZN NFLX BAC FRC ATVI AMD META

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

LG Energy CEO Kwon Young Soo announced Friday that the South Korean battery giant has entered into talks with Toyota Motors (NYSE: TM) in the hopes of supplying the automaker with EV batteries.

When asked about the negotiation progress with... More

LG revives Arizona battery factory with $5.6b investment

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

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

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

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

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Active options: TSLA NFLX NVDA AMZN AAPL META BABA AMD

UBS survey shows slowing pace of EV sector

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

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

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