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

CFRA promotes Tesla (TSLA) to Strong Buy ahead of 1Q delivery numbers

March 31, 2023 3:20 PM EDT

CFRA upgraded Tesla (NASDAQ: TSLA) to a Strong Buy rating (From: BUY) and raised the price target on the stock to $275.00 (From $250.00) ahead of the electric vehicle giants 1Q delivery report. Tesla will be reporting its 1Q delivery units number likely this... More

XPeng (XPEV) plans rollout of driver assistance software to all Chinese cities by 2024

March 31, 2023 3:09 PM EDT

Chinese electric vehicle maker, XPeng (NYSE: XPEV) announced Friday that the automaker is upgrading its advanced driver assistance software and plans to make all of its functions available to drivers across China by 2024, as it seeks to gain an edge over U.S. rival Tesla... More

Tesla (TSLA) faces new racial bias claims

March 31, 2023 2:29 PM EDT

A new racial bias lawsuit has been filed against Tesla (NASDAQ: TSLA) by a worker who says he was fired for pushing back against comments by his white supervisor that he claims were racist.

John Goode, who oversaw a Tesla service center near Atlanta, filed a lawsuit in San Francisco federal court on Thursday claiming a regional manager blocked him from... More

Stricter EV tax credit rules to take effect on April 18

March 31, 2023 1:53 PM EDT

The U.S. Treasury unveiled Friday stricter electric vehicle tax rules that will reduce or cut tax credits on some zero-emission models but grants buyers another two weeks before the new requirements take effect.

The EV battery sourcing guidance issued Friday triggers new requirements for critical minerals and battery components and takes effect for vehicle purchases starting April 18.

The rules are aimed at weaning the United States off dependence on China for EV battery supply chains and part of President Joe Biden's effort to make 50% of U.S. new vehicle sales by 2030 EVs... More

Tesla’s (TSLA) Elon Musk plans first visit to China since COVID-19, seeks meeting with Premier

March 31, 2023 7:49 AM EDT

Reuters reports Friday, citing people familiar with the situation, that Tesla (NASDAQ: TSLA) CEO, Elon Musk is making plans to visit China as early as April, and is seeking a meeting with China's Premier Li Qiang. The exact timing of the visit is... More

Tesla (TSLA) recalls 35 electric semi trucks for defective parking brake

March 31, 2023 7:38 AM EDT

American electric automaker, Tesla Inc. (NASDAQ: TSLA) is recalling 35 2023 Tesla Semi trucks after it was found that the vehicles electronic parking brake valve module (PVM) may fail to move into the park position when the parking brake is activated.

It was found that the electronic... More

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

March 30, 2023 7:45 AM EDT

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

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

March 29, 2023 9:10 AM EDT

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

Wedbush Expecting a Good 1Q Delivery Number From Tesla (TSLA) With Annual Target Well Intact

March 29, 2023 8:36 AM EDT

Wedbush analyst Daniel Ives reiterated an Outperform rating and $225.00 price target on Tesla (NASDAQ: TSLA).

"Clearly since the Model Y/3 price cuts were implemented early this year demand has been robust during the course of 1Q led by the key China... More

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

March 29, 2023 8:24 AM EDT

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

Baird Reiterates Outperform Rating on Tesla (TSLA) Into Deliveries

March 29, 2023 6:58 AM EDT

Baird analyst Ben Kallo reiterated an Outperform rating and $252.00 price target on Tesla (NASDAQ: TSLA).

"Although sentiment (and share price) have improved from Q4, we still like the setup into deliveries and the remainder of the year. After negative estimate revisions and extreme... More

Active options: TSLA BABA AMC NVDA AAPL AMZN AMD BAC

March 29, 2023 4:57 AM EDT

Active options: TSLA BABA AMC NVDA AAPL AMZN AMD BAC

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Tesla (TSLA) is on pace for a record quarter - Electrek

March 28, 2023 3:28 PM EDT

Tesla (NASDAQ: TSLA) is on pace for a record quarter - Electrek

appears to be on pace for a record quarter for deliveries led by solid performance in the US, China, and Norway.... More

Active options: TSLA BABA AMC NVDA AAPL AMZN AMD BAC GOOGL

March 28, 2023 3:00 PM EDT

Active options: TSLA BABA AMC NVDA AAPL AMZN AMD BAC GOOGL

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CFRA initiates XPeng (XPEV) at Sell; sees Chinese competition rising aggressively

March 28, 2023 1:47 PM EDT

CFRA Research initiated coverage of XPeng Inc. (XPEV) with a Sell rating and an $8.00 price target on the stock as analyst, Aaron Ho sees competition in China rising aggressively in the next 2-3 years.

Ho Expects XPengs revenue momentum to sustain, driven by rising demand for electric vehicles.... More

Nio (NIO) launches partnership with Tibber

March 28, 2023 12:05 PM EDT

Chinese electric automaker, Nio (NYSE: NIO) announced today that it has launched its partnership with technology energy provider Tibber.

Tibber offers a range of services, including the Tibber app, which allows customers to track their energy usage, find real-time energy prices and control... More

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

CFRA Starts XPeng (XPEV) at Sell, 'We expect relatively small players like XPeng to face difficulties'

March 28, 2023 11:14 AM EDT

(Updated - March 28, 2023 11:24 AM EDT)

CFRA analyst Aaron Ho initiates coverage on XPeng (NYSE: XPEV) with a Sell rating and a price target of $8.00.

The analyst comments "Our 12-month target price of USD8 implies a 2023 consensus P/B of 3.4x. We expect... More

Active options: TSLA BABA NVDA CCL AAPL AMD META AMZN

March 28, 2023 9:46 AM EDT

Active options: TSLA BABA NVDA CCL AAPL AMD META AMZN

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Deutsche Bank Reiterates Buy Rating on Tesla (TSLA) Into Q1 Deliveries

March 28, 2023 9:41 AM EDT

Deutsche Bank analyst Emmanuel Rosner reiterated a Buy rating and $250.00 price target on Tesla (NASDAQ: TSLA) ahead of Q1 deliveries this coming weekend.

The analyst commented, "Tesla is slated to report 1Q23 deliveries and production figures this coming weekend, and we trim our 1Q deliveries estimate lower to 416k units... More

BYD FY Net Income 16.62B Yuan, Est. 15.98B Yuan - Bloomberg

March 28, 2023 8:44 AM EDT

BYD FY Net Income 16.62B Yuan, Est. 15.98B Yuan - Bloomberg

... More

Nio (NIO) begins trial operation of high-speed EV battery swap stations

March 28, 2023 8:00 AM EDT

Chinese electric vehicle company, Nio Inc. (NYSE: NIO) began trial operation of its faster, more efficient battery swapping stations in China on Tuesday in the companys push to make battery swapping a viable alternative to rapid-charging technology.

Nio's new Power Swap Station 3.0 holds the capacity to store up to 21 battery packs each... 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

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

March 28, 2023 7:26 AM EDT

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

Nio (NIO) signs 5yr deal with Wencan Group

March 27, 2023 2:09 PM EDT

According to a report by CnEVPost over the weekend, Chinese electric vehicle maker, Nio (NYSE: NIO) has entered into a strategic partnership with one-piece die-casting parts supplier Wencan Group.

According to the report, the two companies will collaborate on supply, low carbon, digitalization, and globalization to... 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

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

March 27, 2023 9:50 AM EDT

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

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

March 27, 2023 9:46 AM EDT

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

March 27, 2023 7:33 AM EDT

(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

March 27, 2023 6:32 AM EDT

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

March 27, 2023 6:06 AM EDT

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

March 27, 2023 5:50 AM EDT

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

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

March 27, 2023 5:25 AM EDT

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

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