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

Tesla (TSLA) reaches 88,869 Chinese deliveries in March

April 4, 2023 7:58 AM EDT

Electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) sold 88,869 units of China-made electric vehicles in March, according to data published by the China Passenger Car Association (CPCA) showed on Tuesday. That was up 35.0% from a year ago and 19.4% from February, when the U.S. electric car... More

Morgan Stanley says Tesla (TSLA) 'may require further price cuts' to reach delivery goals

April 4, 2023 7:47 AM EDT

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla Inc. (NASDAQ: TSLA) after the electric automaker reported 1Q delivery and production numbers.

Tesla delivered 423k units in the 1Q, in line with the company gathered consensus with a 4.3% increase over last quarter. 1Q deliveries annualize to just under 1.7mm units while 1Q production... More

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 (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

Tesla (TSLA) shares could fall as EV maker will 'struggle to meet 2024 expectations' - Bernstein

March 31, 2023 6:27 AM EDT

Bernstein analyst Toni Sacconaghi reiterated an Underperform rating on Tesla (NASDAQ: TSLA) and a $150 per share price target, which implies a downside risk of roughly 23% relative to yesterdays closing price.

The focus of Bernsteins research was the electric vehicle (EV) market in China, seen as the most important EV market globally.

Sacconaghi reminds investors that Tesla is losing market... More

Tesla (TSLA) to recall some Semi trucks over braking issue

March 31, 2023 6:19 AM EDT

Tesla (NASDAQ: TSLA) is recalling certain 2023 Semi trucks, according to the NHTSA. The electronic parking brake valve module (PVM) may fail to move into the park position when the parking brake is activated.

35 units are impacted by the recall.

... More

Tesla's Musk Plans China Visit in April, Seeks Meeting With Premier - Reuters

March 31, 2023 5:40 AM EDT

Tesla's Musk Plans China Visit, Seeks Meeting With Premier - Reuters

Elon Musk Plans Visit China As Early As AprilEelon Musk's Team Is Making Efforts To Set Up A Meeting For Him And Chinese Premier Li Qiang... More

Exclusive-Elon Musk plans China visit, seeks meeting with premier - sources

March 31, 2023 2:57 AM EDT

SHANGHAI/HONG KONG (Reuters) -Tesla Chief Executive Elon Musk is making plans to visit China as early as April and is seeking a meeting with China's Premier Li Qiang, two people with knowledge of planning for the trip told Reuters.

The exact timing of the visit is subject to Li Qiang's availability, one of the sources said.

Tesla and China's State Council Information Office did not immediately reply to requests for comment on Friday.

China is Tesla's second-largest market after the United States and its Shanghai plant is the electric carmaker's largest production hub.

... More

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March 30, 2023 2:34 PM EDT

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Hedge funds 'leaned more towards secular growth in January' - Jefferies

March 30, 2023 2:29 PM EDT

Jefferies analyst Steven DeSanctis said in a note to clients on Thursday that hedge funds leaned more towards secular growth in January.

"They increased weight to nearly 65% of portfolio, an OW of 21.8%, up from 17.1% last month," the analyst wrote, with the firm having assessed MSCI Hedge Fund data.

"Much of the increase in OW... More

Tesla (TSLA) Pursues Building Ev Battery Plant In US With China's CATL - Bloomberg

March 30, 2023 2:27 PM EDT

(Updated - March 30, 2023 2:33 PM EDT)

Tesla (NASDAQ: TSLA) is looking to build a battery plant in the US, according to a report from Bloomberg, citing people familiar with the matter.

Tesla discussed plans involving Contemporary Amperex Technology with the... More

Tesla (TSLA) call put ratio 1.4 calls to 1 put as shares rally 1%

March 30, 2023 10:25 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 64; compared to its 52-week range of 49 to 96 into reporting 1Q delivery units number. Call put ratio 1.4 calls to 1 put.

... More

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March 30, 2023 9:44 AM EDT

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Alibaba, RH and Charles Schwab fall premarket; Roku, Philip Morris rise

March 30, 2023 8:30 AM EDT

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, March 30th. Please refresh for updates.

Alibaba (NYSE: BABA) ADRs fell 1.4%, consolidating after recent gains, while Chinas biggest Internet... More

Tesla (TSLA) option implied volatility into reporting 1Q delivery units number

March 30, 2023 7:53 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 64; compared to its 52-week range of 49 to 96 into reporting 1Q delivery units number.

... 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

Tesla urges Model 3 buyers to 'take delivery' before expected tax credit reduction

March 30, 2023 6:29 AM EDT

By Scott Kanowsky

Investing.com -- Tesla Inc (NASDAQ: TSLA) is encouraging its customers to "take delivery now" of its popular Model 3 electric vehicle before an expected decline in a tax credit for buyers of the car at the end of March.

In an update to the U.S.... More

Tesla 2022 solar roof installations only 2% of last target - report; company denies

March 30, 2023 6:09 AM EDT

By Akash Sriram

(Reuters) -Elon Musk-led Tesla Inc has denied a Wood Mackenzie report that said it missed big on solar-roof installation targets due to stiff competition from GAF Energy and other rivals.

According to the industry analysis firm's report, Tesla's average installations per week were 21 in 2022, far lower than the company's 1,000-per-week target for 2021. Musk had not provided a forecast for 2022.

The first quarter of 2022, its best, saw 421 systems installed in total and 32 per week.

"This is incorrect by a large margin," Tesla said in a... More

Tesla expects reduced tax credit for Model 3 by March-end

March 30, 2023 1:47 AM EDT

(Reuters) - Tesla Inc said on Wednesday a $7,500 tax credit in place since January will be reduced for its Model 3 rear-wheel drive by March 31, subject to guidance due this week from the U.S. Treasury Department on the sources of battery components.

The Treasury Department is due to... More

Tesla (TSLA) option implied volatility into reporting its 1Q delivery units number

March 29, 2023 9:58 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 64; compared to its 52-week range of 49 to 96. Call put ratio 1.8 calls to 1 put into reporting its 1Q delivery units number.

... More

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March 29, 2023 9:49 AM EDT

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

March 29, 2023 9:24 AM EDT

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

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

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March 29, 2023 4:57 AM EDT

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