Stricter EV tax credit rules to take effect on April 18

Stellantis (STLA) and BMW in talks with Panasonic to build battery plants

April 4, 2023 3:21 PM EDT

The Wall Street Journal reports Tuesday, citing people familiar with the matter, that Stellantis (NYSE: STLA) and BMW are in talks with Panasonic about teaming up to build electric vehicle battery plants in North America.

Stellantis, the world's third-largest automotive group by... More

CFRA remains bullish on Ford (F) as the company reports 'a strong start in '23'

April 4, 2023 12:44 PM EDT

CFRA reiterated a Buy rating and $16.00 price target on Ford Motors (NYSE: F) after the American automaker reported a 10.7% Y/Y increase in 1Q U.S. auto sales. CFRAs adjusted EPS estimates are unchanged.

Garrett Nelson, vice president at CFRA wrote in a note, Ford's U.S.... More

Ford (F) reports 456,972 U.S. vehicle sales in 1Q to become America’s best selling brand

April 4, 2023 12:28 PM EDT

Ford (NYSE: F) reported Tuesday that the automaker sold 456,972 vehicles in the 1Q, an increase of 10.7% compared to the same time last year.

Sales surged across Fords areas of strength, with EVs growing 41.0% in the first quarter on sales of 10,866 electric vehicles. F-150 Lightning sales totaled 4,291 pickups with production capacity actions on track to hit an annual production run rate... More

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

Rivian (RIVN) expects to meet 50k unit goal in 2023

April 3, 2023 10:03 AM EDT

Electric automaker, Rivian (NASDAQ: RIVN) announced Monday that the company delivered 7,946 vehicles in the quarter ended March, compared with estimates of 7,090 vehicles. It delivered 8,054 vehicles in the fourth quarter.

However, Rivian's production of 9,395 vehicles at its facility in Normal, Illinois in the... 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

CFRA Upgrades Tesla (TSLA) to Strong Buy

March 31, 2023 1:44 PM EDT

CFRA analyst Garrett Nelson upgraded Tesla (NASDAQ: TSLA) from Buy to Strong Buy with a price target of $275.00 (from $250.00).

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $195.28 yesterday.

... More

Tesla (TSLA) jumps 5% into weekend Q1 delivery numbers

March 31, 2023 1:41 PM EDT

Tesla (NASDAQ: TSLA) stock is gaining nearly 5% Friday into Q1 delivery data due this weekend:

The consensus is ~430,000 EV units.Deutsche Bank recently trimmed their estimates to 415,000 units but remains bullishBaird models 403,000 units but remains bullish on the... More

Midday movers: Virgin Orbit, Bed Bath&Beyond, Tesla and more

March 31, 2023 1:14 PM EDT

By Liz Moyer

Investing.com -- Stocks were rising as investors looked to end the first quarter on an upbeat note after a volatile March. Here are the midday movers for March 31.

Virgin Orbit Holdings Inc (NASDAQ: VORB) shares fell 30%... More

GM and Google (GOOGL) partner to phase out Apple (APPL) CarPlay in EVs

March 31, 2023 12:07 PM EDT

General Motors (NYSE: GM) is making the decision to phase out its widely-used Apple (NASDAQ: APPL) CarPlay and Android systems, shifting instead to built-in infotainment systems developed with Google for future electric vehicles. Apple CarPlay and Android Auto systems allow users to mirror their smartphone screens in a vehicle's dashboard display.

As reported by Reuters, starting with the 2024 Chevrolet Blazer, GM is... More

Tesla (TSLA) call put ratio 1.4 calls to 1 put

March 31, 2023 10:55 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 63; 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

Tesla faces new race bias claims while a separate trial wraps up

March 31, 2023 10:53 AM EDT

By Daniel Wiessner

(Reuters) - Tesla Inc has been sued by a Black former general manager who says he was fired for pushing back against comments by his white supervisor that he claims were racist, the latest in a series of race bias cases against the world's most valuable automaker.

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 consideration for a promotion before having him fired on false pretenses on March 3.

A Tesla representative did not... More

General Motors (GM) option implied volatility into BofA Securities 2023 Automotive Summit

March 31, 2023 10:45 AM EDT

General Motors (NYSE: GM) 30-day option implied volatility is at 41; compared to its 52-week range of 31 to 60 into BofA Securities 2023 Automotive Summit.

... More

Stellantis (STLA) option implied volatility flat into New York Auto Show

March 31, 2023 10:43 AM EDT

Stellantis (NYSE: STLA) 30-day option implied volatility is at 35; compared to its 52-week range of 27 to 90 into start of New York Auto Show on April 7. Call put ratio 24 calls to 1 put.

... More

Ford Motor (F) 30-day option implied volatility at 38 into New York Auto Show

March 31, 2023 10:42 AM EDT

Ford Motor (NYSE: F) 30-day option implied volatility is at 38; compared to its 52-week range of 33 to 588 into start of New York Auto Show on April 7.

... More

GM plans to phase out Apple CarPlay in EVs, with Google's help

March 31, 2023 10:03 AM EDT

By Joseph White

DETROIT (Reuters) - General Motors plans to phase out widely-used Apple CarPlay and Android Auto technologies that allow drivers to bypass a vehicle's infotainment systems, shifting instead to built-in infotainment systems developed with Google for future electric vehicles.

Apple CarPlay and Android Auto systems allow users to mirror their smartphone screens in a vehicle's dashboard display.

GM's decision to stop offering those systems in future electric vehicles, starting with the 2024 Chevrolet Blazer, could help the automaker capture more data on how consumers drive and charge EVs.

GM is designing the on-board navigation and... More

Active options: TSLA AAPL NVDA AMD MU META AMZN BBBY BABA

March 31, 2023 9:53 AM EDT

Active options: TSLA AAPL NVDA AMD MU META AMZN BBBY BABA

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General Motors (GM) Enters Fourth Amended and Restated 5-Year Revolving Credit Agreement

March 31, 2023 9:25 AM EDT

General Motors (NYSE: GM) disclosed

On March 31, 2023, General Motors Company (GM) entered into a Fourth Amended and Restated 5-Year Revolving Credit Agreement, a Fifth Amended and Restated 3-Year Revolving Credit Agreement and a Fifth Amended and Restated 364-Day Revolving Credit Agreement, each with JPMorgan Chase Bank, N.A., as administrative agent, Citibank, N.A., as syndication agent, the other lenders named therein, and General Motors Financial Company, Inc. (collectively, the Facilities). The Facilities are unsecured and consist of a five-year $10 billion facility (the 5-year Facility), a three-year, $4.1 billion facility (the 3-Year Facility) and a 364-day, $2.0 billion facility (the 364-Day... 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

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

Canoo Inc. (GOEV) Tops Q4 EPS by 10c

March 30, 2023 4:44 PM EDT

Canoo Inc. (NASDAQ: GOEV) reported Q4 EPS of ($0.25), $0.10 better than the analyst estimate of ($0.35).

For earnings history and earnings-related data on Canoo Inc. (GOEV) click here.

... More

Active options: TSLA AMZN AAPL BABA NVDA INTC AMD META BAC

March 30, 2023 2:34 PM EDT

Active options: TSLA AMZN AAPL BABA NVDA INTC AMD META BAC

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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

Ford withdraws petition seeking U.S. approval to deploy self-driving vehicles

March 30, 2023 1:58 PM EDT

By David Shepardson

WASHINGTON (Reuters) -Ford Motor Co has withdrawn a petition seeking U.S. regulatory approval to deploy up to 2,500 self-driving vehicles annually without required human controls like steering wheels, according to a letter made public Thursday.

The automaker told the National Highway Traffic Safety Administration (NHTSA) it was no longer seeking approval for the petition it filed in July 2021, citing its decision to close its self-driving venture Argo AI last year.

"As evidenced by the... More

Ford (F) reopens lightning orders at increased price

March 30, 2023 12:23 PM EDT

Ford Motor Company (NYSE: F) announced Thursday that the American automaker is once again taking orders from reservation holders for the F-150 Lightning following February's production halt due to a battery issue.

The factory had been halted in February following an... More

General Motors (GM) option implied volatility flat as shares rally 2%

March 30, 2023 10:53 AM EDT

General Motors (NYSE: GM) 30-day option implied volatility is at 41; compared to its 52-week range of 31 to 60 as shares rally 2%.

... 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

Active options: TSLA AMZN AAPL MSFT NFLX AMD NVDA GOOGL INTC

March 30, 2023 9:44 AM EDT

Active options: TSLA AMZN AAPL MSFT NFLX AMD NVDA GOOGL INTC

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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

Ford (F) joins $4.5B EV battery plant project

March 30, 2023 7:58 AM EDT

American automaker, Ford (NYSE: F) announced alongside PT Vale Indonesia and China's Zhejiang Huayou Cobalt on Thursday that the companies have decided to partner in a $4.5 billion nickel processing plant in Indonesia.

The proposed high-pressure acid leaching (HPAL) plant will be located in Pomalaa in Southeast Sulawesi, where Vale operates a... 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

Stellantis (STLA) reaches layoff/hiring agreement with Italian metalworkers union

March 29, 2023 1:04 PM EDT

Italian metalworkers union announced Wednesday that they have reached an agreement with Stellantis (NYSE: STLA) for up to 120 layoffs through voluntary redundancies at the group's Atessa van-making plant in the central Abruzzo region.

The workers laid off will all be no... 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

Active options: TSLA AMZN AAPL NVDA MU LULU SHOP AMD

March 29, 2023 9:49 AM EDT

Active options: TSLA AMZN AAPL NVDA MU LULU SHOP AMD

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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

Needham positive ahead of Rivian’s (RIVN) 1Q delivery numbers

March 29, 2023 8:46 AM EDT

Needham reiterated a Buy rating and $26.00 price target on Rivian (NASDAQ: RIVN) ahead of the electric automakers 1Q delivery report. The automaker is expected to release its delivery numbers early next week.

Analyst, Chris Pierce pulled Kelly Blue book data, which pulls data from the state RMV, showing 1Q23 RIVN vehicle registrations above the consensus RIVN... 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

Needham & Company sees positive risk/reward on Rivian (RIVN) into 1Q delivery data

March 29, 2023 5:47 AM EDT

Needham & Company analyst Chris Pierce reiterated a Buy rating and $26.00 price target on Rivian Automotive Inc (NASDAQ: RIVN).

"We are positive on the risk/reward into RIVN 1Q delivery data, likely to be announced early next week... We look for... 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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