U.S. EPA to propose new vehicle emission cuts, expects big EV push

Chinese vehicle sales fall flat in March as price war continues

The China Passenger Car Association (CPCA) released data Monday showing growth in vehicle sales was flat in March compared to a year earlier. According to the CPCA, car sales in March were 1.61 million units. In the first three months, sales had fallen 13.4% to 4.33 million units.

Sales of new energy vehicles (NEVs), which include pure battery electric cars and plug-in hybrids, rose 21.9% in March and accounted... More

Tesla (TSLA) prepares for 2023 Cyber Roundup shareholder meeting on May 16

Electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) will hold its 2023 Annual Shareholder Meeting (also known as the 2023 Cyber Roundup) on Tuesday, May 16 at 4 PM CT at its Gigafactory in Texas.

This years annual meeting features the potential return of the companys former Chief Technology Officer JB Straubel. The former CTO has been nominated to become a member of Teslas Board of Directors. Straubel is considered one of the companys co-founders and has been... More

BYD launches new chassis suspension system in effort to move upmarket

Chinese automaker, BYD on Monday announced the launch of their new chassis suspension system as the electric vehicle maker ramps up efforts to move upmarket with premium products.

The BYD DiSus Intelligent Body Control System is similar to the chassis suspension systems available in premium and luxury... More

Tesla (TSLA) facing class action lawsuit over alleged privacy violations

San Francisco resident and Tesla (NASDAQ: TSLA) owner, Henry Yeh on Friday filed a lawsuit against the electric carmaker in a prospective class action case accusing the company of violating the privacy of customers.

The lawsuit in the U.S. District Court for the Northern District of California followed reports on Thursday that groups of Tesla employees privately shared via an internal messaging system sometimes highly invasive videos and images... More

Morgan Stanley views Tesla’s (TSLA) move for a new factory in Mexico as 'critical' to diversify supply chain; Reiterates outperform

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA) after spending a week in Mexico meeting with corporates and policy makers. According to analyst Adam Jonas, Tesla's newest destination, Nuevo Leon Mexico, is critical to the company's continuing efforts to... More

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

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

Biden to propose toughest-ever auto-emissions rules to spur EVs - Bloomberg

Biden to propose toughest-ever auto-emissions rules to spur EVs:

Tesla (TSLA) employees shared sensitive images recorded by customer vehicles: 'It was a breach of privacy'

A special story by Reuters Thursday reports that between 2019 and 2022, Tesla (NASDAQ: TSLA) employees privately shared videos and images, some of them highly invasive, recorded by customers car cameras.

Some of the recordings caught Tesla customers in embarrassing situations. One ex-employee described a video of a man approaching a vehicle completely naked.

Tesla assured its electric car owners that their privacy is and will always be enormously important to us. The cameras it builds into vehicles to assist driving, it notes on its website, are designed from the ground up to protect your... More

Active options: TSLA AMC NVDA AMZN AAPL AMD MU GOOGL AI GOOG

Active options: TSLA AMC NVDA AMZN AAPL AMD MU GOOGL AI GOOG

Tesla (TSLA) option implied volatility flat as shares near a two-week low

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 64; compared to its 52-week range of 49 to 96 as shares near a two-week low.

Li Auto (LI) backed tech startup iMotion files for Hong Kong IPO

iMotion Automotive Technology, a Chinese driving technology startup backed by electric vehicle maker Li Auto (NASDAQ: LI) has filed for an initial public offering in Hong Kong and is said to be looking to raise up to US$300 million (HK$2.33 billion).

Established in... More

Ford (F) unveils new EV courier van aimed at European markets

American automaker, Ford Motor Company (NYSE: F) unveiled a new electric Courier van aimed at winning business customers in Europe, and boxing out electric van startups.

The electric Courier, which will launch next year, is part of a revamped lineup of smaller,... More

Ford aims a new electric van at European cities - and startups

By Joseph White

DETROIT (Reuters) - Ford Motor Co unveiled a new electric Courier van aimed at winning business customers in Europe, and boxing out electric van startups such as Arrival SA.

The electric Courier is part of a revamped lineup of smaller, commercial vans for the European market that will also include gasoline and diesel models, Ford said. The new Courier... More

Stellantis NV (STLA:IM) (STLA) PT Raised to EUR21 at Goldman Sachs

Goldman Sachs analyst George Galliers raised the price target on Stellantis NV (STLA:IM) (NYSE: STLA) to EUR21.00 (from EUR19.00) while maintaining a Buy rating.... More

Rivian Automotive (RIVN) Hires Mike Johnson as Chief Information Security Officer

Rivian Automotive, Inc. (NASDAQ: RIVN) today announced it has hired Mike Johnson as its Chief Information Security Officer (CISO). Johnson joins Rivian from Fastly where he was CISO for over 3 years, securing the network and platform of the edge cloud company.

Johnsons cybersecurity career spans more than 25 years, starting with prototyping intrusion detection... More

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

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

Stallantis' (STLA) Jeep brand adds cheaper plug-in hybrid to 4xe lineup

Stellantis NYSE: STLA) owned Jeep revealed their 2024 Wrangler portfolio at the New York International Auto Show on Wednesday. The list included a collection of off-roaders with new capabilities and features, including another plug-in hybrid electric vehicle (PHEV).

Jeep that said it will add the 2024 Jeep Wrangler Sport S 4xe to its lineup, an entry level plug-in hybrid that could help... More

Chrysler parent Stellantis (STLA) unveils new Ram EV pickup truck

American automaker, and parent company of Chrysler, Stellantis (NYSE: STLA) unveiled its new electric Ram pickup truck on Wednesday. The truck is poised to debut on the market late in 2024 as a key part of the automaker's strategy to electrify its vehicle lineup.

The... More

GM Defense (GM) Receives Full-Rate Production Decision from U.S. Army for Infantry Squad Vehicle Program

GM Defense LLC

, a subsidiary of General Motors, said today that the U.S. Army provided a full-rate production decision for the Infantry Squad Vehicle (ISV). GM Defense won the initial $214.3 million contract to develop the light and agile all-terrain troop carrier to transport a nine-Soldier infantry squad and their equipment in June 2020.

"I'm proud of the GM Defense team for reaching this important milestone in the Infantry Squad Vehicle program and am thankful for the close relationship we maintain with our trusted... More

Tesla (TSLA) 30-day option implied volatility flat at 64

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 64; compared to its 52-week range of 49 to 96.

Active options: TSLA NVDA AAPL AMD AMZN GOOGL AMC GOOG PLTR

Active options: TSLA NVDA AAPL AMD AMZN GOOGL AMC GOOG PLTR

UK EV sales reach record highs in best month ever

The Society of Motor Manufacturers and Traders (SMMT) released data Wednesday that showed new car registrations jumped to 287,825 units as supply chain challenges continued to ease, making the first quarter of 2023 the strongest three-month period since 2019. Battery electric vehicle (BEV) sales reached a record monthly high of 46,626, representing 18.6% year-on-year... More

Ford (F) confirms its EVs and hybrids are eligible for IRA subsidy packages

Ford (NYSE: F) announced Wednesday that all three of the American automakers electric vehicles and plug in hybrids are eligible for Inflation Reduction Act (IRA) federal tax credits in 2023. The company's Mustang Mach-E electric SUV will be eligible for a $3,750 credit, while the... More

GM cuts 5000 jobs in move that will save $1B

General Motors (NYSE: GM) announced Tuesday that around 5000 salaried workers took buyouts to leave the company as part of a cost cutting move that, according to CFO Paul Jacobson, will save the company $1 billion on an annual basis.

The voluntary buyouts cover 6% of GMs 81,000 white-collar employees and should allow the Detroit automaker to avoid involuntary dismissals, Jacobson said Tuesday. The cuts should... More

Ford, Stellantis says new rules will cut EV tax credits for most models

By David Shepardson and Nathan Gomes

NEW YORK (Reuters) -Ford Motor Co and Chrysler-parent Stellantis said on Wednesday that most of its electric and plug-in electric hybrid models will see tax credits halved to $3,750 on April 18 after new U.S. Treasury rules take effect.

The rules, which were unveiled Friday, were mandated by Congress in August as part of a $430 billion climate bill. China dominates the global supply chains of products like EV batteries and solar panels and the rules are aimed at moving U.S. battery production and supply chains away from China.

Out of... More

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

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

Midday movers: AMC Entertainment, Virgin Orbit, General Motors and more

By Liz Moyer

Investing.com -- Stocks were lower on Tuesday as reports on job openings and factory orders for February came in weaker than expected. Here are the midday movers for April 4.

Active options: TSLA AMC AAPL AMZN NVDA BAC AI META MSFT GOLD

Active options: TSLA AMC AAPL AMZN NVDA BAC AI META MSFT GOLD

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

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

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

CFRA Reiterates Buy Rating on Ford (F) Following Q1 Sales Numbers

CFRA analyst Garrett Nelson reiterated a Buy rating and $16.00 price target on Ford (NYSE: F) following Q1 sales data.

The analyst commented, "We maintain our 12-month target of $16, based on a '24 P/E of 8.2x and in line with F's five-year average forward P/E. Our adjusted EPS... More

Tesla to warn of data privacy risk from car security cameras in Germany

By Victoria Waldersee

BERLIN (Reuters) - Tesla will warn that its 'sentry mode', which records a car's surroundings, risks infringing data privacy laws in Germany after consumer group vzbv sued the manufacturer for failing to mention this in advertising.

The case is the latest in a series of disputes in countries from China to the Netherlands over the cameras in Tesla cars, which... More

Lucid Group (LCID) 30-day option implied volatility at 84

Lucid Group (NASDAQ: LCID) 30-day option implied volatility is at 84; compared to its 52-week range of 70 to 172.

Active options: TSLA AAPL NVDA GOOG SNOW AMZN META AI BABA ZIM GOOG

Active options: TSLA AAPL NVDA GOOG SNOW AMZN META AI BABA ZIM GOOG

Ford's quarterly US auto sales jump 10.1% on pent-up demand, easing supply

By Nathan Gomes

(Reuters) -Ford Motor Co posted a 10.1% rise in first-quarter U.S. auto sales on Tuesday, fueled by pent-up demand for electric vehicles, SUVs and trucks amid easing supply chain disruptions.

The Detroit automaker joins other global rivals in reporting a rise in sales, as the industry was able to get more of their vehicles to dealers and customers on time in the quarter.

Automakers are reporting upbeat... More

Ford Motor (F) US 1Q Sales Increase 10.1% - Bloomberg

Ford Motor (NYSE: F) US 1Q Sales Increase 10.1% - Bloomberg

Virgin Orbit, AMC Entertainment and Ncino fall premarket; Etsy rises

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, April 4th. Please refresh for updates.

Virgin Orbit (NASDAQ: VORB) stock slumped 24% after Richard Bransons cash-strapped space-launch firm filed for Chapter 11 bankruptcy in a court in the U.S. state of... More

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

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

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

Bill Gates says calls to pause AI won't 'solve challenges'

By Jennifer Rigby

LONDON (Reuters) - Calls to pause the development of artificial intelligence will not solve the challenges ahead, Microsoft co-founder Bill Gates told Reuters, his first public comments since an open letter sparked a debate about the future of the technology.

The technologist-turned-philanthropist said it would be better to focus on how best to use the developments in AI, as it was hard to understand how a pause could work globally.

His interview with Reuters comes... More

Morgan Stanley on Tesla (TSLA): More price cuts needed

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA).

"Given the slowing economic environment, increased pressure on financial institutions willingness to lend, and competition (BYD and others), we believe Tesla and its EV competition may... More

Tesla delivers 88,869 China-made EVs in March - CPCA

(Reuters) - Tesla sold 88,869 units of China-made electric vehicles (EV) in March for both domestic sales and exports, up 35.0% from a year ago, data published by the China Passenger Car Association (CPCA) showed on Tuesday.

That was up 19.4% from February, when the U.S. electric car maker delivered 74,402... More

Tesla (TSLA)option implied volatility flat at 62

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 62; compared to its 52-week range of 49 to 96 into the expected release of quarter results on April 19.