Chinese vehicle sales fall flat in March as price war continues

Tesla (TSLA) to launch Powerwall 3

An exclusive report by Fred Lambert of Electrek.co reports that Tesla (NASDAQ: TSLA) is preparing to launch its third-generation home battery pack named Powerwall 3.

Tesla launched its first-generation Powerwall back in 2015 and it almost... More

Zeekr launches compact electric SUV, targets European market

Chinese electric vehicle maker Zeekr announced Wednesday that the automaker launched a compact, all-electric sport utility vehicle, as it targets a premium market in China that has been dominated by German automakers. The company also announced plans to offer the SUV-styled Zeekr X and its Zeekr 001 EV sedan in Western Europe, but would not disclose when that would be.

With a starting price of 189,800 yuan ($27,615.31) in China, the Zeekr X offers... More

Tesla (TSLA) plans to cut prices in Hong Kong by up to 14.7%

Electric vehicle maker, Tesla (NASDAQ: (TSLA) announced that it will adjust the prices of its Model 3 and Model Y vehicles in Hong Kong by up to 14%. The price adjustments will take place on April 15th.

The biggest price reduction in this price adjustment is Model 3 Performance. The "one-for-one"... More

House committee chair Gallagher 'concerned' by Tesla (TSLA) dealings with China

Mike Gallagher, a Republican representative from Wisconsin and chair of the U.S. committee on China voiced his concerns Monday evening about electric carmaker Tesla Inc's (TSLA.O) dependency on China.

The Chairperson said he would like to know how Tesla's CEO Elon Musk balances U.S. government support for Tesla and its operations in China. The statements came one day after the CEO announced in a tweet that Tesla plans to open a Megapack battery factory in Shanghai.

"I'm concerned about this,"... More

Canaccord remains bullish as Tesla (TSLA) continues price cuts and EPA proposes stricter regulations

Canaccord Genuity reiterated a Buy rating and $275.00 price target on Tesla (NASDAQ: TSLA) following the electric vehicle makers latest price cuts.

Analyst George Gianarikas wrote in a note, On Thursday, reports indicated that Tesla has again cut prices across all models sold in the U.S. The company has now cut prices 5 times since the... More

Tesla (TSLA) remains 'best pick' at Baird following price cuts

Baird reiterated an Outperform rating and $252.00 price target on Tesla (NASDAQ: TSLA), while continuing the company as their best pick, after the electric vehicle maker announced another round of price cuts with reductions of $1K for the Model 3, $2K for the Y, and $5K for the S/X.

Analyst Ben Kallo wrote in a note, US price cuts continue to make headlines with TSLA margins and macro uncertainty in focus. Despite this second round of... 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

U.S. stocks are falling on fears of more Fed rate hikes

By Liz Moyer

Investing.com -- U.S. stocks were falling on fear the latest job data will encourage the Federal Reserve to continue to raise interest rates.

At 9:55 ET, the Dow Jones Industrial Average was down 71 points or 0.2%, while the S&P 500 was down 0.7% and the NASDAQ Composite was down 1.2%.

U.S. stock markets were closed Friday when the jobs report for March came... More

Active options: TSLA AAPL AMZN MU AMC MSFT NVDA

Active options: TSLA AAPL AMZN MU AMC MSFT NVDA

NIO to halt free home charging points, limits free monthly battery swaps to four

Chinese electric vehicle startup, Nio (NYSE: NIO) announced Monday that the automaker will stop providing new buyers with free home charging points and will reduce the number of free battery swaps buyers can have to four a month.

The Shanghai-based automakers chief executive, Li Bin said at a press... More

Factbox-Tesla sets stage for annual shareholder meeting

(Reuters) - Tesla Inc has put up five proposals for vote at its annual shareholder meeting on May 16, including the nomination of co-founder JB Straubel to the electric-vehicle maker's board.

The proposals - disclosed in a filing on Thursday - also contain one investor resolution for the preparation of a key-person risk report from the company whose reliance on CEO Elon Musk has raised concerns.

Tesla shareholders usually vote largely in line with board recommendations. Last year, votes on only three of the 13 proposals went against the recommendations.

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

Tesla, Tupperware slip premarket; Pioneer Natural Resources rises

By Scott Kanowsky

Investing.com -- Stocks in focus in premarket trade on Monday, April 10th. Please refresh for updates.

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

Tesla (TSLA) stock dips as analysts warn price cuts will weigh on margins

Tesla (NASDAQ: TSLA) shares are moving lower in pre-market Monday after the electric vehicle (EV) maker delivered the fifth series of price cuts since January.

According to the companys website, Tesla slashed prices on the Model 3 sedan and Model Y crossover by $1,000 and $2,000, respectively. The EV maker also cut prices on both versions of its more expensive Model S and Model X by $5,000.

We continued to transition towards a more even regional mix of vehicle builds, including Model S/X vehicles in transit to EMEA and APAC, the company... More

Wells Fargo on Tesla (TSLA): We forecast auto gross margins miss the >20% target

Wells Fargo analyst Colin Langan reiterated an Equal Weight rating and $190.00 price target on Tesla (NASDAQ: TSLA).

"We forecast auto gross margins miss the >20% target. Key factors offsetting price cuts will be model & trim mix, fixed cost leverage, and improved cost absorption... More

Tesla (TSLA) to build a new Megapack battery factory in China

Tesla (NASDAQ: TSLA) will build a new megapack battery factory in Shanghai, China, the country's Xinhua agency reported over the weekend, as part of automaker's efforts to expand its presence in the country and meet the growing demand for renewable energy storage solutions.

The new factory... More

Wolfe Research Reiterates Peerperform Rating on Tesla (TSLA)

Wolfe Research analyst Rod Lache reiterated a Peer Perform rating on Tesla (NASDAQ: TSLA).

"Price Cuts in the US may raise questions about vehicle demand, but we see significant cost reduction ahead; New investments in Tesla Energy (Megapacks for Utilities) are likely... More

Citi sees 'less than compelling risk/reward' in Tesla (TSLA)

Citi analyst Itay Michaeli on Tesla (NASDAQ: TSLA) after the recent price cuts: "Teslas U.S. price cuts over the weekend (2-5%) didnt come as a major surprise but will place even greater emphasis on the Q1 auto gross margin outcome... More

China March Retail Passenger Vehicle Sales Up 0.3% Y/Y - Bloomberg

China March Retail Passenger Vehicle Sales Up 0.3% Y/Y - Bloomberg

Bernstein Reiterates Underperform Rating on Tesla (TSLA) as price cuts have and will undermine profitability

Bernstein analyst Toni Sacconaghi reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA).

"Make no mistake - the price cuts reflect Tesla's need to stimulate demand and are an explicit trade off of margins for volume. While many investors have... More

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

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

Tesla (TSLA) 30-day option implied volatility at 61

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 61; compared to its 52-week range of 49 to 96 into expected quarter results on April 19.

Tesla cuts US prices for fifth time since January - Reuters

Tesla cuts US prices for fifth time since January, according to a Reuters report.

Tesla To Build New Shanghai Plant For Megapack Battery - Xinhua

Tesla To Build New Shanghai Plant For Megapack Battery - Xinhua

Tesla nominates co-founder JB Straubel to board

By Hyunjoo Jin and Nivedita Balu

(Reuters) -Tesla Inc on Thursday nominated co-founder and former Chief Technology Officer JB Straubel to the board at a time when some investors have expressed concern about a lack of succession planning at the electric carmaker led by Chief Executive Elon Musk.

Tesla also named Tom Zhu, who led construction and operations of Tesla's Shanghai factory, as senior vice president for automotive operations. This makes him one of the four executive officers at Tesla, along with Musk, Chief Financial Officer Zachary Kirkhorn and powertrain head Andrew Baglino.

Some Tesla investors... More

Tesla (TSLA) board recommends voting to elect Elon Musk, Robyn Denholm and JB Straubel as Class I directors

Tesla (NASDAQ: TSLA) to hold 2023 Annual Meeting of Stockholders on Tuesday, May 16, 2023:

Three candidates have been nominated for election as Class I directors at the 2023 Annual Meeting for a three-year term expiring in 2026.

Upon recommendation of the Nominating and Corporate Governance... More

Tesla to use iron-based batteries in Semi electric trucks and affordable electric car

By Hyunjoo Jin and Paul Lienert

San Francisco (Reuters) - Tesla Inc said it plans to expand the use of cheaper, iron-based batteries to a version of its Semi heavy electric trucks and an affordable electric vehicle.

Tesla Chief Executive Elon Musk has championed on the lithium iron phosphate (LFP) battery technology dominated by Chinese suppliers, saying in March, "the vast majority of the heavy lifting for electrification will be iron-based cells."

But having Chinese suppliers build battery factories in the Unites States is a challenge because of the U.S.-China political... More

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

According to a Reuters report Thursday, the U.S. Environmental Protection Agency is set as early as next week to propose new rules to spur sweeping cuts in vehicle emissions. The new rules are expected to cover the 2027 through 2032 model years and will push automakers to dramatically expand electric... 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

Toyota Motor (7203:JP) (TM) PT Raised to JPY2,450 at JPMorgan

JPMorgan analyst Akira Kishimoto raised the price target on Toyota Motor (7203:JP) (NYSE: TM) to JPY2,450.00 (from JPY2,400.00) while maintaining a Overweight rating.... 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