S&P 500 cuts losses, but Apple-led slip in tech weighs

Tesla (TSLA) to launch Powerwall 3

April 12, 2023 2:49 PM EDT

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

April 12, 2023 1:34 PM EDT

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

Waymo self-driving vehicles pull over in California due to fog

April 12, 2023 12:44 PM EDT

Waymo, the self-driving technology segment of Alphabet Inc (NASDAQ: GOOGL), said Wednesday that some of their vehicles in San Francisco encountered dense fog and briefly pulled over to the side of the road.

The incident occurred around 6AM Pacific time on... More

'Microsoft's stock has been on a tear', raised to $315 at Wedbush

April 12, 2023 9:03 AM EDT

Wedbush reiterated an Outperform rating on Microsoft (NASDAQ: MSFT) and raised their price target on the stock to $315.00 (From $290.00) following positive Azure checks on Redmond in the field.

Microsoft remains firmly on the Wedbush Best Ideas List following recent checks in the field. The checks have been positive around overall cloud deal flow and momentum for Redmond in the March quarter, despite Street fears with Wedbushs analysis that Nadella & Co. should be able to at least hit the low 30% Azure growth for the quarter.

Analyst Daniel Ives wrote... More

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

April 12, 2023 8:26 AM EDT

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

Alphabet’s (GOOGL) Waymo and Aurora (AUR) hit speed bump as union opposes safety exemption for driverless trucks

April 11, 2023 2:19 PM EDT

Alphabet's (NASDAQ: GOOGL) self-driving unit Waymo hit a speed bump on Tuesday after major transport union, the Federal Motor Carrier Safety Administration (FMCSA), voiced its opposition to a petition put forward by the tech company.

Waymo, alongside autonomous driving company Aurora (NASDAQ: AUR) are seeking an exemption from rules on warning devices for large... More

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

April 11, 2023 11:23 AM EDT

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

BofA clients sell US equities for the 2nd consecutive week, real estate leads outflows

April 11, 2023 11:04 AM EDT

BofA analyst Jill Carey Hall said Tuesday that last week, the firm's clients sold US equities (-$2.3B) for a second consecutive week.

The note on BofA's equity client flow trends reveals there were outflows from both single stocks and ETFs, which saw the first outflows since early... More

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

April 11, 2023 8:26 AM EDT

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

April 11, 2023 7:58 AM EDT

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

Snowflake (SNOW) and Microsoft (MSFT) Premarket Weakness Attributed to Midwest Boutique Comments

April 11, 2023 7:44 AM EDT

Snowflake (NYSE: SNOW) and Microsoft (NASDAQ: MSFT) Premarket Weakness Attributed to Midwest Boutique Comments.

Told comments circulating chat rooms starting around 630am eastern from reputable channel-check firm based in the Midwest.... More