Zeekr launches compact electric SUV, targets European market

XPeng (XPEV) to present next-gen vehicle tech plans in live briefing ahead of Shanghai autoshow

Chinese electric automaker XPeng (NYSE: XPEV) announced today that the company will host a press briefing on Sunday, April 16, 2023, to present its next-generation vehicle technology architecture. In addition, the Company will debut its next production model at Auto Shanghai 2023 on Tuesday, April 18, 2023, with an... More

U.S. Senators question Tesla’s (TSLA) Elon Musk concerning the sharing of sensitive customer images by employees

An exclusive story by Reuters reports Friday that Two U.S. senators have written to Tesla (NASDAQ: TSLA) CEO Elon Musk, questioning him about the sharing by employees of sensitive images recorded by cameras in customers' vehicles.

"This apparent willful disregard for the privacy of Tesla customers is unacceptable and raises serious questions about Tesla's management practices," states the letter, which is signed by Senators Edward J. Markey and... More

Nissan seeks tech growth independent of Renault

An exclusive story by Reuters on Friday reports, citing seven people with knowledge of the matter, that Nissan is developing growth plans in areas such as software and electric vehicles (EVs) independent of Renault SA as the automakers work to finalize terms of the limited alliance.

According to the report, Nissan is seeking a partner outside the auto industry to develop software that connects vehicles to cloud-based services, two people involved in discussions said, without elaborating on candidates. That would address a relative weakness for Nissan as it tries to make cars "smarter and more connected", one of... More

Organizer plans show Tesla (TSLA) skipping Shanghai autoshow

The Shanghai autoshow, Chinas largest annual autoshow, begins next week. However, one of the biggest automakers in China will not be there. according to plans published by the event's organisers, electric vehicle giant Tesla (NASDASQ: TSLA) will not be occupying a booth this year.

China is set to host Auto... More

Tesla (TSLA) cuts prices in Europe, Singapore and Israel

Electric vehicle maker, Tesla Inc (NASDAQ: TSLA) on Friday slashed prices or its electric vehicles in Europe, Israel and Singapore. The cuts expand a global discount drive the company began in China in January while raising concerns about its industry-leading profit margin.

Tesla has lowered the price of... More

Brazilian Government offer fresh perks for a BYD plant as Ford talks stall

In February, the Brazilian government opened negotiations with electric automaker BYD in the hopes of reopening a factory that belonged to Ford (NYSE: F) in Camacari. Ford ended activities at the Camacari industrial complex in January 2021 following 20 years of operations.

However, as talks have stalled, a story from Reuters, citing unnamed sources, reports Thursday that... More

Enel X Way to Add 2M+ EV Charging Ports in North America by 2030

Energy transformation company, Enel X Way announced Thursday plans to add at least two million EV charge ports in North America across home, commercial and public charging segments by 2030. This target includes over 10,000 DC public charging stations in support of the National Electric Vehicle Incentive (NEVI) program in select... More

Alleged photos of Tesla's (TSLA) Model 3 'Project Highland' leaked online

Reports from late last year suggested that American electric vehicle maker Tesla (NASDAQ: TSLA) was working on a Model 3 refresh under the codename Project Highland. Over the months that followed, EV enthusiasts in the United States reported sightings of Project Highland units. In every instance, the front and rear ends of the Model 3 Project Highland vehicles were concealed.

However, an image posted on the r/TeslaMotors subreddit allegedly offers a first glimpse of a Tesla Model 3 Project Highland unit. Although the vehicle in the photo remains partially covered, its visible portions already... More

Morgan Stanley looks to Norway, says their EV market is 2 decades ahead of U.S.

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla Inc. (NASDAQ: TSLA) after The National Bureau for Statistics in Norway released their annual car park data. Morgan Stanley looks to Norway as the country is an estimated 19yrs ahead of the US with 79% EV sales penetration in 2022.

Analyst Adam Jonas wrote in a note, The National Bureau for Statistics in Norway (Statistics Norway) released their annual car park data last Friday. The numbers speak for themselves: Norway's electric... More

Stellantis (STLA) supplier SVolt plans European expansion to five battery plants

Bloomberg reports Thursday that Chinese battery maker SVolt Energy Technology Co. is set to expand its footprint in Europe to as many as five factories.

Asian companies dominate battery-making in Europe. Data shows some 44% of planned battery capacity in Europe by 2030 is expected from Asian companies, with Chinese battery giant CATL on top of the list.

SVolt already has two locations in Germany with one facility set to start supplying Stellantis (NASDAQ:... More

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

Xpeng (XPEV) publishes 2022 ESG report

Chinese electric vehicle maker, XPeng (NYSE: XPEV) published their 2022 Environmental, Social and Governance Report (the ESG report) on Wednesday. The report details progress the company made over 2022 for XPengs commitment, actions and achievements in environmental sustainability, social responsibility, and corporate governance.

At XPENG, we have established an effective environmental, social and governance management framework that is integral in our effort to deliver sustainable... More

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

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

Active options: AMD GOOGL BABA NKLA META GOOG UBS F NIO MU

Active options: AMD GOOGL BABA NKLA META GOOG UBS F NIO MU

Active options: TSLA AMC AMZN AAPL NVDA MSFT BAC COIN MARA RIOT AMD

Active options: TSLA AMC AMZN AAPL NVDA MSFT BAC COIN MARA RIOT AMD

Waymo vehicles pull over in California due to fog

(Reuters) -Alphabet Inc's self-driving technology unit Waymo said on Wednesday that some of its vehicles in San Francisco encountered dense fog and briefly pulled over to the side of the road.

The incident, which occurred at around 6.00 a.m. Pacific Time on Tuesday, impeded some traffic movement... 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

Tesla (TSLA) plans to cut prices on Model 3 and Model Y sold in Hong Kong by as much as 14.7% - report

Tesla (NASDAQ: TSLA) plans to cut prices on Model 3 and Model Y sold in Hong Kong by as much as 14.7%, according to the Hong Kong Economic Times.

Morgan Stanley on Cloud Optimization: Short Term Pain for Long Term Gains

Morgan Stanley analyst Meta Marshall on cloud optimization: "Looking at the present value of the revised opportunity, the public cloud could be a $18 trillion opportunity longer term, over $4 trillion higher than pre-optimization. While Azure (Microsoft), AWS (Amazon) and GCP (Google) are expected to take largest individual share of this... More

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

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

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Active options: TSLA AMZN AAPL AMC NVDA MSFT COIN BAC MARA RIOT

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

AWS, Microsoft Azure and Google Cloud � Street Growth Expectations Are Still Too High - UBS

UBS analyst Karl Keirstead on cloud growth:

"Even below-Street investor growth expectations may prove to be too high. For Microsoft, we maintain our in-line 3Q/Mar c/c Azure revs growth estimate of 30%, but we again lower our Azure c/c revs growth estimates for 4Q/Jun 2023 (to 24% from... More

Amazon (AMZN): UBS warns AWS growth may dip below 10%

Amazon (NASDAQ: AMZN) shares are roughly 2% in pre-market Tuesday after UBS analyst Karl Keirstead issued a warning that Street expectations for cloud growth remain too high for the first quarter.

Amazon, Microsoft (NASDAQ: MSFT), and Alphabet (NASDAQ: GOOGL) are expected to report on their Q1 performance later this month.

Our checks down-ticked relative to our... More

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Active options: TSLA AAPL AMC NVDA AMZN AMD MSFT GOOGL MU META

Microsoft (MSFT) slips 2% as UBS cuts estimates again on 'too high' Azure growth expectations

UBS analyst Karl Keirstead reiterated a Neutral rating and a $275 per share price target on Microsoft (NASDAQ: MSFT) as he believes Azure estimates remain too high.

Recent trends (spend optimization/cuts, slower migration as well as new developer activity) have continued into 1Q23 and if anything feel worse than 3 months ago, the analyst said in a client... 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

Canaccord Genuity Reiterates Buy Rating on Tesla (TSLA) after price cuts

Canaccord Genuity analyst George Gianarikas reiterated a Buy rating and $275.00 price target on Tesla (NASDAQ: TSLA).

"In line with the plan outlined in his Twitter spaces conversation in late 2022, Tesla is executing on Mr. Musk's strategy to prioritize volume growth over profits... More

Baird believes Tesla (TSLA) will be able to maintain industry leading operating margins despite price cuts

Baird analyst Ben Kallo reiterated an Outperform rating, Best Pick designation on Tesla (NASDAQ: TSLA).

"US price cuts continue to make headlines with TSLA margins and macro uncertainty in focus. Despite this second round of US price cuts in a short... More

China reportedly planning 'security reviews' of AI services like ChatGPT

Several news outlets are reporting that the Chinese government is considering introducing new security reviews for artificial intelligence (AI) services, including natural language processing (NLP) models like ChatGPT.

The proposed reviews would reportedly require AI service providers to undergo thorough examinations of their technology and data management practices to ensure that they... More

Stock market today: Dow ends higher as chip stocks climb to offset big tech wobble

By Yasin Ebrahim

Investing.com -- The S&P 500 cut losses Monday as a surge in chip stocks helped offset an Apple-infused stumble in big tech and jitters about further Federal Reserve tightening following a strong March jobs report.

The S&P 500 was up 0.1%, the Dow Jones Industrial Average added 0.3%, or 101 points, and the Nasdaq ended flat after falling more than 1% intraday. 

Apple personal computer shipments declined by 40.5% in the first quarter, according to market research firm IDC, impacted by weak demand and high inventory.

Apple Inc (NASDAQ:... More

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

By Yasin Ebrahim

Investing.com -- The S&P 500 cut losses Monday but remained pressured by an Apple-infused slip in big tech and jitters about further Federal Reserve tightening following a strong March jobs report.

The S&P 500 fell 0.2%, the Dow Jones Industrial Average added 0.1%, or 47 points, and the Nasdaq fell 0.4%.

Apple personal computer shipments declined by 40.5% in the first quarter, according to market research firm IDC, impacted by weak demand and high inventory.

Apple Inc (NASDAQ: AAPL) fell about 2%, with Alphabet Inc (NASDAQ:... More

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Active options: TSLA AAPL AMC NVDA AMZN AMD MSFT GOOGL MU

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

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

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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

We continue to view Generative AI as a seismic force in the technology landscape - GS

Goldman Sachs analyst Gabriela Borges on generative AI: "We continue to view Generative AI as a seismic force in the technology landscape."

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.