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

U.S. Supreme Court declines bid by GM to take up dismissed case against Fiat Chrysler

The U.S. Supreme Court on Monday declined to take up a dismissed racketeering case General Motors (NYSE: GM) brought against Fiat Chrysler Automobiles, now known as Stellantis (NYSE: STLA). The denial was included in a daily order list from the court on Monday.

The justices turned away an appeal by General Motors of a lower court's dismissal of its lawsuit that accused Fiat Chrysler of bribing employee union officials in a bid to undermine GM and pressure... More

U.S. treasury announces VW, BMW, Nissan, Rivian and others lose access to tax credits

The U.S. treasury announced Monday that automakers Volkswagen, BMW, Nissan, Rivian (NASDAQ: RIVN), Hyundai and Volvos electric vehicles will lose access to a $7,500 tax credit under the new rules for battery sourcing.

The Treasury also said the new requirements, which go into effective on Tuesday will cut credits for the Tesla Inc (NASDAQ: TSLA) Model 3 Standard Range Rear Wheel Drive by half to $3,750 but that other Tesla models will retain... More

Panasonic considers building EV battery plant in Oklahoma

Tesla (NASDAQ: TSLA) battery supplier, Panasonic said on Sunday that the Japanese company is considering building a battery plant in Oklahoma, its third in the United States.

Panasonic has entered into an agreement with the State of Oklahoma that defines the eligibility... More

Volkswagen to partner with Vale, Ford (F) and Huayou to build EV battery ecosystem in Indonesia

Indonesian investment minister Bahlil Lahadalia announced Sunday that Volkswagen will build an electric vehicle (EV) battery ecosystem in Indonesia and will partner with miner Vale, Ford and China's battery minerals producer Zhejiang Huayou Cobalt.

Minister Lahadalia said on Sunday that Volkswagen, Europe's biggest automaker, will work with Vale, Ford, Huayou, French... More

Baidu (BIDU) launches assisted driving system

Leading AI company, Baidu (NASDAQ: BIDU) introduced its new automated driving assistance system, Apollo City Driving Max, Sunday at the companys automotive intelligence conference.

he Chinese tech giant claims that the system will enable vehicles to complete point-to-point navigation by themselves, covering major driving scenarios from Chinese highways to urban roads.

The flagship intelligent driving solution is equipped with... More

Tesla (TSLA) workers lash out at Musk over bonus cuts

Tesla (NASDAQ: TSLA) workers at the companys plant in Shanghai took to social media to appeal to Elon Musk and the Chinese public after being told over about cuts to their performance bonuses, according to online posts and employees. The same plant whose workers Musk praised last year for burning "the 3 a.m. oil" to keep operations running during the city's two-month COVID lockdown.

It comes as Tesla has been slashing prices in... More

XPeng (XPEV) surges on cost cuts and new platform

Chinese electric vehicle maker XPeng (NYSE: XPEV) is up 11.09% in pre-market trading on Monday after the company unveiled its next-generation end-to-end integrated technology architecture SEPA2.0 over the weekend.

XPengs SEPA 2.0 platform is expected to reduce costs of powertrain systems, including batteries, by 25% by the end of... More

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

Rivian (RIVN) cut to Neutral at Piper Sandler as analysts see current strategy as 'costly'

Piper Sandler downgraded Rivian Automotive (NASDAQ: RIVN) to a Neutral rating (From Overweight) and cut the price target on the stock to $15.00 (From $63.00) as analyst Alexander Potter believes the companys strategy is too costly.

Potter wrote in a note, We still like Rivian's strategy, which uses vertical integration to capture lucrative after-sales revenue (e.g. software, service, and charging). Tesla is the only other company with so much... 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

Stellantis (STLA) considers expanding Peugeot e-208 production in Spain despite pressure from France

Bloomberg reports Thursday, citing people familiar with the situation, that automaker Stellantis (NASDAQ: STLA) is leaning toward expanding production of its Peugeot e-208 electric vehicle in Spain despite pressure from the French government to add output in France.

Finance Minister Bruno Le Maire would like Stellantis to build the compact model locally in France and has been... 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

Delta Air Lines, Amazon, Stellantis rise premarket; Harley-Davidson falls

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, April 13th. Please refresh for updates.

Delta Air Lines (NYSE: DAL) stock rose 2.5% after the carrier forecast healthy profit in the second quarter, citing "record" bookings for... More

Rivian Automotive Inc (RIVN) PT Lowered to $27 at Baird

Baird analyst George Gianarikas lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $27.00 (from $35.00) while maintaining a Outperform rating.... More

Active options: TSLA AMZN NVDA AMC AAPL BABA MSFT AMD META

Active options: TSLA AMZN NVDA AMC AAPL BABA MSFT AMD META

Tesla (TSLA) option implied volatility steady

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 64; compared to its 52-week range of 49 to 96 into expected quarter results on April 19.

Tesla (TSLA): Norway's EV Market is 2 Decades Ahead of the US - Morgan Stanley

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA) after looking at Norway's EV market where there is 79% penetration. Jonas believes Norway is two decades ahead of the U.S..

The analyst commented, "In an... More

Midday movers: American Airlines, Triton International, Tesla and more

By Liz Moyer

Investing.com -- Stocks are rising on Wednesday after the Federal Reserve released the minutes of its recent meeting, where officials talked about pausing interest rate hikes. Here are the market movers for April 12.

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

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

Faraday Future (FFIE) to start mass production of FF 91 this month following 9 years of delay

Faraday Future (NASDAQ: FFIE) announced Wednesday that the companys luxury electric vehicle model, the FF 91, is in the final stages of development. The American EV start-up announced that the mass production phase of the FF 91 is set to kick off in China... More

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

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.

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

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

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

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

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