Nissan seeks tech growth independent of Renault

U.S. and General Motors (GM) reach settlement in discrimination case

The U.S. Justice Department announced Tuesday that is has reached a settlement with General Motors Co (NYSE: GM) to resolve the department's determination that the American automaker discriminated against non-U.S. citizens in violation of the Immigration and Nationality Act (INA).

Under the terms of the agreement, the company will pay $365,000 in civil penalties.

An investigation... More

Li Auto (LI) plans to nearly triple EV line-up by 2025

Chinese electric automaker, Li Auto (NASDAQ: LI) announced Tuesday, plans for the company to expand its line-up to 11 models by 2025, up from four currently, targeting the market for vehicles priced at 200,000 yuan ($29,100) and higher.

Li Auto's president and chief engineer Ma Donghui... More

CEO William Li says Nio (NIO) 'will certainly not join the price war'

The CEO of Chinese electric automaker, Nio Inc (NYSE: NIO) told CNBC in an interview that the company will not cut prices.

For us, we will certainly not join the price war, CEO William Li said, according to a translation of the interview, claiming Nios products and services are worth the price.

Li said his company will focus on improving its customer services such as adding battery swapping and charging stations. The swapping technology that changes out batteries so that drivers dont have to wait for charging.

Nio announced last... More

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

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

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

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Active options: TSLA NVDA AMZN AAPL JPM BAC BA AMD AMC MSFT C

JPMorgan, Wells Fargo and BlackRock rise premarket; Boeing, Lucid fall

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, April 14th. Please refresh for updates.

JPMorgan (NYSE: JPM) stock rose 5.9% after the banking giant reported a 52% jump in first-quarter profit with record revenues, helped by strong results in its consumer business in a period that saw two of the biggest... 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

Factbox-Tesla cuts more prices in a bid to spur demand

(Reuters) - Tesla Inc on Friday slashed prices of its electric vehicles in Europe, Israel and Singapore, extending a global discount drive it began in China in January while raising concern about its industry-leading profit margin.

Following are details of the price cuts:

CHINA

Tesla reduced prices for all versions of its Model 3 and Model Y cars in China by between 6.0% and 13.5% in January, according to Reuters calculations.

In February, however, the carmaker raised prices of the performance and long-range versions of its Model Y mid-size sport utility vehicles (SUV) in China.

In the... More

Tesla to skip Shanghai Autoshow, organiser's plan shows

SHANGHAI (Reuters) - Tesla will not occupy a booth at China's largest annual autoshow to be held next week in Shanghai, according to plans published by the event's organisers.

The financial hub is set to host Auto Shanghai between April 18-27. It is Asia's largest auto show where brands from BYD to Volkswagen are expected to show off their latest models and technologies.

Tesla, which has a large... More

Tesla cuts price for Model 3 in Germany - website

FRANKFURT (Reuters) - Tesla has lowered the price of its Model 3 in Germany by 2,000 euros, or 4.5%, to 41,990 euros ($46,462) per vehicle, according to data on its website.

The carmaker also cut the prices for the long range and performance versions of the Model 3. The Model 3 Performance version now sells for... More

Tesla sets up new-energy firm in Shanghai with $2 million registered capital -Tianyancha

BEIJING (Reuters) - Tesla Inc has set up a new-energy company in Shanghai with registered capital of $2 million, according to Tianyancha, a company information data provider.

(Reporting by Beijing newsroom; Editing by Muralikumar Anantharaman)

Tesla expands discounts with price cuts in Europe, Singapore, Israel

By Chen Lin and Victoria Waldersee

SINGAPORE/BERLIN (Reuters) -Tesla Inc on Friday slashed prices for its electric vehicles in Europe, Israel and Singapore, expanding a global discount drive it began in China in January while raising concerns about its industry-leading profit margin.

Tesla last week reported first-quarter deliveries up just 4% from the previous quarter despite offering discounts in the United States, China, Japan, Australia and South Korea aimed at spurring demand.

Days after releasing the disappointing delivery data, Tesla... 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

Tesla (TSLA) call put ratio 1.5 calls to 1 put as shares rally 1.8%

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 63; compared to its 52-week range of 49 to 96 into expected quarter results on April 19. Call put ratio 1.5 calls to 1 put as shares rally 1.8%.

Popular stocks with increasing volume: DAL NFLX COIN WBD RIOT F SHOP

Popular stocks with increasing volume: DAL NFLX COIN WBD RIOT F SHOP

Active options: TSLA AAPL AMZN NVDA META DAL NFLX GOOGL

Active options: TSLA AAPL AMZN NVDA META DAL NFLX GOOGL

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

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.

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

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

Mizuho sees GM as a front-runner among its global peers; initiates coverage at Neutral

Mizuho initiated coverage of General Motors (NYSE: GM) with a Neutral rating and $39.00 price target on the stock.

Analyst Vijay Rakesh wrote in a note, ~98% of GMs automotive revenue comes from legacy ICE vehicles; however, GM is aggressively transitioning to electric vehicles (EV) and developing autonomous technologies, moving away from its legacy positioning. We see GM as a front-runner among its global peers in this transition, with a leading EV and AV/ADAS roadmap comprised of its Ultium EV battery platform, Super/UltraCruise for consumer ADAS, and Cruise Automation for AV, while acknowledging the... More

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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

Mizuho Securities Starts General Motors (GM) at Neutral, 'A Balancing Act: Walking the ICE to EV Tightrope'

(Updated - April 12, 2023 4:03 PM EDT)

Mizuho Securities analyst Vijay Rakesh initiates coverage on General Motors (NYSE: GM) with a Neutral rating and a price target of $39.00.

The analyst comments "We are initiating on General Motors (GM) with a Neutral rating and $39 PT. GM... 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

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

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

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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.