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

Tesla (TSLA) factory where employee died had safety weakness

According to several news reports Wednesday, Government inspectors have concluded that Teslas (NASDAQ: TSLA) Shanghai factory where an employee died in a Feb. 4 accident has weaknesses in its safety measures.

Investigators found that two workers in the factorys wielding workshop didnt strictly follow safety rules during a shift... More

Baidu’s (BIDU) Jidu Auto skips Shanghai auto show due to marketing plans

Yicai Global, the financial news arm of state-owned media conglomerate, Shanghai Media Group reports today, citing a source at the company, that Baidu-backed Jidu Auto is absent from the ongoing Shanghai Auto Show because the event did not fit in with the automakers product marketing plans.

The Shanghai... More

Tesla (TSLA) slides following additional U.S. price cuts

Shares of Tesla (NASDAQ: TSLA) are trading down more than 2% in pre-market trading on Wednesday after the electric vehicle company cut prices for the sixth time this year.

Tesla's website showed late on Tuesday that it cut prices of its Model Y 'long range' and 'performance' vehicles by $3000 each and of its Model 3 'rear-wheel drive' by $2,000 to $39,990.

The cuts come... More

RBC Capital cuts price target on Tesla (TSLA) as price war weighs

RBC Capital reiterated an Outperform rating on Tesla (NASDAQ: TSLA) and cut their price target on the stock to $217.00 (From $223.00) as concerns are mounting that the electric vehicle maker may need to cut prices again to remain competitive.

RBC Capitals expectations are for Teslas Automotive Gross Margins to be pressured by price cuts. TSLA made multiple price cuts during the quarter,... 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. 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

Dow futures little changed as investors await corporate earnings

By Noreen Burke

Investing.com -- U.S. stock futures pointed to a flat open on Wall Street on Monday as investors awaited corporate earnings reports, including more bank results as well as remarks from Federal Reserve officials which could offer insights into the future path of interest rates.

At 06:42 ET (10:42 GMT), the Dow futures contract was up 20 points or 0.1%, S&P 500 futures were flat, and Nasdaq 100 futures dipped 16 points or 0.1%.

Wall Street ended lower on Friday as mixed economic... More

Tesla margins in focus as EV price war kicks into high gear

By Akash Sriram

(Reuters) -Tesla Inc's first-quarter margins are anticipated to have hit a more than three-year low as the electric-vehicle maker slashed prices to lure more buyers in the face of rising competition and a weak economy.

The world's most valuable automaker, which commands over half of the U.S. EV market, cut sticker prices on its cars five times between January and April - a move that boosted quarterly sales in the quarter ended March 31 but squeezed its industry-leading profit margin.

Tesla is expected to report auto gross margin of 23.2% for the quarter on Wednesday,... More

Tesla (TSLA) PT Lowered to $230 at Barclays; analyst says near-term sentiment on the stock 'quite negative'

(Updated - April 17, 2023 6:16 AM EDT)

Barclays analyst Dan Levy lowered the price target on Tesla (NASDAQ: TSLA) to $230.00 (from $275.00) while maintaining an Overweight rating.

"We believe investors are largely expecting 1Q EPS in the 80-86c range; we forecast 85c,... More

SpaceX Wins US Government Approval To Launch Starship Rocket - Bloomberg

SpaceX Wins US Government Approval To Launch Starship Rocket - Bloomberg

Tesla (TSLA) April 185 straddle priced into quarter results

Tesla (NASDAQ: TSLA) April 185 straddle is priced for a move of 8% into the expected release of quarter results after the bell on April 19.

Stocks expected to have increasing option volume: GS LMT BK ISRG UAL PG TSLA ABT MS

Stocks expected to have increasing option volume: GS LMT BK ISRG UAL PG TSLA ABT MS

Active options: TSLA NKLA NVDA AAPL AMZN AMC JPM

Active options: TSLA NKLA NVDA AAPL AMZN AMC JPM

Angry Tesla Shanghai workers vent to Elon Musk over bonus cuts

SHANGHAI (Reuters) -Tesla's Shanghai factory workers took to social media to appeal to Elon Musk and the Chinese public after being told at the weekend about cuts to their performance bonuses, according to online posts and employees who spoke to Reuters. 

Several posts said they believed the deductions were linked to a fatal accident earlier this year at the plant, its biggest worldwide, and criticised Tesla for the cuts.

The situation marks a rare outburst of discontent at Tesla's Shanghai plant, whose workers Musk praised last year for burning "the 3 a.m. oil" to keep operations running... More

Elon Musk is reportedly working on an OpenAI rival

Elon Musk is said to be working on an artificial intelligence (AI) start-up that will rival ChatGPT's maker and owner OpenAI, as reported by the Financial Times late Friday.

According to people familiar with the matter, the billionaire is putting together a team of artificial intelligence researchers and engineers, and has already "secured thousands of high-powered GPU processors from Nvidia" (NASDAQ:... More

Active options: TSLA NKLA NVDA AAPL AMZN AMC JPM META BAC

Active options: TSLA NKLA NVDA AAPL AMZN AMC JPM META BAC

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

Elon Musk Plans AI Startup To Rival OpenAi - FT

Elon Musk Plans AI Startup To Rival OpenAi - FT

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

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

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

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%.

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

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.