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

IKEA invests £4.5 million in EV charging infrastructure projects for last mile fleet in the UK and Ireland

Swedish furniture retailer, IKEA announced today a £4.5million investment in a nationwide electric charging infrastructure, which will provide charging points for electric delivery vehicles across the country to enable more emissions-free deliveries.

The EV infrastructure forms part of IKEAs ongoing transformation to become even more affordable, accessible, and sustainable as it aims to reach 100% zero emission deliveries to customers by 2025.

The investment marks one of the biggest EV charging... More

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

XPeng (XPEV) unveils its Xiaopeng G6 electric SUV at Auto Shanghai

The Shanghai Auto show kicked off Tuesday after last years Covid-hiatus, with many automakers eager to promote their brands. Chinese EV maker Xpeng (NYSE: XPEV) was no exception, announcing the release of the companys new medium-sized SUV, the Xiaopeng G6.

The Xiaopeng G6 is the first... 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

Li Auto Inc. (LI) Unveils Autonomous Driving and BEV Roadmap

Li Auto Inc. (Nasdaq: LI), a leader in Chinas new energy vehicle market, today hosted a press briefing to unveil its autonomous driving and BEV roadmap at the 20th Shanghai International Automobile Industry Exhibition.

In terms of autonomous driving, the Company expects to release its city NOA for beta testing in its full-stack self-developed Li AD Max 3.0 in the second quarter of 2023, and targets to roll out in 100 cities nationwide by the end of 2023. The Company believes that the Li AD Max 3.0 will be able to function without high-precision... More

Tesla should be able to eke out a decent 1Q result - Morgan Stanley

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $220.00 price target on Tesla (NASDAQ: TSLA).

"Tesla should be able to eke out a decent 1Q result, but defending that 20% clean auto gross margin 'floor' may be a different story as... More

XPeng (XPEV) Debuts G6 Ultra Smart Coupe SUV

XPeng Inc. (NYSE: XPEV) today announced the debut of its fifth smart EV model, the XPENG G6* Ultra Smart Coupe SUV, at Auto Shanghai 2023.

The first production model based on the Companys next-generation smart electric platform architecture, SEPA2.0, the G6 delivers XPENGs latest smart driving, intelligent cabin, superfast charging and superior performance features. It will be equipped with the latest XNGP as a final stage of ADAS (Advanced Driver Assistance System) before fully realizing autonomous driving.

Aspiring to create a dream car for the younger generation, this new-breed model... More

Tesla (TSLA) April 187 straddle is priced for a move of 8% into quarter results

Tesla (NASDAQ: TSLA) April 187 straddle is priced for a move of 8% into the expected release of quarter results after the bell on April 19.

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

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

Chinese EV makers should brace for protectionist policies abroad - Nio CEO

SHANGHAI (Reuters) - Chinese electric vehicle makers should brace for the possibility of protectionist policies being leveled against them by foreign governments as they seize on their cost advantages to expand exports, the founder of Chinese EV maker Nio said.

William Li told reporters on the sidelines of the Shanghai Autoshow that he estimated his firm and peers making EVs in China had as much as a 20% cost advantage... More

China's Li Auto aims to nearly triple electric model line-up to 11 by 2025

SHANGHAI (Reuters) -Chinese electric vehicle (EV) maker Li Auto Inc said on Tuesday it plans 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.

Speaking on the sidelines of the Shanghai auto show, Li Auto's president... More

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

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

Elon Musk Says Looking Into Tesla (TSLA) Shanghai Factory Workers Appeal on Bonus Cuts

Elon Musk Says Looking Into Tesla (NASDAQ: TSLA) Shanghai Factory Workers Appeal on Bonus Cuts

Was alerted this weekend. Looking into it.

Tesla (TSLA) April option implied volatility into quarter results

Tesla (NASDAQ: TSLA) April call option implied volatility is at 91, May is at 59; compared to its 52-week range of 59 to 96 into the expected release of quarter results after the bell on April 19.

Tesla (TSLA) Disclosed Another Fatal US Crash - Bloomberg

Tesla (NASDAQ: TSLA) Disclosed Another Fatal US Crash - Bloomberg

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

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

VW, Rivian, Nissan, BMW lose access to US EV tax credits

By David Shepardson

(Reuters) - The U.S. Treasury said on Monday that Volkswagen, BMW, Nissan, Rivian, Hyundai and Volvo Cars electric vehicles will lose access to a $7,500 tax credit under new rules for battery sourcing.

The Treasury said the new requirements effective on Tuesday will also cut by half credits for the Tesla Inc Model 3 Standard Range Rear Wheel Drive to $3,750 but that other Tesla models will retain the full $7,500 credit.

Vehicles losing credits on Tuesday are the BMW 330e, BMW X5 xDrive45e, Genesis Electrified GV70, Nissan Leaf, Rivian R1S and R1T,... More

GM, Tesla, Ford Models To Qualify For Full $7,500 US Tax Credit - Bloomberg

(Updated - April 17, 2023 10:03 AM EDT)

GM, Tesla, Ford Models To Qualify For Full $7,500 US Tax Credit - Bloomberg

Dow Jones, Nasdaq, S&P 500 weekly preview: Tech takes the earnings stage

Despite analyst warnings that the earnings estimates remain too optimistic given macro risks, the U.S. indices continue to march higher.

The S&P 500 (SPX) closed 0.8% higher last week on the back of encouraging inflation data, which pointed toward moderating prices. On the other hand, Fridays retail sales report signaled that the consumer is weakening.

We think moderating demand and improvement on supply chain disruptions will foster lower inflation as we progress through the year, said Edward Jones investment strategist Craig Fehr.

The Dow Jones Industrial Average (DJI) rallied 1.2% to secure the first weekly close above the 100... More

Moderna, Xpeng and Uber rise premarket; State Street falls

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, April 17th. Please refresh for updates.

Merck (NYSE: MRK) stock fell 0.1% after the drugs giant announced Sunday plans to acquire... 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

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

XPeng (XPEV) Presents SEPA2.0

XPeng Inc. (NYSE: XPEV), a leading Chinese smart electric vehicle (Smart EV) company, today unveiled its next-generation end-to-end integrated technology architecture SEPA2.0, which sets the foundation for future production models.

SEPA2.0 (Smart Electric Platform Architecture) brings a series of more advanced architectural solutions, from XPENGs in-house development autonomous driving software to vehicle engineering. It will shorten future models R&D cycle by 20%, significantly optimizing R&D efficiency. 80% of architectural components will be compatible with new models, enabling XPENG to meet diverse customer needs at optimized costs.

SEPA2.0 is adaptable and flexible with multiple... 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

XPeng Inc. (XPEV) option implied volatility near low end of range

XPeng Inc. (NYSE: XPEV) 30-day option implied volatility is at 69; compared to its 52-week range of 69 to 127 into debuting its next production model on Tuesday, April 18, at Auto Shanghai 2023.

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

XPeng Inc. (XPEV) option implied volatility low into debuting its next production model at Auto Shanghai 2023

XPeng Inc. (NYSE: XPEV) 30-day option implied volatility is at 69; compared to its 52-week range of 69 to 127 into debuting its next production model on Tuesday, April 18, at Auto Shanghai 2023.

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

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

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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

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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