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

As Tesla (TSLA) 'weaponizes' cost leadership Morgan Stanley believes legacy OEMs should reconsider EV spending plans

April 21, 2023 3:05 PM EDT

Morgan Stanley reiterated an Overweight rating and $200.00 price target on Tesla, Inc. (NASDAQ: TSLA) as the electric vehicle giant continues to invest their cost leadership and industry high margins into lower prices.

Following Teslas 1Q results, Morgan Stanley held discussions with a number of clients about what the electric vehicle makers industry leading margins would mean for legacy OEMs. If Tesla weaponizes their cost leadership in the form of price, does this impair the economic returns of the... More

Jury finds Tesla (TSLA) autopilot not at fault in 2019 crash

April 21, 2023 2:03 PM EDT

A California jury on Friday found that a Tesla (NASDAQ: TSLA) autopilot feature did not fail to perform safely in what appears to be the first trial related to a crash involving the partially automated driving software.

Justine Hsu, a resident of Los Angeles, sued Tesla in 2020, saying her Tesla Model S swerved into... More

California and others call for recall of Hyundai and Kia vehicles over risk of theft

April 21, 2023 11:38 AM EDT

California Attorney General Rob Bonta, as well as attorneys general of 17 other states on Thursday, call on the National Highway Traffic Safety Administration (NHTSA) to recall Hyundai and Kia vehicles, saying they are more likely to be stolen because they lack safety features that are standard in other cars.

Hyundai and Kia vehicles represent a large share of stolen cars in multiple U.S. cities, according to data from police and state officials. While most cars in recent years have been installed... More

Ford (F) CEO Farley says Tesla (TSLA) price cuts reflect pressure of ageing lineup

April 21, 2023 9:07 AM EDT

Ford (NYSE: F) Chief Executive Officer Jim Farley attended a charity event Thursday night where he commented on Teslas (NASDAQ: TSLA) recent price cuts, saying that the decision reflects the pressure Tesla faces from competition and an ageing product line-up.

Farley said Tesla's price cuts underscore intense competition in the two-row crossover or SUV segment of the auto market, where Tesla's best-selling Model Y faces a range of newer rivals in China and other markets.

Ford, he... More

Tesla (TSLA) increases prices in U.S. just days after cutting them

April 21, 2023 8:53 AM EDT

Electric vehicle giant, Tesla (NASDAQ: TSLA) raised the prices on their Model S and X in the U.S., according to its website Thursday, although they are still 20% lower than the start of the year cutting prices six times to drum up demand.

Tesla has been slashing... More

Truist downgrades Tesla (TSLA) as it signals willingness to continue price cuts

April 21, 2023 8:31 AM EDT

Truist Securities downgraded Tesla (NASDAQ: TSLA) to a Hold rating (From Buy) and cut their price target on the stock to $154.00 (From $245.00) after the company reported 1Q results and signaled its willingness to continue to cut prices.

Analyst William Stein wrote in a note, We and investors alike have seen TSLA's price reductions, so Q1's results weren't surprising. What surprised us is TSLA's stated willingness to reduce price further, accepting still lower automotive... More

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

April 20, 2023 3:25 PM EDT

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

April 19, 2023 1:44 PM EDT

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

April 19, 2023 12:22 PM EDT

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

April 19, 2023 8:30 AM EDT

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

Netflix, Fox and Tesla fall premarket; Baker Hughes, Western Alliance rise

April 19, 2023 8:14 AM EDT

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Wednesday, April 19th. Please refresh for updates.

Morgan Stanley (NYSE: MS) stock fell 2.5% after the major lender's first-quarter profit fell as its investment banking business remained under pressure due to a prolonged slump in dealmaking.Netflix (NASDAQ:... More

Dow futures slide lower as investors digest earnings

April 19, 2023 6:59 AM EDT

By Noreen Burke 

Investing.com -- U.S. stock futures pointed to a lower open on Wall Street on Wednesday as investors weighed mixed earnings reports from some major companies, while persistent concerns over the Federal Reserves rate hike path also weighed.

At 06:08 ET (10:08 GMT), the Dow futures contract was 170 points or 0.5% lower, S&P 500 futures were down 25 points or 0.6%, and Nasdaq 100 futures shed 117 points or 0.9%.

The declines came after a choppy... More

Netflix adds, Fox lawsuit and U.K. inflation - what's moving markets

April 19, 2023 5:37 AM EDT

By Peter Nurse

Investing.com -- Netflix disappointed with the extent of its subscriber additions in the first quarter, while Fox settled its defamation lawsuit by Dominion, taking a hefty financial hit in the process. Tesla earnings are due after the close, while U.K. inflation is proving to be particularly sticky.

1. Netflix disappoints with guidance, subscriber adds

The new earnings season received results from Netflix (NASDAQ: NFLX) after the close Tuesday, and while the streaming... More

Tesla (TSLA) April 185 straddle is priced into quarter results

April 19, 2023 5:17 AM EDT

Tesla (NASDAQ: TSLA) April 185 straddle is priced for a move of 7.5% into the expected release of quarter results today after the bell.

... More

Tesla (TSLA) PT Lowered to $217 at RBC Capital

April 19, 2023 2:30 AM EDT

RBC Capital analyst Joseph Spak lowered the price target on Tesla (NASDAQ: TSLA) to $217.00 (from $223.00) while maintaining a Outperform rating.... More

Tesla cuts US prices for sixth time this year ahead of quarterly results

April 19, 2023 12:08 AM EDT

By Abinaya V and Aditya Soni

(Reuters) -Tesla Inc cut prices for some of its Model Y and Model 3 vehicles in the U.S. for the sixth time this year to juice demand as competition among electric-vehicle makers heats up around the world.

The cuts came ahead of Tesla's first-quarter earnings, due after markets close on Wednesday, that will show how previous cuts have affected Tesla's industry-leading profit margins.

Tesla has slashed prices in numerous markets worldwide to stay ahead of legacy U.S. competitors such as Ford... More

Beige book, Tesla earnings, Morgan Stanley: 3 things to watch

April 18, 2023 4:11 PM EDT

By Liz Moyer

Investing.com -- Stocks were muted on Tuesday as investors took in mixed first-quarter reports from big companies.

While Bank of America (NYSE: BAC) and Johnson&Johnson (NYSE: JNJ) beat expectations, other big companies such as Goldman Sachs (NYSE: GS) fell short on some... More

Tesla (TSLA) April option implied volatility into quarter results

April 18, 2023 10:35 AM EDT

Tesla (NASDAQ: TSLA) April call option implied volatility is at 99, 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.

... More

Tesla (TSLA) Q1 earnings preview: Margins in focus after recent price cuts

April 18, 2023 8:51 AM EDT

Tesla (NASDAQ: TSLA) is due to report earnings on Wednesday after market close with analysts expecting the electric vehicle (EV) to report a profit per share of $0.85, which would mark a near 20% drop relative to last year.

Revenue is seen rising 26% to $23.73 billion while the focus will be on gross margins, which are seen at 21%, a sharp drop relative to 24.3% reported for the fourth quarter.

Investors will be eager to see how Teslas recent price cuts have impacted the companys profit margins. Auto gross margins are expected at 23.2%, down... More

Goldman Sachs, JB Hunt, Fox fall premarket; Bank of America, Lockheed Martin rise

April 18, 2023 8:11 AM EDT

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, April 18th. Please refresh for updates.

Goldman Sachs (NYSE: GS) stock fell 3.7% after the investment bank's first quarter profit dropped as a difficult three months for dealmaking eroded its fees from investment banking.

Bank of... More

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

April 18, 2023 8:08 AM EDT

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'

April 18, 2023 7:57 AM EDT

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

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

April 18, 2023 5:47 AM EDT

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

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

April 18, 2023 4:42 AM EDT

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.

... More

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

April 18, 2023 4:00 AM EDT

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

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

April 17, 2023 2:54 PM EDT

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

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

April 17, 2023 1:52 PM EDT

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

April 17, 2023 1:27 PM EDT

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

April 17, 2023 11:37 AM EDT

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

Was alerted this weekend. Looking into it.

Elon Musk (@elonmusk) April 17, 2023

... More

Tesla (TSLA) April option implied volatility into quarter results

April 17, 2023 10:53 AM EDT

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.

... More

Tesla (TSLA) Disclosed Another Fatal US Crash - Bloomberg

April 17, 2023 10:13 AM EDT

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

... More

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

April 17, 2023 10:08 AM EDT

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

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

April 17, 2023 10:06 AM EDT

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

April 17, 2023 10:02 AM EDT

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

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

Eight EVs and Two Plug-in Hybrids Qualify for Entire Incentive

... More

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

April 17, 2023 8:24 AM EDT

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

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

April 17, 2023 8:20 AM EDT

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

April 17, 2023 8:00 AM EDT

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

April 17, 2023 7:46 AM EDT

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

Dow futures little changed as investors await corporate earnings

April 17, 2023 7:19 AM EDT

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

April 17, 2023 6:30 AM EDT

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'

April 17, 2023 5:51 AM EDT

(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

April 17, 2023 5:37 AM EDT

SpaceX Wins US Government Approval To Launch Starship Rocket - Bloomberg

... More

Tesla (TSLA) April 185 straddle priced into quarter results

April 17, 2023 4:41 AM EDT

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.

... More

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

April 17, 2023 4:34 AM EDT

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

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Active options: TSLA NKLA NVDA AAPL AMZN AMC JPM

April 17, 2023 4:18 AM EDT

Active options: TSLA NKLA NVDA AAPL AMZN AMC JPM

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