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

Renault aims for software to be on par with Tesla (TSLA) by 2026

French automotive group, Renault on Monday detailed the new software architecture of its future vehicles which it claims will be on par with Tesla (NASDAQ: TSLA) by 2026.

Automakers have been living for months under the threat of regular and drastic price cuts from Tesla. In France, the list price of the Tesla Model 3 now starts at... More

Morgan Stanley survey shows 71% of respondents believe Tesla (TSLA) will ‘underperform’ over next 6 months

Morgan Stanley reiterated an Overweight rating and $200.00 price target on Tesla (NASDAQ: TSLA) after conducting an email survey of institutional investors and industry experts on Friday.

The survey consisted of one question asking survey respondents how they believe Tesla will perform over the next six months, with a multiple-choice answer ranging from Significantly Outperform to Significantly Underperform.

The survey was distributed at 11:52am EST on Friday, April... More

Tesla (TSLA) boosts spending forecasts in race to increase output

Electric vehicle giant Tesla, Inc (NASDAQ: TSLA) said in a filing on Monday that the company raised its capital expenditure forecast as the automaker ramps up output at its factories. Tesla now expects to spend between $7 billion and $9 billion this year, higher than its... More

Daiwa cuts estimates on Tesla (TSLA) as price cuts place pressure on margins

Daiwa Capital reiterated an Outperform rating on Tesla (NASDAQ: TSLA) and cut their price target on the stock to $185.00 (From $218.00) as the electric vehicle company leverages pricing power to grow volume.

Tesla reiterated its strategy to grow volumes at the expense of margin as management views price as a clearing mechanism, at... More

Tesla (TSLA) to export Model Y from China to Canada

According to a memo seen by Reuters, and an unnamed person with direct knowledge of the plan, Tesla (NASDAQ: TSLA) has begun producing a version of the Model Y in Shanghai to be sold in Canada this year. This will be the first time the company will be shipping cars to North America from China.

Over the weekend, Tesla posted on its website that it... More

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

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

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

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

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

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

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

S&P 500 slides on Tesla slump, economic jitters

By Yasin Ebrahim

Investing.com -- The S&P 500 slipped Wednesday as investor sentiment was soured by disappointing quarterly results including from Tesla and economic data pointing to a slowing economy.

The S&P 500 fell 0.7%, the Dow Jones Industrial Average fell 0.5%, or 162 points, and the Nasdaq fell 0.8%.

Tesla (NASDAQ: TSLA) fell 10% after the electric vehicle maker reported earnings that missed Wall Street expectations as margins were dragged lower by a recent string of price cuts.

The concerns over margins intensified after the chief executive... More

Active options: TSLA AMZN NVDA AAPL AMD NFLX T AMC BBBY GOOGL BABA

Active options: TSLA AMZN NVDA AAPL AMD NFLX T AMC BBBY GOOGL BABA

Analysis-Elon Musk pins hopes on full self-driving as Tesla's next profit driver

By Hyunjoo Jin and Akash Sriram

(Reuters) - Elon Musk is counting on full-self driving and other new technologies and vehicles at Tesla Inc to provide the "wow factor" that will continue to drive the electric carmaker's value far beyond its automotive rivals.

Some analysts and investors worry that Tesla's industry-leading market valuation is threatened by factors including price cuts that have undermined its margins, delays in rolling out new models and revisions to its full self-driving (FSD) software.

"Tesla faces an increasingly uphill battle to secure its competitive position, which makes its current valuation look even... More

Midday movers: AT&T, Tesla, D.R. Horton and more

By Liz Moyer

Investing.com -- Stocks were falling on Thursday after weak earnings from AT&T and pinched margins at Tesla. Here are the market movers for April 20.

Renault has no plans to follow Tesla (TSLA) into price war

Renault made it clear that the company has no plans to drastically cut prices on their electric vehicles and follow U.S. rival Tesla in what the French carmaker's finance chief on Thursday called a downward "spiral".

Tesla (NASDAQ: TSLA) posted its 1Q earnings results Wednesday after the closing bell, with EPS coming in at $0.85, $0.01 worse than analyst estimates. The company also posted its lowest quarterly gross margin in two years after slashing prices aggressively in markets including the United States, China, and Europe to spur demand and fend off rising... More

Tesla (TSLA) option implied volatility decreases as shares sell off 7.5%

Tesla (NASDAQ: TSLA) April call option implied volatility is at 65, May is at 52; compared to its 52-week range of 59 to 96 as shares sell off 7.5%.

U.S. stocks are falling as earnings reports disappoint

By Liz Moyer

Investing.com -- U.S. stocks were falling on Thursday after disappointing earnings reports from Tesla and AT&T.

At 10:02 ET (14:02 GMT), the Dow Jones Industrial Average was down 186 points or 0.5%, while the S&P 500 was down 0.6% and the NASDAQ Composite was down 0.5%.

Stocks have wobbled this week amid mixed earnings. Shares of Tesla Inc... More

Tesla (TSLA) call put ratio 1.4 calls to 1 put as shares sell off 6.8%

Tesla (NASDAQ: TSLA) April call option implied volatility is at 71, May is at 51; compared to its 52-week range of 59 to 96 as shares sell off 6.8%.

Active options: TSLA AAPL BBBY AMZN NVDA F T LAZR GOOGL

Active options: TSLA AAPL BBBY AMZN NVDA F T LAZR GOOGL

SpaceX Starship Rocket Lifts Off From Texas Launch Pad - Bloomberg

(Updated - April 20, 2023 9:35 AM EDT)

SpaceX Starship Rocket Lifts Off From Texas Launch Pad - Bloomberg

Tesla tumbles as investors balk at Musk's price-cutting spree

By Aditya Soni and Noel Randewich

(Reuters) - Tesla Inc's stock tumbled nearly 10% on Thursday after CEO Elon Musk signaled the electric vehicle maker will keep cutting prices to drive up demand, even after taking a painful hit to margins.

The leading electric car manufacturer lost over $50 billion of its stock market value, while fears of an escalating price war also hit the shares of General Motors , Volkswagen AG and other automakers.

At $517 billion, Tesla's market capitalization ended Thursday below Meta Platforms' for the first time since 2021.

GRAPHIC: Musk's price war sinks Tesla shares to... More

Tesla (TSLA) PT Lowered to $170 at Wells Fargo

Wells Fargo analyst Colin Langan lowered the price target on Tesla (NASDAQ: TSLA) to $170.00 (from $190.00) while maintaining a Equal Weight rating.... More

Tesla, AT&T and Bed Bath&Beyond fall premarket; IBM rises

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Thursday, April 20th. Please refresh for updates.

Tesla (NASDAQ: TSLA) stock fell 7% after the EV manufacturers first-quarter gross margin missed market expectations due to aggressive price cuts for its vehicles.

AT&T (NYSE:... More

Tudor Pickering Downgrades Tesla (TSLA) to Sell

Tudor Pickering analyst Matt Portillo downgraded Tesla (NASDAQ: TSLA) from Hold to Sell.

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $180.59 yesterday.

Tesla to feel commodity cost pain until second half of 2023

By Aditya Soni and Akash Sriram

(Reuters) -A recent pullback in commodity prices will aid Tesla Inc's bruised margins only in the second half of the year, signalling more near-term pain for the electric-car maker which has been cutting prices to prop up sales.

Chief Financial Officer Zachary Kirkhorn said on Wednesday that battery material prices have been a big drag for the past two years and Tesla was "still kind of at the maximum of pain for commodities in our cost structure."

The comments dampened hopes that this year's tumble in prices of commodities would... More

Tesla earnings, HSBC break up, jobless claims - what's moving markets

By Peter Nurse 

Investing.com -- Tesla has disappointed with its first-quarter earnings as the EV manufacturer put growth above profits, while HSBCs management tries to keep the bank together. More earnings are due, while crude slumps on fears of a U.S. economic slowdown.

1. Tesla puts sales growth ahead of profit

Tesla (NASDAQ: TSLA) reported its first-quarter earnings after the close Wednesday, and the electric vehicle manufacturer missed Wall Street estimates, posting its lowest... More

Dow futures fall 165 pts; Tesla earnings weigh on sentiment

By Peter Nurse

Investing.com -- U.S. stocks are seen opening lower Wednesday amid concerns about a future economic slowdown, while disappointing earnings from EV giant Tesla (NASDAQ: TSLA) weighed.

At 06:30 ET (10:30 GMT), the Dow futures contract was down 165 points, or 0.5%, S&P 500 futures traded 30 points, or 0.7% lower, and Nasdaq 100 futures dropped 140 points, or 1.1%.

The main indices closed in a subdued fashion Wednesday, with the blue-chip Dow Jones Industrial Average dropping 80 points, or 0.2%, while both the broad-based S&P... More

Tesla (TSLA) PT Raised to $225 at BofA Securities; results 'better than feared'

BofA Securities analyst John Murphy raised the price target on Tesla (NASDAQ: TSLA) to $225.00 (from $220.00) while maintaining a Neutral rating.

"We reiterate our Neutral rating on Tesla. The companys 1Q:23 performance was better than feared, EV demand continues to grow, and TSLA has... More

Tesla (TSLA) PT Lowered to $200 at Deutsche Bank, 'longer term, we continue to view Tesla as one of most attractive stories'

(Updated - April 20, 2023 6:10 AM EDT)

Deutsche Bank analyst Emmanuel Rosner lowered the price target on Tesla (NASDAQ: TSLA) to $200.00 (from $250.00) while maintaining a Buy rating.

The analyst comments "For now, we lower our price target to $200, based on the... More

Tesla (TSLA) PT Lowered to $200 at Morgan Stanley

Morgan Stanley analyst Adam Jonas lowered the price target on Tesla (NASDAQ: TSLA) to $200.00 (from $220.00) while maintaining a Overweight rating.... More

Tesla (TSLA) April option implied volatility at 133 into shares trading $167 before the bell.

Tesla (NASDAQ: TSLA) April call option implied volatility is at 133, May is at 60; compared to its 52-week range of 59 to 96 into shares trading $167 before the bell.

Tesla (TSLA) PT Lowered to $115 at JPMorgan

JPMorgan analyst Ryan Brinkman lowered the price target on Tesla (NASDAQ: TSLA) to $115.00 (from $120.00) while maintaining a Underweight rating.... More

Stocks expected to have increasing option volume: TSLA T BX CSX STX KEY ALK OZK PG

Stocks expected to have increasing option volume: TSLA T BX CSX STX KEY ALK OZK PG

Tesla (TSLA) PT Lowered to $175 at Citi Following Earnings

(Updated - April 20, 2023 4:08 AM EDT)

Citi analyst Itay Michaeli lowered the price target on Tesla (NASDAQ: TSLA) to $175.00 (from $192.00) while maintaining a Neutral rating.

The analyst comments "The Q1 margin miss confirms that price cuts werent offset to the extent... More

Tesla (TSLA) PT Lowered to $212 at RBC Capital

RBC Capital analyst Tom Narayan lowered the price target on Tesla (NASDAQ: TSLA) to $212.00 (from $217.00) while maintaining a Outperform rating.

Tesla (TSLA) PT Lowered to $185 at Goldman Sachs

Goldman Sachs analyst Mark Delaney lowered the price target on Tesla (NASDAQ: TSLA) to $185.00 (from $210.00) while maintaining a Buy rating.... More

Tesla (TSLA) PT Lowered to $230 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh lowered the price target on Tesla (NASDAQ: TSLA) to $230.00 (from $250.00) while maintaining a Buy rating.... More

Tesla (TSLA) PT Lowered to $257 at Canaccord Genuity

Canaccord Genuity analyst George Gianarikas lowered the price target on Tesla (NASDAQ: TSLA) to $257.00 (from $275.00) while maintaining a Buy rating.... More

Musk says Tesla likely to launch full self-drive technology 'this year'

By Hyunjoo Jin

SAN FRANCISCO (Reuters) - Elon Musk said on Wednesday that electric vehicle (EV) giant Tesla likely will launch full self-drive technology this year and generate significant profits that offset some of the margin pressure it's facing due to aggressive price cuts.

"I hesitate to say this but I think we'll do it this year," said Tesla CEO Musk, speaking on a conference call. Musk has missed his previous targets to achieve self-driving capability dating back years.

After-hours movers: F5, Tesla fall post earnings; Las Vegas Sands, IBM gain

After-Hours Stock Movers:

F5 Networks (NASDAQ: FFIV) 5% LOWER; reported Q2 EPS of $2.53, $0.11 better than the analyst estimate of $2.42. Revenue for the quarter came in at $703 million versus the consensus estimate of $698.85 million. F5 Networks sees Q3... More

Tesla drops 7% after Q1 earnings miss; Analysts focused on margin compression

(Updated - April 20, 2023 5:59 AM EDT)

Investing.com -- Tesla reported Wednesday first-quarter earnings that just missed Wall Street estimates as margins were hurt by price cuts.

Tesla Inc (NASDAQ: TSLA) shares are down over 7% in pre-market Thursday following the news.

Tesla announced earnings per share of 85 cents on revenue of $23.30 billion. Analysts polled by Investing.com anticipated EPS of $0.86 cents on revenue of $23.78B.

Gross margins, which have been closely watched after Tesla cut the prices of its EVs several times, fell to 19.3% from 29.1% in the same period... More

Tesla settles with engineer accused of taking AI trade secrets

(Corrects typo in lead paragraph)

By Blake Brittain

(Reuters) - Tesla Inc has settled a lawsuit against one of its former engineers, Alexander Yatskov, whom it accused of stealing trade secrets related to its AI-training supercomputer Dojo, according to a filing on Wednesday in San Francisco federal court.

The joint filing said the terms of the settlement were confidential but Yatskov would make a monetary payment to the company.

Tesla (TSLA) says Cybertruck factory tooling on track; producing Alpha versions

With earnings, Tesla (NASDAQ: TSLA) says Cybertruck factory tooling on track; producing Alpha versions

Tesla (TSLA) Delivers 423K Vehicles in Q1, Produces 441K; Sees 50%+ CAGR in FY23 with 1.8M EVs

Tesla (NASDAQ: TSLA) delivered 422,875 vehicles in Q1: 412,180 Model 3/Y, and 10,695 Model S/X. The company produced 440,808 vehicles in Q1: 421,371 Model 3/Y, 19,437 Model S/X.

For 2023, the company expects to remain ahead of the long-term 50% CAGR with around 1.8 million cars for the year.

Tesla (TSLA) said it will leverage its position as a cost leader

With earnings, Tesla (NASDAQ: TSLA) said it will leverage its position as a cost leader.

Musk says Tesla will put sales growth ahead of profit

By Akash Sriram and Hyunjoo Jin

(Reuters) - Tesla Inc boss Elon Musk on Wednesday doubled down on the price war he started at the end of last year, saying the electric vehicle (EV) maker would prioritize sales growth ahead of profit in a weak economy.

The company posted its lowest quarterly gross margin in two years, missing market estimates, as it slashed prices aggressively in markets including the United States and China to spur demand and fend off rising competition.

Shares in the Austin, Texas-based automaker were down 6% in after-hours trading.

"It's... More

Tesla (TSLA) falls 2% after-hours following earnings miss

Tesla (NASDAQ: TSLA) falls 2% after-hours following earnings miss:

Tesla (TSLA) Misses Q1 EPS by 1c

Tesla (NASDAQ: TSLA) reported Q1 EPS of $0.85, $0.01 worse than the analyst estimate of $0.86. Revenue for the quarter came in at $23.3 billion versus the consensus estimate of $23.78 billion.

For earnings history and earnings-related data on Tesla (TSLA) click here.

Tesla (TSLA) call put ratio 1 call to 1 put into quarter results, outlook and margins

Tesla (NASDAQ: TSLA) April call option implied volatility is at 125, May is at 60; compared to its 52-week range of 59 to 96 into the expected release of quarter results today after the bell.

Midday movers: Netflix, Intuitive Surgical, Western Alliance Bancorp and more

By Liz Moyer

Investing.com -- Stocks are wobbling on Wednesday after mixed earnings reports and rising Treasury yields. Here are the market movers for April 19.

Profit for Tesla short sellers rises in April -S3 Partners

By Caroline Valetkevitch

NEW YORK (Reuters) -Tesla Inc short sellers have $2.16 billion in mark-to-market profits for April so far, but shorts remain down $5.52 billion for the year so far in mark-to-market losses, S3 Partners wrote in a research note on Wednesday ahead of the automaker's quarterly results due... 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

U.S. stocks are falling as investors weigh mixed earnings, rising yields

By Liz Moyer

Investing.com -- U.S. stocks were falling after earnings reports from Netflix and Morgan Stanley as investors worried about the Federal Reserves next move on interest rates.

At 10:06 ET (14:06 GMT), the Dow Jones Industrial Average was down 142 points or 0.4%, while... More

Tesla (TSLA) April call option implied volatility at 120, May is at 59 into quarter results

Tesla (NASDAQ: TSLA) April call option implied volatility is at 120, May is at 59; compared to its 52-week range of 59 to 96 into the expected release of quarter results today after the bell.

Active options: TSLA NFLX NVDA BBBY AAPL AMZN BAC META AMD

Active options: TSLA NFLX NVDA BBBY AAPL AMZN BAC META AMD

Rivian (RIVN), Lucid (LCID) and Fisker (FSR) 'may go bankrupt' as Tesla (TSLA) continues to cut prices - Trip Chowdhry

Trip Chowdhry of Global Equities Research has shared his rather grim outlook for the Electric Vehicle (EV) industry, after Tesla (NASDAQ: TSLA) announced yet another round of price cuts earlier today.

In his latest note, the analyst warns that with tech layoffs continuing and... 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

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

By Peter Nurse

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

Dow futures slide lower as investors digest earnings

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

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

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.

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

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

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

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

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

Tesla (TSLA) April option implied volatility into quarter results

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.

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

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

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

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

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