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

U.S. board rules Tesla (TSLA) violated labor laws by silencing workers

A U.S. labor board official ruled Tuesday that supervisors at Teslas (NASDAQ: TSLA) Florida service center have violated labor law by telling employees that they should not discuss pay and other working conditions, or bring complaints to higher level managers.

Management at the Orlando repair shop illegally silenced workers in 2021 after some of them complained that new hires were being paid more,... More

Mercedes-Benz launches new E-Class, its final ICE vehicle

Mercedes-Benz on Tuesday announced the launch of the German luxury automakers final new combustion engine model - the next generation of the E-Class. The new vehicle will be built in Germany and China and go on sale in Europe in the third quarter of this year.

It will... More

Hyundai and SK On finalize $5B EV battery venture in U.S.

Hyundai Motor Co. announced Tuesday that the South Korean automaker has finalized a $5 billion electric vehicle (EV) battery joint venture in the U.S., boosting electrification efforts in the country.

Hyundai and partner SK On, a battery unit of SK Innovation Co Ltd (096770.KS), will set up a... More

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

Tesla (TSLA) Hits Low, Down 3.5%

Tesla (NASDAQ: TSLA) Hits Low, Down 3.5%

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

Tesla (TSLA) stock dips on raised 2023 capex forecast

Tesla (NASDAQ: TSLA) shares are trading around 1.5% lower in pre-market Monday after the electric vehicle (EV) maker increased its capital expenditures forecast for this year.

Elon Musks company now expects its capex between $7 billion and $9B in 2023 and each of the following two years, the company said in a... More

Tesla (TSLA) raises 2023 capex forecast to $7-9 billion

Tesla (NASDAQ: TSLA) said it sees its capital expenditures to be between $7.00 to $9.00 billion in 2023 and in each of the following two fiscal years.

It was expecting capex to be $6b to $8b this year, then $7b to $9b each of the next two years.

Tesla Sets Target Of Producing 9,000 Model Y Vehicles In Shanghai For Export To North America In Q2 - Reuters

Tesla Sets Target Of Producing 9,000 Model Y Vehicles In Shanghai For Export To North America In Q2 - Reuters

Tesla, Government Of Canada Websites Show New, Cheaper Model Y Qualifies For Incentive Of Up To C$5,000 - Reuters

Tesla, Government Of Canada Websites Show New, Cheaper Model Y Qualifies For Incentive Of Up To C$5,000 - Reuters

Tesla Readies Export Of Model Y To Canada From China - Reuters

Tesla Readies Export Of Model Y To Canada From China - Reuters

Tesla (TSLA) option implied volatility low

Tesla (NASDAQ: TSLA) April weekly call option implied volatility is at 47, May is at 48; compared to its 52-week range of 48 to 96.

Active options: TSLA AMZN AAPL NVDA GOOGL META BABA

Active options: TSLA AMZN AAPL NVDA GOOGL META BABA

Tesla (TSLA) PT Lowered to $185 at Daiwa Securities

Daiwa Securities analyst Jairam Nathan lowered the price target on Tesla (NASDAQ: TSLA) to $185.00 (from $218.00) while maintaining a Outperform (2) rating.... More

Exclusive-Tesla readies export of Model Y to Canada from China – source, memo

SHANGHAI (Reuters) - Tesla has begun producing in Shanghai a version of the Model Y to be sold in Canada this year, the first time it will ship cars to North America from China, according to a person with direct knowledge of the plan and a production memo seen by Reuters.

The move would connect Tesla's biggest and most cost-efficient factory in the world to North America, its largest market. The Model Y is the electric vehicle (EV) maker's best-selling model globally.

Over the weekend, Tesla posted on its website that it would offer a new,... More

Exclusive-Tesla's Autopilot never claimed to be self-pilot -juror

By Abhirup Roy, Dan Levine and Hyunjoo Jin

LOS ANGELES (Reuters) - Jurors in what appears to be the first trial related to a crash involving Tesla's Autopilot feature told Reuters after the verdict on Friday that the electric-vehicle maker clearly warned that the partially automated driving software was not a self-piloted system, and that driver distraction was to blame.

A California state court jury on Friday handed Tesla Inc a sweeping win, finding that the automaker's Autopilot feature did not fail to perform safely and awarding plaintiff Justine Hsu zero damages.

The jurors' impressions are... More

Juror In Tesla Los Angeles Crash Case Says Autopilot Feature 'never Confessed To Be Self Pilot' - Reuters

Juror In Tesla Los Angeles Crash Case Says Autopilot Feature 'never Confessed To Be Self Pilot' - Reuters

S&P 500 struggles for direction on mixed quarterly results

By Yasin Ebrahim

Investing.com -- The S&P 500 struggled for direction Friday, as investors weighed a surge in Amazon and mixed quarterly earnings ahead of results from big tech next week. 

The S&P 500 rose 0.1%, the Dow Jones Industrial Average was flat, or 4 points higher, and the Nasdaq rose 0.2%.

Amazon.com (NASDAQ: AMZN) jumped more than 3% as its Whole Foods business is reportedly planning to cut hundreds of jobs as part of a... 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

Tesla (TSLA) April weekly option implied volatility at low end of range

Tesla (NASDAQ: TSLA) April weekly call option implied volatility is at 47, May is at 49; compared to its 52-week range of 48 to 96.

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

Active options: TSLA AMZN AAPL NVDA GOOGL META BABA AMC AMD

Active options: TSLA AMZN AAPL NVDA GOOGL META BABA AMC AMD

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

Active options: TSLA AMZN AAPL NVDA T META AMD BABA GOOGL

Active options: TSLA AMZN AAPL NVDA T META AMD BABA GOOGL

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

Tesla, Procter&Gamble and HCA rise premarket; SQM falls

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Friday, April 21st. Please refresh for updates.

Procter & Gamble (NYSE: PG) stock rose 2.2% after the consumer goods giant raised its full-year sales forecast,... More

Dow futures fall 60 pts; subdued trading on mixed earnings

By Peter Nurse    

Investing.com -- U.S. stocks are seen opening marginally lower Friday, adding to the previous sessions losses as investors digested a mixed set of quarterly earnings with more important economic data due. 

At 06:50 ET (10:50 GMT), the Dow Futures contract was down 60 points, or 0.2%, S&P 500 Futures traded 10 points, or 0.2%, lower and Nasdaq 100 Futures dropped 60 points, or 0.5%.

The main indices closed lower Thursday, with the tech-heavy Nasdaq Composite hit particularly hard, falling 0.8%, after Tesla (NASDAQ: TSLA) stock slumped almost 10% as... More

Group Of 17 Tesla (TSLA) Investors Accuse Board Of Poor Oversight - Bloomberg

Group Of 17 Tesla (NASDAQ: TSLA) Investors Accuse Board Of Poor Oversight - Bloomberg

SAP slashes outlook; Eurozone slowdown fears mount - what's moving markets

By Scott Kanowsky

Investing.com -- SAP cuts its outlook after the divestment of its Qualtrics unit, while the balance of European business activity tips towards services and Tesla shares drop sharply.

1. SAP lowers guidance

Shares in SAP (ETR: SAPG) slipped in early trading on Friday after the business software group slashed its annual profit guidance, following the divestment of its subsidiary Qualtrics.

The tech giant sees non-IFRS operating profit at a range of 8.6 billion to 8.9 billion in 2023, a decrease of 200 million from its previous outlook. Revenue... More

Truist Securities Downgrades Tesla (TSLA) to Hold, 'What surprised us is TSLA's stated willingness to reduce price further'

(Updated - April 21, 2023 8:09 AM EDT)

Truist Securities analyst William Stein downgraded Tesla (NASDAQ: TSLA) from Buy to Hold with a price target of $154.00 (from $245.00).

The analyst comments "Pricing trends amplify importance of TSLA's AI businesses, but diminish the value of its... More

Tesla (TSLA) April call option implied volatility at 65, May at 53

Tesla (NASDAQ: TSLA) April call option implied volatility is at 65, May is at 53; compared to its 52-week range of 59 to 96.

Tesla (TSLA) PT Lowered to $220 at Barclays

Barclays analyst Dan Levy lowered the price target on Tesla (NASDAQ: TSLA) to $220.00 (from $230.00) while maintaining a Overweight rating.... More

Tesla hikes US prices days after sixth price cut this year

(Reuters) -Tesla Inc raised the U.S. prices for its Model S and X premium electric vehicles on Thursday, according to its website, although they are still 20% lower than at the start of the year after a slew of price cuts to drum up demand.

The move came after Tesla shares slumped nearly 10% on Thursday after the automaker missed its margin target, hit by aggressive price cuts. On Friday, Tesla shares rebounded to close 1.3% higher at $165.08%.

Tesla's Model S Plaid and Model X Plaid - the... More

Stock market today: Dow ends down on Tesla drag, economic jitters

By Yasin Ebrahim

Investing.com -- The Dow pared some losses Thursday, but ended lower as Tesla led a slew of mostly disappointing quarter results just as economic data stoked further worries about a deeper slowdown.

The Dow Jones Industrial Average fell 0.3%, or 110 points, the S&P 500 fell 0.6%, 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... More

Procter&Gamble, Schlumberger, Freeport McMoran: 3 things to watch

By Liz Moyer

Investing.com -- Stocks were down in the final minutes of trading on Thursday amid lackluster earnings from some of the biggest U.S. companies.

Earnings season is just getting underway this week, so there is plenty more time for investors to gauge the health of the economy by way of corporate earnings.

While big banks benefited from rising rates in the form of higher interest... More

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

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