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

Daimler joint venture to build $650M nationwide charging network for electric trucks

Mercedes-Benz owned Daimler Truck on Friday introduced Greenlane, the name of its joint venture with NextEra Energy and BlackRock Alternatives.

The more than $650 million joint venture was formed to design, develop, install and operate a U.S. nationwide, high-performance zero-emission public charging and hydrogen fueling network for medium- and heavy-duty battery-electric and hydrogen fuel cell vehicles.

They also unveiled renderings of the site layout as a major milestone in the development of the... More

Texas house approves $200 annual fee on EVs, bill heads to Gov. Abbott’s desk

A Texas bill requiring electric vehicle drivers to pay an additional annual $200 fee passed the state House of Representatives Thursday with a unanimous vote of 145-0. SB 505 will now head to Gov. Greg Abbotts desk where it is expected to be signed.

Republican state Sen. Robert Nichols, who sponsored the legislation, said an additional electric vehicle fee is necessary because EV drivers don't pay gas taxes when they fuel their vehicles.

"As... More

Tesla (TSLA) drops price of 7-seat Model Y option by $1,000

Electric auto company Tesla (NASDAQ: TSLA) has dropped the price of its 7-seat option for its Model Y to $3,000, down from $4,000 previously.

The standard Model Y includes five seats, but buyers can upgrade to an option for seven seats. The Model Ys rear seats face forward, unlike the rear-facing seat... More

Japan announces $1.8B in subsidies for storage battery, chip projects

Industry Minister Yasutoshi Nishimura announced Friday that Japan will provide as much as $1.8 billion in subsidies for a slate of storage battery and chip-related projects, marking Tokyo's latest push towards greater supply chain security.

The Japanese government plans to give up to 184.6 billion yen ($1.38 billion) in subsidies for eight storage battery-related proposals and up to 56.4 billion yen for two semiconductor-related projects,... More

Tesla (TSLA) pulls Models S and X orders from Australian website

American electric vehicle giant Tesla (NASDAQ: TSLA) updated its Australian website Wednesday night to reflect that the company is no longer accepting orders for either the Model S or Model X from customers in the country. Prospective buyers will only be able to receive updates and not place orders for the companys flagship vehicles.

The $400 refundable pre-order option... More

BYD posts fivefold jump in 1Q profit

Chinese electric automaker BYD Co. posted a fivefold jump in its first-quarter profit on Thursday.

Net profit for the first three months of the year was 4.13 billion yuan ($596.56 million), up 410.9% from 808.41 million yuan a year earlier, on revenue up 79.8% at 120.17 billion yuan, the company said in a stock... More

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Active options: TSLA MSFT GOOGL FRC GOOG AMZN NVDA AAPL ATVI MARA

Tesla (TSLA) Falls to Low, Down 3.5%

Tesla (NASDAQ: TSLA) Falls to Low, Down 3.5%

Tesla broke U.S. labor law by silencing workers, official rules

By Daniel Wiessner

(Reuters) - Tesla Inc supervisors at a Florida service center violated U.S. labor law by telling employees not to discuss pay and other working conditions or bring complaints to higher level managers, a U.S. labor board official has ruled.

Managers at the Orlando repair shop illegally silenced workers in 2021 after some of them complained that new hires were being paid more, according to the decision issued Tuesday by National Labor Relations Board (NLRB) Administrative Law Judge Michael Rosas.

The judge ordered Tesla to cease and desist from violating workers'... More

Microsoft, Boeing, Humana rise premarket; Alphabet falls

Investing.com -- Stocks in focus in premarket trade on Wednesday, April 26th. Please refresh for updates.

Microsoft (NASDAQ: MSFT) stock rose 8% after Britains top competition regulator moved to block the software giants expensive acquisition of video game publisher Activision... More

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Active options: TSLA FRC AMC AAPL NVDA MSFT AMZN AMD

Jefferies downgrades Tesla (TSLA) to Hold after price cuts

Jefferies analyst Philippe Houchois downgraded Tesla (NASDAQ: TSLA) shares to Hold from Buy after the electric vehicle (EV) maker implemented several rounds of price cuts to boost demand for its products.

The price target goes to $185 per share, down from the prior $230, signaling returns of ~14% relative to... More

Jefferies Downgrades Tesla (TSLA) to Hold, 'relative price aggression is not supportive of a high multiple'

(Updated - April 26, 2023 4:24 AM EDT)

Jefferies analyst Philippe Houchois downgraded Tesla (NASDAQ: TSLA) from Buy to Hold with a price target of $185.00 (from $230.00).

The analyst comments "A strategy of growth over margin has its logic and resets expectations. It also... More

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

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

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Active options: TSLA FRC AMC AAPL NVDA AMZN AMD MSFT

Tesla (TSLA) to cut prices again as it struggles to hit its volume targets - analyst

Tesla (NASDAQ: TSLA) shares are down over 21% in April after the company delivered Q1 results last week.

The first quarter was characterized by several rounds of price cuts as Tesla struggles to attract demand in a difficult macroeconomic environment.

Every time that the Fed raises interest rates,... More

Bernstein Reiterates Underperform Rating on Tesla (TSLA), sees more price cuts

Bernstein analyst Toni Sacconaghi reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA).

"Tesla has now cut prices by 10 - 20%+ on its cars since the beginning of the year, yet the company still appears to be struggling to generate... 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

Midday movers: Tesla, Bed Bath&Beyond, First Republic and more

Investing.com -- Stocks were falling on Monday as investors prepared for a big wave of big tech and other corporate earnings reports. Here are the market movers for April 24.

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 raises 2023 spending forecast as it races to ramp up output

(Reuters) - Tesla Inc raised its capital expenditure forecast for 2023 on Monday as the automaker ramps up output at its factories to take advantage of the rising interest in electric vehicles.

The company, led by Elon Musk, said in a filing that it expects to spend between $7 billion and $9 billion this year, higher than its previous outlook of $6 billion to $8 billion.

It... More

Tesla (TSLA) Hits Low, Down 3.5%

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

Tesla's (TSLA) Dojo currently has 'zero chance of succeeding,' needs immediate course correction - Trip Chowdhry

Trip Chowdhry of Global Equities Research has shared harsh criticism of the way Tesla (NASDAQ: TSLA) is running its Dojo AI project, the company's own supercomputer designed to train machine learning models used in Tesla's autopilot software.

In his latest note, the analyst was not shy for words when describing the... More

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Active options: TSLA AMZN BBBY AAPL NVDA MSFT GOOGL

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

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