Ford (F) cuts price of Mach-E after Tesla (TSLA) raises prices in multiple markets

Tesla (TSLA) reportedly using BYD batteries to build Model Y at Giga Berlin

According to a report by Teslamag.de, citing reliable sources, electric vehicle giant Tesla (NASDAQ: TSLA) has begun building a Model Y variant in Germany using batteries made by the Chinese company, BYD. With these purchases, BYD becomes the fourth battery supplier for Tesla, alongside Panasonic, LG Energy Solutions and CATL.

A Model Y without an additional designation has been in the Tesla configurator for Europe since last August. The new Model Y, like the Giga Texas Model Y All-Wheel-Drive, uses both front... More

'We are not setting up a joint venture', VW and Bosch cancel plans for battery cells

Bosch announced Thursday along with German carmaker, Volkswagen that the two companies have cancelled their plans to create a joint venture to equip battery cell factories.

The joint venture, announced at the beginning of 2022, was designed to deliver battery production systems, as well as assisting battery cell manufacturers... More

UAW holds off on endorsing Biden for 2nd term citing EV policies

United Auto Workers (UAW) President Shawn Fain said in a letter to members seen by Reuters Wednesday that the Detroit-based union has yet to endorse President Joe Biden for a second term, citing concerns about electric vehicle policies.

"The federal government is pouring billions into the electric vehicle transition, with no strings attached and no commitment to workers. The EV transition is at serious risk of becoming a race to the bottom. We want to see national leadership have our back on this before we make any commitments," Fain... More

Ford (F) CEO says EV price cuts are 'a worrying trend'

Ford (NYSE: F) CEO, Jim Farley told a Wall Street Journal forum on Wednesday that price cuts in the electric vehicle market "is a worrying trend".

Rival EV automaker Tesla (NASDAQ: TSLA) incited what others are... More

Apple's Steve Wozniak to CNN: buy a Tesla (TSLA) 'if you want a study of AI gone wrong'

Apple (NASDAQ: AAPL) co-founder Steve Wozniak spoke with CNN This Morning Tuesday when he offered some off-hand commentary on Teslas (NASDAQ: TSLA) Autopilot struggles.

When asked if the tech guru ever speaks to Tesla CEO Elon Musk, Wozniak said hed never met Musk but that he admires some of the things Musk has done for the world. However, he said much of those achievements... More

Marco Rubio seeks investigation into Ford’s (F) Chinese partnerships

Republican U.S. Senator Marco Rubio on Wednesday asked President Joe Bidens administration to investigate Fords (NYSE: F) plan to partner with PT Vale Indonesia and China's Zhejiang Huayou Cobalt in a $4.5 billion nickel processing plant in Indonesia.

Rubio is the top Republican on the Senate Intelligence Committee and... More

Ford (F) expects $1.5B to $2B in restructuring charges in 2023

Ford (F) said in a regulatory filing on Wednesday that the company expects to take up restructuring charges between $1.5 billion and $2 billion in 2023. The charges come as part of the U.S. automaker's move to exit unprofitable locations and cut headcount.

The charges will be primarily attributed towards "employee... More

Tesla (TSLA) cuts price, resumes orders of long-range Model 3 in US

Teslas (NASDAQ: TSLA) website, late Tuesday, showed the EV automaker has resumed taking orders for its Model 3 long-range version in the United States following a temporary halt last year due to delivery backlogs.

The long-range version of the Model 3 is currently priced at... More

Active options: TSLA AMZN UBER NVDA SOFI META MSFT AAPL AMD COIN ACRE

Active options: TSLA AMZN UBER NVDA SOFI META MSFT AAPL AMD COIN ACRE

Piper Sandler cuts price target on Tesla (TSLA) following 10-Q filing

Piper Sandler reiterated an Overweight rating on Tesla (NASDAQ: TSLA) and cut their price target on the stock to $280.00 (From $300.00) to reflect information extracted from the electric automakers 10-Q filing.

Analyst Alexander Potter wrote in a note, Most investors will be unsurprised to learn that... More

Uber, Pfizer, Marriott rise premarket; Tesla, Chegg fall

Investing.com -- Stocks in focus in premarket trade on Tuesday, May 2nd. Please refresh for updates.

Pfizer (NYSE: PFE) stock rose 0.9% after the pharma giant beat first-quarter profit expectations as strong demand for new products helped offset... More

Dow futures fall 60 pts; Fed meeting, JOLTS data in focus

Investing.com -- U.S. stocks are seen opening in a subdued fashion Tuesday, with investors awaiting the start of the Federal Reserve two-day policy meeting as well as the release of more jobs data and corporate earnings.

At 06:50 ET (10:50 GMT), the Dow futures contract was down 60 points, or 0.2%, S&P 500 futures traded 6 points, or 0.1% lower, while Nasdaq 100 futures climbed 7 points, or 0.1%.

The main indices closed largely unchanged Monday, as the news that JPMorgan Chase (NYSE: JPM) had agreed to buy the... More

Tesla (TSLA) raises prices in key markets around the world; not about demand say Citi

American electric vehicle giant, Tesla (NASDAQ: TSLA) announced a price hike Tuesday for all variants of the companys Model 3 and Model Y vehicles in key markets, including the U.S., China, Japan, and Canada after several cuts this year. Citi analyst Jeff Chung believes that the hike is not about recovering demand.

According to our channel checks with dealers, we estimate new order... More

Tesla (TSLA) PT Lowered to $280 at Piper Sandler on higher capex and estimate cuts in 2023-2025

Piper Sandler analyst Alexander Potter lowered the price target on Tesla (NASDAQ: TSLA) to $280.00 (from $300.00) while maintaining a Overweight rating.

"We are adjusting our forecast and reducing our DCF-based price target to $280 (down from $300 previously), to reflect information extracted from the 10-Q.... More

Ford Motor (F) May weekly 12 straddle into quarter results

Ford Motor (NYSE: F) May weekly 12 straddle is priced for a move of 5.5% into the expected release of quarter results today after the bell.

Tesla raises prices in US, China, Japan and Canada

By Akriti Sharma

(Reuters) -Tesla Inc has raised prices in a range of up to $290 in Canada, China, Japan and the United States, its website showed on Monday, after the company slashed prices of its top-selling vehicles since the start of the year.

The hike was the first on its two top-selling models at the same time in multiple markets, although prices across its lineup are much lower than in January, after a round of discounts. Shares rose nearly 2% in early trading.

Last month Chief Executive Elon Musk said the company would prioritize sales growth... More

U.S. might delay decision to add EVs to biofuel credit program

According to a Reuters report Monday, citing unnamed sources, that the United States Government could delay a decision on giving eRIN tradable credits to EVs under a renewable fuel program over concerns about expected legal challenges.

Last year, the U.S. Environmental Protection Agency (EPA) proposed to significantly expand the current Renewable Fuel Standard (RFS) to include the so-called eRIN proposal which would allow automakers to generate eRINs tradable credits based on the EVs they sell by establishing contracts with parties that produce electricity from biogas.

The plan would have... More

Ford Motor (F) option implied volatility into quarter results

Ford Motor (NYSE: F) May weekly call option implied volatility is at 65, May is at 45; compared to its 52-week range of 33 to 587 into the expected release of quarter results after the bell on May 2.

Active options: TSLA NVDA AMZN SOFI AAPL AMD AMC JPM MSFT

Active options: TSLA NVDA AMZN SOFI AAPL AMD AMC JPM MSFT

Dow Jones, Nasdaq, S&P 500 weekly preview: The end of the Fed hiking cycle?

The S&P 500 (SPX) ended 0.9% higher last week to secure the highest weekly close since August last year. The index is now approaching a key 100 weekly moving average at 4203 in what would be the first test of this important technical indicator in 8 months.

The Dow Jones Industrial Average (DJI) also rose 0.9%. More importantly, the index secured the first weekly close above the key descending trend line (~33800), which acted as major resistance for several months. This should be seen as a bullish sign.

Finally, strong Big Tech earnings lifted Nasdaq Composite Index (IXIC) 1.3% higher last week. The... More

First Republic, Fed meeting, Apple earnings - what's moving markets

Investing.com -- First Republic Bank has been taken over by Californian authorities with JPMorgan Chase assuming its deposits, at the start of a week that includes a Federal Reserve meeting, Apple earnings, and the monthly U.S. jobs report.

1. First Republic Bank falls

First Republic Banks (NYSE: FRC) days as a stand-alone entity are over, after California's financial regulator announced on Monday that it has taken possession of the San Francisco-based lender, while JPMorgan Chase (NYSE:... More

Biden Administration Considers Delaying Final Rule On Incorporating Electric Vehicle Industry Into Us Biofuel Blending Program - Reuters

Biden Administration Considers Delaying Final Rule On Incorporating Electric Vehicle Industry Into Us Biofuel Blending Program - Reuters

Ford Motor (F) May weekly 12 straddle into quarter results

Ford Motor (NYSE: F) May weekly 12 straddle is priced for a move of 6% into the expected release of quarter results after the bell on May 2.

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

Active options: TSLA AMZN AAPL MSFT FRC META NVDA INTC SNAP GOOGL

Active options: TSLA AMZN AAPL MSFT FRC META NVDA INTC SNAP GOOGL

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

Ford Motor (F) option implied volatility into quarter results

Ford Motor (NYSE: F) May weekly call option implied volatility is at 54, May is at 45; compared to its 52-week range of 33 to 587 into the expected release of quarter results after the bell on May 2.

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

Ford Motor (F) May weekly 11.50 straddle into quarter results

Ford Motor (NYSE: F) May weekly 11.50 straddle is priced for a move of 6.5% into the expected release of quarter results after the bell on May 2.