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

Chinese state media reports country will speed construction of EV charging facilities

Chinese state media reports Friday, quoting the nation's cabinet, that the country will speed up the construction of charging facilities for new energy vehicles (NEV) such as electric cars, and improve policies for purchasing and using them.

The government is studying policies to promote auto consumption and support... More

Tesla (TSLA) delivered 75,842 China-made vehicles in April, down 14.7% from March

China Passenger Car Association (CPCA) showed on Friday that electric vehicle maker Tesla delivered 75,842 China-made vehicles in April. Deliveries were down 14.7% compared to March, but a huge jump from a year earlier, when the city of Shanghai was in a COVID-19 lockdown. In April last year, the company delivered only 1,512 China-made Model 3 and Model Y cars.

Rival... More

Tesla (TSLA) increases price of new Model S and X in China

According to the companys website Friday, electric automaker, Tesla (NASDAQ: TSLA) raised prices on their Model S and Model X vehicles in China. The move follows hikes to its other vehicles three days prior.

The automaker raised prices by 19,000 Chinese yuan ($2,749)... More

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

Active options: TSLA AMD NVDA AAPL AMZN UBER AMC FRCB SBUX F

Active options: TSLA AMD NVDA AAPL AMZN UBER AMC FRCB SBUX F

Apple (AAPL) May weekly option implied volatility into quarter results

Apple (NASDAQ: AAPL) May weekly call option implied volatility is at 63, May is at 30; compared to its 52-week range of 23 to 45 into the expected release of quarter results after the bell on May 4.

UK antitrust regulator refused permission to appeal Apple probe ruling

LONDON (Reuters) -Britain's antitrust regulator was on Wednesday refused permission to appeal against a ruling that it had no power to open an investigation into Apple Inc's mobile browser and cloud gaming services.

Apple won an appeal in March against the decision by the Competition and Markets Authority... 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

Apple results could mark weak finish to Big Tech earnings

By Yuvraj Malik and Aditya Soni

(Reuters) - Apple Inc will likely report a more than 4% drop in revenue, its second straight quarterly decline, weighed down by consumers shunning non-essential purchases such as iPhones and Mac computers and slowing growth at its services business.

The results on Thursday from the world's most valuable company will follow better-than-expected earnings from U.S. technology peers, which had raised hopes that the worst may be over for a sector that has laid off tens of thousands this year.

Apple, an industry outlier with no mass layoffs so... More

Stocks expected to have increasing option volume: DASH SBUX DISH Z AAPL MRNA

Stocks expected to have increasing option volume: DASH SBUX DISH Z AAPL MRNA

Apple (AAPL) May weekly 167 straddle into quarter results

Apple (NASDAQ: AAPL) May weekly 167 straddle is priced for a move of 4.5% into the expected release of quarter results after the bell on May 4.

Active options: TSLA AAPL AMZN META NVDA F MSFT AMD AMC

Active options: TSLA AAPL AMZN META NVDA F MSFT AMD AMC

Tesla resumes U.S. orders for a Model 3 version at lower price, range

(Reuters) -Tesla Inc has resumed taking orders for its Model 3 long-range vehicle in the United States, the company's website showed late on Tuesday, after a temporary halt last year due to delivery backlogs.

The long-range version of the entry-level Model 3 is priced at $47,240 currently, about 18.5% less than the $57,990 it was priced at last August when Tesla halted taking orders in the United States and Canada.

Active options: TSLA AMZN NVDA UBER SOFI AAPL AMD META

Active options: TSLA AMZN NVDA UBER SOFI AAPL AMD META

Baird raises estimates on Apple (AAPL) ahead of 2Q release

Baird reiterated an Outperform rating on Apple, Inc. (NASDAQ: AAPL) and raised their price target on the stock to $180.00 (From $170.00) ahead of the technology companys 2Q earnings report. Apple is scheduled to report results after market close on May... More

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

Ford (NYSE: F) announced Tuesday that the American automaker is cutting prices on its Mustang Mach-E electric vehicle and reopening orders after a series of price cuts by rival automaker Tesla Inc (NASDAQ: TSLA).

Ford said it is cutting most Mach-E prices by $3,000 or $4,000 depending on the version. Last month, the federal EV tax credit for the Mach-E fell in half to $3,750 from $7,500 after new... 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

Apple fights $2 billion London lawsuit for 'throttling' millions of iPhones

By Sam Tobin

LONDON (Reuters) - Apple Inc urged a London tribunal on Tuesday to block a $2 billion mass lawsuit accusing it of hiding defective batteries in millions of iPhones by "throttling" them with software updates.

The tech giant is facing a lawsuit worth up to 1.6 billion pounds plus interest, brought by consumer champion Justin Gutmann on behalf of iPhone users in the United Kingdom.

Gutmann's lawyers argued in court filings that Apple... More

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

We believe Apple (AAPL) is seeing moderate headwinds in its hardware businesses - TD Cowen

TD Cowen analyst Krish Sankar reiterated an Outperform rating and $195.00 price target on Apple (NASDAQ: AAPL).

"We believe AAPL is seeing moderate headwinds in its hardware businesses as iPhones face a modest contraction in premium device demand and the iPad and Mac businesses could be weighed down by consumer and enterprise trends. Our... 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

Apple (AAPL) PT Raised to $180 at Baird

Baird analyst William Power raised the price target on Apple (NASDAQ: AAPL) to $180.00 (from $170.00) while maintaining a Outperform rating.... More

Fed meeting looms, debt ceiling deadline, Eurozone CPI - what's moving markets

Investing.com -- U.S. futures point slightly lower with Federal Reserve's latest policy-setting meeting set to get underway, while Pfizer leads the day's earnings charge and debt ceiling negotiations in Washington face a tighter-than-anticipated deadline. Meanwhile, inflation in the euro inches up ahead of the European Central Bank's own gathering later this week.

1. Futures inch down but hold near flatline as Fed meeting approaches

U.S. stock futures were in the red on Tuesday, but largely hovered around the flatline, as attention shifted to what could be a pivotal Federal Reserve meeting (see... More

Apple (AAPL) May weekly 170 straddle into quarter results

Apple (NASDAQ: AAPL) May weekly 170 straddle is priced for a move of 4.5% into the expected release of quarter results after the bell on May 4.

Evercore ISI Reiterates Outperform Rating on Apple (AAPL) into earnings

Evercore ISI analyst Amit Daryanani reiterated an Outperform rating and $190.00 price target on Apple (NASDAQ: AAPL).

"We remain positive on AAPL as we see a combination of new product launches (AR/VR in June), stable demand trends (relatively) and their... More

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

S&P 500 flat as investors weigh First Republic rescue ahead of Fed decision

Investing.com -- The S&P 500 struggled for direction Monday as investors kept their powder dry ahead of the Federal Reserve decision later this week and weighed the government takeover and sale of First Republic to JPMorgan. 

The S&P 500 was flat, the Dow Jones Industrial Average fell 0.1%, or 27 points lower, and the Nasdaq slipped 0.1%.

JPMorgan Chase&Co (NYSE: JPM) rose more than 2% after bolstering its market share as it emerged as the preferred suitor to purchase First Republic Bank after the regional lender was taken over by regulators. The... 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

U.S. stocks head higher after JPMorgan's deal for First Republic

Investing.com -- U.S. stocks were rising after federal regulators seized First Republic Bank (NYSE: FRC) and sold its deposits and most of its assets to JPMorgan Chase.

At 9:51 ET, the Dow Jones Industrial Average was up 90 points or 0.3%, while the S&P 500 was up 0.2% and the NASDAQ Composite was up 0.1%.

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

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

Apple (AAPL) iPhone demand 'notably softened' in March, suggests H2 risk - UBS

Apple (NASDAQ: AAPL) iPhone demand "notably softened" in March, according to UBS analyst David Vogt on Monday.

The analyst, who has a Buy rating and $180 price target on AAPL shares, told clients in a note that iPhone sell-through declined by almost 4% in March, although he remarked that growth in China accelerated.

"iPhone sell-through in the month of March was down almost 4% YoY to ~17 million units," the analyst wrote. "In the US,... More

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

Apple (AAPL): iPhone sell-through declined almost 4% in the month of March as US demand notably softened - UBS

UBS analyst on Apple (NASDAQ: AAPL): "iPhone sell-through in the month of March was down almost 4% YoY to ~17 million units (Source: Counterpoint). In the US, Apple's largest market, iPhone sell-through was just 4.5 million units, down ~8% YoY vs 6.6% growth in February. The 4.5 million units sold in the US during March was the... More

Apple (AAPL) earnings preview: Analysts continue to raise targets

Apple (NASDAQ: AAPL) is due to report later this week after the majority of other mega-cap peers mostly outperformed in the last 2 weeks.

The iPhone maker is expected to report results for the March quarter on Thursday, May 04, after market close. The Street expects Apple to report EPS of $1.43 on revenue of $92.9 billion.

Analysts are mostly positive on Apple into this weeks earnings report, although a 30.6% rally in stock year-to-date is likely to limit any big upside move.

Bank of America analyst Wamsi Mohan raised the price target to $173 per share... 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

Wedbush's Ives Reiterates Outperform Rating on Apple (AAPL) Into Earnings, Says All Focus on Stable iPhone Demand Despite Macro Storm

Wedbush analyst Daniel Ives reiterated an Outperform rating and $205.00 price target on Apple (NASDAQ: AAPL).

"Based on our recent Asia supply chain checks we believe Apple should post at least in-line iPhone revenues when the company reports Thursday after the bell.... More

Apple (AAPL) PT Raised to $173 at BofA Securities, Sees 'Slight Beat' for Q2

BofA Securities analyst Wamsi Mohan raised the price target on Apple (NASDAQ: AAPL) to $173.00 (from $168.00) while maintaining a Neutral rating ahead of March quarter results, where they see a slight beat.

The analyst commented, "Apple is set to report... More