Tesla (TSLA) seeks approval to expand Shanghai plant, add pouch battery cell production

Fisker (FSR) explores collaboration with other companies

Fisker (NYSE: FSR) CEO, Henrik Fisker said Wednesday that the electric automaker is exploring collaborations with other companies to scale up market share faster.

"Buyers aren't loyal anymore to their traditional brands. That changes everything. If we collaborate with someone, you can scale quicker ... it could be with suppliers, other car companies, tech companies - we are exploring all these avenues," Fisker said, speaking at the Reuters Automotive Conference in Munich.

During interviews at the conference on Tuesday, senior executives from Polestar (NASDAQ: PSNY) and Smart, rival... More

Tesla (TSLA) reopens talks with India, proposes new EV factory

Reuters reports, citing a source with direct knowledge of the matter, that electric vehicle giant Tesla (NASDAQ: TSLA) told government officials on Wednesday they would like to build a factory in India to build electric cars for domestic sale and... More

Stellantis (STLA) warns UK factories will close if Brexit deal is not changed

Stellantis (NYSE: STLA), the world's No. 3 carmaker by sales and owner of 14 brands including Vauxhall, Peugeot, Citroen and Fiat has warned the U.K. that British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated.

According to Stellantis, under the current deal it would face tariffs when exporting electric vans to Europe... More

China's BYD launches autonomous driving division and extensive recruitment drive

BYD Co, the largest electric vehicle manufacturer in China, is well aware of its lag behind competitors in autonomous driving technology. In order to address this weakness, the company has established a new division and launched an extensive recruitment campaign.

During an investor forum this month, Senior Vice President Stella Li revealed that BYD Co has successfully recruited approximately 4,000 to 5,000 software engineers. In a transcript verified by the company, she stated, "Although we are currently not leading the pack, we are committed to delivering a... More

Tesla's (TSLA) shareholder meeting: Musk unveils product updates, strategic plans, and an advertising shift; Analysts positive

Tesla (NASDAQ: TSLA) held its annual shareholder meeting in Austin Texas on Tuesday where CEO Elon Musk updated investors on the companys current product fleet, FSD, its Cybertruck production ramp, and plans to complete Part 3 of its Master Plan to provide a path towards a 100% sustainable economy.

The meeting took place just days after Musk announced that there will be a new person heading up Twitter, signaling to TSLA shareholders he may have more time to spend on the electric vehicle giant.

The multi-billionaire reiterated his commitment to... More

Stifel starts EVgo (EVGO) at Buy, believes company is positioned well to capitalize on growth trend

Stifel initiated coverage of EV fast charging company, EVgo Inc. (NASDAQ: EVGO) with a Buy rating and set their 12 month price target for the stock at $9.00.

EVgo is a leading EV charging company based in Los Angeles. Their primary business is the... More

Gov. Abbott signs annual EV tax bill into law

Texas Governor, Greg Abbot signed Senate Bill 505 into law over the weekend, requiring electric vehicle owners to pay $400 to register a new electric vehicle, on top of other fees. Renewing registration will cost $200.

The purpose of the fee is to guarantee that owners of electric vehicles contribute their fair portion towards highway expenses, typically funded by a 20 cent-per-gallon gas tax paid by owners of gasoline-powered and hybrid vehicles.

The bill passed a vote in the... More

Tesla (TSLA) Model 3 dominates reliability study, outperforming ICE counterparts

Teslas (NASDAQ: TSLA) participated in a new reliability study by the Allgemeiner Deutscher Automobil-Club (ADAC) in Germany where their electric Model 3 crushed its internal combustion engine (ICE) counterparts.

It should come as no surprise that electric vehicles (EVs) are generally more reliable than their fossil-fuel-powered counterparts, given their remarkable mechanical simplicity. The superiority of EVs in terms of reliability has been... More

Tesla (TSLA) To Meet Indian Officials This Week - Reuters

Tesla (TSLA) To Meet Indian Officials This Week - Reuters

Tesla (TSLA) introduces discounts for business and fleet buyers in Germany

Electric automaker, Tesla (NASDAQ: TSLA) announced Monday that they have implemented additional discounts for business customers in Germany, signaling the companys increasingly aggressive pricing strategy.

According to a company representative, fleet buyers can now take advantage of an extra 2,250 euro ($2,447) discount. This... More

Elon Musk says Tesla not immune to tough economy that he foresees

By Hyunjoo Jin and Akash Sriram

(Reuters) -Tesla Inc CEO Elon Musk warned on Tuesday that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months.

At the company's annual shareholder meeting in Austin, Texas, Musk played down market rumors that he may step down as CEO of Tesla, touched upon two new mass-market models it is developing, and reaffirmed that deliveries of its long-delayed Cybertruck pickup would start this year.

In a sign of tough times even for Tesla, the market leader in electric... More

Tesla applies to expand Shanghai plant, add pouch battery cell output

(Reuters) - Tesla Inc has applied for regulatory clearance to expand its Shanghai plant and to begin producing for the first time pouch-type battery cells, albeit in small numbers.

An undated public notice said the potential expansion would give the Shanghai Gigafactory the capacity to produce 1.75 million powertrain units annually, up from 1.25 million currently.

It was not clear from the notice, posted on the website of the district where the factory is located, whether Tesla is committed to moving ahead with the expansion or is only seeking approval for potential, future capacity.

Tesla did not... More

Tesla (TSLA) option implied volatility into annual shareholder meeting

Tesla (NASDAQ: TSLA) May call option implied volatility is at 54, June is at 49; compared to its 52-week range of 45 to 96 into annual shareholder meeting today.

Elon Musk documents subpoenaed in Jeffrey Epstein lawsuit by US Virgin Islands

By Tom Hals

WILMINGTON, Delaware (Reuters) -The U.S. Virgin Islands has subpoenaed Tesla Inc CEO Elon Musk for documents in its lawsuit accusing JPMorgan Chase & Co of helping enable sexual abuses by late sex offender Jeffrey Epstein.

The subpoena, issued on April 28, came to light on Monday in a request by the Virgin Islands to serve Musk by alternative means because it had been unable to locate and serve him.

The U.S. territory did not seek to question Musk under oath, and its effort to subpoena him does not implicate him in any wrongdoing.

Elon Musk Was Subpoenaed In JPMorgan Epstein Suit By Usvi - Bloomberg

Elon Musk Was Subpoenaed In JPMorgan Epstein Suit By Usvi - Bloomberg

Tesla (TSLA) option implied volatility into annual shareholder meeting on May 16

Tesla (NASDAQ: TSLA) May call option implied volatility is at 54, June is at 49; compared to its 52-week range of 45 to 96 into annual shareholder meeting on May 16.

Musk tells Tesla staff he must approve all hiring- memo

(Reuters) - Tesla Inc CEO Elon Musk has said that the company can make no new hires unless he personally approves them, including contractors, according to a copy of the email seen by Reuters.

According to the email, Musk told executives to send him a list of hiring requests... More

Musk Tells Tesla (TSLA) Staff He Must Approve All Hiring - The Information

Musk Tells Tesla (NASDAQ: TSLA) Staff He Must Approve All Hiring - The Information

Musk: Tesla to make significant investments in France at some point

PARIS (Reuters) - US electric car manufacturer Tesla will make significant investments in France, its CEO Elon Musk said in Versailles on Monday, adding that he could not give a timetable.

Asked after a meeting with French President Emmanuel Macron whether Tesla planned to announce investments in France,... More

Tesla (TSLA) faces another lawsuit over impact of software updates on EV batteries

Tesla (NASDAQ: TSLA) is again confronted with a class action lawsuit for limiting the battery capacity inside its vehicles through a software update. A group of U.S. Tesla Model S and Model X owners filed a proposed class-action lawsuit against the electric vehicle manufacturer on Friday claiming the companys automatic software updates allegedly resulted in reduced driving range or even battery... More

Active options: TSLA AMZN GOOGL SOFI AAPL NVDA AMD GOOG PACW

Active options: TSLA AMZN GOOGL SOFI AAPL NVDA AMD GOOG PACW

Tesla (TSLA) option IV into annual shareholder meeting

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 48; compared to its 52-week range of 45 to 96 into annual shareholder meeting on May 16.

Soros exits Tesla (TSLA), reduces Rivian (RIVN) stake after 90% drop from peak

Soros Fund Management, the family office of George Soros, cut its holdings in Rivian Automotive (NASDAQ: RIVN) following the electric automakers 90% share decline from its intraday peak in November 2021. The billionaire also slashed its $16 million stake in Tesla (NASDAQ: TSLA), effectively eliminating their investment in the EV giant.

Soros purchased... More

Tesla's 'Unboxed Process': Revolutionizing auto manufacturing or a risky endeavor?

Tesla (NASDAQ: TSLA) introduced a new vehicle-assembly systemin March, sparking instant buzz and debate among industry specialists on whether the system, known as the "unboxed process," devised by CEO Elon Musk is a radical innovation, a visionary departure from traditional methods, a derivative concept, or a combination.

Musk believes the company needs to radically rethink conventional manufacturing methods in order to produce electric vehicles at larger volumes that are both more affordable and profitable.

Investors have eagerly anticipated the revelation of what many consider to be Tesla's holy grail: an electric... More

Analysis-Tesla’s new car-making process stokes debate among industry experts

By Norihiko Shirouzu, Paul Lienert and Victoria Waldersee

(Reuters) - Tesla Inc's new vehicle-assembly system, which created instant buzz when it was unveiled in March, ignited a debate among auto manufacturing experts on whether CEO Elon Musk's so-called unboxed process is radical, revisionist or derivative - or all of the above.

Musk believes the company needs to radically rethink conventional manufacturing methods in order to build more affordable - and profitable - electric vehicles in higher volumes.

Investors have been waiting for Tesla, the world's most valuable automaker, to announce what is perceived as the company's... More

Active options: TSLA AAPL GOOGL AMZN NVDA AMD MSFT GOOG META

Active options: TSLA AAPL GOOGL AMZN NVDA AMD MSFT GOOG META

Elon Musk says he plans to devote more time to Tesla (TSLA)

Elon Musk says he plans to devote more time to Tesla (NASDAQ: TSLA)

Obviously, bringing on Linda allows me to devote more time to Tesla, which is exactly what I will be doing!

Midday movers: First Solar, Tesla, Charles Schwab and more

Investing.com -- Stocks were headed for another down week after weaker-than-expected consumer sentiment for May. Here are the market movers for May 12.

Tesla (TSLA) gains valuable endorsement for FSD in China

Electric vehicle giant, Tesla (NASDAQ: TSLA) has gained an important partner in their mission to promote their vehicles, as well as the companys full self-driving program in China.

The Shanghai Municipal Commission of Economy and Informatization (SMCEI) has effectively endorsed the company through a public commitment released by the SMCEI, which was subsequently reported initially... More

Tesla (TSLA) revamps referral program with a chance to win a free Cybertruck

It appears that Tesla (NASDAQ: TSLA) has overhauled its Referral Program, and the changes are quite intriguing. According to observations from the Tesla community, the updated program offers credits towards vehicle purchases, along with an enticing lottery for a pre-release version of the Cybertruck.

According to the electric automakers support page, both existing and new owners are eligible to receive credits. Existing Tesla owners can obtain Referral Credits,... More

Active options: TSLA AAPL GOOGL NVDA AMD AMZN NFLX MSFT META

Active options: TSLA AAPL GOOGL NVDA AMD AMZN NFLX MSFT META

Elon Musk confirms Linda Yaccarino will be new CEO of Twitter

Elon Musk confirms Linda Yaccarino will be new CEO of Twitter

I am excited to welcome Linda... More

U.S. stocks were wobbling amid tepid consumer sentiment

Investing.com -- U.S. stocks were wobbling as investors digested data that showed inflation was cooling but sentiment was weaker than expected.

At 11:34 ET (15:34 GMT), the Dow Jones Industrial Average was down 80 points or 0.2%, while the S&P 500 was down 0.3% and the NASDAQ Composite was down 0.5%.

Vague rumors Musk could also step down as Tesla CEO after Twitter CEO news

There is a vague rumor from cleantechnica.com that now that Elon Musk has stepped aside at Twitter, he also may step aside at Tesla (NASDAQ:... More

Active options: TSLA GOOGL NVDA AAPL AMZN AMD META GOOG DIS NFLX

Active options: TSLA GOOGL NVDA AAPL AMZN AMD META GOOG DIS NFLX

Tesla (TSLA) raises prices on Model S, X, and Y vehicles in the U.S.

Shares of Tesla (NASDAQ: TSLA) are up more than 2% in pre-market trading Friday after the electric vehicle giant increased the U.S. prices of its Model S, X, and Y electric vehicles by low single-digit percentages on Thursday, though prices are still considerably lower than at the beginning of the year.

The companys website showed raised prices... More

Tesla (TSLA) to recall 1.1M imported and China-made vehicles

Chinese regulators announced Friday they received a notification from Tesla (NASDAQ: TSLA) that the electric automaker will deploy software updates to more than 1 million vehicles to allow changes to braking methods and more warnings about the use of accelerator pedals.

According to... More

Musk nabs ex-NBCUniversal ad chief Yaccarino as new Twitter CEO

By Dawn Chmielewski and Sheila Dang

(Reuters) - Elon Musk has named former NBCUniversal advertising chief Linda Yaccarino as Twitter's new CEO, as the company tries to reverse a plunge in ad revenue.

Yaccarino will take over a social media platform beset with challenges and a heavy debt load, after she spent several years modernizing the advertising business at NBCUniversal, which is owned by Comcast Corp.

"I am excited to welcome Linda Yaccarino as the new CEO of Twitter!" Musk said in a tweet on Friday. "@LindaYacc will focus primarily on business operations, while I focus... More

NBCUniversal ad chief Linda Yaccarino to be Twitter CEO - Reports

NBCUniversal ad chief Linda Yaccarino to be Twitter CEO - Reports

CPCA releases April NEV sales data, BYD leads holding 34.5% of the market

Sales of electric cars and plug-in hybrids in China fell slightly in April. According to data from the China Passenger Car Association (CPCA), 606.8k new energy vehicles (NEVs) were sold in April, a 2% drop from March. However, compared year-on-year, this marks an increase of 116%. Aprils NEV penetration rate reached 33.9%, a 2.9ppt jump over March and a 5.9ppt jump over last year.

A look at the manufacturers shows that BYD heads the list with 209.5k NEVs, a 99% increase over last years numbers, bringing... More

New Twitter CEO may free up Musk to steer Tesla through easing demand

By Akash Sriram

(Reuters) -Elon Musk's appointment of a new Twitter chief may free up the billionaire from a major distraction and allow him to focus more on Tesla Inc, analysts said on Friday.

Tesla shares, which have gained 40% this year, reversed course to trade down about 2% as broader markets fell. The stock had its worst year in 2022, losing 65%, amid Musk's on-again, off-again offer for Twitter.

Musk said on Friday NBCUniversal executive Linda... More

Tesla, PacWest and Icahn Enterprises rise premarket; Fox falls

Investing.com -- Stocks in focus in premarket trade on Friday, May 12th. Please refresh for updates.

Tesla (NASDAQ: TSLA) stock rose 2% after CEO Elon Musk tweeted on Thursday that he had... More

Dow futures rise 145 pts; Michigan sentiment data, Twitter news in focus

Investing.com -- U.S. stocks are seen opening higher Friday on growing optimism that the Federal Reserve may pause its monetary tightening campaign, although concerns about a potential recession remain, along with worries about the debt ceiling and the banking sector.

At 07:00 ET (11:00 GMT), the Dow Futures contract was up 145 points, or 0.4%, S&P 500 Futures traded 15 points, or 0.5%, higher and Nasdaq 100 Futures climbed 28 points, or 0.2%.

The blue-chip Dow Jones Industrial Average closed over 200 points, or 0.7%, lower Thursday, recording a fourth straight losing session, on renewed concerns about deposit outflows in the... More

Tesla (TSLA) adds to Thursday's gains on new Twitter CEO, EV price hike

Shares of Tesla (NASDAQ: TSLA) added 1.5% in pre-open trading Friday after news Elon Musk is naming a new CEO to Twitter and as the company lifted prices slightly in the U.S. on all models: