Gotion High-Tech launches 1000km range EV battery

California pushes Biden Admin to ban sales of new gas-vehicles by 2035

According to an exclusive report from Reuters on Tuesday, California's Air Resources Board (CARB) has asked the Biden administration to give the green light to a plan that would require all new vehicles sold in the state by 2035 to be either electric or plug-in electric hybrids. This landmark move, mentioned in a letter seen by Reuters, could help hasten the... More

Secretary Buttigieg voices 'real concern' over Tesla (TSLA) autopilot driver interaction

U.S. Transportation Secretary Pete Buttigieg voiced his concerns Tuesday over the interaction between Teslas (NASDAQ: TSLA) full self-driving program and drivers.

"There is a real concern that's not limited to the technology itself but the interaction between the technology and the driver," Buttigieg told reporters when asked about the Tesla Autopilot probe.

This issue has been under investigation by the National Highway Traffic Safety Administration (NHTSA) since 2021,... More

NIO Inc. (NIO) to hold ES6 launch event Wednesday

Chinese electric automaker NIO Inc. (NYSE: NIO) announced Tuesday that that it expects to host the all-new ES6 launch event in China on Wednesday, May 24, 2023.

The event will start at 7:00 AM U.S. Eastern Time and the live video webcast will be accessible on multiple platforms in Mandarin Chinese, including nio.cn and NIO app.

The ES6 and an ET7 sedan will... More

Oppenheimer remains sidelined on Tesla (TSLA), acknowledges innovation and production milestones

Oppenheimer reiterated a Perform rating on Tesla (NASDAQ: TSLA) after visiting the electric automakers factory in Austin Texas. Austin production reached 5K vehicles/week in May shortly after Berlin.

Based on Oppenheimer's analysis, the current production of 4680 batteries is on track to sustain a rate of 1,000 vehicles per week. They anticipate that Tesla will primarily dedicate the majority of its 4680 battery capacity to support the ramp-up of the Cybertruck production, considering the improved availability of... More

Tesla (TSLA) expands Canadian market with China-made Model 3 and Model Y vehicles

Tesla's (NASDAQ: TSLA) website confirmed on Tuesday that the electric vehicle company has officially made China-produced Model 3 and Model Y models available for purchase in Canada. This announcement confirms that Tesla has successfully completed its initial shipments from its Shanghai factory to North America.

The website showed both... More

Exxon (XOM) quietly joins lithium hunt as EV demand continues to grow

A Wall Street Journal exclusive reports over the weekend that the oil and gas company, Exxon Mobil (NYSE: XOM) recently purchased drilling rights to a sizable chunk of Arkansas land from which it aims to produce lithium, a key ingredient in batteries for electric cars, cell phones and laptops.

Exxon has reportedly acquired... More

Tesla offering discounts of over $1,300 on some U.S. Model 3 cars-website

By Hyunjoo Jin

San Francisco (Reuters) - Tesla is offering discounts of more than $1,300 on some Model 3 cars in its U.S. inventory following even heavier discounts in Europe, according to a Reuters' review of its website, even as the electric carmaker has raised U.S. prices on most newly ordered cars this month.

Facing economic headwinds and mounting competition, Tesla this year has aggressively cut vehicle prices in several regions and is resorting to the traditional automakers' tactic of offering incentives to clear inventory, analysts said.

On Tuesday, CEO Elon Musk told shareholders Tesla will... More

Lawsuit claims Revel driver experienced 'unintended acceleration' in Tesla (TSLA)

A driver for electric ridesharing startup, Revel is suing Tesla (NASDAQ: TSLA) over claims of "unintended acceleration". The plaintiffs lawyer noted that a Tesla suddenly and automatically took off, forcing the driver to crash the vehicle.

The lawsuit was filed earlier this week with the New York State Supreme Court. The filing noted that plaintiff Akm Shamsuzzaman showed up for work at Revel Transit, where he was employed as a driver, on January 29 and was assigned to... More

Meta (META) already testing its Twitter competitor with influencers, may debut as soon as June

(Updated - May 19, 2023 1:48 PM EDT)

Meta Platforms (NASDAQ: META) is set to release its rumored Twitter competitor as soon as next month, Bloomberg reported on Friday.

According to people familiar with the matter, Instagram, the company's subdivision known for its eponymous... More

Meta's (META) Instagram Readies Twitter Competitor For Summer Release - Bloomberg

Meta's (META) Instagram Readies Twitter Competitor For Summer Release - Bloomberg

U.S. administration announces $51M investment towards EV charging network

The Biden-Harris administration, on Thursday announced a $51 million Ride and Drive Electric funding opportunity through President Bidens Bipartisan Infrastructure Law to accelerate the electrification of the nations transportation sector and spur private sector investments in clean transportation.

This funding will help to increase reliability of chargers by providing funding for validating and testing charging equipment and increase opportunities for underserved communities through new jobs and training resources.

Thanks to President Bidens Investing in America agenda, we are developing a... More

Tesla (TSLA) Outperforms Nasdaq, Up 2.2%

Tesla (NASDAQ: TSLA) Outperforms Nasdaq, Up 2.2%

Nio (NIO) and Autoliv (ALV) to collaborate on safety technology for future EVs

Autoliv, Inc. (NYSE: ALV) and NIO Inc (NYSE: NIO) announced Friday that they have signed a strategic cooperation framework agreement to collaborate on several new safety technologies for electric vehicles with an overarching focus on sustainable solutions.

Autoliv wrote in a press release that The strategic cooperation between NIO and Autoliv marks a significant milestone in our shared objective to redefine the way people experience... More

Active options: TSLA PLTR GOOGL NVDA AAPL AMD GOOG META

Active options: TSLA PLTR GOOGL NVDA AAPL AMD GOOG META

Deutsche Bank 'encouraged' by Tesla (TSLA) following tour of Texas Gigafactory

Deutsche Bank reiterated a Buy rating on Tesla (NASDAQ: TSLA) and maintained their 12-month price target on the stock at $200.00 after hosting investors in Austin for a guided tour of the electric automakers Texas Gigaplant. They also held meetings with the companys Head of IR Martin Viecha and Director Travis Axelrod.

Analyst Emmanuel Rosner was, once again, impressed with the plant, which he says is well designed and runs very efficiently, and is clearly making good progress in ramping up both vehicles and battery cells volumes, and in installing tooling for... More

Nio (NIO) goes nuclear, invests in fusion technology startup

Chinese electric vehicle maker Nio Inc. (NYSE: NIO) has made an investment in, Neo Fusion, a company that is developing fusion technologies, according to a company filing.

According to a report by Reuters, citing unnamed sources with direct knowledge, Neo Fusion will... More

Tesla (TSLA) Tesla 'serious' about establishing presence in India says Minister

During an interview with Reuters on Friday, the Deputy Minister for Technology of India said that Tesla Inc. (NASDAQ: TSLA), the electric automaker, is "serious" about plans to establishing a manufacturing presence in the country. This week, Tesla engaged in discussions with Indian officials, covering multiple subjects such as incentives for car and battery manufacturing,... More

BofA's Hartnett says artificial intelligence (AI) is a 'baby bubble' for now

The highlight of the stock market in 2023 has been The Magnificent Seven i.e. the surge in shares of the mega-cap tech stocks, Bank of Americas Michael Hartnett writes in his regular weekly column.

The Big 7 monopolistic U.S. Tech stocks - Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Google (NASDAQ:... More

Tesla 'serious' on establishing India production, innovation base, minister says

By Munsif Vengattil and Aditya Kalra

NEW DELHI (Reuters) - Tesla Inc is "serious" about its plans to establish a manufacturing base in India, the country's deputy minister for technology told Reuters in an interview on Friday, a day after meeting senior executives of the electric vehicle maker.

The Elon Musk led U.S. automaker held talks with Indian officials this week on various topics including incentives for car and battery manufacturing, Reuters reported on Thursday, as Tesla looks anew at entering the Indian market.

"They are... More

Tesla (TSLA) option IV near low end of range

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 44; compared to its 52-week range of 45 to 96.

Tesla (TSLA) brand loyalty trended higher in recent years, 'maintains an impressive loyalty lead' - Citi

Citi analyst Ita Michaeli said in a note Thursday that electric vehicle giant Tesla (NASDAQ: TSLA) maintains an impressive loyalty lead.

Michaeli, in his note assessing US auto firms, explained that the Elon Musk-led company continues to sport the industry's "most impressive loyalty... More

Active options: TSLA NVDA AMZN AMD NFLX PLTR AAPL BABA MU

Active options: TSLA NVDA AMZN AMD NFLX PLTR AAPL BABA MU

Tesla (TSLA) Maintains an Impressive Loyalty Lead - Barclays

Barclays analyst Itay Michaeli on Tesla (NASDAQ: TSLA): "Tesla continues to sport the industrys most impressive loyalty metrics, holding a ~67% brand loyalty rate (LTM as of Q1) vs. ~46% for luxury brands. Just as impressive is that Teslas brand loyalty has actually trended... More

Tesla (TSLA) Held Discussions On Local Incentive Plans, Auto Sector Policies In Meetings With Indian Officials - Reuters

Tesla (TSLA) Held Discussions On Local Incentive Plans, Auto Sector Policies In Meetings With Indian Officials - Reuters

Tesla (TSLA) option IV at low end of range

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 45; compared to its 52-week range of 45 to 96

Tesla held talks with India on auto incentives, battery making -source

By Aditi Shah, Aditya Kalra and Munsif Vengattil

NEW DELHI (Reuters) -Tesla Inc has held discussions with officials about incentives being offered by India for car and battery manufacturing, said a person with direct knowledge of the talks, as the automaker looks anew at entering the Indian market.

The U.S. electric car maker has proposed setting up a factory in India to build electric vehicles (EVs), Reuters reported on Wednesday. Plans to locally manufacture EV batteries are also being discussed, said the person with direct knowledge.

Tesla is "still testing the waters and trying to... More

Stock market today: Dow rallies 400 points on debt ceiling deal optimism

Investing.com -- U.S. stocks surged on Wednesday amid optimism on the debt ceiling negotiations as retailers continue to report first-quarter earnings.

At 16:01 ET, the Dow Jones Industrial Average closed up 409 points or 1.2%, while the S&P 500 was up 1.2% and the NASDAQ Composite was up 1.3%.

The debt ceiling talks in Washington continue after top-ranking lawmakers met with President Joe Biden at the White House on Tuesday. The sides are trying to hammer out differences as the deadline for when the U.S. risks a default quickly... More

Active options: TSLA AMZN AAPL NVDA AMD GOOGL BABA META

Active options: TSLA AMZN AAPL NVDA AMD GOOGL BABA META

Stocks are surging on optimism about possible debt ceiling deal

Investing.com -- U.S. stocks surged on Wednesday amid optimism on the debt ceiling negotiations as retailers continue to report first-quarter earnings.

At 13:54 ET, the Dow Jones Industrial Average was up 426 points or 1.3%, while the S&P 500 was up 1.3% and the NASDAQ Composite was up 1.3%.

The debt ceiling talks in Washington continue after top-ranking lawmakers met with President Joe Biden at the White House on Tuesday. The sides are trying to hammer out differences as the deadline for when the U.S. risks a default quickly approaches.... More

Toyota (TM) teams with Suzuki and Daihatsu to build EV commercial van

Japanese automakers Toyota (NYSE: TM), Suzuki, and Daihatsu revealed Wednesday plans to unveil a prototype mini-commercial van electric vehicle equipped with a jointly developed BEV system at a carbon neutrality event scheduled for May 18 through the 21st.

By leveraging the expertise of Suzuki and... More

Midday movers: Western Alliance Bancorp, Tesla, Target and more

Investing.com -- Stocks were rising on Wednesday over optimism that a deal on the debt ceiling would get done to help the U.S. avoid a potential default. Here are the market movers for May 17.

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

U.S. stocks are rising on optimism about debt ceiling talks

Investing.com -- U.S. stocks were rising amid optimism on the debt ceiling negotiations as retailers continue to report first quarter earnings.

At 10:13 ET (14:13 GMT), the Dow Jones Industrial Average was up 55 points or 0.2%, while the S&P 500 was up 0.2% and the NASDAQ Composite was up 0.1%.

The debt ceiling talks in Washington continue after top-ranking lawmakers met with President Joe Biden at the White House on Tuesday. The sides are trying to hammer out differences as the... 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

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

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

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 (TSLA) to finally enter India, will build a local EV factory for domestic sales and export

Tesla (NASDAQ: TSLA) is looking to further expand its global footprint with a new EV factory in India, as reported by Reuters early Wednesday.

According to a "source with direct knowledge of the matter," the new plant, if materialized, will produce cars for both domestic sales and... 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

Target, TJX and EVgo fall premarket; Western Alliance and Tesla rise

Investing.com -- Stocks in focus in premarket trade on Wednesday, May 17th. Please refresh for updates.

Target (NYSE: TGT) stock fell 0.9% after the retail giant forecast a gloomy second quarter even as it maintained its 2023 annual profit expectation after beating first-quarter results, benefiting from steady demand for beauty... More

Tesla restarts India market talks with new factory proposal - source

By Aditya Kalra and Aditi Shah

NEW DELHI (Reuters) -Tesla Inc has proposed setting up a factory in India to build electric cars for domestic sale and export, the carmaker told government officials on Wednesday, according to a source with direct knowledge of the matter.

The proposal comes after India refused to agree to Tesla's request last year to lower the import tax on cars, which can reach as much as 100%. India wanted the carmaker... 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

Tesla (TSLA) Had No Discussion On Lowering Import Taxes On Electric Cars With Indian Officials - Reuters

Tesla (TSLA) Had No Discussion On Lowering Import Taxes On Electric Cars With Indian Officials - Reuters

Tesla (TSLA) Proposes Setting Up EV Manufacturing Plant In India, In Talks With Govt Officials - Reuters

Tesla (TSLA) Proposes Setting Up EV Manufacturing Plant In India, In Talks With Govt Officials - Reuters

6 key takeaways from Tesla's (TSLA) shareholder meeting - Bernstein

Bernstein analyst Toni Sacconaghi reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA). Six key takeaways from the meeting:

Wedbush Reiterates Outperform Rating on Tesla (TSLA) after annual meeting

Wedbush analyst Daniel Ives reiterated an Outperform rating and $215.00 price target on Tesla (NASDAQ: TSLA).

"While Musk cited a choppy macro for the next year we heard an optimistic Musk with Tesla set to have a strong year of innovation and... More

CFRA Reiterates Buy Rating on Tesla (TSLA) after annual meeting

CFRA analyst Garrett Nelson reiterated a Buy rating and $250.00 price target on Tesla (NASDAQ: TSLA).

"We consider comments coming out of TSLA's annual meeting a positive. CEO Elon Musk said it remains on track to achieve first deliveries of the... More

CFRA Reiterates Strong Buy Rating on Tesla (TSLA) Following Comments from Annual Meeting

CFRA analyst Garrett Nelson reiterated a Strong Buy rating and $250.00 price target on Tesla (NASDAQ: TSLA) saying they view comments coming out of TSLA's annual meeting a positive.

The analyst commented, "CEO Elon Musk said it remains on track to achieve first... More

Active options: TSLA AMD NVDA AMZN GOOGL AAPL GOOG MSFT AMC HZNP

Active options: TSLA AMD NVDA AMZN GOOGL AAPL GOOG MSFT AMC HZNP

Honda Motor (HMC) option IV near low end of range

Honda Motor (NYSE: HMC) 30-day option implied volatility is at 15; compared to its 52-week range of 13 to 32.

Toyota Motor (TM) option IV near low end of range

Toyota Motor (NYSE: TM) 30-day option implied volatility is at 18; compared to its 52-week range of 17 to 78.

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

Tesla (NASDAQ: TSLA) May call option implied volatility is at 58, June is at 49; compared to its 52-week range of 45 to 96 into annual shareholder meeting.