Tesla (TSLA) likely to pick new factory location by years end, says India 'absolutely' an interesting option

VinFast to recall initial batch of US-bound EVs over safety concerns

Vietnamese electric automaker VinFast revealed Thursday its decision to recall the entire initial shipment of vehicles it sent to the United States last year. This action comes in response to a safety advisory issued by U.S. authorities.

VinFast made the decision after the U.S. National Highway Traffic Safety Administration (NHTSA) flagged a software issue in the dashboard display of 999 VF 8 vehicles. This glitch prevented critical safety information from being shown, posing a potential risk of crashes.

The... More

Senate Republicans call for Biden to scrap plans to cut emissions and ramp EV sales

A coalition of 27 Senate Republicans spoke out Thursday, calling on the Biden administration to abandon its proposal to significantly reduce vehicle emissions by 2032 and accelerating the adoption of electric vehicle sales.

In a letter led by West Virginia Senator Shelley Moore Capito, lawmakers said the administration plan will "effectively mandate a costly transition to electric cars and trucks in the absence of... More

Morgan Stanley remains Bullish as Tesla's (TSLA) Elon Musk continues to hold meetings with world leaders

Morgan Stanley reiterated an Overweight rating on Tesla (NASDAQ: TSLA) with a 12-month price target of $200.00 following the companys CEO Elon Musks accelerating number of meetings with world leaders concerning future investment opportunities.

Analyst Adam Jonas compiled a list of countries with recent headlines of Musk meeting with officials, exhibiting relevant goals for industrializing or other factors making them relevant for... More

Premier Ford says fate of Stellantis (STLA) EV battery plant in hands of federal government

Last week, Stellantis (NYSE: STLA) and its partner LG Energy Solutions halted construction on its $3.7 billion EV battery plant in Windsor, claiming the federal government has not delivered what was agreed to.

The new auto plant was announced in March last year, but tensions emerged when the United States passed the Inflation Reduction Act (IRA), a massive package of clean-tech incentives for companies.

Early last week, Canada's Industry Minister Francois-Philippe Champagne said the federal government had increased its planned support for Stellantis and that to... More

Jaguar Land Rover-owner set to choose UK over Spain for EV battery plant

The BBC reports Wednesday that Tata Motors, parent company to Jaguar Land Rover Automotive, is set to pick Britain for a multi-billion dollar electric vehicle battery plant. A plant some have described as the most significant investment in UK automotive since Nissan came to Britain in the 1980s.

A Tata chairman is expected to fly to London next week to meet the prime minister and finalize the deal to build the battery factory, which could employ 9,000 people in Somerset,... More

BMW unveils new electric i5 with 295-mile range

The BMW Group unveiled its new 2024 BMW i5 during a digital world premiere on Wednesday after teasing glimpses of its first all-electric 5 Series for weeks.

As a combustion model, the 5 Series has held a prominent position in the company's lineup since 1972, and it continues to be the second best-selling vehicle for the German automaker behind the 3 Series. It has been known for a while now that BMW has been actively developing an all-electric version of the 5 Series, alongside plug-in hybrids and traditional combustion engine options.

With its unmistakable resemblance to the 5 Series,... More

Mercedes is bringing an electric CLA sedan to US to challenge Tesla's Model 3

Mercedes-Benz held their annual North American dealer meeting last week where the automaker emphasized its transition into the electric era. To maintain and further accelerate their progress, Mercedes informed dealers about the exciting array of electric vehicles (EVs) they have in store. Among the upcoming additions in 2024 are an electric CLA sedan and a GLC crossover, both contributing to the expanding lineup of EVs.

In the first quarter, the U.S. vehicle... More

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Active options: TSLA AMZN AAPL NVDA PLTR NIO AMD NFLX PANW

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

California Seeks EPA Approval To Ban Sales Of New Gasoline-only Vehicles By 2035 - Reuters

California Seeks EPA Approval To Ban Sales Of New Gasoline-only Vehicles By 2035 - Reuters

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Active options: TSLA AMZN PLTR AMD AAPL PFE NVDA MSFT GOOGL

Tesla to pick location for new factory this year, Musk says

(Reuters) -Tesla Inc Chief Executive Officer Elon Musk said on Tuesday the automaker would probably pick a location for a new factory by the end of this year.

When the Wall Street Journal's Thorold Barker asked Musk at an event if India was interesting, he said, "Absolutely".

Tesla is "serious" about its plans to establish a manufacturing base in... More

Tesla (TSLA) 30-day option IV near low end of range

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 48; compared to its 52-week range of 44 to 96.

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

U.S. has 'real concern' about Tesla Autopilot driver interaction

By David Shepardson

WASHINGTON (Reuters) -U.S. Transportation Secretary Pete Buttigieg said Tuesday there are concerns about the interaction between Tesla's advanced driver assistance system Autopilot and drivers that is the subject of an ongoing government investigation.

Since August 2021, the National Highway Traffic Safety Administration (NHTSA) has been investigating a series of Tesla crashes involving Autopilot and with parked emergency vehicles and whether Tesla vehicles adequately ensure drivers are paying attention.

"There is a real concern that's not limited to the technology... 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

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Active options: TSLA AMD PLTR AAPL AMZN ZM UPST MSFT GOOGL

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

Oppenheimer Weighs in on Tesla (TSLA) Following Austin Factory Tour

Oppenheimer analyst Colin Rusch reiterated a Perform rating on Tesla (NASDAQ: TSLA) following an Austin factory tour.

The analyst commented, "With Austin production clearly accelerating from Analyst Day levels, we see TSLA investing in important innovations to enabling scaling, increased simplicity, and... More

Tesla offers China-made electric vehicles for sale in Canada

(Reuters) - Tesla is listing China-made Model 3 and Model Y models for sale in Canada, the companys website showed on Tuesday, confirming the electric car maker has completed its first shipments to North America from its Shanghai factory.

Teslas website showed both rear-wheel drive Model Y vehicles and the long-range, all-wheel drive version of the Model 3 available for immediate delivery in British Columbia, with codes showing they were manufactured at Teslas Gigafactory Shanghai.

Both models qualify for federal incentives of C$5,000 ($3,700) in Canada, which, unlike the United States, does not link electric-vehicle subsidies to the... 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 (TSLA) Climbs 2.9%

Tesla (NASDAQ: TSLA) Climbs 2.9%

Ferguson plc (FERG), Alphabet (GOOG), Tesla (TSLA), Coupang (CPNG) at top buy stock for Russell rebalancing - Jefferies

(Updated - May 22, 2023 9:50 AM EDT)

Jefferies' analyst Steven DeSanctis weighed in on the Russell rebalancing and list the top stocks by buying and selling pressure by dollars and days.

Buying Pressure by Dollars:

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Active options: TSLA META GOOGL AAPL AMZN NVDA AMD

Ford (F) signs battery supply deals ahead of EV ramp

Ford (NYSE: F) revealed Monday that the Detroit automaker has signed multiple deals for the supply of lithium products, including lithium hydroxide, as the automaker ramps up electric vehicle (EV) production to 2 million units by the end of 2026, an increase from their previously projected 600,000 by the end of this year.

These agreements are a response to the... More

Stellantis: Bernstein signals potential upside, but beware of macro risks

Investing.com - Stellantis (NYSE: STLA) can offer a 7% premium compared to current prices according to Bernstein analysts, who have a Market Perform rating on the Italian-French automaker with a target price of 17 euros.

In a report on the European auto sector, analysts noted that at the beginning of 2023 all macro indicators pointed "the wrong way," but five months into the year "the data is not... More