EPA to scrap proposed EV volumes from biofuel blending rule

GM teams with enemy Tesla on EV charging; A bigger surprise than Ford partnership says analyst

June 8, 2023 4:48 PM EDT

(Updated - June 9, 2023 6:47 AM EDT)

General Motors (NYSE: GM) and Tesla (NASDAQ: TSLA) shares are up 3.4% and 4.4%, respectively, in pre-market Friday after the two companies announced a collaboration to integrate the North American Charging Standard (NACS) connector design into its EVs beginning in 2025.

GM CEO Barra also announced that GM customers will have access to an adapter that will allow users to access Tesla chargers starting early next spring.

In order to drive EV adoption, we need to have a robust charging... More

Ford (F) on track to reach production goal of 150K F-150 Lightning trucks

June 8, 2023 2:56 PM EDT

Ford Motor Co. revealed Thursday that the Dearborn automaker is on track to reach its 150,000-unit production goal on the electric F-150 Lightning this year. Adding that the company is also giving the largest production increase to the XLT trim that customers have been waiting for.

"Customer interest for XLT has considerably outstripped supply since the F-150 Lightning launch and weve worked with our suppliers to help address that, said Marin Gjaja, Ford Model e chief customer officer, in a statement. We heard... More

China launches nationwide car purchasing initiative following May sales report

June 8, 2023 9:50 AM EDT

In a significant effort to bolster demand in the world's largest automobile market, China unveiled Thursday a comprehensive nationwide initiative aimed at promoting car purchases, signaling a strong commitment to supporting the automotive industry.

The announcement from the Ministry of Commerce follows the release of data indicating a 7.3%... More

China vehicle sales jump 7.3% in May, NEVs lead the charge

June 8, 2023 9:39 AM EDT

Data released from the China Passenger Car Association (CPCA) Thursday shows that passenger vehicle sales in China rose 7.3% in May compared to last month, as the Chinese government extended tax incentives to shore up demand amid a lagging economic recovery.

The data shows vehicle sales in May reached a total of 1.76 million units.... More

Lucid (LCID) to bring their luxury EVs to China

June 8, 2023 8:44 AM EDT

On Thursday, Zhu Jiang, the head of Lucid Group's operations in China, announced that the U.S. luxury electric vehicle (EV) manufacturer, Lucid Group (NASDAQ: LCID), is preparing to enter the global automotive industry's biggest market.

The US EV startup currently sells its Air luxury sedans in the United States,... More

Tesla (TSLA) in advanced talks for to build factory in Valencia – reports

June 8, 2023 8:05 AM EDT

Spanish newspaper, Cinco Dias reported on Thursday, citing unidentified sources close to the discussions, that U.S. electric car manufacturer Tesla (NASDAQ: TSLA) is in talks with the leaders of the regional government of Valencia in Spain to build a car factory in the metropolitan area.

During the... More

Tesla's (TSLA) Elon Musk meets with Mongolian PM to discuss potential EV investments

June 7, 2023 3:49 PM EDT

Tesla (NASDAQ: TSLA) CEO Elon Musk met virtually with Prime Minister Luvsannamsrain Oyun-Erdene from Mongolia on Tuesday where the two discussed potential investments and cooperation in the electric vehicle sector.

Mongolia is abundant in valuable resources such as coal, copper, gold, silver, and various metallic ores. Over the past years, foreign investors have... More

Volvo launches EX30 electric SUV

June 7, 2023 2:33 PM EDT

Swedish luxury automaker, Volvo launched their new fully-electric EX30 SUV on Wednesday with two battery options and a starting price of around 36,000 euros ($38,500). The EX30 is Volvos smallest SUV to date and follows the unveiling of the larger electric EX90 in November.

"It's a small SUV doing Volvo things," CEO Jim Rowan said during the car's launch event in Milan,... More

Stellantis (STLA) launches second round of share buybacks

June 7, 2023 10:26 AM EDT

Stellantis (NYSE: STLA) announced Wednesday the start of their second round of share buybacks. The buyback program was announced on February 22, 2023, covering up to 1.5 billion (total purchase price excluding ancillary costs) to be executed in the open market with the intent to cancel the... More

Eneco will use Tesla (TSLA) battery packs to build a 50 MW storage plant in Belgium

June 7, 2023 8:39 AM EDT

Dutch energy company Eneco revealed Wednesday that it is planning to build a 50 megawatt (MW) battery energy storage project in Belgium using Tesla (NASDAQ: TSLA) battery packs, its largest such project to date.

The project will consist of 53 Megapack battery packs with the capacity to provide a continuous energy supply for 4 hours, accumulating a... More

Morgan Stanley Overweight on Li Auto (LI) as founder pushes for 30k sales in June

June 7, 2023 8:12 AM EDT

Morgan Stanley reiterated an Overweight rating and $40.00 price target on Li Auto (NASDAQ: LI) after conducting store checks and speaking with salespeople.

According to Morgan Stanleys latest store checks, Li Autos overall foot traffic in flagship locations in Tier 1 cities improved 16% MoM to a record YTD volume in May. The electric automakers L7/L8 continues to gain traction, despite peers' competitive model launches, driving customers to take a closer look at Li... More

Stellantis (STLA) and LG consider Ottawa's enriched subsidy offer as factory construction remains halted

June 6, 2023 3:03 PM EDT

Stellantis (NYSE: STLA) and LG Energy Solution are reviewing an enhanced subsidy deal from Ottawa designed to save an electric vehicle battery factory worth 2,500 Canadian jobs. Construction on the $3.7 billion factory was halted on May 15th when the companies alleged the federal government wasnt holding up its end of a deal.

Stellantis and LGES are in receipt of a written offer that is currently under financial and legal review, Stellantis Canada communications head LouAnn Gosselin told reporters.

Canadian Prime Minister,... More

Ford (F) names Whirlpool's (WHR) Liz Door as new supply chain chief

June 6, 2023 2:10 PM EDT

Ford Motor (NYSE: F) on Tuesday announced the appointment of Liz Door from Whirlpool Corp (NYSE: WHR) as its new chief supply chain officer, effective June 12. This decision comes as Ford anticipates a challenging 2023 due to chip shortages, supply... More

Tesla (TSLA) Model 3 now more affordable than Toyota Camry in California

June 6, 2023 1:53 PM EDT

President Joe Biden's administration confirmed Tuesday that after a rapid adjustment of its battery supply chain, the Tesla (NASDAQ: TSLA) Model 3 now qualifies for the full $7,500 tax credit, meaning that it has become more affordable than the Toyota Camry in California.

New battery sourcing... More

Court upholds Musk's win in $13 billion lawsuit over Tesla-SolarCity deal

June 6, 2023 11:28 AM EDT

By Tom Hals

(Reuters) -A trial court properly found that Tesla Inc CEO Elon Musk did not push the electric carmaker to overpay for SolarCity in 2016, the Delaware Supreme Court said on Tuesday, ending years of litigation over the $2.6 billion deal.

Musk was the biggest shareholder in both companies at the time, and Tesla shareholders alleged the billionaire pushed the carmaker's board into the deal to bail out his investment in the struggling rooftop solar company.

The state's highest court said that while a judge on the Delaware Court of... More

Ford Motor names Whirlpool exec as new supply chain chief

June 6, 2023 10:43 AM EDT

(Reuters) - Ford Motor Co on Tuesday named Whirlpool Corp's Liz Door its chief supply chain officer, at a time when the automaker navigates through parts shortages and rising costs.

The appointment, effective June 12, comes as the company predicts a difficult 2023, blaming chip shortages and other supply chain... More

Ford (F) expands recall for 125K vehicles due to fire risk and engine failure

June 6, 2023 10:14 AM EDT

Ford (NYSE: F) revealed Tuesday that the Detroit automaker is expanding and issuing a new recall for 125,000 sport utility vehicles and trucks. The recall specifically targets a range of Escape and Lincoln Corsair SUVs, as well as Maverick compact pickup trucks, manufactured between the years 2020 and 2023. According to a filing with the National Highway Traffic Safety... More

Tesla (TSLA) Model 3 Tax Credits Confirmed By IRS For All Models - Bloomberg

June 6, 2023 10:02 AM EDT

Tesla (NASDAQ: TSLA) Model 3 Tax Credits Confirmed By IRS For All Models - Bloomberg

... More

Tesla's Model 3 cheaper than Toyota's Camry in California with tax benefits

June 6, 2023 10:01 AM EDT

By Hyunjoo Jin and David Shepardson

SAN FRANCISCO/WASHINGTON (Reuters) -Tesla Inc's rapid adjustment of its battery supply chain means all of its Model 3 vehicles qualify for federal U.S. credits that, along with other tax breaks, could lower its price to less than a Toyota Camry.

The Biden administration on Tuesday confirmed that all Tesla Model 3 vehicles now qualify for $7,500 electric vehicle consumer tax credits after two of the three versions were eligible for half the credits.

New battery rules went into effect in April that lowered the credit of the Model 3 Standard Range... More

Global EV penetration reaches 14% in April with promising uptick in May

June 6, 2023 10:00 AM EDT

Barclays April report card shows that global electric vehicle penetration reached 14% in April, slightly outpacing last years EV penetration of 13%; however, it fell short of the heightened levels observed in the fourth quarter of 2022. Shifting focus to May, the industry is demonstrating promising signs of a substantial m/m increase in EV penetration, indicating a positive trajectory.

Additionally, while Tesla's (NASDAQ: TSLA) market share remains stable, the actual strength might not be as robust as the price reductions would have you expect. Lastly, the US electric vehicle market continues to make... More

Active options: TSLA AAPL COIN NVDA AMD AMZN PLTR SHOP MARA META

June 6, 2023 9:48 AM EDT

Active options: TSLA AAPL COIN NVDA AMD AMZN PLTR SHOP MARA META

... More

Morgan Stanley reiterates Overweight on Tesla (TSLA) as Model 3 qualifies for full $7500 tax credit

June 6, 2023 8:50 AM EDT

Morgan Stanley reiterated an Overweight rating and $200.00 price target on Tesla (NASDAQ: TSLA) after the electric automaker announced that the companys Model 3 will now qualify for the full $7,500 EV tax credits offered under the Inflation Reduction Act (IRA).

The consumer tax credit for clean vehicles, totaling $7,500, under the provisions of the IRA, is divided into two components. Electric vehicles (EVs) can receive $3,750 if 50% of the value of their battery components were manufactured or assembled in North America. The remaining $3,750 is contingent on 40% of the value of critical materials being... More

Blink Charging (BLNK) Deploys 34 Electric Vehicle Chargers in the Village of Tuckahoe, New York

June 6, 2023 8:27 AM EDT

Blink Charging Co. (NASDAQ: BLNK) today announcement the deployment and installation of 34 chargers at eight locations throughout the Village of Tuckahoe, NY, building a significant EV charging infrastructure for the Village.

Electric vehicle adoption in the New York metropolitan area is strong, and additional infrastructure is needed to support growth. Tuckahoe has demonstrated vision and... More

Ford's (F) deal with Tesla (TSLA) charges up industry and sparks standardization talks

June 6, 2023 7:58 AM EDT

The recent move by Ford Motor Co (NYSE: F) to grant its customers access to Tesla's (NASDAQ: TSLA) electric-vehicle charging network has caused significant waves in the industry. This decision has sparked discussions about the need for a standardized charging infrastructure across the United States and has also cast uncertainty on the future of struggling charging startups.

The deal, announced last month, outlined plans to provide drivers of Ford vehicles in North America with access to over 12,000 Tesla Superchargers, starting in 2024. Under the deal, Ford will... More

Analysis-Ford's EV charging tie-up with Tesla ripples through industry

June 6, 2023 6:04 AM EDT

By Abhirup Roy, Hyunjoo Jin and Isla Binnie

SAN FRANCISCO (Reuters) - Ford Motor Co's decision to allow customers to use Tesla's electric-vehicle charging network has sent ripples through the industry, raising questions about a national U.S. charging standard as well as the fate of charging startups that are struggling.

The deal, announced last month, would open more than 12,000 Tesla Superchargers to drivers of Ford vehicles in North America starting in 2024.

The tie-up puts pressure on other companies and the administration of U.S. President Joe Biden to fall in line or spend more to... More

Ford recalls 125,000 vehicles over engine failures that can cause fires

June 6, 2023 4:37 AM EDT

By David Shepardson

WASHINGTON (Reuters) -Ford Motor Co said on Tuesday it is expanding and issuing a new recall for 125,000 sport utility vehicles and trucks because engine failures may cause a fire.

The recall covers various Escape and Lincoln Corsair SUVs and Maverick compact pickup trucks from the 2020-2023 model years with 2.5L hybrid or plug-in hybrid engines, according to a filing with the... More

Panasonic to lift battery output at Tesla's (TSLA) Nevada gigafactory - Nikkei

June 5, 2023 5:35 PM EDT

Panasonic to lift battery output at Tesla's (NASDAQ: TSLA) Nevada gigafactory - Nikkei

... More

DA Davidson cuts estimates on Chargepoint (CHPT), maintains Buy

June 5, 2023 3:27 PM EDT

DA Davidson reiterated a Buy rating on ChargePoint Holdings (NYSE: CHPT) and cut their 12-month price target on the stock to $15.00 (From $18.00) after adjusting estimates through their FY25 modeling period.

Analyst Matt Summerville reduced DA Davidsons top-line outlook for FY24/FY25,... More

Tesla (TSLA) recalls some Model Y EVs as steering wheels might fall off…again

June 5, 2023 3:09 PM EDT

Tesla Inc. (NASDAQ: TSLA) has announced a voluntary recall of 137 Model Y electric vehicles due to a potential safety concern. The recall was prompted by the discovery of a loose fastener by a service technician, which could potentially result in the steering wheel detaching completely. Tesla estimates that approximately 10 percent of the affected vehicles may have this issue.

A loose... More

GM to invest $1B to retool plants for gas-powered heavy-duty trucks

June 5, 2023 2:27 PM EDT

General Motors (NYSE: GM) announced Monday its intention to invest more than $1 billion in the retooling of two mid-Michigan plants. This strategic move aims to equip the facilities for the production of a new wave of gas-powered heavy-duty trucks.

GM has outlined this year a total of $1.7... More

Active options: AAPL TSLA NVDA PLTR AMZN GOOGL SOFI AMD META COIN

June 5, 2023 2:14 PM EDT

Active options: AAPL TSLA NVDA PLTR AMZN GOOGL SOFI AMD META COIN

... More

Midday movers: Apple, Palo Alto Networks, Chevron and more

June 5, 2023 1:55 PM EDT

Investing.com -- Stocks are mixed on Monday as investors look ahead to next week's Federal Reserve interest rate decision. Here are the market movers for June 5.

Apple Inc (NASDAQ: AAPL) shares rose 1.9% ahead of the start... More

No need for Italy to directly invest in Stellantis (STLA), says Minister Giorgetti

June 5, 2023 11:58 AM EDT

Italys Economy Minister, Giancarlo Giorgetti told reporters Monday that the Italian government has no need to directly invest in automaker Stellantis (NYSE: STLA), mirroring a statement made last week by the companys chairman John Elkann.

When reporters asked whether Rome... More

Tesla (TSLA) option IV flat as shares near eight-month high

June 5, 2023 11:24 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 53; compared to its 52-week range of 44 to 96.

... More

Stellantis (STLA) and Galloo look to form joint venture for ELV recycling

June 5, 2023 11:23 AM EDT

Multinational automaker Stellantis (NYSE: STLA), alongside leading metals recycler Galloo revealed Monday, that the two companies have signed a Memorandum of Understanding to enter into exclusive negotiations to form a joint venture with a focus on End-of-Life Vehicle (ELV) recycling as part of the automakers continued commitment to build its circular economy activities.

The collaboration will work with selected Authorized Treatment Facilities to collect the... More

GM to invest over $1 billion in Flint plants to boost truck production

June 5, 2023 9:55 AM EDT

By Joseph White

(Reuters) - General Motors Co said on Monday it plans to invest more than $1 billion to re-tool two manufacturing sites in Flint, Michigan to prepare for a new generation of its internal combustion engine heavy-duty (HD) trucks.

GM has outlined this year a total of $1.7 billion in investments in Flint facilities to support the next generation of its heavy duty pickups.

GM said it will spend $579 million at its Flint Engine Operations to produce a sixth generation of its small... More

Active options: TSLA AAPL AMZN NVDA SOFI AMD PLTR GOOGL CHPT

June 5, 2023 9:53 AM EDT

Active options: TSLA AAPL AMZN NVDA SOFI AMD PLTR GOOGL CHPT

... More

ChargePoint Holdings Inc. (CHPT) PT Lowered to $15 at DA Davidson

June 5, 2023 8:55 AM EDT

DA Davidson analyst Matt Summerville lowered the price target on ChargePoint Holdings Inc. (NYSE: CHPT) to $15.00 (from $18.00) while maintaining a Buy rating.... More

Ford Motor (F) stock rallies as Citi upgrades to Buy on positive survey results

June 5, 2023 8:52 AM EDT

Citi analyst Itay Michaeli upgraded shares of Ford Motor (NYSE: F) to Buy from Neutral with a price target of $16 per share, up from the prior $12.80.

The analyst says that the results of the recent survey pointed to a surprisingly strong density outlook, suggesting... More

Citi Upgrades Ford (F) to Buy

June 5, 2023 8:41 AM EDT

Citi analyst Itay Michaeli upgraded Ford (NYSE: F) from Neutral to Buy with a price target of $16.00 (from $12.80).

The analyst comments "Upgrade to Buy from Neutral Following the results of our 2023 Vehicle Density survey, were upgrading Ford shares to Buy from Neutral and raising our price target to $16 from $12.8 on modestly higher target multiples (target 23E P/E of 8.0x vs. 6.8x prior, target Pro EV/EBITDA multiple of 6.5x vs. 4.5x prior, and Model-e at 4.5x... More

General Motors (GM) PT Raised to $85 at Citi, Remains Top Pick

June 5, 2023 8:41 AM EDT

(Updated - June 5, 2023 8:42 AM EDT)

Citi analyst Itay Michaeli raised the price target on General Motors (NYSE: GM) to $85.00 (from $79.00) while maintaining a Buy rating.

The analyst comments "Following the results of our Vehicle Density Survey, were raising our... More

Tesla (TSLA) PT Raised to $215 at Citi, 'we see more compelling NT risk/reward elsewhere'

June 5, 2023 8:41 AM EDT

(Updated - June 5, 2023 8:43 AM EDT)

Citi analyst Itay Michaeli raised the price target on Tesla (NASDAQ: TSLA) to $215.00 (from $175.00) while maintaining a Neutral rating.

The analyst comments " Were raising our price target to $215 from $175 largely on a higher target... More

Stellantis (STLA) and Galloo to Form JV for End-of-Life Vehicle Recycling

June 5, 2023 8:08 AM EDT

Stellantis and Galloo to Form Joint Venture for End-of-Life Vehicle Recycling

Joint venture will provide recycling services to manage End-of-Life Vehicles for Stellantis and other automakersService expected to launch in late 2023, with an initial focus on France, Belgium and Luxembourg, then expanding across EuropeRecycling is a key activity inside the circular economy business model outlined in the Stellantis Dare... More

Tesla's (TSLA) Model Y surpasses Toyota’s (TM) RAV4 to become the best selling SUV in Australia

June 5, 2023 7:35 AM EDT

The latest data received from the Federated Chamber of Automotive Industries shows that Tesla (NASDAQ: TSLA) sold 3,178 units of the Model Y in May, overtaking the Toyota (NYSE: TM) RAV4 as the bestselling SUV in Australia and the third bestselling car of any type.

The only models to... More

Tesla (TSLA) delivers 77,695 China-made EVs in May

June 5, 2023 7:18 AM EDT

Newly released data from the China Passenger Car Association (CPCA) shows that electric automaker, Tesla, Inc. (NASDAQ: TSLA) delivered 77,695 China-made electric vehicles (EV) in May. This marks a 142% increase when compared to the same month in 2022 when production was affected by COVID-19 containment measures in... More

Elon Musk's Neuralink valued at about $5 billion - Reuters

June 5, 2023 6:40 AM EDT

Reuters reports that Elon Musk's brain implant startup Neuralink is now worth around $5 billion.

... More

Elon Musk's Neuralink Valued At Around $5 Bln, Up From $2 Bln Two Years Ago, Stock Trades And Marketing Materials Show - Reuters

June 5, 2023 6:01 AM EDT

Exclusive-elon Musk's Neuralink Valued At Around $5 Bln, Up From $2 Bln Two Years Ago, Stock Trades And Marketing Materials Show - Reuters

... More

Active options: TSLA AAPL AMZN AMD GOOGL BAC META PLTR MSFT

June 5, 2023 4:51 AM EDT

Active options: TSLA AAPL AMZN AMD GOOGL BAC META PLTR MSFT

... More

Tesla's China-made EV sales rose 2.4% in May from April - CPCA

June 5, 2023 4:31 AM EDT

By Qiaoyi Li and Brenda Goh

BEIJING (Reuters) - U.S. automaker Tesla Inc delivered 77,695 China-made electric vehicles (EVs) in May, a 2.4% jump from April, data from the China Passenger Car Association (CPCA) showed on Monday.

On a yearly basis, sales rose 142% in May from 32,165 vehicles in the same month of 2022 when Shanghai, where its factory is located, was still subject to COVID-19 containment measures that impacted production.

Chinese rival BYD Co Ltd, with its Dynasty and Ocean series of EVs and petrol-electric... More

General Motors (GM) and POSCO expand Ultium CAM joint venture in North America with $1B investment

June 2, 2023 2:19 PM EDT

American automaker General Motors (NYSE: GM) made an announcement Friday in collaboration with POSCO Future M regarding the next phase of their Ultium CAM joint venture. This strategic partnership entails a substantial investment of over $1 billion to expand the production capacity at their chemical battery materials facility in Canada, taking their estimated total investment in the plant to over $1 billion.

The companies had invested about $327 million in the plant last year, according to media reports.

The latest investment from GM and POSCO comes days after Canada's federal government and the Quebec province... More

GM’s Mary Barra pushes back against autonomous vehicles doubters

June 2, 2023 1:44 PM EDT

General Motors (NYSE: GM) CEO Mary Barra spoke at a Sanford Bernstein conference Friday where she doubled down on her confidence that the company will experience significant growth opportunities in the autonomous vehicle industry over the next decade.

Barra restated her prediction that Cruise could generate $50 billion a year in annual revenue by... More

GM chief Barra stands by her bet on autonomous vehicles

June 2, 2023 12:24 PM EDT

By Joseph White and Shivansh Tiwary

DETROIT (Reuters) -General Motors Co Chief Executive Mary Barra had a message on Friday for investors and rivals who see no profitable future in autonomous vehicles: You're wrong.

Barra told attendees at a Sanford Bernstein conference she sees a "giant growth opportunity" in GM's Cruise autonomous vehicle unit, and predicted personal self-driving cars would be on the market before the end of the decade.

Barra reiterated a forecast that Cruise could generate $50 billion a year in annual revenue by 2030. That target assumes deployment of Cruise technology and services outside... More

Stellantis (STLA) and General Motors (GM) hit with $363M in penalties for fuel economy violations

June 2, 2023 11:44 AM EDT

An exclusive story by Reuters on Friday revealed that Stellantis (NYSE: STLA) and General Motors (NYSE: GM) have paid a combined sum of $363 million in civil penalties. These penalties were imposed due to their failure to meet the fuel economy standards set by the United States for previous model years.

According to the National Highway Traffic Safety Administration (NHTSA), which administers the Corporate Average Fuel Economy (CAFE) program, the record-setting penalties include... More

Tesla (TSLA) 30-day option implied volatility as shares trade above $210

June 2, 2023 10:35 AM EDT

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

... More

Active options: TSLA AAPL AMZN NVDA AMD GOOGL CHPT MSFT

June 2, 2023 10:04 AM EDT

Active options: TSLA AAPL AMZN NVDA AMD GOOGL CHPT MSFT

... More

Ford Motor (F) May North America Total Vehicles Sales 170,933; Up 10.7%

June 2, 2023 9:21 AM EDT

Ford Motor (NYSE: F) May North America Total Vehicles Sales 170,933; Up 10.7%

... More

ChargePoint Holdings Inc. (CHPT) PT Lowered to $14 at Roth/MKM

June 2, 2023 8:25 AM EDT

Roth/MKM analyst Craig Irwin lowered the price target on ChargePoint Holdings Inc. (NYSE: CHPT) to $14.00 (from $25.00) while maintaining a Buy rating.... More

Lululemon, MongoDB and Five Below rise premarket; PagerDuty falls

June 2, 2023 8:07 AM EDT

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

Lululemon Athletica (NASDAQ: LULU) stock rose 14% after the athletic... More

Tesla’s (TSLA) price cuts drive online traffic spike

June 2, 2023 7:48 AM EDT

Citi has recently revised their "mindshare" tracker for electric vehicles (EVs), which keeps tabs on web traffic related to EVs. This tracker evaluates the level of engagement on websites associated with the overall EV market, as well as specific brands or companies, with the latter serving as a possible predictor of future EV market share and brand... More

ChargePoint Holdings Inc. (CHPT) PT Raised to $27 at Oppenheimer

June 2, 2023 7:37 AM EDT

Oppenheimer analyst Colin Rusch raised the price target on ChargePoint Holdings Inc. (NYSE: CHPT) to $27.00 (from $26.00) while maintaining a Outperform rating.... More

ChargePoint Holdings Inc. (CHPT) PT Lowered to $13 at Needham & Company

June 2, 2023 7:19 AM EDT

Needham & Company analyst Chris Pierce lowered the price target on ChargePoint Holdings Inc. (NYSE: CHPT) to $13.00 (from $14.00) while maintaining a Buy rating.... More

GM (GM) and POSCO Future M to Expand EV Battery Supply Chain in North America with New Integrated CAM and Precursor Processing Complex

June 2, 2023 7:02 AM EDT

General Motors Co. (NYSE: GM) and POSCO Future M announced today the second phase of their Ultium CAM joint venture, an investment projected to exceed $1 billion (U.S.) to increase production capacity of CAM in North America and integrate precursor materials production. pCAM is a specifically engineered combination of processed raw materials necessary to produce CAM, a key battery material representing about 40% of the cost of a battery... More

ChargePoint Holdings Inc. (CHPT) PT Lowered to $20 at Evercore ISI

June 2, 2023 4:10 AM EDT

Evercore ISI analyst James West lowered the price target on ChargePoint Holdings Inc. (NYSE: CHPT) to $20.00 (from $24.00) while maintaining a Outperform rating.... More

Active options: TSLA NVDA AAPL PLTR AMZN META AMD AI SOFI BABA

June 2, 2023 3:35 AM EDT

Active options: TSLA NVDA AAPL PLTR AMZN META AMD AI SOFI BABA

... More