Tesla (TSLA) Added to Wedbush's Best Ideas List

Tesla (TSLA) FSD implicated in 736 crashes since 2019

June 13, 2023 3:37 PM EDT

According to data released by the National Highway Traffic and Safety Administration (NHTSA), Tesla's Autopilot software has been involved in 17 fatalities and 736 crashes since 2019.

According to the NHTSA, Tesla officially defines Autopilot as a "SAE Level 2 driving automation system intended to assist and support the driver in executing the driving task." It's important to note that Autopilot is not an autonomous driving technology. However, recent statistics indicate that some individuals are mistakenly treating it as such, leading to unfortunate and tragic incidents.

Transportation Secretary Pete Buttigieg recently stated in an interview with the... More

EnviroSpark Announces Integration of Tesla's (TSLA) NACS Connectors

June 13, 2023 3:08 PM EDT

EV charging solutions startup, EnviroSpark announced Tuesday that the company will integrate Tesla-designed (NASDAQ: TSLA) North American Charging Standard (NACS) connectors into its nationwide, EnviroSpark-owned charging network.

"We've already installed and maintained thousands of NACS connectors for partners since our founding in 2014, and in light of the... More

Toyota (TM) soars after detailing plans for a new battery and innovative EV tech

June 13, 2023 8:53 AM EDT

Shares of Toyota (NYSE: TM) were sent soaring almost 5% after the company revealed Tuesday that the Japanese auto giant will introduce a high-performance, solid-state battery alongside other technologies to improve the driving range and cut costs of future electric vehicles (EVs).

The plan comes a day before an annual shareholder meeting where governance and strategy - including a slow pivot to battery EVs under former CEO Akio Toyoda - will be scrutinized.

The comprehensive technology roadmap unveiled by the Japanese automotive giant encompasses a wide range of initiatives,... More

Tesla (TSLA) Scraps Canadian Orders for US-Built Model Y Long Range

June 12, 2023 4:06 PM EDT

According to Drive Tesla Canada on Friday, Tesla has sent emails to customers in Canada with existing orders for a Fremont-made Model Y Long Range, announcing that their order has been canceled.

According to a copy of the email sent to customers, Tesla says their chosen configuration is... More

Shares rebound as Blink (BLNK) ChargePoint (CHPT) and Tritium (DCFC) embrace Tesla charging connectors

June 12, 2023 1:52 PM EDT

Shares of electric vehicle charging equipment makers Blink Charging (NASDAQ: BLNK), ChargePoint (NYSE: CHPT) and Tritium (NASDAQ: DCFC) are bouncing back Monday after the three revealed they will be including Tesla's (NASDAQ:... More

Tesla (TSLA) to Outperform at KGI Securities on strong US advantage

June 12, 2023 11:22 AM EDT

KGI Securities has raised their rating on Tesla, Inc. (NASDAQ: TSLA) from Neutral to Outperform and increased their 12-month price target for the stock to $335.00. This upgrade comes in light of Tesla's U.S. investments, which have enabled their Model 3 and Y vehicles to qualify for tax credits of up to $7,500.

Analyst, Jennifer Liang wrote in a note, The price of the Model 3 RWD has fallen to $20-25k in certain states after federal, state, and local incentives are applied, making it competitive with popular ICE sedans. Tesla is expanding Gigafactory Nevada, where 4680... More

Tesla (TSLA) leases 210k sq.ft facility in effort to ramp 4680 cell production

June 9, 2023 3:14 PM EDT

EV Giant, Tesla (NASDAQ: TSLA) is preparing to ramp up 4680 battery cell production in Fremont, California.

According to a report by Business Times, citing sources familiar with the matter, the EV company recently signed a lease with the industrial real estate investment trust Prologis on a 210,000 sq. ft advanced manufacturing facility for essential battery technology that will likely be used for 4680 cell production.

During the third quarter... More

Ford (F) files patent for roof-mounted backup EV battery

June 9, 2023 2:58 PM EDT

Detroit automaker, Ford (NYSE: F) has filed an interesting patent for a large roof-mounted backup battery. The battery pack, which resembles a conventional roof box, would attach to the roof rack of any compatible electric vehicle, allowing customers to top-up the main high-voltage pack of an EV when driving through an area where there arent any chargers available.

The abstract of the Ford patent reads: An electrified vehicle backup battery system includes a traction battery pack of an electrified vehicle and a backup battery assembly that... More

Blink (BLNK), ChargePoint (CHPT) and others fall as GM inks deal with Tesla (TSLA)

June 9, 2023 2:29 PM EDT

CEO of General Motors (NYSE: GM), Mary Barra held a live "twitter spaces" meeting with Elon Musk on Thursday to announce a deal between GM and Tesla (NASDAQ: TSLA) to integrate Teslas North American Charging Standard (NACS) charging connections into their vehicles. The deal follows a similar announcement by Ford (NYSE: F) in late... More

White House says Tesla (TSLA) chargers qualify for federal funding so long as they include CCS

June 9, 2023 1:52 PM EDT

White House officials on Friday announced that electric vehicle (EV) charging stations that utilize Teslas (NASDAQ: TSLA) North American Charging Standard (NACS) will be eligible to receive billions of dollars in federal subsidies so long as they also include the national CCS charging standard connection.

The announcement follows U.S. automakers Ford and GM's announcements that they were adopting the Tesla model and integrating the NACS connections into their own vehicles, shaking up a charging industry that was seemingly drifting towards the CCS connection with the help of... More

Canada’s FLO to support Tesla’s (TSLA) NACS at their charging stations

June 9, 2023 11:55 AM EDT

Chief Product Officer, Nathan Yang of Canadian EV charging provider FLO announced Friday that the Quebec-based company will offer the Tesla (NASDAQ: TSLA) designed North American Charging Standard (NACS) EV connectors at their over 90,000 charging stations.

Yang wrote in a statement released to the press Friday:

"FLO welcomes initiatives to standardize charging hardware in North America because we believe it... More

Rivals GM and Ford will adopt Tesla's NACS charging connectors, will Stellantis follow?

June 9, 2023 11:25 AM EDT

General Motors (NYSE: GM) jumped 3.7% at the open on Friday after the company announced yesterday that the Detroit automaker will be partnering with Tesla (NASDAQ: TSLA) to open the EV giants supercharger network to GM customers. The move follows a similar announcement by neighboring rival Ford (NYSE: F) on May 26th, prompting analysts to ask the... More

Tesla (TSLA) now owns the charging ecosystem domestically - Wedbush bumps target on GM deal

June 9, 2023 6:42 AM EDT

Analyst Daniel Ives of Wedbush raised his Price Target on Tesla (NASDAQ: TSLA) to $300 from $215, reiterated an "Outperform" rating, and added the shares to the "Wedbush Best Ideas List", following last night's announcement of the company's collaboration with General Motors (NYSE: GM), allowing GM-built electric vehicles to use Tesla's supercharger network.

In his... More

Chargepoint (CHPT), EVgo (EVGO) sink as GM teams with Tesla on EV charging

June 9, 2023 6:33 AM EDT

(Updated - June 9, 2023 6:33 AM EDT)

EV charging stocks Chargepoint Holdings Inc. (NYSE: CHPT) and EVgo (NASDAQ: EVGO) are down in pre-open trading Friday after GM (NYSE: GM) and Tesla... More

Tesla (TSLA) PT Raised to $300 at Wedbush, Says Story Coming Further into Play

June 9, 2023 6:09 AM EDT

(Updated - June 9, 2023 6:13 AM EDT)

Wedbush analyst Daniel Ives raised the price target on Tesla (NASDAQ: TSLA) to $300.00 (from $215.00) while maintaining a Outperform rating.

Says sum-of--the-parts story further comes into play with supercharger network, energy business, AI, batteries and increased production scale/scope.... More

Tesla (TSLA) option IV flat at 53

June 9, 2023 3:49 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 53; compared to its 52-week range of 44 to 96 into General Motors (GM) announced a collaboration with Tesla to integrate the North American Charging Standard connector design into its EVs beginning in 2025.

... More

After-hours movers: GM, Tesla gain on EV charging pact; DocuSign jump on EPS

June 8, 2023 5:23 PM EDT

After-Hours Movers:

Planet Labs (NYSE: PL) 15% LOWER; reported Q1 EPS of ($0.13), $0.02 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $52.7 million versus the consensus estimate of $52.92 million. Planet Labs sees Q2 2024 revenue of $53-55 million, versus the consensus of $60.7 million.... More