Chargepoint Holdings Inc. (CHPT) option implied volatility near low end of range as shares pull back
- Wall St ends slightly higher after mixed Fed statements
- Charlie Munger dies at 99
- Barclays raises 2024 S&P 500 price target but warns stocks are 'moving too far, too fast'
- Stocks rise as dollar falls, gold rallies on Fed commentary
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- Berkshire Hathaway (BRK.B): Charlie Munger has died
- BofA examines possible ArcelorMittal takeover of U.S. Steel
- Tesla (TSLA) exec releases Cybertruck event details
- Elliott Sends Letter to the Board of Crown Castle Inc. (CCI), Calls for Operational and Strategic Review of Fiber Business
- L3Harris Technologies (LHX) to Sell its Commercial Aviation Solutions Business to TJC for $800M
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
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
On Tuesday, Indiana Governor Eric Holcomb revealed that automaker General Motors (NYSE: GM) and Korean battery manufacturer, Samsung will build a more than $3 billion EV battery cell plant in Indiana scheduled to begin operations in 2026 and is projected to generate 1,700 jobs.
Back in April, both companies pledged to... More
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
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 connectorsJune 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
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
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
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
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 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
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
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
Stifel Negative on EVgo (EVGO), Blink (BLNK), Wallbox (WBX) and ChargePoint (CHPT): 'We believe the recent announcements are a modest negative for EV charging rivals'June 9, 2023 10:13 AM EDT
Stifel analyst Stephen Gengaro comments "The announcement by GM that it is partnering with Tesla to use Tesla's NACS adaptor and Tesla's charging network follows a similar agreement between Ford and Tesla. Clearly network availability is critical to EV adoption, and the arrangement with GM and Ford highlights Tesla's... More