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

Tesla (TSLA) FSD implicated in 736 crashes since 2019

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

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

General Motors (GM), Samsung to build $3B EV battery plant in Indiana

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

Stellantis (STLA) recalls 354K Jeeps globally

Stellantis (NYSE: STLA) has decided to recall over 354,000 Jeeps globally after it was found that incorrectly installed rear coil springs might fall off while driving.

The company says in documents posted Tuesday by the U.S. National Highway Traffic Safety Administration that... More

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

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

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

Blink (BLNK) announces final design of new EV charger with dual CCS and NACS connection

Blink Charging (NASDAQ: BLNK) announced Monday that it will soon be making available an all new 240kW DC Fast Charger designed for speed and flexibility with both NACS and CCS connectors

As development is well underway, we are excited to be bringing this new, innovative charger to market and to continue to offer a diverse product portfolio, regardless of connector type, that addresses global demand, said Brendan Jones, President and Chief Executive Officer for Blink Charging. Given recent announcements by Tesla, GM,... More

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

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

Morgan Stanley on NIO (NIO): 'the market's focus will likely soon shift back to execution after today's rally'

Morgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $12.00 price target on NIO (NYSE: NIO)

The analyst comments "Following price cuts today, NIO maintained the volume and margin guidance provided on 1Q earnings call. More operational details shared during the NDR help... More

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

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

NIO Inc. (NIO) slashes prices and ends free battery swapping

Chinese electric automaker NIO Inc. (NYSE: NIO) revealed Monday its decision to reduce prices across all models and discontinue free battery swapping services for new customers. This move comes as the Chinese automaker grapples with financial losses and lackluster sales, placing them under increasing scrutiny and... More

Shares soar as XPeng’s (XPEV) G6 receives over 25k pre-orders in under 72hrs

Shares of the Chinese electric vehicle startup, XPeng Inc. (NYSE: XPEV) shot up more that 9.5% in pre-market trading on Monday after the company reported that they have received more than 25,000 pre-orders for their new G6 ultra-intelligent sedan SUV less than 3 days after it was... More

NIO Inc. (NIO) receives downgrades and adjusted price targets following disappointing 1Q23 and deliveries

Nomura and CMB International Global Markets (CMBIS) downgraded NIO Inc. (NYSE: NIO) from Buy ratings to Neutral and Hold ratings respectively. Nomura cut their 12-month price target on the stock to $7.50 (From $25.80), while CMBIS cut their price target to $8.00 (From $21.00) following the electric automakers disappointing 1Q23 earnings miss and delivery numbers.

In the first quarter of 2023, NIO achieved 31,041 deliveries, which fell within the expected range of 31,000-33,000 units. However, the recorded revenue amounted to CNY10.7 billion, slightly below the projected range of CNY10.9-11.5 billion.

NIO reported 1Q Gross margin at 1.5%,... More

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

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

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)

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

NIO Inc. (NIO) results soft, but showed surprising opex discipline - Deutsche Bank

Deutsche Bank analyst Edison Yu told investors in a note that NIO Inc. (NYSE: NIO) reported "soft underlying Q1 results" on Friday.

The Chinese electric vehicle company posted a first-quarter loss of RMB2.51 per share, RMB0.12 better than the analyst estimate of an... More

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

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

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

U.S. stocks were rising as the S&P heads toward another weekly win

Investing.com -- U.S. stocks were rising as the S&P 500 headed toward another weekly winning streak.

At 10:17 ET (14:17 GMT), the Dow Jones Industrial Average was up 100 points or 0.3%, while the S&P 500 was up 0.6% and the NASDAQ Composite was up 1%.

The S&P... 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'

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

Chargepoint Holdings Inc. (CHPT) option implied volatility near low end of range as shares pull back

Chargepoint Holdings Inc. (NYSE: CHPT) 30-day option implied volatility is at 65; compared to its 52-week range of 62 to 100 after General Motors (NYSE: GM) and Tesla (NASDAQ: TSLA) announced a deal to partner on EV charging.

EVgo (EVGO) 30-day option implied volatility as shares sell off 8%

EVgo (NASDAQ: EVGO) 30-day option implied volatility is at 73; compared to its 52-week range of 57 to 138 after General Motors (NYSE: GM) and Tesla (NASDAQ: TSLA) announced a deal to partner on EV charging.

Popular stocks increasing volume: CVNA SOFI GM DOCU PTON MRVL PLTR AI PYPL

Popular stocks increasing volume: CVNA SOFI GM DOCU PTON MRVL PLTR AI PYPL

Active options: TSLA NIO AAPL AMD NVDA CVNA AMZN F NFLX

Active options: TSLA NIO AAPL AMD NVDA CVNA AMZN F NFLX

Stellantis (STLA) could be next for Tesla (TSLA) EV charging - RBC

RBC Capital analyst Tom Narayan weighed in on the news that GM (NYSE: GM) and Tesla (NASDAQ: TSLA) announced an EV charging deal and expects Stellantis (NYSE: STLA) to be... More

Tesla, DocuSign and Adobe rise premarket; Coinbase falls

Investing.com -- Stocks in focus in premarket trade on Friday, June 9th. Please refresh for updates.

Coinbase (NASDAQ: COIN) stock fell 1.3% after credit rating agency Moodys downgraded its outlook of the cryptocurrency exchange to "negative" from "stable," after... More

NIO Inc. (NIO) slides as revenue misses expectations

NIO Inc. (NYSE: NIO) shares are down around 1.8% premarket after its first-quarter revenue missed consensus expectations.

The Chinese electric vehicle maker reported a Q1 loss of RMB2.51 ($0.36) per share, RMB0.12 better than the analyst estimate of an RMB2.63 loss per share. Revenue for the quarter came in at RMB10.68 billion versus the consensus estimate of RMB11.93 billion.

During the quarter, NIO delivered... More

EV charging stocks plunge on Tesla/GM partnership; BofA says EVgo most impacted

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

Tesla jumps as GM deal makes its charging network closer to US standard

By Aditya Soni and Hyunjoo Jin

(Reuters) -Tesla shares closed 4% higher on Friday after General Motors joined Ford in agreeing to use its electric-vehicle charging network, a big win that analysts said could make Tesla Superchargers an industry standard in the United States.

The rare partnership among three of the biggest U.S. automakers ensures that more than 60% of the country's EV market can access Tesla's North American Charging Standard (NACS), which should make it the primary network in the country.

The White House on Friday said electric-vehicle charging stations using Tesla standard plugs would be... More

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

In addition to raising the price target on Tesla (NASDAQ: TSLA)... More

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

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

(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

(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.

NIO Inc. (NIO) Tops Q1 EPS by 12c, Misses on Revenue, Delivers 31K Vehicles

NIO Inc. (NYSE: NIO) reported Q1 EPS of (RMB2.51), RMB0.12 better than the analyst estimate of (RMB2.63). Revenue for the quarter came in at RMB10.68 billion versus the consensus estimate of RMB11.93 billion. For the quarter the company delivered 31,041 vehicles.

For Q2... More

Archer Aviation (ACHR) and Stellantis (STLA) Host European Debut of Midnight eVTOL Aircraft

Archer Aviation Inc. (NYSE: ACHR) and... More

Stocks expected to have increasing option: CVNA WYNN LVS GM TSLA CHPT F

Stocks expected to have increasing option: CVNA WYNN LVS GM TSLA CHPT F

Chargepoint Holdings Inc. (CHPT) option IV near low end of range

Chargepoint Holdings Inc. (NYSE: CHPT) 30-day option implied volatility is at 64; compared to its 52-week range of 62 to 100.

General Motors (GM) option IV at low end of range

General Motors (NYSE: GM) 30-day option implied volatility is at 30; compared to its 52-week range of 30 to 60 into announced a collaboration with Tesla (TSLA) to integrate the North American Charging Standard connector design into its EVs beginning in 2025.

Tesla (TSLA) option IV flat at 53

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.

NIO Inc. (NIO) June weekly 8 straddle into quarter results

NIO Inc. (NYSE: NIO) June weekly 8 straddle is priced for a move of 13% into the expected release of quarter results today before the bell.

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

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

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

(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

GM (GM) confirms pact with Tesla (TSLA) to integrate NACS connector design into its EVs beginning in 2025

General Motors Co. (NYSE: GM) announced today a collaboration with Tesla to integrate the North American Charging Standard (NACS) connector design into its EVs beginning in 2025. Additionally, the collaboration will expand access to charging for GM EV drivers at 12,000 Tesla Superchargers, and growing, throughout North America. This agreement complements GM's ongoing investments in charging, reinforcing the company's focus on expanding charging access across home, workplace, and public spaces and builds on the more than 134,000 chargers available to GM EV drivers today... More

GM To Adopt Tesla Charging Standard For Next-generation EVs - Bloomberg

GM To Adopt Tesla Charging Standard For Next-generation EVs - Bloomberg

Stock market today: Dow closes higher as tech shines after treasury yields stumble

Investing.com -- The Dow closed higher Thursday as tech resumed its advance supported by a drop in Treasury yields after data showing jobless claims jumped to 20-month highs stoked expectations for a Federal Reserve pause next week.

The Dow Jones Industrial Average rose 0.5%, or 168 points higher, the Nasdaq rose 1%, and the S&P 500 was up 0.6%,

Initial Jobless claims unexpectedly rose 28,000 to 261,000, the largest jump since October 2021, pointing to signs of cooling in the labor market.

We remain of the view that the risk of a full-blown layoff cycle later in the Summer remains... More

NIO earnings, commodity outlook, rig count: 3 things to watch

Investing.com -- Stocks rising after higher-than-expected initial jobless claims eased concerns about a rate hike next week.

The Federal Reserve is preparing to meet to decide the next step on interest rates. Between now and that two-day meeting, which starts on Tuesday, the only other major data point awaiting release is the consumer price index for May. Analysts are hoping to see more signs that prices are cooling.

GM embraces Tesla's EV charging system, Wall Street cheers

By David Shepardson and Joseph White

(Reuters) -General Motors will join Ford in adopting Tesla's North American charging plug standard and give GM electric-vehicle buyers access to the Tesla Supercharger network under an agreement announced on Thursday.

GM's move, which follows a similar decision by Ford to embrace Tesla's charging plug standard, means three of the top EV sellers in the North American market have now agreed on a standard for charging hardware. The agreement was announced by GM CEO Mary Barra and Tesla chief Elon Musk in a Twitter Spaces event.

Investors applauded the... More

Tesla (TSLA) adds to gains as Musk to join GM's Barra to discuss EV charging

Tesla (NASDAQ: TSLA) adds to intra-day gains as CEO Elon Musk will be joining GM (NYSE: GM) CEO Mary Barra on a Twitter Spaces to "discuss the future of EV charging."

General Motors (GM) on watch as CEO Mary Barra to have Twitter Space with Tesla (TSLA) CEO Elon Musk

General Motors (NYSE: GM) on watch as CEO Mary Barra to have Twitter Space with Tesla (NASDAQ: TSLA) CEO Elon Musk

S&P 500 rides tech higher as Treasury yields slip on signs of cooling labor market

Investing.com -- The S&P 500 climbed Thursday as tech resumed its climb higher following a drop in the Treasury yields after data showing jobless claims jumped to 20-month highs stoked expectations for a Federal Reserve pause next week.

The S&P 500 was up 0.6%, the Dow Jones Industrial Average rose 0.5%, or 180 points higher, the Nasdaq rose 0.9%.

Initial Jobless claims unexpectedly rose 28,000 to 261,000, the largest jump since October 2021, pointed to signs of cooling in the labor market.  

We remain of the view that the risk of a full-blown layoff cycle later in the Summer remains... More

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

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

GM to invest more than $500 million in Texas plant for future SUVs

By David Shepardson

(Reuters) -General Motors said Thursday it will invest more than $500 million in its Arlington, Texas assembly plant to prepare it for production of next-generation internal combustion engine full-size SUVs.

The Detroit automaker is making a series of announcements this month. Efforts to retool existing North American auto plants and introduce more efficient next-generation internal combustion models are also being planned, sources told Reuters. GM faces increasingly stringent emissions requirements from California and the Environmental Protection Agency (EPA). The total investments being announced... More

California DMV conditionally approves Mercedes-Benz's automated driving tech - Reuters

California DMV conditionally approves Mercedes-Benz's automated driving tech - Reuters

Active options: TSLA NVDA AMZN AAPL AMD PLTR CVNA META GME SOFI

Active options: TSLA NVDA AMZN AAPL AMD PLTR CVNA META GME SOFI

William O'Neil Reinstates Tesla (TSLA) at Buy

William O'Neil reinstates coverage on Tesla (NASDAQ: TSLA) with a Buy rating.

For an analyst ratings summary and ratings history on Tesla click here. For more ratings news on Tesla click here.

Shares of Tesla closed at $224.57 yesterday.

NIO Inc. (NIO) calls more active than puts into quarter results and outlook

NIO Inc. (NYSE: NIO) June weekly option implied volatility is at 240, June is at 127; compared to its 52-week range of 63 to 111 into the expected release of quarter results before the bell on June 9. Call put ratio 2.2 calls to 1 put.

Tesla (TSLA) option implied volatility as shares near seven-month high

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

Active options: TSLA AMZN NVDA GME PLTR META AAPL AMD CVNA F HBI

Active options: TSLA AMZN NVDA GME PLTR META AAPL AMD CVNA F HBI

China launches nationwide car purchasing initiative following May sales report

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

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

GameStop, Meta Platforms fall premarket; Designer Brands, Lucid rise

Investing.com -- Stocks in focus in premarket trade on Thursday, June 8th. Please refresh for updates.

GameStop (NYSE: GME) stock fell 21% after the troubled video game retailer announced that it had "terminated" chief executive officer Matt Furlong and... More

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

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 considering building automotive investment in Spain - source

MADRID (Reuters) -U.S. electric car manufacturer Tesla is in talks with the leaders of the regional government of Valencia in Spain to make an automotive investment, a source close to the discussions has told Reuters. A spokesperson for Valencia's regional government told Reuters it had held meetings and conversations with an unidentified company about a "large automotive investment", but declined to give more details, citing the confidentiality of the negotiations.

A separate source confirmed the company concerned was Tesla. Spanish business newspaper Cinco Dias cited sources as saying the investment would be a car factory and its... More

NIO Inc. (NIO) June weekly 8 straddle into quarter results

NIO Inc. (NYSE: NIO) June weekly 8 straddle is priced for a move of 13% into the expected release of quarter results before the bell on June 9.

Tesla (TSLA) option implied volatility steady

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 51; compared to its 52-week range of 44 to 96.

China launches nationwide car purchase campaign as May sales tick up

BEIJING/SHANGHAI (Reuters) -China on Thursday announced a nationwide campaign to promote automobile purchases in a major push to shore up demand in the world's largest auto market.

The announcement from the Ministry of Commerce came shortly after data showed passenger vehicle sales in China rose 7.3% in May from April, higher on the month but far from the robust recovery policymakers are hoping for.

The commerce ministry said it would coordinate and push local authorities to roll out targeted policies and measures in favour of car consumption. Financial institutions will be encouraged to introduce measures... More

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

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

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Popular stocks increasing volume: F SOFI NFLX AFRM UPST MRVL COIN BAC GME

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

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

Volvo launches EX30 electric SUV

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

NIO Inc. (NIO) calls more active than puts into quarter results and outlook

NIO Inc. (NYSE: NIO) June weekly option implied volatility is at 178, June is at 110; compared to its 52-week range of 63 to 111 into the expected release of quarter results before the bell on June 9. Call put ratio 3.9 calls to 1 put.

Stellantis (STLA) launches second round of share buybacks

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

Active options: TSLA PLTR NVDA AAPL AMD AMZN NFLX GOOGL AFRM

Active options: TSLA PLTR NVDA AAPL AMD AMZN NFLX GOOGL AFRM

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

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

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) Announces Second Tranche of EUR 1.5B Share Buyback

Stellantis Announces Launch of Second Tranche of Its Share Buyback Program

Stellantis N.V. (NYSE: STLA) announced today that pursuant to its Share Buyback Program announced on February 22, 2023, covering up to 1.5 billion to be executed in the open market with the intent to cancel the common... More

NIO Inc. (NIO) June weekly 8 straddle into quarter results

NIO Inc. (NYSE: NIO) June weekly 8 straddle is priced for a move of 13% into the expected release of quarter results before the bell on June 9.

Tesla (TSLA) option implied volatility as shares trend

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 51; compared to its 52-week range of 44 to 96.

Stocks expected to have increasing option volume: SFIX CPB DOCU GME SIG NIO

Stocks expected to have increasing option volume: SFIX CPB DOCU GME SIG NIO