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

Tesla (TSLA) ends record-breaking rally at 13 consecutive days

Shares of TSLA ended trading Wednesday down 0.74%, ending Teslas (NASDAQ: TSLA) impressive 13-day winning streak. The 13-day rally saw the company gain an astounding 29.3% in share price. The companys previous streak of 11 days was attained in January 2021 and was matched on Friday.

The rally follows... More

Tesla (TSLA) gains momentum in China as registrations reach 16,400 in second week of June

Tesla (NASDAQ: TSLA) China appears to be gaining momentum in the largest domestic auto market in the world as industry trackers reveal Tesla insurance registrations have reached an impressive 16,400 units for the week ending June 11th, bringing the companys cumulative total of... More

Elon Musk encourages Toyota (TM) to join EV charging revolution, embrace NACS connector

Tesla (NASDAQ: TSLA) CEO Elon Musk suggested on Twitter Wednesday that he would welcome Toyota (NYSE: TM) into the coalition of automakers that have already adopted his companys charging connector, known as the North American Charging Standard (NACS).

Over the past several weeks, numerous automakers and charging companies have already committed to adopting the NACS connector.

The moves were started by Ford... More

Minister Barrot says he wants Tesla (TSLA) to build a Gigafactory in France

French digital minister, Jean-Noel Barrot expressed desires Wednesday for Tesla (NASDAQ: TSLA) to build a gigafactory in his country, as President Emmanuel Macron prepares to meet Tesla CEO Elon Musk for the second time in just over a month.

"It will be... More

Tesla (TSLA) curbs electric Semi production citing supply constraints

Tesla (NASDAQ: TSLA) CEO Elon Musk revealed Tuesday that the electric vehicle giant production of its Class 8 EV semi-truck would be scaled back, citing concerns about supply chain issues. Musk explained, at an energy conference in Austin, Texas, that due to limitations in battery supply, Tesla's plan to increase production of its electric semi will be postponed until late 2024. The first trucks were delivered in December 2022, five years... More

Tesla (TSLA) aims to extend record win streak to 14 consecutive sessions

Shares of electric vehicle company Tesla Inc. (NASDAQ: TSLA) continue to rise in pre-market trading Wednesday morning, increasing the possibility of a 14-day win streak for the companys stock price.

Tesla's shares ended Tuesday with a 3.55% increase, setting a new milestone for the company with a remarkable 13th consecutive session of gains. This achievement surpasses... More

Stellantis (STLA) is evaluating Tesla (TSLA) NACS charging connectors

Stellantis (NYSE: STLA) revealed Tuesday that the Franco-American automaker continues to evaluate Tesla's (NASDAQ: TSLA) charging standard after Ford Motor Co (NYSE: F) and General Motors Co (NYSE:... More

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

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

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

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

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

Analysis-EV charger makers guardedly look to adopt Tesla standard

By Abhirup Roy

(Reuters) -Electric vehicle charging companies are cautiously embracing Tesla's charging technology as the main U.S. standard, mere days after Ford and GM said they were adopting it, but questions remained about how any interoperability would work.

The rare agreements between Tesla Inc and each of the two U.S. automakers, who among them control more than 60% of the country's EV market, is likely to give top billing to Tesla's North American Charging Standard (NACS). Tesla shares rose 2.2% on Monday.

That puts companies, including ChargePoint, EVgo Inc and Blink Charging Co, in... 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

Tesla (TSLA) option IV amid shares trade above $246

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 56; compared to its 52-week range of 44 to 96.

Active options: TSLA NVDA AAPL AMD CVNA NIO AMZN SOFI

Active options: TSLA NVDA AAPL AMD CVNA NIO AMZN SOFI

KGI Securities Upgrades Tesla (TSLA) to Outperform, 'Strong US advantage & AI prowess'

(Updated - June 12, 2023 7:55 AM EDT)

KGI Securities analyst Jennifer Liang upgraded Tesla (NASDAQ: TSLA) from Neutral to Outperform with a price target of $335.00.

The analyst comments "Strong AI prowess exemplified by FSD Beta. Musk said recently in a CNBC (US) interview that Tesla's full self-driving (FSD) system... More

Tesla (TSLA) shares on track for longest 'green' streak ever

Investor's euphoria around Tesla (NASDAQ: TSLA) has arguably never been higher, as the stock is currently up another 1.6% in pre-market on Monday, and could be on track for its 12th straight day of gains - TSLA's longest streak ever.

Elon Musk's electric vehicle company, and... More

Active options: TSLA AAPL AMD CVNA NIO AMZN SOFI NFLX PLTR F MSFT

Active options: TSLA AAPL AMD CVNA NIO AMZN SOFI NFLX PLTR F MSFT

S&P 500 gives up some gains, but tech strength keeps bulls in control

Investing.com -- The S&P 500 gave up gains Friday, after entering a new bull market a day earlier, but remains supported by an ongoing climb in big tech and a Tesla-led jump in consumer stocks.

The S&P 500, which entered a bull market a day earlier after closing up 20% from its October low, was up 0.2%. The Dow Jones Industrial Average gained 0.1%, or 36 points, and the Nasdaq gained 0.3%.

Tesla Inc (NASDAQ: TSLA) jumped more than 3% to remain on track for an 18-day win streak... 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

Tesla short sellers down $6.08 billion in stock's 11-session winning streak -S3 Partners

(Reuters) - Traders who have sold Tesla Inc shares short have lost about $6.08 billion on a mark-to-market basis during the electric car maker's current winning streak, according to the latest data from S3 Partners.

Tesla's current rally, which will span 11 sessions if it closes Friday's session higher, has the stock up around 35% since May 24.

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

Midday movers: DocuSign, Tesla, Braze and more

Investing.com -- Stocks are rising as investors try to notch another rally for the S&P 500 ahead of next week's Federal Reserve meeting. Here are the market movers for June 9.

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

White House welcomes Tesla to take advantage of federal dollars for chargers

By Jarrett Renshaw and Abhirup Roy

(Reuters) - The White House on Friday said electric-vehicle charging stations using Tesla standard plugs would be eligible for billions of dollars in federal subsidies as long as they included the U.S. charging standard connection, CCS, as well.

The statement follows separate announcements by U.S. automakers Ford Motor and General Motors that they were adopting the Tesla model of charging, known as the North American Charging Standard (NACS). The moves shake up a charging industry that looked like it was drifting toward the rival CCS connection, with the help of federal... 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

CFRA Downgrades Tesla (TSLA) to Buy, 'we expect some frustration from Tesla vehicle owners due to increased congestion'

(Updated - June 9, 2023 11:50 AM EDT)

CFRA analyst Garrett Nelson downgraded Tesla (NASDAQ: TSLA) from Strong Buy to Buy with a price target of $300.00 (from $250.00).

The analyst comments "
We raise our 12-month target by $50 to $300, based on a 2025 P/E of 41.1x. We lift our... More

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

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

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.

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

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.

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.

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

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

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.

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

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