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

General Motors (GM) and Ford (F) executives comment on rebound of US consumer demand

Top executives from General Motors (NYSE: GM) and Ford Motors (NYSE: F) commented Thursday that new vehicle demand from U.S. retail and commercial customers is outpacing expectations.

Their comments highlight an optimistic report released by The U.S. Commerce Department indicating a surprising increase in retail sales for May as a growing number of Consumers are purchasing vehicles and various other goods.

"If the consumer remains at this strength, we could significantly outperform what we said" about full-year performance, General Motors Chief... 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

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

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

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

GM to invest $632 million in Indiana plant for future truck production

By David Shepardson

(Reuters) - General Motors plans to invest $632 million in its Fort Wayne, Indiana, assembly facility to prepare the plant for future internal combustion engine full-size light duty trucks, it said on Monday.

The investment will be used to support new conveyors, tooling and equipment for the plant that manufactures GM's Chevrolet Silverado 1500 and GMC Sierra 1500 trucks.

GM has detailed more than $2.3 billion in planned investment in a series of... 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

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

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

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

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.

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

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) 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

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

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.