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

General Motors (GM) announces $1B investment in Brookville DMAX plant

General Motors (NYSE: GM) held an event at their DMAX plant in Brookville, Ohio Friday where the automaker announced that it would invest nearly $1 billion into the facility.

During the event, GM leaders said it would be spending $920 million into the facility to help support the production of... More

Autonomy is 'main driver' of Tesla (TSLA) value says Musk

Tesla (NASDAQ: TSLA) CEO Elon Musk attended Vivatech 2023 in Paris Friday where he revealed that his company is close to achieving fully autonomous vehicles, adding autonomy was the "main driver" of the brand's market value.

TSLA shares jumped by as much... More

Tesla (TSLA) China to offer time-limit insurance and loan incentives for Model 3

Tesla (NASDAQ: TSLA) China announced, via its official Sina Weibo account Friday, that the electric automaker is offering a limited-time incentive for the China-made Model 3.

The company announced that from June 16th to 30, customers who purchase and successfully take delivery of the... More

Japan to provide $854M to support Toyota's (TM) domestic EV battery production plans

Asian finance newspaper, The Nikkei reports Thursday that Japan will give Toyota (NYSE: TM) around 120 billion yen ($854 million) in support towards the Japanese automakers plans to invest in the domestic production of lithium ion batteries used in electric vehicles.

Earlier this... More

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

Tesla (TSLA) to reduce shifts at German plant, says production targets are on track

Tesla (NASDAQ: TSLA) announced Thursday that it plans to hire fewer temporary workers at its plant near Berlin compared to the initial ramp-up phase. Additionally, the company will no longer schedule Saturday shifts. However, Tesla remains confident in its ability to meet the... More

RBC Capital examines Tesla’s (TSLA) FSD future, reiterates Outperform

RBC Capital Markets reiterated an Outperform rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the stock to $305.00 (From $212.00) as the automaker continues to work towards a fully autonomous electric vehicle.

Analyst Tom Narayan wrote in a note, We believe robotaxis (and autonomous vehicles in general) could potentially transform society more than anything else in our... More

Morgan Stanley remains bullish as Tesla (TSLA) prepares to welcome Ford and GM to charging network

Morgan Stanley reiterated an Overweight rating and $200.00 price target on Tesla (NASDAQ: TSLA) as the electric vehicle maker prepares to open charging stations to Ford (NYSE: F) and General Motors (NYSE: GM)... More

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

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Active options: TSLA NVDA SOFI AAPL AMD INTC AMZN MSFT PLTR BABA

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

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Active options: TSLA SOFI NVDA AMD AAPL PLTR NIO AMZN

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

Toyota (TM) shareholders vote down climate resolution, show support for management

Toyota (NYSE: TM) shareholders handed the Japanese company a win at their shareholders meeting today when investors voted down a resolution urging greater disclosure of its climate lobbying. Investors also backed all 10 members of the board, including Chairman Akio Toyoda, despite concerns about board independence raised by prominent... More

Activision, Alphabet, UnitedHealth fall premarket; Tesla rises

Investing.com -- Stocks in focus in premarket trade on Wednesday, June 14th. Please refresh for updates.

Activision Blizzard (NASDAQ: ATVI) stock fell 1.9% after a U.S. federal judge granted the Federal Trade Commission's request to temporarily block Microsoft's (NASDAQ: MSFT)... More

Tesla's valuation rises by $240 billion amid record winning streak

Investing.com -- Tesla, Inc.(NASDAQ: TSLA) shares are on track to post gains for a record fourteenth straight session, tacking on to a winning streak that has added $240 billion in market value to the... More

Tesla (TSLA) option implied volatility flat as shares trend higher

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

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

U.S. stocks are rising after cooler-than-expected inflation data as Fed meets

Investing.com -- U.S. stocks were rising after cooler-than-expected inflation as the Federal Reserve starts its two-day policy meeting.

At 9:39 ET (13:39 GMT), the Dow Jones Industrial Average is up 184 points or 0.5%, while the S&P 500 is up 0.6% and the NASDAQ Composite is up 0.7%.

Data out this morning showed inflation rising 4% in May from last year, a cooler pace than expected. Without food and fuel, prices rose 5.3% from last year, meeting expectations.

Cooler-than-expected inflation... More

Active options: TSLA AMD AAPL NVDA AMZN ORCL SOFI

Active options: TSLA AMD AAPL NVDA AMZN ORCL SOFI

Toyota to face governance challenge over climate lobbying, transparency

Toyota will confront a difficult hurdle Wednesday when the company holds its annual shareholder meeting. According to recent reports, certain pension funds plan to vote against Chairman Akio Toyoda over governance concerns. These investors are also advocating for increased transparency regarding the company's climate lobbying activities.

The Japanese auto giant has attracted the attention of activists and green investors in recent years, who say... 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

Oracle, Intel, Manchester United rise premarket; Apple falls

Investing.com -- Stocks in focus in premarket trade on Tuesday, June 13th. Please refresh for updates.

Oracle (NYSE: ORCL) stock rose 6.1% after the cloud and software company beat fourth-quarter revenue estimates and forecast an upbeat first quarter, driven by... More

Interpool (IPX) to Produce Titanium Components for Ford Motor Company (F)

IperionX Limited (NASDAQ: IPX) has agreed a Scope of Work (SoW) for the supply of titanium metal components for Ford Motor Company (NYSE: F) using IperionXs unique 100% recycled, low-carbon titanium metal. Ford and IperionX have been actively collaborating to design, test and additively manufacture a series of high-quality titanium components for future Ford Performance production vehicles.

Ford Performance is the high-performance and racing division of the Ford Motor Company, well known for a leading range of performance cars such as the F150 Raptor, Bronco Raptor,... More

Time for Tesla (TSLA) Financial Services has come - Morgan Stanley

"We think the time for a full-line Tesla finco has arrived." - says analyst Adam Jonas of Morgan Stanley, as he maintains an Overweight rating on Tesla (NASDAQ: TSLA) with $200 Price Target.

In his latest note on the EV giant, the analyst argues that the company has historically sold the majority... More

Tesla (TSLA) option IV ticks up as shares trend higher

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

Toyota Motor (TM) Unveils New EV Technology

Toyota Motor Corporation (NYSE: TM) recently held a technical briefing session, "Toyota Technical Workshop," under the theme "Let's Change the Future of Cars" and announced a variety of new technologies that will support its transformation into a mobility company.

Hiroki Nakajima, Executive Vice President... More

Toyota Unveils Plans For New Battery Tech, EV Innovation - Reuters

Toyota Unveils Plans For New Battery Tech, EV Innovation - Reuters

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

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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.

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

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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

Toyota's (TM) boss faces scrutiny amid EV reluctance - WSJ

(Updated - June 12, 2023 6:57 AM EDT)

Akio Toyoda, the longtime leader of Toyota Motor (NYSE: TM), is said to be facing harsh scrutiny and criticism from shareholders amid the company's reluctance to commit to large-scale development and manufacturing of electric vehicles (EVs), according to an early Monday publication by the Wall Street Journal.

The WSJ reports that several shareholders, "including the New York City comptrollers office, the California Public
Employees Retirement System and a handful of European asset... More

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