Tesla, Alphabet fall premarket; Moderna, Lucid Group rise

ChargePoint (CHPT) expands availability of Tesla (TSLA) NACS at charging stations

On Wednesday, ChargePoint (CHPT), an electric vehicle charging equipment company, revealed that they have made Tesla's (NASDAQ: TSLA) North American Charging Standard (NACS) connectors accessible for new orders and existing installations of CP6000, Express 250, and Express Plus for their customers.

ChargePoint will add... More

Blink (BLNK) will expand NACS adoption to include entire product line

EV charging equipment company, Blink Charging (NASDAQ: BLNK) announced Wednesday that they have expanded their commitment to embrace the Tesla (NASDAQ: TSLA) Standard by incorporating both the North America Charging Standard (NACS) and Combined Charging System (CCS) into Blinks entire state-of-the-art line of charging products.

Earlier this month, the company made an announcement regarding the integration of NACS connections into their latest 240kW DC Fast Charger. However, Blink has gone a step further to ensure the satisfaction of all drivers, regardless of their vehicle model, by... More

Aston Martin tech deal is just the beginning, says Lucid (LCID) CEO

U.S. luxury electric vehicle firm, Lucid Group (NASDAQ: LCID) revealed Wednesday that the automaker will pursue more deals to sell its equipment as the company looks to expand its growing technology supply business, CEO Peter Rawlinson said on Wednesday, adding its recent deal with Aston Martin is just the start.

On Monday, Lucid made an announcement stating that they have entered into an agreement to supply Aston Martin with advanced technology. This includes a rear drive... More

BofA doesn't expect Meta Platforms' Quest+ to provide revenue impact over next few years

On Monday, Facebook owner Meta Platforms (NASDAQ: META) launched a virtual reality (VR) subscription service for its Quest headsets.

As it tries to make its VR headset business profitable, the company said users can pay $7.99 a month or $59.99 for an annual subscription and receive access to two new games a month. The... More

Stellantis (STLA) launches new EV charging service, aims to relieve 'charging anxiety'

Franco-American automaker and Jeep parent company, Stellantis (NYSE: STLA) launched 'Charging & Energy' business unit Free2move Charge on Tuesday, with the aim to make it easier to keep electric vehicles on the road and cash in on an expanding range of services around greener... More

Washington State plans to mandate Tesla's (TSLA) NACS

Washington State officials revealed Thursday that the state plans to follow Texas lead requiring electric vehicle charging companies to include Tesla's (NASDAQ: TSLA) North American Charging Standard (NACD) plug, commonly referred to as the Tesla Standard, to their charging stations if they plan to be a part of a state program to electrify highways using federal dollars.

General Motors (NYSE:... More

Lucid (LCID) gains as Saudi fund boosts investment

Shares of Lucid Group (NASDAQ: LCID) climbed as high as 7.6% in pre-market trading Tuesday morning after the luxury electric automaker revealed that Saudi Arabias sovereign wealth fund, The Public Investment Fund (PIF), acquired approximately 265.7 million shares of the EV manufacturer through a private... More

Tesla (TSLA) autopilot crashes into stopped semi-truck

According to the police, an incident occurred on Friday night in Pennsylvania where a Tesla (NASDAQ: TSLA) vehicle, utilizing its Full Self-Driving (FSD) autopilot software, collided with a stationary truck on a highway, further intensifying the examination of the automaker's driver assistance system.

On Monday, the Pennsylvania State Police revealed that the... More

Tesla (TSLA) remains Underperform at Bernstein, sees near term impact of NACS adoption as limited

Bernstein reiterated an Underperform rating and $150.00 price target on Tesla Inc. (NASDAQ: TSLA) after rival automakers Ford (NYSE: F), General Motors (NYSE: GM) and Rivian (NASDAQ: RIVN) decided to adopt the companys North American Charging Standard (NACS) connectors. Other third-party networks such as EVgo (NASDAQ: EVGO) and Blink... More

Citi says Meta Platforms' (META) Instagram engagement and monetization are improving

Citi raised its price target for Meta Platforms (NASDAQ: META) to $360 from $315 in a note Tuesday, with analyst Ronald Josey maintaining a Buy rating on the stock.

Josey told investors that Instagram engagement and monetization are improving, while Reels ad loads have reached 17%... More

Tesla (TSLA) remains top pick at Baird ahead of 2Q delivery and results

Baird reiterated an Outperform rating and $252.00 price target on Tesla (NASDAQ: TSLA) ahead of the electric automakers 2Q delivery and earnings results. Baird continues to consider the company a Best Pick for the year.

Analyst Ben Kallo wrote in a note, We consider TSLA a core holding... More

AI not just hype, BofA sees strong LLM adoption

BofA analyst Justin Post maintained a Buy rating and $128 price target on Alphabet (NASDAQ: GOOGL) in a note Monday, stating AI is not just hype, and their user survey suggests strong LLM adoption.

Post said that ChatGPT usage is strong among... More

Tesla (TSLA) recalls Model 3 and Model Y for battery issue

Over the weekend, Tesla (NASDAQ: TSLA) announced a recall affecting 26 of its 2023 Model 3 and Model Y vehicles due to a potential defect in the pyrotechnic battery disconnect. According to the safety report from the National Highway Traffic Safety Administration (NHTSA), the faulty battery disconnect may fail to isolate the high voltage battery of the vehicle following a crash or fault... More

Lucid (LCID) announces partnership with Aston Martin, sees early gains

Shares of luxury electric vehicle maker, Lucid Group (NASDAQ: LCID) soared in pre-market Monday after the electric automaker announced that they have entered into an agreement with Aston Martin to establish a long-term strategic technology partnership with the purpose to accelerate the British automakers high-performance electrification strategy and long-term growth.

"This partnership will represent a landmark collaboration between Aston Martin, a storied marque with a rich history, including... More