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

GM acquires software startup, Algolion to detect early battery defects

General Motors (NYSE: GM) announced Friday that the automotive company has acquired Israel-based Algolion Ltd, a software startup that helps detect problems in batteries.

GM said Algolion's software will help the Detroit automaker bring to the market a "cost-effective" early hazard detection... More

XPeng (XPEV) climbs after G6 priced below Tesla (TSLA) Model Y

Shares of Xpeng Inc. (NYSE: XPEV) are up nearly 14% and counting on Friday after the Chinese electric automaker revealed the starting price for the companys new G6 smart SUV is about 20% below the cost of Teslas (NASDAQ: TSLA) Model Y in the country.

The pricing comes at a time when EV giant Tesla's sales China... More

Deutsche Bank expects continued strength in June auto sales

The auto industry is gearing up to announce their sales figures for June, and according to Deutsche Bank, there is an anticipation of the US light vehicle SAAR reaching approximately 15.5 million units. This would mark an increase from May's 15.1 million units, mainly attributed to more favorable seasonal factors. Moreover, the projected figure for June 2023 is notably higher than June 2022, which stood at 13.2 million units.

Analyst, Emmanuel Rosner wrote in a note, We expect June US light vehicle SAAR to come in around 15.5m units, up from 15.1m in May... More

Ford (F) signs initial deal to sell Germany plant to investor

Ford Motors (NYSE: F) held a work meeting Friday where the Detroit automaker revealed that they have found what was described as a major international investor for Fords German plant in Saarlouis and has signed initial agreements together with the western state of... More

Polestar (PSNY) to adopt Tesla's (TSLA) NACS in US and Canada

Swedish automaker, Polestar (NASDAQ: PSNY) announced Thursday that they have signed an agreement with Tesla (NASDAQ: TSLA) to adopt the North American Charging Standard (NACS), allowing access to Teslas expansive Supercharger network for all Polestar drivers in the United States and Canada.

The press release detailed the companys plans to include the... More

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

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Active options: TSLA NVDA AMZN AMD AAPL NFLX COIN CCL

Blink Charging (BLNK) Incorporates NACS Into Entire Product Line

Blink Charging Co. (NASDAQ: BLNK) (Blink or the Company), a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, has announced it is fully committed to meeting the EV charging needs of drivers, regardless of vehicle model, by incorporating both the North America Charging Standard (NACS) and Combined Charging System (CCS) into Blinks state-of-the-art line of charging products.... More

Tesla to hit record quarterly sales in China even as market share shrinks - analysts

SHANGHAI (Reuters) - Tesla is set to hit another record quarter with its China sales while it faces mounting pressure from local competitors such as BYD eating into its share in the world's largest auto market, analysts say.

The U.S. automaker could sell 155,000 cars in China during April to June, an increase of 13% from its record first quarter, according to estimations by Shi Ji, an analyst with China Merchants Bank International Securities.

However, Tesla's share in China's battery electric car market would shrink in the quarter to 13.7% from 16% in the first three months, while BYD... More

Tesla charging technology put on fast track to become US standard

By Hyunjoo Jin and Trevor Hunnicutt

(Reuters) -Tesla's electric-vehicle charging technology is being put on a fast track to become a North American standard, giving a further boost to the automaker's plan to expand access to its once-exclusive chargers.

Tesla's charging technology has been gathering momentum for weeks. Volvo Car on Tuesday joined General Motors, Ford and Rivian in embracing Tesla's charging design, shunning earlier efforts by the Biden administration to make the Combined Charging System (CCS) the dominant charging standard in the United States.

SAE International aims to make an industry standard configuration of Tesla's... 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

Ford (F) to cut at least 1,000 salaried and contract workers

The Wall Street Journal reports Tuesday, citing unnamed sources, that Ford (NYSE: F) plans to lay off at least 1,000 salaried and employees and contract workers in North America in an effort to offset the heavy cost of investing in electric cars.

According to sources,... More

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Active options: TSLA NVDA AMZN AAPL AMD GOOGL META

Ford Motor (F) to Lay Off At Least 1,000 Salaried and Contract Workers, Sources Say - WSJ

Ford Motor (NYSE: F) to Lay Off At Least 1,000 Salaried and Contract Workers, Sources Say - WSJ

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

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

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

Blink Charging (BLNK) Integrates Former SemaConnect Chargers into Blink’s Global Network

Blink Charging Co. (NASDAQ: BLNK) (Blink or the Company), a leading global manufacturer, owner, operator and provider of electric vehicle (EV) charging equipment and services, today announced the successful transition of all former SemaConnect networked chargers and services to the new Blink Network. This move showcases the Blink Networks cutting-edge technology and user-friendly design, providing enhanced visibility for site hosts and a reliable... More

GM Defense to Prototype an Advanced Energy Storage System for the Defense Innovation Unit (GM)

GM Defense, a subsidiary of General Motors, was selected by the Department of Defense's (DoD) Defense Innovation Unit (DIU) to prototype an energy storage unit. GM Defense's solution will meet the requirements of DIU's Stable Tactical Expeditionary Electric Power (STEEP) program. STEEP seeks to support tactical microgrid and energy management capabilities in austere locations, reducing logistical requirements and the reliance on fossil fuels as... More

Tesla (TSLA) still a Best Pick for 2023 at Baird

Baird analyst Ben Kallo on Tesla (NASDAQ: TSLA): "We consider TSLA a core holding and continue to like it as a Best Pick for the year. With that said, we think sentiment headed into the quarter is negative and stock likely trades... More

Chargepoint (CHPT) Announces Availability of NACS Solutions for New and Existing EV Charging Deployments

ChargePoint Holdings, Inc. (NYSE: CHPT), a leading provider of solutions for charging electric vehicles (EVs), today announced the availability of NACS connector options for new orders and for currently installed CP6000, CPE 250, and Express Plus customers. The addition of NACS enabled solutions, in addition to J1772 or... More

Bernstein's Sacconaghi estimates that supercharging could be a $12B revenue opportunity for Tesla (TSLA) in 2030

Bernstein analyst Toni Sacconaghi weighs in on how big could the Supercharging opportunity be for Tesla (NASDAQ: TSLA): "We estimate that Tesla's Supercharging generated ~$600M in revenue in 2022. This translates to ~$160 per car per year, and represents ~0.7% of total company revenues. We... More

Tesla (TSLA) 30-day option implied volatility flat

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 63; compared to its 52-week range of 44 to 96.

Tesla on Autopilot crashes into stopped truck in Pennsylvania -police

By Hyunjoo Jin

(Reuters) - A Tesla vehicle that was operating on its Autopilot software crashed into a stationary truck on a highway in Pennsylvania on Friday night, police said, adding to scrutiny of the automaker's driver assistance system.

The Tesla was traveling in the middle lane when it... More

General Motors (GM) updates pricing and specs for Silverado EV

Detroit automaker, General Motors (NYSE: GM) revealed updated pricing a specs for their upcoming Chevrolet Silverado EV after announcing that they have decided to scrap plans to offer a base version of the Silverado EV with a $39,000 price tag.

"A lot has changed in the last year and a half, a lot of economic and industry pressure, we are going to increase that price," said Amy Masica, head of... More

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Active options: TSLA NVDA AMZN AAPL AMD CCL META AMC

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

General Motors (GM) signs supply chain deal with Element 25

Australian mining company, Element 25 revealed Monday that they have been chosen to supply manganese sulphate to General Motors (NYSE: GM). Manganese sulphate is an important raw material needed to make batteries for electric vehicles.

According to a news release by GM, Element 25 will supply the Detroit automaker with enough manganese sulfate needed to scale electric vehicle capacity in North America to 1... More

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Active options: TSLA AMZN CCL AAPL AMD NVDA SOFI LCID FGEN COIN PLTR

Ford (F) cuts contract workers ahead of planned layoffs

Ford (NYSE: F) notified contract workers employed by outside companies late Friday that their services would no longer be needed, the Michigan automaker confirmed Saturday.

The company alerted some workers who are employed by outside agencies that their contracts were not being renewed. When asked how many people would not be reporting to work Monday, Ford spokesman T.R. Reid said, "Were not providing numbers."

"People in certain agency positions across a few skill teams were notified by their employers that their assignments at Ford have ended," Reid told reporters. "The... More

Tesla's searing rally elicits downgrades, caution on Wall Street

By Aniruddha Ghosh

(Reuters) -A blistering rally in Tesla Inc shares has powered the EV maker's market value toward trillion-dollar levels, prompting some analysts to question its valuation and downgrade the stock.

Goldman Sachs on Monday cut Tesla to "hold" equivalent rating, joining Morgan Stanley and Barclays, which downgraded the stock last week. The brokerages, however, raised their price targets to reflect the momentum in Tesla shares, which have soared 71% since late April and more than doubled this year.

Tesla, Alphabet fall premarket; Moderna, Lucid Group rise

Investing.com -- Stocks in focus in premarket trade on Monday, June 26th. Please refresh for updates.

Tesla (NASDAQ: TSLA) stock fell 1.4% after Goldman Sachs downgraded... More

Deutsche Bank raises estimates ahead of Tesla’s (TSLA) 2Q delivery report

Deutsche Bank reiterated a Buy rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the stock to $230.00 (From $200.00) ahead of the companys 2Q23 deliveries and earnings report.

Tesla is scheduled to report its delivery and production numbers for the second quarter of 2023 during the upcoming weekend. Deutsche Bank revised their estimates for the second quarter's deliveries to 448,000 units, indicating a 76% year-on-year increase and a... More

Tesla (TSLA) PT Raised to $230 at Deutsche Bank

Deutsche Bank analyst Emmanuel Rosner raised the price target on Tesla (NASDAQ: TSLA) to $230.00 (from $200.00) while maintaining a Buy rating.

The analyst comments "We continue to view Tesla as an EV leader in the autos sector and more recently this has especially manifested in the EV charging space as OEMs onboard the companys... More

Russian turmoil, Tesla, German Ifo - what's moving markets

Investing.com -- Global markets have taken the short-lived Russian mutiny in their stride, so far, with the oil market, for example, having largely handed back most of the early gains. Tesla is under pressure after another downgrade, this time by Goldman Sachs, while the German economy shows further signs of weakness.

1. Muted market reaction to Russian turmoil

The weekends mutiny in Russia by the Wagner Group of mercenaries, led by Yevgeny Prigozhin, appears to have been short-lived, but has still prompted a great deal... More

Tesla (TSLA) volume active on 3.5M contracts

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 61; compared to its 52-week range of 44 to 96 on 3.5M contracts.

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Active options: TSLA AMZN AAPL NVDA AMD META MARA INTC SOFI

Tesla (TSLA) stock is no longer a Buy at Goldman Sachs; Shares slip

(Updated - June 26, 2023 2:51 AM EDT)

Goldman Sachs analyst Mark Delaney downgraded Tesla (NASDAQ: TSLA) stock to Neutral from Buy following a massive year-to-date rally in the electric vehicle (EV) makes stock.

Still, the analyst raised the price target to $248 per share from the prior $185, reflecting increased EPS estimates and a higher target multiple.

Delaney remains positive on... More