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

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

June 30, 2023 1:12 PM EDT

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

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

June 29, 2023 9:51 AM EDT

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

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June 28, 2023 2:56 PM EDT

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

June 28, 2023 10:04 AM EDT

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

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June 28, 2023 9:44 AM EDT

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

June 28, 2023 1:15 AM EDT

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

June 27, 2023 12:08 PM EDT

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'

June 27, 2023 10:30 AM EDT

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

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June 27, 2023 9:46 AM EDT

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

June 27, 2023 9:40 AM EDT

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

June 27, 2023 9:08 AM EDT

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

June 27, 2023 8:55 AM EDT

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

June 27, 2023 8:15 AM EDT

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

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

June 27, 2023 7:00 AM EDT

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

June 27, 2023 6:01 AM EDT

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

June 27, 2023 5:21 AM EDT

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

June 27, 2023 4:37 AM EDT

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

... More

Tesla on Autopilot crashes into stopped truck in Pennsylvania -police

June 26, 2023 6:13 PM EDT

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

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June 26, 2023 3:21 PM EDT

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

June 26, 2023 1:19 PM EDT

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

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June 26, 2023 9:53 AM EDT

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

June 26, 2023 8:27 AM EDT

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.

... More

Tesla, Alphabet fall premarket; Moderna, Lucid Group rise

June 26, 2023 8:14 AM EDT

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

June 26, 2023 8:14 AM EDT

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

June 26, 2023 6:06 AM EDT

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

June 26, 2023 5:32 AM EDT

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

June 26, 2023 4:20 AM EDT

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.

... More

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June 26, 2023 3:40 AM EDT

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

June 26, 2023 2:49 AM EDT

(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