Chinese EV start-ups surge following June delivery numbers

North America and Europe lead surge in global EV demand

Analyst Ranulf Orr from Citi Research reported a surge in demand for Battery Electric Vehicles (BEV) in May, with a 46% increase compared to the previous year. The primary drivers of demand growth were Europe and North America, experiencing respective year-on-year rises of 59% and 50%. In contrast, China's growth was more... More

Needham remains sidelined on Tesla (TSLA) following 2Q delivery beat

Needham reiterated a Hold rating on Tesla (NASDAQ: TSLA) after the electric giant posted its 2Q production and delivery numbers, beating consensus estimates by about 5%.

Over the past year, the growth in TSLA's production capacity has surpassed the growth in vehicle deliveries. As a result, there have been several rounds of price cuts throughout the year, with the most significant reductions occurring in early Q1. According to Needham, TSLA's inventory is still expanding, albeit at a slower pace. They consider this a mildly positive development, but they believe that additional confirmation... More

Tesla (TSLA) cuts prices in Japan

Tesla (NASDAQ: TSLA) revealed Tuesday that the electric vehicle giant cut prices for its Model 3 and Y electric vehicles by 3-4% in Japan this month.

According to the company's website, prices for all versions of its more affordable Model 3 have been reduced... More

Tesla, XPeng, Nio rise premarket; AstraZeneca, AMC Entertainment fall

Investing.com -- U.S. futures inched lower at the start of a holiday-shortened week that includes the release of some key economic data, including the monthly employment report.

Here are some of the biggest... More

Tesla extends blistering rally after quarterly deliveries beat

By Aditya Soni

(Reuters) -Tesla shares jumped about 7% on Monday after better-than-expected quarterly deliveries showed that Chief Executive Elon Musk's plan of boosting volumes through discounts was working.

The day's gains lifted the top U.S. electric-vehicle manufacturer's market capitalization by around $57 billion to $887 billion.

At $277, the stock has already more than doubled in value this year and risen far above price targets set by analysts, prompting caution from some brokerages that margins will suffer because of the aggressive discounting spree.

Meanwhile, Irvine, California-based electric vehicle maker Rivian Automotive on Monday topped market estimates for second-quarter... More

Tesla (TSLA) PT Raised to $120 at JPMorgan, Remains Underweight, 'Expect Upward Pressure'

(Updated - July 3, 2023 6:28 AM EDT)

JPMorgan analyst Ryan Brinkman raised the price target on Tesla (NASDAQ: TSLA) to $120.00 (from $115.00) while maintaining a Underweight rating.

The analyst comments "We expect to see Tesla shares trade higher Monday after the firm on Sunday reported 2Q23 deliveries of 466,140 units, or +4% higher than Bloomberg consensus for 448,351. Deliveries also tracked... More

Tesla (TSLA) PT Raised to $270 at Deutsche Bank

Deutsche Bank analyst Emmanuel Rosner raised the price target on Tesla (NASDAQ: TSLA) to $270.00 (from $260.00) while maintaining a Buy rating.... More

Tesla (TSLA) PT Raised to $240 at Truist Securities

Truist Securities analyst William Stein raised the price target on Tesla (NASDAQ: TSLA) to $240.00 (from $154.00) while maintaining a Hold rating.... More

Tesla (TSLA) PT Raised to $275 at Goldman Sachs

Goldman Sachs analyst Mark Delaney raised the price target on Tesla (NASDAQ: TSLA) to $275.00 (from $248.00) while maintaining a Neutral rating.... More

XPeng Inc. (XPEV) Delivered 8,620 EVs in June 2023

XPeng Inc. (NYSE: XPEV) today announced its vehicle delivery results for June and the second quarter 2023.

In June 2023, XPENG delivered 8,620 Smart EVs, representing a 15% increase over the prior month, with the P7 series deliveries up 17% over the prior month. The Company has achieved positive delivery growth for five consecutive months. Total Smart EV deliveries for the second quarter of 2023 were 23,205 units, representing a quarter-over-quarter increase of 27%. As of June 30, 2023, XPENG has delivered over 300,000 Smart EVs.

The XPENG G6 Ultra Smart Coupe SUV was officially launched on June 29, offering five trim packages and... More

NIO Inc. (NIO) Delivers 10,707 EVs in June 2023

NIO Inc. (NYSE: NIO) today announced its June and second quarter 2023 delivery results.

NIO delivered 10,707 vehicles in June 2023. The deliveries consisted of 6,383 premium smart electric SUVs, and 4,324 premium smart electric sedans. NIO delivered 23,520 vehicles in the second quarter of 2023. Cumulative deliveries of NIO vehicles reached 344,117 as of June 30, 2023.

On June 15, 2023, NIO launched the ET5 Touring, a smart electric tourer, and started its deliveries the next day. Designed for family users, the ET5 Touring has been crafted with versatile space, and has inherited the exquisite and dynamic design,... More

Li Auto (LI) Delivered 32,575 EVs in June 2023

Li Auto Inc. (Nasdaq: LI) today announced that the Company delivered 32,575 vehicles in June 2023, surpassing the 30,000 monthly delivery mark for the first time and representing an increase of 150.1% year over year. This brought the Companys second quarter deliveries to 86,533, up 201.6% year over year. The Company has already surpassed its total vehicle deliveries for the entire year of 2022 with its deliveries in the first half of 2023.

Benefiting from the comprehensive enhancement of our organizational processes and operating capabilities, our monthly deliveries exceeded 30,000 for the first time, making Li Auto currently the... More

EV Charging Firms Oppose Texas' 'premature' Plan To Mandate Tesla Standard - Reuters

EV Charging Firms Oppose Texas' 'premature' Plan To Mandate Tesla Standard - Reuters

Tesla deliveries, Vision Pro production targets - what's moving markets

Investing.com -- Tesla unveils bumper second-quarter vehicle deliveries following a move by the electric carmaking giant to lower prices. Meanwhile, Apple is reportedly slashing its production targets for its Vision Pro headset and a major decision in San Francisco hangs over the future of Microsoft's megamerger with Activision Blizzard.

1. Tesla deliveries trounce expectations

Tesla (NASDAQ: TSLA) announced that deliveries in the second quarter jumped to a record 466,140, in a sign that a decision by the... More

Chinese EV stocks rally as June deliveries spike

Investing.com -- Shares of Chinese electric vehicle makers surged on Monday, amid increased optimism over the sector after the largest players in the country clocked a sizeable jump in vehicle deliveries through June

Sentiment towards the EV sector was also buoyed by Tesla Inc (NASDAQ: TSLA), which logged a record number of vehicle deliveries in the second quarter.

Hong Kong-listed shares of... More

Goldman's list of S&P 500 stocks with secular sales and net income growth greater than 10%

Goldman Sachs analyst David Kostin: "The largest tech stocks in the US equity market make it clear that identifying firms capable of posting sustained 10%+ sales growth in their nascent stages can be rewarding for investors. Rapid and consistent sales growth was a common attribute of todays largest stocks as... More

Stocks expected to have increasing option volume

Stocks expected to have increasing option volume: TSLA

Tesla (TSLA) option IV into Tesla produced 479,700 vehicles in Q2, delivered 466,140

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 58; compared to its 52-week range of 44 to 96 into Tesla produced 479,700 vehicles in Q2, delivered 466,140.

Tesla (TSLA) PT Raised to $293 at Canaccord Genuity

Canaccord Genuity analyst George Gianarikas raised the price target on Tesla (NASDAQ: TSLA) to $293.00 (from $257.00) while maintaining a Buy rating.... More

Tesla (TSLA) shares gain 6% after Q2 deliveries beat; seen as a 'strong report'

(Updated - July 3, 2023 5:38 AM EDT)

Electric vehicle (EV) giant Tesla (NASDAQ: TSLA) posted second-quarter delivery numbers that easily topped Wall Street consensus, benefiting from price cuts.

Tesla shares trade over 6% higher in pre-market Monday.

The EV giant delivered over 466,000 vehicles in the quarter, beating the Wall Street consensus of 448,350 deliveries. The company produced nearly 480,000 vehicles in the quarter.

Model 3/Y production and deliveries were 460,211 and 446,915, respectively. Model S/X production and deliveries were 19,489... More

Tesla (TSLA) delivers 466,000 vehicles in Q2, topping consensus

Tesla (NASDAQ: TSLA) announced that in the second quarter, they produced nearly 480,000 vehicles and delivered over 466,000 vehicles. This beat the consensus of 448,350 deliveries.

Tesla will post its financial results for the second quarter of 2023 after market close on Wednesday, July 19, 2023. At that... More

Tesla beats second-quarter delivery estimates as price cuts pay off

(Reuters) -Tesla Inc on Sunday said it delivered a record number of vehicles in the second quarter, topping market estimates as price cuts and U.S. federal credits helped make its electric vehicles more affordable.

The Elon Musk-led company handed 466,140 vehicles in the April to June period, up 10% from the preceding quarter, and 83% higher from a year earlier.

Analysts on average had expected Tesla to deliver 445,000 cars, according to nine analysts polled by Refinitiv, with the lowest estimate at 439,875 and highest at 450,000.

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

Tesla (TSLA) option implied volatility into Q2 deliveries

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 59; compared to its 52-week range of 44 to 96 into expected to release Q2 deliveries.

Active options: TSLA AAPL NVDA CCL MARA AMZN AMD MSFT

Active options: TSLA AAPL NVDA CCL MARA AMZN AMD MSFT

CLSA cuts XPeng (XPEV) to Buy following G6 launch

CLSA downgraded XPeng (NYSE: XPEV) to an Outperform rating (From Buy) and raised their 12-month target price to $13.10 (From $10.00) following the launch of the companys G6 smart electric SUV on Thursday.

Analyst Aaron Zijun Li wrote in a note, Xpeng launched G6 model on 29 June with official price starting from Rmb209,900. We expect G6 could reach 10,000 monthly sales units, helping Xpengs sales return to... More

Xpeng shares jump as China EV maker prices SUV below Tesla Model Y

By Chavi Mehta

(Reuters) -Xpeng's U.S.-listed shares jumped more than 11% on Friday after the electric-car maker priced its latest G6 sport utility vehicle about 20% lower than Tesla's Model Y in China.

The pricing comes at a time when U.S. automaker Tesla's sales in the world's largest market for electric vehicles were likely to hit another record quarter.

While Warren Buffett-backed BYD, dominates the China's EV market, an analyst with China Merchants Bank International Securities said Tesla's sales could increase 13% from the previous... More

Tesla set to report record quarterly vehicle deliveries, fueled by incentives

By Hyunjoo Jin and Akash Sriram

SAN FRANCISCO (Reuters) - Tesla is set to report record vehicle deliveries, after the top electric vehicle maker increased discounts and other incentives to boost sales in the face of economic uncertainty and rising competition.

Tesla is expected as early as this weekend to report global deliveries of 445,000 vehicles in April to June, according to the average estimates of nine analysts by Refinitiv. That would be an increase of 5% from 422,875 the preceding quarter.

Tesla CEO Elon Musk's plan to sharply increase sales this year faces challenges from aging and limited product... More

Tesla (TSLA) 30-day option implied volatility at 60

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 60; compared to its 52-week range of 44 to 96.

CLSA Downgrades XPeng (H-Shares) (9868:HK) (XPEV) to Outperform (2)

CLSA analyst Aaron Zijun Li downgraded XPeng (H-Shares) (9868:HK) (NYSE: XPEV) from Buy (1) to Outperform (2) with a price target of HK$51.20 (from HK$39.00).

CLSA Downgrades XPeng (XPEV) to Outperform (2)

CLSA analyst Aaron Li downgraded XPeng (NYSE: XPEV) from Buy (1) to Outperform (2) with a price target of $13.10 (from $10.00).

For an analyst ratings summary and ratings history on XPeng click here. For more ratings news on XPeng click here.

Shares of XPeng closed at $11.83 yesterday.

XPeng (XPEV) launches G6 SUV in China

Chinese electric automaker, XPeng Inc. (NYSE: XPEV) officially launched its G6 Ultra Smart Coupe SUV in China on Thursday, marking the inauguration of the first model based on its next-generation technology architecture, SEPA2.0.

Equipped with XNGP, XPENG's full-scenario ADAS solution, and XPower,... More

XPeng Inc. (XPEV) Launches G6 Ultra Smart Coupe SUV in China

XPeng Inc. ("XPENG" or the "Company," NYSE: XPEV and HKEX: 9868), a leading Chinese smart electric vehicle ("Smart EV") company, today announced the official launch of its G6 Ultra Smart Coupe SUV, the Company's inaugural model based on its next-generation technology architecture, SEPA2.0, in China. Customers will be able to experience the Company's next-generation Smart EV innovation at a price range between 209,900 RMB to 276,900 RMB, with initial deliveries to commence in July 2023 for customers in China.

Equipped with XNGP, XPENG's full-scenario ADAS solution, and XPower, XPENG's 800V powertrain system and 800V high-voltage SiC platform,... More

Active options: TSLA NVDA AAPL AMZN CCL AMD AMC MU SOFI

Active options: TSLA NVDA AAPL AMZN CCL AMD AMC MU SOFI

Tesla (TSLA) demand to recover as 'hackers' are finding new jobs in AI

Tesla (NASDAQ: TSLA) analyst Trip Chowdhry of Global Equities Research sees a demand recovery for the EV company starting in August 2023 and previously laid-off tech workers are finding new jobs due to the AI boom.

Chowdhry highlights that the demand for... 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