North America and Europe lead surge in global EV demand

Volkswagen to launch autonomous vehicles in Texas by 2026

German auto maker, Volkswagen (VW) announced Thursday their plans to launch autonomous, or self-driving, vehicles for ride hailing and goods delivery services in Austin, Texas by 2026.

VW had previously made a costly investment into Ford's now Ford's now-defunct self-driving car unit, Argo. The company took nearly 100 people... More

Judge says Rivian (RIVN) must face lawsuit claiming it defrauded IPO investors

U.S. District Judge Josephine Staton in Los Angeles has decided that Rivian Automotive (NASDAQ: RIVN) must face a lawsuit claiming it defrauded shareholders during and after its blockbuster 2021 initial public offering. According to the lawsuit filed by lead plaintiff Sjunde AP-Fonden, on behalf of shareholders from Nov. 10, 2021 to March 10, 2022, Rivian underpriced its electric vehicles, leading to unpopular price hikes.

Judge Straton indicated that shareholders can attempt to demonstrate that Rivian, despite... More

Ford (F) releases 2Q sales report, remains a top-selling brand thanks to ICE pickup trucks

Ford Motor Company (NYSE: F) released their 2Q sales report Thursday, posting double-digit sales increases and maintaining their spot as a top-selling brand and top-selling truck manufacturer in the United States. Total Ford vehicle sales climbed 11.2% to 511,538 vehicles driven primarily by its internal combustion engine pickup trucks, according to the company's sales... More

U.S. regulators press Tesla (TSLA) for updated response in autopilot probe

The National Highway Traffic and Safety Administration (NHTSA) revealed Thursday that the U.S. automotive safety regulator is seeking an updated response and current data from Tesla (NASDAQ: TSLA) regarding an ongoing probe into 830,000 Tesla vehicles and the automaker's Full Self-Driving system (FSD).

The NHTSA sent a letter to Tesla a on July 3rd seeking updates to questions it had asked in August 2022. According to... More

BoA raises estimates on Tesla (TSLA) as volumes 'exceed expectations'

Bank of America reiterated a Neutral rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target for the stock to $300.00 (From $225.00) as auto suppliers see higher volumes and lower costs so far in 2023.

Analyst John Murphy wrote in a note, Since 2020, the industry, but specifically... More

Citi opens 90-day catalyst watch on BYD

Citi Research opened a 90-day positive catalyst watch on Chinese automaker, BYD as analyst Jeff Chung expects the company's 2Q23E NP to reach Rmb5-5.7bn showing a quarter-on-quarter (QoQ) growth of 25-30%.

Additionally, the estimated net profit per vehicle for the second quarter of 2023 is... More

Strong demand pushes GM towards impressive 2Q sales results

Shares of Detroit automaker General Motors (NYSE: GM) jumped as much as 1.11% in mid-day trading on Wednesday after the company reported delivery results for their 2Q of 2023.

According to the release, GM and its dealers delivered 691,978 vehicles in the U.S.,... More

Stelantis (STLA) unveils STLA Medium BEV platform

Stellantis (NYSE: STLA) revealed their latest innovation, the STLA Medium, a global BEV-by-design platform with state-of-the-art features including best-in-class range of 700 kilometers (435 miles), unparalleled energy efficiency, as well as advanced capabilities for embedded power and charging.

The With its remarkable versatility and extended range, the STLA Medium platform presents an ideal solution for accommodating a wide range of vehicles and propulsion setups... 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

Netflix, Rivian, Wolfspeed rise premarket; Tesla, UPS fall

Investing.com -- U.S. futures traded lower, with investors cautious ahead of the release of Federal Reserve meeting minutes from the June policy gathering.

Here are some of the biggest premarket... More

Needham raises estimates on Rivian (RIVN), adds EV maker to Conviction List

Needham reiterated a Buy rating on Rivian (NASDAQ: RIVN) and raised their 12-month price target for the stock to $28.00 (From $26.00) after the electric automaker reported their 2Q production and delivery results. Needham also decided to add RIVN to its Conviction List (replacing ACVA).

RIVN reported Q2 production of ~14k vehicles, representing an... More

Rivian (RIVN) extends gains as analysts turn more bullish

Rivian Automotive (NASDAQ: RIVN) shares are up a further 8% in early Wednesday trading on several positive headlines.

The company has started delivering the electric vans it makes for Amazon.com Inc. to Europe marking its first commercial shipments outside the U.S.

Shares initially rose 17.4% on Monday after... More

Rivian shares climb following first shipments of Amazon vans to Europe

Investing.com -- Shares in Rivian Automotive (NASDAQ: RIVN) jumped in premarket trading on Wednesday, boosted by news that... More

DA Davidson Upgrades Rivian Automotive Inc (RIVN) to Neutral, 'The Headlines Gradually Turn Positive'

DA Davidson analyst Michael Shilsky upgraded Rivian Automotive Inc (NASDAQ: RIVN) from Underperform to Neutral with a price target of $18.00 (from $11.00).

The analyst comments "We are upgrading RIVN to NEUTRAL (from UNDERPERFORM) as the cadence of headlines on the company begins to shift... More

Tesla cuts prices in Japan for Model 3 and Y

TOKYO (Reuters) - Tesla Inc cut prices in Japan of its Model 3 and Y electric vehicles by low single-digit percentages from the start of this month, it said on Tuesday.

The company slashed prices for all variants of its lower-priced Model 3 by about 3%, its website showed, while... More

Amazon (AMZN) Rolls Out First Electric Delivery Vans from Rivian (RIVN) in Europe

Amazon (NASDAQ: AMZN) today announced the arrival of its new custom electric delivery vans from Rivian (NASDAQ: RIVN) in Europe, with the first vans rolling out in Germany. More than 300 electric delivery vans are hitting the road in Munich, Berlin, and Dusseldorf in the coming weeks, joining a fleet of thousands of electric vans already in operation in Europe, including more than 1,000 electric vans in Germany. Amazon announced last year that it plans to invest more than 1 billion to electrify its European transportation network and reduce carbon emissions over... More

Rivian Automotive Inc (RIVN) PT Raised to $28 at Needham & Company, Adds to Conviction List

Needham & Company analyst Chris Pierce raised the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $28.00 (from $26.00) while maintaining a Buy rating.

The analyst comments "We reiterate our Buy rating, add RIVN to the Needham Conviction List (replacing ACVA), and raise our... More

Stocks expected to have increasing option volume: BABA JD ASHR KWEB NIO

Stocks expected to have increasing option volume: BABA JD ASHR KWEB NIO

NIO Inc. (NIO) call put ratio 3.1 calls to 1 put

NIO Inc. (NYSE: NIO) 30-day option implied volatility is at 64; compared to its 52-week range of 62 to 111 into Treasury Secretary Janet Yellen will travel to Beijing this week to meet with senior Chinese officials. Call put ratio 3.1 calls to 1 put.

Popular stocks increasing volume: RIVN COIN CCL XPEV NKLA AMC

Popular stocks increasing volume: RIVN COIN CCL XPEV NKLA AMC

Active options: MARA NIO JPM COIN CCL XPEV BAC RIOT MSFT META LCID GOOGL

Active options: MARA NIO JPM COIN CCL XPEV BAC RIOT MSFT META LCID GOOGL

Active options: TSLA AAPL RIVN NVDA AMZN NKLA AMC AMD

Active options: TSLA AAPL RIVN NVDA AMZN NKLA AMC AMD

Stellantis (STLA) Italy joins 'grEEn-campus' program

On Monday, Stellantis (NYSE: STLA) made an announcement stating that its Mirafiori facility in Turin, Italy, has chosen to participate in the 'grEEn-campus' initiative. This workplace transformation program is dedicated to enhancing automotive design, research and development, and central operations by embracing inventive, eco-friendly, and cooperative designs.

With each new grEEn-campus, we are rethinking our iconic... More

Popular stocks increasing volume: RIVN AZN AIG HLT MAT CCL

Popular stocks increasing volume: RIVN AZN AIG HLT MAT CCL

Active options: TSLA AAPL NVDA MSFT GOOGL AMD

Active options: TSLA AAPL NVDA MSFT GOOGL AMD

Rivian Automotive (RIVN) call put ratio 2.6 calls to 1 put as shares rally 11%

Rivian Automotive (NASDAQ: RIVN) 30-day option implied volatility is at 77; compared to its 52-week range of 64 to 101 after release of Q2 deliveries. Call put ratio 2.6 calls to 1 put as shares rally 11%.

Stellantis (STLA) to Invest in a New ‘grEEn-campus’ in Mirafiori, Italy

Stellantis to Invest in a New grEEn-campus in Mirafiori, Italy

Tesla (TSLA) option implied volatility flat as shares rally 7%

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 57; compared to its 52-week range of 44 to 96 as shares rally 7%.

U.S. stocks are muted; Nasdaq rises on Tesla's deliveries beat

Investing.com -- U.S. stocks are mixed on a shortened day of trading in New York after Tesla reported record deliveries.

At 09:36 ET (13:36 GMT), the Dow Jones Industrial Average was down 83 points or 0.2%, while the S&P 500 was down 0.1% and the NASDAQ Composite was up 0.2%.

Tesla, Inc. (NASDAQ: TSLA) shares jumped 8.3% after the electric vehicle... More

Rivian (RIVN) jumps 14% after smashing 2Q delivery estimates

Shares of California-based electric automaker, Rivian (RIVN) surged almost 14% in early trading Monday after the EV start-up overcame Wall Street expectations to deliver 12,640 vehicles in the second quarter. A 59% increase over last years delivery results.

It produced 13,992 vehicles at its manufacturing facility in Normal, Illinois during the same... More

Chinese EV start-ups surge following June delivery numbers

Shares of Chinese electric vehicle makers Nio (NYSE: NIO), Li Auto (NASDAQ: LI) and XPeng (NYSE: XPEV) are surging pre-market after the three announced June delivery numbers.

NIO is up 4.2% in pre-market trading Monday after the Chinese automaker announced over the weekend that they delivered 10,707 last month, a 17.4% drop from the same time last year, but a significant 74% increase from numbers reported... More

Rivian (RIVN) rallies after topping Q2 deliveries expectations

Rivian Automotive (NASDAQ: RIVN) shares are moving higher in pre-market Monday after the company said it produced 13,992 electric vehicles (EVs) in the quarter ending June 30.

The EV company also said it delivered 12,640 units. Analysts were looking for production numbers of 12,562 and deliveries of... More

Rivian Automotive (RIVN) Produces 13,992 EVs in Q2, Delivered 12,640

Rivian Automotive, Inc. (NASDAQ: RIVN) today announced production totals for the quarter ending June 30, 2023. The company produced 13,992 vehicles at its manufacturing facility in Normal, Illinois and delivered 12,640 vehicles during the same period.

These figures remain in line with the companys... 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