Tesla (TSLA) Model 3 tax credits likely reduced after Dec. 31

Tesla (TSLA) begins sale of Model Y in South Korea

Tesla (NASDSAQ: TSLA) opened sales for their Model Y rear wheel drive electric vehicle in South Korea Friday. A move that is expected to further accelerate the adoption of electric vehicles in the country.

As per the company's website, the listed price for the Model... More

Tesla (TSLA) Model Y registrations surging in U.S. says Kelly Blue Book

Kelly Blue Book, one of the most trusted automotive valuation and research companies, released the results of a study Wednesday showing that registrations for the Model Y, Teslas (NASDAQ: TSLA) least expensive SUV, grew by 103% between January and May. The Model Y currently starts at... More

Tesla (TSLA) in talks to build factory in India

According to reports buy the Times of India, Thursday, Tesla (NASDAQ: TSLA) is discussing an investment proposal with the Indian government to set up a factory with an annual capacity to produce about half a million electric vehicles.

According to the report, the vehicles will have a starting price of 2 million rupees... More

Elon Musk announces x.AI

Elon Musk took to Twitter earlier today to announce the formation of x.AI.

According to the post, the billionaire's latest venture is aiming to "understand reality," with the announcement likely marking the official launch of Musk's much speculated ambition to create OpenAI's ChatGPT rival.

The details... More

5 EU auto stocks to watch

The European automotive OEM sector has witnessed continuous improvement in recent years. However, markets are looking through higher returns and cash flows, and are pricing in a mean-reversion to pre-pandemic years. Bernstein acknowledges the significant advancements made by the sector during the pandemic but believes that such a negative outlook would require a global recession of significant scale in the coming year.

Analyst Daniel Roeska takes a more optimistic view, pointing out that pent-up demand could partially offset macroeconomic challenges and affordability concerns. This could result in a free cash flow upside of more than 25%, aiding OEMs in... More

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Active options: TSLA AAPL NVDA META AMZN AMD CVNA BABA MSFT

Lucid (LCID) sinks as deliveries fall short of expectations amid demand concerns

Shares of American luxury EV startup Lucid (NASDAQ: LCID) fell more than 10% in early trading Wednesday after the automaker revealed that the company had delivered 1,404 of its Air sedans to customers in the second quarter.

Lucids second-quarter deliveries compare with 1,406 deliveries in the first quarter of 2023 and 679 in the second quarter of 2022. Analysts... More

HSBC cuts European and U.S. EV penetration, raises China estimates

HSBC Research on Wednesday cut their 2024-30 European BEV forecasts for the fourth time in a row as they expect a slower adoption curve. The research company also cut their EV penetration forecasts in the US while raising forecasts in China.

Sales penetration of BEV in the EU big 5 countries reached 13% in 2Q23 and 12.4% in 1H23, a 180bps increase y/y. HSBC expects BEV penetration to pick up towards 17-18% in 2H23, similar to the... More

Audi in talks to acquire SAIC's EV platform

According to reports by Reuters Wednesday, citing people familiar with the matter, Germany's Audi is in talks with SAIC Motor Corpt to purchase an electric vehicle platform.

The decision highlights the intense competition in the world's largest auto market as legacy and Western brands grapple with the rising demand for EVs. With Audi's EV sales significantly lagging behind Tesla and domestic competitors... More

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Active options: TSLA AAPL NVDA AMZN AMD META MSFT LCID F

Tesla (TSLA) PT Raised to $278 at Citi

Citi analyst Itay Michaeli raised the price target on Tesla (NASDAQ: TSLA) to $278.00 (from $215.00) while maintaining a Neutral rating.... More

Texas Defers Decision On EV Charging Funds Amid Industry Pushback On Tesla Plugs - Reuters

Texas Defers Decision On EV Charging Funds Amid Industry Pushback On Tesla Plugs - Reuters

Tritium (DCFC) wins federally funded order to supply EV chargers in Hawaii

Shares of electric vehicle charging company, Tritium (NASDAQ: DCFC) jumped as much as 5.5% Tuesday after the Australian-based company announced it had won an order from Hawaii to make high-speed electric vehicle chargers, making it the first company to earn federal funds for such a... More

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Active options: TSLA AMZN SOFI RIVN AAPL NVDA NIO AMD PYPL

Mercedes-Benz doubles EV sales in 2Q

German luxury automaker, Mercedes-Benz released their second quarter sales results Tuesday, reporting a 6% rise in sales (to 515,700 vehicles) compared to the same time last year. According to Mercedes, Electric vehicles continued to be the main growth driver in the quarter, with passenger cars sales more than doubling (123%) to reach 56,300... More

Nasdaq 100 rebalance will benefit these 7 stocks - Wells Fargo

Wells Fargo analyst Christopher Harvey reflected on the upcoming Nasdaq 100 (NDX) Special Rebalance that is taking place on Friday, July 21.

A Special Rebalance is usually conducted to address overconcentration in the index by redistributing the weights. This particular move is focused on reducing concentration risk and reducing the dominance of the Big Seven, namely Microsoft (NASDAQ:... More

Nasdaq-100 Special Rebalance as the Pendulum Has Swung Too Far - Wells Fargo

Wells Fargo analyst Christopher Harvey on the announced Nasdaq-100 special rebalancing: "The upcoming NDX rebalance is reducing concentration risk but creating uber-cap selling pressure. With uber-caps overbought, near-term liquidity demands will likely weigh on the group. In 2011, down-sized names lagged by 2-3% between announcement and event. Our Index Strategists estimate... More

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Active options: TSLA AAPL RIVN AMZN META NVDA MSFT BABA NIO

GM cuts price of Cadillac Lyriq electric vehicle in China

Investing.com -- General Motors (NYSE: GM) has slashed the price in China of its Cadillac Lyriq luxury crossover model, in a sign of intensifying competition in the country's massive automotive market.

According to posts on GM's website in China cited... More

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Active options: TSLA AAPL AMZN RIVN META NVDA MSFT BABA AMD

Tesla (TSLA) gets ninth price target hike since June deliveries

Another day... another price target hike for Tesla (NASDAQ: TSLA). Since its June delivery report last weekend, nine Wall Street firms have raised their price target on the EV giant. Today it was Jefferies' analyst Philippe Houchois's turn.

The analyst lifted his price... More

Tesla, Ford, GM report hefty deliveries; shareholders vs. Rivian: This week in EVs

Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: EV delivery numbers from Tesla, Ford, and more; GM apprehensive on EPA's emissions crunch; and a lawsuit against Rivian.

Get EV news like this in real time with InvestingPro.

Several automotive companies issued their 2Q production and delivery numbers last week.

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Active options: TSLA RIVN NVDA AAPL BABA META AMZN AMD

Tesla (TSLA) PT Raised to $265 at Jefferies, 'Modest upgrades to our 2023 estimates'

(Updated - July 10, 2023 4:33 AM EDT)

Jefferies analyst Philippe Houchois raised the price target on Tesla (NASDAQ: TSLA) to $265.00 (from $185.00) while maintaining a Hold rating.

The analyst comments "We join a consensus view that Q2 will be a trough in auto gross margin.... More