Tesla (TSLA) in talks to build factory in India

Tesla (TSLA) files lawsuit against Cap-XX over EV battery technology

Tesla (NASDAQ: TSLA) filed a lawsuit against Cap-XX, an Australian company, in a federal court in Texas Friday. According to Tesla, Cap-XX's supercapacitors, which are utilized to store energy in electric-vehicle batteries, violate two U.S. patents owned by a Tesla... More

Tesla (TSLA) directors to pay $735M in overcompensation lawsuit

According to a recent filing in a Delaware court on Monday, Tesla (NASDAQ: TSLA) directors, including Oracle co-founder Larry Ellison, have agreed to return $735 million to the company in a settlement that aims to resolve allegations that they significantly overcompensated themselves, making it one of the most substantial shareholder settlements of its... More

Tesla (TSLA) estimates raised at Wells Fargo ahead of 2Q release

Wells Fargo reiterated an Equal Weight rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the stock to $256.00 (From $170.00) ahead of the electric vehicle makers 2Q earnings release and webcast.

Tesla is scheduled to report 2Q results on Wednesday, July 19th. According to Wells Fargo anticipates... More

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

Musk unveils new AI start-up in bid to rival ChatGPT

Investing.com -- Elon Musk has announced a new artificial intelligence (AI) start-up, as the billionaire aims to create a challenger to Microsoft-backed (NASDAQ: MSFT) OpenAI's ChatGPT that features a "safer" version of AI.

The company, xAI, will be led by Musk and include a team of engineers who previously worked at many of the major tech giants vying to develop... More

Tesla looking to make about half million EVs annually in India- report

BENGALURU (Reuters) -Tesla 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, the Times of India reported on Thursday, citing government sources.

The company, led by billionaire Elon Musk, is also looking at using India as an export base to ship cars to countries in the Indo-Pacific region, the report said.

The starting price for the... More

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

According to information posted on Tesla's (NASDAQ: TSLA) website on Tuesday evening, the federal tax credits of $7,500 for Tesla's Model 3 electric vehicles are expected to decrease after December 31.

The move comes as the U.S. government prepares to implement stricter regulations on batteries next year, with the aim of promoting domestic production of this essential... 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