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

Tesla (TSLA) sees 10K new China registrations in July’s 2nd week

Industry watchers estimate that Tesla (NASDAQ: TSLA) China saw 10,000 domestic sales during the week ending July 16.

Tesla China does not publicly disclose its weekly sales figures in the country. However, the overall trajectory of the company's domestic sales can be deduced by... More

NHTSA opens new investigation after fatal Tesla (TSLA) accident

The National Highway Traffic Safety Administration (NHTSA) revealed Tuesday that the U.S. regulator has opened a new special crash investigation into a fatal accident in California involving a 2018 Tesla Model 3 where the companys Full Self-Driving (FSD) advanced driver assistance system is suspected to have been in... More

Tesla (TSLA) to hold meeting with German citizens to discuss plant expansion

Tesla, Inc. (NASDAQ: TSLA) is scheduled to hold a question-and-answer session on Tuesday for citizens in Germanys state of Brandenburg. The purpose of the session is to address concerns and discuss the potential impact of the company's planned expansion of its electric vehicle (EV) and battery plant. If realized,... More

Morgan Stanley maintains Equal-Weight on Tesla (TSLA) as competitors face 'recalibration'

Morgan Stanley reiterated an Equal-weight rating on Tesla (NASDAQ: TSLA) with a 12-month price target of $250.00 as slowing sales and rising inventory create the possibility for a recalibration of legacy auto EV strategies.

U.S. EV sales appear to have settled near 7.5% of the market share, and penetration of... More

Barclays sees pressure on Enphase (ENPH) and SolarEdge (SEDG) as Tesla (TSLA) gains market share

Barclays reiterated an Equal Weight rating on Enphase Energy (NASDAQ: ENPH) and cut their 12-month price target on the stock to $221.00 (From $226.00), while reiterating an overweight rating on SolarEdge Technologies (NASDAQ: SEDG) with a price target of $359.00 (from $390.00) after California data shows Tesla (NASDAQ: TSLA) taking a larger market share in solar the energy market.

According to recent California datapoints researched by Barclays, Teslas solar and storage market share has seen a... More

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

BYD Proposes $1B India Plan To Build EVs, Batteries - Reuters

BYD Proposes $1B India Plan To Build EVs, Batteries - Reuters

Tesla (TSLA) July 277.50 straddle into quarter results

Tesla (NASDAQ: TSLA) July 277.50 straddle is priced for a move of 8% into the expected release of quarter results after the bell on July 19.

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Active options: TSLA AAPL NVDA META AMZN RIVN CVNA BABA

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Tesla begins sale of cheaper Model Y vehicle in South Korea

SEOUL (Reuters) - Tesla began selling its Model Y rear-wheel drive car on Friday in South Korea at a price of 56.99 million won ($45,139), the automaker' s website said, making the vehicles eligible for the maximum rate of government subsidies.

The car, which boasts a driving range of 350 kilometres (217.48... More

SpaceX Nears $150B Valuation After Secondary Share Sale - CNBC

SpaceX Nears $150B Valuation After Secondary Share Sale - CNBC

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

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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

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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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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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