Tesla (TSLA) in 'early discussions with a major OEM' to license full self-driving software

Tesla (TSLA) offers 7-year vehicle loans to cut monthly payments

Tesla (NASDAQ: TSLA) opened new financing options on their website and is now offering EV customers 84-month term limits in an attempt to lower monthly costs amidst rising interest rates and market pressure. The previous maximum term offered was 72-months.

The change follows Elon Musk's... More

Tesla (TSLA) to resume factory talks and plans for $24k car with India commerce minister

Reuters reports Monday, citing a person with direct knowledge of the matter, that Tesla (NASDAQ: TSLA) representatives are set to meet Indias commerce minister this month.

According to the person, the meeting will take place to discuss plans for the automaker to build a factory in the country to build, what the company... More

Tesla (TSLA) stock dips as UBS cuts rating to Neutral on rich valuation

UBS analyst Patrick Hummel downgraded Tesla (NASDAQ: TSLA) shares to Neutral from Buy with the price target of $270 per share (up from the prior $220).

Tesla shares are down 1.7% in pre-market Monday.

The analyst sees Tesla shares as fully priced at these levels,... More

Tesla (TSLA) begins sales of EVs in Malaysia

Tesla (NASDAQ: TSLA) officially launch sales of their electric vehicles in Malaysia this week, marking another milestone in the automaker's ongoing efforts to broaden its global presence.

Over the years, the EV giant has dedicated itself to expanding its sales to new markets,... More

Tesla (TSLA) recalls 15K Model S and X EVs for seatbelt issues

Over 15,000 Model S sedans and Model X SUVs from the 2021 through 2023 model years are being recalled by Tesla (NASDAQ: TSLA) due to a potential issue with their front seat belts, which may lead to detachment. This poses a significant safety concern as occupants could be exposed to an increased risk of injury in the event of a crash.

The National Highway Traffic Safety... More

Active options: TSLA AAPL NVDA AMD AMZN NFLX MSFT CVNA RIVN

Active options: TSLA AAPL NVDA AMD AMZN NFLX MSFT CVNA RIVN

U.S. stocks are mixed after Tesla, Netflix earnings

Investing.com -- U.S. stocks were mixed on Thursday after earnings reports from Netflix and Tesla.

At 9:42 ET (13:42 GMT), the Dow Jones Industrial Average rose 149 points or 0.4%, while the S&P 500 was down less than 0.1% and the NASDAQ Composite was down 0.4%.

Tesla Inc (NASDAQ: TSLA) shares fell more than 4% after it beat quarterly profit expectations but said its... More

Musk talks price cuts, FSD and robotaxis on Tesla (TSLA) earnings call

Tesla (NASDAQ: TSLA) held its Q2 earnings call after market closed Wednesday. According to the release, the electric vehicle makers profits grew 20% in the quarter to $0.91 per share, coming in ahead of the streets estimate of $0.79. Revenue for the quarter increased 47% to $24.93 billion, versus the consensus estimate of $24.29 billion.

Tesla CEO Elon Musk joined the call to announce the companys record vehicle production and deliveries and record revenue during Q2. These results come after the companys Model Y became the best-selling vehicle of any kind globally in Q1,... More

5 Wall Street analysts debate Tesla's (TSLA) Q2 earnings

Tesla (NASDAQ: TSLA) shares traded more than 4% lower in the aftermath of the companys second-quarter earnings report that was released yesterday.

Tesla said it generated revenue of $24.93 billion, up from the $23.33 reported for Q1. The company earned 91 cents per share, ahead of the expected 82 cents.

Speaking on the companys earnings call, CEO Elon Musk said We continue to target 1.8 million vehicle deliveries this year, but expect Q3 production will be a little bit down because weve got summer shutdowns for a lot of factory upgrades.

Investor and analyst... More

JPMorgan Stays Underweight on Tesla (TSLA), PT $120, 'lowering our earnings estimates for Tesla shares today and suspect the Street will as well'

JPMorgan analyst Ryan Brinkman reiterated an Underweight rating and $120.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "We are lowering our earnings estimates for Tesla shares todayand suspect the Street will as wellafter the companys fourth straight operating profit miss vs. Bloomberg consensus, brought about again by the continued trading of profits for sales. Automotive adjusted gross margin excluding the sale of regulatory credits remains at the front and center of investor attention after this key performance metric shocked investors last quarter by plummeting -1,100 bps y/y from a then... More

Tesla (TSLA) to expand German EV plant near Berlin, aims for Europe’s largest vehicle factory

Tesla (NASDAQ: TSLA) aims to boost the production capacity of its assembly plant located outside Berlin to an impressive one million electric vehicles annually. This strategic move positions the company to become the largest car plant in Europe, coinciding with a period in which German automakers are facing challenges in keeping up with the transition to electric vehicles.

On Wednesday, thousands of pages of Tesla's expansion plans were made public, and if these plans receive approval from local officials, the production output of the plant will surpass that of Volkswagen's... More

Netflix, Tesla, IBM fall premarket; Johnson&Johnson, DR Horton rise

Investing.com -- U.S. futures traded in a mixed fashion Thursday, as investors digested a deluge of corporate earnings, with the tech sector in particular focus.

Here are some of the biggest premarket U.S. stock movers today:

Netflix (NASDAQ: NFLX) stock fell 6.4% after the streaming giants quarterly revenue and forecast fell short of estimates, even after it reported nearly 6 million subscriber... More

Tesla (TSLA) PT Raised to $254 at Truist Securities

Truist Securities analyst William Stein raised the price target on Tesla (NASDAQ: TSLA) to $254.00 (from $240.00) while maintaining a Hold rating.... More

Tesla (TSLA) PT Raised to $330 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh raised the price target on Tesla (NASDAQ: TSLA) to $330.00 (from $300.00) while maintaining a Buy rating.... More

Tesla (TSLA) PT Raised to $300 at Deutsche Bank, 'we remain bullish'

(Updated - July 20, 2023 6:21 AM EDT)

Deutsche Bank analyst Emmanuel Rosner raised the price target on Tesla (NASDAQ: TSLA) to $300.00 (from $270.00) while maintaining a Buy rating.

The analyst comments "...we remain bullish on the opportunity presented with the introduction... More

Tesla, Netflix earnings; Apple reportedly tests AI tools - what's moving markets

Investing.com -- Tesla (NASDAQ: TSLA) and Netflix (NASDAQ: NFLX) shares fall, weighing on the Nasdaq, following the latest earnings from the big-name tech brands. Meanwhile, the parade of quarterly results in the U.S. marches on, and Apple (NASDAQ: AAPL) reportedly becomes the latest contender in the race to develop generative artificial intelligence (AI) technology.

1. Tesla margins fall; Netflix revenue disappoints

Shares in Tesla and Netflix both dropped in premarket trading as investors digested mixed second-quarter results from... More

Tesla, Netflix earnings; Apple reportedly tests AI tools - what's moving markets

Investing.com -- Tesla (NASDAQ: TSLA) and Netflix (NASDAQ: NFLX) shares fall, weighing on the Nasdaq, following the latest earnings from the big-name tech brands. Meanwhile, the parade of quarterly results in the U.S. marches on, and Apple (NASDAQ: AAPL) reportedly becomes the latest contender in the race to develop generative artificial intelligence (AI) technology.

1. Tesla margins fall; Netflix revenue disappoints

Shares in Tesla and Netflix both dropped in premarket trading as investors digested mixed... More

Marketmind: Tesla, Netflix underwhelm

A look at the day ahead in U.S. and global markets from Mike Dolan

An overdue cold shower?

July 20 (Reuters) - The first of the supercharged Big Tech firms to report in this earnings season - Tesla and Netflix - seemed to underwhelm markets overnight, cutting across the enthusiastic reception for big banks and knocking back bulled-up Wall St from 2023 highs.

The price bar for the mega-cap indices that have near doubled this year may be sky high and a perhaps some rotation is overdue.

But an impressive run for the S&P500... More

Musk Says xAI Will Enhance The Value Of Tesla

Musk Says xAI Will Enhance The Value Of Tesla

European stocks mixed; corporate earnings in focus

Investing.com - European stock markets traded in a mixed fashion Thursday, as investors digested more corporate earnings with the tech sector particularly fragile following weak cues from Wall Street.

At 03:40 ET (07:40 GMT), the DAX index in Germany traded 0.1% lower, while the FTSE 100 in the U.K. gained 0.5% and the CAC 40 in France rose 0.1%.

The quarterly earnings season is starting to ramp up in Europe.

Nokia (HE:... More

Tesla investors balk at margin loss as Musk touts self-driving future

By Akash Sriram and Aditya Soni

(Reuters) -Elon Musk's bet to sacrifice margins now for improved margins later when full self-driving software is completely integrated into Tesla cars failed to impress investors, sending the electric-vehicle maker's shares down nearly 10% on Thursday.

Musk, who has waged a price war against EV rivals since last year, signaled price cuts were here to stay even as Tesla's quarterly automotive gross margins slid.

The fall in share price wiped nearly $90 billion from Tesla's market value, and along with a fall in Netflix's stock, dragged down the tech-heavy Nasdaq. Tesla shares... More

Active options: TSLA AAPL MSFT NVDA AMZN AMD GOOGL

Active options: TSLA AAPL MSFT NVDA AMZN AMD GOOGL

Tesla wants to double the size of its European assembly plant- NYT

(Reuters) - Tesla Inc wants to double the production capacity of its assembly plant outside Berlin to one million electric vehicles a year, in a move that would make it Europe's largest car factory, the New York Times reported on Thursday.

(Reporting by Juby Babu in Bengaluru;... More

Tesla's Elon Musk optimistic on progress for self-driving, robots

By Abhirup Roy

SAN FRANCISCO (Reuters) - Tesla Chief Executive Elon Musk on Wednesday set new targets for artificial intelligence products including self-driving software and using humanoid robots in factories, though he acknowledged he's been optimistic before.

The electric vehicle maker is in early talks with a major automaker to license its full self-driving technology, Musk added.

The value of Tesla vehicles would rise in perhaps "the single biggest step change in history" once regulators approved self-driving, he said at an earnings briefing.... More

Tesla (TSLA) said it will increase AI spending

On its earnings call, Tesla (NASDAQ: TSLA) said it will increase AI spending

Tesla (TSLA) CEO Musk said open to licensing full-sell driving software and in early discussion with major OEM

Tesla (NASDAQ: TSLA) CEO Musk said open to licensing full-sell driving software and in early discussion with major OEM

Tesla (TSLA) PT Raised to $325 at CFRA Following EPS

CFRA analyst Garrett Nelson raised the price target on Tesla (NASDAQ: TSLA) to $325.00 (from $310.00) while maintaining a Buy rating following the results.

The analyst commented, "We raise our 12-month target by $15 to $325 on a '25 P/E of 45x, justified by growth... More

Tesla falls 3% after earnings, Q2 seen as a 'low quality' beat

(Updated - July 20, 2023 6:13 AM EDT)

Investing.com -- Tesla reported second-quarter results that beat on both the top and bottom line as the electric vehicle maker's margins were less bad than feared despite recent price cuts.

Still, Tesla Inc (NASDAQ: TSLA) shares were down nearly 3% in pre-market Thursday following the report.

Tesla reported EPS of $0.91 on revenue of $24.93 billion. Analysts polled by Investing.com anticipated EPS of $0.79 cents on revenue of $24.29B.

Gross margins excluding credits, which have been closely watched following recent price cuts, fell 6.82% to 18.2% in Q2... More

Tesla (TSLA) Tops Q2 EPS by 12c; operating margin falls below 10%

(Updated - July 19, 2023 4:07 PM EDT)

Tesla (NASDAQ: TSLA) reported Q2 EPS of $0.91, $0.12 better than the analyst estimate of $0.79. Revenue for the quarter came in at $24.93 billion versus the consensus estimate of $24.29 billion.

"Q2-2023 was a record quarter on many levels with our best-ever production and deliveries and revenue approaching $25B in a... More

S&P 500 climbs as earnings season heats up ahead of Netflix, Tesla earnings

Investing.com -- The S&P 500 climbed Wednesday as investors continue to digest the latest quarterly results as the earnings season continued to heat up, with Netflix (NASDAQ: NFLX) and Tesla (NASDAQ: TSLA) set to report after the closing bell.

The S&P 500 rose 0.3%, the Dow Jones Industrial Average rose 0.4%, or 145 points, and the Nasdaq was up 0.1%.

US government agencies target purchasing 9,500 EVs in 2023

By David Shepardson

WASHINGTON (Reuters) -U.S. government agencies are targeting buying 9,500 electric vehicles in the 2023 budget year, but face supply issues and higher costs, a federal report said on Wednesday.

That's almost three times the number acquired in the prior budget year.

The Government Accountability Office said 26 agencies with approved EV acquisition plans estimated they would need over $470 million for vehicle purchases and almost $300 million in estimated costs to design and install the necessary... More

US House Panel Looks To Revive Stalled Self-driving Legislation- Reuters

U.s. House Panel Looks To Revive Stalled Self-driving Legislation -sources - Reuters

Sales of EVs in India to reach 376k units by 2030, says P&S Intelligence

Market research company, P&S Intelligence released a report Wednesday predicting the sales volume of Electric vehicles in India to be on track to hit 376,000 units by 2030, rising from 37,792 units in 2022 at a 33.3% CAGR.

The rise is mainly attributed to the expanding construction of manufacturing facilities, a boost in foreign direct investment, and a robust effort to enhance the charging infrastructure.

Uttar... More

Tesla to hand over Musk's emails to JPMorgan in lawsuit over 2018 tweet

By Luc Cohen

NEW YORK (Reuters) - JPMorgan Chase will get to review some of Elon Musk's emails as it pursues a lawsuit against Tesla over a bond contract dispute that arose after Musk tweeted he might take his electric car company private.

In a Wednesday hearing in Manhattan federal court, U.S. Magistrate Judge Ona Wang gave Tesla four weeks to turn over emails from Musk's account at his rocket manufacturing company SpaceX, to allow JPMorgan enough time to... More

VW CEO Says Germany Too Pricey For Battery Plants - Stuttgarter

VW CEO Says Germany Too Pricey For Battery Plants - Stuttgarter

Active options: TSLA AAPL AMZN NVDA AMD GOOG NFLX

Active options: TSLA AAPL AMZN NVDA AMD GOOG NFLX

Tesla (TSLA) July option implied volatility into quarter results

Tesla (NASDAQ: TSLA) July call option implied volatility is at 117, August is at 58; compared to its 52-week range of 44 to 96 into the expected release of quarter results today after the bell.

India Govt May Reduce GST On Retrofitted EVs From 18% To 5% - Reuters

India Govt May Reduce GST On Retrofitted EVs From 18% To 5% - Reuters

Nissan to adopt Tesla (TSLA) charging standard in U.S. and Canada

Nissan revealed Wednesday that they have agreed to adopt Teslas (NASDAQ: TSLA) North American Charging Standard (NACS) technology in the U.S. and Canada, joining global peers such as Ford (NYSE: F), General Motors (NYSE:... More

Tesla (TSLA) lays out plans to expand German factory into Europe's largest car plant

One day after Tesla (NASDAQ: TSLA) held a question-and-answer session with local citizens in Germany, the local environment ministry and water authority published application documents submitted by the electric automaker describing a long list of modifications planned for the plant.

The sweeping changes are a key next... More

Goldman Sachs to report, Tesla and Netflix on tap - what's moving markets

Investing.com -- Goldman Sachs is on deck to release quarterly earnings that, some analysts fear, could be among the worst in the banking giant's history. Electric carmaker Tesla and streaming group Netflix will also deliver results after the bell. Elsewhere, Microsoft announces the price of its new generative artificial intelligence service in its productivity software.

1. Goldman Sachs to round out bank earnings

Goldman Sachs (NYSE: GS) is set to unveil its latest returns on Wednesday, with some investors bracing for the Wall Street powerhouse to potentially report... More

Europe June Car Sales Rise 18.7% To 1.27 Million Vehicles - Bloomberg

Europe June Car Sales Rise 18.7% To 1.27 Million Vehicles - Bloomberg

Tesla (TSLA) July 295 straddle into quarter results

Tesla (NASDAQ: TSLA) July 295 straddle is priced for a move of 7.5% into the expected release of quarter results today after the bell.

European stocks gain after U.K. CPI grows more slowly than expected

Investing.com - European stock markets traded higher Wednesday after cooler-than-expected U.K. inflation, while investors await more earnings from major U.S. companies.

At 03:30 ET (07:30 GMT), the DAX index in Germany traded 0.3% higher, the FTSE 100 in the U.K. gained 1.3% and the CAC 40 in France rose 0.4%.

The latest consumer prices out of the U.K. showed inflation cooling more than expected, with annual CPI coming in at 7.9% in June, a fall from 8.7% the prior month and... More

Tesla plans sweeping expansion to Berlin plant, cell production

By Victoria Waldersee

BERLIN (Reuters) - Tesla is planning sweeping changes to its factory near Berlin, including extensions to its battery cell production, indicating ramp-up plans remain underway despite a recent shift in focus to scaling up in the United States.

A day after Tesla sought to assuage local concerns with a question-and-answer session on the expansion, application documents published by the local environment ministry and water authority on Wednesday showed a long list of modifications Tesla plans to make at the EV and battery plant.

The documents said Tesla will produce lithium-ion cells for... More

Stock market today: Dow extends gains as banks shine, Microsoft hits record high

Investing.com -- The S&P 500 delivered swashbuckling gains Tuesday as investors cheered better-than-expected quarterly results from a slew of major corporations including Wall Street banks and a record high in Microsoft amid AI-optimism.

The Dow Jones Industrial Average rose 1.1%, or 366 points, the Nasdaq was up 0.8%, and the S&P 500 rose 0.7% to end the day at 52-week highs.

Bank of America Corp (NYSE: BAC) led the move higher in banking stocks, rising more than 4% after reporting second-quarter earnings that topped... More

Goldman Sachs, Netflix reports, Tesla earnings: 3 things to watch

Investing.com -- Stocks drove higher on Tuesday after mostly positive earnings reports from big banks.

As earnings continue to pour out this week from S&P 500 companies, investors will get to hear from executives about business and consumer spending trends. Retail sales numbers for June showed spending still rising but at a lower-than-expected pace.

The Federal Reserve is getting... More

S&P 500 rides rally in banks higher

Investing.com -- The S&P 500 jumped Tuesday as investors cheered better-than-expected quarterly results from a slew of major corporations including Wall Street banks.

The S&P 500 rose 0.8%, the Dow Jones Industrial Average rose 1%, or 359 points, and the Nasdaq was up 0.9%.

Bank of America Corp (NYSE: BAC) led the move higher in banking stocks, rising more than 4% after reporting second-quarter earnings that topped analyst estimates as higher interest rates boosted loan income.

Tesla (TSLA) calls more active than puts into quarter results and outlook

Tesla (NASDAQ: TSLA) July call option implied volatility is at 110, August is at 60; compared to its 52-week range of 44 to 96 into the expected release of quarter results after the bell on July 19. Call put ratio 2 calls to 1 put.

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

Tesla needs to prove it's more than just a car company for stock to keep moving higher - Morgan Stanley

Morgan Stanley analyst Adam Jonas has reiterated an Equal Weight rating and a $250 per share price target on Tesla (NASDAQ: TSLA) stock today as the electric vehicle (EV) company prepares to report on its second-quarter performance.

Jonas is relatively cautious on the earnings revision outlook while prepared for the company to tout its AI chops. He recently downgraded this EV stock following a strong year-to-date (YTD) rally... 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) appears to be taking solar share in California - Barclays

Barclays analyst Christine Cho: "We think the value proposition for a TSLA system is more enticing in a solar + storage market (vs. a solar-only
market), and initial datapoints from CA data indicate that TSLA has taken share, primarily in Tiers 1 and 2. It started in April and the momentum has accelerated into May. It appears that SEDG... More

Cathie Wood's ARK writes down Twitter stake, wants to buy more stock but 'no one wants to let any go'

Cathie Woods ARK Investment Management has written down its stake in Elon Musks social media business Twitter by 47%, according to the Wall Street Journal.

The billionaire and Tesla (NASDAQ: TSLA) CEO took Twitter private last year and Wood was one of the backers... More

Morgan Stanley on Tesla (TSLA): We see them eating a larger slice of the EV pie

Morgan Stanley analyst Adam Jonas reiterated an Equalweight rating and $250.00 price target on Tesla (NASDAQ: TSLA).

"Slowing sales and rising inventory may be force a recalibration of legacy auto EV strategies even sooner than we expected. We see Tesla eating a... More

Tesla faces citizen grilling on impact of German plant expansion

By Victoria Waldersee, Nette Noestlinger and Leon Malherbe

GRUENHEIDE, Germany (Reuters) -Tesla on Tuesday sought to assuage Brandenburg state residents' concerns by holding a question-and-answer session on the EV maker's planned expansion that would make its local plant the biggest car factory in the country.

Tesla, which currently produces around 5,000 cars a week, hopes to double the plant's production capacity to 1 million vehicles a year and add 50 gigawatt hours of battery production capacity, though it has not provided a timeline.

Ramping up output at its first European production hub is crucial to Tesla's goal of vanquishing market... More

Tesla (TSLA) July 290 straddle into quarter results and outlook

Tesla (NASDAQ: TSLA) July 290 straddle is priced for a move of 8% into the expected release of quarter results after the bell on July 19.

Stocks expected to have increasing option volume: TSLA JBHT NFLX NVS LMT PLD

Stocks expected to have increasing option volume: TSLA JBHT NFLX NVS LMT PLD