UK parliament opens probe into EV transition

BYD calls for Chinese automotive unity, 'demolish the old legends'

China's top-selling automobile manufacturer, BYD, has ignited a surge of online attention after the automaker signaled for unity, calling for the industry to band together and demolish the old legends.

During a recent event commemorating a production milestone, BYD shifted the focus to a grander objective: to spotlight China's ascent as a powerhouse in the global automotive manufacturing arena.

"I believe the time has come for Chinese brands," said founder Wang Chuanfu. "It's an emotional need for the 1.4 billion Chinese people to see a Chinese brand becoming global."

China's carmakers are caught in a fierce price... More

Illinois EPA announces funding dates for next round of EV rebates

The Illinois Environmental Protection Agency (EPA) announced Thursday that the upcoming funding phase for the Electric Vehicle (EV) Rebate Program in Illinois will begin on Wednesday, November 1, 2023, and conclude on Wednesday, January 31, 2024.

Those who buy a new or used all-electric vehicle from a licensed dealer in Illinois, fulfill all... More

Tesla (TSLA) selects Volex as licensed partner to build NACS

Volex, a specialist in critical power and data transmission, has been selected as an official licensed partner by Tesla for the North American Charging Standard Charging system. Surprisingly, the company said that they are already prepared to provide the NACS connector to car manufacturers.

Volex's press release regarding the Tesla NACS coupler confirms that the... More

Li Auto (LI) looks to surpass rivals in China by 2024

Li Auto (NASDAQ: LI) announced Tuesday evening its intention to surpass the sales of BMW, Mercedes-Benz, and Audi in China by 2024. This ambitious goal comes as the emerging Chinese automaker accelerates the introduction of new vehicle models and ramps its manufacturing efforts.

"We would strive to become the no.1 premium car brand in China in 2024 in terms of... More

Active options: TSLA AAPL PLTR NVDA AMZN AMC AMD NKLA

Active options: TSLA AAPL PLTR NVDA AMZN AMC AMD NKLA

Bernstein speculates on the reasons why Tesla's CFO resigned: 'Not enough upside', 'too much Elon'?

Tesla (NASDAQ: TSLA) announced yesterday that its CFO Zachary Kirkhorn has stepped down. He will be replaced by Vaibhav Taneja, who will also retain his role as head of accounting.

"I would like to thank Zach Kirkhorn for his many contributions to Tesla over the course of 13 often difficult... More

Eli Lilly, Chegg, AMC Entertainment rise premarket; UPS, Tesla fall

Investing.com -- U.S. futures retreated Tuesday, with corporate results to the fore as the quarterly earnings season draws to a close.

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

United Parcel... More

Alarm.com's (ALRM) and Tesla (TSLA) to Support the Northeast's Largest Battery Virtual Power Plant

Tesla, Inc. (NASDAQ: TSLA) and EnergyHub (an independent subsidiary of Alarm.com (NASDAQ: ALRM)), the industry's most experienced provider of distributed energy management systems (DERMS), have collaborated to enable ConnectedSolutions program enrollment via the Tesla app. The new in-app experience makes joining utility programs frictionless for electricity customers in Massachusetts, Connecticut, and... More

Eli Lilly, UPS ahead, SoftBank's surprise loss - what's moving markets

Investing.com -- U.S. stock futures point lower ahead of a raft of new corporate earnings that include results from Eli Lilly and UPS. Elsewhere, SoftBank slips to a surprise quarterly loss, although its flagship Vision Fund is boosted by a rebound in tech valuations, while Tesla shares fall after the electric car maker unexpectedly announces the departure of its finance chief.

1. Futures edge lower

U.S. stock futures edged lower Tuesday, suggesting a pullback from gains made in the prior session, as investors awaited the release of a fresh batch of corporate... More

BofA Securities on Tesla (TSLA) and China deliveries

BofA Securities analyst John Murphy reiterated a Neutral rating and $300.00 price target on Tesla (NASDAQ: TSLA).

"Recent data reported by the China Passenger Car Association (PCA) showed a sizable MoM decline in deliveries of Teslas (TSLA) Model 3 and Model Y vehicles in China. In... More

Bernstein on Tesla's (TSLA) CFO resignation

Bernstein analyst Toni Sacconaghi reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA).

"To me, this doesnt sound like investors need to run for the hills, but clearly Kirkhorn made a personal decision that sticking around wasnt worth it... More

China July Retail Passenger Vehicle Sales Fall 2.3% Y/y - PCA

China July Retail Passenger Vehicle Sales Fall 2.3% Y/y - PCA

Active options: TSLA AAPL PLTR AMZN NVDA AMC AMD PYPL NKLA

Active options: TSLA AAPL PLTR AMZN NVDA AMC AMD PYPL NKLA

Tesla (TSLA) option implied volatility flat, after CFO steps down

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 46; compared to its 52-week range of 42 to 96 after CFO steps down.

Tesla (TSLA) appoints Vaibhav Taneja as new CFO

Electric vehicle giant Tesla (NASDAQ: TSLA) said in a filing Monday that it has appointed Vaibhav Taneja as its new Chief Financial Officer.

Taneja, who has served as Teslas Chief Accounting Officer since 2019, will take on the position in addition to... More

Active options: TSLA AAPL PLTR AMZN NVDA AMD AMC NKLA PYPL NIO

Active options: TSLA AAPL PLTR AMZN NVDA AMD AMC NKLA PYPL NIO

Tesla (TSLA) names Vaibhav Taneja CFO, succeeding Zachary Kirkhorn who stepped down

Tesla (NASDAQ: TSLA) said as of of August 4, 2023 it appointed Vaibhav Taneja as Chief Financial Officer in addition to his current role as Chief Accounting Officer, to succeed Zachary Kirkhorn. Mr. Kirkhorn stepped down as of August 4, after a thirteen-year tenure with... More

Lucid (LCID) slashes prices of Air Sedan as competition heats up

American luxury electric automaker, Lucid Motors (NASDAQ: LCID) announced over the weekend, significant price reductions of their Air luxury sedans by as much as $12,400. The cuts come in response to the increasing competition within the U.S. electric vehicle (EV) industry, triggered by a price war initiated by Tesla (NASDAQ: TSLA).

Specifically, Lucid Motors reduced the price of the Air Pure variant by... More