Illinois EPA announces funding dates for next round of EV rebates

Biden calls on automakers and union to come together on 'a fair agreement'

With just a month remaining until the expiration of contracts, Detroits Big Three and the United Auto Workers (UAW) union are still at odds, struggling to reach a mutual understanding. On Monday, U.S. President Joe Biden urged both the automotive union and the corporations they are associated with to come together on an agreement soon.

"Im asking all sides to work together to forge a fair agreement," Biden... More

Ford (F) hires former Apple (AAPL) exec to lead new business unit

Ford Motor (NYSE: F) announced Monday the appointment of former Apple executive, Peter Stern to head a recently established division dedicated to developing consumer software and the advancement of hands-free highway driving technology.

Stern, who most recently served as vice president of services at Apple, overseeing Apple TV+, iCloud and Apple News+, will... More

China EVs drop as Tesla (TSLA) continues price war

Shares of Chinese electric automakers, XPeng (NYSE: XPEV), Li Auto (NASDAQ: LI) and Nio (NYSE: NIO) are down in early trading Monday morning after American competitor, Tesla (NASDAQ: TSLA) announced additional price cuts to their Model Y vehicles.

Tesla announced Monday, a reduction in prices for... More

Indonesia says Tesla (TSLA) will invest in new battery facility

Following years of active courting, Indonesia revealed Monday that electric carmaker, Tesla (NASDAQ: TSLA) will invest in the manufacturing of battery materials in the country.

Senior Minister Luhut Pandjaitan revealed through a post on Instagram, that he headed an Indonesian delegation that engaged in discussions with... More

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

Stellantis (STLA) calls for 'focus on reality' in UAW talks

Chrysler's parent company, Stellantis (NYSE: STLA), firmly rejected the demands presented by the United Auto Workers (UAW) union on Friday, emphasizing the necessity for "a focus on reality from everyone involved" during negotiations.

Stellantis NA COO, Mark Stewart, conveyed in a letter to the workforce that the automaker remains "committed to working with the UAW to reach an... More

Shares of Ford (F) and GM (GM) strained as UAW strike becomes more likely

Although theres not a lot of details surrounding the ongoing UAW negotiations, Citi believes the recent ups and downs in GM (NYSE: GM) and Ford's (NYSE: F) stock prices might be aggravated by worries that there could be a strike. The chance of a strike happening seems to be getting higher, but the stock market sees it as something uncertain. Looking at how negotiations went before, Citi doesnt believe the news right now is good enough... 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

US Government Investigating Fatal Tesla (TSLA) Model Y Accident - Bloomberg

US Government Investigating Fatal Tesla (NASDAQ: TSLA) Model Y Accident - Bloomberg

Tesla (TSLA) option IV near low end of range

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 43; compared to its 52-week range of 42 to 96.

Active options: TSLA NVDA DIS BABA AAPL AMD AMZN PLTR

Active options: TSLA NVDA DIS BABA AAPL AMD AMZN PLTR

Ford (F) pushes Explorer EV launch date in Cologne

Detroit automaker, Ford Motor (NYSE: F) told workers Thursday morning that the company will be postponing the market launch of its Cologne-built electric Explorer SUV. The launch was previously planned for early 2024, but, according to a report by Cologne-based newspaper Kölnische Rundschau, has been pushed back due to new worldwide drive train safety rules.

The report doesn't clarify the exact nature of the "global... More

Stellantis NV (STLA:IM) (STLA) PT Raised to EUR24 at HSBC

HSBC analyst Michael Tyndall raised the price target on Stellantis NV (STLA:IM) (NYSE: STLA) to EUR24.00 (from EUR21.00) while maintaining a Buy rating.... More

General Motors (GM) 30-day option implied volatility near low end of range

General Motors (NYSE: GM) 30-day option implied volatility is at 29; compared to its 52-week range of 27 to 60 into their current union contracts end in September.

Ford Motor (F) option implied volatility low into their current union contracts end in September.

Ford Motor (NYSE: F) 30-day option implied volatility is at 28; compared to its 52-week range of 27 to 588 into their current union contracts end in September.

Stellantis (STLA) call put ratio 4.4 calls to 1 put

Stellantis (NYSE: STLA) 30-day option implied volatility is at 26; compared to its 52-week range of 23 to 423 into their current union contracts end in September. Call put ratio 4.4 calls to 1 put.

Lucid (LCID) releases full specs of its Air Sapphire halo EV

Lucid Motors (NASDAQ: LCID) unveiled the final specifications for their Air Sapphire halo in a press release posted on their website Tuesday.

The companys $249,000 Lucid Air Sapphire could be considered the worlds first fully electric luxury super-sports sedan. Boasting some serious performance with a 0-60mph time of 1.89 seconds. Beating out Teslas (NASDAQ: TSLA) Model S Plaid, which has a... More

Active options: TSLA NVDA AAPL PLTR RIVN AMZN AMC AMD UPST

Active options: TSLA NVDA AAPL PLTR RIVN AMZN AMC AMD UPST

UK parliament opens probe into EV transition

Britains parliament revealed Wednesday that the upper house is launching an inquiry into the countrys approach to phasing out fossil fuels and transitioning the public towards electric vehicles. The inquiry will also cover charging infrastructure and end-of-life disposal of EVs.

The U.K. is set to completely ban the sale of new internal combustion vehicles by 2030, with hybrids being phased out by 2035 in favor of fully... More

General Motors (GM) option IV near low end of range into end of union contracts

General Motors (NYSE: GM) 30-day option implied volatility is at 29; compared to its 52-week range of 27 to 60 into their current union contracts end in September.

Ford Motor (F) option IV into current union contracts end in September

Ford Motor (NYSE: F) 30-day option implied volatility is at 29; compared to its 52-week range of 27 to 588 into their current union contracts end in September.

Stellantis (STLA) option IV near low end of range

Stellantis (NYSE: STLA) 30-day option implied volatility is at 26; compared to its 52-week range of 23 to 423 into their current union contracts end in September.

'The clock is ticking', UAW calls Stellantis (STLA) contract 'trash'

UAW union President Shawn Fain angrily discarded contract offers from Stellantis (STLA) Tuesday as he discussed the extensive concessions that the Chrysler parent company is aiming to secure during their negotiations over labor matters.

Fain called the proposals a slap in the face during an online chat meeting, revealing that the company is suggesting reductions in health-care benefits, a decrease in vacation days for new employees,... 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

Citi Downgrades Stellantis NV (STLA:IM) (STLA) to Neutral

Citi analyst Harald Hendrikse downgraded Stellantis NV (STLA:IM) (NYSE: STLA) from Buy to Neutral with a price target of EUR18.00 (from EUR21.00).

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