China EVs drop as Tesla (TSLA) continues price war

Texas commission approves Tesla (TSLA) charging standard for federal funds despite concerns

A Texas commission voted Wednesday to approve a plan to include Tesla's (NASDAQ: TSLA) North American Charging Standard (NACS) technology to be eligible for federal funds, despite calls for more time to re-engineer and test the connectors.

According to federal regulations, companies must provide NACS rival, Combined Charging System (CCS) as a basic offering to qualify for the... More

Bank of America remains confident in Li Auto’s (LI) expanding pipeline

Bank of America reiterated a Buy rating on Li Auto (NASDAQ: LI) and raised their 12-month price target on the stock to $60.00 (From $56.00) as the electric vehicle companys catalog continues to expand.

Li currently offers three EREV models (L7/L8/L9) and anticipates its fourth EREV model (L6) will begin contributing to sales... More

Bank of America raises estimates on Nio (NIO) following strong delivery growth

Bank of America reiterated a Buy rating on Nio Inc. (NYSE: NIO) and raised their 12-month price target on the stock to $16.20 (From $15.40) after the electric vehicle maker reported its monthly deliveries numbers.

NIO recorded a significant increase in deliveries in July, with... More

Fisker (FSR) inks deal with Tesla (TSLA) to adopt NACS by 2025

California-based, emerging electric vehicle maker, Fisker Inc. (NYSE: FSR) announced Tuesday morning that the automaker has signed an agreement with Tesla (NASDAQ: TSLA) to adopt the North American Charging Standard (NACS) starting in 2025.

This decision offers Fisker vehicle owners more charging... More

Tesla (TSLA) launches affordable Model S and Model X variants

Tesla (NASDAQ: TSLA) introduced more affordable versions of its Model S sedan and Model X SUV in the United States on Monday. These new variants offer shorter driving ranges and are aimed at boosting sales, as elevated borrowing expenses are currently affecting the demand for pricier electric vehicles. The lower cost versions of both vehicles launched Monday are $10,000 less than the regular model,... More

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Active options: TSLA AMC NVDA AAPL AMD AMZN X BABA

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

Tesla, Nikola and AMC fall premarket; Okta, U.S. Steel rise

Investing.com -- U.S. futures traded higher Monday, with investors awaiting more earnings, this time from the crucial retail sector.

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

Tesla (NASDAQ: TSLA) stock fell 2.4% after the... More

Tesla shares slip after electric car giant unveils price cuts in China

Investing.com -- Shares in Tesla (NASDAQ: TSLA) dipped in premarket U.S. trading on Monday after the electric carmaker slashed the prices for some of its China-made vehicles, fueling concerns over an intensifying price war in the country.

In a statement on Monday, Tesla said... More

China's property sector woes, Goldman Sachs' Fed outlook - what's moving markets

Investing.com -- Fears over China's debt-laden property sector mount after key player Country Garden halts trading on some of its mainland bonds. Elsewhere, economists at Goldman Sachs predict when the Federal Reserve will begin cutting interest rates after an aggressive policy tightening campaign, while investors look ahead to results from large big-box brands and retail sales figures for July.

1. China's property sector woes deepen

Chinese residential real estate giant Country Garden (HK:2007) suspended trading in more than... More

Tesla cuts prices in China for select Model Y versions

BEIJING (Reuters) -Tesla on Monday said it has cut prices in China for its Model Y long-range and performance versions starting on Aug. 14, sending its shares lower on concern of further pressure on its profit margins.

This marks the first time since January that Tesla has reduced its vehicle prices in China, although the U.S. electric carmaker has turned to other incentives to boost sales in the face of rising competition in recent months.

The move came after sales of Tesla's China-made vehicles fell 31% in July from June, their first month-on-month decline since December, as the... 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

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Active options: TSLA NVDA AAPL BABA DIS AMZN AMD PLUG PLTR

'Motivated by a greater sense of urgency', Deutsche Bank raises estimates on Nio (NIO) ahead of 2Q release

Deutsche Bank reiterated a Buy rating on Nio Inc. (NYSE: NIO) and raised their 12-month price target on the stock to $17.00 (from $13.00) ahead of the electric automakers 2Q earnings release.

Motivated by a greater sense of urgency, NIO's operational execution has improved significantly in the past quarter with new models ramping quickly and sales efficiency improving. Writes analyst, Edison Yu in a note.

Deliveries for the second quarter have already been reported at 23,520... More

NIO (NIO) PT Raised to $17 at Deutsche Bank

Deutsche Bank analyst Vincent Ha raised the price target on NIO (NYSE: NIO) to $17.00 (from $13.00) while maintaining a Buy rating.... More

China to replace $140 billion LGFV debt with local bonds - Bloomberg News

BEIJING (Reuters) -China will let local governments raise about 1 trillion yuan ($140 billion) through bond sales to repay the debt of local-government financing vehicles (LGFVs) and other off-balance-sheet issuers, Bloomberg News reported on Friday.

Debt-laden municipalities represent a major risk to China's economy and financial stability, economists say, after years of over-investment in infrastructure, plummeting returns from land sales and soaring COVID-19 costs.

The International Monetary Fund estimates 66 trillion yuan ($9.1 trillion) in total debt is held by LGFVs, which cities use to raise money for infrastructure projects critical to the country's development.

The finance ministry has informed... 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

Citi says investors should buy Li Auto, sell XPeng - here's why

Citi analyst Jeff Chung told investors in a note Thursday that they should buy shares of Li Auto Inc. (NASDAQ: LI) and sell XPeng Inc. (NYSE: XPEV).

Chung told investors that the firm held \ an investor call with Li Auto, where the company discussed its model pipeline, sales, and earnings outlook.

Citi believes the valuation... 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