Home Depot, Tesla, Tencent Music fall premarket; Nvidia, DR Horton rise

Morgan Stanley on Tesla (TSLA): 'Investors are becoming more cautious on China EVs'

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

The analyst comments "Investors are becoming more cautious on China EVs after a solid run in the past 3 months, with Tesla's further promotional activity of particular... More

Tesla (TSLA) notifies lithium supplier of potential lawsuit over failed deal

Lithium supplier, Core Lithium has been notified by electric vehicle maker, Tesla (NASDAQ: TSLA) regarding a 2022 supply agreement that failed to be realized within the contracted timeframe, according to a statement from the Australian mining company.

Despite prior arrangements, the... More

Stellantis (STLA) invests in direct lithium extraction project

Stellantis (NYSE: STLA) said Thursday that the carmaker will be investing more than $100 million in California-based direct lithium extraction (DLE) company, Controlled Thermal Resources.

Different DLE technologies come with their own unique approaches, but all share the common goal of extracting lithium from saline brine deposits through mechanical filtration. This innovative process eliminates the necessity for open pit... More

Tesla (TSLA) to begin mass output of revamped Model 3 in China

Tesla (NASDAQ: TSLA) is poised to begin mass production of the electric vehicle giants updated Model 3 in China as early as next month, according to people familiar with the situation.

Sources, who opted to remain anonymous as the details are not yet public, have revealed that Tesla is nearing the completion of display... More

Citi Reiterates Buy Rating on NVIDIA (NVDA), PT $520, 'We see upside to data center sales in the Jul/Oct'

Citi analyst Atif Malik reiterated a Buy rating and $520.00 price target on NVIDIA (NASDAQ: NVDA).

The analyst comments "NVIDIA reports Jul-Q after the market close on 8/23. We model ~$11B/$12B or in-line Jul/Oct sales and believe buy side expectations have... More

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

GM invests $60M in EV battery startup, Mitra Chem

General Motors (NYSE: GM) announced Wednesday that the American automaker will be investing in Silicon Valley startup, Mitra Chem with an aim to help the new company speed the development of a more affordable battery chemistry for use in electric vehicles.

GM is set to spearhead a $60 million investment in Mitra Chem. The startup... More

Hyundai to purchase GM’s India plant as American OEM prepares market exit

Hyundai Motors is set to acquire General Motors' (NYSE: GM) Talegaon plant located in the western state of Maharashtra. This strategic step not only facilitates the departure of the U.S. automaker from the Indian market but also helps to supplement Hyundai's annual manufacturing output.

Hyundai revealed Wednesday that the automaker plans... More

UAW to hold a vote authorizing a strike as talks continue at slow pace

Union President Shawn Fain released a statement Tuesday indicating that negotiations with Detroit automakers continues to move at a snails pace and have yet to even address the issues surrounding wages and other economic issues.

The United Auto Workers union (UAW) boasts a membership of approximately 146,000 members who will vote next week on authorizing their leaders to call strikes against the Big Three. The unions contracts with General Motors (NYSE: GM), Ford (NYSE: F) and... More

NVIDIA (NVDA) Extends Gain, Up Another 3.3%

NVIDIA (NASDAQ: NVDA) Extends Gain, Up Another 3.3%

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