Texas EV owners prepare as additional fees kick in Sep. 1st

Stellantis (STLA) expands SPOTiCAR program to the U.S.

Stellantis (NYSE: STLA) announced Thursday that the automaker will be expanding its SPOTiCAR program into the United States.

SPOTiCAR, the manufacturer-approved pre-owned vehicle program, was originally introduced in Europe back in 2019 and reached across 11 countries. The program encompasses renowned brands like Alfa Romeo,... More

General Motors (GM) to close Arizona facility, cuts 936 positions

General Motors (NYSE: GM) revealed in a layoff announcement that the auto maker will be closing its Arizona technology center in Chandler, effectively cutting 936 jobs. The announcement comes roughly 18 months after it planned to hire several hundred more employees at the facility. The technology center is scheduled to close on October 31st, 2023.

The... More

Tesla (TSLA) Investors can expect to see payouts from Elon Musk's SEC settlement soon

In a Wednesday night court filing concerning a legal dispute stemming from a tweet sent by Tesla (NASDAQ: TSLA) CEO Elon Musks in 2018 shows 3,350 eligible claimants will share in a $41.53 million payout.

Musk drew the SEC's attention in August 2018, tweet saying he was thinking about taking Tesla private and had "funding secured" with "investor support." When the plan fell... More

Tesla (TSLA) virtual power plants will energize Texas grid

A recent press release by the Public Utility Commission of Texas (PUCT) reveals that electric vehicle company, Tesla (NASDAQ: TSLA) will be providing Virtual Power Plant (VPP) solutions to the state's power grid. This initiative is a component of the Aggregate Distributed Energy Resource (ADER) initiative promoted by PUCT in 2022.

According to the press... More

Stellantis (STLA) enters dealership electrification agreement with AGI

Acknowledging the extensive national requirements involved in the design, implementation, and upkeep of EV charging networks at over 2,600 sites, Stellantis (NYSE: STLA) revealed on Wednesday their decision to appoint AGI as a turnkey infrastructure solutions provider. This partnership aims to support their dealers in their push towards electrification, encompassing all the necessary elements to establish electric vehicle supply equipment (EVSE) for charging purposes.

The... More

General Motors (GM) to halt production in Fort Wayne due to supply shortage

Officials from General Motors (NYSE: GM) revealed their decision to shut down the Fort Wayne Assembly Plant next week as the automaker grapples with supply issues.

GM spokesperson Jeffrey Benzing confirmed the pause will take place the week of August 28 due to a temporary part shortage.

The Fort Wayne plant is no... More

Ford (F) workers in Louisville vote 'yes' to authorize strike

Ford (NYSE: F) United Auto Workers (UAW) Local 862 union, led by veteran labor leader Todd Dunn in Louisville Kentucky, voted overwhelmingly this week to grant union leaders the right to call a strike if contracts expire before a new deal is in place.

Dunn, who is in his 13th year... More

Tesla (TSLA) cuts production targets in Germany as output slows

A story by Business Insider Wednesday, citing internal documents and unnamed sources, reports that electric vehicle maker, Tesla (NASDAQ: TSLA) has decided to cut their production targets for their German facility to 4,350 a week in July and August after hitting 5,000 a week in March with plans to reduce it further.

In late March, the American EV maker shared a... More

Stellantis (STLA) considers Chinese EV partnership with Leapmotor

According to a report from Bloomberg News on Wednesday, Stellantis (NYSE: STLA), the parent company of Dodge, Fiat and several global brands is actively considering potential collaboration opportunities with Zhejiang Leapmotor, a Chinese electric vehicle (EV) manufacturer.

A strategic move is aimed at growing Stellantis' footprint in the Chinese automotive market.

Sources familiar with the matter have indicated that Stellantis is... More

Tesla (TSLA) China registration numbers suggest a strong August showing

Recent estimates from industry watchers indicate that Teslas (NASDAQ: TSLA) China unit is in position to report impressive August numbers, with estimates showing the car maker receiving 13,900 insurance registrations in the week ending August 20. Less than 1% off their 2nd week numbers, which were estimated at 14,000.

Looking at Tesla's performance during the week of August 14-20, 2023, it seems that the company has achieved approximately 39,400 new... More

Active options: TSLA NVDA AAPL AMC PLTR KVUE AMD AMZN ZM

Active options: TSLA NVDA AAPL AMC PLTR KVUE AMD AMZN ZM

Lowe's, Zoom, Microsoft rise premarket; Macy's, Dick's Sporting Goods fall

Investing.com -- U.S. futures traded higher Tuesday, continuing the previous sessions tech-led rally as investors digest more corporate earnings, particularly from the retail sector.

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

Lowes (NYSE: LOW) stock rose 2.8% after the home improvement retailer posted a smaller-than-expected drop in quarterly comparable sales, helped by a boost from delayed spring season sales and sustained consumer spending on smaller... More

Tesla (TSLA) continues relief rally, adds another 3.6%

Tesla (NASDAQ: TSLA) shares are up 3.6% in pre-open trading, adding to Monday's 7.3% surge on the back of bullish comments from Baird analyst Ben Kallo and Global Equities Research's Trip Chowdhry. Also, the stock is seeing a relief rally following some heavy month-to-date consolidation. Tesla... More

Active options: TSLA AMC JNJ NVDA AAPL KVUE AMZN AMD NKLA

Active options: TSLA AMC JNJ NVDA AAPL KVUE AMZN AMD NKLA

Stock market today: Dow slips as consumer staples, energy fall to offset tech

Investing.com -- The Dow closed lower Monday as weakness in consumer staples and energy offset an Nvidia-led rebound in tech despite a jump in Treasury yields to 16-year highs ahead of potential clues on monetary policy later this week.

The Dow Jones Industrial Average fell 0.1%, 37 points, Nasdaq rose 1.6%, and the S&P 500 rose 0.7%.

Tech stocks were led higher by a more than 8% surge in NVIDIA Corporation (NASDAQ: NVDA) ahead of the chipmakers quarterly results due... More

Tesla says two ex-employees behind May data breach

(Reuters) - Two former Tesla employees were behind a data breach that compromised personal information of more than 75,000 people including staff, the electric carmaker said in a legal disclosure.

Data exposed by the breach was leaked to German media outlet Handelsblatt, Steven Elentukh, Tesla's data privacy officer,... More

Stellantis (STLA) call put ratio 1 call to 8.2 puts with focus on September 14 puts

Stellantis (NYSE: STLA) 30-day option implied volatility is at 30; compared to its 52-week range of 23 to 423 into their current union contracts end on September 14. Call put ratio 1 call to 8.2 puts with focus on September 14 puts.

Ford Motor (F) option IV as share price trades below $12

Ford Motor (NYSE: F) 30-day option implied volatility is at 33; compared to its 52-week range of 27 to 588 into their current union contracts end on September 14.

General Motors (GM) call put ratio 2.1 calls to 1 put amid strike talk headlines

General Motors (NYSE: GM) 30-day option implied volatility is at 34; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14. Call put ratio 2.1 calls to 1 put.

Tesla (TSLA) option implied volatility near low end of range as share price up 7%

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 46; compared to its 52-week range of 42 to 96 as share price up 7%.

Stellantis (STLA) AEG report shows a union strike could cost the U.S. auto industry $5.5B

Anderson Economic Group (AEG) released a report late last week highlighting the potential economic impact of a 10-day auto union strike. According to the report, AEG estimates a strike on all three automakers by 143,000 United Auto Workers (UAW) members could result in a total economic loss of more than $5 billion after 10 full days.

The assessment adopts a holistic perspective, considering not only the impacts on workers and manufacturers, but also the potential repercussions on car dealers and parts suppliers that could result from a... More

Active options: TSLA AMC JNJ NVDA AAPL KVUE AMZN AMD NKLA MSFT

Active options: TSLA AMC JNJ NVDA AAPL KVUE AMZN AMD NKLA MSFT

Stellantis (STLA) threatened to move RAM 1500 production to Mexico, union leader says

United Auto Workers (UAW) union Vice President, Rich Boyer revealed Sunday that Dodge-Chrysler parent Stellantis (NYSE: STLA) threatened to relocate production of their Ram 1500 pickup trucks from its location in metro Detroit to a facility in Mexico.

The threat comes as contract negotiations for thousands of autoworkers have reached a near boiling point. The UAW will hold a vote this week to award... More

S&P 500 rides Nvidia surge, shrugging off jolt in Treasury yields to 16-year highs

Investing.com -- The S&P 500 climbed Monday as Nvidia led a rebound in tech ahead of its quarterly results due Wednesday even as Treasury yields jumped to 16-year highs ahead of potential clues on monetary policy later this week.

The S&P 500 rose 0.5% higher, the Dow Jones Industrial Average fell 0.3%, 84 points, and Nasdaq rose 1.3%.

Tech stocks were led higher by a more than 6% surge in NVIDIA Corporation (NASDAQ: NVDA) ahead of the chipmakers quarterly results due... More

Tesla (TSLA) reveals May data breach was an inside job

Electric vehicle giant, Tesla (NASDAQ: TSLA) filed a data breach notification with Maines attorney general on Friday notifying authorities that an investigation into a data breach that occurred in May found that two employees were responsible for the incident.

According to the notification, the Insider wrongdoing when the two employees sent personally identifying information, including names, addresses, phone numbers, employment-related... More

California DMV probes GM's Cruise robotaxi following crash

The California Department of Motor Vehicles (DMV) announced Friday that the state auto regulator has opened an investigation into recent concerning incidents surrounding General Motors (NYSE: GM) Cruise autonomous vehicle unit. The DMV has also asked that GM remove half of their robotaxis from service while the investigation is under way.

The statement from the California DMV follows an incident involving a Cruise robotaxi and an emergency vehicle in San Francisco late on Thursday, the latest accident involving the self-driving cars.

"The DMV reserves the right,... More

NHTSA probes 2022 Ford (F) Mach-E recall as problems persist

The National Highway Traffic Safety Administration (NHTSA) revealed Monday that the safety regulator has opened an investigation into whether a 2022 Ford (NYSE: F) recall of 49,000 Ford Mustang Mach-E electric vehicles properly addressed safety concerns, and if the recall should be expanded.

Ford initiated a recall in June 2022 due to a potential issue with high voltage battery main contactors. These contactors have the potential to overheat as a result of DC fast-charging and repetitive wide-open pedal events. This overheating could lead to an abrupt loss of power for propulsion,... More

Active options: TSLA NVDA JNJ AMC AAPL AMD PANW KVUE AMZN

Active options: TSLA NVDA JNJ AMC AAPL AMD PANW KVUE AMZN

Tesla (TSLA) Climbs 4.8%

Tesla (NASDAQ: TSLA) Climbs 4.8%

Palo Alto, Tesla, Nvidia rise premarket; Napco, Nikola fall

Investing.com -- U.S. futures traded higher Monday, starting a new week on a positive note as investors await news from Federal Reserve Chair Jerome Powell at the Jackson Hole symposium.

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

Palo Alto Networks (NASDAQ: PANW) stock soared 12% after the cybersecurity company delivered an upbeat... More

US auto safety agency probes 2022 Ford Mach-E EV recall

By David Shepardson

(Reuters) -U.S. auto safety regulators said on Monday that they are investigating whether Ford Motor's 2022 recall of nearly 49,000 Ford Mustang Mach-E electric vehicles adequately addressed concerns and whether it should be expanded to more vehicles.

Ford issued the June 2022 recall because high voltage battery main contactors may overheat from DC fast-charging and repeated wide-open pedal events, which could result in an immediate loss of propulsion power, increasing the risk of a crash.

Active options: TSLA NVDA AAPL AMC AMZN META AMD MSFT KVUE

Active options: TSLA NVDA AAPL AMC AMZN META AMD MSFT KVUE

Active options: TSLA NVDA AAPL AMC AMZN META AMD MSFT KVUE FTCH

Active options: TSLA NVDA AAPL AMC AMZN META AMD MSFT KVUE FTCH

VinFast slumps for third straight day after eye-popping market debut

Investing.com -- VinFast Auto (NASDAQ: VFS) shares tumbled for a third straight session in early U.S. trading on Friday, representing another step down from an eye-popping surge in the Vietnamese electric vehicle maker's stock after its debut on the Nasdaq on Tuesday.

By 10:41 ET (14:41 GMT), shares in VinFast had fallen by 22.15% to $15.57.

At one point this week, VinFast had... More

Active options: TSLA NVDA AAPL AMZN AMD AMC META MSFT

Active options: TSLA NVDA AAPL AMZN AMD AMC META MSFT

Active options: TSLA AAPL AMC NVDA AMZN JNJ AMD KVUE PLTR

Active options: TSLA AAPL AMC NVDA AMZN JNJ AMD KVUE PLTR