Vinfast (VFS) becomes third most valuable carmaker as stock surge continues

Canada's Unifor targets Ford (F) in Detroit 3 labor talks

August 30, 2023 11:28 AM EDT

Unifor, Canadas largest private union, announced this week that the labor force has selected Ford Motor Company (NYSE: F) as their target in its negotiations with the Detroit Three.

Talks began with the car manufacturers, including General Motors (NYSE: GM) and Stellantis (NYSE: STLA), on August 10th. But on August 29th, Unifor... More

European car sales surge in July; EVs grow 61%

August 30, 2023 10:00 AM EDT

The European Automobile Manufacturers Association (ACEA) published its monthly data on Wednesday, revealing a 15.2% surge in new car registrations in Europe for the month of July. This marks the 12th consecutive month of expansion as the automotive sector rebounds from supply chain challenges brought on by the pandemic.

The sales of electric vehicles surged... More

July sales jump helps Toyota (TM) reach monthly record

August 30, 2023 9:20 AM EDT

Toyota Motor (NYSE: TM) released their sales numbers for the month of July on Wednesday, reporting an 8% rise compared to June with a record 859,506 vehicles in global sales. The automaker also reported a 15% increase in global production for the month.

Toyota has recorded... More

U.S. regulators request additional information in Tesla (TSLA) autopilot investigation

August 29, 2023 3:25 PM EDT

Documents released to the media Tuesday show The National Highway Traffic and Safety Administration (NHTSA) has sent a special order to electric automaker, Tesla (NASDAQ: TSLA) with questions concerning changes to the companys driver monitoring system employed in their autopilot software.

In a notice dated July 26th, the NHTSA expressed concerns about a Tesla update... More

Ford (F) Pro expands commercial charging solutions

August 29, 2023 2:50 PM EDT

Ford Pro, the commercial arm of Detroits Ford Motor Co. (NYSE: F), revealed new charging equipment Tuesday, that will be added to its suite of end-to-end solutions. The new hardware is designed to help make it easier for commercial customers to transition their fleets to electric.

Were committed to helping businesses make the transition to electric easy, said... More

Toyota (TM) to resume domestic operations Wednesday following a system failure

August 29, 2023 12:07 PM EDT

Toyota (NYSE: TM) revealed its intention to resume operations at its Japanese assembly plants starting Wednesday. The restart follows a recent production system malfunction which brought the automakers domestic output to a screeching halt.

A spokesperson from the company verified Tuesday the glitch affecting component orders lead the Japanese car manufacturer to pause operations at its 14 domestic plants. Operations were initially only suspended at 12 plants... More

Morgan Stanley said buy these two auto stocks amid looming strike

August 29, 2023 10:59 AM EDT

With the impending expiration of UAW contracts on September 14th, the anticipation of a more 'contentious' bargaining process has intensified due to several contributing factors.

Factors surrounding exceptionally elevated inflation rates, rhetoric from new UAW leadership, notably favorable margins for the Detroit Three (Ford, General Motors and Stellantis) in the current cycle, and a wide array of recent instances that have set precedent for union contract discussions across adjacent manufacturing and service sectors in the United States.

With the chance of a UAW strike more likely than in recent years, Morgan Stanley analyst, Adam Jonas believes... More

HSBC sees no sign of EV price war in Europe

August 29, 2023 9:09 AM EDT

Despite several reports of major price cuts and margin shrink, HSBC believes that the media reports of a pricing war in the European EV market may be somewhat exaggerated.

German newspaper, Handelsblatt recently referenced a PwC Strategy report to support the notion of a BEV price competition extending to Europe. However, this view is in contrast with statements coming from the automobile manufacturers.

HSBC Global Research found that there is a shortage of collected information on pricing in Europe and has decided to launch... More

Tesla (TSLA) prepares for trial involving autopilot related deaths

August 28, 2023 9:44 AM EDT

Tesla Inc (NASDAQ: TSLA) is preparing to defend itself for the first time at trial against allegations that the automakers Full Self-Driving (FSD) autopilot feature failed, resulting in fatality. The trial will likely be seen as a major test of Chief Executive Elon Musk's claims regarding the technology.

Tesla faces two trials in quick succession.

Happening within California's state court, the first trial is a civil litigation alleging that the Autopilot system led Tesla owner Micah Lee's Model 3 to... More

3M, XPeng, Hawaiian Electric Industries rise premarket; Novocure slides

August 28, 2023 8:23 AM EDT

Investing.com -- Stocks in focus in premarket trade on Monday, August 28th. Please refresh for updates.

3M Company (NYSE: MMM) stock rose 6.1%, following media reports that the industrial conglomerate has tentatively agreed to pay over $5.5 billion to resolve... More

Tesla braces for its first trial involving Autopilot fatality

August 28, 2023 6:05 AM EDT

By Dan Levine and Hyunjoo Jin

SAN FRANCISCO (Reuters) - Tesla Inc is set to defend itself for the first time at trial against allegations that failure of its Autopilot driver assistant feature led to death, in what will likely be a major test of Chief Executive Elon Musk's assertions about the technology.

Self-driving capability is central to Teslas financial future, according to Musk, whose own reputation as an engineering leader is being challenged with allegations by plaintiffs in one of two lawsuits that he personally leads the group behind technology that failed. Wins by Tesla could... More

Tesla (TSLA) in prime position to further capitalize on EV transformation, claims Wedbush's Ives

August 25, 2023 12:07 PM EDT

Tesla's (NASDAQ: TSLA) sum-of-the-parts story is fully in stride, according to Wedbush analyst Daniel Ives on Friday.

Ives noted the electric vehicle giant's newly released supercharger network OEM deals, energy business, AI-driven autonomous path, unmatched battery ecosystem, and increased production scale/ scope... More

Ford Motor (F) call put ratio 1 call to 1.7 puts

August 25, 2023 10:58 AM EDT

Ford Motor (NYSE: F) 30-day option implied volatility is at 32; compared to its 52-week range of 27 to 588 into their current union contracts end on September 14.

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General Motors (GM) call put ratio 1 call to 1.9 puts into Union strike talk headlines

August 25, 2023 10:58 AM EDT

General Motors (NYSE: GM) 30-day option implied volatility is at 35; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14. Call put ratio 1 call to 1.9 puts.

... More

Tesla (TSLA) 30-day option implied volatility near low end of range

August 25, 2023 6:02 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 47; compared to its 52-week range of 42 to 95.

... More

India Considers Lowering EV Import Tax To As Low As 15%, Vs 100% On Some Cars Now - Reuters

August 25, 2023 5:47 AM EDT

India Considers Lowering EV Import Tax To As Low As 15%, Vs 100% On Some Cars Now - Reuters

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With Tesla Push, India Mulls Import Tax Cut If EV Makers Build Locally - Reuters

August 25, 2023 5:47 AM EDT

With Tesla Push, India Mulls Import Tax Cut If EV Makers Build Locally - Reuters

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

August 24, 2023 3:02 PM EDT

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

August 24, 2023 2:02 PM EDT

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

August 24, 2023 11:14 AM EDT

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

General Motors (GM) December 37 calls active amid Union strike talk headlines

August 24, 2023 10:47 AM EDT

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 1.8 calls to 1 put.

... More

Ford Motor (F) option IV near low end of range

August 24, 2023 10:46 AM EDT

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 on September 14.

... More

VinFast Auto (VFS) climbs 28%

August 24, 2023 9:48 AM EDT

VinFast Auto (NASDAQ: VFS) climbs 28%

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

August 24, 2023 4:55 AM EDT

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

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