U.S. regulators request additional information in Tesla (TSLA) autopilot investigation
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US will offer $12B to automakers and suppliers for the advancement of new energy vehicles
August 31, 2023 12:15 PM EDTU.S. Secretary of Energy, Jennifer Granholm held a briefing with journalists Thursday where the former governor announced the United States will be making $12 Billion in funds available through grants and loans to automakers and their suppliers for the purpose of retrofitting facilities to produce electric and other advanced vehicles.
The funding will include $10 billion from a federal loan program for clean vehicles and aims to support... More
Federal prosecutors investigate Tesla (TSLA) performance claims
August 31, 2023 8:53 AM EDTThe Wall Street Journal (WSJ) reported Wednesday that federal prosecutors are looking into Teslas (NASDAQ: TSLA) vehicle performance claims following a July story by Reuters outlining the electric automakers scheme to exaggerate the potential driving distance of its vehicles.
Reuters previously reported that Tesla vehicles frequently fall short of reaching the range expectations and forecasts... More
European car sales surge in July; EVs grow 61%
August 30, 2023 10:00 AM EDTThe 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
Active options: TSLA NVDA AAPL NIO GOOGL AMD AMZN META MARA PLTR
August 29, 2023 2:45 PM EDTActive options: TSLA NVDA AAPL NIO GOOGL AMD AMZN META MARA PLTR
... MoreUS NTHSA Sends Special Order To Tesla Regarding Driver Monitoring System - Reuters
August 29, 2023 2:24 PM EDTUS NTHSA Sends Special Order To Tesla Regarding Driver Monitoring System - Reuters
Says it "Is concerned about the safety impacts of recent changes to Teslas driver monitoring"... More
Customer Interest in Tesla (TSLA) CyberTruck is 'Off-the-Charts' - Global Equities' Chowdhry
August 29, 2023 12:37 PM EDTGlobal Equities Research analyst Trip Chowdhry reiterated an Overweight rating and $350.00 price target on Tesla (NASDAQ: TSLA), highlighting that customer interest in CyberTruck is "off the charts" and has "frozen" traditional pick-up truck sales.
The analyst notes:
Spoke to ~20... MoreTesla (TSLA), other EV names gain
August 29, 2023 10:19 AM EDTTesla (NASDAQ: TSLA) and other EV names are stronger today, helped in part by weaker economic data - which is a doubled-edge sword. On one hand it could stop the Fed from hiking rates, on the other it means car sales could take a hit:... More
HSBC sees no sign of EV price war in Europe
August 29, 2023 9:09 AM EDTDespite 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
Futures little changed ahead of data deluge - what's moving markets
August 29, 2023 5:51 AM EDTInvesting.com -- U.S. stock futures edge up as traders look ahead to key economic data and new company results this week. Elsewhere, Google reportedly eyes plans to sell its mapping data to companies building renewable energy products, while Mark Zuckerberg, Elon Musk and other tech industry leaders are invited to Washington for a forum discussing the possible pitfalls of generative artificial intelligence.
1. U.S. futures little changed
U.S. stock futures were near flat Tuesday as investors awaited the release of fresh economic data and corporate earnings (see below).
At 05:27 ET (9:27... More
Senate Majority Leader Schumer To Host Musk, Zuckerberg At Ai Forum In Sepetember - Axios
August 28, 2023 4:43 PM EDTSenate Majority Leader Schumer To Host Musk, Zuckerberg At Ai Forum In Sepetember - Axios
... More
Hedge funds' exposure to Magnificent Seven tech stocks at record - Goldman Sachs
August 28, 2023 12:17 PM EDTHedge funds' exposure to Magnificent Seven tech stocks at record - Goldman Sachs
... MoreTesla (TSLA) prepares for trial involving autopilot related deaths
August 28, 2023 9:44 AM EDTTesla 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
Vinfast (VFS) becomes third most valuable carmaker as stock surge continues
August 28, 2023 9:10 AM EDTShares of electric-vehicle maker Vinfast (NASDAQ: VFS) surged as much as 30% in premarket trading on Monday morning, extending last weeks rally that saw the Vietnamese carmaker more than quadruple its market value to $160 billion.
A premarket share price of $90.55 indicated that the stock was headed towards increasing its market capitalization by nearly $50 billion.... More
Tesla braces for its first trial involving Autopilot fatality
August 28, 2023 6:05 AM EDTBy 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 EDTTesla'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
Tesla (TSLA) 30-day option implied volatility near low end of range
August 25, 2023 6:02 AM EDTTesla (NASDAQ: TSLA) 30-day option implied volatility is at 47; compared to its 52-week range of 42 to 95.
... MoreIndia Considers Lowering EV Import Tax To As Low As 15%, Vs 100% On Some Cars Now - Reuters
August 25, 2023 5:47 AM EDTIndia Considers Lowering EV Import Tax To As Low As 15%, Vs 100% On Some Cars Now - Reuters
... MoreWith Tesla Push, India Mulls Import Tax Cut If EV Makers Build Locally - Reuters
August 25, 2023 5:47 AM EDTWith Tesla Push, India Mulls Import Tax Cut If EV Makers Build Locally - Reuters
... More