Federal prosecutors investigate Tesla (TSLA) performance claims

UBS cuts estimates on Renault and Volkswagen as Chinese competition rises

September 1, 2023 8:21 AM EDT

UBS downgraded French automaker, Renault to a Sell rating (From Neutral) and cut their 12-month price target on the automotive stock to 31.00 (From 42.00) as competition from Chinese rivals intensifies.

UBS anticipates continued robust financial performance in the upcoming quarters with the potential for additional positive surprises. However, it is noteworthy that most indicators have ceased to show improvement. An analysis by UBS, including the examination of the BYD teardown Q-Series, leads analyst David Lesne to believe that legacy automakers... More

Tesla (TSLA) cuts prices in China, releases refreshed Model 3

September 1, 2023 7:51 AM EDT

Shares of Tesla (NASDAQ: TSLA) are up 0.16% in pre-market trading Friday morning after the company announced that they have once again cut prices in China.

The electric automaker announced that they have slashed prices for their premium Model S and Model X vehicles sold in China by between 14% and 21%, according to its official website.

The company also revealed Friday their redesigned Model 3, which is manufactured in China and boasts... More

US will offer $12B to automakers and suppliers for the advancement of new energy vehicles

August 31, 2023 12:15 PM EDT

U.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

Tesla (TSLA) option IV near lower end of range

August 30, 2023 3:42 PM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 46; compared to its 52-week range of 42 to 96. Call put ratio 1.2 calls to 1 put.

... More

DOJ, SEC Investigate Tesla Over Secret Glass House Project - WSJ

August 30, 2023 3:32 PM EDT

DOJ, SEC Investigate Tesla Over Secret Glass House Project - WSJ

... 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

Active options: TSLA NVDA AAPL NIO AMD GOOGL AMZN

August 30, 2023 9:55 AM EDT

Active options: TSLA NVDA AAPL NIO AMD GOOGL AMZN

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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

Active options: TSLA NVDA AAPL NIO GOOGL AMD AMZN META MARA PLTR

August 29, 2023 2:45 PM EDT

Active options: TSLA NVDA AAPL NIO GOOGL AMD AMZN META MARA PLTR

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US NTHSA Sends Special Order To Tesla Regarding Driver Monitoring System - Reuters

August 29, 2023 2:24 PM EDT

US 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 EDT

Global 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... More

Tesla (TSLA), other EV names gain

August 29, 2023 10:19 AM EDT

Tesla (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 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

Futures little changed ahead of data deluge - what's moving markets

August 29, 2023 5:51 AM EDT

Investing.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