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

German Chancellor reveals plans for EV expansion law at IAA Munich

German Chancellor, Olaf Scholz took a tour of this years IAA car show in Munich on Tuesday where he revealed a groundbreaking initiative to expand the electric vehicle industry in his country.

In his address, he praised the German car industry's dedication to electrification while expressing his disapproval of ongoing protests. Scholz announced a new law, expected in the coming weeks, designed to significantly increase the number of electric vehicle charging stations across the country.

Under... More

Tesla (TSLA) sues Chinese tech firm in IP dispute

Chinese national security newspaper, The Shanghai Securities Journal, reports Tuesday that American electric automaker, Tesla (NASDAQ: TSLA) has filed a lawsuit against Chinese chip designer, Bingling Intelligent Technology, over tech secret infringement and unfair competition disputes.

Tesla alleges that Bingling violated its intellectual property rights, particularly in... More

Renault CEO says Ampere IPO value could reach $10 Billion

According to CEO Luca de Meol, Renault's Ampere electric vehicle division, set to go public through an initial public offering (IPO), might attain a valuation of around 10 billion euros ($10.8 billion).

During an interview with the Financial Times at the Munich IAA car show on Monday, De Meo suggested that Ampere's market worth could range... More

UBS cuts estimates on Renault and Volkswagen as Chinese competition rises

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) China Cuts Price Of Model S Plaid By 19%

Tesla (TSLA) China Cuts Price Of Model S Plaid By 19%, according to a Bloomberg report late Thrusday.

Tesla (TSLA) option IV amid GM, F, STLA union contract headlines

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

Tesla launches new Model 3 in China with higher price tag

SHANGHAI/SAN FRANCISCO (Reuters) -Tesla shares fell nearly 6% on Friday after the electric automaker unveiled a restyled, China-made Model 3 with a higher price, while slashing prices of its premium vehicles and its "Full Self-Driving" (FSD) software.

The launch of the new Model 3 sedan marks the first time the automaker has rolled out a vehicle in China ahead of the United States, underscoring its growing reliance on the country where it is in a race for market share with BYD.

The vehicle is being built at Tesla's Shanghai plant and comes with a starting price that is 12% higher... More

Active options: TSLA AMZN NVDA AAPL PLTR INTC AMD META AMC SHOP GOOGL

Active options: TSLA AMZN NVDA AAPL PLTR INTC AMD META AMC SHOP GOOGL

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

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 low end of range as share price trends into last day of month

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 45; compared to its 52-week range of 42 to 96.

Active options: TSLA NVDA AAPL AMD GOOGL AMZN META

Active options: TSLA NVDA AAPL AMD GOOGL AMZN META

Federal prosecutors investigate Tesla (TSLA) performance claims

The 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

Tesla (TSLA) option IV near lower end of range

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.

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

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

European car sales surge in July; EVs grow 61%

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

Active options: TSLA NVDA AAPL NIO AMD GOOGL AMZN