Tesla (TSLA) China celebrates 2M vehicle production milestone
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Tesla (TSLA) nearly doubles Chinese market share in August
September 8, 2023 2:09 PM EDTDeep discounts and tax breaks for environmentally friendly and electric vehicles boosted consumer sentiment, allowing China's passenger vehicle sales to return to growth this past month, even as economic growth remains weak.
According to data from the China Passenger Car Association (CPCA) released on Friday, car sales saw a 2.2% increase... More
Deutsche Bank warns of downside risk on Tesla (TSLA)
September 7, 2023 3:10 PM EDTDeutsche Bank hosted investor meetings with Tesla as part of the IAA Cars Conf. In the very near term, we came away with the sense there could be downside risk to investors expectations for volume and margin in Q3, reflecting planned summer production shutdowns which will push both production and deliveries down QoQ, discounts on inventories, and limited positive costs offsets... More
Don't be surprised if Tesla (TSLA) continues to cut EV prices into 2024 - Bernstein
September 7, 2023 7:00 AM EDTBernstein analyst Toni Sacconaghi reflected on the new price cuts that Tesla (NASDAQ: TSLA) implemented in the U.S.
The price of the Model S Long Range (LR) has notably decreased by $50,000 since November 2022, representing a significant drop of 37%.
We note that Model S/X have accounted for 8% of automotive sales YTD, pointing to an incremental 150 bps headwind to automotive GMs going forward, all else equal, Sacconaghi said in a client note.
In... More
Active options: TSLA AAPL AMC ROKU NVDA META AMD AMZN ZS CGC SNAP
September 6, 2023 9:50 AM EDTActive options: TSLA AAPL AMC ROKU NVDA META AMD AMZN ZS CGC SNAP
... MoreNew Tesla Model 3 not coming to North America until early 2024 - Drive Tesla
September 5, 2023 3:51 PM EDT(Updated - September 5, 2023 3:52 PM EDT)
New Tesla Model 3 not coming to North America until early 2024 - Drive Tesla Canada
Drive Tesla was first to report that Project Highland would not be making an appearance in North America this year.A potential launch in North America in... MoreActive options: TSLA AAPL NVDA AMD AMZN MSFT META INTC NFLX AMC
September 5, 2023 3:32 PM EDTActive options: TSLA AAPL NVDA AMD AMZN MSFT META INTC NFLX AMC
... MoreGerman Chancellor reveals plans for EV expansion law at IAA Munich
September 5, 2023 12:52 PM EDTGerman 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
September 5, 2023 11:50 AM EDTChinese 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
Active options: TSLA AAPL NVDA AMD AMZN MSFT INTC NFLX PLTR CCL
September 5, 2023 10:38 AM EDTActive options: TSLA AAPL NVDA AMD AMZN MSFT INTC NFLX PLTR CCL
... MoreRenault CEO says Ampere IPO value could reach $10 Billion
September 5, 2023 10:26 AM EDTAccording 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
Lowe's, Airbnb, Oracle rise premarket; Charter Communications fall
September 5, 2023 8:09 AM EDTInvesting.com -- U.S. futures traded with small losses Tuesday, as weak Chinese services activity data increased concerns about the economic recovery of the worlds second largest economy.
Here are some of the biggest premarket U.S. stock movers today:
Lowes (NYSE:... More
Tesla sues Chinese firm over tech secret infringement -Chinese state media
September 5, 2023 5:47 AM EDTBEIJING (Reuters) - Tesla Shanghai has sued a Chinese firm over tech secret infringement and unfair competition disputes, Shanghai Securities Journal reported on Tuesday.
The lawsuit against Bingling Intelligent Technology, a chip designer and auto parts maker based in Changzhou, Jiangsu province, will be heard in the Shanghai... More
Active options: TSLA NVDA AAPL AMD AMZN DIS NIO META MSFT INTC BABA
September 5, 2023 5:10 AM EDTActive options: TSLA NVDA AAPL AMD AMZN DIS NIO META MSFT INTC BABA
... More