Tesla (TSLA) nearly doubles Chinese market share in August

U.S. committee recommends royalties on mining minerals for EVs

A federal committee, Tuesday, put forth a suggestion to introduce royalties on U.S. hardrock mining with an aim to boost domestic mining production by generating additional funds for the agencies responsible for granting new mining permits.

This proposal is just one element of a comprehensive set of recommendations designed to enhance the supply of essential materials like lithium, cobalt, and nickel. Materials crucial for supporting the growth of a domestic electric vehicle (EV) industry, which plays a... More

Tesla (TSLA) listed a most shorted stock for third month in a row

According to a report from securities lending data firm Hazeltree on Tuesday, Tesla (NASDAQ: TSLA) remained at the top of the list of the most heavily shorted large-cap U.S. stocks for the third consecutive month in August.

On Monday, Tesla's stock... More

Tesla (TSLA) and suppliers to invest $15B in Mexican gigafactory

Mexican authorities announced on Monday that Tesla (NASDAQ: TSLA) and its suppliers are planning to invest $15 billion in a factory that is currently under construction over the next two years. This figure is three times higher than the previous estimate provided by Mexican... More

RBC Capital gets a peek inside Tesla's (TSLA) Nevada Gigafactory

RBC Capital Markets reiterated an Outperform rating on Tesla (NASDAQ: TSLA), with a 12-month price target of $305.00, after hosting investors for a tour of the companys Nevada gigafactory.

The plant currently boasts a 35-38 gwh capacity. The facility also produces energy storage batteries, with a majority being dedicated to car... More

RBC Capital Takeaways from Tesla (TSLA) Meeting in Texas

RBC Capital analyst Tom Narayan reiterated an Outperform rating and $305.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "Unlike legacy OEM peers in the US who are pursuing JVs to make battery cells, Tesla is going solo which should enable it to capitalize on IRA credits more than any other automaker and even be a tier 1 battery supplier. On battery chemistry, lithium should not be a bottleneck to EV demand. Insourcing power electronics is a key differentiator and Tesla can be a Tier 1 supplier there as well. Finally, autonomy is... More

RBC says Lucid (LCID) products are 'compelling but do not have enough traction'; initiates coverage at Sector Perform

RBC Capital initiated coverage of Lucid Group (NASDAQ: LCID) with a Sector Perform rating and set their 12-month price target on the EV stock at $6.00.

After evaluating the technology advantages offered by LCID in comparison to its competitors, and accounting for variables unrelated to Lucid's core technology, such as drag/wind resistance and weight, RBC believes that Lucid is 12-23% more efficient than Tesla (NASDAQ: TSLA) and at least 30% more efficient than any other automotive... More

Faa Says It Closed SpaceX Starship Super Heavy Mishap Probe - Bloomberg

Faa Says It Closed SpaceX Starship Super Heavy Mishap Probe - Bloomberg

Active options: TSLA AAPL NVDA AMD AMZN KVUE META MARA AMC DOCU

Active options: TSLA AAPL NVDA AMD AMZN KVUE META MARA AMC DOCU

RBC Capital sees ChargePoint (CHPT) as ‘key beneficiary’ of EV adoption; initiates coverage at Outperform

RBC Capital Markets has initiated coverage of ChargePoint Holdings (NYSE: CHPT) with an Outperform rating and a 12-month price target of $9.00 on the EV charging equipment company.

Analyst Chris Dendrinos wrote in a note, We believe the robust product portfolio, differentiated strategy, and asset-light business model position it to be a key beneficiary of positive secular trends in vehicle electrification and growing demand for charging infrastructure. Our positive outlook on the industry and favorable view of CHPTs... More

RBC Capital Starts Lucid Group Inc. (LCID) at Sector Perform

(Updated - September 8, 2023 5:00 AM EDT)

RBC Capital analyst Tom Narayan initiates coverage on Lucid Group Inc. (NASDAQ: LCID) with a Sector Perform rating and a price target of $6.00.

The analyst comments "Lucid's technology is better than its nearest competitor... More

Deutsche Bank warns of downside risk on Tesla (TSLA)

Deutsche 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

Active options: TSLA AAPL NVDA META AMC AMZN KVUE AMD INTC AI PLTR

Active options: TSLA AAPL NVDA META AMC AMZN KVUE AMD INTC AI PLTR

Don't be surprised if Tesla (TSLA) continues to cut EV prices into 2024 - Bernstein

Bernstein 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

'We continue to worry that Tesla will need to further lower prices this year' - Bernstein

Bernstein analyst Toni Sacconaghi reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA).

"While list prices have been stable, Tesla is increasingly selling units from inventory at discounted prices - often at $3-5k for the Model 3 and Y, translating to an incremental 6-10% off the list price. We believe that an... More

Users Reports Issues as X - Downdetector

Users Reports Issues as X, formerly Twitter - Downdetector

Tesla (TSLA) China celebrates 2M vehicle production milestone

On Wednesday, Tesla's China branch made an announcement about a significant achievement at their Shanghai facility. Through their social media channels, the company shared that Giga Shanghai has reached the remarkable milestone of manufacturing its two millionth vehicle in less than four years since the plant commenced its... More

Active options: TSLA AAPL AMC ROKU NVDA META AMD AMZN ZS CGC SNAP

Active options: TSLA AAPL AMC ROKU NVDA META AMD AMZN ZS CGC SNAP