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

Biden considers aid for small suppliers as UAW strike seems likely

According to a report from Reuters on Thursday, citing a source with knowledge of the matter, suggests that the Biden administration is considering emergency aid to safeguard smaller businesses supplying U.S. automobile manufacturers in the event of a strike by the United Auto Workers (UAW) union.

For several months now, the UAW has been engaged in intense negotiations with Detroits Big Three: Stellantis (NYSE: STLA), Ford (NYSE: F), and... More

Tesla (TSLA) achieves a breakthrough in affordable EVs

Reuters reports Thursday, citing unnamed sources, that electric automaker, Tesla (NASDAQ: TSLA) is on the verge of a major technological breakthrough that could change the way electric vehicles (EVs) are made.

According to the report, Tesla has integrated a range of innovations to achieve a technological milestone that has the potential to revolutionize its electric vehicle manufacturing process, aligning with Elon Musk's goal of reducing production expenses by half.

As per the unnamed... More

JPM says UAW strike would likely last less than 45 days

The United Auto Workers (UAW) leadership has declared its intention to strike any and all OEMs for which a new contract has not been finalized by the current contract's expiration date at midnight on Thursday.

J.P. Morgan analyst, Bill Peterson wrote in a note that JPMs auto team sees a high likelihood of a strike occurring, but expects any strike to be shorter than the 45 days at GM in 2019 given lean inventory levels.

According to JPMs automotive... More

European autos slump on China probe

European Commission President Ursula von der Leyen revealed Wednesday that the European Union is starting an inquiry into the financial support provided by China for electric vehicles (EVs). She pointed out that significant state subsidies in China are intentionally keeping the prices of Chinese EVs artificially low, a situation that could potentially disrupt the European Union market.

For German OEMs, the risk of retaliation in China... More

India to push for EV investments with new policy says minister Goyal

Indian commerce minister, Piyush Goyal revealed Wednesday that the country is in the process of drafting a new policy aimed at enticing electric vehicle (EV) manufacturers and fostering increased investment in the industry.

This announcement coincides with ongoing discussions between the U.S.-based EV company Tesla (NASDAQ:... More

Tesla (TSLA) interested in Sunrise New Energy (EPOW) battery components

Shares of battery components company, Sunrise New Energy (NASDAQ: (EPOW) rose as much as 20% on Wednesday after the company revealed that they have received interest from electric vehicle maker Tesla Inc. (NASDAQ: TSLA) for its products.

Sunrise, through its joint venture,... More

UBS maintains Neutral rating on Tesla (TSLA); Initiates coverage on Rivian (RIVN)

UBS Global reiterated a Neutral rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the EV stock to $290.00 (From $270.00). The adjustment comes in light of Tesla's ongoing strategy of leveraging its cost advantage and stimulating demand through price reductions.

UBS analyst, Joseph Spak believes this pricing strategy could potentially provide Tesla with a formidable competitive edge, allowing the company to expand its customer base. This approach may also create challenges for competitors grappling with higher operating costs. However, while this strategy has the potential to be a game-changer, it... More

UBS says buy these two US automakers as potential UAW strike quickly approaches

UBS is showing strong confidence in the automotive industry, upgrading both General Motors (NYSE: GM) and Ford Motor Co. (NYSE: F) to Buy ratings, accompanied by revised 12-month price targets. Even as a UAW strike seems inevitable.

General Motors

UBS upgraded General Motors to a Buy rating (From Neutral) and raised their 12-month price target on the auto stock to $44.00 (From $41.00). This upgrade is grounded in GM's consistent performance amidst a highly uncertain and volatile economic landscape, notably maintaining an 8-10% GM North America (GMNA) EBIT-Adjusted... More

Billionaire investor Ron Baron says Tesla (TSLA) could grow fivefold

Billionaire investor, and CEO of Baron Capital, Ron Baron appeared on CNBCs Squawk Box Wednesday morning to discuss his investments with Tesla (NASDAQ: TSLA) and CEO Elon Musk.

The billionaire stood by his optimistic outlook on Tesla, expecting the electric vehicle (EV)... More

China EVs sink as EU launches probe into subsidies

Shares of Chinese electric vehicle manufacturers Nio (NYSE: NIO), Li Auto (NASDAQ: LI), and XPeng (NYSE: XPEV) experienced a decline in early trading Wednesday morning following a Bloomberg report that the European Union has initiated an inquiry into Chinese electric vehicle subsidies.

The European Commission president said that Brussels will launch an anti-subsidy... More

Ford (F) ramps hybrid pickup production

Ford (NYSE: F) is set to increase production of its hybrid F-150 pickup trucks in 2024, aiming to advance the automaker's shift towards gas-electric powertrains. This move serves as a precautionary measure against the reluctance of U.S. truck buyers to fully embrace all-electric vehicles.

In 2024, Ford plans to prepare 20% of its most popular model-line in the U.S. market with gas-electric... More

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Active options: TSLA AAPL NVDA ORCL AMZN AMC AMD INTC BAC

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

U.S. stocks fall after Oracle disappointed; inflation data in view

Investing.com -- U.S. stocks are falling early Tuesday after Oracle's outlook disappointed investors. Next up is August's inflation reading, a report due out Wednesday that could be a factor in the Federal Reserve's decision about interest rates later this month.

At 11:15 ET (15:15 GMT), the Dow Jones Industrial Average fell 29 points or 0.1%, while the S&P 500 fell 0.5%, and the NASDAQ Composite fell 0.8%.

The three major Wall Street indices closed higher Monday, with the tech-heavy Nasdaq leading the way, gaining 1.1%, as Tesla (NASDAQ: TSLA) surged on... More

Third Bridge analyst sees Ford (F) as most vulnerable if UAW strike

Third Bridge analyst, Shoggi Ezeizat conducted interviews with several auto executives regarding the potential for a strike by the United Autoworkers Union (UAW). Ezeizat's findings shed light on the situation within the automotive industry and its potential repercussions.

One key observation made by Ezeizat is the vulnerability of Ford Motors (NYSE: F) to... More

Active options: TSLA AMC NVDA AAPL ORCL AMD DIS AMZN CGC

Active options: TSLA AMC NVDA AAPL ORCL AMD DIS AMZN CGC

UAW talks 'moving very slow'; high likelihood of a strike says analyst

The Detroit 3 and UAW remain significantly apart in their contract negotiations as the September 14th deadline quickly approaches. However, there is a noticeable willingness from the UAW to make concessions on crucial terms, especially considering that their initial request, which they self-described as "audacious," appeared to be unattainable.

Recent proposals are asking for a mid-30% raise, rather than the... 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

U.S. futures slip; Disney, Charter reach distribution deal - what's moving markets

Investing.com -- U.S. stock futures decline after a spike in Tesla's (NASDAQ: TSLA) shares bolsters equities on Monday, as traders look ahead to the release of major economic data later in the week. Elsewhere, British chip designer Arm will reportedly stop taking orders for its much-anticipated initial public offering a day early due to solid investor demand, while Disney and Charter... 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

UAW strike 'highly likely' says Barclays

Barclays analyst Dan Levy: "D3/UAW far off on contract resolution with deadline nearing, but reflects willingness by UAW to compromise on key terms -
original UAW request self-described as audacious looked unfeasible. Recent deals for other labor negotiations completed at mid 20%. Strike highly likely, but some small steps on... More

Ford Motor (F) stands to face the most severe financial impact in the event of a UAW strike - analyst

Third Bridge analyst Shoggi Ezeizat on the potential for a strike by the United Autoworkers Union (UAW):

- Amid escalating labor tensions, it is likely that of the Detroit Big Three automakers, Ford stands to face the most severe financial impact in the event of a UAW strike.... More

Tesla, suppliers to invest $15 billion in Mexico factory - local governor

MEXICO CITY (Reuters) - A state governor in Mexico said on Monday that Tesla and its suppliers would invest $15 billion over the next two years in a factory that is still under construction, an amount that is triple what Mexican officials previously announced.

In March, Tesla CEO Elon Musk said his company would open a gigafactory in northern Nuevo Leon state, part of... More

S&P 500 rises as tesla, big tech rack up gains

Investing.com -- The S&P 500 rose Monday, led by a rally in tesla and big tech as bullish bets on stocks emerged a day ahead of Apples eagerly anticipated iPhone 15 launch.

The S&P 500 rose 0.6%, the Dow Jones Industrial Average added 0.2%, 73 points, Nasdaq rallied 1%.

Tesla (NASDAQ: TSLA) rose more than 9% after Morgan Stanley upgraded the electrical vehicle maker to overweight from equalweight, on optimism that its supercomputer Dojo -- which can process data from Tesla vehicles on... More

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Active options: TSLA NVDA AMZN AAPL AMD PLTR META DIS KVUE CGC

Potential UAW strike could cut production, push up vehicle prices, analysts say

By Priyamvada C

(Reuters) - A prolonged coordinated strike by the United Auto Workers (UAW) union against the Detroit Three automakers could cut production by thousands, potentially pushing up vehicle prices and exacerbating supply-chain disruptions, analysts said.

The auto industry is on edge as the current four-year contracts between the UAW and General Motors, Ford Motor Co and Stellantis for hourly U.S. workers expire on midnight Sept. 14, after which the union's chief has warned of a possible coordinated strike.

New vehicle prices may rise by less than 2% if the strike lasts about two weeks, according to... More

Stellantis (STLA) to present new offer as UAW contract nears end

Detroit automaker and Chrysler-parent, Stellantis (NYSE: STLA) announced Monday their plans to present a new counteroffer to the United Auto Workers (UAW) after the Union submitted their own revised offer to the company on Sunday. The unions current contract is scheduled to expire at midnight on Thursday.

The UAW on Friday had rejected revised offers from... More

U.S. stocks are rising as investors hope for rate pause; data in view

Investing.com -- U.S. stocks were rising on hopes the Federal Reserve will leave rates unchanged when it meets this month, as investors anticipate nearing the end of its interest rate increases.

At 10:38 ET (14:38 GMT), the Dow Jones Industrial Average was up 55 points or 0.2%, while the S&P 500 was up 0.4% and the NASDAQ Composite was up 0.5%.

The three major Wall Street indices posted a losing week last week, with the blue-chip Dow Jones Industrial Average ending around 0.8 lower. The tech-heavy Nasdaq Composite dropped 1.9% and the broad-based S&P 500 fell 1.3%, their... More

Stellantis (STLA) launched 3rd round of share buybacks

Stellantis (NYSE: STLA) announced Monday that they have teamed up with an independent investment firm to buy back some of its shares as part of the companys third round of its buyback program.

Back in February 2023, Stellantis, the parent company of... More

U.S. stocks rise on hopes for Fed rate pause; inflation data in view

Investing.com -- U.S. stocks were rising on hopes the Federal Reserve will leave rates unchanged when it meets this month, as investors anticipate nearing the end of its interest rate increases.

At 9:34 ET (13:34 GMT), the Dow Jones Industrial Average was up 193 points or 0.6%, while the S&P 500 was up 0.7% and the NASDAQ Composite was up 0.9%.

The three major Wall Street indices posted a losing week last week, with the blue-chip Dow Jones Industrial Average ending around 0.8 lower. The tech-heavy Nasdaq Composite dropped 1.9% and the broad-based S&P 500 fell 1.3%, their... More

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

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

Tesla, Apple, Hostess Brands, Boeing rise premarket; Alibaba falls

Investing.com -- U.S. futures traded slightly higher Monday, ahead of the release this week of fresh inflation data which could give guidance of future Federal Reserve monetary action.

Here are some of the biggest premarket U.S. stock movers today:

Tesla (NASDAQ: TSLA) stock rose 6% after Morgan Stanley upgraded its stance on the electric... More

Nasdaq ends sharply higher as Tesla soars on AI optimism

By Noel Randewich and Shristi Achar A

(Reuters) - The Nasdaq closed sharply higher on Monday as Tesla surged on optimism around artificial intelligence and investors awaited inflation data due later this week.

Tesla rallied 10% after Morgan Stanley upgraded the electric car maker to "overweight" from "equal-weight," saying its Dojo supercomputer could boost the company's market value by nearly $600 billion.

Other megacaps also rose, with Amazon climbing 3.5% and Microsoft adding 1.1%.

Meta Platforms jumped 3.25% after a report on Sunday said the social media platform was working on a new, more powerful AI system.

Walt Disney added 1.2% and... More

Stellantis (STLA) Commences Third Tranche of its Share Buyback Program

Stellantis N.V. (NYSE: STLA) announced today that pursuant to its Share Buyback Program (the Program) announced on February 22, 2023, covering up to 1.5 billion (total purchase price excluding ancillary costs) to be executed in the open market with the intent to cancel the common shares acquired through the Program and following the completion of the first and second tranches of the Program as previously announced, Stellantis has signed a share buyback agreement for the third tranche of its Program with an independent investment firm that makes its trading decisions concerning the timing of purchases... More

Tesla (TSLA) rallies as Morgan Stanley upgrades to Top Pick on Dojo supercomputer boost

Tesla (NASDAQ: TSLA) stock can surge thanks to its Dojo Supercomputer says Morgan Stanley analyst Adam Jonas after upgrading the rating to Overweight from Equal Weight.

Tesla stock is also a new Top Pick at Morgan Stanley with a price target of $400 per share, a new Street-high.

Shares in Tesla rose 5.5% on the news.

Tesla has developed an advanced supercomputing architecture that pushes new boundaries in... More

General Motors (GM) option IV into current union contracts end on September 14

General Motors (NYSE: GM) 30-day option implied volatility is at 31; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14.

Ford Motor (F) option IV near low end of range amid strike headlines

Ford Motor (NYSE: F) 30-day option implied volatility is at 29; compared to its 52-week range of 27 to 588 into their current union contracts end on September 14.

Stellantis (STLA) option implied volatility steady into amid contract headlines

Stellantis (NYSE: STLA) 30-day option implied volatility is at 27; compared to its 52-week range of 23 to 423 into their current union contracts end on September 14.

Tesla (TSLA) 30-day option implied volatility near low end of range

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 48; compared to its 52-week range of 42 to 96.

Tesla jumps as analyst predicts $600 billion value boost from Dojo

(Reuters) -Tesla rallied 6% on Monday after Morgan Stanley said its Dojo supercomputer could power a near $600 billion surge in the electric-car maker's market value by helping speed up its foray into robotaxis and software services.

Tesla, already the world's most valuable automaker, started production of the supercomputer to train artificial intelligence (AI) models for self-driving cars in July and plans to spend more than $1 billion on Dojo through next year.

Dojo can open up new addressable markets that "extend well beyond... More

Morgan Stanley Upgrades Tesla (TSLA) to Overweight, Names Top Pick on AI Mojo

(Updated - September 10, 2023 9:33 PM EDT)

Morgan Stanley analyst Adam Jonas upgraded Tesla (NASDAQ: TSLA) from Equalweight to Overweight with a price target of $400.00 (from $250.00).

The analyst commented, "We believe that Dojo can add up to $500bn to Tesla's enterprise value,... More

Stellantis (STLA) to expand battery capacity to meet EV demand

The head of global propulsion systems at Stellantis (NYSE: STLA) announced Friday the company's intention to increase its battery production capacity to 400 GWh in order to meet the rising demand for electric vehicles.

"We have already announced about 250 gigawatt hours of capacity around the world. We believe... More

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

Tesla (TSLA) nearly doubles Chinese market share in August

Deep 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

Stellantis (STLA) offers 14.5% wage increase to UAW's hourly workers

Chrysler-Dodge parent Stellantis (NYSE: STLA) revealed Friday that the Detroit automaker has proposed a 14.5% wage increase over a four-year period to U.S. hourly workers as part of its offer to the United Auto Workers (UAW) union, just prior to the contract's September 14 expiration date.

The proposed wage increase falls significantly short of the union's demand for a 46% salary raise. The UAW has declared that 97% of its... More

Stellantis (STLA) North America COO Issues Letter to Employees Regarding the Company's First Economic Proposal to the UAW

This has been a really good week at the bargaining table. We have made tremendous progress on hundreds of issues at the subcommittee level and I'm proud of the work our team has accomplished to get us to this point.

Today, we took an important next step in this process by presenting the UAW with our first economic proposal.

From the start of these negotiations, we have said we're committed to fairly rewarding you for your hard work and... More

Wells Fargo sees looming risk for Detroit 3; 'The strike will be temporary, but the labor concessions are permanent'

Wells Fargo remains underweight on Ford (NYSE: F) and General Motors (NYSE: GM) as they continue to see significant risks for the OEMs heading into the expiring UAW contract, which expires on September 14th.

We expect a D3-wide strategic or "bottleneck" strike vs. national strike. This would shut down most D3 production without drawing on the strike fund. Writes analyst, Colin Langan

The strike will be temporary, but the labor concessions are permanent. He added.

Wells Fargo's primary scenario anticipates a strike lasting approximately 45 days involving... 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

We continue to see significant risks for the OEMs heading into the expiring UAW contract EV - Wells Fargo

Wells Fargo analyst Colin Langan: "We continue to see significant risks for the OEMs heading into the expiring UAW contract. We update our analysis for Ford's & GM's UAW proposals and address emerging investor questions. We remain UW GM & F."

General Motors (GM) option implied volatility into union contracts expiration

General Motors (NYSE: GM) 30-day option implied volatility is at 32; compared to its 52-week range of 27 to 60 into their current union contracts end on September 14.

Ford Motor (F) 30-day option implied volatility at 28

Ford Motor (NYSE: F) 30-day option implied volatility is at 28; compared to its 52-week range of 27 to 588 into their current union contracts end on September 14.

Stellantis (STLA) option IV into contract expiration

Stellantis (NYSE: STLA) 30-day option implied volatility is at 30; compared to its 52-week range of 23 to 423 into their current union contracts end on September 14.

Stellantis NV (STLA:IM) (STLA) PT Lowered to EUR21 at Berenberg

Berenberg analyst Adrian Yanoshik lowered the price target on Stellantis NV (STLA:IM) (NYSE: STLA) to EUR21.00 (from EUR22.00) while maintaining a Buy rating.... 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