Ford, BP, Tesla, Moderna rise premarket; Spirit Airlines, Nio fall

Morgan Stanley Positive on NIO (NIO); 'Putting the final piece of NT2.0 upgrade into place'

Morgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $18.70 price target on NIO (NYSE: NIO)

The analyst comments "On Sep 15, NIO officially showcased NT2.0 EC6 with a starting price of Rmb358k (with 75kWh battery) vs. the old version's Rmb396k, largely in... More

Detroit 3 fall as UAW begins strike

The stock prices of Detroit automakers General Motors (NYSE: GM) and Ford (NYSE: F) have declined in pre-market trading Friday, while Stellantis (NYSE: STLA) has seen a slight increase. This shift in stock prices follows reports of an impending walk-out and strike by the United Auto Workers (UAW) union against the Big Three companies.

Before the September 14th deadline at 11:59 pm ET, negotiations between the UAW and the management teams of Ford, General Motors, and Stellantis failed to reach an agreement on... More

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

Watch these three China EV stocks as EU probe takes shape

The European Union announced this week that they have opened an investigation into subsidies for China EVs, with European Commission President Ursula von der Leyen accusing China of flooding global markets with electric cars with artificially low prices due to huge state subsidies.

Hong Kong-listed shares of market leader BYD fell more than 3% on the news. Shares of Nio (NYSE: NIO) traded down more than 4% on the NYSE, Wednesday, with XPeng (NYSE:... 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

Morgan Stanley Reiterates Top Pick on Amazon.com (AMZN)

Morgan Stanley analyst Brian Nowak reiterated an Overweight rating and $175.00 price target on Amazon.com (NASDAQ: AMZN).

The analyst comments "We detail 3 levers of improving NA retail profitability (fulfillment/shipping, content spend, merch margins) to drive '25 margins back to '19 levels and... 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