Tesla (TSLA) achieves a breakthrough in affordable EVs

Musk denies WSJ report on potential Tesla (TSLA) factory in Saudi Arabia

September 18, 2023 2:08 PM EDT

Tesla CEO Elon Musk took to his social media platform X to deny a recent report from The Wall Street Journal which suggested that his electric vehicle company, Tesla (NASDAQ: TSLA) and the kingdom of Saudi Arabia are in early discussions for a potential factory in the country. In the post, Musk noted that the report was another utterly false article from the... More

Will the EU postpone Brexit tariffs on EVs?

September 18, 2023 1:45 PM EDT

The European Union is hesitant to grant Britain's request for a postponement of impending tariffs on electric vehicle sales, as indicated by the United Kingdom's automotive industry association on Monday. Despite this, car manufacturers maintain a positive outlook, believing that a delay in implementing these tariffs can still be negotiated.

As per the terms of the Brexit trade agreement, starting in January, the... More

Goldman Sachs cuts estimates on Tesla (TSLA) following demand analysis

September 18, 2023 8:24 AM EDT

Considering the persistent attention from investors on the broader economic context and the demand for electric vehicles, Goldman Sachs conducted an analysis of the most recent indicators related to automotive demand.

The findings revealed that year-to-date sales have shown year-on-year growth across all three regions.

Year-to-date, sales in the United States have surged by 14% compared to the previous year, and in August, they experienced a remarkable 17% year-on-year increase. Meanwhile, in Europe, sales... More

Tesla (TSLA) in early talks to enter Saudi Arabia

September 18, 2023 7:15 AM EDT

The Wall Street Journal reports Monday morning, citing unnamed sources, that electric vehicle giant, Tesla (NASDAQ: TSLA) has entered talks with Saudi Arabia about setting up a manufacturing facility in the country.

The discussions are in their initial phases and any potential agreement might face significant challenges due to the tense association between Tesla's CEO, Elon Musk, and the Saudi officials, as well as the kingdom's current collaboration with... More

Tesla (TSLA) in early talks to enter Saudi Arabia

September 18, 2023 7:15 AM EDT

The Wall Street Journal reports Monday morning, citing unnamed sources, that electric vehicle giant, Tesla (NASDAQ: TSLA) has entered talks with Saudi Arabia about setting up a manufacturing facility in the country.

The discussions are in their initial phases and any potential agreement might face significant challenges due to the tense association between Tesla's CEO, Elon Musk, and the Saudi officials, as well as the kingdom's current collaboration with... More

Tesla (TSLA) option IV steady as share price near three-month high

September 14, 2023 10:21 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 50; compared to its 52-week range of 42 to 96 amid United Auto Workers contract negotiations.

... More

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

September 13, 2023 2:28 PM EDT

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

September 13, 2023 2:11 PM EDT

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

Active options: TSLA AAPL NVDA AMZN AMD AMC NFLX ORCL F MSFT

September 13, 2023 1:42 PM EDT

Active options: TSLA AAPL NVDA AMZN AMD AMC NFLX ORCL F MSFT

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

September 13, 2023 12:37 PM EDT

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

Tesla shows interest in Sunrise New Energy's battery components

September 13, 2023 11:07 AM EDT

(Reuters) - Battery components maker Sunrise New Energy said on Wednesday that it had received interest for its products from electric vehicle maker Tesla Inc.

Sunrise shares rose as much as 11% to $1.87 in morning trade.

The China-based company, through its joint venture, manufactures and sells graphite anode... More

Tesla (TSLA) option IV amid United Auto Workers contract negotiations

September 13, 2023 10:13 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 50; compared to its 52-week range of 42 to 96 amid United Auto Workers contract negotiations.

... More

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

September 13, 2023 10:12 AM EDT

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

Active options: TSLA AAPL NVDA AMZN F ORCL META AMD

September 13, 2023 10:02 AM EDT

Active options: TSLA AAPL NVDA AMZN F ORCL META AMD

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Tesla (TSLA) option implied volatility flat

September 13, 2023 9:45 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 51; compared to its 52-week range of 42 to 96.

... More

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

September 13, 2023 8:35 AM EDT

Investing.com -- U.S. futures traded marginally lower Wednesday, as investors cautiously awaited the release of consumer inflation data which could provide clues as to future Federal Reserve monetary policy.

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

Apple (NASDAQ: AAPL) stock fell 0.1% the day after the tech giant revealed four new iPhone models at its... More

Early Tesla Investor Ron Baron Now the Largest Investor In SpaceX; Guides Tesla Unit Growth of 25%-30%, 4-5x Growth in 7 Years - CNBC

September 13, 2023 7:16 AM EDT

(Updated - September 13, 2023 7:34 AM EDT)

Early Tesla Investor and Billionaire Fund Manager Ron Baron Says We Are The Largest Investor In SpaceX - CNBC

Baron says Tesla will be up 25-30% up in units.Says Tesla will be 4 to 5 times bigger in the next 7 years.
... More

India to draft new policy in push for EV investment, minister says

September 13, 2023 7:01 AM EDT

By Aditi Shah and Tanvi Mehta

NEW DELHI (Reuters) -India will come up with new policy to attract electric vehicle (EV) manufacturers and encourage greater investment in the sector, the commerce minister said on Wednesday.

Piyush Goyal's comments come as U.S. EV maker Tesla continues talks with Narendra Modi's administration on the possibility of building a factory in India.

... More

India Trade Minister: Tesla Plans To Source Components Worth $1.7-$1.9 Billion From India - Reuters

September 13, 2023 6:50 AM EDT

(Updated - September 13, 2023 6:52 AM EDT)

India Trade Minister: Tesla Plans To Source Components Worth $1.7-$1.9 Billion From India - Reuters

Tesla has already sourced parts worth $1 billion from India.... More

Morgan Stanley is adding to its position in Adobe (ADBE), removes Cisco (CSCO) position

September 13, 2023 5:51 AM EDT

Morgan Stanley strategist Daniel Skelly on changes the firm made to its US Model Portfolio.

"Adding a position in Adobe Inc. (ADBE) given its leading position in software for creative content as Generative AI tailwinds build. Removing Costco Wholesale Corp. (COST) due to full valuation and potential cyclical... More

UBS Assumes Tesla (TSLA) at Neutral, 'at current levels we'd wait for a better entry point'

September 13, 2023 3:31 AM EDT

(Updated - September 13, 2023 6:07 AM EDT)

UBS analyst Joseph Spak assumes coverage on Tesla (NASDAQ: TSLA) with a Neutral rating and a price target of $290.00 (from $270.00).

The analyst comments "We assume coverage of Tesla with a Neutral rating, $290 PT. Tesla is leveraging... More

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

September 12, 2023 3:25 PM EDT

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

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

September 12, 2023 3:08 PM EDT

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

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

September 12, 2023 2:20 PM EDT

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

September 12, 2023 11:26 AM EDT

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

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

September 12, 2023 9:58 AM EDT

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

... More

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

September 12, 2023 8:40 AM EDT

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

September 12, 2023 8:22 AM EDT

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

September 12, 2023 6:30 AM EDT

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

September 12, 2023 6:02 AM EDT

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