Stellantis (STLA) call put ratio 1 call to 3.4 puts as share price down 1.6%
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Morgan Stanley observes the UAW strike as Tesla (TSLA) influence 'looms larger that it appears'
September 27, 2023 11:05 AM EDTMorgan Stanley remains bullish on Tesla (NASDAQ: TSLA) with an Outperform rating and a $400.00 price target on their Top Pick as the UAW continues to strike against the auto industry.
Morgan Stanley sees the UAW strike of 2023 as very similar to the 2019 strike against General Motors (NYSE: GM), but with a significant difference. Last time there was no viable alternative to domestic auto production outside of the Detroit 3 (GM, Ford, Stellantis).
In 2019, when the UAW went on strike for a grueling six weeks, Tesla (NASDAQ:... More
Unifor sets their sights on GM as next bargaining 'target'
September 25, 2023 2:57 PM EDTCanadian union Unifor wasted no time in setting its sights on the next bargaining challenge, announcing General Motors (NYSE: GM) as its second "target" in contract talks with the Detroit Three. This strategic move comes just a day after the union successfully ratified a new... More
EU ministers reach compromise on vehicle emission regulations
September 25, 2023 2:37 PM EDTEuropean Union ministers reached a consensus on Monday to modify a European Commission proposition concerning new vehicle regulations. The decision came after eight countries, including France and Italy, expressed concerns that the proposed changes might redirect investments away from the electric vehicle industry.
The European Union has been progressively tightening emissions standards for road vehicles since 1992. The Commission's... More
