General Motors shares rebound, ending three-day losing streak

Britain keeps timeline for 2035 fossil fuel Car phase-out despite delay

Britain revealed Thursday that the country will continue with its previous timetable to eliminating fossil fuel-burning cars by 2035, mitigating the consequences of last week's five-year delay, which now mandates that petrol and diesel vehicles must incorporate hybrid engines.

This announcement means that the policy shift introduced last week by Prime Minister Rishi Sunak's will not generate as much disruption to the industry as manufacturers had... More

Tesla (TSLA) trial concerning an autopilot death begins in California

The first U.S. trial over allegations that Tesla's (NASDAQ: TSLA) Full Self-Driving (FSD) autopilot technology factored into to the death of a Tesla driver in a fatal accident. The outcome of this trial has the potential to establish important legal precedents for similar cases nationwide.

Taking place in a California state court, this trial is the result of a civil lawsuit alleging that the Autopilot system was responsible for causing Micah Lee's Model 3 to abruptly deviate from a highway just east of Los Angeles,... More

UAW warns of expanded strikes if progress isn't made by Friday

As the United Auto Workers (UAW) union enters its 14th day of striking against the Detroit 3 automakers (GM, Ford, Stellantis), reportd have surfaced that the union may announce extended strikes if progress in negotiations hasnt been made by 10 a.m. on Friday.

The new deadline set by the union follows the UAW's decision to extend its initial strike actions against GM and Stellantis to include 38 more parts and distribution facilities, one week... More

Lucid (LCID) opens EV factory in Saudi Arabia

Electric automaker, Lucid Group (NASDAQ: LCID) announced Wednesday the opening of the companys first international manufacturing plant. The facility is located in Saudi Arabia's Jeddah city and was constructed under a deal designed to help boost the Middle Eastern country's transition to... More

Morgan Stanley observes the UAW strike as Tesla (TSLA) influence 'looms larger that it appears'

Morgan 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

Tesla (TSLA) is subject to EU Chinese anti-subsidy probe

The Financial Times reports Tuesday morning that Tesla (NASDAQ: TSLA), along with other European carmakers exporting from China, will be part of a probe by the EU into whether the country's electric vehicles industry is receiving unfair subsidies.

EU executive vice-president Valdis... More

Baird reiterates Outperform on Tesla (TSLA) as EV maker is 'best positioned among its peers'

Baird reiterated their Outperform rating on Tesla (NASDAQ: TSLA) with a $300.00 price target on the stock as analyst, Ben Kallo continues to believe the electric automaker is the best positioned among its peers and recommends the company as a top pick for... More