Tesla, United Natural Foods, Snap fall premarket; Fisker, DraftKings rise

Citi Updates Deliveries Estimate on Tesla (TSLA): 'Our Q3 delivery estimate is reduced to 450k from 468.5k'

Citi analyst Itay Michaeli reiterated a Neutral rating and $278.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "Ahead of Teslas Q3 vehicle delivery release, were updating our model to reflect latest available datapoints. Our Q3 delivery estimate is... More

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

DraftKings Inc. (DKNG) Mentioned Positively

Argus analyst John Eade reiterated a Buy rating and $34.00 price target on DraftKings Inc. (NASDAQ: DKNG).

The analyst comments "We are maintaining our BUY rating on DraftKings Inc. (NGS: DKNG) with a target price of $34. Reflecting the... 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

Snap (SNAP) to shut down recently launched business-focused AR unit

Snap (NYSE: SNAP) is said to be shutting down its unit focused on creating augmented reality services for businesses, according to a Bloomberg report on Wednesday.

The company is reportedly pulling the plug on its attempt to diversify the company, with the ARES (short for augmented... 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

Fisker (FSR) soars as company announces expanded deliveries

Shares of Fisker Inc. (NYSE: FSR) soared as much as 14% in early trading Tuesday morning after the electric automaker announced that it expects to ramp deliveries of the Ocean to 300 vehicle per day. As of September 26, 2023, the electric vehicle manufacturer has successfully produced... 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

Bank of America restarts Fisker (FSR) at Buy

Bank of America (BoA) reinstated coverage of Fisker Inc. (NYSE: FSR) with a Buy rating and set a 12-month price target of $8.00 on the automotive stock. According to analyst John Babcock, Fisker is poised for robust growth, driven by significant trends within the automotive industry and the recovery of the global auto sector. Nonetheless, the competitive landscape is intense, and the ability of companies like Fisker to maintain their technological superiority and offer compelling products will be pivotal for their... More