Lucid (LCID) opens EV factory in Saudi Arabia

Tesla (TSLA) Semi covers over 1,000 miles in a single day

September 29, 2023 2:46 PM EDT

A PepsiCo Tesla Semi successfully travelled over 1,000 miles during a single working day, as documented by the monitoring devices integrated into the vehicle as part of the North American Council for Freight Efficiency (NACFE) Run On Less initiative. A program designed to assess the practical efficiency of zero-emission commercial trucks.

The truck identified as "Tesla 3" recorded a total mileage of 1,076 miles during its journey and completed only one delivery.

As per the... More

U.S. agency files lawsuit against Tesla (TSLA) alleging harassment of black factory workers

September 29, 2023 10:29 AM EDT

A U.S. civil rights agency initiated a lawsuit against Tesla Inc (NASDAQ: TSLA), Thursday, alleging that the electric car manufacturer has allowed persistent harassment against Black workers at its assembly plant in Fremont, California.

The U.S. Equal Employment Opportunity Commission (EEOC) has asserted that, from 2015 to the present, Black employees working at the Tesla plant have been consistently exposed to offensive racial slurs and defacement,... More

Analysts cut 3Q delivery estimates on Tesla (TSLA)

September 29, 2023 8:46 AM EDT

Shares of Tesla (NASDAQ: TSLA) are up in pre-market trading Friday despite estimates being cut by analysts from three different firms today.

Citi reiterated a Neutral rating and $278 price target on the electric automaker ahead of the companys 3Q delivery report.

Citi analysts cut delivery estimates for the companys 3Q to 450k from 468.5k, leading to a reduced EPS estimate of $0.75 from $0.81. The updated estimates reflect... More

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

September 28, 2023 4:07 PM EDT

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

September 28, 2023 1:58 PM EDT

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

September 28, 2023 11:51 AM EDT

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

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

September 27, 2023 11:05 AM EDT

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

Lucid opens first international EV factory in Saudi Arabia

September 27, 2023 10:22 AM EDT

(Reuters) - Electric-vehicle maker Lucid Group said on Wednesday it had opened its first international manufacturing plant in Saudi Arabia's Jeddah city, under a deal designed to further the Middle Eastern country's electrification push.

Lucid announced plans for the Jeddah factory last year and said the kingdom had signed an agreement to buy up to 100,000... More

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September 27, 2023 9:48 AM EDT

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Tesla (TSLA) influence on UAW stike 'looms larger that it appears' - Morgan Stanley

September 27, 2023 9:39 AM EDT

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $400.00 price target on Tesla (NASDAQ: TSLA) after weighing in on the UAW strike at the big 3 U.S. automakers and Tesla.

The analyst commented, "The biggest difference between the UAW strike of 2023 vs... More

Lucid Group (LCID) Opens Car Manufacturing Facility in Saudi Arabia

September 27, 2023 9:01 AM EDT

Lucid Group, Inc. (NASDAQ: LCID), setting new standards for the luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, has officially opened the first-ever car manufacturing facility in Saudi Arabia. As Lucid's second Advanced Manufacturing Plant (AMP-2) and first international plant, the facility will produce Lucid's groundbreaking electric vehicles for Saudi Arabia and export to other markets.

The AMP-2 facility received significant support from the Ministry... More

Deutsche Bank cuts Tesla (TSLA) Q3 estimates and warns that 2024 is 'at much larger risk'

September 27, 2023 5:54 AM EDT

Tesla's (NASDAQ: TSLA) Q3 deliveries and production figures could miss Street expectations, primarily due to global plant downtime for upgrades and Project Highland, according to Deutsche Bank analyst Emmanuel Rosner.

The analyst lowered Q3 delivery estimates to 440,000 units, a 6% sequential decrease from the previous estimate of 455,000 units.

Looking at 2024, however, we see considerable downside... More

Tesla (TSLA) PT Lowered to $285 at Deutsche Bank

September 27, 2023 3:33 AM EDT

Deutsche Bank analyst Emmanuel Rosner lowered the price target on Tesla (NASDAQ: TSLA) to $285.00 (from $300.00) while maintaining a Buy rating.... More

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September 26, 2023 3:27 PM EDT

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Tesla's (TSLA) Musk: 40% pay raise and 32 hour workweek sure way to drive GM, Ford and Chrysler bankrupt in fast lane

September 26, 2023 2:20 PM EDT

Tesla's (NASDAQ: TSLA) Musk: 40% pay raise and 32 hour workweek sure way to drive GM, Ford and Chrysler bankrupt in fast lane

They want a 40% pay raise *and* a 32 hour workweek. Sure way to drive GM, Ford and Chrysler bankrupt in the fast lane.

Elon Musk (@elonmusk) September 26, 2023

... More

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

September 26, 2023 10:55 AM EDT

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'

September 26, 2023 10:10 AM EDT

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

Active options: TSLA AAPL NVDA AMZN AMD META MSFT RIVN NIO

September 26, 2023 9:51 AM EDT

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

September 26, 2023 8:09 AM EDT

Investing.com -- U.S. futures fell Tuesday, with investors dealing with the fallout from the Federal Reserve's hawkish policy update last week as well as a potential government shutdown.

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

Tesla (NASDAQ: TSLA) stock fell... More

Baird Notes Confusion Around Tesla (TSLA) Q3 Deliveries

September 26, 2023 7:39 AM EDT

(Updated - September 26, 2023 7:39 AM EDT)

Baird analyst Ben Kallo reiterated an Outperform rating and $300.00 price target on Tesla (NASDAQ: TSLA) after launching their delivery times and ASP tracker for Q3. The analyst said planned factory downtime and questions regarding demand have created... More

Tesla (TSLA) facing EU anti-subsidy probe over China exports; Shares dip

September 26, 2023 6:10 AM EDT

Tesla (NASDAQ: TSLA) and other European car manufacturers that export vehicles from China to the European Union (EU) will be included in the EU's investigation into whether China's electric vehicle industry is benefiting from unfair subsidies, according to the Financial Times.... More

Tesla to face EU anti-subsidy probe over China exports- FT

September 26, 2023 5:52 AM EDT

(Reuters) - Tesla and European carmakers that export from China to the EU will be part of the bloc's probe into whether the country's electric vehicles industry is receiving unfair subsidies, the Financial Times reported on Tuesday, citing Brussels' most senior trade official.

(Reporting by Shivani Tanna in... More

Tesla (TSLA) to face EU anti-subsidy probe over China exports - FT

September 26, 2023 5:51 AM EDT

(Updated - September 26, 2023 5:52 AM EDT)

Tesla (TSLA) to face EU anti-subsidy probe over China exports - FT

Tesla and European carmakers that export from China to the EU will be part of the bloc's probe into whether the country's EV industry is receiving unfair... More

General Motors shares rebound, ending three-day losing streak

September 26, 2023 5:43 AM EDT

General Motors Co (NYSE: GM). saw its shares rise by 1.47% to $33.06 on Monday, marking an end to the company's three-day losing streak. The positive trading session also extended to the broader market, with the S&P 500 Index climbing 0.40% to reach 4,337.44 and the Dow Jones... More

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September 25, 2023 3:03 PM EDT

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EU ministers reach compromise on vehicle emission regulations

September 25, 2023 2:37 PM EDT

European 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

Tesla (TSLA) 30-day option implied volatility below 60

September 25, 2023 10:43 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 57; compared to its 52-week range of 42 to 96.

... More

Global Equities Research Sees 'Monstrous' Q4 for Tesla (TSLA)

September 25, 2023 9:49 AM EDT

Global Equities Research analyst Trip Chowdhry reiterated an Overweight rating and $350.00 price target on Tesla (NASDAQ: TSLA), saying they expect a "monstrous" Q4 from the EV maker.

The analyst commented:

In 3Q'2023, the Fremont Factory shutdown was likely for only... More

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September 25, 2023 9:44 AM EDT

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