Hyundai and Kia to adopt Tesla (TSLA) NACS charging connection

An increasing number of German Tesla (TSLA) workers join union

Reuters reports Monday that Tesla (NASDAQ: TSLA) employees at the Brandenburg factory are increasingly becoming members of the IG Metall union due to growing apprehensions regarding health, safety, and excessive work demands.

Union representatives met with workers at various locations including the factory entrances, nearby train platforms, and within the factory itself on Monday. They distributed stickers that said "Together for safe and fair... More

Wells Fargo cuts price target on Tesla (TSLA) ahead of 3Q earnings report

Wells Fargo reiterated an Equal Weight rating on Tesla, Inc. (NASDAQ: TSLA) and cut their 12-month price target on the stock to $260.00 (From $265.00) ahead of the electric automakers 3Q report scheduled for October 18th.

The company announced third-quarter deliveries of 435,000 vehicles, which fell approximately 20,000 units short of the consensus estimate. Management attributed this shortfall to plant downtime during the Model 3... More

U.S. releases new guidance on EV tax credit rebate rules

The U.S. Treasury Department has issued fresh guidelines on Friday, outlining updated regulations that make it simpler for individuals to recover costs associated with electric vehicle purchases using the existing EV tax incentives.

Beginning on January 1, consumers will have the option to transfer these credits directly to a car dealership, effectively reducing the purchase price for the vehicle. This change is expected to potentially boost EV... More

Morgan Stanley suggests keeping an eye on these top auto tech stocks

The automotive industry is undergoing a transformative shift towards the Software-Defined Vehicle (SDV) era, where vehicles are becoming more reliant on sophisticated software systems. This paradigm shift, fueled by an anticipated additional $15 billion semiconductor investment over the next 5-6 years, has captured the attention of investors and industry insiders alike.

SDVs represent a monumental departure from traditional automotive design. These vehicles leverage advanced software to automate an expanding array of services and applications within the vehicle, creating a high-tech marvel on wheels.

Tesla (NASDAQ: TSLA) is undeniably the trailblazer of... More

NHTSA holds public hearing to recall 52M air bag inflators

Officials from the U.S. National Highway Traffic Safety Administration (NHTSA) Thursday recommended the government mandate a recall of 52 million air bag inflators manufactured by ARC Automotive and Delphi Automotive.

The regulators believe the inflators pose a potential risk of rupturing and ejecting metal fragments.

The NHTSA held a rare public hearing on the matter, which could trigger one of the most extensive recalls in U.S. history.

Delphi Automotive, which is a part of Autoliv (NYSE: ALV), produced approximately 11 million of these... More

Tesla (TSLA) option implied volatility steady

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 55; compared to its 52-week range of 42 to 96.

Active options: TSLA RIVN NVDA AAPL AMD AMZN META BAC XOM MARA

Active options: TSLA RIVN NVDA AAPL AMD AMZN META BAC XOM MARA

Judge denies re-trial in Tesla (TSLA) racial harassment case

U.S. District Judge William Orrick, on Wednesday ruled against ordering a third trial in a race discrimination lawsuit filed against Tesla (NASDAQ: TSLA).

The decision came in response to allegations made by a former Black factory worker, who claimed that the... More

Active options: TSLA AAPL NVDA AMZN PLTR MSFT AMD META

Active options: TSLA AAPL NVDA AMZN PLTR MSFT AMD META

China criticizes EU following formal launch of EV subsidy probe

China raised concerns on Wednesday about the very limited time it was given by the European Union for talks regarding the EU's investigation into subsidies for electric vehicles.

These comments came as the European Commission officially started looking into whether to impose tariffs to shield EU manufacturers from a flood of cheaper Chinese electric vehicles that are believed to benefit from state subsidies.

The... More

Warren Buffet-backed BYD closing in on Tesla (TSLA) EV sales

Tesla's (NASDAQ: TSLA) underwhelming third-quarter delivery figures have opened a door for its nearest competitor, BYD, the Chinese electric vehicle juggernaut backed by Warren Buffett's Berkshire Hathaway, to potentially claim the top spot in the electric car market rankings.

Last quarter, Tesla managed to sell... More

Tesla (TSLA) option IV flat

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 56; compared to its 52-week range of 42 to 96.

Tesla (TSLA) brings back rear-wheel Model Y at discounted price

Tesla Inc. (NASDAQ: TSLA) has reintroduced the rear-wheel-drive version of its Model Y crossover in the United States, following a third-quarter delivery report that didn't meet Wall Street's projections.

The Model Y, introduced for deliveries in March 2020, remains the top-selling model for the... More

Active options: TSLA NVDA AAPL AMZN BA AMD PLTR MARA META INTC

Active options: TSLA NVDA AAPL AMZN BA AMD PLTR MARA META INTC

Tesla (TSLA) PT Lowered to $243 at Truist Securities

Truist Securities analyst William Stein lowered the price target on Tesla (NASDAQ: TSLA) to $243.00 (from $254.00) while maintaining a Hold rating.... More

3 analysts discuss Tesla stock and earnings setup after weak Q3 deliveries

Yesterday, Tesla (NASDAQ: TSLA) reported a total Q3 production of 430,488 vehicles and deliveries of 435,059 EV units.

To provide context, during the second quarter, Tesla had reported total deliveries of 466,140 and total vehicle production of 479,700. In the same period in the previous year, Tesla's total vehicle production was 365,923, with deliveries amounting to 343,830.

During the company's previous earnings call in July, CEO Elon Musk had indicated a target of 1.8 million vehicle deliveries for the full year but expected a slight decline in third-quarter production due to factory upgrades following summer shutdowns.

A... More

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

Tesla (TSLA) PT Lowered to $252 at Goldman Sachs

Goldman Sachs analyst Mark Delaney lowered the price target on Tesla (NASDAQ: TSLA) to $252.00 (from $265.00) while maintaining a Neutral rating.... More