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

Tesla (TSLA) confirms battery cell milestone

October 11, 2023 3:24 PM EDT

Electric vehicle giant, Tesla (NASDAQ: TSLA) announced on "X", formerly Twitter, Wednesday that the automaker has reached a new 4680 battery cell production milestone as it built its 20 millionth cell at Gigafactory Texas.

In only four months, Tesla managed to double its overall count of... More

Idra builds gigapress casting machine for Ford (F) and Hyundai

October 11, 2023 9:52 AM EDT

Idra, a manufacturer of aluminum casting machines in Italy and a supplier to Tesla (NASDAQ: TSLA), has expanded its customer roster to include Ford (NYSE: F), Hyundai, and a European company, reflecting the growing interest among automakers in... More

Tesla (TSLA) denies claims of health and safety risks at German plant

October 10, 2023 3:59 PM EDT

Tesla (NASDAQ: TSLA) on Tuesday firmly denied allegations made by a German union and recent media reports suggesting inadequate health and safety measures at its gigafactory near Berlin.

The company emphasized that safeguarding the well-being of its workers remains a... More

When will the 'iPhone moment' take place for battery tech?

October 10, 2023 12:31 PM EDT

Over the past 30 years, the world has witnessed significant progress in battery technology. Battery energy density has surged from 50Wh/kg to 350Wh/kg, marking an increase of 10Wh/kg per year.

This trajectory suggests that we are on the verge of a groundbreaking shift, with the potential to soon double current energy density levels to 700-800Wh/kg.

The most prominent hurdle facing battery progress is a lithium supply shortage, aggravated by a fivefold increase in demand projected by 2030. To counter this challenge, researchers are exploring alternative technologies, such as sodium-ion (Na-ion) batteries. While these... More

Jefferies cuts price target on Tesla (TSLA) as margin erosion casts doubts

October 10, 2023 8:50 AM EDT

Jefferies reiterated a Hold rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the stock after the electric automaker posted a decline in quarterly production and deliveries.

The decline in production was expected, as the company had closed several facilities to accommodate updates for the automakers Model 3 refresh.

However, the increased margin erosion in Q3 and the uncertain growth prospects for... More

Tesla workers in Germany join union as health and safety issues grow - union

October 9, 2023 10:26 AM EDT

By Victoria Waldersee

GRUENHEIDE, Germany (Reuters) - Tesla workers at the carmaker's Brandenburg plant are joining the IG Metall union in rising numbers over concerns around health, safety and overwork, the union said on Monday.

Lack of staff and inadequate safety provisions in the workplace were leading to a high number of accidents at work, and it was not rare that around 30% of workers were signed off sick, the union said in a statement.

Reuters was not able to independently verify the... More

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

October 9, 2023 9:58 AM EDT

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

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

October 9, 2023 8:44 AM EDT

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

Tesla (TSLA) PT Lowered to $260 at Wells Fargo

October 9, 2023 6:23 AM EDT

Wells Fargo analyst Colin Langan lowered the price target on Tesla (NASDAQ: TSLA) to $260.00 (from $265.00) while maintaining a Equal Weight rating.... More

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

October 6, 2023 3:06 PM EDT

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

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U.S. stocks are falling after September jobs came in stronger than expected

October 6, 2023 10:49 AM EDT

Investing.com -- U.S. stocks were falling after a stronger than expected monthly official jobs report, which could prompt the Federal Reserve to raise interest rates once more by the end of the year.

At 9:40 ET, the Dow Jones Industrial Average was down 189 points or 0.6%, while the S&P 500 was down 0.8% and the NASDAQ Composite was down 0.9%.

The main indices on Wall Street ended the prior session marginally in the red, and are set to mostly post losing weeks. The 30-stock Dow is on course to drop 1.2% this week,... More

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

October 6, 2023 10:26 AM EDT

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

October 6, 2023 10:02 AM EDT

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

Active options: TSLA AAPL NVDA AMD RIVN AMZN META GOOGL PBR AMC

October 6, 2023 9:54 AM EDT

Active options: TSLA AAPL NVDA AMD RIVN AMZN META GOOGL PBR AMC

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Pioneer, Disney, Virgin Galactic rise premarket; Exxon, Philips fall

October 6, 2023 8:16 AM EDT

Investing.com -- U.S. futures rose Friday, with investors awaiting the release of the key monthly jobs report for clues of future monetary moves by the Federal Reserve.

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

... More

Tesla stock falls on fresh price cuts in United States

October 6, 2023 5:41 AM EDT

Tesla (NASDAQ: TSLA) stock fell about 1.5% in premarket trading on Friday following the company's decision to once again reduce prices on some of its popular electric vehicles (EVs) in the United States.

The adjustments in pricing include the Model 3 sedan, which was lowered to $38,990... More

Tesla cuts US prices of Model 3, Y in push to meet delivery goal

October 5, 2023 10:40 PM EDT

By Urvi Manoj Dugar

(Reuters) -Tesla has cut U.S. prices of its Model 3 compact sedan and the Model Y SUV, ratcheting up its price war just days after the third-quarter deliveries of the world's most valuable automaker missed market expectations.

The latest cuts come as the company strives hard to deliver a record 476,000 vehicles in the last three months of 2023 to meet the annual target of handing over 1.8 million vehicles.

... More

SEC sues Elon Musk in Twitter purchase probe

October 5, 2023 5:14 PM EDT

Investing.com -- The U.S. Securities and Exchange Commission on Thursday sued Elon Musk on Thursday to force him to provide testimony in the agency's probe into his purchase of Twitter last year.

The SEC alleges that Musk failed to appear to provide testimony on a Sept.... More

SEC Investigating Musk Over 2022 Purchases Of Twitter Stock - Bloomberg

October 5, 2023 3:47 PM EDT

(Updated - October 5, 2023 3:51 PM EDT)

SEC Investigating Musk Over 2022 Purchases Of Twitter Stock - Bloomberg

SEC Discloses Probe Of Elon Musk In Court FilingSeeks To Force Musk To Comply With SubpoenaSEC Says Musk Failed To Appear For Testimony Last Month... More

Tesla engineer defends 'Full Self-Driving' name at crash trial

October 5, 2023 3:09 PM EDT

By Dan Levine and Hyunjoo Jin

SAN FRANCISCO (Reuters) - A Tesla engineer in court on Wednesday rejected a lawyer's suggestion that the company named its driver-assistant feature "Full Self-Driving" because it wanted people to believe that its systems had more abilities than was really the case.

The electric-vehicle maker is defending itself at the first U.S. trial over allegations that Tesla's Autopilot feature led to a death. The lawsuit, filed in a California state court, alleges the Autopilot system caused owner Micah Lees Model 3 to suddenly veer off a highway east of Los Angeles... More

Active options: TSLA NVDA AAPL RIVN AMD AMZN META BAC AMC

October 5, 2023 2:10 PM EDT

Active options: TSLA NVDA AAPL RIVN AMD AMZN META BAC AMC

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

October 5, 2023 1:54 PM EDT

Tesla (NASDAQ: TSLA) received news Thursday morning that Hyundai and Kia have decided to embrace the North American Charging Standard (NACS) for their electric vehicles in the United States and Canada.

This move makes them the latest additions to a growing list of companies making the transition, following Honda's decision to adopt NACS in... More

NHTSA holds public hearing to recall 52M air bag inflators

October 5, 2023 1:46 PM EDT

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

October 5, 2023 11:06 AM EDT

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

... More

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

October 5, 2023 9:47 AM EDT

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

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