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

Tesla (TSLA) will offer increased pay to employees at German facility

October 12, 2023 3:28 PM EDT

Electric vehicle giant, Tesla (NASDAQ: TSLA) announced Thursday that company plans to increase the pay for its workers at its facility in Germany, where unions have said they earn below the industry average.

The company plans to disclose the exact details of the pay raise... More

Auto report shows surge in EV sales as Tesla's (TSLA) market share shrinks

October 12, 2023 2:24 PM EDT

According to a report from Cox Automotive released on Thursday, 3Q saw a notable surge in electric vehicle sales, surpassing 300,000 units in the United States. However, Tesla (NASDAQ: TSLA), the dominant player in the industry, experienced a drop in its market share to its lowest point on record.

Tesla's market dominance has shrunk to 50%, down from the 62% the company commanded in the 1Q.

This shift occurred despite... More

Tesla (TSLA) ad spotted at international airport

October 12, 2023 10:07 AM EDT

Tesla (NASDAQ: TSLA) has refrained from spending money on advertising in the past and has only recently indicated plans to test the ad waters earlier this year. However, since the announcement of the automakers intent to promote its cars, several of the company's advertising campaigns have started to appear in... More

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

SEC Probes Twitter Security Lapse Before Elon Musk Took Over - Bloomberg

October 10, 2023 1:35 PM EDT

(Updated - October 10, 2023 1:42 PM EDT)

SEC Probes Twitter Security Lapse Before Elon Musk Took Over - Bloomberg

The Securities and Exchange Commission is investigating how Twitter managed a 2018 security lapse that exposed personal user information.The agency has been scrutinizing whether the former top executives failed... 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

Tesla (TSLA) option implied volatility steady as share price up 2%

October 10, 2023 10:04 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 52; compared to its 52-week range of 42 to 96 as share price up 2%.

... More

Active options: TSLA PLTR AAPL NVDA AMZN AMD META RIVN

October 10, 2023 9:50 AM EDT

Active options: TSLA PLTR AAPL NVDA AMZN AMD META RIVN

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Tesla (TSLA) Builds A New Home For 'Dojo' Supercomputer As AI Ambitions Rise - The Information

October 10, 2023 9:09 AM EDT

Tesla (NASDAQ: TSLA) Builds A New Home For 'Dojo' Supercomputer As AI Ambitions Rise - The Information

a new bunkerlike structure is under construction that could one day help move the company beyond electric vehicle manufacturing.... 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 (TSLA) PT Lowered to $266 at UBS

October 10, 2023 7:15 AM EDT

UBS analyst Joseph Spak lowered the price target on Tesla (NASDAQ: TSLA) to $266.00 (from $290.00) while maintaining a Neutral rating.... More

Stock Market Today: Dow up despite Israel-Hamas war as Fed members signal caution

October 9, 2023 4:58 PM EDT

Investing.com -- The Dow closed higher Monday, as investors bought the early-day weakness after weighing up a more cautious tone rate hike from Federal Reserve officials and rising geopolitical tensions amid fears the Israel-Hamas conflict.  

The Dow Jones Industrial Average rose 0.5%, 197 points, Nasdaq rose 0.3% and the S&P 500 rose 0.6%.

Federal Reserve officials signal caution on further rate hikes

Federal Reserve officials including Fed Vice Chair Philip Jefferson and Dallas Fed president Lorie Logan struck a caution tone on the need for further rate hikes, indicating that the recent climb in Treasury yields, which has... More

Tesla (TSLA) PT Lowered to $250 at Jefferies, 'Not Quite Feeling the Need for Speed'

October 9, 2023 4:01 PM EDT

(Updated - October 10, 2023 5:45 AM EDT)

Jefferies analyst Philippe Houchois lowered the price target on Tesla (NASDAQ: TSLA) to $250.00 (from $265.00) while maintaining a Hold rating.

The analyst comments "In the last few months, tracking Tesla fundamentals has felt a bit like... More

S&P 500 cuts losses despite rising geopolitical tensions amid Israel-Hamas war

October 9, 2023 2:58 PM EDT

Investing.com -- The S&P 500 climbed Monday, after cutting losses despite rising geopolitical tensions amid fears the Israel-Hamas conflict could spark a wider war in the Middle East.  

The S&P 500 rose 0.6%, the Dow Jones Industrial Average rose 0.5%, 162 points, Nasdaq rose 0.4%.

Escalating Israel-Hamas conflict fuels jitters

Following the surprise Hamas attack on Israel, and subsequent declaration of war by Israel, geopolitical tensions in the Middle-East dominated investor attention and briefly kept a lid on their appetite for risk.

The escalating conflict comes just as optimism was building that... More

Active options: TSLA PLTR NVDA AMZN META AAPL AMD

October 9, 2023 1:31 PM EDT

Active options: TSLA PLTR NVDA AMZN META AAPL AMD

... More

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

October 9, 2023 11:25 AM EDT

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

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