Tesla (TSLA) pushes US to adopt stricter fuel efficiency rules

Toyota (TM) adopts Tesla’s (TSLA) NACS

Toyota (NYSE: TM) announced Thursday, the Japanese automakers North American segment has reached an agreement with Tesla (NASDAQ: TSLA) to adopt the electric vehicle giants North American Charging Standard (NACS) connection for its battery electric vehicles... More

Stellantis (STLA) and Dongfeng to expand Chinese auto exports through asset transfer deal

China's Dongfeng Motor Group and Chrysler-parent Stellantis (NYSE: STLA) announced plans Thursday to boost their vehicle and component export operations through an asset sale, aiming to capitalize on the growing Chinese automotive sector.

In line with the asset transfer agreement, Dongfeng, a state-owned enterprise, will acquire land use-rights and buildings in... More

Tesla (TSLA) PT Lowered to $275 at Deutsche Bank

Deutsche Bank analyst Emmanuel Rosner lowered the price target on Tesla (NASDAQ: TSLA) to $275.00 (from $285.00) while maintaining a Buy rating.

The analyst comments "In the near term, we continue to believe worries over limited 2024 growth and expected drag from Cybertruck could dampen investor sentiment,... More

Chinas CATL reports severe drop in profit growth as EV demand weakens

China's CATL, the leading global battery manufacturer for electric vehicles (EV), announced on Thursday that its third-quarter profits had grown by 10.7%, representing the companys slowest quarter since the beginning of last year. Management attributes the slowdown to a combination of reduced demand and intensified competition.

This growth figure stands in stark contrast to the 63.2% profit increase in the previous quarter and the substantial 188.4% surge experienced in the third quarter of 2022.

Recent data revealed that CATL witnessed a decline... More

Tesla (TSLA) follows GM and Ford (F), slows EV ramp as demand drops

Tesla (NASDAQ: TSLA), on Wednesday, echoed the cautious approach of General Motors (NYSE: GM) and Ford (NYSE: F) towards expanding electric vehicle (EV) production capacity. The company cited economic uncertainties and emphasized concerns about a possible decline in demand.

Tesla CEO, Elon Musk voiced his apprehension about the... More

Citi cuts estimates on Tesla (TSLA) following 3Q miss

Citi reiterated a Neutral rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the electric automakers stock to $255.00 (From $271) following the companys 3Q earnings miss.

The company reported 3Q EPS of $0.66, missing the Streets $0.72 estimate by $0.06. Revenues came in... More

Tesla (TSLA) shares drop 7% in early trading

Shares of Tesla (NASDAQ: TSLA) dropped by more than 7% in pre-market trading Thursday morning. The drop comes as Wall Street analysts raise doubts about the company's capacity to sustain the exceptional growth that has distinguished the electric-vehicle maker from other automakers.

CEO Elon Musk, who last year referred to Tesla as "recession-resilient", expressed his concerns Wednesday about the potential effects of elevated interest rates on demand.

This unease follows the... More

JPMorgan Stays Underweight on Tesla (TSLA), PT $135, 'fraught with greater risk'

JPMorgan analyst Ryan Brinkman reiterated an Underweight rating and $135.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "

Our Underweight rating considers notable investment positives, including a highly differentiated business model, appealing product portfolio, and leading-edge technology, which we believe are more... More

Tesla (TSLA) PT Lowered to $380 at Morgan Stanley

Morgan Stanley analyst Adam Jonas lowered the price target on Tesla (NASDAQ: TSLA) to $380.00 (from $400.00) while maintaining a Overweight rating.

The analyst comments "Teslas 3Q results were below consensus, but the commentary on the analyst call is what set the tone for... More

Tesla (TSLA) PT Lowered to $267 at Canaccord, 'Managing through a changing interest rate regime'

Canaccord Genuity analyst George Gianarikas lowered the price target on Tesla (NASDAQ: TSLA) to $267.00 (from $293.00) while maintaining a Buy rating.

The analyst comments "It didnt have the same zip. A lot of talk about rising interest rates, a tough Cybertruck production slog ahead, and future cost... More

Tesla (TSLA) announces delivery event for Cybertruck

Tesla (NASDAQ: TSLA) announced Wednesday, through social media platform X, formally Twitter, that the electric vehicle giant will be holding a launch event for their long awaited Cybertruck electric pickup at the companys Gigafactory in Texas on November 30th of this... More

British minister ‘optimistic’ on finding solution to EV tariffs

On Wednesday, British Business Secretary Kemi Badenoch expressed strong confidence in finding a resolution for automakers to circumvent imminent tariffs on the trade of electric vehicles (EVs) with the European Union, stating that she was very optimistic about the prospects.

"We're regularly raising this with EU counterparts, and it is just simply the nature of trade negotiations and trade policy," said Badenoch during an even... More

Swedish metal union threatens to strike at Tesla (TSLA)

Members of Swedish metal workers union, IF Metall are threatening to call for a strike at all in all seven cities where Tesla (NASDAQ: TSLA) operates service centers due to salary and pension concerns.

Around 90 percent of employees are covered by a collective bargaining... More

Ford (F) announces management shuffle as UAW strikes continue

Ford Motor (NYSE: F), on Wednesday, revealed a restructuring of its management, appointing Kumar Galhotra, the head of the combustion vehicle unit, as the new chief operating officer.

This development comes despite the continued autoworkers strike showing scant indications of resolution.

Galhotra, formerly in charge of the Ford Blue unit responsible for gas and hybrid vehicles, will now oversee the global industrial system of the automaker.

Meanwhile, Andrew Frick, who previously handled sales and... More

Deutsche Bank continues to see downside risk for Tesla (TSLA) EPS (later today)

Analysts at Deutsche Bank Research continue to see downside risk for Tesla (NASDAQ: TSLA) ahead of the electric vehicles 3Q earnings report, scheduled to be released after the closing bell Wednesday.

Late last month, the research firm cut 3Q delivery estimates for the automaker to 440,000... More

NHTSA probes GM’s self-driving unit for pedestrian risk

On Tuesday, U.S. auto safety regulators initiated an investigation to determine whether General Motors' (NYSE: GM) self-driving division, Cruise, is adequately prioritizing safety measures for its autonomous robotaxis to protect pedestrians.

The National Highway Traffic Safety Administration (NHTSA) disclosed that it has received two reports from Cruise concerning incidents in which pedestrians were harmed.

Additionally, the NHTSA has identified two additional incidents... More

General Motors (GM) to delay EV truck production at Michigan plant

General Motors (NYSE: GM) revealed Tuesday that the Detroit automaker will delay the production of electric pickup trucks at its Orion Township, Michigan facility as the company deals with "evolving EV demand."

The latest move suggests that electric vehicle production and demand might not be as strong as previously expected. Ford Motor (NYSE: F) announced on Friday that it would temporarily cut... More

Ford Motor (F) Declares $0.15 Quarterly Dividend; 5% Yield

Ford Motor (NYSE: F) declared a quarterly dividend of $0.15 per share, or $0.6 annualized.

The dividend will be payable on December 1, 2023, to stockholders of record on November 1, 2023, with an ex-dividend date of October 31, 2023.

The annual yield on the dividend is 5 percent.

For... More

Tesla (TSLA) October option implied volatility into quarter results

Tesla (NASDAQ: TSLA) October call option implied volatility is at 79, November is at 51; compared to its 52-week range of 42 to 96 into the expected release of quarter results after the bell on October 18.

Tesla (TSLA) recalls 55K Model x EVs

The National Highway Traffic Safety Administration (NHTSA) announced Tuesday that Tesla (NASDAQ: TSLA) will be recalling 54,676 Model X vehicles produced from 2021 to 2023 due to a potential issue with the vehicle controller, which may not properly detect low brake fluid and subsequently fail to... More

U.S. stocks are falling after hotter than expected retail sales

Investing.com -- U.S. stocks were falling on Tuesday as third-quarter earnings season kicks into top gear amid retail sales numbers for September that came in stronger than expected. 

At 09:42 ET (13:42 GMT), the Dow Jones Industrial Average was down 60 points, or 0.2% while the S&P 500 was down 0.6% and the NASDAQ Composite was down 1%.

The main indices on Wall Street posted strong gains on Monday, with the 30-stock Dow gaining over 300 points, or 0.9%, while the benchmark S&P rose 1.1% and the tech-heavy Nasdaq climbed 1.2%.

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

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

U.S. Auto-Safety Regulators Investigate Cruise's Self-Driving Cars Over Pedestrian Risks - WSJ

U.S. Auto-Safety Regulators Investigate Cruise's Self-Driving Cars Over Pedestrian Risks - WSJ

Toyota (TM) extends temporary production pause until Wednesday

Toyota (NYSE: TM) announced Tuesday its decision to prolong a partial production pause at two of its domestic assembly plants until Wednesday. The extension comes in response to an incident at one of its supplier's facilities, as confirmed by a company representative.

An interruption at the Chuo Spring , responsible for producing engine and valve springs for vehicles, has... More

Barclays starts Stellantis (STLA) at Overweight, forecasting modest growth amidst challenges

Barclays initiated coverage of Stellantis (NYSE: STLA) with an Overweight rating and set their 12-month price target on the stock at EUR 22.50.

STLA ranks high among EU/US OEMs in terms of profitability, cash flow, dividends, and efficient use of capital, making it a favored choice for many investors. However, Barclays analysts believes that due to the overall lack of interest in the EU Auto sector, its position is relatively weak.

Barclays predicts a margin adjustment, decreasing from... More

Goldman, Bank of America, Johnson&Johnson rise premarket; Lockheed Martin falls

Investing.com -- U.S. futures slipped lower Tuesday, handing back some of the previous sessions gains as investors digest more influential quarterly earnings.

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

Goldman Sachs (NYSE: GS) stock rose 0.2% in volatile trade after the investment bank's profit came in better than expected in the third quarter, but was still weighed down by a writedown on its GreenSky fintech business and its investments in real... More

Goldman's results, U.S. retail sales, County Garden - what's moving markets

Investing.com --Goldman Sachs releases its latest quarterly results in difficult circumstances, while retail sales will provide clues of the health of the U.S. consumer. County Garden nears debt default, while oil markets look to Venezuela for potential supply. 

The quarterly corporate earnings store kicks into top gear this week, and influential investment bank Goldman Sachs (NYSE: GS) is in the firing line before the U.S. open later Tuesday.

A number of... More

Tesla to recall nearly 55,000 Model X vehicles, auto regulator says

(Reuters) - The U.S. auto regulator on Tuesday said Tesla will recall 54,676 Model X vehicles manufactured between 2021-2023, as the vehicle controller is likely to fail to detect low brake fluid and not display a warning light.

Tesla has released an over-the-air (OTA) software update, free of... More

Barclays Starts Stellantis NV (STLA:IM) (STLA) at Overweight

Barclays analyst Henning Cosman initiates coverage on Stellantis NV (STLA:IM) (NYSE: STLA) with a Overweight rating and a price target of EUR22.50.

Bank of America reports, Johnson&Johnson, retail sales: 3 things to watch

Investing.com -- Stocks surged on Monday as investors turned their attention to a wave of earnings reports from big banks, big tech firms such as Netflix (NASDAQ: NFLX), and Tesla (NASDAQ: TSLA) this week.

Investors will be listening to what company CEOs say about the state of the economy heading into the final months of the year, with... More

Ford (F) recalls 230K Explorer SUVs for rollaway risk

Ford is recalling certain 2020-2022 Ford (NYSE: F) Explorers due to the potential risk of rolling away if the parking brake is not engaged.

According to the National Highway Traffic Safety Administration, 238,364 vehicles are affected by this recall. The issue stems from a... More

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Active options: TSLA AAPL NVDA AMZN BAC MSFT AMD PLTR META SNAP MARA

Ford (F) calls for deal to end UAW strike

On Monday, Bill Ford, the Executive Chairman of Ford Motor Company (NYSE: F), appealed to the United Auto Workers union to cease their 32-day strike and come to terms on a fresh labor agreement.

Ford highlighted the escalating repercussions for both the automaker and the broader U.S. economy.

"We... More

Barclays Starts Stellantis NV (STLA) at Overweight

Barclays initiates coverage on Stellantis NV (NYSE: STLA) with a Overweight rating.

For an analyst ratings summary and ratings history on Stellantis NV click here. For more ratings news on Stellantis NV click here.

Shares of Stellantis NV closed at $19.68 yesterday.

Ford Motor (F) call put ratio 2.6 calls to 1 put amid UAW talk headlines

Ford Motor (NYSE: F) 30-day option implied volatility is at 35; compared to its 52-week range of 27 to 588. Call put ratio 2.6 calls to 1 put.

Tesla (TSLA) October option implied volatility increases into quarter results

Tesla (NASDAQ: TSLA) October call option implied volatility is at 73, November is at 51; compared to its 52-week range of 42 to 96 into the expected release of quarter results after the bell on October 18.

Ford, UAW leaders spar as auto strike costs rise

By Joseph White and David Shepardson

DEARBORN, Michigan (Reuters) - Ford executive chairman Bill Ford on Monday urged the United Auto Workers union to end a 32-day strike and reach a new labor agreement, and warned of the growing impact to the automaker and the U.S. economy.

"We can stop this now," Ford said of the strike that expanded last week to shut down the Kentucky plant. "I call on UAW colleagues ... We need to come together to bring an end to this acrimonious round of talks."

Ford made his appeal in a press conference at... More

Active options: TSLA AAPL MARA NVDA AMZN PLTR COIN AMD SNAP GOOG

Active options: TSLA AAPL MARA NVDA AMZN PLTR COIN AMD SNAP GOOG

Stellantis (STLA), Ford (F) layoff 1,250 additional workers as UAW strike continues

Chrysler-parent company Stellantis (NYSE: STLA) and Ford Motor (NYSE: F) announced on Friday that they would be implementing temporary layoffs for 1,250 employees, citing the repercussions of the ongoing United Auto Workers (UAW) strike.

In light of the strike, Stellantis disclosed that 1,340 employees are... More

Tesla (TSLA) PT Lowered to $290 at Piper Sandler

Piper Sandler analyst Alexander Potter lowered the price target on Tesla (NASDAQ: TSLA) to $290.00 (from $300.00) while maintaining a Overweight rating.... More

Tesla earnings: investors watching margins, deliveries, self-driving

By Akash Sriram

(Reuters) - Tesla's margins are likely to drop in the third quarter and take a bigger hit in the last three months of 2023, leaving investors fretting about more price cuts needed to boost demand.

The electric automaker has given up some profitability to drive sales of its aging vehicle line-up in a high-interest rate environment and amid competition from China's BYD.

"I don't think the price cuts are over, mainly for the reason that demand is still weak," said Thomas Martin, senior portfolio manager at Tesla shareholder Globalt Investments.

Here... More

Tesla (TSLA) October 250 straddle into quarter results

Tesla (NASDAQ: TSLA) October 250 straddle is priced for a move of 7% into the expected release of quarter results after the bell on October 18.

Blinken's diplomatic mission, corporate earnings, Rite Aid - what's moving markets

Investing.com -- U.S. Secretary of State Antony Blinken seeks to limit the extent of the conflict in the Middle East, while the focus on Wall Street turns to the new quarterly corporate earnings season. Rite Aid has filed for bankruptcy while crude prices consolidate after recent hefty gains.

U.S. Secretary of State Antony Blinken returns to Israel on Monday as part of a concerted diplomatic attempt to ensure Israel's conflict with Palestinian militant group Hamas does not... More

Active options: TSLA NVDA AAPL AMZN META AMD AMC JPM

Active options: TSLA NVDA AAPL AMZN META AMD AMC JPM

Is Tesla (TSLA) a Buy or a Sell ahead of 3Q results? This prominent analyst weighs in

(Updated - October 16, 2023 5:29 AM EDT)

As Tesla (NASDAQ: TSLA) prepares to release its 3Q earnings report on Wednesday, investors are mulling over whether they should buy, sell, or hold their shares of the automotive stock.

Tesla shares lost 3.6% last week and are down a further 1% in early Monday trade.

Analysts at Morningstar value the electric automaker at $215.00, below the companys current share price of approximately $250.00 on Friday.

Morningstar utilizes a weighted average cost of capital of slightly below 9% to establish their Fair Value estimate. Additionally, their equity valuation... More

Is Tesla (TSLA) a car or tech company?

Tesla (NASDAQ: TSLA) holds the position of the 7th largest stock based on market capitalization in the United States, and is arguably one of the most hotly debated stocks.

Both the company and its CEO, Elon Musk, attract a significant amount of media attention, making them prominent topics of discussion and debate. However, at the core of the debate is the question of whether Telsa is a car company or a technology company.

Thanks to Tesla's continuous technical innovations, the electric vehicle manufacturer has managed to maintain a cost advantage, resulting in... More

Tesla (TSLA) disputes $230M attorney fee stemming from board pay lawsuit

Tesla (NASDAQ: TSLA) urged a Delaware judge Friday to deny a $230 million legal fee claim made by a group of shareholder lawyers who secured a settlement in a dispute over director compensation.

The electric vehicle manufacturer, has referred to this fee request as an "unwarranted windfall", emphasizing that it equates to an hourly rate of $10,690, one of the highest ever seen in Delaware's Court of Chancery, which is a critical location for shareholder litigation.

The company is seeking... More

Bank of America raises estimates on Stellantis (STLA) despite limited impact of UAW strike

Bank of America reiterated a Buy rating on Stellantis (NYSE: STLA) and raised their 12-month price target on the automotive stock to $23.00 (From $20.00) ahead of the companys 3Q report. Stellantis will report their 3Q sales results on October 31st.

The focus for Q4 and the 2024 outlook is expected to be on the order book,... More

Tesla (TSLA) October option IV bid into quarter results and outlook

Tesla (NASDAQ: TSLA) October call option implied volatility is at 65, November is at 51; compared to its 52-week range of 42 to 96 into the expected release of quarter results after the bell on October 18.

Carmakers Spared From New UAW Strikes As Talks Progress - Bloomberg

Carmakers Spared From New UAW Strikes As Talks Progress - Bloomberg

Active options: TSLA NVDA JPM AMZN AMD AAPL BAC META CHPT

Active options: TSLA NVDA JPM AMZN AMD AAPL BAC META CHPT

JPMorgan, Wells Fargo and Dollar General rise premarket; BlackRock, Netflix fall

Investing.com -- U.S. futures drifted lower Friday, as investors digested the release during the previous session of hotter than expected inflation data as well as key bank earnings.

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

JPMorgan Chase (NYSE: JPM) stock... More

Tesla fights $230 million fee sought by attorneys who sued over board pay

By Tom Hals

WILMINGTON, Delaware (Reuters) -Tesla Inc urged a Delaware judge on Friday to reject $230 million in legal fees requested by a team of shareholder attorneys who won a settlement in a dispute over director pay, and the company recommended a fee of $64 million instead.

The maker of electric vehicles called the fee request an "unwarranted windfall" that works out to an hourly rate of $10,690, among the highest fee requests ever in Delaware's Court of Chancery, a key venue for shareholder lawsuits.

Kathaleen McCormick, chief judge on the court, heard about two hours of... More

Tesla (TSLA) October 260 straddle into quarter results

Tesla (NASDAQ: TSLA) October 260 straddle is priced for a move of 7.5% into the expected release of quarter results after the bell on October 18.