Swedish metal union threatens to strike at Tesla (TSLA)

US EV sales skyrocket in 3Q, China expands reach

According to data released by Cox Automotive, US electric vehicle (EV) sales surged by almost 50% in the 3Q compared to last year, surpassing 300,000 units sold for the first time.

The current market trajectory suggests that the US may witness the sale of over a million EV cars this year, marking a significant milestone in the transition to auto electrification. A notable shift, coupled with Tesla's (NASDAQ:... More

Tesla (TSLA) raises price of Model X Plaid by $5K

Tesla's (NASDAQ: TSLA) Model X Plaid all-wheel drive in the United States now stands at $94,990, up from $89,990 according to the electric vehicle maker's website on Thursday.

The price adjustment follows CEO Elon Musk's recent remarks about maintaining demand through price reductions, despite expressing... More

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

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

Active options: TSLA NVDA AAPL AMZN AMD BAC MSFT MS

Active options: TSLA NVDA AAPL AMZN AMD BAC MSFT MS

Tesla (TSLA) option IV increases as share price down 4% into quarter results

Tesla (NASDAQ: TSLA) October call option implied volatility is at 107, November is at 53; compared to its 52-week range of 42 to 96 into the expected release of quarter results today after the bell.

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

Tesla (NASDAQ: TSLA) October call option implied volatility is at 99, November is at 52; compared to its 52-week range of 42 to 96 into the expected release of quarter results today after the bell.

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

We continue to see some downside risk to TSLA 3Q earnings - Deutsche Bank

Deutsche Bank analyst Emmanuel Rosner out with comments on Tesla (NASDAQ: TSLA) ahead of today's EPS.

The analyst commented: "With the US auto industry still in the middle of a bitter labor strike, we expect an unusual earnings season for the group.... More

Gaza update, Chinese GDP, Netflix earnings - what's moving markets

Investing.com -- U.S. President Joe Biden heads to Israel, while crude prices soared as a missile explosion on a Gaza hospital esclated tensions in the Middle East. The earnings season continues with numbers from Netflix and Tesla, while Chinese GDP expanded by more than expected in the third quarter.

U.S. President Joe Biden flies to Israel on Wednesday in an attempt to soothe heightened tensions in the region after a missile strike on a Gaza hospital killed hundreds of Palestinians.

Tesla (TSLA) October 255 straddle into quarter results

Tesla (NASDAQ: TSLA) October 255 straddle is priced for a move of 6.5% into the expected release of quarter results today after the bell.

Stocks expected to have increasing option volume: TSLA NFLX MS USB STT SWN FYBR UAL

Stocks expected to have increasing option volume: TSLA NFLX MS USB STT SWN FYBR UAL

Morgan Stanley earnings, P&G reports, Tesla: 3 things to watch

Investing.com -- Stocks wobbled on Tuesday, heading lower with less than 30 minutes left in the trading session as investors weighed stronger than expected retail sales, the escalating conflict in the Middle East, and corporate earnings reports.

Treasury yields were rising as investors took some risk off the table, with the 10-year going above 4.80%. The Federal Reserve, which has been expected to hold interest rates steady when it meets next month, will be weighing the data to help... More

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

Prominent electric vehicle manufacturer, Tesla (NASDAQ: TSLA) on Tuesday, called upon the Biden administration to swiftly solidify more rigorous fuel economy standards through 2032 than those initially proposed by U.S. regulators, placing the automaker at odds with major OEMs.

In July, the National Highway Traffic Safety Administration (NHTSA) introduced a proposal to... 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

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

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

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

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

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.

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

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

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