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

Lucid (LCID) introduces U.S. referral program

Lucid Group (NASDAQ: LCID), on Monday, introduced the Lucid Referral Program in the United States. A two-sided rewards program extending exclusive benefits to current Lucid Air owners.

Participants can even share their unique referral link with friends and family to give them new vehicle purchase discounts.

"Our mission at... More

General Motors (GM) metal workers go on strike in Brazil

Workers in the metal industry at General Motors' (NYSE: GM) Brazilian facilities have made the decision to commence a strike beginning next Monday. Their decision to strike stems from their objection to the recent workforce reductions implemented by the U.S.-based automaker in the region.

According to reports from the... More

U.S. DOJ seeks Tesla (TSLA) documents on driving range

Tesla (NASDA: TSLA) revealed Monday that the U.S. Department of Justice (DOJ) is seeking documents from the automaker related to the driving range of the companys electric vehicles. The revelation follows reports that the company allegedly exaggerated their potential distance... More

Tesla (TSLA) discloses DOJ requests for information on 'personal benefits'

Tesla (NASDAQ: TSLA) confirmed in its quarterly SEC report that the electric automaker has received requests for documents from United States Department of Justice (DOJ) including subpoenas regarding certain matters associated with personal benefits, related parties, vehicle range and personnel decisions.

The company is required to report any contacts with government agencies regarding... More

GM matches Ford's (F) wage offer to UAW in bid to end strike

General Motors (NYSE: GM), on Friday, increased its proposal to the striking auto workers, matching Fords (NYSE: F) suggested 23% wage increase and additional benefits enhancements, hours before union leader Shawn Fain was set to address the ongoing negotiations.

"We have made... More

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

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

Tesla, Foot Locker, Canada Goose fall premarket; Netflix rises

Investing.com -- U.S. futures steadied Thursday after the previous sessions losses, as investors awaited a key speech from Fed chair Jerome Powell for clues towards future monetary policy.

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

Tesla (NASDAQ: TSLA) stock fell 7% after the EV manufacturer disappointed with its quarterly results as its recent wave of electric vehicle price cuts weighed on margins, raising... 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 $300 at New Street Research

New Street Research analyst Pierre Ferragu lowered the price target on Tesla (NASDAQ: TSLA) to $300.00 (from $526.67) while maintaining a Buy rating.... More

Tesla (TSLA) PT Lowered to $226 at Truist Securities

Truist Securities analyst William Stein lowered the price target on Tesla (NASDAQ: TSLA) to $226.00 (from $243.00) while maintaining a Hold rating.... More

Tesla (TSLA) PT Lowered to $310 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh lowered the price target on Tesla (NASDAQ: TSLA) to $310.00 (from $330.00) while maintaining a Buy rating.... More

Tesla (TSLA) PT Lowered to $310 at Wedbush

Wedbush analyst Daniel Ives lowered the price target on Tesla (NASDAQ: TSLA) to $310.00 (from $350.00) while maintaining a Outperform rating.... 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

Bernstein Reiterates Underperform Rating on Tesla (TSLA), asks 'is the story broken?'

Bernstein analyst Toni Sacconaghi reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA).

The analyst commented: "For FY 24, we now believe that Tesla may have to guide to deliveries below consensus AND face lower margins. We are well below consensus on EPS... More

Powell's speech, Netflix, Tesla earnings - what's moving markets

Investing.com -- Fed chair Jerome Powell is set to speak later in the session, while Wall Street indices are set to open lower after bond yields rose to record levels.The earnings season continues in full flow, with Netflix and Tesla in the spotlight after releasing results after Wednesday's close.

Jerome Powell is set to hold the spotlight Thursday, as the Federal Reserve chairman speaks at the Economic Club of New York later in the session, with... More

Chinese EV makers sink tracking disappointing Tesla Q3 earnings

Investing.com-- Shares of Chinese electric vehicle makers fell on Thursday, tracking an overnight tumble in Tesla (NASDAQ: TSLA) after the worlds most valuable car maker posted weaker-than-expected third-quarter earnings.

Hong Kong-listed shares of Xpeng (NYSE: XPEV) (HK:9868), Li Auto (NASDAQ: LI) (HK:2015), NIO Inc (HK:9866) and BYD (HK:1211) fell between... 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

Rivian Automotive Inc (RIVN) PT Lowered to $26 at Truist Securities

Truist Securities analyst Jordan Levy lowered the price target on Rivian Automotive Inc (NASDAQ: RIVN) to $26.00 (from $30.00) while maintaining a Buy rating.... More

Tesla (TSLA) PT Lowered to $255 at Citi

Citi analyst Itay Michaeli lowered the price target on Tesla (NASDAQ: TSLA) to $255.00 (from $271.00) while maintaining a Neutral rating.... More

Tesla (TSLA) PT Lowered to $235 at Goldman Sachs

Goldman Sachs analyst Mark Delaney lowered the price target on Tesla (NASDAQ: TSLA) to $235.00 (from $265.00) while maintaining a Neutral rating.... More

Tesla joins GM, Ford in slowing EV factory ramp as demand fears spread

By Abhirup Roy and Ben Klayman

SAN FRANCISCO (Reuters) -Tesla on Wednesday joined General Motors and Ford in being cautious about expanding electric vehicle (EV) production capacity, citing economic uncertainties and underscoring fears of a slowdown in demand.

Tesla CEO Elon Musk said he was worried that higher borrowing costs would prevent potential customers from affording its vehicles despite substantial price cuts, and that he would wait for clarity on the economy before ramping up its planned factory in Mexico.

"People hesitate to buy a new car if there's uncertainty in the economy," Musk said on a... More

Tesla's Musk raises Cybertruck production concerns, reveals delivery date

By Akash Sriram

(Reuters) - Tesla CEO Elon Musk on Wednesday warned of difficulties in ramping up production of the automaker's much-awaited Cybertruck electric pickup truck and announced that deliveries would begin on Nov. 30.

The world's most valuable automaker produces electric sedans and sport utility vehicles but has missed out on the pickup truck segment, which is highly profitable and hugely popular in the United States.

The Cybertruck is expected to challenge Rivian's R1T, Ford's F-150 Lightning and General Motors' Chevrolet Silverado EV in the hot market for electric pickup trucks.

Tesla (TSLA) CEO Musk said one million people reserved the Cybertruck

Tesla (NASDAQ: TSLA) CEO Musk said one million people reserved the Cybertruck

After-hours movers: Netflix surges on strong subscribers, Lam Research falls following results

After-Hours Stock Movers:

Netflix (NASDAQ: NFLX) 13% HIGHER; reported Q3 EPS of $3.73, $0.24 better than the analyst estimate of $3.49. Revenue for the quarter came in at $8.54 billion versus the consensus estimate of $8.54 billion. The company added 8.76 million Global Streaming Paid Memberships, versus the consensus of 6.2 million. In addition, the company... 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

Tesla (TSLA) announces Nov. 30 delivery event for Cybertruck

Tesla (NASDAQ: TSLA) announces 11/30/23 delivery event for Cybertruck

Tesla sinks 5% on Q3 miss, cautious commentary; Analysts lower numbers

(Updated - October 19, 2023 5:24 AM EDT)

Investing.com -- Tesla reported quarterly results that missed Wall Street estimates as its recent wave of electric vehicle price cuts weighed on margins.

Tesla Inc (NASDAQ: TSLA) shares fell 5.5% in pre-open trading on Thursday, following the release of the results.

Tesla reported adjusted EPS of $0.66 on revenue of $23.35 billion. Analysts polled by Investing.com anticipated EPS of $0.73 on revenue of $24.32B.

Gross margins excluding credits, which have been closely watched following recent price EV cuts, slowed to 16.1% in the quarter from 18.7%... More

Tesla (TSLA) said Cybertruck deliveries remain on track for later this year

With earnings, Tesla (NASDAQ: TSLA) said Cybertruck deliveries remain on track for later this year.

Tesla (TSLA) falls 1.8% immediately following results

Tesla (NASDAQ: TSLA) falls 1.8% immediately following results:

Tesla CEO Musk raises alarm on interest rates, hesitates on Mexico factory

By Hyunjoo Jin, Akash Sriram and Joseph White

(Reuters) -Tesla CEO Elon Musk said on Wednesday that he was concerned about the impact of high interest rates on car buyers, adding the electric vehicle maker was hesitating on its plans for a factory in Mexico as it gauges the economic outlook.

After the company missed Wall Street expectations on third-quarter gross margin, profit and revenue, Musk said he was cautious about going "full tilt" on the Mexico factory.

"If the macroeconomic conditions are stormy, even the best ship is still going to have tough... More

Tesla (TSLA) Misses Q3 EPS by 7c

Tesla (NASDAQ: TSLA) reported Q3 EPS of $0.66, $0.07 worse than the analyst estimate of $0.73. Revenue for the quarter came in at $23.4 billion versus the consensus estimate of $24.32 billion.

For earnings history and earnings-related data on Tesla (TSLA) click here.

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

S&P 500 falls as Nvidia drives tech lower ahead of Tesla, Netflix results

Investing.com -- The S&P 500 fell Wednesday as Nvidia continued to weigh on tech for a second-straight day ahead of quarterly results from Netflix (NASDAQ: NFLX) and Tesla (NASDAQ: TSLA) after markets close. 

The Nasdaq fell 1.5%, and the S&P 500 fell 1.2%, and the Dow Jones Industrial Average rose 0.8% or 268 points.

Morgan Stanley... More

Ford recalling 35,000 US Mach-E EVs over power loss reports

WASHINGTON (Reuters) - Ford Motor said on Wednesday it is recalling 35,000 Mustang Mach-E electric vehicles because high voltage battery main contactors may overheat resulting in a loss of driving power.

The new recall of 2021 and 2022 model year Mach-E vehicles with extended range followed an August investigation by the... 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

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.

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

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

Lucid (LCID) deliveries not as bad as it seems, Bank of America reiterates Neutral rating

Bank of America (BofA) reiterated their Neutral rating and $8.00 price target on Lucid Group (NASDAQ: LCID) after the electric automaker reported 3Q23 delivery results.

Lucid's EV deliveries totaled 1,457 units, approximately 35% lower than BofA's estimated figure of 2,250. The slight increase from the 2nd quarter's 1,404 deliveries indicates a softer demand, indicating that the company might be encountering reduced market interest.

However, BofA analysts note that Lucid... More

GM cancels Nov. 16 investor day, will move to next year

(Reuters) - General Motors said it has canceled a Nov. 16 investor day event and will move it to early next year to allow company leaders to focus on ongoing labor talks.

GM faces an ongoing month-old strike by the United Auto Workers of two assembly plants and 18 parts distribution centers. Earlier this month, GM said it secured a new $6 billion line of... 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

Amazon (AMZN) reaches 10,000 Rivian (RIVN) electric delivery vans in U.S.

Amazon (NASDAQ: AMZN) co-founded The Climate Pledge in 2019, committing to becoming a net-zero carbon company by 2040. As part of the Pledge, Amazon partnered with Rivian (NASDAQ: RIVN) to introduce 100,000 electric delivery vehicles on the roads by 2030.

Just 3 years later after the pledge, Amazon deployed its first electric... More

Ford reshuffles top management as UAW strike drags on

(Reuters) - Ford Motor Co on Wednesday announced a management rejig, promoting combustion vehicle unit chief Kumar Galhotra to the position of chief operating officer, even as the ongoing autoworkers strike shows little signs of ending.

Galhotra, who previously headed the Ford Blue unit that makes gas and hybrid vehicles, will now lead the automaker's global industrial system.

Andrew Frick, who previously managed Ford Blue's sales and distribution functions, trucks, SUVs and... More

Ford Motor (F) Appoints Ashwani Kumar Galhotra as COO

Effective October 12, 2023, Ashwani Kumar Galhotra was elected Chief Operating Officer of Ford Motor (NYSE: F). Prior to becoming Chief Operating Officer, Mr. Galhotra was President, Ford Blue. Mr. Galhotras compensation arrangements will be the subject of an amended 8-K filing.

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

Amazon Executive Says Company Now Has 10,000 Rivian Vans in Delivery Fleet

(Updated - October 17, 2023 8:04 PM EDT)

Amazon Executive Says Company Now Has 10,000 Rivian Vans in Delivery Fleet - Company event in Seattle on Tuesday afternoon

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

CFRA Downgrades Lucid Group Inc. (LCID) to Sell, 'lack of detail regarding the company's still-sluggish volumes'

(Updated - October 17, 2023 2:30 PM EDT)

CFRA analyst Garrett Nelson downgraded Lucid Group Inc. (NASDAQ: LCID) from Hold to Sell with a price target of $4.00 (from $7.00).

The analyst comments "We lower our 12-month target to $4 from $7. We lower our adjusted EPS estimates to -$1.70 from -$1.65 for... 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 delays plans for EV truck production at Michigan plant by one year

Investing.com -- General Motors said Tuesday it is pushing back production of electric trucks at its Orion Assembly plant in Michigan by one year to late-2025.

The automaker said the delay would allow it "to better manage capital investment while aligning with evolving EV demand," adding... 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

GM delays EV truck production at Michigan plant by year

By David Shepardson and Ben Klayman

DETROIT (Reuters) -General Motors Co said on Tuesday it will delay production of electric pickup trucks at its plant in Michigan's Orion Township by a year as the No. 1 U.S. automaker grapples with flattening demand for electric vehicle.

The move is the latest sign that electric vehicle production and demand may not be as strong as forecast. GM had been set to begin production of the electric Chevrolet Silverado and GMC Sierra in late 2024 at the suburban Detroit plant. The company said the plan now is to start it in late 2025.

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

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

Lucid (LCID) falls on 3Q production and delivery numbers

Shares of American electric vehicle company, Lucid Group (NASDAQ: LCID) are down almost 4% following the release of their 3Q production and delivery numbers Tuesday.

The company reportedly produced 1,550 EVs, with an additional 700 in transit to Saudi Arabia for final assembly.

The electric... 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

EV maker Lucid's quarterly production plummets; shares drop

By Jaspreet Singh and Akash Sriram

(Reuters) -Lucid Group posted a near 30% drop in third-quarter production and a marginal rise in deliveries despite big discounts, raising worries about demand for its Air luxury electric sedan and its ability to make 10,000 cars this year.

Shares in Newark, California-based Lucid were down more than 3.5% on Tuesday. They have lost more than a fifth of their value this year over concerns that EV startups will bear the brunt of Tesla's price war.

"We thought the disclosure was extremely disappointing," Garrett Nelson, senior equity analyst at CFRA Research, told... More

Lucid Group (LCID) delivered 1,457 vehicles in Q3

Lucid Group, Inc. (NASDAQ: LCID), setting new standards for luxury electric experience with the Lucid Air, winner of the 2023 World Luxury Car Award, today announced production and delivery totals for the quarter ended September 30, 2023. Lucid produced 1,550... 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