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

Great Wall Motor responds to EU anti-subsidy probe

October 24, 2023 10:37 AM EDT

Prominent Chinese automaker, Great Wall Motors revealed that the company has formally submitted a response to the European anti-subsidy investigation into Chinese made electric vehicles and called for a fair and open trade environment.

Great Wall provided its statement to the European Commission on Oct. 11, and is the first automaker to have done... More

Bernstein reiterates Underperform on Tesla (TSLA) following 3Q cost reductions

October 24, 2023 8:48 AM EDT

Bernstein reiterated an Underperform rating on Tesla (NASDAQ: TSLA)with a 12-month price target of $150.00 on the electric automakers stock following the companys 3Q report and earnings call.

The automaker reported a disappointing 3Q with average COGS per car declining $2.5k from 39.2k in 3Q22 to $36.7k in 3Q23. Tesla bulls are holding on to... More

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

October 23, 2023 10:12 AM EDT

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'

October 23, 2023 9:47 AM EDT

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

US EV sales skyrocket in 3Q, China expands reach

October 20, 2023 8:41 AM EDT

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) PT Lowered to $210 at DZ Bank

October 20, 2023 7:21 AM EDT

DZ Bank analyst Matthias Volkert lowered the price target on Tesla (NASDAQ: TSLA) to $210.00 (from $230.00) while maintaining a Sell rating.... More

Tesla raises US price of Model X Plaid all-wheel drive by 5.6%

October 19, 2023 11:12 PM EDT

(Reuters) - Tesla has increased the price of its Model X Plaid all-wheel drive to $94,990 from $89,990 in the United States, the electric vehicle maker's website showed on Thursday.

This comes a day after CEO Elon Musk said Tesla had managed to maintain demand with a series of... More

Stock Market Today: Dow closes lower as 10-year Treasury yield flirts with 5%

October 19, 2023 4:28 PM EDT

Investing.com -- The Dow closed lower Thursday as investors weighed a surge in the 10-year Treasury yield, mixed quarterly results and remarks from Federal Reserve Chairman Jerome Powell.

The Dow Jones Industrial Average fell 1% or 250 points, the Nasdaq slipped 1%, and the S&P 500 fell 0.9%.

Powell says Fed proceeding carefully on future hikes

Powell said the Fed is "proceeding carefully" on future rate hikes following a spike in Treasury yields that have helped tighten financial conditions "significantly," but said continued economic growth could force the... More

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

October 19, 2023 4:25 PM EDT

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

American Express, regional bank reports, Interpublic: 3 things to watch

October 19, 2023 4:11 PM EDT

Investing.com -- Stocks sank on Thursday as the yield on Treasuries rose after Federal Reserve Chair Jerome Powell said that while inflation was easing, the central bank is committed to getting inflation back to its 2% annual target rate.

Powell said the Fed is "proceeding carefully" on monetary policy decisions following a spike in Treasury yields that have helped tighten financial conditions "significantly," though acknowledged that signs of ongoing economy growth could warrant further policy tightening.  

Futures traders interpreted Powell's remarks, in a... More

Toyota (TM) Adopts Tesla (TSLA) NACS for EVs

October 19, 2023 4:09 PM EDT

Toyota Motor North America, Inc. (NYSE: TM) today announced it has reached an agreement with Tesla, Inc. (NASDAQ: TSLA) to adopt the North American Charging Standard (NACS) on its battery electric vehicles (BEVs) beginning in 2025. In line with Toyotas vehicle... More

Active options: TSLA NVDA NFLX AAPL AMZN AMD MSFT META RIVN

October 19, 2023 1:51 PM EDT

Active options: TSLA NVDA NFLX AAPL AMZN AMD MSFT META RIVN

... More

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

October 19, 2023 10:52 AM EDT

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

October 19, 2023 10:12 AM EDT

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

Active options: TSLA NFLX NVDA AMZN AAPL AMD T MSFT

October 19, 2023 10:01 AM EDT

Active options: TSLA NFLX NVDA AMZN AAPL AMD T MSFT

... More

After disappointing earnings, a prominent tech analyst asks: Is Tesla story broken?

October 19, 2023 9:31 AM EDT

Tesla (NASDAQ: TSLA) stock opened sharply lower on Thursday after electric vehicle (EV) maker reported weaker-than-expected results for the third quarter.

Tesla's adjusted earnings of 66 cents per share fell slightly short of the expected 72 cents per share.

The total operating margin of 7.6%... More

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

October 19, 2023 9:21 AM EDT

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

October 19, 2023 8:52 AM EDT

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

October 19, 2023 8:29 AM EDT

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

October 19, 2023 8:25 AM EDT

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'

October 19, 2023 8:23 AM EDT

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

October 19, 2023 8:16 AM EDT

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

October 19, 2023 7:38 AM EDT

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

October 19, 2023 6:36 AM EDT

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

October 19, 2023 6:26 AM EDT

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

October 19, 2023 6:10 AM EDT

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?'

October 19, 2023 5:09 AM EDT

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

October 19, 2023 5:03 AM EDT

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.

1. Powells speech in the spotlight  

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

October 19, 2023 4:56 AM EDT

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'

October 19, 2023 4:49 AM EDT

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) PT Lowered to $255 at Citi

October 19, 2023 3:56 AM EDT

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

October 19, 2023 3:45 AM EDT

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

October 18, 2023 10:14 PM EDT

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

October 18, 2023 8:21 PM EDT

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.

... More

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

October 18, 2023 5:41 PM EDT

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

said it will be an enormous challenge to reach volume production for Cybertruck and make it cash flow positivesays will take a year to 18 months to make Cybertruck a cash-flow contributor... More

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

October 18, 2023 5:33 PM EDT

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

October 18, 2023 5:12 PM EDT

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

October 18, 2023 4:51 PM EDT

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

with earnings, Tesla said Cybertruck deliveries remain on track for later this year.... More

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

October 18, 2023 4:19 PM EDT

(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

October 18, 2023 4:09 PM EDT

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

In addition, said they continue to make progress on their next generation platform.... More

Tesla (TSLA) falls 1.8% immediately following results

October 18, 2023 4:07 PM EDT

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

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.... More

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

October 18, 2023 4:04 PM EDT

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

October 18, 2023 4:02 PM EDT

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.

... More

British minister ‘optimistic’ on finding solution to EV tariffs

October 18, 2023 3:37 PM EDT

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

October 18, 2023 3:37 PM EDT

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 closes out big bank earnings with a beat, but investment banking, wealth management units disappoint

Morgan Stanley... More

Swedish metal union threatens to strike at Tesla (TSLA)

October 18, 2023 2:48 PM EDT

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

October 18, 2023 1:53 PM EDT

Active options: TSLA NVDA AAPL AMZN AMD BAC MSFT MS

... More

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

October 18, 2023 1:50 PM EDT

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.

... More

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

October 18, 2023 10:55 AM EDT

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.

... More

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

October 18, 2023 10:12 AM EDT

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

October 18, 2023 9:25 AM EDT

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

October 18, 2023 5:16 AM EDT

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.

1. Biden heads to Israel

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.

... More

Tesla (TSLA) October 255 straddle into quarter results

October 18, 2023 5:13 AM EDT

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.

... More

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

October 18, 2023 4:58 AM EDT

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

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