Stellantis forays into Chinese EV market with $1.6 bln stake in Leapmotor

Tesla (TSLA) shares dip as Panasonic announced production cut

Shares of electric vehicle maker, Tesla (NASDAQ: TSLA) dipped more than 5% Monday after Panasonic Holdings, a crucial supplier, revealed a reduction in automotive battery production during the September quarter. The announcement comes amidst growing concerns over a worldwide deceleration in EV sales.

Panasonic... More

Ford (F) to add 15k Tesla (TSLA) superchargers

Ford Motor (NYSE: F) announced Monday that the Detroit automaker will add north of 15,000 Tesla (NASDAQ: TSLA) Superchargers to the companys electric vehicle charging network, up from its earlier projection of 12,000 chargers.

The Detroit automaker said it plans to increase the scope of its BlueOval Charge Network in... More

General Motors (GM) reaches tentative deal to end UAW strike

General Motors (NYSE: GM) and the United Auto Workers (UAW) have come to a preliminary agreement less than 48 hours after the union began its strike at the Spring Hill Assembly plant in Tennessee, marking the conclusion of the initial joint strike against the Detroit Three automakers.

Details of the agreement have... More

Tesla (TSLA) workers refuse walkout as strike fails in Sweden

IF Metall, a Swedish trade union, announced that Tesla (NASDAQ: TSLA) would face a strike initiated by its members this past Friday. The union highlighted Tesla's refusal to sign a collective bargaining agreement as the reason behind the action, potentially disrupting or severely impeding Tesla's operations in... More

Unifor begins strikes at Stellantis (STLA) facilities in Canada

Canadian labor union, Unifor announced Monday morning that they have initiated strikes across all Stellantis (NYSE: STLA) facilities in the country. Over 8,200 union members have participated in the walkout, following a failure to secure a preliminary resolution during labor contract negotiations.

Unifor's key demands include enhanced wages and pension benefits.... More

Bernstein reiterates Underperform on Tesla (TSLA), says FY24 estimates remain 'too high'

Bernstein reiterated their Underperform rating on Tesla (NASDAQ: TSLA), with a 12-month price target of $150.00 on the electric vehicle stock, as analysts with the research company believe FY24 consensus margin and volume estimates remain too high.

Throughout this year, Tesla bulls have... More

Stellantis (STLA) reaches labor deal with UAW as union expands strikes at GM

Stellantis (NYSE: STLA) and the United Auto Workers (UAW) union have tentatively agreed on a fresh labor contract, as confirmed by the UAW on Saturday, marking the resolution more than 40 days after the union initiated a strike against the Detroit Three automakers.

At... More

Tesla (TSLA) not part of EU probe into Chinese subsidies

The south China Morning Post reports Friday that electric vehicle giant, Tesla (NASDAQ: TSLA) will not be a part of the European Unions investigation into subsidies granted by the Chinese government but may be subject to duties based on their own discovered... More

Hertz (HTZ) slows EV plans, faults Tesla (TSLA) price cuts and repair costs

Hertz Global (NASDAQ: HTZ) revealed during its 3Q earnings call on Thursday that the rental car company has decided to slow the process of electrifying the companys fleet after EV partner, Teslas (NASDAQ: TSLA) price cuts kneecapped the resale value of a majority of electric cars in the rental fleet by a third.

Our in-fleeting... More

Tesla (TSLA) reverses price cut on Model Y variant in China

According to a local website, Tesla (NASDAQ: TSLA), on Friday, increased the cost of its Model Y Performance sport-utility vehicle in China by approximately $2,000, undoing a price cut put into effect back in August.

The top-tier version of the electric SUV now... More

Tesla (TSLA) begins deliveries of new Model 3+ 'Highland' in the Netherlands

Tesla (NASDAQ: TSLA) has begun deliveries of their Model 3+ "Highland" electric vehicle in the another European country as drivers from the Netherlands report receiving their newly-designed vehicles this morning.

Following the earlier launch of the Model 3+ by Tesla a few months back, deliveries officially kicked off earlier this month, putting an end to months of speculation surrounding the timeline for the automaker's release... More

Morgan Stanley expects similar deals from OEMs as Stellantis (STLA) forms JV with Leapmotor

Stellantis (NYSE: STLA) confirmed Wednesday night that the Chrysler-parent will invest EUR 1.5B to acquire approximately 20% of Chinese automaker, Leapmotor.

The purchase also sets the stage for a planned joint venture between the two entities called, Leapmotor International, a 51/49 Stellantis-led JV that has exclusive rights for the export and sale, as well as manufacturing, of Leapmotor products outside Greater China.

Morgan... More

bp Pulse (BP) announces $100M EV charging deal with Tesla (TSLA)

bp (NYSE: BP) announced Thursday morning that the oil and gas companys EV charging business, bp Pulse, has struck a deal with electric automaker, Tesla (NASDAQ: TSLA) to acquire ultra-fast charging hardware units from the automaker for $100M.

According to the announcement, starting in 2024, the Tesla chargers will be deployed at key sites across the bp family... More