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

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

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

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

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

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Active options: TSLA NVDA AMZN META AAPL MSFT GOOGL AMD SOFI BAC

Active options: TSLA META NVDA AMZN GOOGL AAPL AMD DKNG

Active options: TSLA META NVDA AMZN GOOGL AAPL AMD DKNG

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

Tesla gets $100 million US ultra-fast charger order from BP EV charging unit

By Nick Carey

LONDON (Reuters) - BP's electric vehicle charger unit is ordering $100 million worth of Tesla ultra-fast chargers for rollout in the United States, the first deployment of Tesla's chargers on an independent network, the companies said on Thursday.

The purchase is part of BP Pulse's plans to invest up to $1 billion in charging stations across the U.S. by... More

bp (BP) Orders $100M of Tesla (TSLA) Chargers

Today bp (NYSE: bp) announced a deal in which bp pulse, bp's EV charging business, will acquire ultra-fast charging hardware units from Tesla (NASDAQ: TSLA) for $100 million. The investment will facilitate the expansion of the bp pulse public network across the US, while also enabling support for EV fleet customers by deploying chargers at their private depots. The introduction of Tesla's chargers to the bp... More

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

Investing.com-- Stellantis NV (EPA: STLAM) said on Thursday that it will take a roughly 20% stake in Chinese electric vehicle firm Zhejiang Leapmotor (HK:9863) in a $1.6 billion deal, with the two companies also setting up a joint venture targeting the booming Chinese EV market. 

The Euro-American carmaker will buy about 194.3 million Hong Kong shares in Leapmotor at HK$43.8 per share, representing a 19% premium to Leapmotors Wednesday close. Under the venture, Stellantis (NYSE: STLA) will sell some Leapmotor... More

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Active options: TSLA GOOGL MSFT GOOG AMZN NVDA AAPL SNAP

Lawyer says Tesla (TSLA) knew of autopilot steering fault before fatal crash

During closing arguments in a California state court on Tuesday, an attorney involved in a lawsuit against Tesla (NASDAQ: TSLA), pertaining to a fatal accident, highlighted an internal safety analysis conducted by the company. The analysis revealed that Tesla was aware of a steering malfunction in its Autopilot driver assistant feature approximately two years prior.

This revelation occurred in the first U.S. trial that addresses allegations of Autopilot's involvement in a fatal incident. The plaintiffs are collectively seeking a jury award of $400 million, not including punitive damages. The verdict... More

GM and Honda (HMC) cancel plans to co-develop affordable EVs

Honda Motor (NYSE: HMC) and General Motors (NYSE: GM) announced Wednesday the cancellation of their collaborative efforts to produce budget-friendly electric vehicles (EVs), as confirmed by the Japanese company. This development comes a year after their initial agreement to join forces in an attempt to surpass Tesla (NASDAQ: TSLA) in... More

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Active options: TSLA NVDA MARA SNAP AAPL GOOGL MSFT AMZN COIN

Great Wall Motor responds to EU anti-subsidy probe

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

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Active options: TSLA MARA NVDA RIOT COIN AAPL NFLX VZ AMD

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

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

Tesla aware of Autopilot steering malfunction before fatal crash -lawyer

By Dan Levine and Hyunjoo Jin

(Reuters) - An attorney suing Tesla over a fatal accident cited an internal safety analysis conducted by the company that showed it knew about a steering malfunction in its Autopilot driver assistant feature about two years earlier.

The disclosure came during closing arguments on Tuesday in a California state court in the first U.S. trial over allegations that Autopilot led to a death. The plaintiffs are seeking a combined $400 million jury award, excluding punitive damages. The trial's outcome could help shape similar cases across the country.

The civil lawsuit... More

Tesla's relative cost reductions this year are much less than might appear - Bernstein

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

The analyst commented: "Amid a disappointing quarter for Tesla, investors (and the company) have highlighted cost reductions as a silver lining. Tesla's average COGS per car has declined $2.5k from $39.2k... More