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

Tesla (TSLA) wins Autopilot trial involving fatal crash

October 31, 2023 2:30 PM EDT

Tesla (NASDAQ: TSLA), on Tuesday, achieved its first successful outcome in a U.S. trial regarding accusations that its Autopilot driver assistant feature resulted in a fatality. This marks a significant win for Tesla, given the number of similar lawsuits it is currently confronting nationwide.

The lawsuit, which took place in a California state court, was initiated by two passengers involved in a 2019 accident, alleging that Tesla was... More

Deutsche Bank says losses may extend but will not derail EV transition

October 31, 2023 1:59 PM EDT

As emerging electric and legacy automakers voice concerns over what appears to be a deceleration of demand for battery electric vehicles, Deutsche Bank research analysts believe the existing BEV losses may extend but will not halt the industrys movement towards an EV transition.

During our IAA conference there was a debate if BEV adoption is slowing. This has now become a full blown concern about a potential EV demand meltdown. Writes Deutsche Bank analysts in a... More

Tesla (TSLA) shares dip as Panasonic announced production cut

October 30, 2023 2:29 PM EDT

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

October 30, 2023 12:10 PM EDT

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

October 30, 2023 9:35 AM EDT

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'

October 30, 2023 8:44 AM EDT

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

October 27, 2023 1:56 PM EDT

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

October 27, 2023 9:13 AM EDT

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

Satori's Dan Niles says he covered shorts in Tesla and Apple, looks to re-short higher

October 27, 2023 6:05 AM EDT

Dan Niles, a prominent hedge fund manager, said on the social media platform X that while he covered shorts in Tesla (NASDAQ: TSLA) and Apple (NASDAQ: AAPL), he is still looking to reshort higher.

Tesla shares are trading in a... More

Dan Niles says he covered shorts in Tesla and Apple, looks to re-short higher

October 27, 2023 4:41 AM EDT

Satori Fund's Dan Niles on his recent tech trades: "Magnificent 7 recap: 1) we own $MSFT & $NVDA for AI, 2) covered shorts in $TSLA (earlier) & $AAPL today but looking to reshort higher, 3) no position in $META but looking to buy, 4) sold $GOOGL 5) own $AMZN for surging profits. Covered shorts now... More

Tesla raises price of high-performance Model Y in China by 14,000 yuan

October 26, 2023 8:35 PM EDT

BEIJING (Reuters) - Tesla Inc has increased the price for its Model Y high-performance version SUV in China by 14,000 yuan ($1,913.88) from Friday, it said on a social media notice.

($1 = 7.3150 Chinese yuan renminbi)

(This story has been corrected to say SUV, not sedan, in paragraph 1)

... More

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

October 26, 2023 3:40 PM EDT

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

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

October 26, 2023 1:56 PM EDT

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

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Active options: TSLA META NVDA AMZN GOOGL AAPL AMD DKNG

October 26, 2023 9:48 AM EDT

Active options: TSLA META NVDA AMZN GOOGL AAPL AMD DKNG

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

October 26, 2023 9:35 AM EDT

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

October 26, 2023 9:02 AM EDT

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

October 26, 2023 9:00 AM EDT

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

October 26, 2023 5:19 AM EDT

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

Active options: TSLA GOOGL MSFT GOOG AMZN NVDA AAPL SNAP

October 25, 2023 11:48 AM EDT

Active options: TSLA GOOGL MSFT GOOG AMZN NVDA AAPL SNAP

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

October 25, 2023 10:27 AM EDT

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

October 25, 2023 8:08 AM EDT

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