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

Toyota (TM) to raise wages of US workers following UAW labor deals

November 1, 2023 2:06 PM EDT

Toyota Motors (NYSE: TM) announced Wednesday that the Japanese automaker will raise the wages of the companys nonunion U.S. factory workers. The announcement comes just days after the United Auto Workers (UAW) union won major pay and benefits enhancements from Detroit's three biggest... More

Barclays upgrades GM, Ford to Overweight on 'historically cheap valuation'

November 1, 2023 11:14 AM EDT

Barclays upgraded Detroit automakers, General Motors (NYSE: GM) and Ford (NYSE: F) to Overweight ratings (From Equal-weight) as the companies move past the recent six-week long UAW labor strikes.

Barclays analysts suggest that the various challenges facing the business have created "peak pain," resulting in historically low... More

Ford (F) to bring F-150 Lightning to Switzerland this year

October 31, 2023 3:02 PM EDT

Ford Motor (NYSE: F) announced Tuesday that their popular F-150 Lightning electric pickup truck is coming to Switzerland in limited numbers this year.

Following its introduction to the United States during the 2022 model year, the Ford F-150 Lightning has significantly broadened its global... More

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

Deutsche Bank sees 'no hit' from UAW strike in October

October 31, 2023 10:45 AM EDT

Deutsche Bank research released an Industry update on the current state of the auto industry following the tentative conclusion of a six week long strike by the United Auto Workers against Detroits three biggest car companies, General Motors (NYSE: GM), Ford (NYSE: F), and Chrysler-parent Stellantis (NYSE:... 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

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

October 30, 2023 10:03 AM EDT

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

Active options: TSLA AMZN SOFI NVDA F AAPL AMD GM META COIN

October 30, 2023 9:42 AM EDT

Active options: TSLA AMZN SOFI NVDA F AAPL AMD GM META COIN

... 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

Unifor begins strikes at Stellantis (STLA) facilities in Canada

October 30, 2023 8:55 AM EDT

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'

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

McDonald's, Ford, Southwest Airlines rise premarket; Cisco fell

October 30, 2023 8:17 AM EDT

Investing.com -- U.S. futures rose Monday, starting a busy week full of earnings reports and an interest rate decision from the Federal Reserve on a positive note.

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

McDonald's (NYSE: MCD) stock rose 2.6% after the burger... More

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

October 30, 2023 8:06 AM EDT

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

Ford shares inch higher pre-market following tentative UAW deal

October 30, 2023 7:53 AM EDT

Investing.com -- Shares in Ford Motor Company (NYSE: F) edged slightly higher in premarket U.S. trading on Monday, after the carmaking giant reached a tentative labor deal with the United Auto Workers union that would end long-standing strikes at some of the company's plants.

On Sunday, the UAW outlined the major parts of the 4-1/2-year agreement, which includes $8.1 billion in... More

'FY 24 estimates remain (way) too high' - Bernstein

October 30, 2023 5:51 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 believe Tesla will likely see lower margins AND disappoint on volumes, and we are significantly below consensus... So do... More

Tesla (TSLA) 30-day option implied volatility steady

October 30, 2023 4:07 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 51; compared to its 52-week range of 42 to 96.

... More

GM (GM) Said To Match Ford's 25% Pay Hike In Latest Offer To UAW - Bloomberg

October 27, 2023 3:48 PM EDT

(Updated - October 27, 2023 3:49 PM EDT)

GM (GM) Said To Match Ford's 25% Pay Hike In Latest Offer To UAW - Bloomberg

Still Bargaining Over Temporary Worker PayStellantis (STLA) Said To Match 25% Pay Hike In Latest UAW Offer... 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

GM (GM), UAW may be nearing labor deal - CNBC

October 27, 2023 11:33 AM EDT

(Updated - October 27, 2023 11:35 AM EDT)

GM (GM), UAW may be nearing a labor deal after marathon negotiating session - CNBC

Contract negotiations are reconvening midday Friday after intense talks occurred Thursday night into the morningDeal based on tentative pact union reached with Ford... More

Shares fall after Ford (F) cuts FY23 forecast on wider EV losses

October 27, 2023 11:22 AM EDT

Ford Motor (NYSE: F) shares plummeted 6% during Friday's pre-market trading session following a report of increased losses in its electric-vehicle (EV) division.

The Detroit automaker attributed the losses to intensified competition triggered by Tesla's (NASDAQ: TSLA) aggressive pricing strategies.

Additionally, Ford retracted its 2023 projection, citing uncertainties surrounding... 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

Ford (F) PT Lowered to $13 at UBS

October 27, 2023 8:37 AM EDT

UBS analyst Joseph Spak lowered the price target on Ford (NYSE: F) to $13.00 (from $15.00) while maintaining a Buy rating.... More

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

October 27, 2023 8:29 AM EDT

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

Ford shares fall after pulling full-year forecast, wider losses in EV unit

October 27, 2023 8:00 AM EDT

By Shivansh Tiwary

(Reuters) -Shares of Ford Motor Co closed down 12.3% on Friday, after the automaker reported a wider loss from its electric-vehicle (EV) business due to pressures from a price war, sparked by industry leader Tesla.

The Detroit automaker also pulled its 2023 forecast, citing "uncertainty" over the pending ratification of its new labor deal with the United Auto Workers (UAW) union, which is expected to significantly increase labor-related expenses.

Ford cautioned about ongoing... More

Amazon, Intel, Exxon Mobil rise premarket; Ford, Chevron fall

October 27, 2023 7:37 AM EDT

Investing.com -- U.S. futures rose Friday, boosted by strong numbers from a couple of tech giants ahead of the release of key inflation data.

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

Amazon (NASDAQ: AMZN) stock rose 6.1% after the e-commerce giant reported third-quarter results that topped expectations as growth in its cloud business... More

Ford (F) PT Lowered to $10 at Wells Fargo

October 27, 2023 6:45 AM EDT

Wells Fargo analyst Colin M. Langan lowered the price target on Ford (NYSE: F) to $10.00 (from $11.00) while maintaining a Underweight rating.... 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

Ford (F) PT Lowered to $12 at Goldman Sachs

October 27, 2023 3:49 AM EDT

Goldman Sachs analyst Mark Delaney lowered the price target on Ford (NYSE: F) to $12.00 (from $13.00) while maintaining a Neutral rating.... 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

After-hours stock movers: Intel jumps on beat, Enphase siks

October 26, 2023 5:15 PM EDT

After-Hours Stock Movers:

Enphase Energy (NASDAQ: ENPH) 17% LOWER; reported Q3 EPS of $1.02, $0.01 worse than the analyst estimate of $1.03. Revenue for the quarter came in at $551.1 million versus the consensus estimate of $574.86 million. Enphase Energy sees Q4 2023 revenue of $300-350 million, versus the consensus of $601.24 million.

DexCom (NASDAQ: DXCM) 15% HIGHER; reported Q3 EPS of $0.50, $0.16 better than the analyst estimate of $0.34. Revenue for... More

Ford shares fall after missing Q3 expectations; Management has 'a long to-do list' says analyst

October 26, 2023 4:53 PM EDT

(Updated - October 27, 2023 5:56 AM EDT)

Investing.com -- Ford Motor Company (NYSE: F) shares fell more than 3% in early Friday trading after the automaker missed expectations for profit in the third quarter.

Ford reported third-quarter adjusted earnings of 39 cents a share and revenue of $43.8 billion. Analysts expected a profit of 46 cents a share and revenue of $43.94... More

Ford Motor (F) fell 5% immediately following results and withdrawn guidance

October 26, 2023 4:10 PM EDT

Ford Motor (NYSE: F) fell 5% immediately following results and withdrawn guidance

reported Q3 EPS of $0.39, $0.08 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $44 billion versus the consensus estimate of $44.05 billion.Full-Year 2023 Guidance Withdrawn Pending Ratification of Tentative U.S. Labor Agreement... More

Ford Motor (F) Misses Q3 EPS by 8c, Says Guidance Withdrawn

October 26, 2023 4:08 PM EDT

Ford Motor (NYSE: F) reported Q3 EPS of $0.39, $0.08 worse than the analyst estimate of $0.47. Revenue for the quarter came in at $44 billion versus the consensus estimate of $44.05 billion.

Full-Year 2023 Guidance Withdrawn Pending Ratification of Tentative U.S. Labor Agreement

For... 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

... More

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

... More

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

Ford shares rise a day after tentative deal with UAW

October 26, 2023 9:18 AM EDT

(Reuters) - Ford shares rose 3% before the bell on Thursday as the company's unionized workers were set to return to work following a tentative agreement between the automaker and the United Auto Workers (UAW) union guaranteeing a record wage hike.

Rival General Motors' shares also rose 1% as analysts expected the automaker to follow Ford... More

Ford (F) reaches tentative deal with UAW to end strike after 6 weeks

October 26, 2023 9:12 AM EDT

Following almost 6 weeks of strikes, Detroits Ford Motors (NYSE: F) and the United Auto Workers union announced late on Wednesday that the two have come to a tentative agreement on the terms of a new labor contract.

While the final details of the agreement are still being prepared, analysts at Barclays remain Neutral on the automaker as they believe the headline terms are likely already priced into the stock.

The UAW also announced... 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

Meta, UPS, Hasbro and Align fall premarket; IBM, Ford rise

October 26, 2023 7:43 AM EDT

Investing.com -- U.S. futures slipped lower Thursday, as investors digested earnings from some of the influential tech giants.

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

Meta Platforms (NASDAQ: META) stock fell 3.8% after the Facebook-parent exceeded third-quarter expectations, but the management said on... 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

Ford Motor (F), UAW Reach Tentative Deal, Union Says

October 26, 2023 5:10 AM EDT

Ford Motor (F), UAW Reach Tentative Deal, Union Says

Ford Strikers Should Go Back To Work While Voting On Deal - Union... More

Amazon, U.S. GDP, ECB rate decision - what's moving markets

October 26, 2023 5:07 AM EDT

Investing.com --Amazon takes the lead as the quarterly earnings season continues, with the tech sector remaining in focus. The European Central Bank is expected to halt its rate-hiking cycle, while investors will also focus on the latest quarterly U.S. growth numbers ahead of next week's Federal Reserve meeting. 

1. Meta Platforms falls on revenue guidance; Amazon next up

It was the turn of Meta Platforms (NASDAQ: META) to take the spotlight after the close of trading on Wednesday, as the Facebook and... More

Ford Motor (F) option implied volatility amid UAW contract headlines and quarter result

October 26, 2023 4:13 AM EDT

Ford Motor (NYSE: F) 30-day option implied volatility is at 39; compared to its 52-week range of 27 to 578 amid UAW contract headlines and quarter results.

... More

Ford Motor (F) October weekly 11.50 straddle into quarter results

October 26, 2023 3:37 AM EDT

Ford Motor (NYSE: F) October weekly 11.50 straddle is priced for a move of 6.5% into the expected release of quarter results today after the bell.

... More