Tesla (TSLA) shares dip as Panasonic announced production cut

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

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'

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

Bernstein upgrades Stellantis (STLA) to Outperform following UAW agreement

Bernstein upgraded Stellantis (NYSE: STLA) to an Outperform rating (From Market-Perform) and raised their 12-month price target on the automotive stock to $26.40 (From $18.50) after the Detroit automaker secured a new labor deal with the United Auto Workers (UAW) union, effectively ending strikes against the... More

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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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