Lucid (LCID) becomes latest to adopt Tesla (TSLA) charging standard

Rivian (RIVN) gains 4% after market following raised production forecasts

Rivian (NASDAQ: RIVN) raised their yearly production forecasts by 2,000 vehicles to reach 54,000 units as demand for the automakers electric trucks sent the companys shares up 4% in volatile after-hours trading on Tuesday.

Rivian's optimistic forecast serves as a positive for an industry grappling with the challenges of elevated inflation, which has dampened... More

Cantor Fitzgerald cuts Lucid (LCID) to Neutral following 3Q revenue miss

Cantor Fitzgerald downgraded Lucid Group (NYSE: LCID) to a Neutral rating (From Overweight) and cut their 12-month price target on the electric automaker to $6.00 (From $10.00) after the company reported its 3Q23 earnings results after the market closed on Tuesday.

LCID reported 3Q revenues of $137.8 million, falling short of the consensus estimate of $185.1 million. This came after the company's pre-announcement on October 17, revealing that it had manufactured 1,550 vehicles (below the estimated 2,400) and delivered 1,457 vehicles (below the estimated 1,650)... More

GM recalls Cruise driverless cars following accident involving pedestrian

General Motors (NYSE: GM) and the National Highway Traffic Safety Administration (NHTSA) announced Wednesday that the automakers self-driving unit, Cruise will recall 950 driverless cars from the roads across the United States and may withdraw more following an accident involving one of its robotaxis.

The NHTSA website issued a... More

Tesla (TSLA) sees jump in China registrations

Tesla (NASDAQ: TSLA) defied the trend last week, recording a notable increase in new car registrations in China, as other major electric vehicle makers operating in the market saw a drop.

according to data compiled by CnEVPost, Tesla insurance registrations in China totaled 14,000 for the week ending Nov.... More

What needs to happen for Tesla (TSLA) shares to stop falling? Morgan Stanley weighs in

Morgan Stanley remains bullish on Tesla (NASDAQ: TSLA) with an Overweight rating and a 12-month price target of $380.00 as the electric vehicle stock has traded down by more than 15% over the past 30 days.

The drop has impacted investor confidence, amplifying the movement in share prices. Recently, several suppliers linked to Tesla have commented on the notably reduced production forecasts for the 4Q of the year and early 2024.

Analysts at Morgan Stanley believe that investors, to prevent a potential downward shift in Tesla shares, need to maintain faith in the company's capacity... More

Britain says automakers will be liable for self-driving crashes, not owners

The British government announced on Tuesday that, under a framework for advancing autonomous vehicles (AV), it would hold the manufacturers of self-driving cars legally responsible for any accidents, rather than the owners. A decision embraced by both insurance companies and AV startups.

King Charles outlined the government's legislative plan for the upcoming parliamentary session, revealing that an Automated Vehicles... More

Toyota (TM) extends production cuts at Chinese JV

Japans Toyota Motor (NYSE: TM) informed its dealers about the extension of a production reduction plan at one of its joint ventures in China. This decision comes as the company confronts escalating competition in the region.

The initial plan, set for October and November, will now be prolonged for an additional three months. The extension was communicated in a letter by Toyota's joint venture with China's... More

Saudi PIF in discussions to invest in Chinese EV brand

According to individuals with knowledge of the situation, the sovereign wealth fund of Saudi Arabia is currently negotiating an investment of no less than $250 million in Human Horizons Group, a Chinese electric-vehicle manufacturer.

A move supporting the kingdoms initiative to establish a local automotive sector.

The sources disclosed that the Public Investment Fund (PIF) might secure a stake in the Shanghai-based company at a valuation of $3 billion. They added that while an agreement could potentially be reached within the... More

General Motors (GM) pauses production of Cruise driverless van

Detroit automaker, General Motors (NYSE: GM) revealed Monday that the company plans to pause production on their Cruise fully autonomous Cruise Origin van. The announcement comes just days following an announcement that GM would pause driverless operations.

Cruise CEO Kyle Vogt, in a staff meeting, told workers that the company has produced hundreds of Origin vehicles already, and that it is "more than enough for the... More

Tesla (TSLA) Mentioned Positively at Morgan Stanley

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $380.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "So what will the next price move be? We believe it will come down to whether or not Tesla is able... More

Lucid (LCID) to Adopt North American Charging Standard (NACS)

Lucid Group, Inc. (NASDAQ: LCID), today announced that all Lucid vehicles built with the current Combined Charging System (CCS) will be able to charge at stations in the Tesla Supercharger network by using an adapter in 2025. In addition, Lucid will integrate the North American... More

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Lucid Group (LCID) November weekly option implied volatility into quarter results

Lucid Group (NASDAQ: LCID) November weekly call option implied volatility is at 155, November is at 112; compared to its 52-week range of 52 to 172 into the expected release of quarter results after the bell on November 7.

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Tesla (TSLA) announces wage hikes at giga Berlin amid union pressure

Tesla (NASDAQ: TSLA), late last week revealed a set of wage hikes for workers at its Gigaplant in the outskirts of Berlin.

The move follows a visit by the electric automakers CEO, Elon Musk, where management also announced the facility has been chosen to build the companys next-generation model.

Tesla has faced pressure in Germany from the influential IG Metall union, which is striving to organize the plant and secure a union contract... More

Tesla, BioNTech, Berkshire Hathaway rise premarket; Dish Network fall

Investing.com -- U.S. futures edged higher Monday, as investors awaited the release of more quarterly corporate earnings as the new week starts with a positive tone.

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

Tesla (NASDAQ: TSLA) stock rose 1.9% after Reuters reported that the... More

Tesla (TSLA) adds 3% on report it plans to build a 25,000 euros car at its Berlin plant

Tesla (NASDAQ: TSLA) shares added almost 3% in pre-market Monday trade after Reuters reported that the company is preparing to manufacture a new electric vehicle (EV) model with a targeted price of 25,000.

The intention to introduce this new model was reportedly communicated by... More

Tesla Raises Wages for German Workers Amid Union Pressure - WSJ

Tesla (NASDAQ: TSLA) Raises Wages for German Workers Amid Union Pressure - WSJ

Lucid Group (LCID) November weekly 4.5 straddle into quarter results

Lucid Group (NASDAQ: LCID) November weekly 4.5 straddle is priced for a move of 15% into the expected release of quarter results after the bell on November 7.

Tesla to build 25,000-euro car in Germany - source

By Victoria Waldersee

BERLIN (Reuters) -Tesla plans to build a 25,000-euro ($26,838) car at its factory near Berlin, a source with knowledge of the matter said on Monday, in a long-awaited development for the electric vehicle maker which is aiming for mass uptake of its cars.

The source, who declined to be named, did not say when production would begin.

Tesla declined to comment. Its shares were up 3% in pre-market trading in the United States at 0910 GMT.

The steep price tag of electric cars - compounded by high interest rates - is one of several... More

Tesla raises wages 4% for German workers amid union pressure - WSJ

(Reuters) -Tesla's management in Germany late last week informed 11,000 workers they will receive a 4% wage raise effective in November, The Wall Street Journal reported on Sunday, where unions have previously said they earn below the industry average.

The U.S. electric maker will also pay a 1,500 euro ($1,609) bonus... More

Tesla (TSLA) to build $25k EV at Giga Berlin

Tesla (NASDAQ: TSLA) CEO, Elon Musk visited the company's gigafactory in Berlin Friday where the multi-billionaire gave an update on the plant's aesthetic design and outlined the manufacturing strategy for a forthcoming affordable $25,000 electric vehicle aimed at the mass market.

Musk is known for his frequent visits to Tesla's production plants, where he oversees the progress... More

Lucid (LCID) cuts EV prices for limited time ahead of Holiday season

Earlier this week, Lucid Group (NASDAQ: LCID) reduced the prices of its Air series of high-end sedans for a limited period ahead of the holiday season.

The price change comes in response to intense competition and a decline in the demand for electric vehicles.

The demand for EVs has been affected by elevated interest rates, prompting automotive... More

Lucid cuts prices of electric sedans for limited time amid EV price wars

(Reuters) - Lucid Group cut prices of its Air range of luxury sedans earlier this week for a limited time ahead of the holiday season, amid stiff competition and slowing demand for electric vehicles(EV). High-interest rates have hit demand for EVs, and auto manufacturers, led by the world's most valuable automaker Tesla, have responded by cutting prices.

The Elon Musk-led automaker has... More

Morgan Stanley calls Tesla (TSLA) Semi a 'threat' to OEMs worldwide

Morgan Stanley conducted a comparative analysis of the Tesla (NASDAQ: TSLA) Semi and existing heavy-duty BEV trucks. Analysts expect the Tesla Semi to offer a competitive payload, creating a highly efficient, long-range, fast-charging, software-driven Class 8 truck.

This poses a threat to Truck OEMs worldwide, wrote Morgan Stanley analysts in a note. However, they see Volvo as the best protected OEM in this segment.

Volvo... More

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Tesla's Semi is a threat to Truck OEMs worldwide - Morgan Stanley

Morgan Stanley analyst Shaqeal Kirunda on Tesla (NASDAQ: TSLA).

The analyst commented: "We benchmarked the Tesla Semi against incumbent heavy duty BEV trucks. We expect the Tesla Semi to deliver a competitive payload, creating a highly efficient, high range, fast charging,... More

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Active options: TSLA AAPL NVDA PLTR AMD AMZN PYPL META

UAW eyes Toyota (TM) as a target for unionization

Leaders at the United Auto Workers (UAW) union signaled Thursday that they intend to further leverage the union's recent achievements in negotiations with the Detroit Three by organizing drives at Toyota (NYSE: TM), Tesla (NASDAQ: TSLA) and other nonunion U.S. auto factories.

Toyota Decided, following the concessions made by... More

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Active options: TSLA NVDA PLTR AMD AAPL AMZN PYPL ROKU SOFI META

Tesla (TSLA) delivers 72K China-made EVs in October; down 2.6% M/M

The China Passenger Car Association, Thursday, released Tesla's (NASDAQ: TSLA) October 2023 delivery results, announcing that the electric automaker delivered 72,115 China-made electric vehicles in the month, down 2.6% M/M.

Sales of China-made Model 3 and Model Y cars edged up 0.6% from a year... More

Tesla's Oct China-made EV sales fall 2.6% from Sept

BEIJING/SHANGHAI (Reuters) - U.S. automaker Tesla delivered 72,115 China-made electric vehicles in October, down 2.6% from a month earlier, the China Passenger Car Association (CPCA) said on Thursday.

Sales of China-made Model 3 and Model Y cars edged up 0.6% from a year earlier.

Chinese rival BYD, which makes EVs and hybrid models from its Dynasty and Ocean series, delivered 301,095 passenger vehicles in October, up 5% from September and a 38.4%... More