SAIC-GM partner with Tesla (TSLA) for supercharger access in China

Hyundai to raise hourly pay 25% by 2028 following UAW deal

Korean automaker, Hyundai Motor announced Monday that the company will raise wages for nonunion production workers at its Alabama factory by 25% by 2028. The announcement comes weeks after the United Auto Workers (UAW) union won substantial concessions from the Detroit Three.

Hyundai follows Toyota Motor (NYSE:... More

Swedish union offers pay to Tesla (TSLA) employees willing to join strike

Swedish trade union, IF Metall is offering Tesla (NASDAQ: TSLA) Sweden employees compensation to encourage their participation in the union's ongoing strike.

Entering its third week, the Tesla Sweden strike has garnered considerable backing from prominent national organizations. However, it has not yet gained substantial support from the individuals most impacted: Tesla... More

Tesla (TSLA) remains a 'Top Pick' at Morgan Stanley post UAW

Morgan Stanley reiterated Tesla (NASDAQ: TSLA) as one of their Top Picks with an Overweight rating, and a 12-month price target of $380.00, after the UAW made historic gains during labor contract negotiations with Detroits Big Three automakers.

Gains which saw to the revival of Cost of Living Adjustments (COLA) in the industry.

COLA was seen as a no fly zone for car companies heading into UAW negotiations. The indefinite nature of COLA introduces unpredictability into long-term labor inflation forecasts.

According to Ford, the UAW contract contributes an additional $850 to $900 per unit to the... More

Goldman Sachs sees Tesla (TSLA) as a potential leader in AI-related tech

(Updated - November 14, 2023 10:36 AM EST)

Goldman Sachs reiterated a Neutral rating on Tesla Inc. (NASDAQ: TSLA), with a 12-month price target on the EV stock of $235.00, as the company continues to develop its AI and Full Self-Driving (FSD) capabilities.

Investor interest in Tesla's AI potential has surged recently, drawing increased attention. This outlook has been a central focus for... More

Global EV sales show continued strength, China sees record numbers despite ending subsidy

Electric vehicle sales globally remain strong, as indicated by China's record-breaking monthly sales in October, despite the discontinuation of subsidies, according to Rho Motion, a market research firm.

Even as China terminated an 11-year subsidy program for EV purchases in 2022, certain local authorities have continued to provide support such as aid, tax rebates, and consumer subsidies to incentivize investments.

In September, EV sales in... More

Tesla (TSLA) raises prices for China-made Model 3 and Y

Tesla (NASDAQ: TSLA) announced on Chinese social-media platform Weibo, Tuesday, that the electric automaker will increase the prices on its Shanghai-manufactured Model 3 and Model Y cars.

According to the post, the price to purchase a Tesla Model 3 has been raised by 1,500 yuan (equivalent to US$206), marking a 0.6%... More

India invites bids for $960M battery production initiative

India is launching a bidding process for an 80 billion rupees ($960 million) incentive initiative aimed at fostering the production of electric vehicle batteries, according to insiders familiar with the matter.

The initiative mandates successful bidders to establish cutting-edge chemistry battery plants capable of generating a combined output of 20 gigawatt hours.

The government will... More

India considers 5yr tax cuts for imported EVs

India is contemplating a reduction in taxes for imported fully assembled electric vehicles for a duration of up to five years. This move is aimed at attracting companies like Tesla Inc. (NASDAQ: TSLA) to market and, in the future, manufacture their electric cars within the country.

According to a Bloomberg report, citing unnamed sources, the Indian government is actively formulating an EV policy that... More

Britain's EG Group to acquire 20K Tesla chargers

EG Group announced Monday that the British gas station operator will acquire Tesla (NASDAQ: TSLA) ultra-fast charging units in a move aimed at enhancing electric vehicle charging throughout Europe, and aligning with Tesla's efforts to broaden its charging business.

EG Group, under the ownership of... More

Honda (HMC) offers U.S. workers 11% raise following UAW win

The Wall Street Journal reports Friday morning that Japanese automaker, Honda Motor (NYSE: HMC) is offering many U.S. factory workers an 11% pay increase, as-well-as making other improvements.

The move comes after the United Auto Workers (UAW) union won major concessions from the Detroit... More

Tesla (TSLA) 'can't possibly be matched' billionaire investor Ron Baron tells CNBC

Billionaire investor Ron Baron told CNBC on Friday that he is sticking with his long-time position in electric car giant Tesla (NASDAQ: TSLA), alongside CEO Elon Musk's leadership, due to his cost-consciousness.

Baron said in an interview with CNBC's "Squawk Box" that... More

Active options: TSLA NVDA AAPL TTD PLUG AMZN AMD

Active options: TSLA NVDA AAPL TTD PLUG AMZN AMD

Unions push U.S. regulators to probe driverless cars following GM's Cruise incident

Over two dozen unions, such as the Transportation Trades Department, Transport Workers Union of America, International Brotherhood of Teamsters, and United Auto Workers, called on U.S. auto safety regulators Thursday to initiate an extensive investigation into autonomous vehicles.

Their request comes in light of the ongoing scrutiny of General Motors' (NYSE: GM) autonomous Cruise unit and California's temporary halt of Cruise's testing activities.

Driverless vehicles "are unsafe and untenable in... More

Active options: TSLA NVDA AAPL DIS MARA AMD AMC COIN AMZN

Active options: TSLA NVDA AAPL DIS MARA AMD AMC COIN AMZN

Active options: TSLA AAPL NVDA RIVN AMD RBLX UPST AMZN

Active options: TSLA AAPL NVDA RIVN AMD RBLX UPST AMZN

Tesla (TSLA) raises price of Model 3, Y variants in China

Tesla (NASDAQ: TSLA) China announced on Thursday a slight price adjustment for its Model 3 and Model Y Long Range variants.

The Model 3 Long Range received a RMB 1,500 ($206) price increase, now starting at RMB 297,400 ($40,819), while the Model Y Long Range saw a price adjustment of RMB 2,500... More

Tesla (TSLA) recalls Model X,S due to improper airbags

According to a notice by the National Highway Traffic Safety Administration on Thursday, electric vehicle maker, Tesla (NASDAQ: TSLA) is recalling 159 Model S and Model X cars due to an issue concerning the vehicles airbag systems.

According to the notice, the... More

Walt Disney, Affirm, AMC Entertainment, Twilio rise premarket; Lyft, Tesla fall

Investing.com -- U.S. futures traded in a muted fashion Thursday, as investors awaited a speech by Fed Chair Jerome Powell while digesting more quarterly earnings.

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

Walt Disney (NYSE:... More

HSBC starts Tesla stock coverage at Sell, sees 35% downside risk; Shares dip

HSBC analysts led by Michael Tyndall initiated research coverage on Tesla (NASDAQ: TSLA) stock with a Reduce rating and a $146 per share price target.

The target implies nearly 35% downside risk from Wednesdays closing price. HSBCs valuation model assumes that Teslas businesses like FSD, Dojo, and Optimus are all successful by 2030.

We think,... More

Tesla to recall 159 Model S, X vehicles - NHTSA

(Reuters) - Tesla will recall 159 Model S and Model X cars due to the possibility of the driver air bag deploying incorrectly, which increases the risk of an injury during a crash, according to a notice by the National Highway Traffic Safety Administration (NHTSA) on Thursday.

... More

HSBC Starts Tesla (TSLA) at Reduce

(Updated - November 9, 2023 4:01 AM EST)

HSBC analyst Michael Tyndall initiates coverage on Tesla (NASDAQ: TSLA) with a Reduce rating and a price target of $146.00.

The analyst comments "We use a 50:50 blend of DCF and peer (global tech companies) multiples.... More

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Active options: TSLA AAPL RIVN NVDA RBLX AMD AMZN MSFT WBD UPST

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

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

GM's Cruise recalling 950 driverless cars after pedestrian dragged in crash

By David Shepardson

WASHINGTON (Reuters) - Cruise is recalling 950 driverless cars from the roads across the United States following a crash involving one of its robotaxis and will likely issue more recalls, General Motors' self-driving unit said.

The cars are being recalled because the collision detection subsystem of the Cruise Automated Driving Systems (ADS) software may respond improperly after a crash, according to a notice made public by the National Highway Traffic Safety Administration (NHTSA) Wednesday.

The recall is the latest setback for GM's Cruise unit that faces growing questions about its technology... More