Mercedes-Benz teams with BMW to expand EV charging in China

XPeng (XPEV) G9 places third in Denmark’s 2024 Car of the Year

XPeng Motors (NYSE: XPEV), a prominent Chinese electric vehicle manufacturer, clinched the third position in Denmark's Car of the Year 2024 awards last week with their leading XPeng G9 SUV.

Organized by the association of Danish Motor Journalists, Denmarks prestigious Car of the Year award celebrates vehicles... More

Nio (NIO) awarded manufacturing license to build cars in China

According to the Chinese ministrys website. electric vehicle maker, Nio (NYSE: NIO) has recently been included in a database by the Chinese industry that allows companies to manufacture vehicles within the country, as stated on the ministry's website.

Specific information regarding the timing or issuance of a manufacturing license to Nio was not provided on the... More

Tesla (TSLA) China sales fall nearly 18% in November

Sales of Teslas (NASDAQ: TSLA) Chinese made electric vehicles dropped by 17.8% in November compared to the previous year, reaching 82,432 cars, according to data from the China Passenger Car Association (CPCA) released on Monday.

This decline represents the most significant drop since December 2022, when Tesla experienced a 21% decrease following a reduced output and slashed pricing in response to an increase in inventory and a decrease in consumer demand.

However, deliveries of China-manufactured Model 3 and Model Y... More

CFRA Comments on Tesla (TSLA) Cybertruck: 'acceptable margin on the vehicle'

CFRA analyst Garrett Nelson reiterated a Buy rating and $300.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "We maintain a 12-month target of $300, based on a '25 P/E of 48x, justified by long-term growth expectations. Our estimates are unchanged. TSLA... More

Nio Inc. (NIO) reports deliveries of just under 16k units in November

Chinas NIO Inc. (NYSE: NIO), a prominent player in the high-end smart electric vehicle sector, released its November 2023 delivery figures on Friday.

In November 2023, NIO achieved a delivery milestone of 15,959 vehicles, marking a 12.6% increase compared to the previous year.

Among these deliveries were... More

XPeng (XPEV) delivers more than 20k EVs in November

Electric automaker, XPeng (NYSE: XPEV) announced Friday that the Chinese car company had delivered 20,041 Smart EVs in November, representing a 245% increase over the same time last year.

The announcement also marks the companys second consecutive month of 20,000 or more deliveries.

XPeng has seen continuous monthly growth in vehicle deliveries for the... More

Li Auto (LI) passes 300k EV delivery goal a month early

Chinese electric automaker, Li Auto announced Friday that the company delivered 41,030 vehicles in November 2023, a 172.9% increase over the same time last year.

The automakers cumulative year-to-date deliveries reached 325,677 as of the end of November 2023, surpassing the companys 2023 target of 300,000 vehicles ahead of schedule.

Bolstered by the strong growth momentum of our three Li L series models, our monthly deliveries have exceeded 40,000 vehicles for two consecutive... More

XPeng's (XPEV) G9 wins People's Favorite car of the year award in Norway

Xpeng Motors (NYSE: XPEV) announced Thursday that their XPENG G9 electric vehicle has become the first Chinese branded vehicle to win "People's Favorite 2024" in Norway's renowned Car of The Year awards.

"People's Favorite" is part of the esteemed Car of the Year 2024 award, an event orchestrated for the nineteenth consecutive year by Dagbladet in partnership with media outlets... More

Musk tempers expectations ahead of Tesla (TSLA) Cybertruck event

Tesla (NASDAQ: TSLA) is preparing to start deliveries of their long-awaited Cybertruck electric pickup this Thursday, following CEO Elon Musk's cautious remarks about production challenges for this groundbreaking product.

The Cybertruck marks Tesla's debut in new vehicle models after almost four years, holding substantial importance in maintaining the brand's image as a pioneer in inventive automobiles.

Amidst a period where the company faces reduced demand for electric vehicles (EVs) and heightened competition, the success of the Cybertruck holds... More

Chinese EV maker Zeekr delays U.S. IPO

According to sources familiar with the matter, Zeekr, a high-end electric vehicle (EV) label under the Chinese automotive giant Geely, has put their planned U.S. initial public offering (IPO) on hold due to differing valuation expectations.

Amidst shaky global financial markets, a third source mentioned that the decision to delay the IPO was due to the volatility. None of the sources agreed to be identified as the info hasn't been made public yet.

Zeekr, which recently filed for a prospectus to list shares in New York, expected to retain... More

Midday movers: Snowflake, Salesforce, and more

(Updated - November 30, 2023 12:12 PM EST)

Investing.com -- Main U.S. indexes were mixed on Thursday after inflation and jobs data didnt change investors' opinion on the timing of Fed rate cuts. The Dow Jones Industrial Average climbed 0.8%, with gains led by Salesforce. Nasdaq slumped 0.7%, and the S&P 500 was down 0.1%.

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

Snowflake (NYSE: SNOW) stock rose 5% after the data warehousing company impressed with its... More

NIO (NIO) PT Lowered to $11 at Deutsche Bank

Deutsche Bank analyst Vincent Ha lowered the price target on NIO (NYSE: NIO) to $11.00 (from $16.00) while maintaining a Buy rating.... More

Starting at $60,990, Tesla's Cybertruck is priced 50% higher than initial estimate

By Akash Sriram, Hyunjoo Jin and Abhirup Roy

(Reuters) -Tesla's long-delayed Cybertruck will be priced starting at $60,990, over 50% more than what CEO Elon Musk had touted in 2019 and a cost analysts have said will draw select, affluent buyers.

The truck, made of shiny stainless steel and shaped into flat planes, is partly inspired by a car-turned-submarine in the 1977 James Bond movie "The Spy Who Loved Me," Musk has said.

Its new body material and unconventional, futuristic styling has added complexity and costs to production, and threatens to alienate traditional pickup truck buyers who focus on utility, experts... More

Active options: TSLA NVDA GME AAPL MSFT AMZN AMD META AMC

Active options: TSLA NVDA GME AAPL MSFT AMZN AMD META AMC

UAW push to organize Tesla (TSLA) and non-union auto sector

The United Auto Workers (UAW) union announced Wednesday their plan to unionize electric vehicle maker, Tesla (NASDAQ: TSLA) as well as the entirety of the nonunion auto industry in the United States.

This move follows the unions successful negotiation of new contracts with the Detroit Three automakers.

UAW revealed that employees from 13 nonunion automakers have launched coordinated campaigns nationwide to join the union.

These efforts encompass companies such as Tesla, Toyota (NYSE:... More

Nio (NIO) teams with Geely to advance battery swapping in EVs

Chinese automakers Nio (NYSE: NIO) and Zhejiang Geely Holding Group, on Wednesday, announced a strategic partnership agreement focused on battery swapping.

This collaboration between the automakers involves joint efforts in setting standards, advancing technology, and developing models.

Geely, known for its diverse brands like Volvo and Zeekr, becomes the second automaker to... More

Tesla (TSLA) option implied volatility into Cybertruck event

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 43; compared to its 52-week range of 42 to 97 into a Cybertruck event at Gigafactory Texas on Thursday, November 30, 2023.

Active options: TSLA AAPL NVDA AMD F AMZN PLTR AMC GME BABA

Active options: TSLA AAPL NVDA AMD F AMZN PLTR AMC GME BABA

China's Nio teams up with Geely on auto battery swapping

BEIJING (Reuters) - Chinese automakers Nio and Zhejiang Geely Holding Group said on Wednesday they had signed a strategic partnership agreement on battery swapping that would see them work together on standards, technology and model development.

The deal makes Geely, whose brands range from Volvo to Zeekr, the second automaker to sign a battery swapping partnership with Chinese electric vehicle maker Nio.

Nio, which has been looking to lower costs, announced a tie-up with Changan Automobile last... More

U.S. stocks higher at close of trade; Dow Jones Industrial Average up 0.24%

Investing.com U.S. stocks were higher after the close on Tuesday, as gains in the Consumer Goods, Technology and Basic Materials sectors led shares higher.

At the close in NYSE, the Dow Jones Industrial Average added 0.24% to hit a new 3-months high, while the S&P 500 index added 0.10%, and the NASDAQ Composite index climbed 0.29%.

The best performers of the session on the Dow Jones Industrial Average were 3M Company (NYSE: MMM), which rose 1.47% or 1.43 points to trade at 98.50 at the close. Meanwhile,... More

Active options: TSLA NVDA AMZN AAPL MSFT AMD COIN MARA WBD AFRM

Active options: TSLA NVDA AMZN AAPL MSFT AMD COIN MARA WBD AFRM

Tesla China (TSLA) insurance registrations reach 16.7K in November’s 4th week

Tesla (NASDAQ: TSLA) China's insurance registrations show a slight increase in the week ending November 26, with a recorded count of 16,700 across the nation. This marks a 2.45% rise from the preceding week's figure of 16,300.

To provide context, the first week of November logged 14,000 insurance registrations, followed by 12,700 in the second week.

Tesla China... More

Wedbush maintains Outperform on Tesla (TSLA) ahead of 'historical' launch event

Wedbush reiterated an outperform rating on Tesla (NASDAQ: TSLA) with a 12-month price target of $310.00 on the stock as the electric automaker prepares for their much-anticipated Cybertruck delivery event this Thursday at the companys Austin gigafactory.

This is another historical moment for Tesla and Musk with the Cybertruck unveil as the Street is excited to see the formal vehicle launch, Wrote Wedbush analysts in a note.

Although the electric automaker has not... More

Midday movers: Boeing, Micron, Tesla and more

(Updated - November 28, 2023 12:30 PM EST)

Investing.com -- Main U.S. indexes rose after comments from a number of Fed officials reinforced the idea that inflation is slowing and lifted hopes of a potential rate cut next year.

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

Affirm Holdings (NASDAQ: AFRM) stock rose 7.5% with the buy now, pay later company expected to benefit from... More

Rumors that Cybertruck will cost between $50-80k - Wedbush

Wedbush analyst Daniel Ives reiterated an Outperform rating and $310.00 price target on Tesla (NASDAQ: TSLA) after the company scheduled a Cybertruck event for this Thursday to celebrate the first deliveries.

The analyst commented: "This is another historical moment for Tesla and... More

Active options: TSLA NVDA AMZN AAPL AMD MSFT AFRM COIN

Active options: TSLA NVDA AMZN AAPL AMD MSFT AFRM COIN

Tesla (TSLA) option implied volatility into a Cybertruck event at Gigafactory

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 42; compared to its 52-week range of 42 to 97 into a Cybertruck event at Gigafactory Texas on Thursday, November 30, 2023.