China releases safety guidelines for autonomous public vehicles

U.S. House votes to pause Biden EV regulations

The Republican-led House of Representatives, on Wednesday, voted to prevent the Biden administration from implementing strict regulations on vehicle emissions, which aimed to have 67% of new vehicles powered by electricity by 2032.

"While EVs may play a large role in the future of the auto industry, Washington should not discount other technologies like... More

Tata Motors urges India to maintain EV import tax

Tata Motors is urging Indian authorities to maintain the current 100% import taxes on electric vehicles in order to safeguard the domestic industry and its investors.

This request comes as the government evaluates Tesla's intentions to enter the market.

While India aims to enhance local manufacturing and increase the adoption of electric vehicles, Tesla (NASDAQ: TSLA) is seeking to establish a factory in India... More

Swedish court rules against Tesla (TSLA) in postal service dispute

Tesla (NASDAQ: TSLA) faced a setback in a legal dispute against Sweden's postal service on Thursday amid an escalating conflict with Nordic trade unions.

A Swedish court ruled that, for now, PostNord is not obligated to distribute license plates to Tesla, which have been withheld by the postal service's employees. This marks the latest development in a dispute regarding collective bargaining agreements.

The pressure on Tesla is mounting in Sweden, Norway, and Denmark, as unions supporting Swedish IF Metall's mechanicswho initiated a strike on October 27seek a collective agreement with the... More

Over 1,000 VW workers sign union cards in Tennessee

The United Auto Workers (UAW) union revealed Thursday that more than 1,000 Volkswagen factory workers at the automakers Chattanooga, Tennessee assembly plant have signed union authorization cards.

The news follows an announcement last week where the union said that they would launch a first-of-its-kind push to publicly organize the entire nonunion auto sector in the U.S. A push energized by record contract negotiations with the Detroit Three automakers.

The UAW said last week that when 30% of employees in a nonunionized facility sign cards expressing their... More

Nio (NIO) considers expanding job cuts

Chinas Nio Inc. (NYSE: NIO) is reportedly considering further workforce reductions following its recent announcement of a 10% job cut last month.

According to a report released by Bloomberg on Thursday, the electric automaker has instructed certain departments to prepare supplementary lists for potential layoffs,... More

Norway union to join Tesla (TSLA) blockade

Fellesforbundet, Norways largest private sector labour union revealed Wednesday that, starting this month, the union will start blocking transit shipments of Tesla (NASDAQ: TSLA) cars meant for the Swedish market. The act is part of a growing Nordic movement to support striking mechanics in Sweden.

IF Metall, the leading Swedish union, initiated industrial... More

XPeng (XPEV) G9 SUV earns 5-star safety rating from Euro NCAP

Chinese electric vehicle maker, XPeng Motors (NYSE: XPEV) announced Wednesday that the international model of their XPeng G9 SUV has received a five-star 2023 safety rating from Euro NCAP.

The five-star safety rating system by Euro NCAP is designed to assist consumers, families, and... More

Nio (NIO) to spin off battery unit

According to an exclusive report by Reuters, citing two unnamed sources familiar with the matter, Chinese electric vehicle maker Nio (NYSE: NIO) plans to spin off its battery manufacturing unit as part of efforts by the company to turn profitable, reduce costs and improve efficiency.

The emerging battery division, headed by experienced manufacturing engineers previously employed at Apple (NASDAQ: AAPL) and Panasonic, plans to... More

Elon Musk suggests Cybertruck impact may not be felt until 2025

Elon Musk, the CEO of Tesla, detailed his projections regarding the impact of the Tesla (NASDAQ: TSLA) Cybertruck on the company's financial outlook.

After four years since its initial unveiling, Tesla managed to begin deliveries of the Cybertruck last week, albeit in limited quantities.

With just a few units delivered, Tesla continues to strive towards optimizing its production methods for the Cybertruck. Achieving... More

Nio (NIO) gains following narrow 3Q losses

Shares of Chinese electric automaker, Nio Inc. (NYSE: NIO) jumped 4% after the company released their 3Q earnings report showing narrowing losses.

Nio announced revenue of 19.07 billion yuan in the quarter, coming in behind the consensus estimate of 19.4 billion. Revenue rose 47% year-on-year.

The automaker reported an adjusted EPS loss of 2.67 yuan, missing an expected loss of 2.53 yuan.

Investors are directing their attention towards the Chinese electric carmaker's capacity to exhibit greater... More

Nio (NIO) unit, state owned firm wins bid for JAC assets

Anhui Jianghuai Automobile (JAC) announced Tuesday that Nios (NYSE: NIO) Anhui division and a state-owned entity under the Hefei government of China successfully secured assets from JAC valued at a total of 4.58 billion yuan ($641.2 million).

Nio confirmed the deal in an exchange filing.

Under this agreement, Nio will acquire specific fixed assets and equipment from two JAC factories for 3.16 billion yuan. Additionally, Hefei... More

Wolfgang Porsche's wealth nearly halved in 2023 while Musk added $86 billion. Here's why

Stifel analysts analyzed the holdings and net worth of automobile billionaires around the globe with Elon Musk of Tesla (NASDAQ: TSLA) once again topping the list.

In 2023, Musks wealth saw a remarkable increase of $86 billion, reaching $223 billion. Susanne Klatten and her brother Stefan Quandt of BMW (OTC:... More

Tesla (TSLA) faces union opposition in Denmark

The largest union in Denmark has pledged its backing to Swedish mechanics engaged in a strike against Tesla.

Members of the Danish 3F union, including harbor workers and drivers, intend to halt the unloading of vehicles bound for Sweden at Danish ports and cease transporting them to Sweden for approximately two weeks. This move aims to impede Tesla from bypassing a blockade in Sweden that has persisted... More

NIO Inc. (NIO) Tops Q3 EPS by 35c

NIO Inc. (NYSE: NIO) reported Q3 EPS of (RMB2.28), RMB0.35 better than the analyst estimate of (RMB2.63). Revenue for the quarter came in at RMB19.07 billion versus the consensus estimate of RMB19.37 billion.

For earnings history and earnings-related data on NIO Inc. (NIO) click here.

Nio shares pop despite earnings, outlook miss

Shares in the electric vehicle (EV) maker Nio were up more than 3% in early New York trading on Tuesday after the company reported its third-quarter results.

Stock gains occurred despite Nio saying it generated revenue of 19.07 billion yuan in the third quarter, missing the consensus by 300 million yuan. Nio posted an adjusted loss per share of 2.67 yuan, again... More

NIO (NIO) Mentioned Mixed at Morgan Stanley, 'stock will likely stay volatile'

Morgan Stanley analyst Tim Hsiao reiterated an Overweight rating and $18.70 price target on NIO (NYSE: NIO)

The analyst comments "NIO reported a net loss of Rmb4.6bn in 3Q23 (vs. Rmb6.1bn loss in 2Q23) vs. the market's expectation of an Rmb5.5-6bn loss. Total revenue grew... More

NIO Inc. (NIO) call put ratio 2 calls to 1 put into quarter results

NIO Inc. (NYSE: NIO) December weekly 7.5 straddle is priced for a move of 12% into the expected release of quarter results before the bell on December 5. Call put ratio 2 calls to 1 put.

Danish dockworkers join Swedish strike action against Tesla

HELSINKI (Reuters) - Denmark's 3F labour union said on Tuesday it will support Swedish mechanics in their strike action against Tesla, and will refuse to unload or transport cars made by the U.S. auto company for customers in Sweden.

"Like the companies, the trade union movement is... More

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

NIO Inc. (NIO) call put ratio 2.4 calls to 1 put into quarter results and outlook

NIO Inc. (NYSE: NIO) December weekly call option implied volatility is at 130, December is at 97; compared to its 52-week range of 56 to 92 into the expected release of quarter results before the bell on December 5. Call put ratio 2.4 calls to 1 put.

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

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Active options: TSLA NVDA AAPL MSFT AMZN MARA AMD META

Midday movers: Uber, Spotify and more

(Updated - December 4, 2023 12:11 PM EST)

Investing.com -- Main U.S. indexes were lower on Monday, with Nasdaq leading the Dow and the S&P 500 amid broad weakness in megacap tech. Investors were cautious ahead of economic data later this week, including the November payroll report on Friday.

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

Alaska Air (NYSE: ALK) stock slumped 15% after the carrier agreed to acquire... More

US futures slip, bitcoin soars, COP28 - what's moving markets

Investing.com -- U.S. stocks are set to start the new week on a negative note, handing back some of the prior month's strong gains as traders await Friday's key jobs report. Bitcoin soars above $40,000, while crude retreats amid uncertainty over the actual extent of newly announced OPEC+ output cuts. The COP28 meeting is coming to an end, with its final agreement in dispute. 

U.S. stock futures fell on Monday, handing back some recent gains at the... More

China adds Nio to list of approved vehicle manufactures - website

SHANGHAI (Reuters) - Electric vehicle maker Nio has been added to a Chinese industry ministry database permitting companies to produce vehicles in the country, according to the ministry's website.

The website gave no details on whether or when a manufacturing licence was granted to Nio, which has since 2018 partnered with Anhui Jianghuai Automobile Group (JAC) to produce electric vehicles on a contract basis.

Nio said in response to a Reuters query that it currently had no information to... More

NIO Inc. (NIO) December weekly 7 straddle into quarter results

NIO Inc. (NYSE: NIO) December weekly 7 straddle is priced for a move of 11% into the expected release of quarter results before the bell on December 5.

Tesla's China-made EV sales fall 17.8% in Nov, biggest drop since Dec 2022

BEIJING/SHANGHAI (Reuters) - Sales of U.S. automaker Tesla's China-made electric vehicles (EVs) skidded 17.8% in November from the same month a year earlier, to 82,432 cars, China Passenger Car Association (CPCA) data showed on Monday.

That marked the biggest fall since December 2022 when Tesla's sales of China-made EVs fell 21% on the year as the U.S. automaker reduced output and cut prices to deal with rising inventories and weakening demand.

Deliveries of China-made Model 3 and Model Y cars were however 14.3% higher than in October.

Active options: TSLA NVDA AAPL MSFT AMZN AMD MARA

Active options: TSLA NVDA AAPL MSFT AMZN AMD MARA

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) call put ratio 3 calls to 1 put

NIO Inc. (NYSE: NIO) December weekly call option implied volatility is at 85, December is at 71; compared to its 52-week range of 56 to 92 into the expected release of quarter results before the bell on December 5. Call put ratio 3 calls to 1 put.

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

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Active options: TSLA NVDA BABA AMZN CHPT AAPL

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

Midday movers: Pfizer, Ulta Beauty, UiPath and more

(Updated - December 1, 2023 12:06 PM EST)

Investing.com -- Main U.S. indexes climbed following a speech from Fed Chair Jerome Powell. Powell said the Fed needs to move carefully on interest rates with risks more balanced, striking a slightly dovish tone.

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

Walt Disney (NYSE: DIS) stock erased a pre-open gain and declined 0.6%. The entertainment giant... More

5 Tesla analysts weigh in as Tesla stock lags after Cybertruck updates

At its Austin, Texas-area factory, Tesla (NASDAQ: TSLA) officially commenced sales of its Cybertruck, delivering the first pickups to customers.

The electric vehicle (EV) manufacturer also announced updated pricing for the truck, with the entry-level model starting at approximately $61,000. Tesla will offer two higher-end versions, including the Cyberbeast, with a starting price of nearly $100,000.

The Cybertruck is expected to have a battery range of up to 340 miles on a single charge, lower than the initially promised 500 miles for the top-of-the-line version. Tesla suggested an add-on could increase the range to 470 miles or... More

NIO (NIO) delivered 15,959 vehicles in November 2023, up 12.6%

NIO Inc. (NYSE: NIO) announced its November 2023 delivery results.

NIO delivered 15,959 vehicles in November 2023, increasing by 12.6% year-over-year. The deliveries consisted of 10,545 premium smart electric SUVs, and 5,414 premium smart electric sedans. Cumulative deliveries of NIO vehicles reached 431,582 as of November 30, 2023.

Futures mostly higher, Tesla reveals Cybertruck pricing - what's moving markets

Investing.com -- Traders look ahead to the start of the final month of trading in 2023 following a positive November for stocks on Wall Street. Elsewhere, Tesla (NASDAQ: TSLA) reveals a price tag for the cheapest model of its futuristic-looking Cybertruck that is well above boss Elon Musk's initial estimates, and a private survey shows Chinese manufacturing activity unexpectedly expanded last month.

1. Futures inch mostly higher; Powell appearances ahead

U.S. stock futures edged broadly higher on Friday after equities on Wall Street finished off their best... More

NIO Inc. (NIO) December weekly 7.5 straddle into quarter results

NIO Inc. (NYSE: NIO) December weekly 7.5 straddle is priced for a move of 11% into the expected release of quarter results before the bell on December 5.