Elon Musk suggests Cybertruck impact may not be felt until 2025

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

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

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

Tesla's global EV share fell to 13% in October from 17% in September - analyst

Tesla's (NASDAQ: TSLA) share of the global electric vehicle (EV) market declined to 13% in October, down from September's 17%, according to Morgan Stanley analyst Adam Jonas.

While the company still maintains an 18% market share overall in the global EV market for the year 2023, Jonas... More

China releases safety guidelines for autonomous public vehicles

China released safety protocols on Tuesday governing the deployment of self-driving vehicles in public transportation, marking another step in readiness for the growing integration of autonomous cars.

The guidelines cover self-driving vehicles designated for transporting passengers, such as taxis, and those involved in freight transportation, as highlighted by the Ministry of Transport's official statement.

They specifically address... 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

Midday movers: CVS Health, Apple, and more

(Updated - December 5, 2023 12:14 PM EST)

Investing.com Main U.S. indexes were mixed on Tuesday. Data on job openings in October hinted at easing of labor demand, fueling hopes the Fed would consider lowering interest rates before the middle of next year, but investors were cautious ahead of Fridays official November payrolls number.

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

Take-Two Interactive Software (NASDAQ: TTWO) stock fell 1.8% after the video game company released the first trailer for its highly-anticipated "Grand Theft Auto VI" title, saying it... 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

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

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

Active options: TSLA NVDA AAPL MSFT AMZN MARA AMD META

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

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

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Active options: TSLA NVDA BABA AMZN CHPT AAPL

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

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