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

Ford (F) to cut F-150 Lightning production by 50% in 2024

December 11, 2023 5:35 PM EST

Automotive News reports Monday that Detroit automaker, Ford Motor (NYSE: F) has sent a memo to suppliers with plans to cut production on the companys F-150 Lightning electric pickup truck by half in 2024.

"Changing market demand," was the reasoning given for the steep pullback.

The announcement... More

Nordic pension funds urge Tesla (TSLA) to respect collective bargaining

December 11, 2023 3:29 PM EST

Four Norwegian pension funds revealed Monday that a group of funds from the Nordic region will, later this week, send a letter to U.S. electric carmaker, Tesla (NASDAQ: TSLA) urging the EV company to respect collective bargaining for its employees.

Tesla has attracted criticism from unions and several pension funds in the area due to its rejection of the Swedish... More

China says revised NEV tax incentives ensure 90% eligibility for EVs

December 11, 2023 10:52 AM EST

China's industry ministry announced Monday that over 90% of the countrys existing new energy vehicle (NEV) models will maintain eligibility for tax incentives on purchases, thanks to updated technical criteria.

According to a statement from the Ministry of Industry and Information Technology, the technical criteria for new energy... More

Tesla (TSLA) China plans to build auto research center in Thailand as EVs gain popularity

December 8, 2023 3:43 PM EST

Thailand revealed Friday that China is planning to establish a China Automotive Technology and Research Center (CATARC) in the region, the fourth such facility in the world.

Tax incentives and subsidies offered by the Thai government have successfully attracted Chinese car manufacturers such as BYD and Great Wall... More

Tesla (TSLA) Model Y sold out in China till end of year

December 8, 2023 2:46 PM EST

Tesla's (NASDAQ: TSLA) Model Y Standard Range configuration in China is completely sold out for the remainder of 2023, as the company strives to achieve its ambitious target of delivering 1.8 million vehicles this year.

China stands out as one of Tesla's most successful markets,... More

Experts concerned Tesla (TSLA) Cybertruck’s stiff structure poses safety risk

December 8, 2023 12:12 PM EST

Safety experts are expressing concerns about the angular structure of Tesla's (NASDAQ: TSLA) Cybertruck, fearing that its rigid stainless-steel exterior might pose risks to pedestrians, cyclists, and other vehicles on the roads.

The crash test videos streamed by Tesla during a November 30 event sparked extensive discussions on social media. However, experts who viewed the videos emphasized the necessity of crash-test data to form definitive conclusions regarding the vehicle's safety.

"The big problem there is if they really make the skin of the vehicle very stiff by using thick stainless... More

Tesla (TSLA) dispute sparks Nordic solidarity strikes

December 8, 2023 10:27 AM EST

A conflict over labor conditions involving Tesla (NASDAQ: TSLA) and the Swedish trade union IF Metall has gained support from multiple unions in the Nordic region. The unions are collectively urging the automaker to engage in a collective bargaining agreement.

Initiated by approximately 130 IF Metall members on October 27, a strike prompted additional solidarity actions from dockworkers, cleaners, and car dealershipsa strategy... More

Chinese auto sales surge 25% in November, marking fourth consecutive month of growth

December 8, 2023 9:03 AM EST

China witnessed a 25.5% surge in passenger vehicle sales this November compared to last year, marking a faster pace of growth than the previous month and continuing an upward trend for the fourth consecutive month.

Industry data released on Friday by the China Passenger Car Association (CPCA) revealed that car sales reached 2.1 million units last month, showcasing an acceleration from the 9.9% increase observed in October. This surge in sales was propelled by intensified price competition among automakers striving to achieve their sales targets.

November witnessed a remarkable... More

U.S. House votes to pause Biden EV regulations

December 7, 2023 3:48 PM EST

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

December 7, 2023 3:03 PM EST

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

Tesla (TSLA) Replaces Head Of Dojo Supercompter Project: Sources - Bloomberg

December 7, 2023 12:14 PM EST

(Updated - December 7, 2023 12:15 PM EST)

Tesla (NASDAQ: TSLA) Replaces Head Of Dojo Supercompter Project: Sources - Bloomberg

Tesla Taps Peter Bannon To Lead Dojo,Former Dojo Head Ganesh Venkataramanan Has Left Tesla... More

Elon Musk Says Disney's (DIS) Bob Iger Should be Fired

December 7, 2023 10:44 AM EST

(Updated - December 7, 2023 10:45 AM EST)

Elon Musk Says Disney's (NYSE: DIS) Bob Iger Should be Fired

He should be fired immediately.

Walt Disney is turning in his grave over what Bob has done to his company.

Elon Musk (@elonmusk) December 7, 2023

... More

Over 1,000 VW workers sign union cards in Tennessee

December 7, 2023 10:34 AM EST

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

SpaceX Tender Offer Said To Value Startup At Above $175 Billion - Bloomberg

December 6, 2023 6:00 PM EST

SpaceX Tender Offer Said To Value Startup At Above $175 Billion - Bloomberg

... More

Norway union to join Tesla (TSLA) blockade

December 6, 2023 4:17 PM EST

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

Active options: TSLA NVDA AMD AAPL HOOD NIO PLTR SOFI RIVN BABA

December 6, 2023 3:50 PM EST

Active options: TSLA NVDA AMD AAPL HOOD NIO PLTR SOFI RIVN BABA

... More

Tesla (TSLA) call put ratio 1.6 calls to 1 put as share price up 1.8%

December 6, 2023 10:50 AM EST

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 45; compared to its 52-week range of 42 to 96. Call put ratio 1.6 calls to 1 put.

... More

Popular stocks with increasing volume: TSLA AAPL NVDA AMZN HOOD MARA

December 6, 2023 9:52 AM EST

Popular stocks with increasing volume: TSLA AAPL NVDA AMZN HOOD MARA

... More

Active options: TSLA AAPL NVDA AMZN MARA HOOD META NIO

December 5, 2023 3:29 PM EST

Active options: TSLA AAPL NVDA AMZN MARA HOOD META NIO

... More

Elon Musk suggests Cybertruck impact may not be felt until 2025

December 5, 2023 3:23 PM EST

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

December 5, 2023 2:54 PM EST

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

December 5, 2023 1:56 PM EST

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

December 5, 2023 9:38 AM EST

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

December 5, 2023 9:15 AM EST

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

December 5, 2023 8:29 AM EST

(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

December 5, 2023 8:21 AM EST

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

December 5, 2023 2:13 AM EST

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