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

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

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

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

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) Model Y sold out in China till end of year

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

Active options: TSLA AMD AAPL AMZN GOOGL META MARA MSFT

Active options: TSLA AMD AAPL AMZN GOOGL META MARA MSFT

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

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

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

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

Norway wealth fund pushes Tesla for union recognition, will keep its stake

By Terje Solsvik

OSLO (Reuters) -U.S. automaker Tesla Inc should respect fundamental labour rights including collective bargaining, Norway's $1.5 trillion sovereign wealth fund said, while adding it would keep its stake in the company and seek to influence policy over time.

The electric vehicle producer faces a backlash in the Nordic region from unions and some pension funds over its refusal to accept a demand from Swedish mechanics for collective bargaining rights covering wages and other conditions.

Norges Bank Investment Management (NBIM), the world's largest stock market investor and Tesla's 7th biggest shareholder with a 0.88% stake... More

China car sales growth speeds up in November as price war intensifies

BEIJING/SHANGHAI (Reuters) -China's passenger vehicle sales rose 25.5% in November from a year earlier, faster than the prior month and extending growth to a fourth month, industry data showed on Friday, as automakers stepped up a price battle to meet sales goals.

Car sales totalled 2.1 million units last month, data from the China Passenger Car Association (CPCA) showed, while growth accelerated from October's 9.9% jump.

Sales of new energy vehicles - electric vehicles and plug-in hybrids - grew 39.8% in November from a year earlier, surpassing a 37.5% rise in October and accounting for 40% of total car sales as promotions and... More

Bernstein's best idea for 2024? Short Tesla stock

Bernstein is promoting short Tesla stock as its best idea for 2024, with their analyst seeing nearly 40% downside risk from current levels.

Analyst Toni Sacconaghi has an Underweight rating on Tesla (NASDAQ: TSLA) and a $150 per share price target.

Tesla stock closed 1.4% up on Thursday and its up 97% year-to-date.

At a fundamental level, 2023 has been a very difficult year for Tesla, with 2023 EPS ~50% below consensus estimates at the start of the year. Yet amazingly, the stock has nearly doubled YTD, Sacconaghi said in a note to clients on Friday.

Tesla's primary challenge,... More

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

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

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

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

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

(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.

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

EV maker Nio considers more job cuts after shedding 10% staff - Bloomberg News

(Reuters) - Chinese electric vehicle (EV) maker Nio Inc may undertake further job cuts after the company announced plans to cut 10% of its workforce last month, Bloomberg News reported on Thursday, citing people familiar with the matter.

Some departments were asked to prepare reserve lay-off lists, which may... More

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

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

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

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

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

Deutche Bank releases their top auto picks for 2024

Deutsche Bank recently unveiled its top selections in the automotive sector for 2024, reflecting a mixed year with positive strides and persistent challenges. Despite the positive momentum in volume recovery and encouraging trends in EV adoption, the industry faced hurdles such as the enduring impact of a lengthy UAW strike and fluctuating EV adoption rates due to pricing uncertainties and tax credit fluctuations.

The analysts at Deutsche Bank are cautious about the upcoming year, citing uncertainties in the economic outlook for both Europe and the US. They anticipate a scenario where global automotive volumes either plateau or decline, offering... 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 Inc. (NIO) call put ratio 2.5 calls to 1 put as share price up 9%

NIO Inc. (NYSE: NIO) 30-day option implied volatility is at 65; compared to its 52-week range of 56 to 92. Call put ratio 2.5 calls to 1 put as share price up 9%.

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

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.

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

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

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

NIO (NIO) PT Lowered to $8.50 at JPMorgan

JPMorgan analyst Nick Lai lowered the price target on NIO (NYSE: NIO) to $8.50 (from $10.50) while maintaining a Neutral rating.... More

NIO (NIO) PT Lowered to $15 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh lowered the price target on NIO (NYSE: NIO) to $15.00 (from $18.00) while maintaining a Buy rating.... More

Li Auto Inc. (LI) call put ratio 3.1 calls to 1 put

Li Auto Inc. (NASDAQ: LI) 30-day option implied volatility is at 49; compared to its 52-week range of 47 to 89. Call put ratio 3.1 calls to 1 put.

Exclusive-China EV maker Nio to spin off its battery production unit -sources

SHANGHAI (Reuters) - Chinese electric vehicle maker Nio plans to spin off its battery manufacturing unit, according to two people with knowledge of the matter, as part of the efforts by the company to turn profitable, reduce costs and improve efficiency.

The nascent battery unit, led by senior manufacturing engineers whose previous employers include Apple and Panasonic, will seek external investors after the spin-off that could happen as early as the end of this year, with a valuation to be decided later, the people said.

They spoke on condition of anonymity because the information is confidential.