Tesla (TSLA) announces some Model 3 EVs will lose $7,500 tax credit

Dutch regulators say no Tesla (TSLA) recall planned in Europe

December 15, 2023 11:56 AM EST

The Dutch vehicle authority RDW announced Friday that there are no immediate plans for a Tesla (NASDAQ: TSLA) recall in Europe, despite a recent 2 Million unit recall in the United States over worries regarding their Autopilot driver assistance systems.

RDW, responsible for safety approval of Teslas in Europe, highlighted variations in... More

Nio (NIO) to bring Firefly brand to Europe in 2025

December 15, 2023 11:29 AM EST

Lihong Qin, the president of Chinese electric vehicle (EV) maker, Nio (NYSE: NIO) announced Friday that the company plans to launch its cheaper Firefly brand in Europe in 2025.

During an online press conference, Qin mentioned that both Firefly and Alps brands will cater to family-oriented car models, with Firefly focusing on... More

Morgan Stanley remains bullish on Tesla (TSLA) following 2M unit recall

December 15, 2023 10:45 AM EST

Morgan Stanley reiterated an Overweight rating on Top Pick Tesla (NASDAQ: TSLA) with a 12-month price target of $380.00 on the stock after the electric automaker was forced to recall over 2 million vehicles to address a faulty autopilot system.

Morgan Stanley analysts wrote in a note, In our opinion the essential tech is good. The in situ alerts and product marketing were overdue for tweaking. Tesla is still leading on edge... More

Morgan Stanley Out Positive on Tesla (TSLA)

December 14, 2023 4:48 PM EST

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $380.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "We believe that Tesla offers compelling long-term FCF growth potential. From a FY23 base, we forecast Tesla EPS grows at a 27% CAGR through... More

French EV subsidy change challenges China-made market

December 14, 2023 2:34 PM EST

France, on Thursday, released a list of cars indicating which vehicles qualify for the countrys newly updated regulations. The new updates cover consumer incentives for buying electric cars, prioritizing vehicles manufactured in France and Europe over those produced in China.

Approximately 65% of electric cars sold in France will meet the requirements outlined in the scheme. Starting Friday, the updated criteria will also consider the quantity of carbon emissions during the manufacturing process of an electric vehicle.

Among the qualifying models listed, 24 are manufactured by the Franco-Italian group Stellantis (NYSE:... More

Nordic investors send letter urging Tesla (TSLA) to end labor dispute

December 14, 2023 1:47 PM EST

A group of Nordic institutional investors Thursday sent a letter to electric vehicle maker Tesla (NASDAQ: TSLA) expressing their deep concern regarding the ongoing dispute between the company and labor unions in Sweden. The investors urged Tesla to reassess its stance on collective bargaining, citing concerns over the conflict.

Tesla has encountered criticism from unions and certain pension... More

Deutsche Bank cuts estimates on Tesla (TSLA) ahead of 4Q results

December 14, 2023 11:08 AM EST

Deutsche Bank reiterated a Buy rating on Tesla (NASDAQ: TSLA) but trimmed their 12-month price target on the electric vehicle stock to $260.00 (From $275.00) ahead of the companys 4Q earnings and delivery reports.

Analysts at Deutsche Bank are expecting Tesla to report 4Q23 delivery results near their 476k unit estimate. If achieved, the automaker will have reached 1.8m units for the year as it guided.

However, analysts are still... More

Tesla (TSLA) cuts wait times in China

December 14, 2023 8:27 AM EST

Tesla's (NASDAQ: TSLA) Model 3 sedan and Model Y crossover are now experiencing reduced wait times in China, The first adjustment in wait times since November.

In China, the expected delivery period for the Model 3 Long Range has been updated to 2-6 weeks, a decrease from the previous 6-9 weeks, as indicated on Tesla's China website.... More

Indonesia eases tax rules on EV imports in bid to attract investment

December 13, 2023 10:14 AM EST

The Indonesian government released details of new regulations, signed December 8th, designed to attract investors looking to build electric vehicle (EV) plants in the country.

The new regulations will grant automakers that plan to build electric vehicle plants tax incentives on their imports of completely built EVs until 2025.

Under the plan, companies that have already invested in EV plants, intend to boost their EV investments, or have plans for future investments in this sector... More

Swedish union to halt waste collection at Tesla (TSLA) locations

December 13, 2023 9:53 AM EST

Sweden's Transport Workers' Union revealed Wednesday that the organization would discontinue waste collection at Tesla (NASDAQ: TSLA) locations in Sweden. The union joins a growing collection of labor groups enacting sympathy strikes on behalf of Tesla employees, with an aim to pressure the electric automaker into accepting a collective bargaining agreement for their staff.

Tesla is facing backlash in the Nordic region due to opposition... More

Citi Comments on Tesla (TSLA) Autopilot Recall

December 13, 2023 9:29 AM EST

Citi analyst Itay Michaeli reiterated a Neutral rating and $255.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Tesla is recalling vehicles >2mln vehicles for an Autopilot-related issue. The issue will be remedied via an over-the-air (OTA) software update, so wed expect... More

Tesla (TSLA) recalls over 2M EVs to fix faulty Autopilot

December 13, 2023 7:41 AM EST

(Updated - December 13, 2023 9:41 AM EST)

UPDATE: Analyst comments and market reaction

The National Highway Traffic Safety Administration (NHTSA) released documents Wednesday announcing that electric vehicle maker, Tesla (NASDAQ: TSLA) will recall more than 2 million vehicles to fix a faulty system thats supposed to ensure drivers are paying attention when they use Autopilot.

Shares of TSLA opened trading on Wednesday down 0.25%.

According to the documents, the company will send out an over-the-air software update to fix the problems.

The recall affects the 2012-2023 Model... More

Tesla (TSLA) dips as it recalls more than 2 million vehicles to fix autopilot safety flaws

December 13, 2023 6:19 AM EST

Tesla (NASDAQ: TSLA) dips on news it has recalled more than 2 million vehicles to fix autopilot safety flaws

related to an investigation by the NHTSA that will remain openTesla will roll out the update to certain Model S, X, 3 and Y vehicles shares down 1.3%... More

Tesla recalls nearly all vehicles on US roads over lack of Autopilot safeguards

December 13, 2023 5:59 AM EST

By David Shepardson

WASHINGTON (Reuters) -Tesla is recalling over 2 million vehicles in the U.S. to install new safeguards in its Autopilot advanced driver-assistance system, after a federal safety regulator cited safety concerns.

The largest-ever Tesla recall appears to cover nearly all vehicles on U.S. roads to better ensure drivers pay attention when using the system. Tesla's recall filing said that Autopilot's software system controls "may not be sufficient to prevent driver misuse" and could increase the risk of a crash.

The National Highway Traffic Safety Administration (NHTSA) has spent over two years investigating whether... More

Active options: TSLA AMD NVDA AAPL ORCL AMZN META

December 13, 2023 4:45 AM EST

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Tesla (TSLA) set to lose $7.5K tax credit on select Model 3s

December 13, 2023 3:37 AM EST

Tesla (NASDAQ: TSLA) is set to lose $7,500 tax credit on some of Model 3 variants, according to a late Tuesday notice on the company's configuration page.

Starting December 31st, Model 3 Rear-Wheel Drive and Long Range vehicles will no longer qualify for the $7,500... More

Tesla to lose $7,500 consumer tax credits for some Model 3 vehicles

December 13, 2023 3:05 AM EST

(Reuters) - Tesla's Model 3 Rear-Wheel Drive and Long Range vehicles will lose an up to $7,500 federal tax credit from Dec. 31 based on new guidance under the U.S. Inflation Reduction Act, a message on the U.S automaker's website showed late Tuesday.

The U.S. Treasury issued guidelines earlier this month detailing new battery sourcing restrictions that take effect Jan. 1 aimed at weaning the... More

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December 12, 2023 1:50 PM EST

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December 12, 2023 10:05 AM EST

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RBC says a 'crowded' rally in Magnificent 7 is 'in need of a pause'

December 12, 2023 6:05 AM EST

(Updated - December 12, 2023 8:41 AM EST)

RBC Capital Markets strategist Lori Calvasina suggests that the mega-cap growth trade is currently overvalued, crowded, and could benefit from a pause.

Calvasina notes that the rate of upward earnings-per-share estimate revisions is no longer strongly favoring the top 10 names compared to the broader market, as observed in the first half of 2023.

The performance of the top 10 names in the S&P 500 relative... More

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December 12, 2023 3:28 AM EST

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Tesla says it is 'morally obligated' to continue improving Autopilot, reiterates safety claims

December 11, 2023 10:43 PM EST

(Reuters) - U.S. automaker Tesla Inc on Monday said it has a "moral obligation" to continue improving its Autopilot driver assistant system and make it available to more consumers based on data that showed stronger safety metrics when it was engaged.

In response to a Washington Post investigation of serious crashes involving Autopilot on roads where the feature could not reliably operate, the company said its data showed it was saving lives and preventing injuries.

The Post report said the newspaper had identified at least eight crashes between 2016 and 2023 where Autopilot could be activated in... More

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

Active options: TSLA AMD NVDA AAPL AMZN MARA MSFT META GOOGL BABA

December 11, 2023 10:20 AM EST

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Tesla to be asked by Nordic pension funds to respect collective bargaining

December 11, 2023 4:44 AM EST

By Jacob Gronholt-Pedersen

COPENHAGEN (Reuters) -U.S. carmaker Tesla Inc will be urged to respect collective bargaining for its employees in the Nordic region in a joint letter to be sent by a group of pension funds this week, four of the funds said on Monday.

Tesla is facing a backlash from unions and some pension funds in the region over its refusal to accept a demand from Swedish mechanics for collective bargaining rights covering wages and other conditions.

"Tesla's attitude against the right to collective bargaining is of deep concern," said a draft of the... More