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Dutch regulators say no Tesla (TSLA) recall planned in Europe
December 15, 2023 11:56 AM ESTThe 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 ESTLihong 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 ESTMorgan 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 ESTMorgan 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 ESTFrance, 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 ESTA 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 ESTDeutsche 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 ESTTesla'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
Swedish union to halt waste collection at Tesla (TSLA) locations
December 13, 2023 9:53 AM ESTSweden'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
Active options: TSLA AMD NVDA AAPL AMZN ORCL META PFE
December 13, 2023 9:43 AM ESTActive options: TSLA AMD NVDA AAPL AMZN ORCL META PFE
... MoreCiti Comments on Tesla (TSLA) Autopilot Recall
December 13, 2023 9:29 AM ESTCiti 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
HSBC cuts Ferrari (RACE) to Hold, upgrades Porsche on China exposure
December 13, 2023 9:25 AM ESTHSBC Global Research downgraded Ferrari (NYSE: RACE) to a Hold rating (From Buy) and raised their 12-month price target on the luxury auto stock to $340.00 (From $325.00) as analysts believe consensus for 2024 appears stretched and the potential for an earnings surprise appears limited.
At the same time, HSBC upgraded rival luxury automaker, Porsche AG to a Buy rating (From Hold) and cut their 12-month price target on the stock to $100.00 (from $110.00) following the companys recent price correction.
During economic... More
Midday movers: Pfizer, Etsy, and more
December 13, 2023 8:05 AM EST(Updated - December 13, 2023 12:03 PM EST)
Investing.com -- Main U.S. indexes climbed ahead of the conclusion of the Federal Reserves final policy meeting of the year, where it is expected to leave rates unchanged. Focus will also be Fed Chair Jerome Powells comments after the policy announcement.
Here are some of the biggest U.S. stock movers today:
Netflix (NASDAQ: NFLX) stock rose 2.2% after the streaming giant released viewership figures across its catalog, responding to criticism over its perceived lack of transparency over how... More
Stocks expected to have increasing option volume: LUV PFE TSLA RIVN
December 13, 2023 8:04 AM ESTStocks expected to have increasing option volume: LUV PFE TSLA RIVN
... MoreTesla (TSLA) announces some Model 3 EVs will lose $7,500 tax credit
December 13, 2023 7:50 AM ESTElectric automaker, Tesla (NASDAQ: TSLA) revealed on their website late Tuesday that the companys Model 3 Rear-Wheel Drive and Long Range EV will no longer qualify for a $7,500 federal tax credit starting December 31st based on new guidance under the U.S. Inflation Reduction Act.
The U.S. Treasury, earlier this month, released guidelines outlining fresh battery sourcing... 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 ESTTesla (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%... MoreTesla recalls nearly all vehicles on US roads over lack of Autopilot safeguards
December 13, 2023 5:59 AM ESTBy 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 ESTActive options: TSLA AMD NVDA AAPL ORCL AMZN META
... MoreTesla (TSLA) set to lose $7.5K tax credit on select Model 3s
December 13, 2023 3:37 AM ESTTesla (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
Stellantis NV (STLA:IM) (STLA) PT Raised to EUR25 at BofA Securities
December 13, 2023 3:13 AM ESTBofA Securities analyst Horst Schneider raised the price target on Stellantis NV (STLA:IM) (NYSE: STLA) to EUR25.00 (from EUR23.00) while maintaining a Buy rating.... 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
Active options: TSLA AMD NVDA AAPL ORCL AMZN META GOOGL PFE
December 12, 2023 1:50 PM ESTActive options: TSLA AMD NVDA AAPL ORCL AMZN META GOOGL PFE
... MoreActive options: TSLA ORCL NVDA AMD AAPL AMZN AMAT MSFT GOOGL
December 12, 2023 10:05 AM ESTActive options: TSLA ORCL NVDA AMD AAPL AMZN AMAT MSFT GOOGL
... MoreRBC 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
Active options: TSLA AMD NVDA AAPL AMZN META MARA GOOGL
December 12, 2023 3:28 AM ESTActive options: TSLA AMD NVDA AAPL AMZN META MARA GOOGL
... MoreStellantis NV (STLA:FP) (STLA) PT Raised to EUR24 at Morgan Stanley
December 12, 2023 12:13 AM ESTMorgan Stanley analyst Harald Hendrikse raised the price target on Stellantis NV (STLA:FP) (NYSE: STLA) to EUR24.00 (from EUR20.00) while maintaining a Overweight rating.... More
Stellantis NV (STLA) PT Raised to $26 at Morgan Stanley
December 12, 2023 12:08 AM ESTMorgan Stanley analyst Harald Hendrikse raised the price target on Stellantis NV (NYSE: STLA) to $26.00 (from $22.00) while maintaining a Overweight rating.... More
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 ESTAutomotive 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 ESTFour 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
UAW accuses VW, Hyundai, and Honda of illegal union busting
December 11, 2023 3:13 PM ESTThe United Auto Workers (UAW) union announced Monday that workers organizing with the UAW at Honda (NYSE: HMC) in Indiana, Hyundai in Alabama, and Volkswagen in Tennessee, have filed charges against management for illegally union-busting.
The union, riding high on recent wins in Detroit, has been collaborating with employees from 13 different automakers to unite their workforce. Altogether, approximately 150,000 autoworkers are covered by this union effort.
These companies are breaking the law in an attempt to get... More
China says revised NEV tax incentives ensure 90% eligibility for EVs
December 11, 2023 10:52 AM ESTChina'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 ESTActive options: TSLA AMD NVDA AAPL AMZN MARA MSFT META GOOGL BABA
... MoreWells Fargo starts Stellantis (STLA) at Underweight ahead of industry headwinds
December 11, 2023 9:17 AM ESTWells Fargo initiated coverage on Stellantis (NYSE: STLA) with an underweight rating and a 12-month price target of 18.
We believe the market is likely underestimating the magnitude of the structural challenges that the industry faces over the next few years. Wrote Wells Fargo analysts in a note.
Key headwinds include... More
Wells Fargo Starts Stellantis NV (STLA:FP) (STLA) at Underweight, 'cautious view on the industry into 2024 and beyond'
December 11, 2023 5:11 AM EST(Updated - December 11, 2023 5:11 AM EST)
Wells Fargo analyst Colin Langan initiates coverage on Stellantis NV (STLA:FP) (NYSE: STLA) with a Underweight rating and a price target of EUR18.00.
The analyst comments "We initiate on STLA with an UW rating & 18... More
Tesla to be asked by Nordic pension funds to respect collective bargaining
December 11, 2023 4:44 AM ESTBy 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
Stellantis NV (STLA:IM) (STLA) PT Raised to EUR24 at Morgan Stanley
December 11, 2023 2:32 AM ESTMorgan Stanley raised its price target on Stellantis NV (STLA:IM) (NYSE: STLA) to EUR24.00 (from EUR20.00) while maintaining a Overweight rating.... More
