Morgan Stanley remains bullish on Tesla (TSLA) following 2M unit recall
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Tesla (TSLA) urges US agency to pause racial bias lawsuit
December 19, 2023 3:35 PM ESTTesla (NASDAQ: TSLA) has requested a U.S. judge to temporarily halt a federal agency's legal action alleging severe harassment of Black employees at its California assembly plant. The company argues that two comparable cases should be resolved before proceeding.
In a filing submitted to the San Francisco federal court on Monday, Tesla stated that the U.S. Equal Employment Opportunity Commission (EEOC) hurriedly initiated the... More
Tesla (TSLA) China sees 18% increase in new vehicle registrations
December 19, 2023 3:19 PM ESTAccording to industry watchers. Tesla (NASDAQ: TSLA) China saw over 18,000 new vehicle insurance registrations last week. The impressive 18.83% increase over the previous weeks total suggests that the electric automaker may be focusing more recourses on the regions domestic market.
It should be noted... More
Carmakers to cover EV subsidies after Germany cuts funding
December 19, 2023 10:22 AM ESTFollowing the termination of the German state-funded scheme for electric vehicle (EV) buyers, automotive giants Audi, Mercedes-Benz, Stellantis (NYSE: STLA), and the Volkswagen have stepped up to start their own subsidy programs.
Despite their efforts to support EV purchasers, these manufacturer-backed incentives are set to conclude well before the previously intended end date of the state scheme, which was scheduled to run... More
Tesla (TSLA) to raise hourly pay for some workers at NV Gigafactory
December 19, 2023 9:13 AM ESTElectric automaker, Tesla Inc (NASDAQ: TSLA) announced Monday that the company would be raising the hourly pay of some workers at its gigafactory in Nevada by around 10% starting in early January.
The electric vehicle manufacturer is set to increase the hourly wages for its employees, raising the lower end from $20 to $22 per hour and the higher end... More
Recent poll shows majority of Swedes support strike against Tesla (TSLA)
December 18, 2023 11:35 AM ESTA recent opinion poll released by Novus shows a majority of responders in Sweden are in support of an ongoing mechanics strike at Tesla's (NASDAQ: TSLA) workshops in the country.
"A clear majority - or 58% of Swedes - believe the union is right to take the fight with Tesla," said daily Svenska Dagbladet, which commissioned the poll. "Only 20% of... More
Barclays expects Tesla (TSLA) to deliver solid 4Q delivery results ahead of Street
December 18, 2023 8:49 AM ESTBarclays reiterated an Equal Weight rating on Tesla, Inc. (NASDAQ: TSLA) with a 12-month price target of $260.00 ahead of the electric automakers 4Q deliveries report.
Following a disappointing 3Q deliveries result for Tesla, analysts at Barclays expect the company will report ~490k units delivered (ahead of the consensus estimate of ~480k), allowing the company to reach its 1.8 million unit delivery volume target for... More
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
Active options: TSLA NVDA AMD AAPL AMZN PLTR INTC MSFT NIO SOFI
December 15, 2023 9:58 AM ESTActive options: TSLA NVDA AMD AAPL AMZN PLTR INTC MSFT NIO SOFI
... MoreTesla (TSLA) PT Raised to $132 at Guggenheim
December 15, 2023 7:58 AM ESTGuggenheim analyst Ronald Jewsikow raised the price target on Tesla (NASDAQ: TSLA) to $132.00 (from $125.00) while maintaining a Sell rating.
The analyst commented, "We are updating numbers for TSLA to reflect the latest delivery trends, pricing and other items. 4Q23: We see deliveries tracking in line with 1.8 million unit guidance, led by strong China trends, a strong November in Europe (sustainable?) and continued softness in the US. On the pricing front, we believe pricing is tracking in... More
Nvidia stock, up 231% YTD, is the best 'budget' AI buy says Bernstein
December 15, 2023 7:25 AM ESTAfter introducing short Tesla (NASDAQ: TSLA) stock as its Top Idea for 2024, Bernstein analysts are back with another unorthodox call.
Buy cheap, budget-focused Nvidia (NASDAQ: NVDA) stock, which is up more than 230% year-to-date. Bernstein has a $700 per share price target on NVDA stock, which closed at $483.50 yesterday.
Analyst Stacy Rasgon acknowledges that it feels strange to complain about Nvidia stock performance this year. However, he also noted that massive return in... 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
US magistrate judge tentatively rules Musk must testify again for SEC
December 14, 2023 2:04 PM ESTNEW YORK (Reuters) - A U.S. Magistrate Judge in San Francisco on Thursday tentatively ruled that Elon Musk must testify again in the Securities and Exchange Commission's investigation of his $44 billion takeover of Twitter.
In court on Thursday, Magistrate Judge Laurel Beeler said the SEC's authorities to compel... More
US Magistrate Judge Tentatively Rules to Enforce SEC's Subpoena to Compel Elon Musk Testimony
December 14, 2023 1:48 PM EST(Updated - December 14, 2023 1:50 PM EST)
US Magistrate Judge Tentatively Rules to Enforce SEC's Subpoena to Compel Elon Musk Testimony
Judge: Appreciates Musk's frustration, but SEC's authorities to subpoena are broad.If musk and SEC do not agree, will order Musk to testify in... MoreNordic 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
Nordic investors urge Tesla to back down in Swedish labour dispute
December 14, 2023 10:05 AM ESTSTOCKHOLM (Reuters) -A group of Nordic institutional investors said in a letter to Tesla on Thursday they were deeply concerned by the conflict between the company and labour unions in Sweden, and asked it to reconsider its approach to collective bargaining.
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... More
Active options: TSLA AAPL AMZN NVDA SOFI AMD F BAC INTC PYPL
December 14, 2023 9:59 AM ESTActive options: TSLA AAPL AMZN NVDA SOFI AMD F BAC INTC PYPL
... MoreTesla (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
Tesla (TSLA) PT Lowered to $260 at Deutsche Bank
December 14, 2023 6:04 AM ESTDeutsche Bank analyst Emmanuel Rosner lowered the price target on Tesla (NASDAQ: TSLA) to $260.00 (from $275.00) while maintaining a Buy rating.... More
Tesla shortens expected delivery waiting time for Model 3, Y in China
December 13, 2023 9:03 PM ESTBEIJING (Reuters) - Tesla has shortened the expected delivery waiting time for its Model 3 and Model Y in China to two to six weeks from six to nine weeks previously, according to its Chinese website on Thursday.
(Reporting by Beijing newsroom; Editing by Christopher Cushing)
... MoreTesla (TSLA) option IV near low end of range
December 13, 2023 10:52 AM ESTTesla (NASDAQ: TSLA) 30-day option implied volatility is at 44; compared to its 52-week range of 42 to 97.
... MoreIndonesia eases tax rules on EV imports in bid to attract investment
December 13, 2023 10:14 AM ESTThe 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 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
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
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
