Recent poll shows majority of Swedes support strike against Tesla (TSLA)

Exec confirms Tesla (TSLA) Semi fleet has reached 100 units

December 20, 2023 9:15 AM EST

Tesla (NASDAQ: TSLA) VP of Vehicle Engineering, Lars Moravy was recently featured on an episode of Jay Lenos Garage, alongside Design Chief Franz von Holzhausen.

The focus of the episode was on Leno's personal Cybertruck. Throughout the episode, Moravy, von Holzhausen, and Leno talked about a variety of topics, from the Cybertrucks features to its performance on and off the road.

Eventually, the three automotive... More

Tesla (TSLA) urges US agency to pause racial bias lawsuit

December 19, 2023 3:35 PM EST

Tesla (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 EST

According 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 EST

Following 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 EST

Electric 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

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December 18, 2023 10:14 AM EST

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Barclays expects Tesla (TSLA) to deliver solid 4Q delivery results ahead of Street

December 18, 2023 8:49 AM EST

Barclays 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

Tesla (TSLA) PT Lowered to $300 at RBC Capital

December 18, 2023 6:53 AM EST

RBC Capital analyst Tom Narayan lowered the price target on Tesla (NASDAQ: TSLA) to $300.00 (from $301.00) while maintaining a Outperform rating.... More

Barclays on Tesla (TSLA): We estimate 4Q deliveries at ~490k units, ahead of consensus ~480k

December 18, 2023 6:27 AM EST

Barclays analyst Dan Levy reiterated an Equalweight rating and $260.00 price target on Tesla (NASDAQ: TSLA).

The analyst commented: "Expect 4Q deliveries at ~490k units, ahead of cons. ~480k; 2. 4Q production ~472k units, up q/q, implies inventory drawdown; 3. US + EU subsidy reductions... More

EU opens formal infringement proceedings against X - Breton

December 18, 2023 6:15 AM EST

EU opens formal infringement proceedings against X - Breton

The European Union has launched formal infringement proceedings against social media company X, formerly known as Twitter.The EU alleges breach of the obligations to counter illegal content and disinformation.X is part of a group of... More

Ann Carlson, top US Safety Official overseeing Tesla Autopilot investigation, is stepping down

December 15, 2023 4:40 PM EST

(Updated - December 15, 2023 4:41 PM EST)

Ann Carlson, top US Safety Official overseeing Tesla Autopilot investigation, is stepping down

The acting head of the National Highway Traffic Safety Administration said on Friday she is stepping down from her post.

She was overseeing the agency's investigation... More

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December 15, 2023 3:27 PM EST

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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

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December 15, 2023 9:58 AM EST

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Tesla (TSLA) PT Raised to $132 at Guggenheim

December 15, 2023 7:58 AM EST

Guggenheim 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 EST

After 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 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

US magistrate judge tentatively rules Musk must testify again for SEC

December 14, 2023 2:04 PM EST

NEW 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... 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

Nordic investors urge Tesla to back down in Swedish labour dispute

December 14, 2023 10:05 AM EST

STOCKHOLM (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

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December 14, 2023 9:59 AM EST

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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

Tesla (TSLA) PT Lowered to $260 at Deutsche Bank

December 14, 2023 6:04 AM EST

Deutsche Bank analyst Emmanuel Rosner lowered the price target on Tesla (NASDAQ: TSLA) to $260.00 (from $275.00) while maintaining a Buy rating.... More