Carmakers to cover EV subsidies after Germany cuts funding

RBC Capital Cuts Tesla (TSLA) Delivery Numbers, 'Big Push into Quarter End Creates Uncertainty'

December 21, 2023 4:40 PM EST

RBC Capital analyst Tom Narayan reiterated an Outperform rating and $300.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "We estimate Tesla deliveries of 456k in Q4/23, down 4.2% vs our prior estimate of 476k and 1.1% below consensus, based on registration data and... More

Tesla (TSLA) battery bottleneck hinders Cybertruck deliveries

December 21, 2023 12:55 PM EST

Last month, Tesla (NASDAQ: TSLA) introduced its groundbreaking stainless steel-plated electric Cybertruck. CEO Elon Musk estimated that the company was likely to achieve an annual production rate of a quarter-million vehicles at some point in 2025.

However, Tesla is currently far from reaching this production pace, facing significant bottlenecks, particularly in the production speed of the... More

Tesla (TSLA) facing inquiry by Norwegian officials over suspension defect

December 21, 2023 11:27 AM EST

An exclusive story by Reuters reports Thursday that Tesla (NASDAQ: TSLA) is facing an inquiry by the Norwegian Public Roads Administration (NPRA) concerning suspension failures in the company's electric vehicles.

According to the report, the NPRA began questioning the EV giant in September 2022 and asked the automaker to evaluate complaints about their vehicles lower rear control arms breaking on its Model S and X vehicles.

NPRA senior engineer, Tor-Ove Satren told reporters that the Norwegian traffic... More

U.S. considers raising tariffs on China EVs

December 21, 2023 8:12 AM EST

The Wall Street Journal reports Wednesday that, citing unnamed sources familiar with the matter, that the United States is in discussions and may choose to increase tariffs on some Chinese goods, including electric vehicles (EVs).

In recent years, the growth of China's vehicle exports has been driven by excess production capacity and a decline in domestic demand within the world's largest automotive market. Projections from China Merchants Bank International suggest a 25% increase next year, reaching... More

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

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

Midday movers: Nvidia, Affirm Holdings, and more

December 19, 2023 8:07 AM EST

(Updated - December 19, 2023 12:01 PM EST)

Investing.com -- Main U.S. indexes rose Tuesday on optimism of interest rate cuts next year. The S&P 500 climbed to its higher level of the year, putting it within striking distance of the all-time high.

Here are some of the biggest U.S. stock movers today:

Apple (NASDAQ: AAPL) stock rose 0.3% even after the tech giant said it would pause sales of its Series 9 and Ultra 2 smartwatches in the United States from this week, as it deals with a patent... More

Futures muted, Google to pay $700M in antitrust settlement - what's moving markets

December 19, 2023 5:28 AM EST

Investing.com -- U.S. stock futures were muted on Tuesday following comments from Federal Reserve policymakers that aimed to rein in enthusiasm in financial markets for possible impending interest rate cuts. Meanwhile, Google agrees to pay $700 million to settle a lawsuit brought by U.S. states and consumers over alleged anticompetitive practices at its Play app store, while Tesla (NASDAQ: TSLA) is reportedly eyeing a pay bump for some hourly workers at its battery factory in Nevada.

1. Futures little changed

U.S. stock futures were little changed on... More

Active options: TSLA AMZN AAPL GOOGL NIO META MARA SOFI

December 19, 2023 4:15 AM EST

Active options: TSLA AMZN AAPL GOOGL NIO META MARA SOFI

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Tesla to raise pay for hourly Nevada Gigafactory workers in Jan - CNBC

December 18, 2023 7:58 PM EST

(Reuters) - Electric vehicle (EV) maker Tesla Inc has informed workers at its battery factory in Sparks, Nevada, that some of the set-rate hourly workers will see pay increases of around 10% starting early January, CNBC reported on Monday.

The EV maker will bump the pay for hourly workers from $20 to $22 an hour on the low end, and up to $34.50 an hour from $30.65... More

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

December 18, 2023 11:35 AM EST

A 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

Active options: TSLA AMZN AAPL NVDA NIO C GOOGL

December 18, 2023 10:14 AM EST

Active options: TSLA AMZN AAPL NVDA NIO C GOOGL

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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

RBC Capital Reiterates Outperform Rating on Stellantis NV (STLA:IM) (STLA)

December 18, 2023 4:33 AM EST

RBC Capital analyst Tom Narayan reiterated an Outperform rating and EUR24.00 price target on Stellantis NV (STLA:IM) (NYSE: STLA).

... 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

Active options: TSLA NVDA AMZN AAPL AMD BABA PLTR MSFT INTC BAC

December 15, 2023 3:27 PM EST

Active options: TSLA NVDA AMZN AAPL AMD BABA PLTR MSFT INTC BAC

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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

Active options: TSLA NVDA AMD AAPL AMZN PLTR INTC MSFT NIO SOFI

December 15, 2023 9:58 AM EST

Active options: TSLA NVDA AMD AAPL AMZN PLTR INTC MSFT NIO SOFI

... More

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