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

Tesla (TSLA) recalls 120k EVs in U.S.

December 22, 2023 11:04 AM EST

The National Highway Traffic Safety Administration announced Friday that electric vehicle giant, Tesla (NASDAQ: TSLA) is recalling 120,423 vehicles in the U.S. over the risk of cabin doors being unlocked during a crash.

The NHTSA confirmed that the electric automaker has issued an... More

RBC Capital cuts delivery estimates on Tesla (TSLA)

December 22, 2023 10:39 AM EST

RBC Capital reiterated an Overweight rating on Tesla (NASDAQ: TSLA) with a 12-month price target of $300.00 on the stock after cutting delivery estimates on the electric automaker.

RBC revised their Tesla 4th quarter delivery projections to 456k units, marking a 4.2% decrease from... More

Wedbush raises price target on Tesla (TSLA) ahead of 2024

December 22, 2023 9:39 AM EST

(Updated - December 22, 2023 9:43 AM EST)

Wedbush reiterated an Outperform rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the stock to $350.00 (From $310.00) as analysts believe the electric carmaker is on track to reach the $1 trillion market cap milestone in 2024, despite growing skepticism by the Street.

Before 2023, skeptics believed Tesla faced declining demand and rising competition. However, Musk surprised everyone by globally lowering prices, particularly in China, to... More

Tesla (TSLA) acquires land for battery plant in Shanghai

December 22, 2023 8:30 AM EST

Chinese state media announced Friday that Tesla (NASDAQ: TSLA) has secured land in Shanghai for a megapack battery manufacturing facility. Production is slated to commence in the fourth quarter of 2024.

The purchase involved Tesla paying 222.42 million yuan ($31.13 million) for rights to a 19.7-hectare... More

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

Active options: TSLA NVDA AMD BABA MARA AMZN AAPL MO SNAP

December 20, 2023 4:14 AM EST

Active options: TSLA NVDA AMD BABA MARA AMZN AAPL MO SNAP

... More

Tesla skips employees' yearly merit-based stock compensations - Bloomberg News

December 19, 2023 6:36 PM EST

(Reuters) -Tesla is not offering its employees yearly merit-based stock awards, Bloomberg News reported on Tuesday.

Tesla did not immediately respond to Reuters' request for comment.

The news comes after United Auto Workers union said in November it is launching a first-of-its-kind push to publicly organize the... 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 moves to pause US agency lawsuit alleging race bias at factory

December 19, 2023 12:42 PM EST

By Daniel Wiessner

(Reuters) - Tesla Inc has asked a U.S. judge to pause a federal agency's lawsuit accusing the electric carmaker of severe harassment of Black workers at its California assembly plant, saying two similar cases should play out first.

Tesla, in a filing in San Francisco federal court on Monday, said the U.S. Equal Employment Opportunity Commission (EEOC) rushed to file the lawsuit in September as part of a "toxic interagency competition" with a California civil rights... More

Active options: TSLA NVDA AMD AMZN MARA META KVUE AAPL NIO

December 19, 2023 11:03 AM EST

Active options: TSLA NVDA AMD AMZN MARA META KVUE AAPL NIO

... 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

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

... More

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

... More

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