Tesla (TSLA) facing inquiry by Norwegian officials over suspension defect
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Tesla (TSLA) recalls 120k EVs in U.S.
December 22, 2023 11:04 AM ESTThe 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 ESTRBC 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 ESTChinese 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 ESTRBC 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 ESTLast 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
Active options: TSLA MU NVDA AAPL AMD META AMZN AFRM MARA NIO CCL
December 21, 2023 10:01 AM ESTActive options: TSLA MU NVDA AAPL AMD META AMZN AFRM MARA NIO CCL
... MoreU.S. considers raising tariffs on China EVs
December 21, 2023 8:12 AM ESTThe 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
Norwegian Traffic Safety Regulator Says Opened an Inquiry into Tesla Suspension Issues - Reuters
December 21, 2023 3:49 AM EST(Updated - December 21, 2023 3:50 AM EST)
Norwegian Traffic Safety Regulator Says Opened an Inquiry into Tesla Suspension Issues - Reuters
Says a decision on whether to recommend recalling affected vehicles could be made by Christmas.... MoreExclusive-Tesla faces inquiry by Norway's safety regulator over suspension failures
December 21, 2023 3:37 AM ESTBy Marie Mannes
STOCKHOLM (Reuters) - Tesla faces an inquiry by Norway's traffic safety regulator into suspension failures in the company's electric cars that could result in a recall, the agency told Reuters.
Norwegian Public Roads Administration (NPRA) senior engineer Tor-Ove Satren said the agency started questioning Tesla in September 2022 and asked the automaker to assess consumer complaints about lower rear control arms breaking on its Model S and X vehicles.
Satren said the agency could recommend that Tesla recall all model years of the S and X vehicles to replace rear lower control arms if... More
United States weighs hike in tariffs on Chinese EVs -WSJ
December 20, 2023 11:14 PM EST(Reuters) -The Biden administration in the United States is discussing raising tariffs on some Chinese goods, including electric vehicles (EVs), the Wall Street Journal said on Wednesday, citing people familiar with the matter.
China's vehicle exports have grown in recent years, fuelled by overcapacity and slowing domestic demand in the world's biggest auto market, and are expected to rise 25% next year to 5.3 million units, China Merchants Bank International says.
The Journal... More
Active options: TSLA NVDA AMD MSFT BAC SOFI BABA GOOG META
December 20, 2023 3:26 PM ESTActive options: TSLA NVDA AMD MSFT BAC SOFI BABA GOOG META
... MoreTesla, Toyota, Honda sold Vehicle Emissions Credits in 2022, Stellantis, General Motors, Mercedes-Benz Bought - EPA
December 20, 2023 12:47 PM ESTTesla, Toyota, Honda sold Vehicle Emissions Credits in 2022, Stellantis, General Motors, Mercedes-Benz bought - EPA
... MoreActive options: TSLA AMD MARA AMZN MO SNAP META C PFE
December 20, 2023 9:45 AM ESTActive options: TSLA AMD MARA AMZN MO SNAP META C PFE
... MoreExec confirms Tesla (TSLA) Semi fleet has reached 100 units
December 20, 2023 9:15 AM ESTTesla (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
Active options: TSLA NVDA AMD BABA MARA AMZN AAPL MO SNAP
December 20, 2023 4:14 AM ESTActive options: TSLA NVDA AMD BABA MARA AMZN AAPL MO SNAP
... MoreTesla 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 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
Tesla moves to pause US agency lawsuit alleging race bias at factory
December 19, 2023 12:42 PM ESTBy 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 ESTActive options: TSLA NVDA AMD AMZN MARA META KVUE AAPL NIO
... MoreCarmakers 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
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 ESTInvesting.com --Â 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 ESTActive options: TSLA AMZN AAPL GOOGL NIO META MARA SOFI
... More