Tesla (TSLA) preparing Shanghai gigafactory for revamped Model Y

China’s Xiaomi unveils first EV

December 28, 2023 10:09 AM EST

Chinese smartphone maker Xiaomi unveiled its first electric vehicle (EV) on Thursday, while also announcing the companys ambitious goal of becoming one of the worlds top five automakers.

The upcoming sedan, named SU7 (with SU standing for Speed Ultra), is generating a lot of excitement. Chief Executive Lei Jun has highlighted its "super electric motor" technology, boasting acceleration speeds faster than those of Tesla (NASDAQ: TSLA)... More

Wedbush reiterates Outperform ahead of Tesla's (TSLA) 4Q delivery report

December 27, 2023 8:52 AM EST

Wedbush reiterated an Outperform rating and 12-month price target of $350.00 on Tesla (NASDAQ: TSLA) ahead of the companys 4Q delivery report.

In the final week of December, Wedbush analysts believe the electric automaker is tracking slightly ahead of the 480k delivery mark.

Global Tesla prices have recently stabilized, with increases observed in various regions, notably China.... More

Two U.S. senators call for Tesla recalls after Reuters investigation

December 27, 2023 8:43 AM EST

By Steve Stecklow

(Reuters) -Two U.S. senators have written to Elon Musk, Teslas top executive, calling on him to swiftly recall any steering and suspension parts that pose a safety risk.

The letter cites an alarming Reuters investigation published on December 20 that exposed how Tesla has blamed drivers for frequent failures of components it has long known were defective.

We write with extreme concern following recent reporting about Teslas knowledge of safety flaws in its vehicles and concealment of the causes of these flaws from the National Highway Traffic Safety Administration, states the letter, which is signed... More

Two US Senators Call For Tesla Recalls After Reuters Investigation - Reuters

December 27, 2023 8:43 AM EST

(Updated - December 27, 2023 8:55 AM EST)

Two US Senators Call For Tesla Recalls After Reuters Investigation - Reuters

Two U.S. senators, Richard Blumenthal, of Connecticut, and Edward J. Markey, of Massachusetts, have written to Elon Musk calling on him to swiftly recall any steering and suspension... More

Why auto stocks are up today

December 27, 2023 8:25 AM EST

In a promising turn of events, shares in major European and US carmakers are set to open higher on Wednesday as November sets new records in sales and production.

Steady vehicle demand across North America and Europe has contributed to this success. Stellantis (NYSE:... More

Midday movers: Tesla, Coinbase, and more

December 27, 2023 8:11 AM EST

(Updated - December 27, 2023 12:00 PM EST)

Investing.com -- Main U.S. indexes were largely unchanged Wednesday, stabilizing after recent gains during the last trading week of what has been a positive year.

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

Tesla (NASDAQ: TSLA) stock rose 2.2% with Bloomberg reporting that the electric car maker is preparing to launch a revamped version of its Model Y from... More

Tesla deliveries to hit record, but fall short of Musk's aspirations

December 27, 2023 6:05 AM EST

By Akash Sriram and Hyunjoo Jin

SAN FRANCISCO (Reuters) -Tesla is expected to post another record quarter for electric vehicle (EV) deliveries, likely shy of an ambitious 2 million annual internal target that CEO Elon Musk touted at the beginning of the year.

Faced with slowing sales, Tesla leveraged its industry-leading margins and slashed prices of its four car models globally in 2023, with a focus on China, where the company has lost market share to locals including BYD.

The price war and slowing EV demand, however, have prompted automakers including Ford Motor to pull back on their... More

Tesla to revamp Model Y from Shanghai plant, plans 'more obvious exterior and interior changes'

December 27, 2023 3:04 AM EST

(Updated - December 27, 2023 3:25 AM EST)

Tesla (NASDAQ: TSLA) is reportedly working on a revamped version of its Model Y from the company's Shanghai plant, according to Bloomberg.

The carmaker is currently conducting preparation work in China for its... More

Tesla to roll out revamped Model Y from Shanghai plant - Bloomberg News

December 26, 2023 7:24 PM EST

(Reuters) -Electric vehicle maker Tesla Inc is preparing to launch a revamped version of its Model Y from its Shanghai plant, Bloomberg News reported on Tuesday, citing people familiar with the matter.

The move was first reported by Reuters in March when three sources said Tesla was readying a... More

Active options: TSLA NIO NVDA INTC AAPL AMD MARA AMZN MSFT

December 26, 2023 1:16 PM EST

Active options: TSLA NIO NVDA INTC AAPL AMD MARA AMZN MSFT

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Piper Sandler remains Overweight on Tesla (TSLA) ahead of 4Q delivery report

December 26, 2023 10:06 AM EST

Piper Sandler reiterated an Overweight rating on Tesla (NASDAQ: TSLA) with a 12-month price target on the stock ahead of the companys 4Q delivery report early next week.

Piper analysts are expecting the electric automaker to report deliveries of 507k vehicles in... More

Morgan Stanley says Tesla is both a car and AI company, remains bullish for 2024

December 26, 2023 9:57 AM EST

(Updated - December 26, 2023 9:59 AM EST)

Morgan Stanley reiterated an Overweight rating on Tesla Inc. (NASDAQ: TSLA) with a 12-month price target of $380.00 on the stock ahead of what could be another volatile year for the electric automaker.

Its not terribly surprising that auto investors are cautious on Tesla given increased competition and a lack of high-volume new... More

Tesla (TSLA) Mentioned Positively at Piper Ahead of Q4 Deliveries

December 26, 2023 5:48 AM EST

Piper Sandler analyst Alexander Potter reiterated an Overweight rating and $295.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Overweight-rated TSLA will be announcing Q4 deliveries early next week (probably on January 2nd). We are currently expecting the company to deliver 507k... More

Active options: TSLA MARA AAPL NKE COIN MSFT AMD GOOGL

December 26, 2023 4:35 AM EST

Active options: TSLA MARA AAPL NKE COIN MSFT AMD GOOGL

... More