China’s Xiaomi unveils first EV

XPeng (XPEV) expands XNGP in China market

Chinese electric vehicle maker, XPeng (NYSE: XPEV) announced Friday that the company has successfully rolled out its XNGP Advanced Driver Assistance System (ADAS) for customers in 27 more cities. expansion includes prominent cities such as Tianjin, Chengdu, Xi'an, Wuhan, and Changsha.

The inflection point of ADAS technology will come with the... More

Tesla (TSLA) option implied volatility flat into 2024

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 49; compared to its 52-week range of 42 to 95.

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Active options: TSLA AAPL MARA NVDA AMD AMZN NIO

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Active options: TSLA AAPL MARA NVDA AMD AMZN NIO COIN SOFI

Nio (NIO) announces closing of $2.2B investment deal

Chinese electric automaker, Nio Inc. (NYSE: NIO) announced Wednesday that the company has closed the US$2.2 billion strategic equity investment from Abu Dhabi-based CYVN Investments.

CYVN completed a significant strategic equity investment of US$738.5 million in the Company back in July. As part of... More

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Tesla (TSLA) preparing Shanghai gigafactory for revamped Model Y

Tesla Inc. (NASDAQ: TSLA) is gearing up to introduce an updated version of its highly successful Model Y from its Shanghai plant according to unnamed sources familiar with the matter. This move comes in response to heightened competition from domestic rivals, prompting an... More

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

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

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

(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

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

(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

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

NIO Inc. (NIO) Closes $2.2B Investment from CYVN

NIO Inc. (NYSE: NIO), today announced that it has closed the US$2.2 billion strategic equity investment from CYVN Investments RSC Ltd (CYVN), an investment vehicle based in Abu Dhabi, as announced on December 18, 2023.

In July 2023, CYVN made a US$738.5 million strategic equity investment in the Company and acquired certain Class A ordinary shares of the Company from an affiliate of Tencent Holdings Ltd. for an aggregate consideration of US$350 million. Both transactions were closed in July 2023. Now with the closing of the US$2.2 billion strategic equity investment, CYVN in aggregate beneficially... More

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

(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.

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

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

(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

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Midday movers: Intel, RayzeBio, and more

Investing.com Main U.S. indexes climbed on light volume the day after the Christmas holiday as hopes the Fed will begin lowering interest rates in the first quarter of next year lifted sentiment.

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

RayzeBio (NASDAQ: RYZB) stock rose 100% after Bristol Myers Squibb (NYSE:... More

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

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

(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

EV maker Nio jumps after launching flagship BEV sedan ET9

(Updated - December 26, 2023 9:56 AM EST)

Bank of America reiterated a Buy rating on Nio (NYSE: NIO) with a 12-month price target of $11.00 after the electric automaker held its 2023 NIO Day event on Saturday and launched its flagship BEV sedan ET9 and the next generation vehicle platform.

NIO launched its ET9 executive flagship BEV at their 2023 NIO Say Event on Saturday December 23rd. The 4-seater... More

Jefferies Reiterates Hold Rating on NIO Inc (9866:HK) (NIO)

Jefferies analyst Xiaoyi Lei reiterated a Hold rating and HK$65.80 price target on NIO Inc (9866:HK) (NYSE: NIO).

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

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

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