Tesla (TSLA) China sees 68.7% jump in EV sales

Tesla (TSLA) recalls 1.62M units in China

January 5, 2024 8:47 AM EST

The China State Administration for Market Regulation revealed Friday that electric automaker, Tesla (NASDAQ: TSLA) will recall 1.62 million vehicles in the country. The recall follows two others that were enacted in the United States in December.

The U.S. automaker will release an... More

Wolfe downgrades Rivian (RIVN) ahead of R1 production ramp

January 4, 2024 10:04 AM EST

Wolfe Research downgraded Rivian Automotive (NASDAQ: RIVN) to Peer Perform (From Outperform) and removed their $33.00 price target on the stock as the company prepares to ramp R1 capacity at their facility in Normal, IL.

During 2023, Rivian reached a significant turning point in its operations, overcoming production hurdles and increasing production from 9,400 vehicles in Q1 to 17,500 vehicles in Q4.

Analysts at Wolfe suggest that a majority of the... More

Deutsche Bank continues to see 'large downside risk' for Tesla (TSLA) in 2024

January 3, 2024 8:57 AM EST

Deutsche Bank reiterated a Buy rating on Tesla (NASDAQ: TSLA) with a 12-month price target of $260.00 on the automotive stock following the electric vehicle makers 4Q volume report.

The company delivered 485k units in the 4Q, consisting of 462k Model 3 and Y, and 23k units of S/X and some Cybertrucks, enabling the... More

Jefferies raises estimates on Tesla (TSLA) following 4Q volume report

January 3, 2024 8:31 AM EST

Jefferies reiterated a Hold rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the stock to $255.00 (From $210.00) following the electric automakers 4Q volume report.

There have been no significant changes in the reported 4Q volume, but it's worth mentioning a surprising decrease in leasing adoption and better-than-anticipated "Other model" deliveries. This could indicate more seamless ramp than initially anticipated in the implementation of 4680 batteries or the production of... More

Midday movers: Apple, Tesla, Eli Lilly and more

January 3, 2024 8:06 AM EST

(Updated - January 3, 2024 11:55 AM EST)

Investing.com -- Main U.S. indexes traded lower Wednesday, with investors consolidating ahead of the release of the minutes from the December Federal Reserve meeting.

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

Apple (NASDAQ: AAPL) stock fell 1% after data from research group Counterpoint indicated that the tech giant's iPhone saw its share of the worldwide smartphone market fall in November.

Tesla (NASDAQ: TSLA) stock fell 3.4% after the electric car manufacturers... More

Tesla (TSLA) PT Raised to $225 at Jefferies

January 3, 2024 6:45 AM EST

Jefferies analyst Philippe Houchois raised the price target on Tesla (NASDAQ: TSLA) to $225.00 (from $210.00) while maintaining a Hold rating.

The analyst commented: "No major deviation in the reported Q4 volume, but we note a surprising drop in leasing penetration and stronger than expected... More

VinFast to set up EV battery plant in India - Reuters

January 3, 2024 6:14 AM EST

(Updated - January 3, 2024 6:16 AM EST)

VinFast to set up EV battery plant in India - Reuters

VinFast seeks to set up a manufacturing facility in India's southern state of Tamil Nadu.The company will make batteries for EVs at the plant in the city of... More

Futures edge lower, Tesla's China-made EV sales surge - what's moving markets

January 3, 2024 5:29 AM EST

Investing.com -- U.S. stock futures point lower on Wednesday after a mostly downbeat start to 2024 in the prior session. Markets are now awaiting the publication of the minutes from the Federal Reserve's December policy meeting and, with it, potential clues into the central bank's interest rate path in the coming months. Elsewhere, sales of Tesla's (NASDAQ: TSLA) China-made cars soar in December, but Elon Musk's electric vehicle giant is still grappling with fierce competition in the country.

1. Futures inch lower

U.S. stock futures edged down on... More

Futures edge lower, Tesla's China-made EV sales surge - what's moving markets

January 3, 2024 5:29 AM EST

Investing.com -- U.S. stock futures point lower on Wednesday after a mostly downbeat start to 2024 in the prior session. Markets are now awaiting the publication of the minutes from the Federal Reserve's December policy meeting and, with it, potential clues into the central bank's interest rate path in the coming months. Elsewhere, sales of Tesla's (NASDAQ: TSLA) China-made cars soar in December, but Elon Musk's electric vehicle giant is still grappling with fierce competition in the country.

1. Futures inch lower

U.S. stock... More

Tesla (TSLA) option implied volatility into quarter results on January 24

January 3, 2024 4:11 AM EST

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 50; compared to its 52-week range of 42 to 87 into expected release of quarter results after the bell on January 24.

... More

Active options: TSLA AAPL NVDA AMD MARA AMZN MSFT PFE META C

January 3, 2024 4:04 AM EST

Active options: TSLA AAPL NVDA AMD MARA AMZN MSFT PFE META C

... More

Tesla's China-made EV sales jump 68.7% y/y in December

January 3, 2024 3:40 AM EST

BEIJING (Reuters) - U.S. automaker Tesla sold 94,139 China-made electric vehicles (EVs) in December, a 68.7% increase from a year earlier, China Passenger Car Association (CPCA) data showed on Wednesday.

Deliveries of China-made Model 3 and Model Y vehicles were up 14.2% from November.

Chinese rival BYD, with its Dynasty and Ocean lineup of EVs and petrol-electric hybrid models, delivered 341,043 passenger vehicles in December, up 13% from November and a 45% jump year-on-year.

BYD had a record quarter with sales of 944,779 new energy vehicles in the fourth quarter, including 526,409 pure EVs.

Tesla's figures took its China-made sales,... More

2024 'looks tough' for Tesla (TSLA), according to Bernstein

January 2, 2024 1:13 PM EST

2024 for Tesla (NASDAQ: TSLA) looks tough, according to analysts at Bernstein, who said they believe the electric vehicle giant will see lower margins and disappoint in volumes.

In a note headed by Toni Sacconaghi, the investment firm stated that Tesla's Q4 deliveries of 485,000 were broadly in line with the sell-side consensus of 480,500, bringing full-year 2023 deliveries to 1.81 million, in line with company... More

Oppenheimer Comments on Tesla (TSLA) Q4 Deliveries, 'expect auto margins to be a key focus'

January 2, 2024 10:13 AM EST

Oppenheimer analyst Colin Rusch reiterated a Perform rating and {REMOVEPT} price target on Tesla (NASDAQ: TSLA).

The analyst comments "TSLA announced 4Q23 deliveries modestly ahead of consensus and investor expectations with all models contributing to upside. With utilization running modestly higher... More

Citi Comments on Tesla (TSLA) Q4 Deliveries

January 2, 2024 9:30 AM EST

Citi analyst Itay Michaeli reiterated a Neutral rating and $255.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Tesla reported Q4 deliveries of ~484.5 units, ~1% ahead of the consensus of 480.5k. Model 3/Y deliveries of 461.5k were slightly above the consensus... More

Tesla (TSLA) tops analyst expectations for Q4 deliveries; Shares dip

January 2, 2024 8:46 AM EST

(Updated - January 2, 2024 9:38 AM EST)

Tesla (NASDAQ: TSLA) produced about 495,000 electric vehicles (EVs) in the fourth quarter of the last year, the company said today.

EV maker also delivered 484,507 units in the quarter, which is just above the analyst consensus of 483,173,... More

Tesla delivers record Q4 cars, but China's BYD steals top EV spot

January 2, 2024 8:44 AM EST

By Akash Sriram

(Reuters) -Tesla delivered a record number of electric vehicles in the fourth quarter, beating market estimates and meeting its 2023 target, but lost its spot as the top EV maker by sales to China's BYD.

Tesla delivered 484,507 EVs in the October-to-December period, falling short of the 526,409 vehicles that Warren Buffett-backed BYD handed over - mostly in China - suggesting that car buyers were looking for cheaper models in a high-interest-rate economy.

While the U.S. automaker's year-end sales push mostly paid off, helping it deliver 1.8 million vehicles this year, it fell short of CEO Elon... More

Tesla (TSLA) expands lead in Norway as EVs dominate market

January 2, 2024 8:41 AM EST

According to registration data released Tuesday, Tesla (NASDAQ: TSLA) has extended its lead over rival automakers in Norway, despite an ongoing conflict between the U.S. electric vehicle maker and the Nordic region's powerful labor unions.

According to the Norwegian Road Federation (OFV), EVs made up 82.4% of the... More

Tesla (TSLA) Delivered 484.5K Vehicles in Q4 vs 483.2K Expected

January 2, 2024 8:40 AM EST

(Updated - January 2, 2024 8:41 AM EST)

Tesla (NASDAQ: TSLA) Delivered 484.5K Vehicles in Q4 vs 483.2K... More

Midday movers: Apple, Tesla and more

January 2, 2024 7:56 AM EST

(Updated - January 2, 2024 12:13 PM EST)

Investing.com -- Main U.S. indexes traded lower Tuesday, with investors consolidating after a stellar year ahead of the release of key manufacturing activity data.

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

Tesla (NASDAQ: TSLA) stock climbed 0.3% after the electric car manufacturer said it delivered 484,507 units in the four quarter, above... More

Tesla extends lead in Norway sales, EVs take 82% market share

January 2, 2024 6:22 AM EST

By Victoria Klesty

OSLO (Reuters) - Tesla topped Norway's car sales for a third straight year in 2023, extending its lead over rivals despite an ongoing conflict between the U.S. electric vehicle maker and the Nordic region's powerful labour unions.

Almost five out of six new cars sold in Norway last year were powered by battery only, with Tesla's share of the overall market rising to 20.0% from 12.2%, registration data showed on Tuesday.

Electric vehicles accounted for 82.4% of new vehicles sold in 2023, up from 79.3% in 2022, the Norwegian Road Federation (OFV) said.

Seeking to become... More

Futures muted after bumper 2023, Bitcoin tops $45K - what's moving markets

January 2, 2024 5:54 AM EST

Investing.com -- U.S. stock futures point to a muted start to 2024 following a blockbuster year on Wall Street. Elsewhere, China's BYD (SZ:002594) unveils fourth-quarter production figures that heap pressure on Tesla's (NASDAQ: TSLA) spot as the world's biggest electric vehicle maker. Bitcoin tops $45,000, bolstered by expectations that U.S. securities regulators may be edging closer to approving an exchange traded fund tracking the megapopular cryptocurrency.

1. Futures hover around flatline ahead of first trading session of 2024

U.S. stock futures hugged the flatline... More

Tesla new car registrations in Sweden rose 9% in Dec

January 2, 2024 3:35 AM EST

STOCKHOLM (Reuters) - New registrations of Tesla cars in Sweden increased in December from a year earlier and the car maker's market share grew, industry data showed on Tuesday, despite union action against the company hampering imports.

Data from Swedish auto industry association Mobility Sweden showed 1,789 new Tesla... More