Tesla (TSLA) recalls 1.62M units in China

Tesla (TSLA) cuts range estimates on various EV models

January 9, 2024 12:17 PM EST

Tesla (NASDAQ: TSLA) has has revised its electric vehicle driving-range estimations downward as a response to a new U.S. government regulation aimed at ensuring accuracy in reflecting real-world performance by automakers.

On its website, Tesla updated the driving range estimates for its 2023 X, S, Y, and 3 variants compared to previous versions found on a U.S. government website. The Model Y Long Range EV, for instance, now shows an estimated range of 310 miles on Tesla's site, while the government's EPA-managed fuel economy... More

Midday movers: Tesla, Constellation Brands, Palantir and more

January 5, 2024 8:40 AM EST

(Updated - January 5, 2024 12:02 PM EST)

Investing.com -- Main U.S. indexes gained as investors parsed economic data for clues about the timing of Fed rate cuts. The December monthly payroll report showed stronger than expected job gains, but a separate report from the Institute of Supply Management showed U.S. services activity slowed considerably.

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

Tesla (NASDAQ: TSLA) stock rose 0.1% but underperformed Nasdaq with the EV manufacturer undertaking an effective recall on 1.62 million vehicles... More

Tesla (TSLA) PT Lowered to $227 at Truist Securities

January 5, 2024 6:12 AM EST

Truist Securities analyst William Stein lowered the price target on Tesla (NASDAQ: TSLA) to $227.00 (from $228.00) while maintaining a Hold rating.

... More

Tesla to fix 1.62 million vehicles in China - regulator

January 5, 2024 2:57 AM EST

BEIJING (Reuters) -Tesla is doing an effective recall on 1.62 million vehicles, including its models S, X, 3 and Y in China, the market regulator said on Friday.

The recalls in Tesla's second largest market follow two recalls by the automaker in the United States in December.

Tesla can remotely upgrade the vehicles to... More

Tesla trumps BYD in China sales efficiency with real-time strategy

January 4, 2024 11:20 PM EST

SHANGHAI (Reuters) - Tesla's strategy in China of real-time, aggressive management of its sales staff is giving its stores an edge over dealerships offering BYD and other brands in the world's largest auto market, according to three people with knowledge of the matter.

The U.S. company in the fourth quarter lost its crown as the world's biggest electric vehicle seller to China's BYD, but during the first 10 months of 2023 both companies grew their share of a slowing and highly competitive Chinese EV market.

Tesla sold more than 1,500 EVs in each of its Chinese stores on... 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

Active options: TSLA AAPL JPM NVDA SOFI AMZN C BABA

January 4, 2024 9:47 AM EST

Active options: TSLA AAPL JPM NVDA SOFI AMZN C BABA

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Cathie Wood bumps Tesla (TSLA) stake after three quarters of selling

January 4, 2024 5:22 AM EST

Latest data from Cathie Wood's Ark Investment Management shows an increase in its holdings of Tesla (NASDAQ: TSLA) shares, marking the first time the fund added to the position after three quarters of selling.

Various Ark Investment Management LLC funds have bought... More

Tesla (TSLA) PT Raised to $228 at Truist Securities

January 3, 2024 10:15 AM EST

Truist Securities analyst William Stein raised the price target on Tesla (NASDAQ: TSLA) to $228.00 (from $226.00) while maintaining a Hold rating.... More

Active options: TSLA AAPL NVDA AMD AMZN MARA MSFT PFE

January 3, 2024 9:45 AM EST

Active options: TSLA AAPL NVDA AMD AMZN MARA MSFT PFE

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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

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

January 3, 2024 8:43 AM EST

Electric vehicle giant, Tesla (NASDAQ: TSLA) reportedly sold 94,139 China-made electric vehicles in December according to data released by the China Passenger Car Association (CPCA), a 68.7% jump compared to the same time last year.

China-made Model 3 and Model Y deliveries saw a 14.2% increase compared... 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

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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