Tesla (TSLA) trades down following price cuts in China

Wedbush comments on Elon Musk's AI ultimatum

January 16, 2024 1:20 PM EST

Wedbush remains bullish on Tesla (NASDAQ: TSLA) with an Outperform rating and $350.00 price target after the electric vehicle giants CEO, Elon Musk commented on social media platform, X creating a stir overnight.

Musk said his post: "I am uncomfortable growing Tesla to be a leader in AI &... More

Tesla (TSLA) down following Elon Musk's AI ownership comments

January 16, 2024 8:13 AM EST

Tesla (NASDAQ: TSLA) CEO Elon Musk revealed on social media platform X (formerly Twitter) that the multi-billionaire is uncomfortable with the idea of expanding the automaker's role in artificial intelligence and robotics without first securing a minimum of 25% of voting control of the... More

Barclays on Tesla (TSLA): 'Price cuts reflect weaker China macro/demand in 2024'

January 12, 2024 8:32 AM EST

Barclays analyst Dan Levy reiterated an Equalweight rating and $260.00 price target on Tesla (NASDAQ: TSLA).

The analyst commented: "M3 cut 11.5-15.5k RMB (~$2k, 4-6%) and MY cut 6.5-7.5k RMB (~$1k, 2-3%), slightly offset by removal 6k/8k RMB 3/Y insurance... More

Midday movers: JPMorgan, Bank of America, Exxon, Tesla and more

January 12, 2024 7:50 AM EST

(Updated - January 12, 2024 11:47 AM EST)

Investing.com -- Main U.S. indexes were lower Friday as investors digested earnings from a number of major banks and more inflation data.

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

JPMorgan Chase (NYSE: JPM) stock rose 2% on the open after the lender reported record full-year profit, benefiting from rising interest rates, despite a 15% fall in net income in the final quarter. Gains dwindled throughout the morning and the stock was flat midday.

Bank of America (NYSE:... More

EU Investigators to Inspect China's BYD, Geely and SAIC in EV Probe - Reuters

January 12, 2024 4:56 AM EST

(Updated - January 12, 2024 6:17 AM EST)

EU Investigators to Inspect China's BYD, Geely and SAIC in EV Probe - Reuters

European Commission investigators to inspect Chinese automakers in the coming weeks to decide whether to impose punitive tariffs to protect EU's own EV makers.The... More

Tesla drops prices of some new China Model 3 and Model Y cars

January 11, 2024 8:12 PM EST

SHANGHAI (Reuters) - The price of Tesla's new China Model 3 dropped to 245,900 yuan, and the price of the Model Y dropped to 258,900 yuan, as of Jan. 12, according to the company's website.

Tesla's refreshed long-range China Model Y has dropped its price to 299,900 yuan.

(Reporting by Casey Hall)

... More

Tesla (TSLA) China Cuts Price Of Revamped Model 3 By 5.9% - Bloomberg

January 11, 2024 7:53 PM EST

Tesla (NASDAQ: TSLA) China Cuts Price Of Revamped Model 3 By 5.9% - Bloomberg

... More

After-hours movers: AT&T, Tesla, DocuSign and more

January 11, 2024 4:50 PM EST

After-Hours Stock Movers:

AT&T (NYSE: T) stock climbed 1.1%, paring an intraday loss of 3.75% after investors were spooked by concerns about liability over lead-sheathed phone cables. According to the Wall Street Journal, the EPA recently asked telecom executives to meet with the agency about the... More

Tesla (TSLA) to halt car production at its Berlin factory for 2 weeks due to supply chain issues

January 11, 2024 4:05 PM EST

Tesla (NASDAQ: TSLA) is set to halt the majority of car production at its Berlin factory from January 29 to February 11 due to a shortage of components caused by disruptions in transport routes arising from an armed conflict in the Red Sea.

Reuters reported... More

Tesla, Volvo Car pause output as Red Sea shipping crisis deepens

January 11, 2024 3:20 PM EST

By Victoria Waldersee, Anna Ringstrom and Marie Mannes

BERLIN/STOCKHOLM (Reuters) -Automakers Tesla and Geely-owned Volvo Car said they were suspending some production in Europe due to a shortage of components, the first clear sign that attacks on shipping in the Red Sea are hitting manufacturers in the region.

The United States and Britain launched a series of strikes on Yemen on Thursday, aimed at the Iran-backed Houthi militia whose attacks on international shipping have disrupted one of the world's most important shipping routes.

Container shipping rates jumped further this week as concerns grew that vessels carrying... More

Tesla (TSLA): Forced to Suspend Vehicle Production in Gigafactory Berlin-Brandenburg Jan.29 - Feb. 11 with Exception of a Few Sub-areas

January 11, 2024 3:14 PM EST

(Updated - January 11, 2024 3:15 PM EST)

Tesla (NASDAQ: TSLA): Forced to Suspend Vehicle Production in Gigafactory Berlin-Brandenburg Jan.29 - Feb. 11 with Exception of a Few Sub-areas

Armed conflict in Red sea and associated shift in transport routes is having impact on production in Gruenheide.Production will resume in full on Feb. 12.

... More

Active options: TSLA NVDA MARA AAPL MSFT AMZN

January 11, 2024 2:28 PM EST

Active options: TSLA NVDA MARA AAPL MSFT AMZN

... More

Jefferies names their top EV picks in China

January 11, 2024 10:21 AM EST

Jefferies expects the sale of Chinese New Energy Vehicles (NEVs) will grow 30% YoY in 2024 as affordability improves and supply continues to be strong, driving NEV penetration up to c.44%.

Jefferies released their Top Picks in the Chinese EV segment, favoring OEMs with product lineups in blue ocean markets, advanced development in smart driving, and initiatives in overseas expansion.

Jefferies likes Changan and SERES from the Huawei partnerships. For OEMs outside Huaweis ecosystem, Jefferies chose BYD, XPeng (NYSE: XPEV), and Li auto (NASDAQ:... More

Active options: TSLA NVDA MSFT META AMZN BABA MARA PFE XOM

January 11, 2024 9:50 AM EST

Active options: TSLA NVDA MSFT META AMZN BABA MARA PFE XOM

... More

Shares fall as Tesla (TSLA) announces increased pay for U.S. workers

January 11, 2024 9:31 AM EST

Shares of electric vehicle giant, Tesla (NASDAQ: TSLA) are trending down more than 1.5% in pre-market trading Thursday morning after it was announced that the company notified workers at its California car plant of pay increases across its US factories.

This announcement marks the latest bump by a nonunion automaker as the United Autoworkers Union (UAW) works to increase membership in the U.S.

Tesla's facility in Fremont, California, has announced a "market adjustment pay... More

Tesla (TSLA), Other EV Stocks Lower as Hertz (HTZ) to Sell Third of U.S. EV Fleet

January 11, 2024 9:07 AM EST

(Updated - January 11, 2024 9:07 AM EST)

Tesla (NASDAQ: TSLA), Other EV Stocks Lower as Hertz Global (NASDAQ: HTZ) to Sell Third of EV U.S. Fleet

Tesla -1.3%Hertz said, "The Company expects this action to... More

Tesla (TSLA) Tells Staff All US Production Workers Getting Pay Raise - Bloomberg

January 11, 2024 9:00 AM EST

(Updated - January 11, 2024 9:03 AM EST)

Tesla notified workers at its California car plant of pay increases across its U.S. factories. All U.S. production associates, material handlers and quality inspectors are getting a market adjusted pay increase.

... More

Midday movers:: Citigroup, KB Home, Tesla, and more

January 11, 2024 7:50 AM EST

(Updated - January 11, 2024 11:47 AM EST)

Investing.com -- Main U.S. indexes declined Thursday following hotter than expected inflation data for December, raising doubts the Federal Reserve will cut rates as soon as some investors expect.

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

Citigroup (NYSE: C) stock fell 2.5%... More

Hertz Global (HTZ) to sell approximately 20,000 electric vehicles from its U.S. fleet

January 11, 2024 7:35 AM EST

(Updated - January 11, 2024 7:37 AM EST)

Hertz Global (NASDAQ: HTZ) disclosed:

Hertz Global Holdings, Inc. (the Company or Hertz) has made the strategic decision to sell approximately 20,000 electric vehicles (EVs) from its U.S. fleet, or about one-third of the global EV fleet. These vehicle dispositions, which were initiated in December 2023 and are expected to take place in an orderly fashion over the course of 2024, will cover multiple makes and models.EVs held for sale will remain eligible for rental within the Companys fleet during the sales process. The Company expects to... More

Active options: NVDA TSLA MSFT META AMZN AMD

January 11, 2024 4:42 AM EST

Active options: NVDA TSLA MSFT META AMZN AMD

... More

China 2023 vehicle sales rise 12% - industry association

January 11, 2024 1:16 AM EST

BEIJING (Reuters) - China's 2023 vehicle sales rose 12% year-on-year to 30.1 million vehicles, the China Association of Automobile Manufacturers (CAAM) said on Thursday.

Vehicle sales in December including exports jumped 23.5% on the year, CAAM said.

(Reporting by Beijing newsroom; Editing by Edmund Klamann)

... More

Bank of America names Li Auto (LI) a 'Top Pick' in 2024

January 10, 2024 8:37 AM EST

Bank of America named Li Auto (NASDAQ: LI) as one of their Top Picks for 2024, reiterating a Buy rating and $55.00 price target on the Chinese auto stock.

Looking ahead to 2024, Li Auto has set ambitious targets, aiming to achieve sales volume between 650,000 to 800,000 units, marking a substantial increase of 72% to 113% year-on-year.

The company has also unveiled plans for its flagship family BEV MPV,... More

Data shows VW, Toyota lose market share in 2023

January 10, 2024 8:22 AM EST

In the latest industry data out of China revealed on Wednesday, Volkswagen and Toyota Motor (NYSE: TM)) witnessed a decline in their share of the world's largest auto market. This decrease occurred as established global carmakers yielded ground to their Chinese counterparts.

Specifically, VW's two joint ventures in China with FAW and SAIC collectively held a 14.2% share in sales for the year 2023. This figure marks a decrease from their... More

Midday movers: Boeing, Meta Platforms and more

January 10, 2024 8:11 AM EST

(Updated - January 10, 2024 12:08 PM EST)

Investing.com -- Main U.S. indexes were slightly higher as investors adopted a wait-and-see approach ahead of the release of the key monthly inflation data later in the week.

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

Boeing (NYSE: BA) stock rose 1.5%, attempting to rebound after a drop of 9% over the last two sessions in the wake of the mid-air blow-out of a door panel on one of its 737 Max aircraft last week, even as Chief Executive Dave Calhoun... More

Tesla (TSLA) introduces updated Model 3 in North America

January 10, 2024 8:05 AM EST

Tesla (NASDAQ: TSLA) introduced the redesigned iteration of its Model 3 compact sedan in North America on Wednesday, maintaining its prices despite the refresh. This update comes after the vehicle garnered significant interest upon its debut in China and Europe.

The move aims to rejuvenate Tesla's aging vehicle lineup within its primary market. It follows a price competition last year that enabled the... More

Futures broadly higher, Bitcoin swings after fake SEC post - what's moving markets

January 10, 2024 5:40 AM EST

Investing.com -- U.S. stock futures were mostly higher on Wednesday with crucial inflation data out of the world's economy coming later this week. Elsewhere, the price of Bitcoin swings wildly following a false post on the Securities and Exchange Commission's account on social media platform X, while Boeing's (NYSE: BA) chief executive admits that a mid-air fuselage breach last week was the planemaker's "mistake."

1. Futures broadly higher

U.S. stock futures edged mostly into the green on Wednesday as investors awaited the release of key... More

Tesla launches restyled Model 3 in North America

January 10, 2024 12:25 AM EST

(Reuters) -Tesla on Wednesday rolled out the restyled version of its Model 3 compact sedan in North America at unchanged prices, months after the vehicle attracted healthy demand upon launch in China and Europe.

The move will refresh Tesla's aging vehicle line-up in its biggest market and follows a price war last year that helped the company meet its annual deliveries goal at the cost of margins.

The revamped version of the long-range and... More