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

Tesla (TSLA) to show Cybertruck in China

Tesla (NASDAQ: TSLA) China announced plans to embark on a countrywide tour to exhibit its leading Cybertruck pickup, as revealed on WeChat, China's social media messaging platform.

The specific dates for the tour were not provided by the U.S. automaker.... More

Morgan Stanley upgrades Hertz (HTZ) as rental company addresses EV challenges

Morgan Stanley upgraded Hertz Global (NYSE: HTZ) to an Outperform rating (From Equal-Weight) and cut their 12-month price target to $15.00 ($16.00) after the rental company announced that they would be 20k Tesla (NASDAQ: TSLA) units from its 60k... More

Barclays remains sidelined on Tesla (TSLA) as EV industry faces challenges in 2024

Barclays remains sidelined on Tesla (NASDAQ: TSLA) with an Equal-Weight rating but cut their 12-month price target on the EV stock to $250.00 (From $260.00) as analysts are predicting further price cuts, placing pressure on profit margins.

In the US, we expect price declines from the broader industry this year amid normalized supply dynamics, wrote Barclays analysts in a note.

The expected cuts may challenge Tesla as ICE remains its main rival in the... More

'Elon Musk just opened a can of worms' - Jefferies

Elon Musk just opened a can of worms. Wrote Jefferies analysts in a note.

Jefferies reiterated their Hold rating on Tesla (NASDAQ: TSLA), with a $225.00 price target, after CEO Elon Musk threatened to develop AI expertise outside Tesla unless his current 13% voting stake... More

Tesla (TSLA) shares sink in pre-market as automaker continues price cuts in Europe

Shares of Tesla (NASDAQ: TSLA) are trending down by more than 1.6% in pre-market trading Wednesday morning after the company cut prices on its Model Y electric vehicle in Germany. The cuts come after the EV maker lost their spot as the top electric vehicle seller to Volkswagen in 2023.... More

Wedbush comments on Elon Musk's AI ultimatum

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

Mazda Reaches Agreement with Tesla (TSLA) to Adopt NACS Charging Ports from 2025 Onward

(Updated - January 16, 2024 8:13 AM EST)

Mazda announces it has reached an agreement with Tesla (NASDAQ: TSLA) to adopt NACS charging ports on its BEVs in North America from 2025 onward.

Midday movers: Goldman Sachs, Boeing, AMD and more

(Updated - January 16, 2024 11:46 AM EST)

Investing.com -- Main U.S. indexes retreated Tuesday, as risk appetite fell while investors digested earnings from more senior banks.

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

Goldman Sachs (NYSE: GS) stock rose 1.75% after the lenders profit rose 51% in the fourth quarter as its equity traders capitalized on a recovery in markets and revenue from its asset and wealth business rose.

Morgan Stanley (NYSE: MS) stock declined 3.3%. The bank beat... More

Fresh bank earnings ahead, Fed's Waller to speak - what's moving markets

Investing.com -- U.S. stock futures slip, as markets on Wall Street prepare to reopen after a holiday on Monday. Earnings from Goldman Sachs and Morgan Stanley will be in focus, along with a speech from Federal Reserve Governor Christopher Waller. Elsewhere, Elon Musk calls for a greater stake in Tesla (NASDAQ: TSLA), saying he would prefer to build products outside the electric carmaker if his holdings are not increased.

1. U.S. stock futures lower

U.S. stock futures pointed into the red on Tuesday, with investors... More

Tesla (TSLA) option IV steady

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 49; compared to its 52-week range of 42 to 75.

Musk wants 25% voting control at Tesla before fulfilling AI goal

By Chandni Shah and Hyunjoo Jin

(Reuters) -Tesla CEO Elon Musk said he would be uncomfortable growing the automaker to be a leader in artificial intelligence and robotics without having at least 25% voting control of the company, nearly double his current stake.

Musk said on Monday in a post on social media platform X, formerly known as Twitter, that unless he got stock in the world's most valuable automaker that was "enough to be influential, but not so much that I can't be overturned," at Tesla, he would prefer to build products outside of the electric-vehicle manufacturer.

Stellantis (STLA) adopts airfreight strategy as Red Sea attacks disrupt supply routs

A spokesperson for Fiat-parent Stellantis (NYSE: STLA) announced Friday that the automaker would temporarily utilize airfreight to address supply disruptions arising from changes in international transport routes due to attacks on vessels in the Red Sea.

"Stellantis has taken appropriate measures to... More

Tesla (TSLA) option implied volatility below as share price down 4%

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 49; compared to its 52-week range of 42 to 75 as share price down 4%.

Active options: TSLA NVDA MARA META C BAC AAPL AMD JPM

Active options: TSLA NVDA MARA META C BAC AAPL AMD JPM

Active options: TSLA NVDA AAPL MARA JPM BAC AMD NFLX

Active options: TSLA NVDA AAPL MARA JPM BAC AMD NFLX

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

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

EU investigators to visit Chinese brands in EV probe

According to an exclusive report by Reuters, citing unnamed sources involved in the situation, investigators from the European Commission are to conduct inspections on Chinese automakers as part of an ongoing probe to determine whether punitive tariffs should be imposed to safeguard European electric vehicle manufacturers.

The... More

Tesla (TSLA) trades down following price cuts in China

Shares of Tesla (NASDAQ: TSLA) are down more than 3% in pre-market trading Friday morning after the electric automaker officially reduced the price of their Model 3 and Model Y in China, with cuts ranging from Rmb6.5k to Rmb15.5k.

According to channel checks conducted by Morgan Stanley, the reduction was more moderate than what the... More

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

(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