Midday movers: Tesla, Boeing, Rivian and more

Rivian (RIVN) falls as Deutsche Bank questions demand for R1S

Shares of electric automaker, Rivian (NASDAQ: RIVN) were down more than 3.2% on Friday after the EV maker announced the R1S is now available for delivery from inventory in just 1-2 weeks.

This news came after the expansion of Rivian's leasing program to... More

BYD distributor to triple EV dealerships in Thailand

The exclusive Thai distributor of BYD plans to triple its dealerships within the next two years. A strategic move aimed at solidifying BYD's leading position in the Thai market.

In the fourth quarter of the previous year, BYD surpassed Tesla (NASDAQ: TSLA) to become the top EV maker globally. The expansion in Thailand serves as a significant step in BYD's global expansion strategy, particularly in markets where its U.S. competitor has not yet... More

U.S. to invest $325M to repair EV chargers while cutting costs

The White House announced that the U.S. Departments of Transportation and Energy will invest $325 million in three programs aimed at advancing electric vehicle (EV) technologies, repairing chargers, and reducing battery costs.

During the announcement, the White House stated that the funding for EV chargers will address the... More

Ford (F) expands workforce at Wayne facility to meet demand; reduces F-150 lightning production

Detroits Ford Motor (NYSE: F) revealed Friday their intention to generate almost 900 additional jobs by establishing a third crew at the Michigan Assembly Plant in Wayne. A move aimed at meeting the high demand for popular models like the Bronco, Bronco Raptor, Ranger, and Ranger Raptor.

Ford is strategically navigating its global operations to capitalize on a well-balanced lineup, offering customers a mix of gas-powered, hybrid, and electric vehicles for optimized financial... More

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

Spruce Point issues strong sell opinion on MSCI (MSCI), sees potential 65% downside

MSCI (NYSE: MSCI) shares fell at the start of Wednesday's session before clawing back some of their initial losses after Spruce Point Capital issued a Strong Sell opinion on the stock, saying it sees a potential 55% to 65% downside.

The short-selling firm said that after... 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

Morgan Stanley Names Baidu (BIDU) a Positive Research Tactical Idea, 'we see improving fundamentals in 4Q23'

Morgan Stanley analyst Gary Yu reiterated an Overweight rating on Baidu (NASDAQ: BIDU).

The analyst comments "We believe the share price will rise in absolute terms over the next 60 days. This is because the stock has traded off recently, making short term... 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