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

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

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

Midday movers: Tesla, Boeing, Rivian and more

(Updated - January 17, 2024 11:45 AM EST)

Investing.com -- Main U.S. indexes slipped lower Wednesday on concerns that interest rate cuts by the Federal Reserve could be further away than earlier anticipated.

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

Walt Disney (NYSE: DIS) stock fell 1.6% after the entertainment giant rejected nominees to its board of directors put forward by activist investors, saying the current leadership team has made "considerable" progress in executing a sweeping overhaul of the company.

Tesla (NASDAQ:... More

Tesla (TSLA) PT Lowered to $223 at Wells Fargo

Wells Fargo analyst Colin Langan lowered the price target on Tesla (NASDAQ: TSLA) to $223.00 (from $250.00) while maintaining a Equal Weight rating.... More

Elon Musk just opened a can of worms - Jefferies on Tesla (TSLA)

Jefferies analyst Philippe Houchois reiterated a Hold rating and $225.00 price target on Tesla (NASDAQ: TSLA).

The analyst commented: "Elon Musk just opened a can of worms by threatening to develop AI expertise outside Tesla unless his current c.13% voting stake is raised to 25%. With... More

Tesla slashes Model Y prices in Europe after China price cuts

By Hyunjoo Jin and Christoph Steitz

(Reuters) -Tesla has slashed prices of its Model Y cars across Europe including in Germany, a week after the company cut prices in China in the face of uncertain electric-vehicle demand.

The cuts, as well as lowered price targets from brokerages UBS and Wells Fargo, sent Tesla's shares down nearly 3%, adding to what has been a poor start for the stock in 2024.

Germany-listed rivals Mercedes Benz Group, Volkswagen and Bayerische Motoren Werke fell between 2.3% and 3.3%. In the United States, Ford Motor and General Motors were down 2% and 1.1%, respectively.

Uber says it's working with Tesla to boost EV adoption among drivers

(Reuters) - Uber is working with Tesla to promote use of electric vehicles by its drivers in the United States as it works towards becoming emission-free in U.S. and Canadian cities by 2030, the ride-hailing platform told Reuters on Tuesday.

Uber is offering its drivers exclusive purchase incentives of up to $2,000 for Tesla's Model 3... More

Analysis-Musk's warning about Tesla stake raises governance questions

By Aditya Soni, Akash Sriram and Hyunjoo Jin

(Reuters) -Elon Musk's warning about developing AI and robotics outside Tesla unless he gets more voting control could infringe on his duties as CEO and raise questions about the automaker's valuation, governance experts and analysts said.

The outspoken billionaire said on Monday he would be "uncomfortable" building Tesla into a leader in the technologies unless he has about 25% voting control at the company.

"Enough to be influential, but not so much that I cant be overturned. Unless that is the case, I would prefer to build products... 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

Popular stocks with increasing volume: TSLA AMD NVDA AAPL MSFT BA

Popular stocks with increasing volume: TSLA AMD NVDA AAPL MSFT BA

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

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

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.