BYD distributor to triple EV dealerships in Thailand

Tesla (TSLA) reclaims top spot as best-selling EV startup in China

January 23, 2024 10:04 AM EST

Tesla (NASDAQ: TSLA) reclaimed its position as the best-selling EV maker in China with a 60% WoW increase in deliveries to 11.7k units, attributed to recent price cuts.

Li Auto (NASDAQ: LI) followed with 7.7k units, showing a 13% YoY... More

Evercore ISI sees a further 10% downside in Tesla (TSLA) stock

January 23, 2024 8:16 AM EST

Evercore ISI expects Tesla (NASDAQ: TSLA) to report 4Q EPS of approximately $0.70, aligning with consensus estimates and buyside expectations. However, the company's gross margin is expected to be in line or slightly below consensus, standing at around 16.3%, compared to the consensus range of 16.5-17% excluding credits. This is attributed to discounts on existing U.S.... More

Morgan Stanley cuts price target on Tesla (TSLA) ahead of 4Q report

January 22, 2024 8:09 AM EST

Morgan Stanley reiterated an Overweight rating on Top Pick Tesla (NASDAQ: TSLA) and cut their 12-month price target on the electric auto stock to $345.00 (From $380.00) ahead of the companys 4Q earnings report, expected to be released on January 24th.

Global EV momentum is stalling. The market is over-supplied vs. demand. Wrote Morgan... More

Tesla (TSLA) PT Lowered to $345 at Morgan Stanley, 'Global EV momentum is stalling'

January 22, 2024 6:27 AM EST

Morgan Stanley analyst Adam Jonas lowered the price target on Tesla (NASDAQ: TSLA) to $345.00 (from $380.00) while maintaining a Equalweight rating.

The analyst comments "Global EV momentum is stalling. The market is over-supplied vs. demand. We anticipate Teslas 2024 outlook to be cautious on... More

Tesla (TSLA) January weekly option implied volatility into quarter results

January 19, 2024 10:32 AM EST

Tesla (NASDAQ: TSLA) January weekly call option implied volatility is at 64, February is at 50; compared to its 52-week range of 42 to 74 into the expected release of quarter results after the bell on January 24.

... More

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

January 19, 2024 8:41 AM EST

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) January weekly 210 straddle into quarter results

January 19, 2024 3:55 AM EST

Tesla (NASDAQ: TSLA) January weekly 210 straddle priced for a move of 7% into the expected release of quarter results after the bell on January 24.

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Active options: TSLA AMD NVDA AAPL SAVE MARA TSM MSFT AMZN

January 19, 2024 3:39 AM EST

Active options: TSLA AMD NVDA AAPL SAVE MARA TSM MSFT AMZN

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Active options: TSLA AMD NVDA AAPL SAVE MARA TSM

January 18, 2024 2:54 PM EST

Active options: TSLA AMD NVDA AAPL SAVE MARA TSM

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Tesla (TSLA) to show Cybertruck in China

January 18, 2024 2:05 PM EST

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

BYD launches three EVs in Indonesia with goal to become market leader

January 18, 2024 10:43 AM EST

Chinas BYD, the largest electric vehicle manufacturer globally, introduced three battery electric vehicle models in Indonesia on Thursday as the company aims to establish itself as the market leader in Southeast Asia's largest economy.

BYD surpassed Tesla (NASDAQ: TSLA) in the fourth quarter, becoming the world's... More

Active options: TSLA NVDA AMD AAPL BABA SAVE MSFT MARA BA

January 18, 2024 9:50 AM EST

Active options: TSLA NVDA AMD AAPL BABA SAVE MSFT MARA BA

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Tesla Delays Another Pay Adjustment - Electrek

January 18, 2024 9:40 AM EST

(Updated - January 18, 2024 9:43 AM EST)

Tesla Delays Another Pay Adjustment - Electrek

Tesla reportedly employees today that it will do another pay bump, a second in a few weeks, after employees' dissatisfaction with the previous one.The company has now delayed the second pay increase.... More

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

January 18, 2024 8:38 AM EST

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

Tesla, Ford among the most shorted stocks in 2023 - Hazeltree

January 18, 2024 8:03 AM EST

By Nell Mackenzie

LONDON (Reuters) -Hedge funds took the most bets against auto companies Tesla, Ford, and communications company Charter Communications in the United States last year, a report by data firm Hazeltree said on Thursday.

A short bet expects a company's stock price to decline.

These three firms, the most shorted U.S. large cap stocks, also featured in the top three... More

Tesla (TSLA) PT Lowered to $250 at Barclays

January 18, 2024 3:29 AM EST

Barclays analyst Dan Levy lowered the price target on Tesla (NASDAQ: TSLA) to $250.00 (from $260.00) while maintaining a Equalweight rating.... More

Tesla to showcase Cybertruck on China tour

January 18, 2024 3:26 AM EST

SHANGHAI (Reuters) -Tesla China is to launch a nationwide tour to showcase its flagship Cybertruck pickup in its second-largest market, the company said on Chinese social media messaging site Wechat on Thursday.

The U.S. automaker did not give dates.

Tesla CEO Elon Musk posted on... More

Active options: TSLA NVDA AMD AAPL SAVE MSFT AMZN BA JBLU MARA

January 17, 2024 1:55 PM EST

Active options: TSLA NVDA AMD AAPL SAVE MSFT AMZN BA JBLU MARA

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

January 17, 2024 10:54 AM EST

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

Tesla (TSLA) PT Lowered to $229 at UBS

January 17, 2024 10:07 AM EST

UBS analyst Joseph Spak lowered the price target on Tesla (NASDAQ: TSLA) to $229.00 (from $250.00) while maintaining a Neutral rating.... More

Active options: TSLA NVDA AMD AAPL MSFT BA SAVE AMZN

January 17, 2024 9:58 AM EST

Active options: TSLA NVDA AMD AAPL MSFT BA SAVE AMZN

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

January 17, 2024 8:43 AM EST

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

January 17, 2024 8:14 AM EST

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

Midday movers: Tesla, Boeing, Rivian and more

January 17, 2024 8:11 AM EST

(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

January 17, 2024 5:55 AM EST

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)

January 17, 2024 5:35 AM EST

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

January 17, 2024 1:21 AM EST

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.

... More