Chinese EV stocks slide as Tesla Q4 results highlight demand fears

GM dealers pressure automaker to introduce more hybrid options

In an exclusive story by The Wall Street Journal Monday, a General Motors (NYSE: GM) advisory committee, made up of influential auto dealers, is pressuring the Detroit automaker to introduce additional hybrid models.

The Dealers worry that without more hybrid options they risk losing customers looking for a slower transition to fully electric vehicles.

According to unnamed sources, the committee has held several meetings where the dealers urged General Motors to add hybrids to its lineup. In recent years, GM has directed its attention toward fully electric vehicles,... More

Jefferies cuts estimates on Tesla (TSLA), says EV maker lacks 'vision or plan'

Jefferies reiterated a Hold rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the automakers stock to $185.00 (From: $225.00) following the companys 4Q earnings release.

Teslas 4Q results were as expected, with lower COGS. While slower growth was predicted, avoiding a set volume target could help bring back dynamic... More

Tesla (TSLA) sees FY Capex reaching above $10B in 2024

Tesla (NASDAQ: TSLA) unveiled an ambitious capital expenditure plan, anticipating expenditures exceeding $10 billion for 2024, with projections to allocate between $8.00 and $10.00 billion in each of the following two fiscal years.

Bolstered by a strong financial standing, the company reported $16.40 billion in cash and $12.70 billion in... More

J.P. Morgan cuts estimates on Tesla (TSLA), 'plenty of further downside potential'

J.P. Morgan reiterated an Underweight rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the auto stock to $130.00 (From $135.00) after the company reported weaker than expected earnings for the sixth straight quarter, and lower YoY profits for the fourth straight quarter, on Wednesday.

Tesla profit expectations have fallen, but... More

Wedbush removes Tesla (TSLA) from 'Best Ideas List'

Equity researcher Wedbush revealed Friday that their analysts have decided to remove electric vehicle maker, Tesla (NASDAQ: TSLA) from their Best Ideas List.

We are removing TSLA from the Wedbush Best Ideas List (BIL) due to our investment price discipline. Wedbush analysts wrote... More

Tesla (TSLA) recalls 199,575 EVs in the U.S.

Electric automaker, Tesla (NASDAQ: TSLA) is recalling nearly 200,000 electric vehicles due to a software glitch that may impede drivers' visibility while driving in reverse, the National Highway Traffic Safety Administration (NHTSA) said on Friday.

The recall covers certain 2023 Y, S and X model vehicles in the U.S., all equipped with "Full Self-Driving" computer 4.0 and run software... More

GM, Honda venture launch commercial production of fuel cell power system

Detroits General Motors (NYSE: GM) announced alongside Honda (NYSE: HMC) on Thursday that they have initiated the shipment of fuel cell power systems to customers from a factory near Detroit, marking a new exploration into the potential mass-market success of hydrogen power technology.

The initial production of fuel cell power units will be relatively modest, with Honda executive Jay Joseph... More

Tesla (TSLA) facing 'very limited growth', will require 'major price cuts' in 2024

Deutsche Bank (DB) reiterated a Buy rating on Tesla (NASDAQ: TSLA) but cut their 12-month price target on the electric automaker over heightened concerns around 2024.

Teslas very limited outlook commentary last night, in our view confirmed our caution around 2024, in which the company will likely see very limited volume growth and pressure on earnings. Wrote DB... More

Tesla (TSLA) slumps 10% following Musk sales warning

Shares of electric automaker, Tesla (NASDAQ: TSLA) fell more than 10% on Thursday following CEO Elon Musk's caution about a slowdown in sales growth this year.

This comes despite previous price cuts that have impacted profit margins and raised concerns among investors in the... More

Musk warns Chinese EV brands will 'demolish' global rivals without trade barriers

Tesla's CEO Elon Musk issued a warning on Wednesday, suggesting that Chinese automakers would destroy global competitors if trade barriers are eliminated.

Musks assertion underscores the mounting pressure faced by Tesla, the leading player in the U.S. electric vehicle market, from formidable competitors like BYD, a company backed by Warren Buffett, which clinched the title of the world's top-selling EV company last quarter.

Despite Tesla's aggressive price cuts extending... More