Drivers Seek Class Action Lawsuit Against Tesla (TSLA) Over Autopilot Claims

Tesla (TSLA) Completes Expansion at Shanghai Plant

Reuters reports today that a project to expand production capacity at Teslas (NASDAQ: TSLA) has been completed, according to a statement on a Shanghai government platform for companies' environmental information disclosures.

Previous reports show that the electric vehicle company had... More

Bernstein Expects EV Battery Demand to Rise; Will IRA Budget be Enough?

When U.S. President Joe Biden signed the Inflation Reduction Act (IRA) into law in August, he called it an historic step to fight inflation, lower costs, and create jobs that corporations cant ship overseas. The law was designed to do several things, not least of which was to combat climate change through clean energy and electric vehicle (EV) tax incentives.

Under the new law,... More

Tesla (TSLA) PT Raised to $400 at Deutsche Bank, 'We view 2023 as a pivotal year'

Deutsche Bank analyst Emmanuel Rosner raised the price target on Tesla (NASDAQ: TSLA) to $400.00 (from $375.00) while maintaining a Buy rating.

The analyst comments "considerably above consensus of $5.82. We view 2023 as a pivotal year in which Tesla continues to grow volume at a high... More

Tesla (TSLA) Expanding FSD Beta to Safety Scores Above 80

Tesla (NASDAQ: TSLA) CEO, Elon Musk announced on Twitter (NYSE: TWTR) today that the company will be expanding its Full Self-Driving Beta test to include those customers with a safety score above 80. The expansion will come after the release of version... More

President Biden Announces $900M for EV Charging at Detroit Auto Show

U.S. President Joe Biden, at the Detroit Auto Show Wednesday, announced the approval for $900 million in federal funding for a nationwide electrical vehicle charging network. As part of a $1 trillion infrastructure law passed in November, the first $900 million will be used to finance the construction of EV chargers across 53,000 miles of the national highway system in 34... More

Musk’s Strick Return-to-Office Policy has Tesla (TSLA) on Edge

Tesla (NASDAQ: TSLA) CEO, Elon Musk enacted a strict return-to-office policy back in June, informing employees suddenly by email that they would need to spend a minimum of forty hours in the office per week. Anything else, he suggested, was phoning it in.

When asked about the email, Musk made it clear he had zero tolerance for workers demands to continue working from home full time, saying: They should pretend to work somewhere else.

Musk... More

Active options: TSLA AAPL META NFLX AMZN GOOGL NVDA AMD MSFT CHPT AMC

Active options: TSLA AAPL META NFLX AMZN GOOGL NVDA AMD MSFT CHPT AMC

Tesla (TSLA) Weighs China Reset

In an exclusive story, Reuters reports that Tesla (NASDAQ: TSLA) is reevaluating the way the company sells electric cars in China. China is Teslas second-largest market. However, the electric vehicle giant is considering closing some showrooms in malls in cities like Beijing where traffic plunged during COVID restrictions.

According to people familiar... More

A Slow September Start Frustrates EV Investor Confidence in China

Weak seasonality, along with sporadic COVID lockdowns hampered Chinese electric vehicle sales in early September. According to Morgan Stanley analyst, Tim Hsiao, with already suppressed market sentiment, it would take a significant sales uptick to restore investor confidence in the auto segment.

A soft start to September was anticipated due to the Mid-Autumn Festival and several city-wide lockdowns. However, a 10% WoW decline in the EV run-rate was still a surprise compared to a low-single-digit sequential decline during the holidays last... More

Eu Trade Commissioner Dombrovskis: We Have Spoken With The U.s. On Their Tax Incentives For E-cars And Expressed Our Concerns - Reuters

Eu Trade Commissioner Dombrovskis: We Have Spoken With The U.s. On Their Tax Incentives For E-cars And Expressed Our Concerns - Reuters

Apple (AAPL) is Now the Most Shorted Stock in the U.S., Overtaking Tesla (TSLA)

Apple (NASDAQ: AAPL) recently overtook Tesla (NASDAQ: TSLA) as the stock with the most short interest in the U.S., according to data from S3 Partners.

As of today, Apple has short interest totaling $18.44 billion, versus... More

Needham Upgrades Tesla to Hold, Launches Coverage on 3 Other EV Stocks

Needham & Company has a new EV analyst, Vikram Bagri, who took over coverage of Tesla (NASDAQ: TSLA) and upgraded the shares to Hold from Underperform and launched coverage on three other EV stocks Fisker (Buy), Rivian (Hold), and Lucid (Underperform).

Tesla (NASDAQ: TSLA) was upgraded to hold from underperform. The analysts mentioned the following potential catalysts that could drive the stock higher: (1) renewed federal tax credit eligibility under... More

Needham & Company Assumes Tesla (TSLA) , Upgrades to Hold

Needham & Company analyst Vikram Bagri upgraded Tesla (NASDAQ: TSLA) from Underperform to Hold.

The analyst comments "We are transferring primary coverage of TSLA from Raji Gill and upgrading the stock to Hold. We believe the stock is fairly priced, and we... More

Ford (F) Gives Dealerships 2 Months to Decide on Selling Electric Vehicles

Ford (NYSE: F) announced at its annual dealership meetings in Las Vegas this week, that the company is requiring dealerships invest, evolve, improve, and offer new services if they want to be a Model E dealership and sell electric vehicles.

CEO Jim Farley, at the event, talk about rival electric vehicle maker, Tesla (NASDAQ: TSLA), and its roughly $2,000 price advantage the rival has on Ford. He said that Ford and its dealers need to, and have been,... More

Tesla is sued by drivers over alleged false Autopilot, Full Self-Driving claims

By Jonathan Stempel

(Reuters) - Tesla Inc was sued on Wednesday in a proposed class action accusing Elon Musk's electric car company of misleading the public by falsely advertising its Autopilot and Full Self-Driving features.

The complaint accused Tesla and Musk of having since 2016 deceptively advertised the technology as fully functioning or "just around the corner" despite knowing that the technology did not work or was nonexistent, and made vehicles unsafe.

Briggs Matsko, the named plaintiff, said Tesla did this to "generate excitement" about its vehicles, attract investments, boost... More

Tesla changes battery strategy to seek U.S. tax breaks - WSJ

(Reuters) - Tesla Inc is suspending plans to make battery cells in Germany as it looks at qualify for electric vehicle and battery manufacturing tax breaks in the United States, the Wall Street Journal reported on Wednesday, citing sources familiar with the matter.

The electric vehicle maker has... More

Tesla (TSLA) Halts Battery Production Plans in Germany as it Seeks U.S. Tax Credits

According to an exclusive report by the Wall Street Journal today, electric vehicle giant, Tesla (NASDAQ: TSLA) has decided to put a pause on the companys plans to make battery cells in Germany. The electric vehicle giant has been working to produce its own batteries and has discussed shipping equipment intended for use in Berlin to the US for domestic use.

According to the report, citing people familiar with the matter, Tesla is looking at qualifying for U.S. electric... More

Tesla Has Discussed Shipping Cell-making Equipment It Had Intended To Use At Its Berlin-area Factory To The U.s.- Wsj

Tesla Has Discussed Shipping Cell-making Equipment It Had Intended To Use At Its Berlin-area Factory To The U.s.- Wsj

Tesla (TSLA) Pauses Plan to Make Battery Cells in Germany - DJ

(Updated - September 14, 2022 2:04 PM EDT)

Tesla (NASDAQ: TSLA) is pausing plans to make battery cells in Germany, according to a report in Dow Jones, citing people familiar with the matter.

The company has discussed shipping cell-making equipment it... More

Active options: TSLA AAPL META NVDA AMZN AMD GOOGL AAL CHPT NIO

Active options: TSLA AAPL META NVDA AMZN AMD GOOGL AAL CHPT NIO

Tesla's (TSLA) Cyberwhistle Sells Out Quickly

Tesla (NASDAQ: TSLA) CEO Elon Musk took to twitter on Tuesday to encourage his followers to check out a new product called the Cyberwhistle. The Cybertruck inspired, limited-edition stainless-steel whistle was available for purchase on the Tesla website using Dogecoin (a crypto currency... More

Tesla (TSLA) Battery Supply 'Secured' - Canaccord Genuity

Canaccord Genuity analyst George Gianarikas reiterated a Buy rating and $304.00 price target on Tesla (NASDAQ: TSLA) after noting that battery supply for EVs and energy storage products is "secured."

"A recent investor event brought positive news about Tesla's battery supply chain.... More

Tesla plans to expand German plant off table for now - rbb

BERLIN (Reuters) - Carmaker Tesla's plans to expand its factory grounds in Germany are on hold for the time being after being taken off the agenda of the local municipal council, broadcaster rbb reported.

The mayor of Gruenheide, about an hour's drive from Berlin, where Tesla has its... More

Tesla (TSLA) Continues to Climb; Defends China Presence

As Tesla (NASDAQ: TSLA) makes the climb towards its goal of manufacturing 20 million vehicles a year by 2030, the electric vehicle leader continues to expand its global presence.

The company recently opened factories in Berlin and Texas, on top of plants in Shanghai and California. And with China operations back in full swing after a production line upgrade, Tesla Chair Robyn Denholm felt the need to defend the companies continued focus on... More

Tesla (TSLA) call put ratio 1.1 calls to 1 put as shares rally 2.3%

Tesla (NASDAQ: TSLA) September call option implied volatility is at 55, October is at 56; compared to its 52-week range of 36 to 84. Call put ratio 1.1 calls to 1 put as shares rally 2.3%.

UPDATE: Vote on planned Tesla (TSLA) expansion delayed indefinitely - RBB

(Updated - September 14, 2022 10:17 AM EDT)

Vote on planned Tesla (Nasdaq: TSLA) expansion delayed indefinitely - RBB

Tesla (TSLA) Trades at High, Up 2.9%

Tesla (NASDAQ: TSLA) Trades at High, Up 2.9%

Tesla (TSLA) call put ratio 1.5 calls to 1 put as shares sell off 2.5%

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 50; compared to its 52-week range of 36 to 84. Call put ratio 1.5 calls to 1 put as shares sell off 2.5%.

Auto parts supplier Aptiv to acquire 85% of Intercable unit in EV tech push

(Reuters) -Auto parts supplier Aptiv Plc said on Tuesday it would acquire a majority stake in a unit of Italy' Intercable for 595 million euros ($605.71 million), allowing the U.S. company access to technology used in electric vehicles (EVs).

Aptiv will own an 85% stake in the unit, Intercable Automotive Solutions, which manufactures high-voltage busbars that carry more electrical power than traditional cables. It has manufacturing facilities in... More