Tesla (TSLA) working on revamped Model Y

Morgan Stanley questions how competition can keep up with Tesla (TSLA); Reiterates Outperform

March 3, 2023 7:24 AM UTC

Morgan Stanley reiterated an Outperform rating and $220.00 price target on Tesla (NASDAQ: TSLA) following the electric vehicle makers 2023 investor day.

The company revealed their master plan 3 with vertical integration and new technologies to support CEO Elon Musks dream of creating a sustainable energy economy. However, vertical integration efforts only pay off if you manufacture at an extraordinarily high scale (1mn-2mn units per model, >1mm units per factory).

Analyst, Adam Jonas wrote in a note, The word 'petawatt'... More

Tesla (TSLA) sold 74,402 China-made EVs in February

March 3, 2023 7:07 AM UTC

According to China Passenger Car Association (CPCA) data released on Friday, electric vehicle maker, Tesla (NASDAQ: TSLA) sold 74,402 China-made electric vehicles (EV) in February, up 31.65% from a year earlier and 12.6% QoQ.

Tesla had planned to run its Shanghai plant at an average weekly output rate... More

Aehr (AEHR) CEO comments on Tesla's (TSLA) silicon carbide statements

March 2, 2023 1:24 PM UTC

Gayn Erickson, CEO of Aehr Test Systems (NASDAQ: AEHR), spoke today at the Power America conference on Wide Bandgap Semiconductors on Aehrs interpretation of Teslas (NASDAQ: TSLA) statements made at Teslas Investor Day on March 1, 2023.

During Teslas investor day, the electric vehicle maker discussed plans for a next... More

J.P. Morgan underwhelmed at Tesla (TSLA) investor day; reiterates underweight

March 2, 2023 10:34 AM UTC

J.P. Morgan reiterated an Underweight rating and $120.00 price target on Tesla (NASDAQ: TSLA) following the electric vehicle companys most recent investor day presentation.

Tesla and CEO Elon Musk held their investor day Wednesday, where the billionaire revealed his Master Plan Part 3. The plan was centered around creating a sustainable energy economy through electrification. However, the presentation... More

JPMorgan Reiterates Underweight Rating on Tesla (TSLA), 'Expect Negative Reaction'

March 2, 2023 8:14 AM UTC

JPMorgan analyst Ryan Brinkman reiterated an Underweight rating on Tesla (NASDAQ: TSLA).

The analyst comments "Our estimates and fundamental view on Tesla shares are unchanged after the firms investor day yesterday which was heavy on discussion relative to clean energy transition and on the companys approach to designing and developing vehicles generally, but short on specifics or measurable metrics to track its progress. From our conversations with investors heading into the event, it seems clear expectations were higher than Tesla met with regard to certain elements of the product road... More

Deutsche Bank Reiterates Buy Rating on Tesla (TSLA), PT $250, 'Lack of next-gen details disappointing but thesis intact'

March 2, 2023 6:05 AM UTC

Deutsche Bank analyst Emmanuel Rosner reiterated a Buy rating and $250.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "All in, we observed glimpses of technology and manufacturing improvements from the companys various presentations on ways in which it is looking to achieve 50% reduction in the cost of the next-gen platform. While specific financial details were... More

MP Materials (MP) trade down after Tesla (TSLA) announces EV motor with no rare earth metals

March 1, 2023 6:57 PM UTC

Tesla (NASDAQ: TSLA) and CEO Elon Musk held the companys investor day on Wednesday, where the company announced the Tesla has designed a permanent magnet motor that does not use any rare earth materials at all.

Rare earth metals, such as neodymium, dysprosium,... More

Elon Musk speaks on his 'Master Plan' for a future of sustainable energy at Tesla's (TSLA) investor day

March 1, 2023 6:20 PM UTC

Elon Musk and Tesla (NASDAQ: TSLA) held their 2023 investor day today. Musk opened with a presentation of "Master Plan 3", focused on creating a future with sustainable energy.

According to the presentation, in our current combustion energy-based economy, 80% of global energy comes from fossil fuels. However, only 1/3rd of global energy is converted to use for work or heat.

Elon Musk stated during the presentation that, The thing that is needed at a very... More

Tesla set to confirm new factory in Mexico after striking water deal

March 1, 2023 6:24 AM UTC

Investing.com -- Tesla (NASDAQ: TSLA) is set to confirm on Wednesday that it will build an assembly plant in Mexico, after President Andres Manuel Lopez Obrador appeared to drop some of his objections to the electric carmakers plans.

At a news conference on Tuesday, Lopez Obrador had claimed that the Tesla company is coming, without giving away too much further detail. More information is expected from Teslas Investor Day event later on Wednesday.

The investment is set to be the biggest yet in Mexico to benefit from the Biden Administrations... More

Tesla (TSLA) option implied volatility bid into 2023 Investor Day

March 1, 2023 4:54 AM UTC

Tesla (NASDAQ: TSLA) March weekly call option implied volatility is at 94, March is at 69; compared to its 52-week range of 49 to 96 into 2023 Investor Day today. Call put ratio 1.6 calls to 1 put.

... More

Stocks expected to have increasing option volume:TSLA PLUG PSTG NIO SPCE FSLR DELL KR COST

March 1, 2023 4:37 AM UTC

Stocks expected to have increasing option volume: TSLA PLUG PSTG NIO SPCE FSLR DELL KR COST

... More

Exclusive-Tesla readies revamp of Model Y codenamed 'Juniper' - sources

March 1, 2023 3:04 AM UTC

SHANGHAI/SAN FRANCISCO (Reuters) - Tesla is readying a production revamp of its top-selling Model Y, according to three people with knowledge of the plan.

The changes to the Model Y code-named Project Juniper - involve the exterior and interior of the electric vehicle (EV) with a target of starting production in 2024, according to two of the people, who asked not to be identified because the planning remains private.

A revamp of the Model Y would mean Tesla is on track to offer new versions of its top-selling models over the next two years, addressing pressure in... More

The road to Tesla's first Mexico factory

February 28, 2023 3:51 PM UTC

By Brendan O'Boyle

MEXICO CITY (Reuters) - Electric car maker Tesla Inc has chosen the northern Mexican state of Nuevo Leon as the site for its first plant in the country, Mexican President Andres Manuel Lopez Obrador said on Tuesday.

The announcement followed months of speculation over the global auto giant's plans for a "gigafactory" in the Latin American country as it aims to meet an ambitious global plan to sell 20 million electric vehicles a year by 2030.

Here is an overview of the events that led up to the deal.

2022

June 13: News outlet... More

Tesla (TSLA) call put ratio 1.6 calls to 1 put into investor day

February 28, 2023 3:47 PM UTC

Tesla (NASDAQ: TSLA) March weekly call option implied volatility is at 96, March is at 69; compared to its 52-week range of 49 to 96 into 2023 Investor Day on March 1, 2023. Call put ratio 1.6 calls to 1 put.

... More

Active options: TSLA AMC META AAPL NVDA LAZR AMZN COIN MARA

February 28, 2023 3:34 PM UTC

Active options: TSLA AMC META AAPL NVDA LAZR AMZN COIN MARA

... More

Tesla (TSLA) suffers from aging product line as sales slow in China

February 28, 2023 10:31 AM UTC

Data from China Merchants Bank International showed Tuesday that Teslas (NASDAQ: TSLA) sales in China rose last week but were still running short of the pace seen in the fourth quarter, indicating a bump from discounted prices in its biggest overseas market is waning.

According to the data, the electric vehicle maker nearly... More

Mexico announces new Tesla (TSLA) plant to be built in Monterrey

February 28, 2023 10:19 AM UTC

Mexican President Andres Manuel Lopez Obrador announced Tuesday morning that the government has reached an agreement with electric vehicle maker, Tesla (NASDAQ: TSLA) over the company's plan to build a new plant in the northern city of Monterrey.

Speaking at a news... More

Tesla (TSLA) call put ratio 2 calls to 1 put into Investor Day

February 28, 2023 10:02 AM UTC

Tesla (NASDAQ: TSLA) March weekly call option implied volatility is at 97, March is at 71; compared to its 52-week range of 49 to 96 into 2023 Investor Day on March 1, 2023. Call put ratio 2 calls to 1 put.

... More

Active options: TSLA AMC META NVDA AAPL TGT ZM AMD OXY AMZN BABA

February 28, 2023 9:53 AM UTC

Active options: TSLA AMC META NVDA AAPL TGT ZM AMD OXY AMZN BABA

... More

Tesla to build new plant in Mexico worth over $5 billion, government says

February 28, 2023 9:30 AM UTC

By Dave Graham and Daina Beth Solomon

MEXICO CITY (Reuters) -Tesla Inc will build a new assembly plant in northern Mexico, the country's president announced on Tuesday, marking a push by the electric vehicle maker to broaden operations outside the U.S. in a deal an official said was worth over $5 billion.

President Andres Manuel Lopez Obrador said "the whole Tesla company" was coming to Mexico to build a "very big" automotive plant, noting that potential investment in batteries was still pending. He did not reveal what models it would produce.

One Mexican official... More

Tesla (TSLA) Will Build Plant In Monterrey: Amlo - Bloomberg

February 28, 2023 9:02 AM UTC

Tesla (NASDAQ: TSLA) Will Build Plant In Monterrey: Amlo - Bloomberg

... More

Tesla's China sales slow as price-cut boost wanes

February 28, 2023 6:38 AM UTC

SHANGHAI (Reuters) - Tesla Inc's electric vehicle (EV) sales in China rose last week but were still running short of the pace seen in the fourth quarter, indicating the bump from discounted prices in its biggest overseas market is waning.

The U.S. automaker nearly doubled weekly retail sales in the week of Feb. 20 to 10,703 vehicles versus a week prior, showed data from China Merchants Bank International (CMBI) on Tuesday, which tracks weekly retail sales based on car insurance registrations.

The tally was the highest after that of the week of Jan. 9 when Tesla sold 12,654 Model 3... More

Tesla (TSLA) call put ratio 1.3 calls to 1 put

February 28, 2023 3:56 AM UTC

Tesla (NASDAQ: TSLA) March weekly call option implied volatility is at 88, March is at 69; compared to its 52-week range of 49 to 96 into 2023 Investor Day on March 1, 2023.

... More

Elon Musk recruits team to develop OpenAI's ChatGPT rival - The Information

February 27, 2023 7:48 PM UTC

(Reuters) -Elon Musk has approached AI researchers in recent weeks about forming a new research lab to develop an alternative to OpenAI's ChatGPT, the Information reported on Monday, citing people with direct knowledge of the effort.

Tesla and Twitter chief Musk has been recruiting Igor Babuschkin, a researcher... More

Stock market today: Dow ends higher as bruised growth stocks attract dip buyers

February 27, 2023 4:25 PM UTC

By Yasin Ebrahim

Investing.com -- The Dow closed higher Monday, as dip buying in beaten-down growth stocks helped the broader market recover following its worst week of the year.

The Dow Jones Industrial Average rose 0.22%, or 72 points, the Nasdaq Composite gained 0.63%, and S&P 500 was up 0.32%.

Tesla (NASDAQ: TSLA) led the gains in consumer discretionary as investors looked ahead to the electric vehicle makers investor day on Wednesday.

We expect the company to introduce Master Plan 3 and present the main... More

Elon Musk Retakes Spot As World's Richest Person - Blomberg

February 27, 2023 4:01 PM UTC

Elon Musk Retakes Spot As World's Richest Person - Blomberg

... More

Active options: TSLA AMC AAPL NVDA AMZN GOOG META GOOGL FSR

February 27, 2023 3:20 PM UTC

Active options: TSLA AMC AAPL NVDA AMZN GOOG META GOOGL FSR

... More

Dan Niles sees room for growth for Meta Platforms, says NVIDA an AI beneficiary

February 27, 2023 2:29 PM UTC

Founder and Senior Portfolio Manager for the Satori Fund, Dan Niles, said Monday that Meta Platforms (NASDAQ: META) stock would "go vertical" if TikTok was banned in the US.

The hedge fund manager explained in a Twitter Spaces with Investing.com and Street Insider that Meta Platforms' September quarter earnings,... More

Tesla (TSLA) March weekly option implied volatility at 88, March at 70

February 27, 2023 2:11 PM UTC

Tesla (NASDAQ: TSLA) March weekly call option implied volatility is at 88, March is at 70; compared to its 52-week range of 49 to 96 into 2023 Investor Day on March 1, 2023.

... More

Dan Niles says Tesla (TSLA) is a 'fantastic company' but its valuation question at 52x EPS

February 27, 2023 12:51 PM UTC

Dan Niles says Tesla (NASDAQ: TSLA) is a 'fantastic company' but its valuation question at 52x EPS, says short-term self-driving is too hyped, long-term probably not enough (LINK)

... More

Tesla (TSLA) March weekly option implied volatility bid into Investor Day

February 27, 2023 10:59 AM UTC

Tesla (NASDAQ: TSLA) March weekly call option implied volatility is at 88, March is at 72; compared to its 52-week range of 49 to 96 into 2023 Investor Day on March 1, 2023.

... More

Tesla (TSLA) Conviction Remains High - Cathie Wood

February 27, 2023 10:31 AM UTC

(Updated - February 27, 2023 10:40 AM EST)

(Updated - February 27, 2023 10:33 AM EST)

Inflation on the Way Down - Cathie WoodBrutal Interest Rates Nearing an EndData May be Volatile Due to Seasonal Factors - Cathie WoodPeople Beginning to Understand Ground Shifting on AI, TechnologyAI... More

Active options: TSLA NVDA AAPL AMC AMZN FSR NFLX CCL AMD SNAP

February 27, 2023 10:00 AM UTC

Active options: TSLA NVDA AAPL AMC AMZN FSR NFLX CCL AMD SNAP

... More

Tesla (TSLA) Extends Gain, Up 4.3%

February 27, 2023 9:52 AM UTC

Tesla (NASDAQ: TSLA) Extends Gain, Up 4.3%

... More

Tesla (TSLA) Paused Rollout Of Fsd Beta Feature Pending Software Fix - Blomberg

February 27, 2023 9:41 AM UTC

Tesla (NASDAQ: TSLA) Paused Rollout Of Fsd Beta Feature Pending Software Fix - Blomberg

... More

Seagen, Union Pacific and Tesla rise premarket; Pfizer falls

February 27, 2023 8:39 AM UTC

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Monday, February 27th. Please refresh for updates.

Seagen (NASDAQ: SGEN) stock rose about 14% after the Wall Street Journal reported that drugs giant... More

Dow Jones, Nasdaq, S&P 500 weekly preview: Fed tightening forecasts are inching up

February 27, 2023 7:57 AM UTC

Last week, the S&P 500 (SPX) recorded the biggest weekly drop since early December as investors increasingly expect the Fed to continue tightening amid recent hotter-than-expected inflation data.

S&P 500 fell 2.67% with the bears securing the first weekly close below 4000 since mid-January. The index closed the week with its forward 12-month P/E ratio at 17.7, below the 5-year average (18.5) and above the 10-year average (17.2).

As expected, the rate-sensitive Nasdaq Composite Index (IXIC) dropped 3.3% to close below the 200 weekly moving average, which is now expected to act as resistance.

After three weeks of hovering just above the 100 weekly... More

BYD says price cuts were part of promotions by some dealers

February 27, 2023 7:27 AM UTC

Chinese conglomerate and auto maker, BYD Company is down 1.65% today in Chinese markets after reports that the company cut prices on their vehicles. However, the company replied to reports, saying that the price cuts were not its official move, after the matter sparked discussion over the... More

Dow futures rise 125 pts; durable goods, pending home sales data due

February 27, 2023 7:24 AM UTC

By Peter Nurse

Investing.com -- U.S. stocks are seen opening higher Monday, recovering ground after last weeks losses ahead of the release of a raft of U.S. economic data which should provide more insight on the near-term path of interest rates.

At 07:00 ET (12:00 GMT), the Dow futures contract was up 125 points, or 0.4%, S&P 500 futures traded 18 points, or 0.5% higher, and Nasdaq 100 futures climbed 68 points, or 0.6%.

The major indices closed sharply lower Friday, suffering their worst week so far this year after the Federal... More

Tesla (TSLA) German plant reaches 4k cars per week ahead of schedule

February 27, 2023 6:51 AM UTC

Electric vehicle maker, Tesla (NASDAQ: TSLA) announced Monday that its plant in Brandenburg near Berlin is now producing 4,000 cars per week. According to a recent production plan viewed by Reuters, the company reached this goal three weeks ahead of... More

Musk's plan for a cheap Tesla car is what fans hope to hear this week

February 27, 2023 6:06 AM UTC

By Hyunjoo Jin

SAN FRANCISCO (Reuters) - Tesla Chief Executive Elon Musk has for years teased the world with his dream of an affordable electric car. This week, fans hope, he will explain what he has in mind - and perhaps how he can afford to build it.

Musk said last year he shelved the plan for a $25,000 car, known as Model 2, and he hasn't mastered the new battery technology that he has stated would be crucial to the cheap cars.

Expanding into the mass market is critical to meeting Tesla's goal to increase vehicle deliveries... More

Tesla (TSLA) option implied volatility into 2023 Investor Day

February 27, 2023 4:53 AM UTC

Tesla (NASDAQ: TSLA) February weekly call option implied volatility is at 77, March is at 69; compared to its 52-week range of 49 to 96 into 2023 Investor Day on March 1, 2023.

... More

Tesla's German plant hits 4,000 cars per week ahead of schedule

February 27, 2023 3:29 AM UTC

By Victoria Waldersee

BERLIN (Reuters) -Tesla's German plant in Brandenburg near Berlin is now producing 4,000 cars per week, the company said on Monday, quadrupling from May when Chief Executive Elon Musk had compared investment in Tesla's new plants to "gigantic money furnaces."

The Berlin plant hit the production target three weeks ahead of a production schedule reviewed by Reuters.

Shares of Tesla were up 4% at $204.93 on Monday.

At its new weekly output, Tesla's plant in Germany would have annual output of over 200,000 vehicles. The maximum capacity planned for the... More