GM cuts price of Cadillac Lyriq electric vehicle in China

Tesla (TSLA) Model 3 tax credits likely reduced after Dec. 31

July 12, 2023 4:27 PM EDT

According to information posted on Tesla's (NASDAQ: TSLA) website on Tuesday evening, the federal tax credits of $7,500 for Tesla's Model 3 electric vehicles are expected to decrease after December 31.

The move comes as the U.S. government prepares to implement stricter regulations on batteries next year, with the aim of promoting domestic production of this essential... More

Citi opens upside catalyst watch ahead of General Motors (GM) 2Q earnings report

July 12, 2023 8:11 AM EDT

Citi reiterated a Buy rating on top pick, General Motors (NYSE: GM) and raised their 12-month price target on the stock to $89.00 (From $85.00) ahead of the companys 2Q earnings release. Citi also opened a 30-day upside catalyst call as they continue to see plenty of upside from strong North American pricing and expect a solid 2Q beat.

Analyst Itay Michaeli wrote in a note, If GM delivers another beat/raise with continued confidence in the... More

Citi Raises PT, Opens Catalyst Watch General Motors (GM)

July 12, 2023 4:34 AM EDT

(Updated - July 12, 2023 6:29 AM EDT)

Citi analyst Itay Michaeli reiterated a Buy rating and raised its price target to $89 (from $85) price target on General Motors (NYSE: GM) and opened an upside 30-day catalyst watch.

Opening Upside 30-Day Catalyst Watch

The analyst... More

Mercedes-Benz doubles EV sales in 2Q

July 11, 2023 9:48 AM EDT

German luxury automaker, Mercedes-Benz released their second quarter sales results Tuesday, reporting a 6% rise in sales (to 515,700 vehicles) compared to the same time last year. According to Mercedes, Electric vehicles continued to be the main growth driver in the quarter, with passenger cars sales more than doubling (123%) to reach 56,300... More