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Lucid (LCID) opens EV factory in Saudi Arabia

Electric automaker, Lucid Group (NASDAQ: LCID) announced Wednesday the opening of the companys first international manufacturing plant. The facility is located in Saudi Arabia's Jeddah city and was constructed under a deal designed to help boost the Middle Eastern country's transition to... More

Morgan Stanley observes the UAW strike as Tesla (TSLA) influence 'looms larger that it appears'

Morgan Stanley remains bullish on Tesla (NASDAQ: TSLA) with an Outperform rating and a $400.00 price target on their Top Pick as the UAW continues to strike against the auto industry.

Morgan Stanley sees the UAW strike of 2023 as very similar to the 2019 strike against General Motors (NYSE: GM), but with a significant difference. Last time there was no viable alternative to domestic auto production outside of the Detroit 3 (GM, Ford, Stellantis).

In 2019, when the UAW went on strike for a grueling six weeks, Tesla (NASDAQ:... More

Tesla (TSLA) is subject to EU Chinese anti-subsidy probe

The Financial Times reports Tuesday morning that Tesla (NASDAQ: TSLA), along with other European carmakers exporting from China, will be part of a probe by the EU into whether the country's electric vehicles industry is receiving unfair subsidies.

EU executive vice-president Valdis... More

Baird reiterates Outperform on Tesla (TSLA) as EV maker is 'best positioned among its peers'

Baird reiterated their Outperform rating on Tesla (NASDAQ: TSLA) with a $300.00 price target on the stock as analyst, Ben Kallo continues to believe the electric automaker is the best positioned among its peers and recommends the company as a top pick for... More

EU ministers reach compromise on vehicle emission regulations

European Union ministers reached a consensus on Monday to modify a European Commission proposition concerning new vehicle regulations. The decision came after eight countries, including France and Italy, expressed concerns that the proposed changes might redirect investments away from the electric vehicle industry.

The European Union has been progressively tightening emissions standards for road vehicles since 1992. The Commission's... More