Chevron, Apple, Tesla fall premarket; Walgreens, Pinterest rise

Lawyer says Tesla (TSLA) knew of autopilot steering fault before fatal crash

During closing arguments in a California state court on Tuesday, an attorney involved in a lawsuit against Tesla (NASDAQ: TSLA), pertaining to a fatal accident, highlighted an internal safety analysis conducted by the company. The analysis revealed that Tesla was aware of a steering malfunction in its Autopilot driver assistant feature approximately two years prior.

This revelation occurred in the first U.S. trial that addresses allegations of Autopilot's involvement in a fatal incident. The plaintiffs are collectively seeking a jury award of $400 million, not including punitive damages. The verdict... More

Apple (AAPL) needs to invest heavily in generative AI to catch-up

TF International Securities analyst Ming-Chi Kuo said in a post that he believes Apple (NASDAQ: AAPL) will need to invest several billion dollars annually to catch up with the competition in generative AI.

The analyst explained that his latest survey indicates Apple plans to purchase 2,000 to 3,000 and 18,000 to 20,000 units of AI servers in 2023 and 2024, respectively, representing... More

Great Wall Motor responds to EU anti-subsidy probe

Prominent Chinese automaker, Great Wall Motors revealed that the company has formally submitted a response to the European anti-subsidy investigation into Chinese made electric vehicles and called for a fair and open trade environment.

Great Wall provided its statement to the European Commission on Oct. 11, and is the first automaker to have done... More

Bernstein reiterates Underperform on Tesla (TSLA) following 3Q cost reductions

Bernstein reiterated an Underperform rating on Tesla (NASDAQ: TSLA)with a 12-month price target of $150.00 on the electric automakers stock following the companys 3Q report and earnings call.

The automaker reported a disappointing 3Q with average COGS per car declining $2.5k from 39.2k in 3Q22 to $36.7k in 3Q23. Tesla bulls are holding on to... More

China production dependence is a big risk for Apple (AAPL) - BoA

BofA analyst Wamsi Mohan said in a note on Tuesday that Apple's (NASDAQ: AAPL) headline China risks could be increasing as they are more in focus.

The analyst, who maintained a Neutral rating and $208 price target on the stock, said... More

U.S. DOJ seeks Tesla (TSLA) documents on driving range

Tesla (NASDA: TSLA) revealed Monday that the U.S. Department of Justice (DOJ) is seeking documents from the automaker related to the driving range of the companys electric vehicles. The revelation follows reports that the company allegedly exaggerated their potential distance... More

Tesla (TSLA) discloses DOJ requests for information on 'personal benefits'

Tesla (NASDAQ: TSLA) confirmed in its quarterly SEC report that the electric automaker has received requests for documents from United States Department of Justice (DOJ) including subpoenas regarding certain matters associated with personal benefits, related parties, vehicle range and personnel decisions.

The company is required to report any contacts with government agencies regarding... More

Pinterest (PINS) checks skew more positive - Stifel

Stifel analyst Mark Kelley upgraded shares of Pinterest (NYSE: PINS) to Buy, raising the stock price target to $32 from $27 per share in a note to clients on Monday.

In the note, which previewed Q3 earnings for the digital advertising and subscriptions sector,... More