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

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

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

Active options: TSLA AAPL NVDA AMZN AMD NFLX PLTR BAC T MARA

Active options: TSLA AAPL NVDA AMZN AMD NFLX PLTR BAC T MARA

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

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

Investing.com -- U.S. futures fell Monday, pressured by rising bond yields ahead of quarterly earnings from a number of tech giants this week.

Here are some of the biggest premarket U.S. stock movers today:

Hess (NYSE: HES) stock rose 0.8% and... More

US Justice Department issues subpoenas to Tesla in ongoing probes

By Aditya Soni and David Shepardson

(Reuters) -The U.S. Justice Department has sought documents and issued subpoenas to Tesla as it scrutinizes the automaker's driver assistance system Autopilot and vehicle driving range, among other issues, the company said on Monday.

Tesla said in a regulatory filing it has received requests for information "including subpoenas, from the DOJ. These have included requests for documents related to Teslas Autopilot and FSD features" and other requests "associated with personal benefits, related parties, vehicle range and personnel decisions."

Treasury yields, Foxconn, tech earnings - what's moving markets

Investing.com -- Rising U.S. Treasury yields continue to weigh on stock markets at the start of a week that includes the release of earnings from a number of tech giants. Crude slips back as aid enters Gaza, while Apple is under pressure as its main supplier, Foxconn, faces a tax probe in China.

U.S. bond yields are on the rise again, with the yield on the benchmark 10-year Treasury back up to 4.969% on Monday, just short of... More

Active options: TSLA NVDA AAPL AMZN AMD BAC META NFLX PLTR MSFT

Active options: TSLA NVDA AAPL AMZN AMD BAC META NFLX PLTR MSFT

Tesla (TSLA) option implied volatility flat as share price lower after quarter results

Tesla (NASDAQ: TSLA) October weekly call option implied volatility is at 50, November is at 52; compared to its 52-week range of 42 to 96.

Active options: TSLA NVDA AAPL AMZN NFLX AMD BAC

Active options: TSLA NVDA AAPL AMZN NFLX AMD BAC

US EV sales skyrocket in 3Q, China expands reach

According to data released by Cox Automotive, US electric vehicle (EV) sales surged by almost 50% in the 3Q compared to last year, surpassing 300,000 units sold for the first time.

The current market trajectory suggests that the US may witness the sale of over a million EV cars this year, marking a significant milestone in the transition to auto electrification. A notable shift, coupled with Tesla's (NASDAQ:... More

Tesla (TSLA) raises price of Model X Plaid by $5K

Tesla's (NASDAQ: TSLA) Model X Plaid all-wheel drive in the United States now stands at $94,990, up from $89,990 according to the electric vehicle maker's website on Thursday.

The price adjustment follows CEO Elon Musk's recent remarks about maintaining demand through price reductions, despite expressing... More

Tesla (TSLA) PT Lowered to $210 at DZ Bank

DZ Bank analyst Matthias Volkert lowered the price target on Tesla (NASDAQ: TSLA) to $210.00 (from $230.00) while maintaining a Sell rating.... More

Tesla raises US price of Model X Plaid all-wheel drive by 5.6%

(Reuters) - Tesla has increased the price of its Model X Plaid all-wheel drive to $94,990 from $89,990 in the United States, the electric vehicle maker's website showed on Thursday.

This comes a day after CEO Elon Musk said Tesla had managed to maintain demand with a series of... More

Stock Market Today: Dow closes lower as 10-year Treasury yield flirts with 5%

Investing.com -- The Dow closed lower Thursday as investors weighed a surge in the 10-year Treasury yield, mixed quarterly results and remarks from Federal Reserve Chairman Jerome Powell.

The Dow Jones Industrial Average fell 1% or 250 points, the Nasdaq slipped 1%, and the S&P 500 fell 0.9%.

Powell said the Fed is "proceeding carefully" on future rate hikes following a spike in Treasury yields that have helped tighten financial conditions "significantly," but said continued economic growth could force the... More

Toyota (TM) adopts Tesla’s (TSLA) NACS

Toyota (NYSE: TM) announced Thursday, the Japanese automakers North American segment has reached an agreement with Tesla (NASDAQ: TSLA) to adopt the electric vehicle giants North American Charging Standard (NACS) connection for its battery electric vehicles... More

American Express, regional bank reports, Interpublic: 3 things to watch

Investing.com -- Stocks sank on Thursday as the yield on Treasuries rose after Federal Reserve Chair Jerome Powell said that while inflation was easing, the central bank is committed to getting inflation back to its 2% annual target rate.

Powell said the Fed is "proceeding carefully" on monetary policy decisions following a spike in Treasury yields that have helped tighten financial conditions "significantly," though acknowledged that signs of ongoing economy growth could warrant further policy tightening.  

Futures traders interpreted Powell's remarks, in a... More

Toyota (TM) Adopts Tesla (TSLA) NACS for EVs

Toyota Motor North America, Inc. (NYSE: TM) today announced it has reached an agreement with Tesla, Inc. (NASDAQ: TSLA) to adopt the North American Charging Standard (NACS) on its battery electric vehicles (BEVs) beginning in 2025. In line with Toyotas vehicle... More

Active options: TSLA NVDA NFLX AAPL AMZN AMD MSFT META RIVN

Active options: TSLA NVDA NFLX AAPL AMZN AMD MSFT META RIVN

Tesla (TSLA) PT Lowered to $275 at Deutsche Bank

Deutsche Bank analyst Emmanuel Rosner lowered the price target on Tesla (NASDAQ: TSLA) to $275.00 (from $285.00) while maintaining a Buy rating.

The analyst comments "In the near term, we continue to believe worries over limited 2024 growth and expected drag from Cybertruck could dampen investor sentiment,... More

Chinas CATL reports severe drop in profit growth as EV demand weakens

China's CATL, the leading global battery manufacturer for electric vehicles (EV), announced on Thursday that its third-quarter profits had grown by 10.7%, representing the companys slowest quarter since the beginning of last year. Management attributes the slowdown to a combination of reduced demand and intensified competition.

This growth figure stands in stark contrast to the 63.2% profit increase in the previous quarter and the substantial 188.4% surge experienced in the third quarter of 2022.

Recent data revealed that CATL witnessed a decline... More

Active options: TSLA NFLX NVDA AMZN AAPL AMD T MSFT

Active options: TSLA NFLX NVDA AMZN AAPL AMD T MSFT

After disappointing earnings, a prominent tech analyst asks: Is Tesla story broken?

Tesla (NASDAQ: TSLA) stock opened sharply lower on Thursday after electric vehicle (EV) maker reported weaker-than-expected results for the third quarter.

Tesla's adjusted earnings of 66 cents per share fell slightly short of the expected 72 cents per share.

The total operating margin of 7.6%... More

Tesla (TSLA) follows GM and Ford (F), slows EV ramp as demand drops

Tesla (NASDAQ: TSLA), on Wednesday, echoed the cautious approach of General Motors (NYSE: GM) and Ford (NYSE: F) towards expanding electric vehicle (EV) production capacity. The company cited economic uncertainties and emphasized concerns about a possible decline in demand.

Tesla CEO, Elon Musk voiced his apprehension about the... More

Citi cuts estimates on Tesla (TSLA) following 3Q miss

Citi reiterated a Neutral rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the electric automakers stock to $255.00 (From $271) following the companys 3Q earnings miss.

The company reported 3Q EPS of $0.66, missing the Streets $0.72 estimate by $0.06. Revenues came in... More

Tesla (TSLA) shares drop 7% in early trading

Shares of Tesla (NASDAQ: TSLA) dropped by more than 7% in pre-market trading Thursday morning. The drop comes as Wall Street analysts raise doubts about the company's capacity to sustain the exceptional growth that has distinguished the electric-vehicle maker from other automakers.

CEO Elon Musk, who last year referred to Tesla as "recession-resilient", expressed his concerns Wednesday about the potential effects of elevated interest rates on demand.

This unease follows the... More

Tesla, Foot Locker, Canada Goose fall premarket; Netflix rises

Investing.com -- U.S. futures steadied Thursday after the previous sessions losses, as investors awaited a key speech from Fed chair Jerome Powell for clues towards future monetary policy.

Here are some of the biggest premarket U.S. stock movers today:

Tesla (NASDAQ: TSLA) stock fell 7% after the EV manufacturer disappointed with its quarterly results as its recent wave of electric vehicle price cuts weighed on margins, raising... More

JPMorgan Stays Underweight on Tesla (TSLA), PT $135, 'fraught with greater risk'

JPMorgan analyst Ryan Brinkman reiterated an Underweight rating and $135.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "

Our Underweight rating considers notable investment positives, including a highly differentiated business model, appealing product portfolio, and leading-edge technology, which we believe are more... More

Tesla (TSLA) PT Lowered to $300 at New Street Research

New Street Research analyst Pierre Ferragu lowered the price target on Tesla (NASDAQ: TSLA) to $300.00 (from $526.67) while maintaining a Buy rating.... More

Tesla (TSLA) PT Lowered to $226 at Truist Securities

Truist Securities analyst William Stein lowered the price target on Tesla (NASDAQ: TSLA) to $226.00 (from $243.00) while maintaining a Hold rating.... More

Tesla (TSLA) PT Lowered to $310 at Mizuho Securities

Mizuho Securities analyst Vijay Rakesh lowered the price target on Tesla (NASDAQ: TSLA) to $310.00 (from $330.00) while maintaining a Buy rating.... More

Tesla (TSLA) PT Lowered to $310 at Wedbush

Wedbush analyst Daniel Ives lowered the price target on Tesla (NASDAQ: TSLA) to $310.00 (from $350.00) while maintaining a Outperform rating.... More

Tesla (TSLA) PT Lowered to $380 at Morgan Stanley

Morgan Stanley analyst Adam Jonas lowered the price target on Tesla (NASDAQ: TSLA) to $380.00 (from $400.00) while maintaining a Overweight rating.

The analyst comments "Teslas 3Q results were below consensus, but the commentary on the analyst call is what set the tone for... More

Bernstein Reiterates Underperform Rating on Tesla (TSLA), asks 'is the story broken?'

Bernstein analyst Toni Sacconaghi reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA).

The analyst commented: "For FY 24, we now believe that Tesla may have to guide to deliveries below consensus AND face lower margins. We are well below consensus on EPS... More

Powell's speech, Netflix, Tesla earnings - what's moving markets

Investing.com -- Fed chair Jerome Powell is set to speak later in the session, while Wall Street indices are set to open lower after bond yields rose to record levels.The earnings season continues in full flow, with Netflix and Tesla in the spotlight after releasing results after Wednesday's close.

Jerome Powell is set to hold the spotlight Thursday, as the Federal Reserve chairman speaks at the Economic Club of New York later in the session, with... More

Chinese EV makers sink tracking disappointing Tesla Q3 earnings

Investing.com-- Shares of Chinese electric vehicle makers fell on Thursday, tracking an overnight tumble in Tesla (NASDAQ: TSLA) after the worlds most valuable car maker posted weaker-than-expected third-quarter earnings.

Hong Kong-listed shares of Xpeng (NYSE: XPEV) (HK:9868), Li Auto (NASDAQ: LI) (HK:2015), NIO Inc (HK:9866) and BYD (HK:1211) fell between... More

Tesla (TSLA) PT Lowered to $267 at Canaccord, 'Managing through a changing interest rate regime'

Canaccord Genuity analyst George Gianarikas lowered the price target on Tesla (NASDAQ: TSLA) to $267.00 (from $293.00) while maintaining a Buy rating.

The analyst comments "It didnt have the same zip. A lot of talk about rising interest rates, a tough Cybertruck production slog ahead, and future cost... More

Tesla (TSLA) PT Lowered to $255 at Citi

Citi analyst Itay Michaeli lowered the price target on Tesla (NASDAQ: TSLA) to $255.00 (from $271.00) while maintaining a Neutral rating.... More

Tesla (TSLA) PT Lowered to $235 at Goldman Sachs

Goldman Sachs analyst Mark Delaney lowered the price target on Tesla (NASDAQ: TSLA) to $235.00 (from $265.00) while maintaining a Neutral rating.... More