Tesla (TSLA) cuts range estimates on various EV models

Shares fall as Tesla (TSLA) announces increased pay for U.S. workers

January 11, 2024 9:31 AM UTC

Shares of electric vehicle giant, Tesla (NASDAQ: TSLA) are trending down more than 1.5% in pre-market trading Thursday morning after it was announced that the company notified workers at its California car plant of pay increases across its US factories.

This announcement marks the latest bump by a nonunion automaker as the United Autoworkers Union (UAW) works to increase membership in the U.S.

Tesla's facility in Fremont, California, has announced a "market adjustment pay... More

Data shows VW, Toyota lose market share in 2023

January 10, 2024 8:22 AM UTC

In the latest industry data out of China revealed on Wednesday, Volkswagen and Toyota Motor (NYSE: TM)) witnessed a decline in their share of the world's largest auto market. This decrease occurred as established global carmakers yielded ground to their Chinese counterparts.

Specifically, VW's two joint ventures in China with FAW and SAIC collectively held a 14.2% share in sales for the year 2023. This figure marks a decrease from their... More

Tesla (TSLA) introduces updated Model 3 in North America

January 10, 2024 8:05 AM UTC

Tesla (NASDAQ: TSLA) introduced the redesigned iteration of its Model 3 compact sedan in North America on Wednesday, maintaining its prices despite the refresh. This update comes after the vehicle garnered significant interest upon its debut in China and Europe.

The move aims to rejuvenate Tesla's aging vehicle lineup within its primary market. It follows a price competition last year that enabled the... More

Tesla lowers range estimates as U.S. regulators tighten vehicle-test rules

January 9, 2024 10:43 AM UTC

By Norihiko Shirouzu

(Reuters) -Tesla has lowered driving-range estimates across its lineup of electric vehicles as a new U.S. government vehicle-testing regulation takes effect with the goal of ensuring that automakers accurately reflect real-world performance.

Tesla has historically issued range estimates that overstate what its cars can deliver, prompting widespread complaints from customers, according to some automotive testing experts and a Reuters investigation last year.

Reuters reported in July that the automaker, about a decade ago, rigged the algorithm that controls in-dash range estimates in Tesla vehicles to give rosy projections of how far owners... More

Active options: NVDA TSLA AAPL AMD BA AMZN MARA PLTR BABA

January 9, 2024 4:26 AM UTC

Active options: NVDA TSLA AAPL AMD BA AMZN MARA PLTR BABA

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Active options: TSLA NVDA AAPL AMD AMZN MARA MPW MSFT

January 8, 2024 4:26 AM UTC

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Active options: TSLA NVDA AMZN MARA AMD QS BABA

January 5, 2024 9:48 AM UTC

Active options: TSLA NVDA AMZN MARA AMD QS BABA

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Tesla (TSLA) recalls 1.62M units in China

January 5, 2024 8:47 AM UTC

The China State Administration for Market Regulation revealed Friday that electric automaker, Tesla (NASDAQ: TSLA) will recall 1.62 million vehicles in the country. The recall follows two others that were enacted in the United States in December.

The U.S. automaker will release an... More

Midday movers: Tesla, Constellation Brands, Palantir and more

January 5, 2024 8:40 AM UTC

(Updated - January 5, 2024 12:02 PM EST)

Investing.com -- Main U.S. indexes gained as investors parsed economic data for clues about the timing of Fed rate cuts. The December monthly payroll report showed stronger than expected job gains, but a separate report from the Institute of Supply Management showed U.S. services activity slowed considerably.

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

Tesla (NASDAQ: TSLA) stock rose 0.1% but underperformed Nasdaq with the EV manufacturer undertaking an effective recall on 1.62 million vehicles... More

Tesla (TSLA) PT Lowered to $227 at Truist Securities

January 5, 2024 6:12 AM UTC

Truist Securities analyst William Stein lowered the price target on Tesla (NASDAQ: TSLA) to $227.00 (from $228.00) while maintaining a Hold rating.

... More

Tesla to fix 1.62 million vehicles in China - regulator

January 5, 2024 2:57 AM UTC

BEIJING (Reuters) -Tesla is doing an effective recall on 1.62 million vehicles, including its models S, X, 3 and Y in China, the market regulator said on Friday.

The recalls in Tesla's second largest market follow two recalls by the automaker in the United States in December.

Tesla can remotely upgrade the vehicles to... More