Tesla’s (TSLA) Chinese Deliveries Slip in October Following Record Highs

Lucid (LCID) files lawsuit against Texas over direct sales ban

Lucid Motors (NASDAQ: LCID), an American electric vehicle maker headquartered in California, has filed a lawsuit against the state of Texas over the state's rules on auto dealerships, which the EV startup labels "economic protectionism."

In a suit filed in Austin, Lucid said... More

Tesla (TSLA) Nio (NIO) and Renault Earn Top Marks from Green NCAP

The Green National Car Assessment Program (Green NCAP) released a new set of results on Monday focused on three vehicles during this latest round the Tesla Model 3, NIO eT7 and Renault Megane E-Tech. All three vehicles received an impressive five stars under the Green NCAP sustainable rating scheme, achieving nearly maximum scores due to the high energy efficiency of their electric powertrains, far exceeding the ratings of conventional cars.

The Tesla Model 3, with a battery capacity of 60 kWh, single motor, rear wheel drive and a power of 208 kW is the smallest vehicle of the Tesla (NASDAQ:... More

Tesla (TSLA) Gains Approval for Southfield R&D/Repair Facility

Electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) has received approval from Michigan's City of Southfield to expand a building for a research development and repair facility.

The city recently updated its zoning ordinance to allow for "this type of use," Southfield Planning... More

Elon Musk plans to cut half of Twitter jobs - Bloomberg News

(Reuters) - Elon Musk plans to cut about 3,700 jobs at Twitter Inc or half of the company's workforce in a bid to cut costs, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Twitter's new owner will inform the staff affected on Friday, according to the report.

Musk Didn't Have to Dump More Tesla to Fund Twitter, But Investors Still Feel Hangover

Tesla (NASDAQ: TSLA) investors can breathe a sigh of relief as it appears Elon Musk didn't need to sell any more shares to fund his $44 billion acquisition of Twitter, which closed on Friday. According to SEC rules, Musk would have had to file a Form 4 within two business days following the transaction date. That... More

Ford (F) Releases October Sales Numbers: EV Segment Jumps 2.2% YoY

Shares of Ford Motor Company (NYSE: F) are down 1.04% in early trading on Wednesday after the company released their sales numbers from the month of October. The American automaker reported 158,327 vehicles sold, 6,261 of which were electric models.

According to data released by the company, Fords October share of the electric vehicle segment was up 2.2 percentage points... More

Bernstein Reiterates Underperform Following Tesla (TSLA) Software Valuation

Bernstein reiterated an Underperform rating and $150.00 price target on Tesla Inc. (NASDAQ: TSLA) following an analysis of the companys software value. Analyst, Toni Sacconaghi sought to weigh-in to an ongoing debate about whether or not Tesla should be valued as a tech/software company or an auto manufacturer.

Tesla has two main sources of automotive software revenue today. First is deferred revenue recognition from software updates, which amounted to $48M last quarter, or ~$5/month per car in the installed base. Wrote Sacconaghi. The second source of software... More

Tesla (TSLA) Closes Flagship Showroom in Beijing

According to a report by Reuters, citing people familiar with the matter, Tesla (NASDAQ: TSLA) has closed the companys flagship showroom in Beijing, China. The Beijing showroom was in Parkview Green, an upscale downtown shopping center. A member of the mall's staff confirmed to Reuters during a visit to the site on Wednesday that Tesla had shut the showroom.... More

Tesla (TSLA) 30-day option implied at 54

Tesla (NASDAQ: TSLA) 30-day option implied is at 54; compared to its 52-week range of 49 to 84.

Tesla closes its first showroom in China in retail strategy shift - sources

SHANGHAI/BEIJING (Reuters) -Electric vehicle giant Tesla has closed what had been its flagship showroom in China, a move sources described as one aimed at paring retail costs in its second-largest market.

Tesla confirmed the closure of the showroom in Beijing's upscale downtown shopping centre Parkview Green to Reuters on Wednesday. It said it had relocated the store to another mall called Raffles City. That showroom was opened in mid-October and is smaller than the original two-floor showroom in Parkview Green.

Two people with knowledge of the matter previously said Tesla had shut the Parkview Green... More

Tesla plans mass production start for Cybertruck - Reuters

Tesla plans mass production start for Cybertruck - Reuters

Cathie Wood's ARK Making a Big Bet on Elon Musk Again... This Time With Twitter

Cathie Wood, known for her big bullish bet on Tesla (NASDAQ: TSLA), is rolling the dice on Elon Musk again, this time with his latest venture... Twitter.

Wood's ARK owns shares of the private company Twitter via ARK Ventures after Musk took the company private in a $44 billion deal on Friday. The firm said it has "high conviction" in Musks ability to transform the social media... More

Tesla (TSLA) to Bring Workers from China to Boost Production in Fremont

A story by Bloomberg today, citing people familiar with the plans, reports that electric vehicle giant Tesla (NASDAQ: TSLA) is sending engineers and production staff from its recently upgraded Shanghai factory to its plant in Fremont, California. Tesla believes that the move is necessary to boost production at the US facility.

The carmaker will dispatch... More

Tesla (TSLA) 30-day option implied at 54

Tesla (NASDAQ: TSLA) 30-day option implied is at 54; compared to its 52-week range of 49 to 84.

Active options: TSLA SOFI AAPL AMZN UBER NKLA META AMD

Active options: TSLA SOFI AAPL AMZN UBER NKLA META AMD

SpaceX launches first Falcon Heavy mission since 2019 from Florida

By Joey Roulette

(Reuters) -SpaceX's Falcon Heavy, the world's most-powerful active rocket, lifted off on Tuesday for the first time in more than three years through dense fog at Florida's Cape Canaveral, with Elon Musk's company sending satellites into orbit for the U.S. Space Force.

The rocket system, consisting of three Falcon 9 boosters strapped side-by-side, took off from a SpaceX launch pad, with two satellites from the Space Force and a group of smaller satellites bound for orbit. The Space... More

Uber, Pfizer, Tesla, Carvana Rise Premarket; Eli Lilly Falls

By Peter Nurse

Investing.com -- Stocks in focus in premarket trade on Tuesday, November 1st. Please refresh for updates.

Uber (NYSE: UBER) stock soared 10.4% after the ride-hailing firm forecast fourth quarter operating profit above expectations, betting on rising demand for its rides as customers resume spending more on travel and... More

Tesla (TSLA) Plans Mass Production of Cybertruck by End of 2023

According to an exclusive story by Reuters today, citing two people familiar with the matter, Tesla (NASDAQ: TSLA) is planning to start mass production of its Cybertruck at the end of 2023.

Tesla said last month that it was working on readying its Austin, Texas plant to build the new model with early production set to start in the... More

Tesla crash trial in California hinges on question of 'man vs machine'

By Hyunjoo Jin

(Reuters) - A manslaughter trial set to begin in Los Angeles for a fatal crash caused by a Tesla operating on Autopilot presents a first-of-its kind test for the legal responsibility of a human driver in a car that was partly driving itself, legal experts say.

The trial, set to begin Nov. 15, comes as civil cases head to trial next year over accidents involving Teslas Autopilot and adds to scrutiny of a system that Tesla co-founder Elon Musk has touted as a step to fully autonomous driving.

Critics say Tesla's claims and... More

Elon Musk Becomes Twitter CEO, Co-founder Jack Dorsey Rolls Over $1 Billion Stake

In a filing published yesterday, Tesla (NASDAQ: TSLA) and SpaceX CEO Elon Musk said he will serve as Twitters new Chief Executive after completing the buyout late last week. Musk also runs brain-chip startup Neuralink and tunneling firm the Boring Company.

Musk previously fired the entire Twitter board and... More

Tesla (TSLA) option implied as shares near low end of range

Tesla (NASDAQ: TSLA) 30-day option implied is at 55; compared to its 52-week range of 49 to 84.