Midday movers: American Airlines, Triton International, Tesla and more

U.S. Senators question Tesla’s (TSLA) Elon Musk concerning the sharing of sensitive customer images by employees

An exclusive story by Reuters reports Friday that Two U.S. senators have written to Tesla (NASDAQ: TSLA) CEO Elon Musk, questioning him about the sharing by employees of sensitive images recorded by cameras in customers' vehicles.

"This apparent willful disregard for the privacy of Tesla customers is unacceptable and raises serious questions about Tesla's management practices," states the letter, which is signed by Senators Edward J. Markey and... More

Nissan seeks tech growth independent of Renault

An exclusive story by Reuters on Friday reports, citing seven people with knowledge of the matter, that Nissan is developing growth plans in areas such as software and electric vehicles (EVs) independent of Renault SA as the automakers work to finalize terms of the limited alliance.

According to the report, Nissan is seeking a partner outside the auto industry to develop software that connects vehicles to cloud-based services, two people involved in discussions said, without elaborating on candidates. That would address a relative weakness for Nissan as it tries to make cars "smarter and more connected", one of... More

Organizer plans show Tesla (TSLA) skipping Shanghai autoshow

The Shanghai autoshow, Chinas largest annual autoshow, begins next week. However, one of the biggest automakers in China will not be there. according to plans published by the event's organisers, electric vehicle giant Tesla (NASDASQ: TSLA) will not be occupying a booth this year.

China is set to host Auto... More

Tesla (TSLA) cuts prices in Europe, Singapore and Israel

Electric vehicle maker, Tesla Inc (NASDAQ: TSLA) on Friday slashed prices or its electric vehicles in Europe, Israel and Singapore. The cuts expand a global discount drive the company began in China in January while raising concerns about its industry-leading profit margin.

Tesla has lowered the price of... More

Brazilian Government offer fresh perks for a BYD plant as Ford talks stall

In February, the Brazilian government opened negotiations with electric automaker BYD in the hopes of reopening a factory that belonged to Ford (NYSE: F) in Camacari. Ford ended activities at the Camacari industrial complex in January 2021 following 20 years of operations.

However, as talks have stalled, a story from Reuters, citing unnamed sources, reports Thursday that... More

Enel X Way to Add 2M+ EV Charging Ports in North America by 2030

Energy transformation company, Enel X Way announced Thursday plans to add at least two million EV charge ports in North America across home, commercial and public charging segments by 2030. This target includes over 10,000 DC public charging stations in support of the National Electric Vehicle Incentive (NEVI) program in select... More

Alleged photos of Tesla's (TSLA) Model 3 'Project Highland' leaked online

Reports from late last year suggested that American electric vehicle maker Tesla (NASDAQ: TSLA) was working on a Model 3 refresh under the codename Project Highland. Over the months that followed, EV enthusiasts in the United States reported sightings of Project Highland units. In every instance, the front and rear ends of the Model 3 Project Highland vehicles were concealed.

However, an image posted on the r/TeslaMotors subreddit allegedly offers a first glimpse of a Tesla Model 3 Project Highland unit. Although the vehicle in the photo remains partially covered, its visible portions already... More

Morgan Stanley looks to Norway, says their EV market is 2 decades ahead of U.S.

Morgan Stanley reiterated an Overweight rating and $220.00 price target on Tesla Inc. (NASDAQ: TSLA) after The National Bureau for Statistics in Norway released their annual car park data. Morgan Stanley looks to Norway as the country is an estimated 19yrs ahead of the US with 79% EV sales penetration in 2022.

Analyst Adam Jonas wrote in a note, The National Bureau for Statistics in Norway (Statistics Norway) released their annual car park data last Friday. The numbers speak for themselves: Norway's electric... More

Stellantis (STLA) supplier SVolt plans European expansion to five battery plants

Bloomberg reports Thursday that Chinese battery maker SVolt Energy Technology Co. is set to expand its footprint in Europe to as many as five factories.

Asian companies dominate battery-making in Europe. Data shows some 44% of planned battery capacity in Europe by 2030 is expected from Asian companies, with Chinese battery giant CATL on top of the list.

SVolt already has two locations in Germany with one facility set to start supplying Stellantis (NASDAQ:... More