China's BYD launches autonomous driving division and extensive recruitment drive

Gotion High-Tech launches 1000km range EV battery

Chinese battery maker, Gotion High-Tech on Friday launched its in-house L600 Astroinno battery cell and pack under the LMFP lineup at the 12th Gotion Technology Conference. The companye new battery features a range of up to 1000km, setting a precedent for developing NCM-free batteries. The batterys debut follows a procurement letter from Volkswagen designating Gotion as a supplier for the automaker's overseas markets.

Dr. Cheng Qian, Executive President of the International Business Unit of Gotion High-Tech, who released... More

Lawsuit claims Revel driver experienced 'unintended acceleration' in Tesla (TSLA)

A driver for electric ridesharing startup, Revel is suing Tesla (NASDAQ: TSLA) over claims of "unintended acceleration". The plaintiffs lawyer noted that a Tesla suddenly and automatically took off, forcing the driver to crash the vehicle.

The lawsuit was filed earlier this week with the New York State Supreme Court. The filing noted that plaintiff Akm Shamsuzzaman showed up for work at Revel Transit, where he was employed as a driver, on January 29 and was assigned to... More

U.S. administration announces $51M investment towards EV charging network

The Biden-Harris administration, on Thursday announced a $51 million Ride and Drive Electric funding opportunity through President Bidens Bipartisan Infrastructure Law to accelerate the electrification of the nations transportation sector and spur private sector investments in clean transportation.

This funding will help to increase reliability of chargers by providing funding for validating and testing charging equipment and increase opportunities for underserved communities through new jobs and training resources.

Thanks to President Bidens Investing in America agenda, we are developing a... More

Nio (NIO) and Autoliv (ALV) to collaborate on safety technology for future EVs

Autoliv, Inc. (NYSE: ALV) and NIO Inc (NYSE: NIO) announced Friday that they have signed a strategic cooperation framework agreement to collaborate on several new safety technologies for electric vehicles with an overarching focus on sustainable solutions.

Autoliv wrote in a press release that The strategic cooperation between NIO and Autoliv marks a significant milestone in our shared objective to redefine the way people experience... More

Deutsche Bank 'encouraged' by Tesla (TSLA) following tour of Texas Gigafactory

Deutsche Bank reiterated a Buy rating on Tesla (NASDAQ: TSLA) and maintained their 12-month price target on the stock at $200.00 after hosting investors in Austin for a guided tour of the electric automakers Texas Gigaplant. They also held meetings with the companys Head of IR Martin Viecha and Director Travis Axelrod.

Analyst Emmanuel Rosner was, once again, impressed with the plant, which he says is well designed and runs very efficiently, and is clearly making good progress in ramping up both vehicles and battery cells volumes, and in installing tooling for... More

Nio (NIO) goes nuclear, invests in fusion technology startup

Chinese electric vehicle maker Nio Inc. (NYSE: NIO) has made an investment in, Neo Fusion, a company that is developing fusion technologies, according to a company filing.

According to a report by Reuters, citing unnamed sources with direct knowledge, Neo Fusion will... More

Tesla (TSLA) Tesla 'serious' about establishing presence in India says Minister

During an interview with Reuters on Friday, the Deputy Minister for Technology of India said that Tesla Inc. (NASDAQ: TSLA), the electric automaker, is "serious" about plans to establishing a manufacturing presence in the country. This week, Tesla engaged in discussions with Indian officials, covering multiple subjects such as incentives for car and battery manufacturing,... More

Analysts expect solid earnings and guidance from NVIDIA (NVDA)

NVIDIA's (NASDAQ: NVDA) price target was raised at Oppenheimer and Susquehanna ahead of its earnings release after the close on Wednesday, May 24.

Oppenheimer analyst Rick Schafer raised the firm's price target on the stock to $350 from $300, maintaining an Outperform rating. He told investors they see upside to the company's print and outlook.

"DC expected up through the... More

Fisker (FSR) explores collaboration with other companies

Fisker (NYSE: FSR) CEO, Henrik Fisker said Wednesday that the electric automaker is exploring collaborations with other companies to scale up market share faster.

"Buyers aren't loyal anymore to their traditional brands. That changes everything. If we collaborate with someone, you can scale quicker ... it could be with suppliers, other car companies, tech companies - we are exploring all these avenues," Fisker said, speaking at the Reuters Automotive Conference in Munich.

During interviews at the conference on Tuesday, senior executives from Polestar (NASDAQ: PSNY) and Smart, rival... More

Tesla (TSLA) reopens talks with India, proposes new EV factory

Reuters reports, citing a source with direct knowledge of the matter, that electric vehicle giant Tesla (NASDAQ: TSLA) told government officials on Wednesday they would like to build a factory in India to build electric cars for domestic sale and... More

Stellantis (STLA) warns UK factories will close if Brexit deal is not changed

Stellantis (NYSE: STLA), the world's No. 3 carmaker by sales and owner of 14 brands including Vauxhall, Peugeot, Citroen and Fiat has warned the U.K. that British car plants will close with the loss of thousands of jobs unless the Brexit deal is swiftly renegotiated.

According to Stellantis, under the current deal it would face tariffs when exporting electric vans to Europe... More

Tesla (TSLA) to finally enter India, will build a local EV factory for domestic sales and export

Tesla (NASDAQ: TSLA) is looking to further expand its global footprint with a new EV factory in India, as reported by Reuters early Wednesday.

According to a "source with direct knowledge of the matter," the new plant, if materialized, will produce cars for both domestic sales and... More

Tesla's (TSLA) shareholder meeting: Musk unveils product updates, strategic plans, and an advertising shift; Analysts positive

Tesla (NASDAQ: TSLA) held its annual shareholder meeting in Austin Texas on Tuesday where CEO Elon Musk updated investors on the companys current product fleet, FSD, its Cybertruck production ramp, and plans to complete Part 3 of its Master Plan to provide a path towards a 100% sustainable economy.

The meeting took place just days after Musk announced that there will be a new person heading up Twitter, signaling to TSLA shareholders he may have more time to spend on the electric vehicle giant.

The multi-billionaire reiterated his commitment to... More

Target, TJX and EVgo fall premarket; Western Alliance and Tesla rise

Investing.com -- Stocks in focus in premarket trade on Wednesday, May 17th. Please refresh for updates.

Target (NYSE: TGT) stock fell 0.9% after the retail giant forecast a gloomy second quarter even as it maintained its 2023 annual profit expectation after beating first-quarter results, benefiting from steady demand for beauty... More

Tesla restarts India market talks with new factory proposal - source

By Aditya Kalra and Aditi Shah

NEW DELHI (Reuters) -Tesla Inc has proposed setting up a factory in India to build electric cars for domestic sale and export, the carmaker told government officials on Wednesday, according to a source with direct knowledge of the matter.

The proposal comes after India refused to agree to Tesla's request last year to lower the import tax on cars, which can reach as much as 100%. India wanted the carmaker... More

Stifel starts EVgo (EVGO) at Buy, believes company is positioned well to capitalize on growth trend

Stifel initiated coverage of EV fast charging company, EVgo Inc. (NASDAQ: EVGO) with a Buy rating and set their 12 month price target for the stock at $9.00.

EVgo is a leading EV charging company based in Los Angeles. Their primary business is the... More

Tesla (TSLA) Had No Discussion On Lowering Import Taxes On Electric Cars With Indian Officials - Reuters

Tesla (TSLA) Had No Discussion On Lowering Import Taxes On Electric Cars With Indian Officials - Reuters

Tesla (TSLA) Proposes Setting Up EV Manufacturing Plant In India, In Talks With Govt Officials - Reuters

Tesla (TSLA) Proposes Setting Up EV Manufacturing Plant In India, In Talks With Govt Officials - Reuters

6 key takeaways from Tesla's (TSLA) shareholder meeting - Bernstein

Bernstein analyst Toni Sacconaghi reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA). Six key takeaways from the meeting:

Wedbush Reiterates Outperform Rating on Tesla (TSLA) after annual meeting

Wedbush analyst Daniel Ives reiterated an Outperform rating and $215.00 price target on Tesla (NASDAQ: TSLA).

"While Musk cited a choppy macro for the next year we heard an optimistic Musk with Tesla set to have a strong year of innovation and... More

CFRA Reiterates Buy Rating on Tesla (TSLA) after annual meeting

CFRA analyst Garrett Nelson reiterated a Buy rating and $250.00 price target on Tesla (NASDAQ: TSLA).

"We consider comments coming out of TSLA's annual meeting a positive. CEO Elon Musk said it remains on track to achieve first deliveries of the... More

CFRA Reiterates Strong Buy Rating on Tesla (TSLA) Following Comments from Annual Meeting

CFRA analyst Garrett Nelson reiterated a Strong Buy rating and $250.00 price target on Tesla (NASDAQ: TSLA) saying they view comments coming out of TSLA's annual meeting a positive.

The analyst commented, "CEO Elon Musk said it remains on track to achieve first... More

Active options: TSLA AMD NVDA AMZN GOOGL AAPL GOOG MSFT AMC HZNP

Active options: TSLA AMD NVDA AMZN GOOGL AAPL GOOG MSFT AMC HZNP

Tesla (TSLA) May option implied volatility into annual shareholder meeting

Tesla (NASDAQ: TSLA) May call option implied volatility is at 58, June is at 49; compared to its 52-week range of 45 to 96 into annual shareholder meeting.

Elon Musk reverses course and says Tesla will advertise its cars

By Hyunjoo Jin and Sheila Dang

SAN FRANCISCO (Reuters) - Tesla Inc boss Elon Musk, who has never used traditional advertising to sell cars, said on Tuesday that the automaker would try it and see whether it produced results.

Musk said it was "ironic" that as CEO of Tesla, he now owns Twitter. The social media platform is... More

Tesla (TSLA) CEO Elon Musk said the company may try advertising

Tesla (NASDAQ: TSLA) CEO Elon Musk said the company may try advertising.

Gov. Abbott signs annual EV tax bill into law

Texas Governor, Greg Abbot signed Senate Bill 505 into law over the weekend, requiring electric vehicle owners to pay $400 to register a new electric vehicle, on top of other fees. Renewing registration will cost $200.

The purpose of the fee is to guarantee that owners of electric vehicles contribute their fair portion towards highway expenses, typically funded by a 20 cent-per-gallon gas tax paid by owners of gasoline-powered and hybrid vehicles.

The bill passed a vote in the... More

Active options: TSLA AMD NVDA AMZN GOOGL AAPL GOOG MSFT

Active options: TSLA AMD NVDA AMZN GOOGL AAPL GOOG MSFT

Midday movers: Home Depot, Capital One Financial, Tesla and more

Investing.com -- Stocks were mixed at midday Tuesday as investors waited for clarity on the direction of negotiations over raising the debt ceiling, with a June 1 deadline just weeks away. Here are the market movers for May 16.

Tesla (TSLA) Model 3 dominates reliability study, outperforming ICE counterparts

Teslas (NASDAQ: TSLA) participated in a new reliability study by the Allgemeiner Deutscher Automobil-Club (ADAC) in Germany where their electric Model 3 crushed its internal combustion engine (ICE) counterparts.

It should come as no surprise that electric vehicles (EVs) are generally more reliable than their fossil-fuel-powered counterparts, given their remarkable mechanical simplicity. The superiority of EVs in terms of reliability has been... More

NVIDIA (NVDA) option implied volatility as shares trend higher

NVIDIA (NASDAQ: NVDA) 30-day option implied volatility is at 48; compared to its 52-week range of 41 to 81 as shares trend higher.

Tesla (TSLA) May option IV above June into shareholder meeting

Tesla (NASDAQ: TSLA) May call option implied volatility is at 56, June is at 49; compared to its 52-week range of 45 to 96 into annual shareholder meeting.

Home Depot, Wells Fargo, Vodafone fall premarket; Capital One rises

Investing.com -- Stocks in focus in premarket trade on Tuesday, May 16th. Please refresh for updates.

Home Depot (NYSE: HD) stock fell 2.4% after the largest U.S. home... More

Tesla (TSLA) seeks approval to expand Shanghai plant, add pouch battery cell production

Tesla (NASDAQ: TSLA) has applied for and is seeking regulatory approval to expand its Shanghai plant and begin producing for the first time pouch-type battery cells in limited quantity.

According to an undated public notice, the Shanghai Gigafactory could potentially expand its capacity to manufacture 1.75 million powertrain units per year, an increase from its current production capacity of 1.25 million units.

Its unclear from the notice, which was posted... More

Tesla (TSLA) To Meet Indian Officials This Week - Reuters

Tesla (TSLA) To Meet Indian Officials This Week - Reuters

Tesla (TSLA) introduces discounts for business and fleet buyers in Germany

Electric automaker, Tesla (NASDAQ: TSLA) announced Monday that they have implemented additional discounts for business customers in Germany, signaling the companys increasingly aggressive pricing strategy.

According to a company representative, fleet buyers can now take advantage of an extra 2,250 euro ($2,447) discount. This... More

Elon Musk says Tesla not immune to tough economy that he foresees

By Hyunjoo Jin and Akash Sriram

(Reuters) -Tesla Inc CEO Elon Musk warned on Tuesday that the electric-vehicle maker was not immune to the global economy, which he said will be difficult for the next 12 months.

At the company's annual shareholder meeting in Austin, Texas, Musk played down market rumors that he may step down as CEO of Tesla, touched upon two new mass-market models it is developing, and reaffirmed that deliveries of its long-delayed Cybertruck pickup would start this year.

In a sign of tough times even for Tesla, the market leader in electric... More

Tesla applies to expand Shanghai plant, add pouch battery cell output

(Reuters) - Tesla Inc has applied for regulatory clearance to expand its Shanghai plant and to begin producing for the first time pouch-type battery cells, albeit in small numbers.

An undated public notice said the potential expansion would give the Shanghai Gigafactory the capacity to produce 1.75 million powertrain units annually, up from 1.25 million currently.

It was not clear from the notice, posted on the website of the district where the factory is located, whether Tesla is committed to moving ahead with the expansion or is only seeking approval for potential, future capacity.

Tesla did not... More

Tesla (TSLA) option implied volatility into annual shareholder meeting

Tesla (NASDAQ: TSLA) May call option implied volatility is at 54, June is at 49; compared to its 52-week range of 45 to 96 into annual shareholder meeting today.

Elon Musk documents subpoenaed in Jeffrey Epstein lawsuit by US Virgin Islands

By Tom Hals

WILMINGTON, Delaware (Reuters) -The U.S. Virgin Islands has subpoenaed Tesla Inc CEO Elon Musk for documents in its lawsuit accusing JPMorgan Chase & Co of helping enable sexual abuses by late sex offender Jeffrey Epstein.

The subpoena, issued on April 28, came to light on Monday in a request by the Virgin Islands to serve Musk by alternative means because it had been unable to locate and serve him.

The U.S. territory did not seek to question Musk under oath, and its effort to subpoena him does not implicate him in any wrongdoing.

Elon Musk Was Subpoenaed In JPMorgan Epstein Suit By Usvi - Bloomberg

Elon Musk Was Subpoenaed In JPMorgan Epstein Suit By Usvi - Bloomberg

PointState Capital enters Coupang (CPNG), Kinross Gold (KGC), Meta (META), Vertiv (VRT), more - 13F

PointState Capital LP released its 13F for the quarter ended March 31, 2023. Below is a summary:

New Stakes
CENTENE CORPORATION (NYSE: CNC) new 628,604 share position
Coupang (NYSE: CPNG) new 5,017,965 share position
Dow (NYSE: DOW) new 317,263 share position
Equinor ASA (NYSE: EQNR) new 742,244 share position
Evergreen Information Technologies, Inc. (NASDAQ: EVRG) new 14,914 share position
Freeport-McMoran Cp & Gld (NYSE: FCX) new 529,443 share position
INFOSYS LIMITED (NYSE: INFY) (PUT) new 2,000,000 share position
PowerShares... More

Tesla (TSLA) option implied volatility into annual shareholder meeting on May 16

Tesla (NASDAQ: TSLA) May call option implied volatility is at 54, June is at 49; compared to its 52-week range of 45 to 96 into annual shareholder meeting on May 16.

Musk tells Tesla staff he must approve all hiring- memo

(Reuters) - Tesla Inc CEO Elon Musk has said that the company can make no new hires unless he personally approves them, including contractors, according to a copy of the email seen by Reuters.

According to the email, Musk told executives to send him a list of hiring requests... More

Musk Tells Tesla (TSLA) Staff He Must Approve All Hiring - The Information

Musk Tells Tesla (NASDAQ: TSLA) Staff He Must Approve All Hiring - The Information

Musk: Tesla to make significant investments in France at some point

PARIS (Reuters) - US electric car manufacturer Tesla will make significant investments in France, its CEO Elon Musk said in Versailles on Monday, adding that he could not give a timetable.

Asked after a meeting with French President Emmanuel Macron whether Tesla planned to announce investments in France,... More

Tesla (TSLA) faces another lawsuit over impact of software updates on EV batteries

Tesla (NASDAQ: TSLA) is again confronted with a class action lawsuit for limiting the battery capacity inside its vehicles through a software update. A group of U.S. Tesla Model S and Model X owners filed a proposed class-action lawsuit against the electric vehicle manufacturer on Friday claiming the companys automatic software updates allegedly resulted in reduced driving range or even battery... More

Active options: TSLA AMZN GOOGL SOFI AAPL NVDA AMD GOOG PACW

Active options: TSLA AMZN GOOGL SOFI AAPL NVDA AMD GOOG PACW

Tesla (TSLA) option IV into annual shareholder meeting

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 48; compared to its 52-week range of 45 to 96 into annual shareholder meeting on May 16.

Soros exits Tesla (TSLA), reduces Rivian (RIVN) stake after 90% drop from peak

Soros Fund Management, the family office of George Soros, cut its holdings in Rivian Automotive (NASDAQ: RIVN) following the electric automakers 90% share decline from its intraday peak in November 2021. The billionaire also slashed its $16 million stake in Tesla (NASDAQ: TSLA), effectively eliminating their investment in the EV giant.

Soros purchased... More

Tesla's 'Unboxed Process': Revolutionizing auto manufacturing or a risky endeavor?

Tesla (NASDAQ: TSLA) introduced a new vehicle-assembly systemin March, sparking instant buzz and debate among industry specialists on whether the system, known as the "unboxed process," devised by CEO Elon Musk is a radical innovation, a visionary departure from traditional methods, a derivative concept, or a combination.

Musk believes the company needs to radically rethink conventional manufacturing methods in order to produce electric vehicles at larger volumes that are both more affordable and profitable.

Investors have eagerly anticipated the revelation of what many consider to be Tesla's holy grail: an electric... More

Analysis-Tesla’s new car-making process stokes debate among industry experts

By Norihiko Shirouzu, Paul Lienert and Victoria Waldersee

(Reuters) - Tesla Inc's new vehicle-assembly system, which created instant buzz when it was unveiled in March, ignited a debate among auto manufacturing experts on whether CEO Elon Musk's so-called unboxed process is radical, revisionist or derivative - or all of the above.

Musk believes the company needs to radically rethink conventional manufacturing methods in order to build more affordable - and profitable - electric vehicles in higher volumes.

Investors have been waiting for Tesla, the world's most valuable automaker, to announce what is perceived as the company's... More

Active options: TSLA AAPL GOOGL AMZN NVDA AMD MSFT GOOG META

Active options: TSLA AAPL GOOGL AMZN NVDA AMD MSFT GOOG META