Tesla (TSLA) to resume factory talks and plans for $24k car with India commerce minister

Tesla (TSLA) EVs deemed security threat, barred from China's University Games

July 26, 2023 2:23 PM EDT

Chinas Summer World University Games are set to begin on August 8th. However, as important Chinese figures such as President Xi Jinping are set to attend, Tesla vehicles are being turned away.

According to several reports, Tesla vehicles are barred from the event as a security measure. Officials are being told by authorities in Chengdu to block Tesla vehicles in... More

Tesla (TSLA) recalls 1,337 vehicles for misaligned cameras

July 26, 2023 1:35 PM EDT

Tesla (NASDAQ: TSLA) has launched a recall for 1,337 2023 Model S, Model X, and Model Y vehicles due to a possible misalignment in the pitch angle of the vehicles' front-facing cameras. The specifics of this recall were outlined in a Safety Recall Report issued by the National Highway Traffic Safety Administration (NHTSA).

According to the Safety Recall... More

Tesla (TSLA) margins hurt the EV maker says Stellantis (STLA) CEO: 'They are entering my world, the world of tight pricing'

July 26, 2023 1:20 PM EDT

Stellantis (NYSE: STLA) CEO, Carlos Tavares spoke during the automakers 2Q earnings call, saying the profitability of rival automaker, Tesla (NASDAQ: TSLA) is declining as the EV giant enters the world of manufacturing and competition.

"They are entering my world, the world of tight pricing, cost competitiveness,... More

Major automakers unite to form new EV charging company in the US

July 26, 2023 11:30 AM EDT

A group of major automakers, including General Motors (NYSE: GM), Stellantis (NYSE: STLA), Hyundai and its Kia affiliate, Honda (NYSE: HMC), BMW and Mercedes Benz, announced Wednesday that they are forming a new company to provide electric vehicle charging in the United States.

The new charging company... More

Tesla (TSLA) offers 7-year vehicle loans to cut monthly payments

July 24, 2023 2:54 PM EDT

Tesla (NASDAQ: TSLA) opened new financing options on their website and is now offering EV customers 84-month term limits in an attempt to lower monthly costs amidst rising interest rates and market pressure. The previous maximum term offered was 72-months.

The change follows Elon Musk's... More

Tesla (TSLA) to discuss factory plan for new $24,000 car with India commerce minister - Reuters

July 24, 2023 8:30 AM EDT

Tesla (NASDAQ: TSLA) to discuss factory plan for new $24,000 car with India commerce minister - Reuters

Tesla has expressed an interest in building a factory in India that would produce low-cost electric vehicles (EVs) for the local market and for export, the... More

Mattel, AMC Entertainment, Chevron rise premarket; Tesla, Domino's fall

July 24, 2023 8:06 AM EDT

Investing.com -- U.S. futures traded higher Monday, starting a crucial week, which includes more corporate earnings and a Federal Reserve meeting, on a positive note.

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

Mattel (NASDAQ: MAT) stock rose 1.5% after... More

Dow Jones, Nasdaq, S&P 500 weekly preview: All eyes on Microsoft

July 24, 2023 7:46 AM EDT

S&P 500 (SPX) gained 0.7% last week although the bulls werent able to secure a strong weekly close after printing a fresh 15-month-high. Still, the last week marked the eighth green weekly candle for the S&P 500 in the last 10 weeks as the generative AI frenzy keeps fueling the equities bull run.

Nasdaq (IXIC) lost 0.6% despite a strong rally in the opening days of the last week, ultimately resulting in a shooting star candle which is a bearish near-term signal for tech-heavy IXIC. A short-term pullback could push the index to revisit important support around 13200, suggesting a pullback of... More

NVIDIA (NVDA) stock could hit $769 on ~$300 billion AI opportunity by 2027 - Mizuho

July 24, 2023 5:20 AM EDT

Mizuho analysts led by Vijay Rakesh conducted a deep-dive analysis of the broader server landscape and broader AI outlook amid expectations that GenAI (generative AI) will continue to drive demand.

Rakesh sees a significant opportunity for GPU supplier NVDA with the TAM (total addressable market) expanding 10 times over the next 5 years to... More

Active options: TSLA NVDA AAPL AMZN AMD META AMC RIVN

July 24, 2023 4:52 AM EDT

Active options: TSLA NVDA AAPL AMZN AMD META AMC RIVN

... More

Tesla (TSLA) stock dips as UBS cuts rating to Neutral on rich valuation

July 24, 2023 4:50 AM EDT

UBS analyst Patrick Hummel downgraded Tesla (NASDAQ: TSLA) shares to Neutral from Buy with the price target of $270 per share (up from the prior $220).

Tesla shares are down 1.7% in pre-market Monday.

The analyst sees Tesla shares as fully priced at these levels,... More

UBS Downgrades Tesla (TSLA) to Neutral, 'Strong execution fully priced'

July 24, 2023 4:16 AM EDT

(Updated - July 24, 2023 4:49 AM EDT)

UBS analyst Patrick Hummel downgraded Tesla (NASDAQ: TSLA) from Buy to Neutral with a price target of $270.00 (from $220.00).

The analyst comments "We downgrade to Neutral because we think the recent strong share performance fully reflects... More

US appeals court to reconsider decision on Elon Musk tweet about unions

July 21, 2023 3:55 PM EDT

By Jonathan Stempel

(Reuters) - A federal appeals court on Friday said it will reconsider its recent decision that Tesla Chief Executive Elon Musk violated federal labor law by tweeting that employees would lose stock options if they joined a union.

The 5th U.S. Circuit Court of Appeals in New Orleans granted Tesla's request to revisit the case "en banc," meaning that its 16 active judges will take part.

A three-judge panel of the same court had in March upheld a... More

Active options: TSLA NVDA AAPL AMZN AMD META AMC RIVN

July 21, 2023 2:33 PM EDT

Active options: TSLA NVDA AAPL AMZN AMD META AMC RIVN

... More

Tesla (TSLA) begins sales of EVs in Malaysia

July 21, 2023 1:42 PM EDT

Tesla (NASDAQ: TSLA) officially launch sales of their electric vehicles in Malaysia this week, marking another milestone in the automaker's ongoing efforts to broaden its global presence.

Over the years, the EV giant has dedicated itself to expanding its sales to new markets,... More

Active options: TSLA AMZN AAPL NVDA RIVN AMD META MSFT

July 21, 2023 10:00 AM EDT

Active options: TSLA AMZN AAPL NVDA RIVN AMD META MSFT

... More

U.S. stock futures point higher, FTX sues Bankman-Fried - what's moving markets

July 21, 2023 5:51 AM EDT

Investing.com -- U.S. stock futures edge up ahead of the final trading day of the week, with investors looking ahead to major tech earnings and a key Federal Reserve interest decision next week. Elsewhere, FTX sues founder Sam Bankman-Fried and U.S. regulators withdraw a case before an in-house judge that was aiming to block the $69 billion merger between Microsoft and Activision Blizzard.

1. U.S. stock futures inch higher

U.S. stock futures pointed up Friday after earnings from Tesla (NASDAQ: TSLA) and Netflix... More

Tesla (TSLA) in 'early discussions with a major OEM' to license full self-driving software

July 20, 2023 3:00 PM EDT

Electric vehicle giant, Tesla (NASDAQ: TSLA) held their 2Q earnings call on Wednesday where CEO Elon Musk spoke about the direction of the company, and confirmed that the Electric automaker is in early discussions to license its Full Self-Driving software to a major automaker.

Were not... More

Tesla (TSLA) recalls 15K Model S and X EVs for seatbelt issues

July 20, 2023 1:28 PM EDT

Over 15,000 Model S sedans and Model X SUVs from the 2021 through 2023 model years are being recalled by Tesla (NASDAQ: TSLA) due to a potential issue with their front seat belts, which may lead to detachment. This poses a significant safety concern as occupants could be exposed to an increased risk of injury in the event of a crash.

The National Highway Traffic Safety... More

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

July 20, 2023 12:55 PM EDT

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

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U.S. stocks are mixed after Tesla, Netflix earnings

July 20, 2023 10:05 AM EDT

Investing.com -- U.S. stocks were mixed on Thursday after earnings reports from Netflix and Tesla.

At 9:42 ET (13:42 GMT), the Dow Jones Industrial Average rose 149 points or 0.4%, while the S&P 500 was down less than 0.1% and the NASDAQ Composite was down 0.4%.

Tesla beat profit expectations; Netflix subscribers jump

Tesla Inc (NASDAQ: TSLA) shares fell more than 4% after it beat quarterly profit expectations but said its... More

Musk talks price cuts, FSD and robotaxis on Tesla (TSLA) earnings call

July 20, 2023 9:39 AM EDT

Tesla (NASDAQ: TSLA) held its Q2 earnings call after market closed Wednesday. According to the release, the electric vehicle makers profits grew 20% in the quarter to $0.91 per share, coming in ahead of the streets estimate of $0.79. Revenue for the quarter increased 47% to $24.93 billion, versus the consensus estimate of $24.29 billion.

Tesla CEO Elon Musk joined the call to announce the companys record vehicle production and deliveries and record revenue during Q2. These results come after the companys Model Y became the best-selling vehicle of any kind globally in Q1,... More

5 Wall Street analysts debate Tesla's (TSLA) Q2 earnings

July 20, 2023 9:15 AM EDT

Tesla (NASDAQ: TSLA) shares traded more than 4% lower in the aftermath of the companys second-quarter earnings report that was released yesterday.

Tesla said it generated revenue of $24.93 billion, up from the $23.33 reported for Q1. The company earned 91 cents per share, ahead of the expected 82 cents.

Speaking on the companys earnings call, CEO Elon Musk said We continue to target 1.8 million vehicle deliveries this year, but expect Q3 production will be a little bit down because weve got summer shutdowns for a lot of factory upgrades.

Investor and analyst... More

JPMorgan Stays Underweight on Tesla (TSLA), PT $120, 'lowering our earnings estimates for Tesla shares today and suspect the Street will as well'

July 20, 2023 8:16 AM EDT

JPMorgan analyst Ryan Brinkman reiterated an Underweight rating and $120.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "We are lowering our earnings estimates for Tesla shares todayand suspect the Street will as wellafter the companys fourth straight operating profit miss vs. Bloomberg consensus, brought about again by the continued trading of profits for sales. Automotive adjusted gross margin excluding the sale of regulatory credits remains at the front and center of investor attention after this key performance metric shocked investors last quarter by plummeting -1,100 bps y/y from a then... More

Tesla (TSLA) to expand German EV plant near Berlin, aims for Europe’s largest vehicle factory

July 20, 2023 8:07 AM EDT

Tesla (NASDAQ: TSLA) aims to boost the production capacity of its assembly plant located outside Berlin to an impressive one million electric vehicles annually. This strategic move positions the company to become the largest car plant in Europe, coinciding with a period in which German automakers are facing challenges in keeping up with the transition to electric vehicles.

On Wednesday, thousands of pages of Tesla's expansion plans were made public, and if these plans receive approval from local officials, the production output of the plant will surpass that of Volkswagen's... More

Netflix, Tesla, IBM fall premarket; Johnson&Johnson, DR Horton rise

July 20, 2023 8:06 AM EDT

Investing.com -- U.S. futures traded in a mixed fashion Thursday, as investors digested a deluge of corporate earnings, with the tech sector in particular focus.

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

Netflix (NASDAQ: NFLX) stock fell 6.4% after the streaming giants quarterly revenue and forecast fell short of estimates, even after it reported nearly 6 million subscriber... More

Tesla (TSLA) PT Raised to $254 at Truist Securities

July 20, 2023 7:14 AM EDT

Truist Securities analyst William Stein raised the price target on Tesla (NASDAQ: TSLA) to $254.00 (from $240.00) while maintaining a Hold rating.... More

Tesla (TSLA) PT Raised to $330 at Mizuho Securities

July 20, 2023 6:40 AM EDT

Mizuho Securities analyst Vijay Rakesh raised the price target on Tesla (NASDAQ: TSLA) to $330.00 (from $300.00) while maintaining a Buy rating.... More

Tesla (TSLA) PT Raised to $300 at Deutsche Bank, 'we remain bullish'

July 20, 2023 6:20 AM EDT

(Updated - July 20, 2023 6:21 AM EDT)

Deutsche Bank analyst Emmanuel Rosner raised the price target on Tesla (NASDAQ: TSLA) to $300.00 (from $270.00) while maintaining a Buy rating.

The analyst comments "...we remain bullish on the opportunity presented with the introduction... More

Tesla, Netflix earnings; Apple reportedly tests AI tools - what's moving markets

July 20, 2023 6:04 AM EDT

Investing.com -- Tesla (NASDAQ: TSLA) and Netflix (NASDAQ: NFLX) shares fall, weighing on the Nasdaq, following the latest earnings from the big-name tech brands. Meanwhile, the parade of quarterly results in the U.S. marches on, and Apple (NASDAQ: AAPL) reportedly becomes the latest contender in the race to develop generative artificial intelligence (AI) technology.

1. Tesla margins fall; Netflix revenue disappoints

Shares in Tesla and Netflix both dropped in premarket trading as investors digested mixed second-quarter results from... More

Tesla, Netflix earnings; Apple reportedly tests AI tools - what's moving markets

July 20, 2023 6:04 AM EDT

Investing.com -- Tesla (NASDAQ: TSLA) and Netflix (NASDAQ: NFLX) shares fall, weighing on the Nasdaq, following the latest earnings from the big-name tech brands. Meanwhile, the parade of quarterly results in the U.S. marches on, and Apple (NASDAQ: AAPL) reportedly becomes the latest contender in the race to develop generative artificial intelligence (AI) technology.

1. Tesla margins fall; Netflix revenue disappoints

Shares in Tesla and Netflix both dropped in premarket trading as investors digested mixed... More

Marketmind: Tesla, Netflix underwhelm

July 20, 2023 6:02 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

An overdue cold shower?

July 20 (Reuters) - The first of the supercharged Big Tech firms to report in this earnings season - Tesla and Netflix - seemed to underwhelm markets overnight, cutting across the enthusiastic reception for big banks and knocking back bulled-up Wall St from 2023 highs.

The price bar for the mega-cap indices that have near doubled this year may be sky high and a perhaps some rotation is overdue.

But an impressive run for the S&P500... More

Musk Says xAI Will Enhance The Value Of Tesla

July 20, 2023 6:00 AM EDT

Musk Says xAI Will Enhance The Value Of Tesla

... More

European stocks mixed; corporate earnings in focus

July 20, 2023 5:13 AM EDT

Investing.com - European stock markets traded in a mixed fashion Thursday, as investors digested more corporate earnings with the tech sector particularly fragile following weak cues from Wall Street.

At 03:40 ET (07:40 GMT), the DAX index in Germany traded 0.1% lower, while the FTSE 100 in the U.K. gained 0.5% and the CAC 40 in France rose 0.1%.

Earnings season starts to ramp up

The quarterly earnings season is starting to ramp up in Europe.

Nokia (HE:... More

Tesla investors balk at margin loss as Musk touts self-driving future

July 20, 2023 4:43 AM EDT

By Akash Sriram and Aditya Soni

(Reuters) -Elon Musk's bet to sacrifice margins now for improved margins later when full self-driving software is completely integrated into Tesla cars failed to impress investors, sending the electric-vehicle maker's shares down nearly 10% on Thursday.

Musk, who has waged a price war against EV rivals since last year, signaled price cuts were here to stay even as Tesla's quarterly automotive gross margins slid.

The fall in share price wiped nearly $90 billion from Tesla's market value, and along with a fall in Netflix's stock, dragged down the tech-heavy Nasdaq. Tesla shares... More

Active options: TSLA AAPL MSFT NVDA AMZN AMD GOOGL

July 20, 2023 4:39 AM EDT

Active options: TSLA AAPL MSFT NVDA AMZN AMD GOOGL

... More

Tesla wants to double the size of its European assembly plant- NYT

July 20, 2023 12:14 AM EDT

(Reuters) - Tesla Inc wants to double the production capacity of its assembly plant outside Berlin to one million electric vehicles a year, in a move that would make it Europe's largest car factory, the New York Times reported on Thursday.

(Reporting by Juby Babu in Bengaluru;... More