Lowe's, Airbnb, Oracle rise premarket; Charter Communications fall

Deutsche Bank warns of downside risk on Tesla (TSLA)

Deutsche Bank hosted investor meetings with Tesla as part of the IAA Cars Conf. In the very near term, we came away with the sense there could be downside risk to investors expectations for volume and margin in Q3, reflecting planned summer production shutdowns which will push both production and deliveries down QoQ, discounts on inventories, and limited positive costs offsets... More

Tesla (TSLA) China celebrates 2M vehicle production milestone

On Wednesday, Tesla's China branch made an announcement about a significant achievement at their Shanghai facility. Through their social media channels, the company shared that Giga Shanghai has reached the remarkable milestone of manufacturing its two millionth vehicle in less than four years since the plant commenced its... More

German Chancellor reveals plans for EV expansion law at IAA Munich

German Chancellor, Olaf Scholz took a tour of this years IAA car show in Munich on Tuesday where he revealed a groundbreaking initiative to expand the electric vehicle industry in his country.

In his address, he praised the German car industry's dedication to electrification while expressing his disapproval of ongoing protests. Scholz announced a new law, expected in the coming weeks, designed to significantly increase the number of electric vehicle charging stations across the country.

Under... More

Tesla (TSLA) sues Chinese tech firm in IP dispute

Chinese national security newspaper, The Shanghai Securities Journal, reports Tuesday that American electric automaker, Tesla (NASDAQ: TSLA) has filed a lawsuit against Chinese chip designer, Bingling Intelligent Technology, over tech secret infringement and unfair competition disputes.

Tesla alleges that Bingling violated its intellectual property rights, particularly in... More

Lowe's (LOW) raised at Bernstein as analyst bullish on long-term drivers of home improvement spending

Bernstein analyst Dean Rosenblum upgraded Lowe's Cos. (NYSE: LOW) to Outperform from Market Perform in a note on Tuesday, raising the price target for the stock to $282 from $252 per share.

The analyst stated in his note that the firm now sees a confluence... More

ESPN should be valued at $30bn says KeyBanc analyst

Walt Disney's (NYSE: DIS) ESPN should be valued at $30 billion, according to KeyBanc Capital Markets analyst Brandon Nispel.

The analyst told investors in a note on Tuesday that the firm remains Sector Weight on Disney shares and sees a neutral risk/reward for... More

Renault CEO says Ampere IPO value could reach $10 Billion

According to CEO Luca de Meol, Renault's Ampere electric vehicle division, set to go public through an initial public offering (IPO), might attain a valuation of around 10 billion euros ($10.8 billion).

During an interview with the Financial Times at the Munich IAA car show on Monday, De Meo suggested that Ampere's market worth could range... More