Tesla (TSLA) brings back rear-wheel Model Y at discounted price

Hyundai and Kia to adopt Tesla (TSLA) NACS charging connection

Tesla (NASDAQ: TSLA) received news Thursday morning that Hyundai and Kia have decided to embrace the North American Charging Standard (NACS) for their electric vehicles in the United States and Canada.

This move makes them the latest additions to a growing list of companies making the transition, following Honda's decision to adopt NACS in... More

NHTSA holds public hearing to recall 52M air bag inflators

Officials from the U.S. National Highway Traffic Safety Administration (NHTSA) Thursday recommended the government mandate a recall of 52 million air bag inflators manufactured by ARC Automotive and Delphi Automotive.

The regulators believe the inflators pose a potential risk of rupturing and ejecting metal fragments.

The NHTSA held a rare public hearing on the matter, which could trigger one of the most extensive recalls in U.S. history.

Delphi Automotive, which is a part of Autoliv (NYSE: ALV), produced approximately 11 million of these... More

Judge denies re-trial in Tesla (TSLA) racial harassment case

U.S. District Judge William Orrick, on Wednesday ruled against ordering a third trial in a race discrimination lawsuit filed against Tesla (NASDAQ: TSLA).

The decision came in response to allegations made by a former Black factory worker, who claimed that the... More

China criticizes EU following formal launch of EV subsidy probe

China raised concerns on Wednesday about the very limited time it was given by the European Union for talks regarding the EU's investigation into subsidies for electric vehicles.

These comments came as the European Commission officially started looking into whether to impose tariffs to shield EU manufacturers from a flood of cheaper Chinese electric vehicles that are believed to benefit from state subsidies.

The... More

Warren Buffet-backed BYD closing in on Tesla (TSLA) EV sales

Tesla's (NASDAQ: TSLA) underwhelming third-quarter delivery figures have opened a door for its nearest competitor, BYD, the Chinese electric vehicle juggernaut backed by Warren Buffett's Berkshire Hathaway, to potentially claim the top spot in the electric car market rankings.

Last quarter, Tesla managed to sell... More

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Active options: TSLA NVDA AAPL AMZN BA AMD PLTR MARA META INTC

Tesla (TSLA) PT Lowered to $243 at Truist Securities

Truist Securities analyst William Stein lowered the price target on Tesla (NASDAQ: TSLA) to $243.00 (from $254.00) while maintaining a Hold rating.... More

3 analysts discuss Tesla stock and earnings setup after weak Q3 deliveries

Yesterday, Tesla (NASDAQ: TSLA) reported a total Q3 production of 430,488 vehicles and deliveries of 435,059 EV units.

To provide context, during the second quarter, Tesla had reported total deliveries of 466,140 and total vehicle production of 479,700. In the same period in the previous year, Tesla's total vehicle production was 365,923, with deliveries amounting to 343,830.

During the company's previous earnings call in July, CEO Elon Musk had indicated a target of 1.8 million vehicle deliveries for the full year but expected a slight decline in third-quarter production due to factory upgrades following summer shutdowns.

A... More

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Active options: TSLA NVDA AAPL AMZN AMD META MSFT RIVN PLTR

Tesla (TSLA) PT Lowered to $252 at Goldman Sachs

Goldman Sachs analyst Mark Delaney lowered the price target on Tesla (NASDAQ: TSLA) to $252.00 (from $265.00) while maintaining a Neutral rating.... More

S&P 500 slips in volatile trade as surging yields bite

Investing.com -- The S&P 500 fell after swining between gains and losses Monday amid rising Treasury yields as the U.S. averted a government shutdown after agreeing a last-ditch funding measure to keep the government funded.

The S&P 500 fell 0.2%, the Dow Jones Industrial Average slipped 0.3%, 86 points, Nasdaq rose 0.4%.

Treasury yields were pushed higher by growing expectations for another Federal Reserve interest rate hike after the U.S. government averted a shutdown.

The 2-year Treasury yield rose 5.2 points to 5.098%, while the 10-year Treasury... More

Tesla (TSLA) PT Lowered to $310 at CFRA

CFRA analyst Garrett Nelson lowered the price target on Tesla (NASDAQ: TSLA) to $310.00 (from $325.00) while maintaining a Buy rating.

The analyst commented, "We cut our 12-month target by $15 to $310, based on a 2025 P/E of 43x, justified by long-term growth expectations. We lower our... More

Tesla scores Autopilot victory as judge rules owners must use arbitration

By Daniel Wiessner

(Reuters) - In a victory for Tesla, a judge has ruled that a group of vehicle owners must pursue claims that the company misled about its Autopilot features in individual arbitration rather than court.

The ruling means Tesla will not have to face class action claims on behalf of much larger groups of vehicle owners.

U.S. District Judge Haywood Gilliam in Oakland, California, in a decision issued on Saturday said four Tesla owners who filed a proposed class action last year had agreed to arbitrate any legal claims against the company when... More

Rivian delivers softer-than-expected annual deliveries forecast, shares dip

Investing.com -- Rivian (NASDAQ: RIVN) shares fell in early U.S. trading on Monday after the electric vehicle (EV) startup unveiled an annual deliveries guidance that was below analysts' expectations.

The California-based group maintained its annual forecast for 52,000 deliveries, disappointing Bloomberg consensus... More

Time to load up on mega-caps again - Goldman Sachs

Goldman Sachs portfolio strategist Cormac Conners is telling clients that following the recent correction in mega-caps due to the sharp recent increase in Treasury yields it is time to start buying again ahead of upcoming third-quarter earnings results.

Stocks in focus are mega-caps Apple (NASDAQ: AAPL), Microsoft (NASDAQ: MSFT), Amazon (NASDAQ: AMZN),... More

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Active options: TSLA NVDA AAPL AMZN MARA META PLTR RIVN

Tesla (TSLA) stock falls as Q3 deliveries fall short of analyst estimates

Tesla (NASDAQ: TSLA) reported disappointing delivery numbers for the third quarter after upgrades to its factories over the summer, though analysts see things improving for the last three months of the year.

Tesla shares are down 1.1% after the delivery report.

The electric vehicle maker said it delivered 435,059 vehicles in the quarter, while Wall Street analysts were looking for 456,722.

Model S/X... More

Tesla misses delivery estimates as factory upgrades curb production

By Akash Sriram

(Reuters) -Tesla missed market estimates for third-quarter deliveries on Monday as planned upgrades at its factories to roll out a newer version of the Model 3 mass-market sedan forced production halts.

Some analysts believe the upgrades could spark a rebound in deliveries in the fourth quarter by allowing Tesla to refresh its line-up with models that could compete better with offerings from U.S. rivals such as Ford and BYD in China.

Deliveries of the updated and higher-priced Model 3 compact sedan are expected to start in the fourth quarter, while a Cybertruck launch... More

Tesla (TSLA) Deliveries 435,059 in Q3, Est. 456,722

(Updated - October 2, 2023 9:02 AM EDT)

Tesla (NASDAQ: TSLA)... More

Tesla (TSLA) 30-day option implied volatility amid GM, F & STLA headlines

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 55; compared to its 52-week range of 42 to 95.

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Active options: TSLA NVDA AAPL AMZN AMD META PLTR MSFT NKE CCL

Tesla (TSLA) Semi covers over 1,000 miles in a single day

A PepsiCo Tesla Semi successfully travelled over 1,000 miles during a single working day, as documented by the monitoring devices integrated into the vehicle as part of the North American Council for Freight Efficiency (NACFE) Run On Less initiative. A program designed to assess the practical efficiency of zero-emission commercial trucks.

The truck identified as "Tesla 3" recorded a total mileage of 1,076 miles during its journey and completed only one delivery.

As per the... More

Tesla (TSLA) option implied volatility above 50

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 53; compared to its 52-week range of 42 to 96.

U.S. agency files lawsuit against Tesla (TSLA) alleging harassment of black factory workers

A U.S. civil rights agency initiated a lawsuit against Tesla Inc (NASDAQ: TSLA), Thursday, alleging that the electric car manufacturer has allowed persistent harassment against Black workers at its assembly plant in Fremont, California.

The U.S. Equal Employment Opportunity Commission (EEOC) has asserted that, from 2015 to the present, Black employees working at the Tesla plant have been consistently exposed to offensive racial slurs and defacement,... More

Active options: TSLA NVDA AMZN PLTR NKE AMD AAPL MSFT

Active options: TSLA NVDA AMZN PLTR NKE AMD AAPL MSFT

Analysts cut 3Q delivery estimates on Tesla (TSLA)

Shares of Tesla (NASDAQ: TSLA) are up in pre-market trading Friday despite estimates being cut by analysts from three different firms today.

Citi reiterated a Neutral rating and $278 price target on the electric automaker ahead of the companys 3Q delivery report.

Citi analysts cut delivery estimates for the companys 3Q to 450k from 468.5k, leading to a reduced EPS estimate of $0.75 from $0.81. The updated estimates reflect... More

This analyst thinks Tesla stock won't sell off even if Q3 misses

Tesla (NASDAQ: TSLA) is expected to release its Q3 deliveries report in the coming days, and in anticipation of this, analysts are making adjustments to their forecasts.

At Piper Sandler, the initial forecast of over 515,000 units has been revised down to 445,000 units. This... More

Piper Sandler cuts Tesla (TSLA) estimates

Piper Sandler analyst Alexander Potter reiterated an Overweight rating and $300.00 price target on Tesla (NASDAQ: TSLA).

The analyst commented: "Tesla will soon release Q3 delivery data; in preparation for this, we are cutting our Q3 forecast from 515k+ to 445k units.... More

Barclays cuts Tesla (TSLA) estimates

Barclays analyst Dan Levy reiterated an Equalweight rating and $278.00 price target on Tesla (NASDAQ: TSLA).

The analyst commented: "Ahead of Teslas Q3 vehicle delivery release, were updating our model toreflect latest available datapoints. Our Q3 delivery estimate is reduced... More

Tesla's deliveries expected to fall on plant shutdowns, soft demand

By Aditya Soni

(Reuters) - Tesla may miss estimates for third-quarter deliveries due to planned factory shutdowns and soft demand that led the automaker to boost discounts, several Wall Street analysts warned in the run-up to the report that could come as early as Sunday.

Brokerages including Barclays, Baird and Guggenheim blamed the potential weakness on downtime at the automaker's plants in Europe and China to upgrade equipment and prepare for the production of the updated Model 3 sedan and the Cybertruck.

But the retooling could help power a strong fourth quarter by allowing Tesla to refresh... More

Tesla (TSLA) 30-day option implied volatility flat

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 54; compared to its 52-week range of 42 to 95.