Pioneer, Disney, Virgin Galactic rise premarket; Exxon, Philips fall

Tesla (TSLA) denies claims of health and safety risks at German plant

Tesla (NASDAQ: TSLA) on Tuesday firmly denied allegations made by a German union and recent media reports suggesting inadequate health and safety measures at its gigafactory near Berlin.

The company emphasized that safeguarding the well-being of its workers remains a... More

General Motors (GM) reaches tentative agreement with Canadian union to end strike

General Motors (NYSE: GM) and the Canadian labor union Unifor have reached a preliminary agreement on Tuesday, just hours after union employees initiated a strike at three GM facilities.

The union revealed that this preliminary agreement aligns with the prior agreement Unifor had established with Ford Motor (NYSE:... More

When will the 'iPhone moment' take place for battery tech?

Over the past 30 years, the world has witnessed significant progress in battery technology. Battery energy density has surged from 50Wh/kg to 350Wh/kg, marking an increase of 10Wh/kg per year.

This trajectory suggests that we are on the verge of a groundbreaking shift, with the potential to soon double current energy density levels to 700-800Wh/kg.

The most prominent hurdle facing battery progress is a lithium supply shortage, aggravated by a fivefold increase in demand projected by 2030. To counter this challenge, researchers are exploring alternative technologies, such as sodium-ion (Na-ion) batteries. While these... More

Jefferies cuts price target on Tesla (TSLA) as margin erosion casts doubts

Jefferies reiterated a Hold rating on Tesla (NASDAQ: TSLA) and cut their 12-month price target on the stock after the electric automaker posted a decline in quarterly production and deliveries.

The decline in production was expected, as the company had closed several facilities to accommodate updates for the automakers Model 3 refresh.

However, the increased margin erosion in Q3 and the uncertain growth prospects for... More

An increasing number of German Tesla (TSLA) workers join union

Reuters reports Monday that Tesla (NASDAQ: TSLA) employees at the Brandenburg factory are increasingly becoming members of the IG Metall union due to growing apprehensions regarding health, safety, and excessive work demands.

Union representatives met with workers at various locations including the factory entrances, nearby train platforms, and within the factory itself on Monday. They distributed stickers that said "Together for safe and fair... More

Wells Fargo cuts price target on Tesla (TSLA) ahead of 3Q earnings report

Wells Fargo reiterated an Equal Weight rating on Tesla, Inc. (NASDAQ: TSLA) and cut their 12-month price target on the stock to $260.00 (From $265.00) ahead of the electric automakers 3Q report scheduled for October 18th.

The company announced third-quarter deliveries of 435,000 vehicles, which fell approximately 20,000 units short of the consensus estimate. Management attributed this shortfall to plant downtime during the Model 3... More

UAW President Fain holds Facebook live event - 'Our strike is working, but were not there yet'

United Auto Workers (UAW) President Shawn Fain held a Facebook live event Friday afternoon where he announced his union has made significant progress in their effort to push automakers towards meeting the demands of workers.

Fain announced that moments before this broadcast General Motors (NYSE: GM) agreed to place their EV battery manufacturing under the UAWs national agreement, calling the decision a... More

U.S. releases new guidance on EV tax credit rebate rules

The U.S. Treasury Department has issued fresh guidelines on Friday, outlining updated regulations that make it simpler for individuals to recover costs associated with electric vehicle purchases using the existing EV tax incentives.

Beginning on January 1, consumers will have the option to transfer these credits directly to a car dealership, effectively reducing the purchase price for the vehicle. This change is expected to potentially boost EV... More

Morgan Stanley suggests keeping an eye on these top auto tech stocks

The automotive industry is undergoing a transformative shift towards the Software-Defined Vehicle (SDV) era, where vehicles are becoming more reliant on sophisticated software systems. This paradigm shift, fueled by an anticipated additional $15 billion semiconductor investment over the next 5-6 years, has captured the attention of investors and industry insiders alike.

SDVs represent a monumental departure from traditional automotive design. These vehicles leverage advanced software to automate an expanding array of services and applications within the vehicle, creating a high-tech marvel on wheels.

Tesla (NASDAQ: TSLA) is undeniably the trailblazer of... More

GM airbag recall could cost ~$4-5B - Wells Fargo

Wells Fargo reiterated an Underweight rating on General Motors (NYSE: GM) and maintained their 12-month price target of $29.00 on the stock following a report by the Wall Street Journal saying U.S. regulators are pushing to recall 52M ARC airbag inflators.

The National Highway Traffic Safety Administration (NHTSA), in a rarely held public forum, recommended the recall as a mechanism utilized in the... More