Uber NYSE:UBER was flat in premarket as Jefferies reiterated a Buy rating and $110 price target, implying 48% upside from yesterday's close of $74.26. The firm said Q2 guidance implies continued 20%-plus bookings growth in constant currency alongside approximately 60 basis points of sequential impr…
California Governor Gavin Newsom signed legislation Monday creating a $3,500 rebate for first-time EV buyers, funded by a $270 million program split between the state budget and automakers. The rebate applies to new vehicles with a suggested retail price of up to $50,000 and includes a separate $1…
Shares of Tesla, Inc. (TSLA) rose 0.2% in overnight trading late Monday as Jefferies raised its price target and said that a potential SpaceX merger could leave room for a shareholder premium.TSLA stock fell 3% on Monday, snapping two straight sessions of gains.Jefferies Lifts TSLA Outlook Ahead Of…
Catalysts: The Spark that Unleashes Large Stock AdvancesStocks don’t move because they are “cheap” or they have done well in the past. Instead, stocks move on new information and expectations about the future, prompting Wall Street investors to reassess their value. The most common catalysts come i…
California Governor Gavin Newsom signed legislation Monday California Governor Gavin Newsom signed legislation Monday creating a $3,500 rebate for first-time EV buyers, funded by a $270 million program split between the state budget and automakers. The rebate applies to new vehicles with a suggeste…
Tesla CEO Elon Musk has reportedly directed staff at the electric vehicle company to shift toward using Grok, the AI model from his artificial intelligence company xAI.Musk told staff to adopt Grok 4.5 wherever possible, citing its significantly lower token costs compared to competing models, The I…
New Street Research analyst Pierre Ferragu on Friday said Tesla Inc.’s (TSLA) Full Self-Driving (FSD) business may be approaching an “inflection point,” arguing that investors continue to underestimate the technology’s value.In a post on X, Ferragu likened Tesla’s FSD opportunity to Apple Inc.’s (A…
Shares of Tesla, Inc. (TSLA) slipped 0.3% overnight heading into Friday after Citizens initiated coverage with a cautious view, warning that Optimus and Robotaxi may take longer to contribute to revenue than Wall Street expects.TSLA stock rallied 3% on Thursday, putting shares on pace for a second…
Tesla NASDAQ:TSLA CEO Elon Musk won court approval for a $1.5 million SEC settlement over his delayed disclosure of Twitter stock purchases, though the judge openly questioned the deal.The SEC accused Musk of waiting too long to disclose his initial Twitter share purchases in 2022, a delay regulato…
The S&P 500 and Dow ended lower on Wednesday as oil prices jumped after geopolitical risks resurfaced following U.S. President Trump's comments that the ceasefire with Iran may be over following fresh attacks on shipments in the Strait of Hormuz.The S&P 500 ended 0.3% lower, while the Nasdaq 100 ro…
Tesla’s head of AI, Ashok Elluswamy, has confirmed the company is working on voice-based improvements to its Full Self-Driving (FSD) driver assistance software following a detailed user suggestion.On Tuesday, X user Chris proposed making FSD more practical in residential neighborhoods. He suggested…
Tesla NASDAQ:TSLA CEO Elon Musk's legal fight with OpenAI and Sam Altman is moving toward mediation after a federal judge appointed a mediator to help resolve the dispute.Bloomberg reported that U.S. District Judge Yvonne Gonzalez Rogers appointed senior federal judge R. David Proctor to seek a jus…
China's passenger-car market appears to be facing renewed pressure, with retail sales falling 23.2% from a year earlier to 1.6 million units in June, according to China's Passenger Car Association. New-energy vehicles, including plug-in hybrids and pure-electric vehicles, also declined 9% year-over…
JPMorgan analyst Rajat Gupta said speculation about a potential merger between Tesla and SpaceX may be underestimating obstacles that could block a deal, according to Jiemian News. Gupta said a combination could allow CEO Elon Musk to align the two companies’ vision, mission and engineering leaders…
Tesla (TSLA, Financials) the electric vehicle maker also developing autonomous driving, energy storage and software services, has started Robotaxi service in Miami, expanding its ride-hailing effort beyond Austin, Texas.The service began Sunday and is limited to parts of western and central Miami…
Futures tied to the tech-heavy Nasdaq dropped on Tuesday on declines in chip stocks over concerns about the sustainability of the AI-driven rally despite strong results from Samsung, while SpaceX shares dipped ahead of their Nasdaq-100 debut.Elon Musk's SpaceX NASDAQ:SPCX was set to begin trading a…
By Heekyong YangSouth Korean battery maker LG Energy Solution KRX:373220 said on Tuesday it expects April-June operating profit to fall 77% to 113 billion won ($73.91 million), as sluggish electric vehicle (EV) demand continued to weigh on battery sales.That compared with an LSEG SmartEstimate fore…
What Happened? Shares of electric vehicle pioneer Tesla NASDAQ:TSLA jumped 6.2% in the afternoon session after the company expanded its Robotaxi service to Miami, building on positive momentum from its recent stronger-than-expected second-quarter delivery report.The Miami launch marks another step…
Lucid Group, Inc. LCID and Rivian Automotive, Inc. RIVN, two U.S.-based EV companies, have released their production and delivery results for the second quarter of 2026.Lucid manufactured 4,774 vehicles during the second quarter, up from 3,863 produced in the same period last year and delivered 3,9…
By Al RootTesla shares rose Monday after the company said its robo-taxi business was operating in another city.Shares of the electric-vehicle maker rose 1.5% to $399.51, while S&P 500 and Dow Jones Industrial Average futures were up 0.5% and 0.1%, respectively.The move came after Tesla announced ro…
