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Fly News Breaks for March 5, 2020
GM, TSLA
Mar 5, 2020 | 07:44 EDT
Wedbush analyst Daniel Ives notes that General Motors (GM) held its EV day in Detroit, with the company highlighting its plans to transform the industry looking ahead despite its tepid EV success to date. The analyst believes the event was a clear shot across the bow against Tesla (TSLA), which continues to lead the EV landscape by a clear margin. With battery technology the linchpin, GM says its battery technology will allow electric cars to travel 400 miles on a single charge without compromising driving performance which would exceed Teslas projected range of 322 miles for its Model 3, Ives notes, adding that GM touted its proprietary Ultium battery-cell technology, which can be stacked inside the battery pack either horizontally or vertically. He views that as one of the highlights of the event as this will be a focus when Tesla holds its Battery Day over the coming months to compare and contrast with the GM battery unveiling. Ives has a Neutral rating and a $710 price target on Tesla's shares.
News For TSLA;GM From the Last 2 Days
TSLA
Mar 18, 2024 | 16:23 EDT
Get caught up quickly on the top news and calls moving stocks with these five Top Five lists.  1... To see the rest of the story go to thefly.com. See Story Here
TSLA
Mar 18, 2024 | 12:01 EDT
Rivian Automotive (RIVN) said its owners now have access to the Tesla (TSLA) Supercharger network and will start receiving NACS DC adapters in April. "This spring, Rivian owners will be able to use an adapter to access over 15,000 compatible Tesla Superchargers across North America. This is in addition to the 16,000 existing fast chargers they already have access to through other public charging networks. Because we handle our charging hardware and software in-house, we can seamlessly integrate most fast chargers - including the Supercharger network - into our charging ecosystem...Access to the Supercharger network will require an adapter at first, which we will begin shipping to all Rivian owners this spring for free. The North American Charging Standard (NACS) connector used on Superchargers is becoming widely adopted across the industry, so starting in 2025 our vehicles will ship with new, fully integrated NACS hardware," the company said on its website. Reference Link
GM, TSLA
Mar 18, 2024 | 10:38 EDT
Institutional investors and professional traders rely on The Fly to keep up-to-the-second on breaking news in the electric vehicle and clean energy space, as well as which stocks in these sectors that the best analysts on Wall Street are saying to buy and sell. From the hotly-debated... To see the rest of the story go to thefly.com. See Story Here
TSLA
Mar 18, 2024 | 09:22 EDT
Tesla CEO Elon Musk told former CNN anchor Don Lemon that his prescribed use of ketamine is in the best interest of investors and alleviates periods of low moods, Bloomberg's Daniel Zuidijk reports, citing an interview streamed on YouTube. Musk said he takes the drug as prescribed periodically to treat what he described as "chemical tides" that lead to depression-like symptoms. "From an investor standpoint, if there is something I'm taking, we should keep taking it," he said referring to Tesla's success. The Wall Street Journal previously reported that Tesla and SpaceX executives had grown concerned about Musk's recreational drug use. Reference Link
TSLA
Mar 18, 2024 | 08:55 EDT
Friday's total option volume of 50.3 million contracts resulted in net open interest growth of 6.25 million calls and 5.00 million puts. Tesla (TSLA), Apple (AAPL), NVIDIA (NVDA) and Palantir Technologies (PLTR) saw the greatest growth. Top five new positions opened include 50k Apple (AAPL) Aug-24 195 calls, 49k Pfizer (PFE) 3/22 weekly 27 calls, 37k Tesla (TSLA) 3/22 weekly 170 calls, 30k Alphabet Class A (GOOGL) 3/22 weekly 147 calls and 24k Petrobras (PBR) Apr-24 14 puts.
TSLA
Mar 18, 2024 | 08:15 EDT
Evercore ISI analyst Chris McNally notes that Tesla Model Y price hikes have been communicated as $1,000 in the U.S. and EUR 2,000 in the EU to come on April 1 and March 22, respectively, which comes after Tesla ended a temporary U.S. discount for the month of February. The moves are likely a marketing push to sell production and inventory into quarter-end as Q1 deliveries appear weak, says the firm, which estimates Q1 EPS has risk to about 50c. The firm, which thinks it "may also be logical to ponder whether constant price changes (primarily communicated over X) is confusing or even negative for brand sentiment," has an In Line rating and $175 price target on Tesla shares.
TSLA
Mar 17, 2024 | 06:57 EDT
Tesla said on Saturday it would increase the price for its Model Y electric vehicles in a number of European countries on March 22 by approximately EUR 2,000 or the equivalent in local currencies, Reuters reports. The move followed the automaker's announcement on Friday that it would increase prices for all Model Y cars in the U.S. by $1,000 on April 1. Reference Link