Latest news with #Semi
Yahoo
7 days ago
- Automotive
- Yahoo
Tesla makes long-awaited announcement about new vehicle that has fans talking: 'Wish this was happening several years ago'
A recent update from electric vehicle giant Tesla has provided a launch window for its long-awaited semi truck. A post on the social platform X was shared to the r/teslamotors subreddit with the headline, "Tesla Manufacturing: RT @tesla_semi: Semi Factory progress update." The first Tesla Semis from the new facility are due to be rolling off production lines this year, according to engineer Dan Priestley. The Semi factory is still under construction in Nevada, but walls, pillars, and the ceiling are all up. While they are preparing the facility for high-volume production, it will take time to ramp up to the ultimate goal of 50,000 Semis a year. The Tesla Semi was announced eight years ago, and a few have been on the road since then in pilot program capacities. Priestley says these use cases show that "electric trucking is ready for scale." Early adopters have voiced glowing reviews. Medium- and heavy-duty trucks are the source of 23% of U.S. transportation pollution, according to the EPA, so electrified alternatives are welcome. The sooner industry can disconnect from dirty energy sources like gas, oil, and coal, the more quickly it can mitigate extreme weather patterns, warming oceans, and loss of sea ice. Best of all, EVs are much cheaper to operate. Tesla estimates Semi owners can save $200,000 in fuel costs over three years of operation. Despite the potential good Tesla stands to do both in commercial and residential transportation, CEO Elon Musk has recently been a challenge to the brand's image as a result of polarizing political activity that has appeared to shrink the company's market of eager customers. Some Tesla owners have taken to disguising their vehicles for fear of vandalism. Some Tesla charging stations have been severely damaged. Sales have been dropping precipitously. The benefits of EVs apply equally to consumers, regardless of the brand they buy from. If you've already made the switch to an EV, adding solar panels to your home can help you save even more. By driving with homegrown electricity, you avoid pollution created from a dirty grid, save money on monthly utility bills, and build up resilience in the face of outages. EnergySage has a free tool that can help EV owners find vetted local solar installers. Those technicians can provide a free quote and save homeowners up to $10,000 in installation costs. Reddit commenters had tempered expectations for the Tesla Semi rollout. "Awesome. Wish this was happening several years ago, but better late than never. (The Tesla way.)," one community member said. What do you think of Tesla and Elon Musk? Elon is the man Love the company; hate the CEO I'm not a fan of either I don't have an opinion Click your choice to see results and speak your mind. "I think there is also not a rush on these because they need the new charging infrastructure for these," another said. "They would also be battery limited at 50k semis right now, so I think they're ok with taking another 2-3 years to get to 50k/year." Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
Yahoo
21-05-2025
- Automotive
- Yahoo
Tesla Shares Are on a Hot Streak — What's Driving the Surge?
Tesla shareholders are probably used to a bumpy ride from their investments, considering how many extreme highs and lows the company's stock price has witnessed this decade alone. Lately, the news has been good, as Tesla shares have rebounded in a big way over the last five weeks. Read Next: Try This: The EV maker's stock closed at $342.82 per share on Thursday, May 15. That represents a 57% gain from its 2025 low of $218.80 set on April 8, though it's still well down from a high of $429.80 established in mid-January. The recent surge comes despite Tesla's weaker-than-expected first-quarter earnings report, when the company saw declines in both profits and auto revenue. It also follows CEO Elon Musk's controversial foray into government oversight work. Here are four reasons Tesla's stock has been on a rebound of late. Musk has taken a lot of heat in his role as head of the Department of Government Efficiency (DOGE), an organization President Donald Trump created to slash federal government spending. Tesla itself became the target of mass protests, while many of its vehicles and dealerships worldwide were vandalized. Shareholders and analysts urged Musk to step away from DOGE and focus on repairing Tesla's brand and operations. As Bloomberg reported last month, one of those analysts — Dan Ives of Wedbush Securities — wrote in a note to clients that Musk needed to 'leave the government … and get back to being CEO of Tesla full-time.' Musk has since announced plans to step back from DOGE and put more time into Tesla, which has given the stock a lift. For You: Musk might not have earned much love in his DOGE role, but there's no question that investors and analysts consider him a key to Tesla's future success. Keeping him engaged — and well compensated — is a high priority. Rumors that Musk could be getting a new pay package at Tesla was enough to give the company's stock a recent boost, Barron's reported. Another reason for Tesla's recent stock surge has to do with its Model Y robotaxi program, Investor's Business Daily reported. The company said it's on schedule for a June 2025 rollout in Austin, Texas, and expects there to be 10-20 robotaxis on day one of the launch. 'The advancement in [full self-driving]-related features, including a pilot robotaxi launch in Austin later this year, should help create a new era of demand,' said CFO Vaibhav Taneja on the company's first-quarter conference call. Tesla shares also got a lift from a recent agreement between the U.S. and China to declare a truce over escalating tariffs between the two countries. After the deal was reached, Tesla announced plans to start shipping parts from China to the U.S. for use in the production of Cybercab and Semi trucks, Reuters reported. Tesla had earlier suspended plans to ship the components after Trump raised tariffs on Chinese goods to 145%. Editor's note on political coverage: GOBankingRates is nonpartisan and strives to cover all aspects of the economy objectively and present balanced reports on politically focused finance stories. You can find more coverage of this topic on More From GOBankingRates Surprising Items People Are Stocking Up On Before Tariff Pains Hit: Is It Smart? The Most Expensive Disney Merchandise Ever Sold -- and Who's Buying It 6 Big Shakeups Coming to Social Security in 2025 Sources Yahoo Finance, Tesla Bloomberg, 'Tesla Slides as Analyst Warns of 'Code Red' Ahead of Earnings.' Barron's, 'Tesla Stock Rose. Why the Shares Are on a Great Run.' Investor's Business Daily, 'Tesla Stock Flashes Buy Signal With This Move Ahead Of Robotaxi Launch.' Reuters, 'Exclusive: Tesla to resume shipping Chinese parts for Cybercab, Semi production in the US, source says.' This article originally appeared on Tesla Shares Are on a Hot Streak — What's Driving the Surge? Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20-05-2025
- Automotive
- Yahoo
Charged: Tesla to restart shipping Chinese parts for U.S. production
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. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter From the hotly-debated high-flier Tesla (TSLA), Wall Street's newest darling Rivian (RIVN), traditional-stalwarts turned EV-upstarts GM (GM) and Ford (F) to the numerous SPAC-deal makers that have come public in this red-hot space, The Fly has you covered with 'Charged,' a weekly recap of the top stories and expert calls in the sector. CHINESE PARTS: Tesla plans to resume shipping components from China to the U.S. for the production of Cybercab and Semi trucks at the end of May after the U.S. and China reached a truce over tariffs, Reuters' reports, citing a person with direct knowledge of the matter. Tesla previously suspended plans to ship the components after U.S. President Donald Trump raised tariffs on Chinese goods to 145%, potentially disrupting Tesla's plan to start mass production of the much-anticipated models. NEW PAY DEAL FOR MUSK: Tesla's board has formed a special committee to explore CEO Elon Musk's pay which could lead to Musk being offered a new package of stock options as it seeks to resolve uncertainty over his future, The Financial Times' Stephen Morris and Tabby Kinder report. The committee comprises chair Robyn Denholm and Kathleen Wilson-Thompson, according to several people familiar with the matter. The committee will also explore alternative ways to compensate Musk for past work should Tesla fail to reinstate his record 2018 pay deal via an appeal at the Delaware Supreme Court this year, the report says. WORSE BEFORE BETTER: Morgan Stanley says investors 'struggle to justify the value of Tesla as much as ever before' nearly 15 years after the company went public, adding that the firm expects this 'valuation 'problem' gets worse before it gets better.' Most investors value Tesla's core auto business at between $50 and $100 per share, then 'they put their pens down,' but stopping there is 'akin to valuing Amazon (AMZN) as solely an online retailer or Apple (AAPL) as a seller of glowing rectangles and earbuds,' the firm argues. By the mid-2030s, Morgan Stanley forecasts Tesla's installed base to approach 50M units and estimates that each $100/month of ARPU generated by this installed base for autonomy, charging, connectivity, upgrades, content, used sales, parts/service, and licensing is worth $80 to $100 per share. The energy storage business is Tesla's 'fastest growing and highest margin hardware business at present,' adds that firm, which values Tesla Energy at $67 per share. While Morgan Stanley says it currently does not include a valuation for Tesla Optimus in either its base or bull case, it estimates that every 1% substitution by humanoid of human labor is worth greater than $300B, or around $100 per Tesla share. The firm has an Overweight rating and $410 price target on Tesla, adding that 'the majority of the company's current $1.1tn market cap is based on businesses that have either poor disclosure, no disclosure, or that have yet to be launched into the commercial market at all.' BULLISH ON TESLA: Cantor Fitzgerald says the firm remains 'bullish' on Tesla ahead of several material near-term potential catalysts, telling investors that the firm is encouraged by management's reaffirmation of the launch of the Robotaxi in Texas in June and the introduction of a lower-priced vehicle in the first half of 2025, which could be timely given the likely negative impact to vehicle prices due to tariff implementation and the likely removal of the tax credit. Cantor, which has an Overweight rating and $355 price target on the shares, is 'encouraged' by Musk's commentary that his 'time at DOGE will be significantly reduced' starting this month. The firm believes Tesla is better positioned to mitigate the impact from tariffs. CHINA SALES: Sales of new Tesla vehicles in China dropped 58% from the previous week and 69% year-over-year during the week of May 5 to 11, the lowest level since January, EV's Claudio Afonso reports. According to insurance registration data shared on Chinese social media on Tuesday, Tesla sold 3,070 vehicles last week, including 1,300 units of the refreshed Model Y and 1,800 Model 3s. Click here to check out Tesla's recent Media Buzz Sentiment as measured by TipRanks. MOVING TO RIVIAN SIDELINES: Jefferies downgraded Rivian to Hold from Buy with an unchanged $16 price target. The company's Q1 results were helped by the new accounting of previously received funds, but the management also demonstrated further progress in driving down R1 variable unit costs, the firm tells investors in a research note. Jefferies remains positive on Rivian's investment story but also cautious on the downbeat demand outlook this year as it waits for updates on R2 progress. HOUSE BILL: JPMorgan says the House Ways and Means Committee has released details for its portion of the budget reconciliation bill, including updates for the Inflation Reduction Act. The text aligns with, or exceeds, the more bullish end of investor expectations for providers solar, wind, storage, and geothermal, the firm tells investors in a research note. JPMorgan says point out the Production Tax Credit and Investment Tax Credit were truncated from existing definitions, though credits are unchanged through 2028 and then gradually phase down until 2032, and include foreign entity of concern language for the first time one year following passage of the bill. Limitations on products from prohibited foreign-influenced entities is a 'significant positive' for First Solar (FSLR) given 60% of estimated earnings over the next two years are generated by 45x credits, contends the firm. It also believes the proposal is a positive for Array Technologies (ARRY), Nextracker (NXT), Enphase Energy (ENPH), and SolarEdge (SEDG). JPMorgan also highlights the 45u nuclear credit phase down in the bill, which it views as a modest negative for GE Vernova's (GEV) small modular reactor business. BUY FIRST SOLAR: Wolfe Research upgraded First Solar to Outperform from Peer Perform with a $221 price target. The firm cites better clarity on 45X credits for the first time since election year politics started in early 2024 for the upgrade. While the proposed rules shorten the 45X runway by a year, First Solar stands to earn $10B from 45X, or $92 per share, the firm tells investors in a research note. Wolfe believes the company's 'domestic moat remains well intact' as the only domestic solar module manufacturer of scale. It points out First Solar doesn't rely on foreign components such as cells or wafers. The House Ways & Means bill's proposed Foreign Entity of Concern restrictions are relatively strict and another good signal that it will be tough for Chinese manufacturers to compete in the U.S., further strengthening First Solar' competitive positioning, Wolfe adds. SELL ENPHASE: BMO Capital downgraded Enphase Energy to Underperform from Market Perform with a price target of $39, down from $46, following the release of the House Ways and Means Committee tax plan. The plan, if adopted, will eliminate the Section 25D Residential Clean Energy Credit for homeowners who take loans or pay cash for their residential solar and battery systems at the end of 2025 and the firm believes elimination of the 25D credit impacts Enphase 'disproportionately,' the analyst tells investors. This would shrink the overall demand for U.S. residential solar in 2026, further contributing to Enphase's loss of market share, BMO argues. Barclays also double downgraded Enphase Energy to Underweight from Overweight with a price target of $40, down from $51. The firm says the possible repeal of Section 25D 'has flown under the radar and is now taking a bite out of ENPH.' Section 25D enables individual homeowners to claim the 30% tax credit for solar energy and storage installations, Barclays tells investors in a research note. The firm says that as Enphase has been dominant in the non-third-party ownership market and its market share is on the weaker side in the TPO market, the elimination of this tax credit negatively impacts the company's outlook. The residential solar market will likely evolve into over 90% third-party ownership starting next year if Section 25D is repealed, predicts Barclays. It estimates Sunrun (RUN) is the largest third-party owner, followed by Sunnova Energy (NOVA). BEARISH ON SOLAREDGE: Northland downgraded SolarEdge to Underperform from Market Perform with an unchanged price target of $15.50. Shares are 'up a lot' since April 25 with the company in the midst of a turnaround in a difficult macro environment with uncertainty in U.S. tax policy as well as tariff uncertainty, notes the firm. While tariff risk is diminished, it has 'not gone way,' adds the Northland, which lowered its rating due to valuation. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on TSLA: Disclaimer & DisclosureReport an Issue Tesla's Future Beyond Automotives: Energy Storage and Robotics Drive Buy Rating Tesla valuation 'problem' likely gets worse before better, says Morgan Stanley Notable open interest changes for May 19th Cantor Fitzgerald 'bullish' on Tesla ahead of near-term catalysts VOO ETF News, 5/19/2025 Sign in to access your portfolio
Yahoo
15-05-2025
- Automotive
- Yahoo
Telsa rival Daimler Truck wants to know if Elon Musk's Semi EV can actually live up to the hype: ‘We'd love to get our hands on one'
The first Semis are scheduled for manufacturing in Tesla's Nevada factory at the end of this year, after eight years of development and validation. Rival Daimler Truck is waiting to see how the eHGV compares with its critically acclaimed Mercedes-Benz eActros 600. As Tesla inches closer to the start of volume production for its Semi early next year, industry leader Daimler Truck is keen to see whether the model can live up to its hype. First revealed in 2017, the electric heavy goods vehicle (eHGV) came with such demanding specifications at the time that Bill Gates himself doubted back in 2020 that they were even feasible. When it finally hits the market, the Semi will be the model with the longest development and validation time in Tesla's range, after Musk missed his original 2019 launch date. But recently, Tesla has been offering a glimpse into its Nevada factory, indicating confidence that it can move from field testing into what it calls 'first truck builds' by the end of this year. 'We'd love to get our hands on a Tesla Semi, and really test it,' Daimler Truck finance chief Eva Scherer told reporters on Wednesday. 'We haven't been able to, it cannot be ordered yet.' Tesla has enjoyed a first-mover advantage in the EV space for most of its existence. But legacy truck companies, particularly in Europe, have already been quietly selling EVs for several years now. Daimler isn't the only manufacturer with a headstart on Tesla, either. Swedish rival Volvo Trucks said last month that it has already sold over 5,000 zero-emission electric vehicles. But Tesla aims to surpass these volumes, with a Nevada factory designed to manufacture a peak output of 50,000 Semis annually. Depending on whether customers order a standard or long-range version, these vehicles will be capable of driving between 300 and 500 miles, or roughly 500 to 800 kilometers. While Musk plans to use the first Semis built internally before rolling them out to North American customers, project lead Dan Priestley has said a European launch will follow soon thereafter. Due to recent regulatory changes, the Semi will be street legal in Europe and compatible with local trailers, where it will compete with the Mercedes eActros 600 for demand. So, once the Semi launches next year, expect Daimler to stress-test Tesla's claims, such as a 1,700-kilometer drive completed in 24 hours. 'We keep hearing that it's supposed to be next year,' Scherer said. 'And yes, once it's there, we're interested to have a look.' Notably, her company—the largest manufacturer of HGVs in the world with brands like Freightliner—had cast considerable doubt on Musk's ambitious plans just last year. Daimler Truck is also waiting with a competitor of its own. In September, the group won the International Truck of the Year award with its Mercedes-Benz eActros 600, the German brand's first model designed specifically for long-distance hauling, with a range of 500 kilometers (311 miles). Early this year, Daimler Truck followed that up with the largest order for EV trucks Amazon has ever placed, with a commitment to purchase more than 200 units of the eActros 600 (the number designates its battery capacity in kilowatt-hours) over the course of this year. Since diesels have long been considered the most economical option for long-haul freight transport, eHGVs have mainly earned a spot in last-mile transport. In that segment, the expensive batteries can be smaller but still sufficient in size to last the full day before recharging at the end, once they return to the depot. When Musk took the stage in 2017, he claimed the Semi would be so good at long-haul transport that it would be 'economic suicide' for logistics firms to choose anything else. Even in what Musk claimed was a worst-case scenario, a diesel truck would still be 20% more expensive to operate per mile than his Semi. 'This beats rail,' the entrepreneur said, should they operate in convoy. This story was originally featured on Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
CNBC
14-05-2025
- Business
- CNBC
Buy this ‘second-best' AI play amid its recent rally, Nations Indexes' Scott Nations says
Investors should consider getting bullish on Advanced Micro Devices following a slew of positive headlines surrounding the name, according to Scott Nations, president of Nations Indexes. Nations joined CNBC's " Power Lunch " on Wednesday to discuss this and two more of the trading day's biggest stock stories, and whether investors should take up or sell shares of those names. Advanced Micro Devices The artificial intelligence chip company gained more than 4% on Wednesday after it said its board of directors approved $6 billion in share buybacks . AMD 1D mountain AMD, 1-day Nations deemed AMD as a "buy," pointing out that President Donald Trump is planning to revoke U.S. chip export restrictions , which "is going to be good for the whole space." He also called AMD the "second-best play" as the company, as well as Nvidia, scored deals this week with Saudi company Humain to help expand its AI infrastructure. "If you want to be in the AI space, you get to buy this name at a 35% discount to its 52-week high," Nations said. Shares of AMD are up nearly 25% over the past month, but still off more than 2% in 2025. AbbVie Shares of biotech company AbbVie pulled back more than 5% in Wednesday's session. ABBV 1D mountain ABBV, 1-day On Wednesday, Citi downgraded the stock to neutral from buy and trimmed its price target by $5 to $205 a share, which implies more than 15% upside. Analyst Geoff Meacham thinks the company's constant "beat and raise" trend with its quarterly results could suggest a lightness in its late-stage product development pipeline when compared to its peers. "While current fundamentals are solid, we suspect that the share impact from quarterly surprises could diminish going forward, especially as investors increasingly shift more focus to the pipeline," Meacham wrote in a note to clients. Nations does not concur with that stance, however, saying the downgrade is "really goofy" and still regards AbbVie as a "buy." "The pipeline is critical for any pharma company, but this company beats on earnings expectations consistently, it raises dividends, has [a] nice dividend yield [at] 3.5%," he continued. "It's in a good space." Over the past three months, the stock has slid 8%. Tesla Tesla was up 4% Wednesday after Reuters, which cited a person with direct knowledge of the matter, reported that the electric vehicle maker will begin shipping components for its Cybercab and Semi trucks from China to the U.S. at the end of the month. That follows the U.S. and China earlier this week agreeing to temporarily cut tariffs on each other's goods for 90 days. The agreement came as the automaker has seen a decline in its China sales while facing increasing competition from local automakers in that country. "I think Tesla right now is a hold," Nations also said. "It's good that they're going to resume importing parts from China, but remember, there's still a pretty big, hefty tariff in place for Chinese imports. The potential exists that in about 85 days, that tariff is going to increase, maybe as much as triple." TSLA 1D mountain TSLA, 1-day While shares have soared nearly 26% over the past week, they are still negative this year, declining about 14% during the period.
