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Stock Market & Financial Investment News

News Breaks
July 10, 2014
06:34 EDTKNDI, TSLA, VLKAYChina exempts new energy cars from sales tax, Xinhua reports
China announced yesterday that new energy cars would be exempt from a 10% sales tax starting in September, according to Xinhua. The tax will not have to be paid by buyers of qualified pure electric cars, plug-in hybrid electric cars and fuel cell cars from September 1, 2014 until the end of 2017, the news service quoted the Chinese government as saying. Tesla (TSLA), Volkswagen (VLKAY), and Kandi Technologies (KNDI) are among the companies that are poised to benefit from the decision. Reference Link
News For TSLA;VLKAY;KNDI From The Last 14 Days
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April 20, 2015
08:04 EDTTSLATesla CEO held talks to sell company to Google in 2013, Bloomberg reports
Bloomberg cites a new book due out May 19, entitled "Elon Musk: Tesla, SpaceX, and the Quest for a Fantastic Future."
07:40 EDTTSLATesla March May volatility elevated into Q1 and outlook
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06:50 EDTTSLATesla price target slashed to $165 at JPMorgan
After lowering its earnings estimates to reflect adverse currency moves, higher operating costs and slower than earlier expected Model X ramp, JPMorgan cut its price target for Tesla shares to $165 from $175. The stock closed Friday up 9c to $206.79. The firm dropped its Q1 earnings estimate to (38c) from (31c) despite the increase in Q1 deliveries preannounced by the electric car maker. JPMorgan keeps an Underweight rating on Tesla, the firm's equivalent to a sell. It maintains Overweight ratings on Ford (F) and General Motors (GM) with price targets of $19 and $46, respectively, ahead of the Q1 reporting season.
06:36 EDTVLKAYVolkswagen chairman severely weakened after confrontation, Reuters says
Volkswagen Chairman Ferdinand Piech had a "full-blown confrontation" with the other five members of the company's board over whether to retain the company's CEO, Martin Winterkorn, whose performance the chairman had criticized over the previous five months, according to Reuters. Piech backed down and agreed to back Winterkorn, but his efforts to oust the CEO has produced resentment against the chairman and severely weakened Piech's influence over the company, the news service stated. Reference Link
April 19, 2015
18:45 EDTVLKAYVolkswagen plans to develop budget SUVs for China, Reuters says
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13:06 EDTVLKAYVolkswagen shareholders look to calm leadership turmoil, WSJ says
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April 17, 2015
16:11 EDTTSLAOptions Update; April 17, 2015
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09:36 EDTTSLAActive equity options trading on open
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06:53 EDTVLKAYVolkswagen CEO to stay in position despite fallout with chairman, Reuters says
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April 16, 2015
06:33 EDTTSLAToyota engineer says charging electric cars quickly impractical, Reuters says
Charging electric vehicles quickly would place too much pressure on the electricity grid, Yoshikazu Tanaka, chief engineer of Toyota's hydrogen fuel-cell car Mirai, said, according to Reuters. If a car received enough electricity in 12 minutes to travel 310 miles, it would probably consume enough electricity to power 1,000 houses, the news service quoted Tanaka as saying. Prominent makers of electric cars include Tesla (TSLA), Nissan (NSANY), and GM (GM).Reference Link
06:02 EDTVLKAYVolkswagen's supervisory board to meet to resolve leadership dispute, WSJ says
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April 15, 2015
09:55 EDTTSLABofA/Merrill U.S. autos analysts hold an analyst/industry conference call
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09:35 EDTTSLAActive equity options trading on open
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April 14, 2015
09:35 EDTTSLAActive equity options trading on open
Active equity options trading on open according to Track Data: AAPL AMZN PBR SU NFLX ALU BIDU TSLA JNJ GE
08:40 EDTTSLASeveral signs suggest Apple may build a car, says Bernstein
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April 13, 2015
16:01 EDTTSLAOptions Update; April 13, 2015
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09:34 EDTTSLAActive equity options trading on open
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09:16 EDTKNDIKandi up 6% after announcing plans to explore public listing in China for JV
09:16 EDTKNDIKandi Technologies joint venture to explore public listing in China
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April 12, 2015
19:15 EDTVLKAYVolkswagen chairman has 'distanced' himself from CEO, Reuters says
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