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Amazon.com Inc-backed electric vehicle startup Rivian Automotive plans to build a second U.S. assembly plant that will also include battery cell production, according to four people familiar with the matter.

Looking today at week-over-week shares outstanding changes among the universe of ETFs covered at ETF Channel, one standout is the iShares MSCI USA Momentum Factor ETF (Symbol: MTUM) where we have detected an approximate $391.1 million dollar inflow -- that's a 2.6% increase wee

Electric carmaker Faraday Future on Thursday officially begins life as a publicly traded stock after shareholders of the blank-check money it merged with approved the deal, and the chief executive has a product roadmap that includes a South Korean manufacturing partner.

Cathie Wood has long been bullish on Tesla (NASDAQ: TSLA). In fact, she made a name for her asset management firm (ARK Invest) in 2019 when she put a $4,000 price target on the stock. Since then, shares have undergone a 5-for-1 split, meaning that her original share price target

Tesla (TSLA) has inked a nickel-supply agreement with mining magnate BHP Group, according to a Bloomberg report. As per the deal, BHP’s Western Australian operations, Nickel West, will supply nickel to Tesla. The automaker will work closely with BHP to stabilize and improve the battery supply chain.

Nickel, a crucial building block for lithium-ion batteries, is inching towards a supply crunch as the auto industry races towards electric vehicle (EV) manufacturing. The metal is preferred over cobalt as it enhances the power of batteries at a lower cost.

The CEO of Tesla, Elon Musk, had earlier expressed that inefficiencies in sustainable sourcing of Nickel were jeopardizing the future of nickel supply.

The deal is expected to safeguard the company from nickel supply shortages. Interestingly, Tesla has already partnered with miners like Glencore to secure its supply of commodities required for the production of EV batteries. (See Tesla stock chart on TipRanks)

Two days ago, Morgan Stanley analyst Adam Jonas reiterated a Buy rating on the stock with a price target of $900 (37.3% upside potential).

Jonas expects the value of Tesla’s recurring software revenue to increase in the future, and surpass the value of its hardware business. He anticipates the company to attract the coverage of tech/platform analysts with the possible deployment of more services. Jonas also believes this transition may lead to re-rating of the shares over time.

Consensus among analysts is a Hold based on 10 Buys, 6 Holds and 7 Sells. The average Tesla price target of $658.27 implies 0.5% upside potential.

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Stock Market Futures Inches Higher With Investors Hoping To Extend A 2-Day RallyIt’s been a strong recovery for the stock market this week. It appears that solid corporate earnings are inoculating investors against the virus resurgence, at least for now. Recall that the Dow

Nothing can go up parabolically without eventually coming back down for a breather, even Tesla, Inc. (TSLA). After a triumphant 2020, the electric vehicle (EV) manufacturer’s stock has gone through a period of consolidation since the beginning of 2021. 

However, the tides could be turning once again for this clean energy and auto company with a massively loyal customer base and strong brand awareness. Tesla is expected to release earnings results after market hours on Monday, July 26.  

Delineating his hypothesis on the matter is Daniel Ives of Wedbush Securities, who wrote that the stock has consolidated over the last six months partly due to more competitive entries into the EV market, headwinds from Chinese regulators, and of course, the semiconductor chip shortage affecting supply chains across much of the technological world.  

Ives reiterated a Buy rating on the stock, with a price target of $1,000. This target suggests a possible 12-month upside of 52.6%.  

The five-star analyst based his bullish opinion on the possible accelerations in Chinese deliveries in the back half of 2021 and 2022, which could eventually represent about 40% of Tesla’s total sales. Ives added that Tesla hit an “impressive” mark of over 200,000 deliveries over the past quarter. (See Tesla stock chart on TipRanks)

Other concerns to look out for include “the Bitcoin potential impairment charge, EV tax credit ebbs and flows, factory capacity buildout and timing of Berlin and Austin, Model Y sales, and any update on much anticipated battery technology improvements into 2022,” noted Ives.  

Tesla is currently the clear market leader in EVs, and has more products nearing the end of the pipeline, such as its highly anticipated Cybertruck.  

In his projections, Ives calculated that EVs currently represent about 3% of the global auto industry. He expects the number to increase to 10% by 2025, and the market to be worth about $5 trillion by 2031. According to Ives, Tesla is poised to play a major role in that space. 

On TipRanks, TSLA has an analyst rating consensus of Hold, based on 10 Buy, 6 Hold, and 7 Sell ratings. The average Tesla price target is $658.27, which implies that shares are almost fully valued at current levels. 

Disclaimer: The opinions expressed in this article are solely those of the featured analyst. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment. 

A new flight of large-scale climate projects requiring financial backing of about $1 trillion a year will be needed to meet the Biden administration's carbon goals, a U.S. Energy Department official said in a presentation on Thursday.

Australian shares recouped on Thursday all losses incurred at the start of the week, as a rally in lithium miners and other commodity stocks helped the benchmark post its best session in a month.

The safe-harbour U.S. dollar and yen were on the back foot on Thursday, after pulling back from multi-month highs amid a recovery in risk appetite as strong earnings lifted Wall Street stocks.

Australian shares climbed around 1% on Thursday, with BHP Group leading the charge among mining stocks after the global miner signed a nickel supply deal with U.S. electric carmaker Tesla.

The safe-harbour U.S. dollar and yen remained on the back foot on Thursday, after pulling back from multi-month highs amid a recovery in risk appetite as strong earnings lifted Wall Street stocks.

Global miner BHP Group said on Thursday it has signed a nickel supply agreement with Tesla Inc and will work with the electric-car maker on lowering carbon emissions in the battery supply chain.

Global miner BHP Group said on Thursday it has signed a nickel supply agreement with electric-car maker Tesla Inc.

What happened Cryptocurrencies and related assets were doing a fine job getting over the hump of Hump Day. As of mid-afternoon Wednesday, many of the leading cryptos were trading higher; some were even up by double-digit percentages -- take a bow, Dogecoin (CRYPTO: DOGE), with yo

Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments, Chief Executive Officer Elon Musk said at a conference on Wednesday.

Electric-car maker Tesla Inc will most likely restart accepting bitcoin as payments, Chief Executive Officer Elon Musk said at a conference on Wednesday.

Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Tesla Inc (Symbol: TSLA), where a total of 831,936 contracts have traded so far, representing approximately 83.2 million underlying shares. That amounts to about 363.9%

China's top electric vehicle (EV) battery maker CATL said on Wednesday it had sued smaller rival China Lithium Battery Technology Co (CALB) for alleged intellectual property violations.