Charged: Apple, Hyundai-Kia Said To Be Close To 'Apple Car' Deal

Tesla is recalling 134,951 2012-2018 Tesla Model S and 2016-2018 Model X vehicles with a center display equipped with an Nvidia (NVDA) Tegra 3 processor, the National Highway Traffic Safety Administration reported on its website earlier this week. "When the 8GB eMMC NAND flash memory device for the center display reaches lifetime wear, the eMMC controller will no longer be able to maintain the integrity of the filesystem, causing a failure in some of the center display functions," the agency said. Tesla will notify owners, and will replace the VCM daughterboard with one containing an enhanced eMMC controller, free of charge, it added. The recall is expected to begin March 30, 2021.

NIKOLA NEGATIVE CATALYSTS MOSTLY PLAYED OUT

Wedbush analyst Daniel Ives upgraded Nikola (NKLA) to Neutral from Underperform with a price target of $25, up from $15. While some clear hurdles remain for Nikola to achieve its hydrogen and semi-truck vision over the next year, most of the negative catalysts have now played out, Ives told investors in a research note. The analyst's main concerns on Nikola were centered on the shifting General Motors (GM) partnership, Badger "hype" and execution risks. Ives sees a more balanced risk/reward looking forward, and believes Nikola's electric vehicle and hydrogen fuel cell ambitions are attainable in the semi-truck market. Further, the Biden administration and Democratic Senate's green initiatives "will be massive" around electric vehicle and hydrogen over the coming years and could significantly accelerate Nikola's build out ambitions, the analyst said.

ON THE SIDELINES ON LI

Deutsche Bank analyst Edison Yu initiated coverage of Li Auto (LI) with a Hold rating and $35 price target. Li has proven itself to be a "focused and efficient operator" as demonstrated by its margin and cash flow performance and "strong" sales, Yu tol investors in a research note. The analyst, however, started coverage on the sidelines to await more clarity on its battery electric vehicle and autonomous driving roadmap. Li Auto currently only sells a hybrid SUV and is an "early laggard" in advanced drive-assist display capabilities, Yu added. He believes management understands this and is likely accelerating internal developmental efforts on these fronts. Yu also thinks Li can get to 250,000 unit sales by 2025, including two battery electric vehicle models, with gross margin fluctuating in the low-mid 20% range through 2025.

DELIVERIES

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William K. 3 months ago Member's comment

Thanks for the detailed reporting. But to throw some water on the fire, the computer driven cars will be a non-starter for two reasons: First, the improvement in safety is non-existent for most people, since most people never are involved in an accident, and if they don't hate to drive there is no other reason to pay so much extra for a very expensive add-on. And the bigger reason is that computer driven cars will never have adequately good software, because the cost of a proper evaluation is far to great.

And the really big challenge for electric vehicles will happen as the number grows and it becomes clear that there is not enough power to charge them all. THAT is the fatal flaw in the concept that is very seldom mentioned, since it is a serious show-stopper.