U.S. Senators Call for Investigation of Tesla’s (TSLA) Advertising Practices

Tesla (TSLA) Quietly Increases Deposit Prices During AI Day

August 20, 2021 11:39 AM EDT

Teslas (NASDAQ: TSLA) CEO, Elon Musk, presented at yesterdays 2021 AI day event. One of the highlights of his presentation involved the companys announcement that it will begin working on humanoid robots for labor purposes. However, while the tech world was focused... More

Xpeng (XPEV) Signs Expansion Agreement to Double Manufacturing Capacity

August 18, 2021 5:21 PM EDT

Xpeng (NYSE: XPEV) announced today that it has signed an agreement with the Zhaoqing Municipal Government and the Zhaoqing High Technology Industry Development Zone to build the Phase Two expansion project of the XPeng Zhaoqing Smart EV Manufacturing Base located in Guangdong Province.... More

Tesla (TSLA) Extends Gain, Up 4%

August 18, 2021 10:54 AM EDT

Tesla (NASDAQ: TSLA) Extends Gain, Up 4%

... More

SimplyEV Announces Kimoa Acquired by Parent Company

August 18, 2021 10:42 AM EDT

SimplyEV announced today that their parent company has acquired Kimoa, a sports-inspired eyewear and apparel brand created by two-time Formula 1 champion, Fernando Alonso. Alonso will retain 25 percent interest in Kimoa and will continue to serve as the global ambassador.

Were thrilled to be joining forces with an international superstar in Fernando Alonso and his Kimoa brand... More

Tesla (TSLA) Trades at High, Up 2.6%

August 18, 2021 9:55 AM EDT

Tesla (NASDAQ: TSLA) Trades at High, Up 2.6%

... More

Tesla (TSLA): Recent Sales and Shipping Data Not Encouraging - GLJ

August 18, 2021 8:34 AM EDT

GLJs Gordon Johnson has weighed in on Tesla (NASDAQ: TSLA) to discuss recent sales and shipping data.

Johnson, a Tesla bear, notes that the expected surge in TSLAs NO+NL+SP car sales has NOT happened yet, with Q3 sales in NO+NL+SP through Aug 17 down 58.6% compared to a year-ago period.

By way of background, NO+NL+SP are the... More

Nio (NIO) and Tesla (TSLA) Supplier Bosch China Cuts Off Chip Deliveries

August 18, 2021 7:25 AM EDT

David Xu, the vice president of Bosch China, released on Tuesday that its semiconductor factory in Muar, Malaysia, was shut down by the government due to pandemic restrictions. The factory is specialized in producing ESP/IPB, VCU, TCU chips.

In China, Bosch supplies chips and car parts to car... More

Sens. Blumenthal, Markey Urge FTC to Probe Tesla (TSLA) - DJ, Citing Letter

August 18, 2021 6:18 AM EDT

Sens. Blumenthal, Markey Urge FTC to Probe Tesla (NASDAQ: TSLA) - DJ, Citing Letter

Ask FTC to Look Into Whether There Were Deceptive Marketing Practices Around Tesla Autopilot, Full Self-Driving Feature
... More

U.S. senators urge FTC to probe Tesla over self-driving claims

August 18, 2021 6:02 AM EDT

By Hyunjoo Jin and David Shepardson

SAN FRANCISCO/WASHINGTON (Reuters) -Two U.S. senators on Wednesday pressed the Federal Trade Commission (FTC) to probe Tesla, saying the company has misled consumers and endangered the public by marketing its driving automation systems as fully self-driving.

"Tesla and (CEO) Mr. (Elon) Musks repeated overstatements of their vehicles capabilities ... put Tesla drivers and all of the traveling public at risk of serious injury or death," Senate Democrats Richard Blumenthal and Edward Markey said in a letter to FTC Chair Lina Khan.

"Tesla drivers listen to these claims... More

Tesla’s (TSLA) Giga Shanghai Location Confirms Localization Rate; Pushes Closer to $25k Model

August 17, 2021 2:43 PM EDT

Rumors that Teslas (NASDAQ: TSLA) Gigafactory in Shanghai is nearly at full localization were confirmed Monday by the Lingang New Area Party undersecretary, who noted that the facilitys localization rate should reach 90% by the end of 2021. The Shanghai factory is now the companys... More

Elon Musk's $2B SolarCity Trial Nears End

August 17, 2021 11:54 AM EDT

A two-week trial surrounding Tesla (NASDAQ: TSLA) CEO, Elon Musks role in the purchase of SolarCity is nearing its conclusion, with the final witness being questioned Yesterday. Musk is being sued by shareholders who believe the CEO used his influence in the deal to personally enrich himself at the expense of Tesla.

Tesla director Antonio Gracias, the last witness, was questioned by... More

'Still Too Much to Believe': Bernstein Reiterates ‘Underperform’ on Tesla (TSLA), Says Stock Too Expensive

August 17, 2021 8:39 AM EDT

Bernstein analyst Tony Sacconaghi reiterated an Underperform rating on Tesla (NASDAQ: TSLA) with a price target of $300.00 per share (from $180.00).

Sacconaghi argues Tesla is not valued as a car company as the current price implies a valuation of 50x traditional automotive companies. Despite Teslas uniqueness, the stock looks expensive relative to high growth tech given its margin profile, the analyst says in a client note.

While calling Tesla's stock direction near-term is a fool's game, we do believe that over the long term, valuation matters, and that risk/reward at current levels is not... More

Tesla (TSLA) PT Raised to $300 at Bernstein

August 17, 2021 8:15 AM EDT

Bernstein analyst Toni Sacconaghi raised the price target on Tesla (NASDAQ: TSLA) to $300.00 (from $180.00) while maintaining a Underperform rating.... More

Tesla (TSLA) AI Day: Goldman Sachs Says Musk and Co Could Discuss AI Neural Net, FSD, Hardware 4.0, and Dojo; Expects Autopilot Probe to Take Months/Years to Resolve

August 17, 2021 5:31 AM EDT

Elon Musk announced recently that his Tesla (NASDAQ: TSLA) will host its artificial intelligence (AI) day on August 19 to discuss the companys hardware and software development progress in this area. Furthermore, the company will use this event to recruit top talent in this field.

Goldman Sachs analyst Mark Delaney has weighed in to outline potential topics that Musk and Co may tackle on August 19. Key topics, including Delaneys comments, are outlined as follows:

AI Neural Net

Teslas neural net, which supports its Autopilot/Full Self Driving (FSD) technology,... More

Cathie Wood Says Big Short’s Michael Burry Doesn’t Understand Tech Fundamentals as His Hedge Fund Bets Against Ark Innovation ETF (ARKK) and Tesla (TSLA)

August 17, 2021 4:34 AM EDT

Michael Burry, who heads a private investment firm Scion Asset Management, is betting against one of the hottest money managers on the Street today - Cathie Wood.

Burry, who was made famous by the movie "The Big Short," had bearish put contracts against 235,500 shares of the ARK Innovation ETF (ARKK) at the end of Q2, according to the companys filing with regulators.

The position is valued at... More

Tesla expands legal, external relations workforce in China

August 17, 2021 2:09 AM EDT

BEIJING (Reuters) -Tesla Inc is hiring managers for legal and external relations teams in China, according to a job post on its Wechat account, as the electric-car maker faces public scrutiny in the country over safety and customer service complaints.

U.S.-headquartered Tesla, which is making electric Model 3 sedans and Model Y sport-utility vehicles in Shanghai, is hiring external relation managers in several Chinese cities including Beijing, Shanghai and... More

Five Children Injured as Tesla (TSLA) Crashes in School Car Park - Telegraph

August 16, 2021 3:33 PM EDT

Five Children Injured as Tesla (NASDAQ: TSLA) Crashes in School Car Park - Telegraph

... More

Tesla (TSLA) Announces First Shanghai-made Model Y Shipped to Europe

August 16, 2021 1:06 PM EDT

Tesla Inc. (NASDAQ: TSLA) announced Monday that, for the first time, the companys China operation has begun shipping the Model Y to Europe. The statement released by the company disclosed the Gigafactory 3 in the Lingang free-trade zone shipped 8,210 Model Ys to Europe... More

U.S. Investigating Safety Following Tesla (TSLA) Autopilot Crashes

August 16, 2021 9:35 AM EDT

U.S. auto safety regulators released documents Monday that show they have opened a formal safety probe into Tesla Inc's (NASDAQ: Tesla (NASDAQ: TSLA) driver assistance system Autopilot after a series of crashes. The investigation covers an estimated 765,000 Tesla Model Y, X, S and 3... More

U.S. opens probe into Tesla’s Autopilot over emergency vehicle crashes

August 16, 2021 7:54 AM EDT

By David Shepardson and Hyunjoo Jin

WASHINGTON (Reuters) -U.S. auto safety regulators on Monday opened a formal safety probe into Tesla Inc's driver assistance system Autopilot after a series of crashes involving Tesla models and emergency vehicles.

The National Highway Traffic Safety Administration (NHTSA) said it had identified 11 crashes since January 2018 in which Teslas "have encountered first responder scenes and subsequently struck one or more vehicles involved with those scenes."

The probe will take in 765,000 U.S. vehicles with Autopilot built since 2014. Tesla shares closed down 4.3% on the news.

NHTSA, which closed an earlier investigation... More

US opens formal investigation of Tesla (TSLA) autopilot citing collisions with parked emergency vehicles - AP

August 16, 2021 7:44 AM EDT

US opens formal investigation of Tesla (NASDAQ: TSLA) autopilot citing collisions with parked emergency vehicles - AP

... More

Active options: TSLA AAPL AMD WISH DIS AMC PLTR PFE SOFI

August 16, 2021 4:46 AM EDT

Active options: TSLA AAPL AMD WISH DIS AMC PLTR PFE SOFI

... More