Lucid Motors (LCID) Introduces Tri-Motor Lucid Air Sapphire

California Declines Tesla's (TSLA) Challenge to Racial Bias Lawsuit

California's Office of Administrative Law, in a letter, declined to review Tesla Inc's (NASDAQ: TSLA) claim that the state's civil rights watchdog suing the company is rushing without conducting full investigations.

the Department of Civil Rights (DCR) has filed a pending lawsuit against... More

Ford (F) Announces 3,000 Job Cuts

Ford Motor Company (NYSE: F) announced on Monday that the company will cut 3,000 salaried and contract jobs as it restructures to catch up with Tesla (NASDAQ: TSLA) in the race for software driven electric vehicles. The cuts... More

Tesla (TSLA) to Raise FSD Price to $15K

Tesla (NASDAQ: TSLA) CEO, Elon Musk announced on Twitter Sunday that the electric vehicle company would be increasing the price of its full self-driving program by 25%. The price will increase to $15,000 from $12,000 on Sept. 5, Musk said in a tweet.

After wide... More

Judge Orders Tesla (TSLA) Case Against Former Engineer Goes to Arbitration

San Francisco federal judge James Donato ordered that a dispute between Tesla Inc (NASDAQ: TSLA) and its former engineer Alexander Yatskov to arbitration following a Thursday hearing.

Tesla sued Yatskov in May for allegedly taking confidential information about the company's Dojo AI-training supercomputer and... More

Lucid Group (LCID) Introduces Super-Sports Sedan Sapphire

Lucid Group, Inc. (NASDAQ: LCID) introduced Sapphire, Lucid's new ultra-high-performance brand, led by the new Lucid Air Sapphire the world's first fully electric luxury super-sports sedan.

"Last year, Lucid rocked the world with the launch of Lucid Air, a fusion of unsurpassed range, efficiency, superior driving dynamics, and interior space, uniquely enabled by our in-house technology." said Peter Rawlinson, CEO and CTO, Lucid Group. "Today, with the introduction of the Sapphire line, we take the next logical step of advancement. Lucid Air Sapphire, being the very first Lucid product to bear the... More

Tesla (TSLA) Seeks Hearing Following Allegations by California Regulators

According to a report by Reuters published Thursday, electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) has asked for a hearing to present a defense after it was accused by a California state transportation regulator of falsely advertising its Autopilot and Full Self-Driving features as providing... More

U.S. seeks information from Tesla on in-car camera in Autopilot probe

By David Shepardson and Hyunjoo Jin

WASHINGTON (Reuters) -U.S. auto safety regulators on Thursday asked Tesla Inc to answer questions about its in-car camera intended to monitor driver awareness as part of a probe into 830,000 Tesla vehicles that employ the carmaker's advanced driver assistance system called Autopilot.

The National Highway Traffic Safety Administration (NHTSA) is assessing the performance of Autopilot after earlier identifying a dozen crashes in which Tesla vehicles struck stopped emergency vehicles.

In June, it upgraded its probe to an engineering analysis - a required step before it could potentially demand a recall.

Tesla (TSLA) confirms plan to launch electricity retail business in Texas - Electrek

Tesla (NASDAQ: TSLA) confirms plan to launch electricity retail business in Texas - Electrek

Tesla seeks hearing on California regulator Autopilot allegations

(Reuters) - Tesla Inc has asked for a hearing to present a defense after it was accused by a California state transportation regulator of falsely advertising its Autopilot and Full Self-Driving features as providing autonomous vehicle control.

In complaints filed July 28 with the state Office of Administrative Hearings, California's... More

Tesla (TSLA) Asks For Hearing To Present Defense After California Regulator Claimed It Falsely Advertised Autopilot - Reuters

Tesla (NASDAQ: TSLA) Asks For Hearing To Present Defense After California Regulator Claimed It Falsely Advertised Autopilot - Reuters

Tesla (TSLA) Cuts Waiting Times in China to Minimum 4 Weeks

Tesla (NASDAQ: TSLA) is seeing positive movement in early trading on Thursday after the company announced that they were cutting the delivery waiting period for Model 3 and Model Y cars in China.

The waiting time for the rear-wheel drive Model Y sport utility vehicle is now four to eight weeks, while buyers of other versions of the SUV and Model... More

CFRA Raises PT, Estimates on Tesla (TSLA) as Inflation Bill Cuts Competition

CFRA analyst, Garrett Nelson reiterated a strong Buy rating on Tesla (NASDAQ: TSLA) and raised the price target to $1,245 from $1,125. Nelson raised CFRAs EPS estimate to $12.45 from $11.90 for '22, to $17.25 from $16.20 for '23, and to $20.75 from $18.75 for '24.

Nelson feels that... More

Tesla (TSLA) PT Raised to $1,245 at CFRA

CFRA analyst Garrett Nelson raised the price target on Tesla (NASDAQ: TSLA) to $1,245.00 (from $1,125.00) while maintaining a Strong Buy rating.... More

Tesla cuts delivery waiting time for Model Y in China to a minimum of 4 weeks

SHANGHAI (Reuters) -Electric auto giant Tesla said on Thursday it has slashed the delivery waiting time for its Model 3 and Model Y cars in China as it ramps up output at its Shanghai plant after upgrading production lines.

The waiting time for the rear-wheel drive Model Y sport utility vehicle is now four to eight weeks, while buyers of other versions of the SUV and Model 3 sedans... More

Xiaomi Auto to Use Batteries from CATL and BYD

Xiaomi Auto, a subsidiary of the Chinese consumer electronics brand that shares the same name, announced on Wednesday that the company has finalized two battery suppliers for its electric vehicles. CATL and FinDreams Battery.

CATL and FinDreams Battery, which is owned by BYD, are the top two battery suppliers in China. The blade battery is BYDs main product, while the Kirin batteries are a third generation of CTP (Cell To Pack)... More

Tesla (TSLA) Legal Chief Who Led Purchasing Probe Has Left Automaker - Bloomberg

Tesla (NASDAQ: TSLA) Legal Chief Who Led Purchasing Probe Has Left Automaker - Bloomberg

HSBC Cuts European EV Penetration Estimates for First Time

HSBC Global Research cut estimates for European battery electric vehicles for the first time following a disappointing 1H22. With just 10% penetration, results are a long way away from the previous estimates for 18% penetration in 2022.

HSBCs new full year BEV penetration estimate of 14% in 2022 still implies at least a 17% result in the 2H of this year. An estimation that assumes an improvement in semiconductor... More

Manchester United (MANU) Shares Rise as Musk Jokes He Could Buy His 'Fav Team'

Shares of Manchester United (NYSE: MANU) are up almost 4% in premarket after Tesla (NASDAQ: TSLA) CEO Elon Musk joked he could buy the English football club.

Musk initially tweeted Im buying Manchester United ur welcome, which sent fans of the troubled Premier League fans into delirium. When asked by another Twitter account if hes... More