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

China Power Crisis Suspends EV Charging Services

Electric car manufacturer, Nio In. (NYSE: NIO) began posting temporary notices on its apps charging map page informing owners that some of its Chengdu battery-swapping stations are off-line because of the severe overload on the grid under the persisting high temperatures.

Tesla (NASDAQ: TSLA) was also forced to turn off or restrict services at more than a dozen super-charging stations in... More

Enovix (ENVX) up After Price Target Raise at Cowen

Shares of Enovix Corporation (NASDAQ: ENVX) are up more than 9% on Wednesday after Cowen reiterated an outperform rating and raised their price target by $17 to $36 (Prior $19).

Cowen analyst, Gabe Daoud, Jr. wrote in his note that he believes the battery company is likely to enter... More

UBS on Inflation Reduction Act

UBS analyst, Tim Bush hosted an investor call with Ulderico Ulissi, the Battery Lead at Rho Motion. The call concerned the United States new Inflation Reduction Act. Investors are concerned about some of the restrictions. Ulissi said that IRA specifics are vague, and that there is room for discussion/ policy refining over the coming... 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 Motors (LCID) Introduces Tri-Motor Lucid Air Sapphire

American electric vehicle manufacturer Lucid Motors (NASDAQ: LCID) on Friday introduced Sapphire, Lucid's new ultra-high-performance brand. The new brand will be led by the worlds first fully electric luxury super-sports sedan, the new Lucid Air Sapphire.

With an expected price tag of $249,000, the Sapphire is equipped with the highly anticipated three-motor powertrain, featuring a new twin motor rear-drive unit and a single motor front-drive unit.

"With three state-of-the-art electric motors all developed and manufactured in-house by Lucid Lucid Air Sapphire reaches an entirely new level of performance," said Eric Bach, SVP of... 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