Eu Trade Commissioner Dombrovskis: We Have Spoken With The U.s. On Their Tax Incentives For E-cars And Expressed Our Concerns - Reuters

Tesla (TSLA) Completes Expansion at Shanghai Plant

Reuters reports today that a project to expand production capacity at Teslas (NASDAQ: TSLA) has been completed, according to a statement on a Shanghai government platform for companies' environmental information disclosures.

Previous reports show that the electric vehicle company had... More

Bernstein Expects EV Battery Demand to Rise; Will IRA Budget be Enough?

When U.S. President Joe Biden signed the Inflation Reduction Act (IRA) into law in August, he called it an historic step to fight inflation, lower costs, and create jobs that corporations cant ship overseas. The law was designed to do several things, not least of which was to combat climate change through clean energy and electric vehicle (EV) tax incentives.

Under the new law,... More

Tesla (TSLA) PT Raised to $400 at Deutsche Bank, 'We view 2023 as a pivotal year'

Deutsche Bank analyst Emmanuel Rosner raised the price target on Tesla (NASDAQ: TSLA) to $400.00 (from $375.00) while maintaining a Buy rating.

The analyst comments "considerably above consensus of $5.82. We view 2023 as a pivotal year in which Tesla continues to grow volume at a high... More

Tesla (TSLA) Expanding FSD Beta to Safety Scores Above 80

Tesla (NASDAQ: TSLA) CEO, Elon Musk announced on Twitter (NYSE: TWTR) today that the company will be expanding its Full Self-Driving Beta test to include those customers with a safety score above 80. The expansion will come after the release of version... More

President Biden Announces $900M for EV Charging at Detroit Auto Show

U.S. President Joe Biden, at the Detroit Auto Show Wednesday, announced the approval for $900 million in federal funding for a nationwide electrical vehicle charging network. As part of a $1 trillion infrastructure law passed in November, the first $900 million will be used to finance the construction of EV chargers across 53,000 miles of the national highway system in 34... More

Drivers Seek Class Action Lawsuit Against Tesla (TSLA) Over Autopilot Claims

The U.S. Northern District of California filed a lawsuit Wednesday against the electric vehicle giant, Tesla Inc. (NASDAQ: TSLA). The district is seeking a class-action status for what it characterized as years of misleading and deceptive statements regarding the companys self-driving technology.

Briggs Matsko, the named... More

Musk’s Strick Return-to-Office Policy has Tesla (TSLA) on Edge

Tesla (NASDAQ: TSLA) CEO, Elon Musk enacted a strict return-to-office policy back in June, informing employees suddenly by email that they would need to spend a minimum of forty hours in the office per week. Anything else, he suggested, was phoning it in.

When asked about the email, Musk made it clear he had zero tolerance for workers demands to continue working from home full time, saying: They should pretend to work somewhere else.

Musk... More

Tesla (TSLA) Weighs China Reset

In an exclusive story, Reuters reports that Tesla (NASDAQ: TSLA) is reevaluating the way the company sells electric cars in China. China is Teslas second-largest market. However, the electric vehicle giant is considering closing some showrooms in malls in cities like Beijing where traffic plunged during COVID restrictions.

According to people familiar... More

A Slow September Start Frustrates EV Investor Confidence in China

Weak seasonality, along with sporadic COVID lockdowns hampered Chinese electric vehicle sales in early September. According to Morgan Stanley analyst, Tim Hsiao, with already suppressed market sentiment, it would take a significant sales uptick to restore investor confidence in the auto segment.

A soft start to September was anticipated due to the Mid-Autumn Festival and several city-wide lockdowns. However, a 10% WoW decline in the EV run-rate was still a surprise compared to a low-single-digit sequential decline during the holidays last... More