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Tesla (TSLA) Model Y Becomes Best-Selling Car in Germany

Electric vehicle maker, Tesla (NASDAQ: TSLA) continues to be the best-selling BEV in Germany after reporting September numbers showing that the company sold almost 14k units in the country, over 6% market share. While Tesla has long been the best-selling BEV in Germany, in September it was the best-selling car, considering all powertrains overtaking local best-selling models from... More

China Adds Tesla (TSLA) Models S/X to Purchase Tax Exemption List

Chinas Ministry of Industry and Information Technology (MIIT) recently released its updated Catalogue of New Energy Vehicle Models Exempted from Vehicle Purchase Tax, and it included Teslas (NASDAQ: TSLA) new Model S and Model X vehicles. The two flagship vehicles are now... More

Goldman Sachs Updates Auto Forecast: 'We Prefer TSLA and GM'

Goldman Sachs updated their automotive industry forecast to reflect continued macroeconomic and financial market headwinds along with easing chip constraints and added policy support for electric vehicles. Overall, Goldman Sachs global auto forecast for production and sales moves slightly lower for 2023-2025. However, EV assumptions increased.

Goldman Sachs continues to expect auto production to trend higher from a low base as chip shortages ease, although they expect the magnitude to be impacted by softer demand. Overall, global auto production is now expected to be 81.7/82.8/85.6/87.3 mn (vs. 78.9/84.1/88.4/90.2 mn prior).

Analyst, Mark... More

Morgan Stanley Cuts Price Target on Tesla (TSLA)

Morgan Stanley reiterated an Overweight rating and cut the price target on Tesla, Inc. (NASDAQ: TSLA) to $350 (from $383) following the companys 3Q delivery miss. Morgan Stanley believes the factors that drove to Teslas weaker than expected 3Q production and deliveries could... More