Tesla stock slashed in punishing week: 4 biggest recent analyst moves
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EV Santa Claus rally muted in China as subsidies expire
December 29, 2022 9:38 AM ESTChinas new electric vehicle penetration was largely muted in December despite several auto brands announcing promotional campaigns and a decent sales recovery for passenger vehicles following the easing of quarantine/mobility restrictions and testing requirements. J.P. Morgan analyst Rebecca Wen noted that the usual peak season rally is not happening for the year despite this being the last year of Chinas long-running NEV subsidy program.
Wen... More
Volkswagen to reveal new EV at CES 2023
December 28, 2022 12:57 PM ESTVolkswagen is preparing to unveil its newest electric vehicle at CES 2023 on January 3rd. Volkswagen didnt provide a lot of details, but the company said that the vehicle will still be camouflaged, revealing only its shape and size.
In addition to revealing a camouflaged version of the all-new... More
Tesla (TSLA) stock falls again on report Shanghai production cuts will extend into January
December 27, 2022 5:58 AM ESTShares of Tesla (NASDAQ: TSLA) are down more than 2% in pre-market Tuesday trading after Reuters reported that the electric vehicle (EV) maker plans to extend its light production schedule at its Shanghai plant in January.
The Shanghai plant will run production from... More
