Tesla files for $776 million expansion of Texas gigafactory
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Expansion delayed at Tesla’s (TSLA) Shanghai gigaplant
January 12, 2023 7:29 AM ESTElectric vehicle giant, Tesla Inc. (NASDAQ: TSLA) has reportedly delayed its plans to expand the companys Shanghai factory according to a report by Bloomberg on Thursday, citing people familiar with the matter. The reason for the delay is reportedly connected to Elon Musks... More
Elon Musk’s Twitter considered selling usernames to boost revenue
January 11, 2023 2:11 PM ESTAccording to a New York Times report, citing people familiar with the matter, social media platform Twitter considered selling usernames to generate new revenue. Twitter employees have held conversations about selling some usernames for the service since at least December, the people said. Some engineers have suggested holding online auctions where users can bid on usernames.
It remains unclear on if the project will move forward and if the plan affects all usernames or only a subset. However, CEO Elon Musk said last month that he wanted to start eliminating inactive accounts on... More
Tesla (TSLA) in preliminary talks to build Indonesian factory
January 11, 2023 8:30 AM ESTAn exclusive report by Bloomberg reports that electronic vehicle giant Tesla Inc. (NASDAQ: TSLA) is close to sealing a preliminary deal to set up a factory in Indonesia.
According to people familiar with the matter, the plant would produce as... More
Morgan Stanley sees strength in Tesla (TSLA) as EV market transitions
January 11, 2023 8:01 AM ESTMorgan Stanley reiterated an Overweight rating and $250.00 price target on Tesla (NASDAQ: TSLA) as analysts believe the global EV market has begun a transition from acute under supply to potential oversupply.
Analyst Adam Jonas believes that 2023 is the year execution on manufacturing costs and... More
Tesla (TSLA) to build $776m expansion at giga Texas
January 11, 2023 7:10 AM ESTGovernment filings show that electric vehicle maker, Tesla (NASDAQ: TSLA) has applied for to expand its gigafactory in Texas using a $775.7 million investment. This expansion will mark one of the companys largest expansion drives since setting up the $5.5 billion gigafactory in Germany... More
