Lucid Group (LCID) doubles on Saudi rumors
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- Wall Street stocks fall as weak GDP growth spreads rate-cut gloom
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- Alphabet (GOOGL) soars 16% on Q1 results beat, first-ever dividend
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- Oil settles higher as weak U.S. economic growth offset by supply concerns
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- Meta Platforms (META) Tops Q1 EPS by 39c, Offers Guidance
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Warren Buffet backed EV maker BYD in talks to acquire insurer Yi'an
January 31, 2023 11:59 AM ESTBYD, the Chinese electric vehicle company in China, announced on Tuesday that the Warren Buffet backed automaker is working on a potential acquisition of Yi'an P&C Insurance Co, an insurer that was seized by Chinese regulators two years ago as part of a crackdown on financial... More
Tesla (TSLA) to increase CAPEX and ramp battery cell and semi-truck production
January 31, 2023 8:46 AM ESTTesla (NASDAQ: TSLA) announced in a 10-K filing on Tuesday that the electric vehicle company will increase its capital expenditure next year as the electric-vehicle maker increases production of a new battery cell and the Semi heavy duty truck.
Tesla wrote in the filing that we are likely to see heightened levels of capital... More
Tesla (TSLA) to offer additional discounts and supercharging incentives
January 30, 2023 1:04 PM EST(Updated - January 30, 2023 2:33 PM EST)
UPDATE: Teslarati has confirmed with Tesla that newest discount/supercharging incentives are for Model S and X vehicles only.
Story by teslarati.com reports today that Tesla (NASDAQ: TSLA) is now offering an additional $3000 discount or 3 years of free Supercharging incentives with the purchase of new vehicles. However, the... More
Lucid (LCID) up on SAPIF takeover speculation
January 30, 2023 8:14 AM ESTShares of Lucid Group (Nasdaq: LCID) jumped as much as 98% intraday on Friday before settling up 43% following a Bloomberg report that highlighted speculation by Betaville that Saudi Arabias Public Investment Fund (SAPIF) was in talks to take the electric vehicle company private.
Bank... More
Berenstein spoke with investors following Tesla’s (TSLA) mixed Q4 report
January 30, 2023 7:58 AM ESTBernstein reiterated an Underperform rating on Tesla (NASDAQ: TSLA) with a $150.00 price target after speaking with the company and several investors. Tesla has rallied dramatically despite reporting mixed results on Jan 25. Tesla missed margins significantly but provided reassuring guidance and commentary on demand and beat on EPS due to a lower-than-expected tax rate and... More
Musk meets with top Biden officials to discuss EV and energy goals
January 27, 2023 2:11 PM ESTAn exclusive story by Reuters reports that Tesla CEO, Elon Musk met with two top Biden administration officials on Friday in Washington. John Podesta, a senior advisor to the president for clean energy innovation, and Mitch Landrieu, who oversees infrastructure spending.
According to a White House spokesperson, "John Podesta and Mitch Landrieu met with Elon Musk... More
