Exclusive-Tesla to raise Shanghai output after price cuts stoke demand -memo

Deutsche Bank Releases Bullish Comments on Tesla (TSLA) Demand Indicators

Deutsche Bank analyst Emmanuel Rosner reiterated a Buy rating and $220.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Overall, we are encouraged with demand indicators that point to strong orders following the companys price cuts. More recently, we saw... More

Tesla's (TSLA) German and Chinese deliveries up 912% and 10% in January; Cut prices in South Korea

(Updated - February 3, 2023 8:57 AM EST)

UPDATE: Headline correction for Germany and China delivery numbers

The German motor authority, KBA reported Friday that the number of new Tesla (NASDAQ: TSLA) vehicles registered in Germany rose in January by 912.2% from last year's figures to 4,241. Tesla models now make up 2.4% of all new registrations in Germany.

According to the China Passenger Car Association, the company also sold 66,051 China-made electric vehicles in January. Up 18% from December, when the U.S. electric... More

Rivian (RIVN) to cut jobs by 6% amidst price war

Reuters reports in an exclusive story Wednesday that Rivian Automotive (NASDAQ: RIVN) is laying off 6% of its workforce in an effort to cut costs. The American EV maker, already grappling with falling cash reserves and a weak economy, is now bracing for what may be an industry-wide price war.

The falling EV prices were kicked off by cuts made recently by Elon Musk-led Tesla and Ford... More

Chinese domestic EV makers report January sales decline following Tesla (TSLA) price cuts

Chinas top domestic high-end EV manufacturers: Nio (NYSE: NIO), XPeng (NYSE: XPEV), and Li Auto (NASDAQ: LI), all recorded monthly and year-on-year sales declines in January, with some of the drops exceeding 50%. The weakness follows disrupted production and sales slowed by the weeklong Lunar New Year holiday, as-well-as recent Tesla (NASDAQ: TSLA) price... More

Tesla (TSLA) plans production ramp in Shanghai as price cuts boost demand

In an exclusive story, Reuters reports Wednesday that electric vehicle giant, Tesla, Inc. (NASDAQ: TSLA) plans to step up output at its Shanghai plant over the next two months to meet demand ignited by aggressive price cuts on its best-selling models. The report cites a planning memo seen by Reuters and a... More