Exclusive-Tesla to raise Shanghai output after price cuts stoke demand -memo
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Deutsche Bank Releases Bullish Comments on Tesla (TSLA) Demand Indicators
February 3, 2023 2:27 PM ESTDeutsche 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
February 3, 2023 7:50 AM EST(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
February 1, 2023 11:56 AM ESTReuters 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
February 1, 2023 8:08 AM ESTChinas 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
February 1, 2023 7:43 AM ESTIn 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
