Tesla scales back German battery plans, won over by U.S. incentives
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Bernstein expects low-cost platform details at Tesla’s (TSLA) investor day
February 22, 2023 7:42 AM ESTBernstein reiterated an Underperform rating and $150.00 price target on Tesla (NASDAQ: TSLA) ahead of the electric vehicle makers investor day on March 1st. Analyst, Toni Sacconaghi believes that the most important issue for Tesla going into this event is the status of its next-gen, lower cost vehicle platform. Bernstein has no expectation for a product announcement, but incremental detail on pricing, offering and especially timing is most important.
During its Q4 2022 earnings call, Tesla hinted that details of a new model could be revealed at its analyst day. However, a new... More
Magnis signs material supply deal with Tesla (TSLA)
February 21, 2023 1:42 PM ESTAustralian Lithium battery company, Magnis Energy announced on Tuesday that they have signed a binding offtake deal with Tesla Inc (NASDAQ: TSLA) to supply battery anode materials. The deal will last for a minimum of three-years beginning February 2025.
The deal comes while... More
