Musk's plan for a cheap Tesla car is what fans hope to hear this week
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MP Materials (MP) trade down after Tesla (TSLA) announces EV motor with no rare earth metals
March 1, 2023 6:57 PM ESTTesla (NASDAQ: TSLA) and CEO Elon Musk held the companys investor day on Wednesday, where the company announced the Tesla has designed a permanent magnet motor that does not use any rare earth materials at all.
Rare earth metals, such as neodymium, dysprosium,... More
Elon Musk speaks on his 'Master Plan' for a future of sustainable energy at Tesla's (TSLA) investor day
March 1, 2023 6:20 PM ESTElon Musk and Tesla (NASDAQ: TSLA) held their 2023 investor day today. Musk opened with a presentation of "Master Plan 3", focused on creating a future with sustainable energy.
According to the presentation, in our current combustion energy-based economy, 80% of global energy comes from fossil fuels. However, only 1/3rd of global energy is converted to use for work or heat.
Elon Musk stated during the presentation that, The thing that is needed at a very... More
Tesla (TSLA) working on revamped Model Y
March 1, 2023 7:38 AM ESTReuters reports Wednesday, citing three people familiar with the matter, that electric vehicle giant, Tesla Inc. (NASDAQ: TSLA) is readying a production revamp of its top-selling Model Y.
The changes to the Model Y code-named Project Juniper at Tesla - involve the exterior and interior of the crossover electric vehicle... More
Tesla (TSLA) suffers from aging product line as sales slow in China
February 28, 2023 10:31 AM ESTData from China Merchants Bank International showed Tuesday that Teslas (NASDAQ: TSLA) sales in China rose last week but were still running short of the pace seen in the fourth quarter, indicating a bump from discounted prices in its biggest overseas market is waning.
According to the data, the electric vehicle maker nearly... More
Mexico announces new Tesla (TSLA) plant to be built in Monterrey
February 28, 2023 10:19 AM ESTMexican President Andres Manuel Lopez Obrador announced Tuesday morning that the government has reached an agreement with electric vehicle maker, Tesla (NASDAQ: TSLA) over the company's plan to build a new plant in the northern city of Monterrey.
Speaking at a news... More
BYD says price cuts were part of promotions by some dealers
February 27, 2023 7:27 AM ESTChinese conglomerate and auto maker, BYD Company is down 1.65% today in Chinese markets after reports that the company cut prices on their vehicles. However, the company replied to reports, saying that the price cuts were not its official move, after the matter sparked discussion over the... More
Tesla (TSLA) German plant reaches 4k cars per week ahead of schedule
February 27, 2023 6:51 AM ESTElectric vehicle maker, Tesla (NASDAQ: TSLA) announced Monday that its plant in Brandenburg near Berlin is now producing 4,000 cars per week. According to a recent production plan viewed by Reuters, the company reached this goal three weeks ahead of... More
