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CFRA promotes Tesla (TSLA) to Strong Buy ahead of 1Q delivery numbers

CFRA upgraded Tesla (NASDAQ: TSLA) to a Strong Buy rating (From: BUY) and raised the price target on the stock to $275.00 (From $250.00) ahead of the electric vehicle giants 1Q delivery report. Tesla will be reporting its 1Q delivery units number likely this... More

XPeng (XPEV) plans rollout of driver assistance software to all Chinese cities by 2024

Chinese electric vehicle maker, XPeng (NYSE: XPEV) announced Friday that the automaker is upgrading its advanced driver assistance software and plans to make all of its functions available to drivers across China by 2024, as it seeks to gain an edge over U.S. rival Tesla... More

Tesla (TSLA) faces new racial bias claims

A new racial bias lawsuit has been filed against Tesla (NASDAQ: TSLA) by a worker who says he was fired for pushing back against comments by his white supervisor that he claims were racist.

John Goode, who oversaw a Tesla service center near Atlanta, filed a lawsuit in San Francisco federal court on Thursday claiming a regional manager blocked him from... More

Stricter EV tax credit rules to take effect on April 18

The U.S. Treasury unveiled Friday stricter electric vehicle tax rules that will reduce or cut tax credits on some zero-emission models but grants buyers another two weeks before the new requirements take effect.

The EV battery sourcing guidance issued Friday triggers new requirements for critical minerals and battery components and takes effect for vehicle purchases starting April 18.

The rules are aimed at weaning the United States off dependence on China for EV battery supply chains and part of President Joe Biden's effort to make 50% of U.S. new vehicle sales by 2030 EVs... More

Tesla’s (TSLA) Elon Musk plans first visit to China since COVID-19, seeks meeting with Premier

Reuters reports Friday, citing people familiar with the situation, that Tesla (NASDAQ: TSLA) CEO, Elon Musk is making plans to visit China as early as April, and is seeking a meeting with China's Premier Li Qiang. The exact timing of the visit is... More

Tesla (TSLA) recalls 35 electric semi trucks for defective parking brake

American electric automaker, Tesla Inc. (NASDAQ: TSLA) is recalling 35 2023 Tesla Semi trucks after it was found that the vehicles electronic parking brake valve module (PVM) may fail to move into the park position when the parking brake is activated.

It was found that the electronic... More

Wood Mackenzie data shows Tesla (TSLA) missed solar roof deployment goals

Since the launch of the Tesla (NASDAQ: TSLA) Solar Roof in 2016, Wood Mackenzie estimates that approximately 3,000 Solar Roofs have been installed nationwide, missing Teslas stated goal of 1,000 installations per week.

According to analyst, Max Issokson, granular installation data surrounding the Tesla... More

BYD extends market lead in China after posting 4Q profit jump

Wang Chuanfu, Chairman of Chinese electric automaker BYD, told reporters in Hong Kong Wednesday that the company is large enough to shake off the impact of a bruising price war and faltering demand in China, after reporting an 11-fold increase in fourth-quarter profit.

The strong result came as... More

Wedbush expects good numbers ahead of Tesla (TSLA) 1Q delivery report

Wedbush reiterated an Outperform rating and $225.00 price target on Tesla Inc. (NASDAQ: TSLA) ahead of the electric automakers 1Q delivery report. Tesla will be reporting its 1Q delivery units number likely this weekend with all eyes on how demand is holding up in a shaky macro.

Analyst, Daniel Ives wrote in a note, Clearly since the Model Y/3 price cuts were implemented early this year... More

Tesla (TSLA) remains a favorite at Baird ahead of 1Q delivery numbers

Baird reiterated an Overweight rating and $252.00 price target on Tesla Inc. (NASDAQ: TSLA) ahead of the electric automakers 1Q23 delivery numbers.

After negative estimate revisions and worries surrounding demand, recent price decreases and anecdotal data on sales seem to have relieved some bearish sentiment.

The year is still early, but we continue to like the setup of the stock and believe bias for estimate... More