Beige book, Tesla earnings, Morgan Stanley: 3 things to watch
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IKEA invests £4.5 million in EV charging infrastructure projects for last mile fleet in the UK and Ireland
April 20, 2023 3:25 PM EDTSwedish furniture retailer, IKEA announced today a £4.5million investment in a nationwide electric charging infrastructure, which will provide charging points for electric delivery vehicles across the country to enable more emissions-free deliveries.
The EV infrastructure forms part of IKEAs ongoing transformation to become even more affordable, accessible, and sustainable as it aims to reach 100% zero emission deliveries to customers by 2025.
The investment marks one of the biggest EV charging... More
Tesla (TSLA) factory where employee died had safety weakness
April 19, 2023 1:44 PM EDTAccording to several news reports Wednesday, Government inspectors have concluded that Teslas (NASDAQ: TSLA) Shanghai factory where an employee died in a Feb. 4 accident has weaknesses in its safety measures.
Investigators found that two workers in the factorys wielding workshop didnt strictly follow safety rules during a shift... More
Baidu’s (BIDU) Jidu Auto skips Shanghai auto show due to marketing plans
April 19, 2023 12:22 PM EDTYicai Global, the financial news arm of state-owned media conglomerate, Shanghai Media Group reports today, citing a source at the company, that Baidu-backed Jidu Auto is absent from the ongoing Shanghai Auto Show because the event did not fit in with the automakers product marketing plans.
The Shanghai... More
Tesla (TSLA) slides following additional U.S. price cuts
April 19, 2023 8:30 AM EDTShares of Tesla (NASDAQ: TSLA) are trading down more than 2% in pre-market trading on Wednesday after the electric vehicle company cut prices for the sixth time this year.
Tesla's website showed late on Tuesday that it cut prices of its Model Y 'long range' and 'performance' vehicles by $3000 each and of its Model 3 'rear-wheel drive' by $2,000 to $39,990.
The cuts come... More
RBC Capital cuts price target on Tesla (TSLA) as price war weighs
April 19, 2023 8:14 AM EDTRBC Capital reiterated an Outperform rating on Tesla (NASDAQ: TSLA) and cut their price target on the stock to $217.00 (From $223.00) as concerns are mounting that the electric vehicle maker may need to cut prices again to remain competitive.
RBC Capitals expectations are for Teslas Automotive Gross Margins to be pressured by price cuts. TSLA made multiple price cuts during the quarter,... More
