Tesla (TSLA) increases price of new Model S and X in China

U.S. EV shares slump following news of Lucid (LCID) and Fisker (FSR) poor 1Q results and production cuts

U.S. electric automakers saw a decline in share prices Tuesday morning following cuts to production forecasts by Lucid Group Inc (NASDAQ: LCID) and Fisker Inc (NYSE: FSR), with Lucid sliding 9% in early trading.

Fisker shares were last down 5.3% after the company reported quarterly results. The company reported 1Q EPS of ($0.38), $0.08 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $198 thousand versus the consensus estimate of $6.33 million. The EV maker also announced... More

Barclays predicts April back step as EV penetration reaches 14% in March report card

Barclays released a March EV report card as EV penetration reached 14%, up m/m and y/y, but still below elevated 4Q22. Analyst Dan Levy believes April is poised to be a slight step back in uptake, in-line with typical 1st month-of-quarter patterns. Tesla (NASDAQ: TSLA), however, had an impressive March share, benefiting from price cuts and an increased focus on low cost EVs exported from China.

China once again had the highest EV penetration rate among the major global regions (30% in March), yet was flat m/m.... More

Tesla (TSLA) to introduce 'end-to-end AI' in FSD v12 says Musk

With the imminent release of Teslas (NASDAQ: TSLA) Full Self-Driving (FSD) v11.4 to employees this week, Musk said the new version will feature so many major improvements and that it should becalled v12. However, The billionaire CEO commented on twitter that the v12 is reserved for when FSD is end-to-end AI, from images in to... More

Tesla (TSLA) to hold groundbreaking ceremony at Texas refinery Monday

Electric vehicle giant, Tesla (NASDAQ: TSLA) will hold a groundbreaking ceremony Monday to celebrate construction of its new $375 million lithium refinery just outside Corpus Christi. The companys billionaire CEO Elon Musk and Texas Gov. Greg Abbott are both expected to speak at the event.

The Tesla lithium refinery in Texas will produce battery-grade lithium. Tesla has noted that it will... More

Chinese state media reports country will speed construction of EV charging facilities

Chinese state media reports Friday, quoting the nation's cabinet, that the country will speed up the construction of charging facilities for new energy vehicles (NEV) such as electric cars, and improve policies for purchasing and using them.

The government is studying policies to promote auto consumption and support... More

Tesla (TSLA) Extends Gain, Up 4.8%

Tesla (NASDAQ: TSLA) Extends Gain, Up 4.8%

Tesla (TSLA) delivered 75,842 China-made vehicles in April, down 14.7% from March

China Passenger Car Association (CPCA) showed on Friday that electric vehicle maker Tesla delivered 75,842 China-made vehicles in April. Deliveries were down 14.7% compared to March, but a huge jump from a year earlier, when the city of Shanghai was in a COVID-19 lockdown. In April last year, the company delivered only 1,512 China-made Model 3 and Model Y cars.

Rival... More

Tesla's April sales of China-made EVs down 14.7% from March - CPCA

BEIJING/SHANGHAI (Reuters) -Tesla Inc delivered 75,842 China-made electric vehicles (EVs) in April, down 14.7% from March, data from the China Passenger Car Association (CPCA) showed on Friday.

The figure was however a huge jump from a year earlier, when the city of Shanghai - where Tesla has a factory - was in COVID-19 lockdown. In April last year, the company delivered only 1,512 China-made Model 3 and Model Y cars in the world's largest auto market.

Tesla raises prices for new Model S, Model X in China

BEIJING (Reuters) - Tesla Inc has raised prices for its new Model S and Model X vehicles in China by 19,000 yuan ($2,751), its website showed on Friday.

($1 = 6.9060 Chinese yuan renminbi)

(Reporting by Shanghai newsroom and Liz Lee; Editing by Christian Schmollinger)

Tesla (TSLA) reportedly using BYD batteries to build Model Y at Giga Berlin

According to a report by Teslamag.de, citing reliable sources, electric vehicle giant Tesla (NASDAQ: TSLA) has begun building a Model Y variant in Germany using batteries made by the Chinese company, BYD. With these purchases, BYD becomes the fourth battery supplier for Tesla, alongside Panasonic, LG Energy Solutions and CATL.

A Model Y without an additional designation has been in the Tesla configurator for Europe since last August. The new Model Y, like the Giga Texas Model Y All-Wheel-Drive, uses both front... More

Active options: TSLA AAPL SHOP AMD AMZN NVDA BAC UBER PACW QCOM PARA

Active options: TSLA AAPL SHOP AMD AMZN NVDA BAC UBER PACW QCOM PARA

'We are not setting up a joint venture', VW and Bosch cancel plans for battery cells

Bosch announced Thursday along with German carmaker, Volkswagen that the two companies have cancelled their plans to create a joint venture to equip battery cell factories.

The joint venture, announced at the beginning of 2022, was designed to deliver battery production systems, as well as assisting battery cell manufacturers... More

UAW holds off on endorsing Biden for 2nd term citing EV policies

United Auto Workers (UAW) President Shawn Fain said in a letter to members seen by Reuters Wednesday that the Detroit-based union has yet to endorse President Joe Biden for a second term, citing concerns about electric vehicle policies.

"The federal government is pouring billions into the electric vehicle transition, with no strings attached and no commitment to workers. The EV transition is at serious risk of becoming a race to the bottom. We want to see national leadership have our back on this before we make any commitments," Fain... More

Ford (F) CEO says EV price cuts are 'a worrying trend'

Ford (NYSE: F) CEO, Jim Farley told a Wall Street Journal forum on Wednesday that price cuts in the electric vehicle market "is a worrying trend".

Rival EV automaker Tesla (NASDAQ: TSLA) incited what others are... More

Apple's Steve Wozniak to CNN: buy a Tesla (TSLA) 'if you want a study of AI gone wrong'

Apple (NASDAQ: AAPL) co-founder Steve Wozniak spoke with CNN This Morning Tuesday when he offered some off-hand commentary on Teslas (NASDAQ: TSLA) Autopilot struggles.

When asked if the tech guru ever speaks to Tesla CEO Elon Musk, Wozniak said hed never met Musk but that he admires some of the things Musk has done for the world. However, he said much of those achievements... More

Active options: TSLA AMD NVDA AAPL AMZN UBER AMC FRCB SBUX F

Active options: TSLA AMD NVDA AAPL AMZN UBER AMC FRCB SBUX F

Tesla (TSLA) cuts price, resumes orders of long-range Model 3 in US

Teslas (NASDAQ: TSLA) website, late Tuesday, showed the EV automaker has resumed taking orders for its Model 3 long-range version in the United States following a temporary halt last year due to delivery backlogs.

The long-range version of the Model 3 is currently priced at... More

Tesla resumes U.S. orders for a Model 3 version at lower price, range

(Reuters) -Tesla Inc has resumed taking orders for its Model 3 long-range vehicle in the United States, the company's website showed late on Tuesday, after a temporary halt last year due to delivery backlogs.

The long-range version of the entry-level Model 3 is priced at $47,240 currently, about 18.5% less than the $57,990 it was priced at last August when Tesla halted taking orders in the United States and Canada.