Tesla (TSLA) revamps referral program with a chance to win a free Cybertruck

Gov. Abbott signs annual EV tax bill into law

May 16, 2023 2:44 PM EDT

Texas Governor, Greg Abbot signed Senate Bill 505 into law over the weekend, requiring electric vehicle owners to pay $400 to register a new electric vehicle, on top of other fees. Renewing registration will cost $200.

The purpose of the fee is to guarantee that owners of electric vehicles contribute their fair portion towards highway expenses, typically funded by a 20 cent-per-gallon gas tax paid by owners of gasoline-powered and hybrid vehicles.

The bill passed a vote in the... More

Tesla (TSLA) Model 3 dominates reliability study, outperforming ICE counterparts

May 16, 2023 2:09 PM EDT

Teslas (NASDAQ: TSLA) participated in a new reliability study by the Allgemeiner Deutscher Automobil-Club (ADAC) in Germany where their electric Model 3 crushed its internal combustion engine (ICE) counterparts.

It should come as no surprise that electric vehicles (EVs) are generally more reliable than their fossil-fuel-powered counterparts, given their remarkable mechanical simplicity. The superiority of EVs in terms of reliability has been... More

Tesla (TSLA) seeks approval to expand Shanghai plant, add pouch battery cell production

May 16, 2023 8:32 AM EDT

Tesla (NASDAQ: TSLA) has applied for and is seeking regulatory approval to expand its Shanghai plant and begin producing for the first time pouch-type battery cells in limited quantity.

According to an undated public notice, the Shanghai Gigafactory could potentially expand its capacity to manufacture 1.75 million powertrain units per year, an increase from its current production capacity of 1.25 million units.

Its unclear from the notice, which was posted... More

Tesla (TSLA) introduces discounts for business and fleet buyers in Germany

May 16, 2023 7:43 AM EDT

Electric automaker, Tesla (NASDAQ: TSLA) announced Monday that they have implemented additional discounts for business customers in Germany, signaling the companys increasingly aggressive pricing strategy.

According to a company representative, fleet buyers can now take advantage of an extra 2,250 euro ($2,447) discount. This... More

Tesla (TSLA) faces another lawsuit over impact of software updates on EV batteries

May 15, 2023 10:38 AM EDT

Tesla (NASDAQ: TSLA) is again confronted with a class action lawsuit for limiting the battery capacity inside its vehicles through a software update. A group of U.S. Tesla Model S and Model X owners filed a proposed class-action lawsuit against the electric vehicle manufacturer on Friday claiming the companys automatic software updates allegedly resulted in reduced driving range or even battery... More

Soros exits Tesla (TSLA), reduces Rivian (RIVN) stake after 90% drop from peak

May 15, 2023 8:50 AM EDT

Soros Fund Management, the family office of George Soros, cut its holdings in Rivian Automotive (NASDAQ: RIVN) following the electric automakers 90% share decline from its intraday peak in November 2021. The billionaire also slashed its $16 million stake in Tesla (NASDAQ: TSLA), effectively eliminating their investment in the EV giant.

Soros purchased... More

Tesla's 'Unboxed Process': Revolutionizing auto manufacturing or a risky endeavor?

May 15, 2023 8:26 AM EDT

Tesla (NASDAQ: TSLA) introduced a new vehicle-assembly systemin March, sparking instant buzz and debate among industry specialists on whether the system, known as the "unboxed process," devised by CEO Elon Musk is a radical innovation, a visionary departure from traditional methods, a derivative concept, or a combination.

Musk believes the company needs to radically rethink conventional manufacturing methods in order to produce electric vehicles at larger volumes that are both more affordable and profitable.

Investors have eagerly anticipated the revelation of what many consider to be Tesla's holy grail: an electric... More

Tesla (TSLA) gains valuable endorsement for FSD in China

May 12, 2023 1:56 PM EDT

Electric vehicle giant, Tesla (NASDAQ: TSLA) has gained an important partner in their mission to promote their vehicles, as well as the companys full self-driving program in China.

The Shanghai Municipal Commission of Economy and Informatization (SMCEI) has effectively endorsed the company through a public commitment released by the SMCEI, which was subsequently reported initially... More

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May 12, 2023 12:30 PM EDT

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Elon Musk confirms Linda Yaccarino will be new CEO of Twitter

May 12, 2023 11:51 AM EDT

Elon Musk confirms Linda Yaccarino will be new CEO of Twitter

I am excited to welcome Linda... More

U.S. stocks were wobbling amid tepid consumer sentiment

May 12, 2023 11:41 AM EDT

Investing.com -- U.S. stocks were wobbling as investors digested data that showed inflation was cooling but sentiment was weaker than expected.

At 11:34 ET (15:34 GMT), the Dow Jones Industrial Average was down 80 points or 0.2%, while the S&P 500 was down 0.3% and the NASDAQ Composite was down 0.5%.

... More

Vague rumors Musk could also step down as Tesla CEO after Twitter CEO news

May 12, 2023 10:20 AM EDT

There is a vague rumor from cleantechnica.com that now that Elon Musk has stepped aside at Twitter, he also may step aside at Tesla (NASDAQ:... More

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May 12, 2023 9:51 AM EDT

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Tesla (TSLA) raises prices on Model S, X, and Y vehicles in the U.S.

May 12, 2023 9:33 AM EDT

Shares of Tesla (NASDAQ: TSLA) are up more than 2% in pre-market trading Friday after the electric vehicle giant increased the U.S. prices of its Model S, X, and Y electric vehicles by low single-digit percentages on Thursday, though prices are still considerably lower than at the beginning of the year.

The companys website showed raised prices... More

Tesla (TSLA) to recall 1.1M imported and China-made vehicles

May 12, 2023 9:23 AM EDT

Chinese regulators announced Friday they received a notification from Tesla (NASDAQ: TSLA) that the electric automaker will deploy software updates to more than 1 million vehicles to allow changes to braking methods and more warnings about the use of accelerator pedals.

According to... More

Musk nabs ex-NBCUniversal ad chief Yaccarino as new Twitter CEO

May 12, 2023 9:18 AM EDT

By Dawn Chmielewski and Sheila Dang

(Reuters) - Elon Musk has named former NBCUniversal advertising chief Linda Yaccarino as Twitter's new CEO, as the company tries to reverse a plunge in ad revenue.

Yaccarino will take over a social media platform beset with challenges and a heavy debt load, after she spent several years modernizing the advertising business at NBCUniversal, which is owned by Comcast Corp.

"I am excited to welcome Linda Yaccarino as the new CEO of Twitter!" Musk said in a tweet on Friday. "@LindaYacc will focus primarily on business operations, while I focus... More

NBCUniversal ad chief Linda Yaccarino to be Twitter CEO - Reports

May 12, 2023 9:06 AM EDT

NBCUniversal ad chief Linda Yaccarino to be Twitter CEO - Reports

... More

CPCA releases April NEV sales data, BYD leads holding 34.5% of the market

May 12, 2023 8:55 AM EDT

Sales of electric cars and plug-in hybrids in China fell slightly in April. According to data from the China Passenger Car Association (CPCA), 606.8k new energy vehicles (NEVs) were sold in April, a 2% drop from March. However, compared year-on-year, this marks an increase of 116%. Aprils NEV penetration rate reached 33.9%, a 2.9ppt jump over March and a 5.9ppt jump over last year.

A look at the manufacturers shows that BYD heads the list with 209.5k NEVs, a 99% increase over last years numbers, bringing... More

New Twitter CEO may free up Musk to steer Tesla through easing demand

May 12, 2023 8:42 AM EDT

By Akash Sriram

(Reuters) -Elon Musk's appointment of a new Twitter chief may free up the billionaire from a major distraction and allow him to focus more on Tesla Inc, analysts said on Friday.

Tesla shares, which have gained 40% this year, reversed course to trade down about 2% as broader markets fell. The stock had its worst year in 2022, losing 65%, amid Musk's on-again, off-again offer for Twitter.

Musk said on Friday NBCUniversal executive Linda... More

Tesla, PacWest and Icahn Enterprises rise premarket; Fox falls

May 12, 2023 8:21 AM EDT

Investing.com -- Stocks in focus in premarket trade on Friday, May 12th. Please refresh for updates.

Tesla (NASDAQ: TSLA) stock rose 2% after CEO Elon Musk tweeted on Thursday that he had... More

Dow futures rise 145 pts; Michigan sentiment data, Twitter news in focus

May 12, 2023 7:20 AM EDT

Investing.com -- U.S. stocks are seen opening higher Friday on growing optimism that the Federal Reserve may pause its monetary tightening campaign, although concerns about a potential recession remain, along with worries about the debt ceiling and the banking sector.

At 07:00 ET (11:00 GMT), the Dow Futures contract was up 145 points, or 0.4%, S&P 500 Futures traded 15 points, or 0.5%, higher and Nasdaq 100 Futures climbed 28 points, or 0.2%.

The blue-chip Dow Jones Industrial Average closed over 200 points, or 0.7%, lower Thursday, recording a fourth straight losing session, on renewed concerns about deposit outflows in the... More

Tesla (TSLA) adds to Thursday's gains on new Twitter CEO, EV price hike

May 12, 2023 6:38 AM EDT

Shares of Tesla (NASDAQ: TSLA) added 1.5% in pre-open trading Friday after news Elon Musk is naming a new CEO to Twitter and as the company lifted prices slightly in the U.S. on all models:

On Thursday afternoon,... More

Tesla raises US prices for all its vehicles except Model 3

May 11, 2023 11:01 PM EDT

By Shivani Tanna and Shubham Kalia

(Reuters) -Tesla Inc increased the U.S. prices of its Model S, X, and Y electric vehicles by low single-digit percentages on Thursday, though prices were still considerably lower than at the beginning of the year.

The company raised the prices for all variants of its higher-priced Model S and X vehicles by $1,000, while prices of all Model Y variants increased by $250, its website showed.

These... More

NBCuniversal's Linda Yaccarino In Talks To Be Twitter CEO - WSJ

May 11, 2023 7:32 PM EDT

NBCuniversal's Linda Yaccarino In Talks To Be Twitter CEO - WSJ

Earlier, Twitter owner Elon Musk said the company will be getting a new CEO.Shares of Tesla rose 2% following the news as Musk can turn more of his attention back toward the EV maker.... More

NBCUniversal's Linda Yaccarino in talks to become new Twitter CEO - WSJ

May 11, 2023 4:03 PM EDT

(Updated - May 12, 2023 5:27 AM EDT)

Elon Musk said X/Twitter should have a new CEO soon and added that the person should start in approximately 6 weeks. Musk added that his role will transition to the executive chair and CTO, overseeing product, software, and sysops.

The Wall Street Journal... More

Tesla (TSLA) jumps 2% on news of new Twitter CEO

May 11, 2023 3:59 PM EDT

(Updated - May 11, 2023 4:01 PM EDT)

Tesla (NASDAQ: TSLA) jumps 2.3% into the close as Elon Musk said he has found a new CEO for Twitter:

"Excited to announce that Ive a new CEO for X/Twitter" - Elon MuskTwitter drama has been an overhang on Tesla shares.

... More

Elon Musk says he has found new Twitter CEO

May 11, 2023 3:51 PM EDT

By Chavi Mehta, Sheila Dang and Dawn Chmielewski

(Reuters) - Elon Musk said on Thursday he has found a new chief executive for Twitter, but did not name the person, while the Wall Street Journal reported that Comcast NBCUniversal executive Linda Yaccarino was in talks for the job.

Musk said in a tweet: "Excited to announce that I've hired a new CEO for X/Twitter. She will be starting in ~6 weeks!"

Musk said he will transition to the role of chief technology officer of the social media platform within the next few weeks.

... More

Excited to announce that I’ve a new CEO for X/Twitter - Elon Musk

May 11, 2023 3:45 PM EDT

Excited to announce that Ive a new CEO for X/Twitter - Elon Musk

Excited to announce that Ive a new CEO for X/Twitter. She will be starting in ~6 weeks!

My role will transition to being exec chair & CTO, overseeing product, software & sysops.

Elon Musk (@elonmusk) May 11, 2023

... More

Musk teases 'Major update coming' for Tesla (TSLA) smart summon feature

May 11, 2023 2:30 PM EDT

Elon Musk, the CEO of Tesla (NASDAQ: TSLA), known for his direct engagement on Twitter, responded to a post by @TeslaownerSV on Thursday, hinting at a significant update on the company's smart summon feature saying, that there is a Major update... More

Tesla (TSLA) shouldn’t call driving system Autopilot because humans are still in control, Buttigieg says - AP

May 11, 2023 11:05 AM EDT

Tesla (NASDAQ: TSLA) shouldnt call driving system Autopilot because humans are still in control, Buttigieg says - AP

... More

Polestar (PSNY) slashes production guidance and announces job cuts

May 11, 2023 10:00 AM EDT

Swedish electric automaker, Polestar Automotive (NASDAQ: PSNY) on Thursday lowered its 2023 production guidance and announced that the company would cut headcount by 10%, citing a delayed production start for its Polestar 3 and a challenging environment for the industry.

The electric vehicle company now expects to produce between 60,000 and 70,000 cars this year, versus... More

Robinhood (HOOD) Confirms 24 Hour Market Debut

May 10, 2023 4:51 PM EDT

Robinhood (NASDAQ: HOOD) confirmed it will debut a 24 Hour Market, allowing investors to place limit orders to buy whole shares of 43 of the most traded ETFs and individual stocks - like Tesla (NASDAQ: TSLA), Apple (NASDAQ: AAPL), and Amazon (NASDAQ: AMZN). The brokerage's 24 Hour market starts next week for a subset of customers and will be available to everyone in June.

From Robinhood:

The world never stops, so why should investing be any... More

Tesla (TSLA) cuts Supercharging prices in Europe

May 10, 2023 3:11 PM EDT

Tesla (NASDAQ: TSLA) has cut Supercharger prices across most markets in Europe, decreasing fees by over ten percent as energy prices are stabilizing downward following the crisis.

In Europe, there have been major swings in electricity rates over the last year due to the war in Ukraine. Tesla had to adjust... More

Panasonic delays production of new Tesla battery to improve performance

May 10, 2023 2:46 PM EDT

By Hyunjoo Jin and Kiyoshi Takenaka

SAN FRANCISCO/TOKYO (Reuters) - Panasonic said on Wednesday that it will delay the commercial production of its 4680 battery cells championed by Tesla CEO Elon Musk and begin operations during the April to September period in 2024, later than previously scheduled, as the company aims to improve their performance. 

Tesla's Japanese supplier, Panasonic, previously planned to start volume production for Tesla between April 2023 to March 2024.

"Mass... More

BYD cuts starting price for Seal EV in bid to extend market lead over Tesla (TSLA)

May 10, 2023 2:07 PM EDT

Chinese automaker BYD Co cut the starting price of its best-selling Seal sedan by 10% on Wednesday as the electric vehicle maker aims to extend its lead in the world's largest auto market.

The new price for the vehicle is now 18% cheaper than the rear-wheel drive Model 3 made by the companys closest competitor, Tesla (NASDAQ: TSLA).

China's EV market is in the midst of a price war started by Tesla earlier this year, with several EV... More

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May 10, 2023 12:58 PM EDT

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Tesla (TSLA) option IV near low end of range

May 10, 2023 10:33 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 44; compared to its 52-week range of 45 to 96.

... More

Active options: TSLA AMZN NVDA AAPL AMD PLTR UPST ABNB PYPL

May 10, 2023 9:53 AM EDT

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Tesla (TSLA) achieves 5,000-unit weekly production milestone for Model Y

May 10, 2023 8:53 AM EDT

Electric vehicle giant, Tesla (NASDAQ: TSLA) said Tuesday that the automakers Texas facility has reached a 5,000-unit weekly production rate for its Model Y, equating to a roughly 260,000 vehicles annually.

The popularity of Tesla's Model Y has surpassed that of its sibling, the... More

Lithium chemical firms Allkem and Livent to merge to create $10.6 billion group

May 10, 2023 8:13 AM EDT

Investing.com -- Lithium chemical groups Allkem Ltd (ASX: AKE) and Livent Corp (NYSE: LTHM) have announced plans to merge in an all-stock deal that would create a combined entity valued at $10.6 billion.

In a... More

Tesla (TSLA) option implied volatility

May 10, 2023 2:55 AM EDT

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 46; compared to its 52-week range of 45 to 96.

... More

Active options: PLTR TSLA AMD PYPL AAPL NVDA AMZN GOOGL AFRM

May 10, 2023 2:35 AM EDT

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