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Autonomy is 'main driver' of Tesla (TSLA) value says Musk

Tesla (NASDAQ: TSLA) CEO Elon Musk attended Vivatech 2023 in Paris Friday where he revealed that his company is close to achieving fully autonomous vehicles, adding autonomy was the "main driver" of the brand's market value.

TSLA shares jumped by as much... More

Tesla (TSLA) China to offer time-limit insurance and loan incentives for Model 3

Tesla (NASDAQ: TSLA) China announced, via its official Sina Weibo account Friday, that the electric automaker is offering a limited-time incentive for the China-made Model 3.

The company announced that from June 16th to 30, customers who purchase and successfully take delivery of the... More

General Motors (GM) and Ford (F) executives comment on rebound of US consumer demand

Top executives from General Motors (NYSE: GM) and Ford Motors (NYSE: F) commented Thursday that new vehicle demand from U.S. retail and commercial customers is outpacing expectations.

Their comments highlight an optimistic report released by The U.S. Commerce Department indicating a surprising increase in retail sales for May as a growing number of Consumers are purchasing vehicles and various other goods.

"If the consumer remains at this strength, we could significantly outperform what we said" about full-year performance, General Motors Chief... More

Tesla (TSLA) to reduce shifts at German plant, says production targets are on track

Tesla (NASDAQ: TSLA) announced Thursday that it plans to hire fewer temporary workers at its plant near Berlin compared to the initial ramp-up phase. Additionally, the company will no longer schedule Saturday shifts. However, Tesla remains confident in its ability to meet the... More

RBC Capital examines Tesla’s (TSLA) FSD future, reiterates Outperform

RBC Capital Markets reiterated an Outperform rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the stock to $305.00 (From $212.00) as the automaker continues to work towards a fully autonomous electric vehicle.

Analyst Tom Narayan wrote in a note, We believe robotaxis (and autonomous vehicles in general) could potentially transform society more than anything else in our... More

Morgan Stanley remains bullish as Tesla (TSLA) prepares to welcome Ford and GM to charging network

Morgan Stanley reiterated an Overweight rating and $200.00 price target on Tesla (NASDAQ: TSLA) as the electric vehicle maker prepares to open charging stations to Ford (NYSE: F) and General Motors (NYSE: GM)... More

Tesla (TSLA) ends record-breaking rally at 13 consecutive days

Shares of TSLA ended trading Wednesday down 0.74%, ending Teslas (NASDAQ: TSLA) impressive 13-day winning streak. The 13-day rally saw the company gain an astounding 29.3% in share price. The companys previous streak of 11 days was attained in January 2021 and was matched on Friday.

The rally follows... More

Tesla (TSLA) gains momentum in China as registrations reach 16,400 in second week of June

Tesla (NASDAQ: TSLA) China appears to be gaining momentum in the largest domestic auto market in the world as industry trackers reveal Tesla insurance registrations have reached an impressive 16,400 units for the week ending June 11th, bringing the companys cumulative total of... More

Elon Musk encourages Toyota (TM) to join EV charging revolution, embrace NACS connector

Tesla (NASDAQ: TSLA) CEO Elon Musk suggested on Twitter Wednesday that he would welcome Toyota (NYSE: TM) into the coalition of automakers that have already adopted his companys charging connector, known as the North American Charging Standard (NACS).

Over the past several weeks, numerous automakers and charging companies have already committed to adopting the NACS connector.

The moves were started by Ford... More

Minister Barrot says he wants Tesla (TSLA) to build a Gigafactory in France

French digital minister, Jean-Noel Barrot expressed desires Wednesday for Tesla (NASDAQ: TSLA) to build a gigafactory in his country, as President Emmanuel Macron prepares to meet Tesla CEO Elon Musk for the second time in just over a month.

"It will be... More

Tesla (TSLA) curbs electric Semi production citing supply constraints

Tesla (NASDAQ: TSLA) CEO Elon Musk revealed Tuesday that the electric vehicle giant production of its Class 8 EV semi-truck would be scaled back, citing concerns about supply chain issues. Musk explained, at an energy conference in Austin, Texas, that due to limitations in battery supply, Tesla's plan to increase production of its electric semi will be postponed until late 2024. The first trucks were delivered in December 2022, five years... More