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Barclays remains sidelined on Tesla (TSLA), expects modest near-term Cybertruck volumes

Barclays reiterated a Neutral rating on Tesla (NASDAQ: TSLA) with a 12-month price target of $260.00 on the electric vehicle stock as the automaker prepares for the start of Cybertruck deliveries before the end of the year.

Barclays believes that the EV truck market is likely to remain niche for the foreseeable future, with the Detroit 3 (D3) maintaining a dominant position in the pickup market, including the EV truck segment. However,... More

Tesla (TSLA) to cut prices in Hong Kong

The Hong Kong Economic Times reports Monday that U.S. electric automaker, Tesla (NASDAQ: TSLA) will be cutting the prices of multiple variants of their Model 3 and Model Y vehicles in the country starting August 4th.

According to the report, the EV giant will implement... More

Tesla (TSLA) discussing market entry with India investment agency

According to Reuters' Friday report, based on information from "two individuals familiar with the situation," two high-ranking Tesla (NASDAQ: TSLA) executives engaged in discussions with officials from India's investment promotion arm in New Delhi regarding the company's potential entry into the Indian market.

U.S. EV giant has... More

Western OEMs look to cut costs in fight against Chinese EV 'invasion'

French car maker, Renault announced Thursday that the company was aiming to cut its EV production costs by 40%, as growing fears of an "invasion" of cheap Chinese electric cars threaten western automakers.

CFO, Thierry Pieton, expressed that the most effective strategy against price competition is to reduce the company's own development and manufacturing expenses.

Although the goal to decrease costs by 40% is aimed for 2027 and beyond, CEO Luca de Meo stated that the group anticipates considerably lower production costs starting from the latter half of this... More

GOP Senators challenge 'Buy America' waiver for EV charging stations

Four GOP U.S. senators, Wednesday, challenged a decision made by the Biden administration to exempt "Buy America" rules for government-backed electric vehicle charging stations.

Congress has set aside $7.5B to fund electric vehicle charging stations.

Senators Marco Rubio, Roger Marshall, Rick Scott, and Kevin Cramer argued that the Federal Highway Administration's permission to bypass U.S. content requisites for materials such as steel, iron, and construction resources would cause U.S. taxpayers to... More

Tesla (TSLA) suppressed thousands of range complaints using secret 'diversion team'

Reuters released a special report Thursday detailing an investigation into claims that Tesla (NASDAQ: TSLA) manipulated the dashboard displays in its electric vehicles to artificially enhance driving range projections. The report further explains the existence of a "Diversion Team" within the company to cancel range-related service appointments, leading to customer dissatisfaction and range anxiety.

According to the investigation, Tesla began exaggerating its vehicles potential driving distance about a decade ago. However, when the battery fell below 50%, the display would show drivers a more realistic projection of their remaining range.... More