Tesla (TSLA) suppressed thousands of range complaints using secret 'diversion team'
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Barclays remains sidelined on Tesla (TSLA), expects modest near-term Cybertruck volumes
July 31, 2023 10:18 AM EDTBarclays 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
July 31, 2023 9:24 AM EDTThe 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
July 28, 2023 11:44 AM EDTAccording 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'
July 27, 2023 2:31 PM EDTFrench 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
July 27, 2023 1:50 PM EDTFour 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
Active options: TSLA META AMZN AAPL NVDA GOOGL MSFT AMD
July 27, 2023 9:53 AM EDTActive options: TSLA META AMZN AAPL NVDA GOOGL MSFT AMD
... MoreTesla (TSLA) under investigation by California attorney general over Autopilot safety, marketing - CNBC
July 26, 2023 3:56 PM EDTTesla (NASDAQ: TSLA) under investigation by California attorney general over Autopilot safety, marketing - CNBC
... MoreActive options: TSLA MSFT GOOGL AMZN NIO NVDA SNAP
July 26, 2023 2:37 PM EDTActive options: TSLA MSFT GOOGL AMZN NIO NVDA SNAP
... MoreTesla (TSLA) EVs deemed security threat, barred from China's University Games
July 26, 2023 2:23 PM EDTChinas Summer World University Games are set to begin on August 8th. However, as important Chinese figures such as President Xi Jinping are set to attend, Tesla vehicles are being turned away.
According to several reports, Tesla vehicles are barred from the event as a security measure. Officials are being told by authorities in Chengdu to block Tesla vehicles in... More
Tesla (TSLA) recalls 1,337 vehicles for misaligned cameras
July 26, 2023 1:35 PM EDTTesla (NASDAQ: TSLA) has launched a recall for 1,337 2023 Model S, Model X, and Model Y vehicles due to a possible misalignment in the pitch angle of the vehicles' front-facing cameras. The specifics of this recall were outlined in a Safety Recall Report issued by the National Highway Traffic Safety Administration (NHTSA).
According to the Safety Recall... More
Tesla (TSLA) margins hurt the EV maker says Stellantis (STLA) CEO: 'They are entering my world, the world of tight pricing'
July 26, 2023 1:20 PM EDTStellantis (NYSE: STLA) CEO, Carlos Tavares spoke during the automakers 2Q earnings call, saying the profitability of rival automaker, Tesla (NASDAQ: TSLA) is declining as the EV giant enters the world of manufacturing and competition.
"They are entering my world, the world of tight pricing, cost competitiveness,... More
Major automakers unite to form new EV charging company in the US
July 26, 2023 11:30 AM EDTA group of major automakers, including General Motors (NYSE: GM), Stellantis (NYSE: STLA), Hyundai and its Kia affiliate, Honda (NYSE: HMC), BMW and Mercedes Benz, announced Wednesday that they are forming a new company to provide electric vehicle charging in the United States.
The new charging company... More
Automakers Plan Thousands Of EV Chargers In $1B US Push - WSJ
July 26, 2023 9:59 AM EDTAutomakers Plan Thousands Of EV Chargers In $1B US Push - WSJ
... MoreSeven Car Companies Jointly Investing in EV Charging Stations, Sources Say - WSJ
July 26, 2023 9:58 AM EDTSeven Car Companies Jointly Investing in EV Charging Stations, Sources Say - WSJ
Automaker Investments into Charging JV Total at Least $1 Billion, Sources Say - WSJ... MoreStellantis shares move higher after carmaker posts record sales
July 26, 2023 8:03 AM EDTInvesting.com -- Milan-listed shares in Stellantis NV (BIT: STLAM) rose on Wednesday after the U.S.-European carmaking giant posted record first-half sales thanks in part to strong demand for its electric vehicles.
The maker of popular car models like Jeep and Alfa Romeo reported net... More
Active options: TSLA AMC MSFT NVDA AAPL GOOGL SNAP AMZN
July 25, 2023 4:01 PM EDTActive options: TSLA AMC MSFT NVDA AAPL GOOGL SNAP AMZN
... MoreElon Musk to appeal loss in SEC case to Supreme Court
July 25, 2023 10:03 AM EDTBy Jonathan Stempel
NEW YORK (Reuters) - Elon Musk plans to ask the U.S. Supreme Court to consider whether the Securities and Exchange Commission overstepped its authority in enforcing a consent decree that he has called a "muzzle" on his free speech.
Musk would be appealing a decision by the 2nd U.S. Circuit of Appeals in Manhattan to uphold the decree, which arose from his August 2018 tweet that he had "funding secured" to take his electric car company Tesla private.
A three-judge panel... More
Active options: TSLA NIO NVDA AMC AAPL MSFT BABA AMD GM
July 25, 2023 9:58 AM EDTActive options: TSLA NIO NVDA AMC AAPL MSFT BABA AMD GM
... MoreActive options: AMC TSLA AAPL NVDA AMZN NIO BABA AMD
July 25, 2023 4:46 AM EDTActive options: AMC TSLA AAPL NVDA AMZN NIO BABA AMD
... More