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U.S. opens investigation into 280k Tesla (TSLA) EVs over loss of steering control

August 1, 2023 12:03 PM EDT

The National Highway Traffic Administration revealed Tuesday that the U.S. regulatory agency has opened as investigation into 280,000 new Tesla (NASDAQ: TSLA) Model 3 and Model Y vehicles after receiving 12 complaints over loss of steering control and power steering.

Back in June, a driver from Alpharetta, Georgia reported that she was driving her two-week-old Tesla Model Y out of a shopping center when "suddenly steering wheel did not steer. It was hard and saw the alert. Went to very close to opposite side of traffic and some how made... More

Tesla (TSLA) seeking $100M for Texas to California truck charging network

August 1, 2023 11:05 AM EDT

According to emails viewed by Bloomberg News, EV giant, Tesla (NASDAQ: TSLA) is aiming to secure approximately $100 million in federal funds to construct nine electric semi-truck charging stations reaching from the southern border of Texas to northern California.

The company proposed in the emails that each charging unit be equipped with eight 750-kilowatt chargers for Tesla Semi... More

Morgan Stanley remains sidelined on Tesla (TSLA) as intern survey shows decline in desirability

August 1, 2023 8:53 AM EDT

Morgan Stanley reiterated an Equal-weight rating on Tesla (NASDAQ: TSLA) with a 12-month price target of $250.00 following their Annual Intern Survey.

Morgan Stanley conducted their 5th Annual Intern Survey of ~575 Morgan Stanley N. American summer interns, providing a window into the... More

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

July 31, 2023 10:18 AM EDT

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

July 31, 2023 9:24 AM EDT

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

July 28, 2023 11:44 AM EDT

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