Tesla (TSLA) discussing market entry with India investment agency
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U.S. opens investigation into 280k Tesla (TSLA) EVs over loss of steering control
August 1, 2023 12:03 PM EDTThe 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 EDTAccording 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 EDTMorgan 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 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
Active options: TSLA NVDA BABA INTC AAPL META F MSFT
July 28, 2023 10:28 AM EDTActive options: TSLA NVDA BABA INTC AAPL META F MSFT
... MoreTesla executives hold market entry talks with India investment agency -sources
July 28, 2023 10:10 AM EDTBy Aditya Kalra and Shivangi Acharya
NEW DELHI (Reuters) - Two senior Tesla executives discussed the company's plans to enter India with officials from the country's investment promotion arm in New Delhi, two people with direct knowledge of the matter said, the latest in a series of high-level talks.
The U.S. carmaker has expressed an interest in building a factory in India that would produce a low-cost electric vehicle (EV) priced at $24,000,... More
Active options: TSLA META NVDA AAPL AMZN MSFT AMD
July 28, 2023 5:16 AM EDTActive options: TSLA META NVDA AAPL AMZN MSFT AMD
... MoreActive options: TSLA META NVDA AAPL AMZN MSFT AMD GOOGL AMC
July 27, 2023 3:01 PM EDTActive options: TSLA META NVDA AAPL AMZN MSFT AMD GOOGL AMC
... MoreWestern 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
Tesla (TSLA) suppressed thousands of range complaints using secret 'diversion team'
July 27, 2023 11:09 AM EDTReuters 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
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
