Tesla (TSLA) to cut prices in Hong Kong

Tesla (TSLA) leases office space in India, sparking market entry speculation

On Wednesday, Punekarnews, an Indian news outlet, reported that Tesla (NASDAQ: TSLA), operating under its Indian subsidiary, Tesla India Motor & Energy, has recently secured a 5,850-square-foot space in Pune, India's Panchshil Business Park. This development has sparked further rumors and speculation about the all-electric automakers potential market entry into the country.

Tesla's acquisition of the office space signifies a significant step in its endeavor to establish... More

Tesla (TSLA) restarts Magic Dock installations in Texas

Tesla (NASDAQ: TSLA) recently resumed their Magic Dock technology in Texas. Constructing new Superchargers equipped with the Magic Dock connection, extending its availability to a third region.

A new set of Tesla Superchargers equipped with the Magic Dock was spotted near Fort Worth,... More

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

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

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

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

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

Don't discount Tesla and Rivian in the EV truck race - Barclays

Barclays analyst Dan Levy on the U.S. EV truck market: "With the long-awaited Cybertruck start of deliveries expected at some point before year-end, we find it timely to review what exactly should be made of TSLAs polarizing entry into the most lucrative segment in the U.S. auto... More

Tesla to cut prices on some Model 3, Model Y in HK -media

BEIJING (Reuters) - U.S. automaker Tesla is set to cut prices on multiple variants of its Model 3 and Model Y vehicles in Hong Kong from Aug. 4, Hong Kong Economic Times reported on Monday.

The discounts would range from 6% to 11.9%, according to the report.

(Reporting by Beijing Newsroom)

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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

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Tesla executives hold market entry talks with India investment agency -sources

By 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

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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

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