Tesla (TSLA) appoints Vaibhav Taneja as new CFO

UK parliament opens probe into EV transition

Britains parliament revealed Wednesday that the upper house is launching an inquiry into the countrys approach to phasing out fossil fuels and transitioning the public towards electric vehicles. The inquiry will also cover charging infrastructure and end-of-life disposal of EVs.

The U.K. is set to completely ban the sale of new internal combustion vehicles by 2030, with hybrids being phased out by 2035 in favor of fully... More

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Active options: TSLA AAPL PLTR AMZN NVDA AMD AMC NKLA PYPL NIO

Tesla (TSLA) names Vaibhav Taneja CFO, succeeding Zachary Kirkhorn who stepped down

Tesla (NASDAQ: TSLA) said as of of August 4, 2023 it appointed Vaibhav Taneja as Chief Financial Officer in addition to his current role as Chief Accounting Officer, to succeed Zachary Kirkhorn. Mr. Kirkhorn stepped down as of August 4, after a thirteen-year tenure with... More

Lucid (LCID) slashes prices of Air Sedan as competition heats up

American luxury electric automaker, Lucid Motors (NASDAQ: LCID) announced over the weekend, significant price reductions of their Air luxury sedans by as much as $12,400. The cuts come in response to the increasing competition within the U.S. electric vehicle (EV) industry, triggered by a price war initiated by Tesla (NASDAQ: TSLA).

Specifically, Lucid Motors reduced the price of the Air Pure variant by... More

Tesla (TSLA) China recalls Model S and Model X

Teslas (NASDAQ: TSLA) China unit has initiated a recall of 271 of their Model S and Model X units sue to issues effecting the vehicles seat belts and cameras.

The recall affects 234 Model S and Model X vehicles manufactured between February 5 and May 16, 2023. The reason for the recall is due to a problem during the production or after-sale service, where the first-row seat belts and pretensioners were disassembled and not properly... More

Tesla (TSLA) option implied volatility near low end of range

Tesla (NASDAQ: TSLA) 30-day option implied volatility is at 44; compared to its 52-week range of 42 to 96.

Tesla (TSLA) discusses plans with India's commerce Minister

Reuters reports Thursday, citing two unnamed sources, that Tesla (NASDAQ: TSLA) executives met with India's Commerce Minister, Piyush Goyal last week to discuss the carmaker's plans to establish a manufacturing plant in the country.

Tesla and Goyal discussed the company's plans during the meeting, said the... More

California Tesla (TSLA) owners file class action over false EV range claims

Three Tesla (NASDAQ: TSLA) owners from California filed a proposed class action lawsuit against the automaker Wednesday. The legal complaint alleges that Tesla engaged in false advertising of the estimated driving ranges of its electric vehicles.

The lawsuit, filed in the U.S. District Court for the Northern District of California, references a recent Reuters article outlining how Tesla allegedly formed a "Diversion Team" in Nevada to handle the overwhelming... More