Palo Alto, Tesla, Nvidia rise premarket; Napco, Nikola fall

Tesla (TSLA) cuts production targets in Germany as output slows

A story by Business Insider Wednesday, citing internal documents and unnamed sources, reports that electric vehicle maker, Tesla (NASDAQ: TSLA) has decided to cut their production targets for their German facility to 4,350 a week in July and August after hitting 5,000 a week in March with plans to reduce it further.

In late March, the American EV maker shared a... More

Zeekr to engage investors as EV maker aims for $1B U.S. IPO

Reuters reports Wednesday, citing people with direct knowledge of the matter, that Zeekr, the premium electric vehicle branch of China's Geely, is planning to engage with international investors starting from the end of August. This effort aims to gauge interest in a $1 billion initial public offering (IPO) in the United States. Individuals familiar with the situation have provided this information.

According to two of the people, Zeekr aims for the... More

Texas EV owners prepare as additional fees kick in Sep. 1st

Texas electric vehicle owners are preparing for a rule change after state lawmakers approved a $200 annual fee added to their EVs registration charges.

Earlier this year, Texas lawmakers gave the green light to a fee that applies to all electric cars and trucks in the state. This fee, including a $400 charge for first-time registration, aims to fix what legislators pointed out as an... More

Tesla (TSLA) China registration numbers suggest a strong August showing

Recent estimates from industry watchers indicate that Teslas (NASDAQ: TSLA) China unit is in position to report impressive August numbers, with estimates showing the car maker receiving 13,900 insurance registrations in the week ending August 20. Less than 1% off their 2nd week numbers, which were estimated at 14,000.

Looking at Tesla's performance during the week of August 14-20, 2023, it seems that the company has achieved approximately 39,400 new... More

Tesla (TSLA) reveals May data breach was an inside job

Electric vehicle giant, Tesla (NASDAQ: TSLA) filed a data breach notification with Maines attorney general on Friday notifying authorities that an investigation into a data breach that occurred in May found that two employees were responsible for the incident.

According to the notification, the Insider wrongdoing when the two employees sent personally identifying information, including names, addresses, phone numbers, employment-related... More

Tesla (TSLA) Climbs 4.8%

Tesla (NASDAQ: TSLA) Climbs 4.8%

NVIDIA (NVDA) Climbs 4.6%, Session High

NVIDIA (NASDAQ: NVDA) Climbs 4.6%, Session High