Tesla shows interest in Sunrise New Energy's battery components
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Tesla (TSLA) achieves a breakthrough in affordable EVs
September 14, 2023 11:17 AM EDTReuters reports Thursday, citing unnamed sources, that electric automaker, Tesla (NASDAQ: TSLA) is on the verge of a major technological breakthrough that could change the way electric vehicles (EVs) are made.
According to the report, Tesla has integrated a range of innovations to achieve a technological milestone that has the potential to revolutionize its electric vehicle manufacturing process, aligning with Elon Musk's goal of reducing production expenses by half.
As per the unnamed... More
India to push for EV investments with new policy says minister Goyal
September 13, 2023 2:28 PM EDTIndian commerce minister, Piyush Goyal revealed Wednesday that the country is in the process of drafting a new policy aimed at enticing electric vehicle (EV) manufacturers and fostering increased investment in the industry.
This announcement coincides with ongoing discussions between the U.S.-based EV company Tesla (NASDAQ:... More
Tesla (TSLA) interested in Sunrise New Energy (EPOW) battery components
September 13, 2023 2:11 PM EDTShares of battery components company, Sunrise New Energy (NASDAQ: (EPOW) rose as much as 20% on Wednesday after the company revealed that they have received interest from electric vehicle maker Tesla Inc. (NASDAQ: TSLA) for its products.
Sunrise, through its joint venture,... More
UBS maintains Neutral rating on Tesla (TSLA); Initiates coverage on Rivian (RIVN)
September 13, 2023 12:37 PM EDTUBS Global reiterated a Neutral rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the EV stock to $290.00 (From $270.00). The adjustment comes in light of Tesla's ongoing strategy of leveraging its cost advantage and stimulating demand through price reductions.
UBS analyst, Joseph Spak believes this pricing strategy could potentially provide Tesla with a formidable competitive edge, allowing the company to expand its customer base. This approach may also create challenges for competitors grappling with higher operating costs. However, while this strategy has the potential to be a game-changer, it... More
