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Musk denies WSJ report on potential Tesla (TSLA) factory in Saudi Arabia
September 18, 2023 2:08 PM EDTTesla CEO Elon Musk took to his social media platform X to deny a recent report from The Wall Street Journal which suggested that his electric vehicle company, Tesla (NASDAQ: TSLA) and the kingdom of Saudi Arabia are in early discussions for a potential factory in the country. In the post, Musk noted that the report was another utterly false article from the... More
Will the EU postpone Brexit tariffs on EVs?
September 18, 2023 1:45 PM EDTThe European Union is hesitant to grant Britain's request for a postponement of impending tariffs on electric vehicle sales, as indicated by the United Kingdom's automotive industry association on Monday. Despite this, car manufacturers maintain a positive outlook, believing that a delay in implementing these tariffs can still be negotiated.
As per the terms of the Brexit trade agreement, starting in January, the... More
Goldman Sachs cuts estimates on Tesla (TSLA) following demand analysis
September 18, 2023 8:24 AM EDTConsidering the persistent attention from investors on the broader economic context and the demand for electric vehicles, Goldman Sachs conducted an analysis of the most recent indicators related to automotive demand.
The findings revealed that year-to-date sales have shown year-on-year growth across all three regions.
Year-to-date, sales in the United States have surged by 14% compared to the previous year, and in August, they experienced a remarkable 17% year-on-year increase. Meanwhile, in Europe, sales... More
Tesla (TSLA) in early talks to enter Saudi Arabia
September 18, 2023 7:15 AM EDTThe Wall Street Journal reports Monday morning, citing unnamed sources, that electric vehicle giant, Tesla (NASDAQ: TSLA) has entered talks with Saudi Arabia about setting up a manufacturing facility in the country.
The discussions are in their initial phases and any potential agreement might face significant challenges due to the tense association between Tesla's CEO, Elon Musk, and the Saudi officials, as well as the kingdom's current collaboration with... More
Tesla (TSLA) in early talks to enter Saudi Arabia
September 18, 2023 7:15 AM EDTThe Wall Street Journal reports Monday morning, citing unnamed sources, that electric vehicle giant, Tesla (NASDAQ: TSLA) has entered talks with Saudi Arabia about setting up a manufacturing facility in the country.
The discussions are in their initial phases and any potential agreement might face significant challenges due to the tense association between Tesla's CEO, Elon Musk, and the Saudi officials, as well as the kingdom's current collaboration with... More
