HSBC starts Tesla stock coverage at Sell, sees 35% downside risk; Shares dip
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India invites bids for $960M battery production initiative
November 13, 2023 9:54 AM ESTIndia is launching a bidding process for an 80 billion rupees ($960 million) incentive initiative aimed at fostering the production of electric vehicle batteries, according to insiders familiar with the matter.
The initiative mandates successful bidders to establish cutting-edge chemistry battery plants capable of generating a combined output of 20 gigawatt hours.
The government will... More
India considers 5yr tax cuts for imported EVs
November 13, 2023 9:23 AM ESTIndia is contemplating a reduction in taxes for imported fully assembled electric vehicles for a duration of up to five years. This move is aimed at attracting companies like Tesla Inc. (NASDAQ: TSLA) to market and, in the future, manufacture their electric cars within the country.
According to a Bloomberg report, citing unnamed sources, the Indian government is actively formulating an EV policy that... More
Britain's EG Group to acquire 20K Tesla chargers
November 13, 2023 8:57 AM ESTEG Group announced Monday that the British gas station operator will acquire Tesla (NASDAQ: TSLA) ultra-fast charging units in a move aimed at enhancing electric vehicle charging throughout Europe, and aligning with Tesla's efforts to broaden its charging business.
EG Group, under the ownership of... More
SAIC-GM partner with Tesla (TSLA) for supercharger access in China
November 10, 2023 2:15 PM ESTSAIC-GM, a joint venture between SAIC Motor and General Motors (NYSE: GM), announced its plans to join forces with Tesla (NASDAQ: TSLA) for access to the EV automakers Supercharger Network by the close of 2023.
This groundbreaking collaboration positions SAIC-GM as the first... More
Tesla (TSLA) 'can't possibly be matched' billionaire investor Ron Baron tells CNBC
November 10, 2023 9:47 AM ESTBillionaire investor Ron Baron told CNBC on Friday that he is sticking with his long-time position in electric car giant Tesla (NASDAQ: TSLA), alongside CEO Elon Musk's leadership, due to his cost-consciousness.
Baron said in an interview with CNBC's "Squawk Box" that... More
Tesla (TSLA) raises price of Model 3, Y variants in China
November 9, 2023 9:29 AM ESTTesla (NASDAQ: TSLA) China announced on Thursday a slight price adjustment for its Model 3 and Model Y Long Range variants.
The Model 3 Long Range received a RMB 1,500 ($206) price increase, now starting at RMB 297,400 ($40,819), while the Model Y Long Range saw a price adjustment of RMB 2,500... More
Tesla (TSLA) recalls Model X,S due to improper airbags
November 9, 2023 8:22 AM ESTAccording to a notice by the National Highway Traffic Safety Administration on Thursday, electric vehicle maker, Tesla (NASDAQ: TSLA) is recalling 159 Model S and Model X cars due to an issue concerning the vehicles airbag systems.
According to the notice, the... More
