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Swedish union offers pay to Tesla (TSLA) employees willing to join strike

Swedish trade union, IF Metall is offering Tesla (NASDAQ: TSLA) Sweden employees compensation to encourage their participation in the union's ongoing strike.

Entering its third week, the Tesla Sweden strike has garnered considerable backing from prominent national organizations. However, it has not yet gained substantial support from the individuals most impacted: Tesla... More

Tesla (TSLA) remains a 'Top Pick' at Morgan Stanley post UAW

Morgan Stanley reiterated Tesla (NASDAQ: TSLA) as one of their Top Picks with an Overweight rating, and a 12-month price target of $380.00, after the UAW made historic gains during labor contract negotiations with Detroits Big Three automakers.

Gains which saw to the revival of Cost of Living Adjustments (COLA) in the industry.

COLA was seen as a no fly zone for car companies heading into UAW negotiations. The indefinite nature of COLA introduces unpredictability into long-term labor inflation forecasts.

According to Ford, the UAW contract contributes an additional $850 to $900 per unit to the... More

Goldman Sachs sees Tesla (TSLA) as a potential leader in AI-related tech

(Updated - November 14, 2023 10:36 AM EST)

Goldman Sachs reiterated a Neutral rating on Tesla Inc. (NASDAQ: TSLA), with a 12-month price target on the EV stock of $235.00, as the company continues to develop its AI and Full Self-Driving (FSD) capabilities.

Investor interest in Tesla's AI potential has surged recently, drawing increased attention. This outlook has been a central focus for... More

Global EV sales show continued strength, China sees record numbers despite ending subsidy

Electric vehicle sales globally remain strong, as indicated by China's record-breaking monthly sales in October, despite the discontinuation of subsidies, according to Rho Motion, a market research firm.

Even as China terminated an 11-year subsidy program for EV purchases in 2022, certain local authorities have continued to provide support such as aid, tax rebates, and consumer subsidies to incentivize investments.

In September, EV sales in... More

Tesla (TSLA) raises prices for China-made Model 3 and Y

Tesla (NASDAQ: TSLA) announced on Chinese social-media platform Weibo, Tuesday, that the electric automaker will increase the prices on its Shanghai-manufactured Model 3 and Model Y cars.

According to the post, the price to purchase a Tesla Model 3 has been raised by 1,500 yuan (equivalent to US$206), marking a 0.6%... More

India invites bids for $960M battery production initiative

India 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

India 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

EG 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