Global EV sales stay strong, China hits record despite end of subsidies

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

Rivian (RIVN) to borrow nearly $15B for Georgia EV plant

(Updated - November 14, 2023 12:12 PM EST)

(Correction Article has been updated to correct specifics related to bond issuance and payment clarification)

Rivian Automotive (NASDAQ: RIVN) revealed Monday that the Joint Development Authority (JDA) of Jasper, Morgan, Newton & Walton Counties will issue what is known as phantom bonds to assist electric vehicle maker, Rivian (NASDAQ: RIVN) in the construction of a manufacturing plant in the state.

As there is currently no law in Georgia to allow for municipalities to provide... 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