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

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

November 14, 2023 1:53 PM EST

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

November 14, 2023 11:30 AM EST

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

November 14, 2023 10:20 AM EST

(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

November 14, 2023 9:03 AM EST

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 is well positioned to be a leader in AI related technologies - Goldman

November 14, 2023 4:24 AM EST

Goldman Sachs analyst Mark Delaney reiterated a Neutral rating and $235.00 price target on Tesla (NASDAQ: TSLA).

The analyst commented: "Teslas opportunity from AI has recently received increased interest from investors, and its been a focus of the company for several years (recall Tesla held one AI day in August 2021 and another... More

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

November 14, 2023 12:07 AM EST

(Reuters) - Electric-vehicle sales are seeing continued strength globally with China reporting record monthly sales in October despite the end of subsidies, according to market research firm Rho Motion.

China ended an 11-year subsidy scheme for EV purchases in 2022, but some local authorities have continued to offer aid or tax rebates to attract investments as well as subsidies for consumers.

EV sales in China, the world's largest auto market, increased 29% year-to-date in September. The... More

Tesla to double its components imports from India - Trade Minister

November 13, 2023 10:44 PM EST

BENGALURU (Reuters) -U.S. electric car maker Tesla Inc is planning to double the number of components it imports from India, Indian trade minister Piyush Goyal said on Tuesday through a post on social media platform X.

"Proud to see the growing importance of Auto component suppliers from... More

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November 13, 2023 9:58 AM EST

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India invites bids for $960M battery production initiative

November 13, 2023 9:54 AM EST

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

November 13, 2023 9:23 AM EST

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

November 13, 2023 8:57 AM EST

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

Tesla (TSLA) Rises 1.4% As India Weighs Tax Cuts On EV Imports - Bloomberg

November 13, 2023 8:21 AM EST

Tesla (NASDAQ: TSLA) Rises 1.4% As India Weighs Tax Cuts On EV Imports - Bloomberg

India Said To Consider 5-yr Tax Cuts On Fully-built EV ImportsIndia Tax Cut On EV Imports Aim To Attract Makers Such As Tesla... More

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November 10, 2023 2:16 PM EST

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SAIC-GM partner with Tesla (TSLA) for supercharger access in China

November 10, 2023 2:15 PM EST

SAIC-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 EST

Billionaire 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

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November 10, 2023 9:45 AM EST

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