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Elon Musk suggests Cybertruck impact may not be felt until 2025

Elon Musk, the CEO of Tesla, detailed his projections regarding the impact of the Tesla (NASDAQ: TSLA) Cybertruck on the company's financial outlook.

After four years since its initial unveiling, Tesla managed to begin deliveries of the Cybertruck last week, albeit in limited quantities.

With just a few units delivered, Tesla continues to strive towards optimizing its production methods for the Cybertruck. Achieving... More

Deutsche Bank Defending Marvell (MRVL), 'Wireless worries overblown'

Deutsche Bank analyst Ross Seymore reiterated a Buy rating and $67.00 price target on Marvell (NASDAQ: MRVL).

The analyst comments "Nokia recently confirmed that it would be losing market share in its business with AT&T as that customer moves to rival... More

China releases safety guidelines for autonomous public vehicles

China released safety protocols on Tuesday governing the deployment of self-driving vehicles in public transportation, marking another step in readiness for the growing integration of autonomous cars.

The guidelines cover self-driving vehicles designated for transporting passengers, such as taxis, and those involved in freight transportation, as highlighted by the Ministry of Transport's official statement.

They specifically address... More

Tesla (TSLA) faces union opposition in Denmark

The largest union in Denmark has pledged its backing to Swedish mechanics engaged in a strike against Tesla.

Members of the Danish 3F union, including harbor workers and drivers, intend to halt the unloading of vehicles bound for Sweden at Danish ports and cease transporting them to Sweden for approximately two weeks. This move aims to impede Tesla from bypassing a blockade in Sweden that has persisted... More

Tesla (TSLA) China sales fall nearly 18% in November

Sales of Teslas (NASDAQ: TSLA) Chinese made electric vehicles dropped by 17.8% in November compared to the previous year, reaching 82,432 cars, according to data from the China Passenger Car Association (CPCA) released on Monday.

This decline represents the most significant drop since December 2022, when Tesla experienced a 21% decrease following a reduced output and slashed pricing in response to an increase in inventory and a decrease in consumer demand.

However, deliveries of China-manufactured Model 3 and Model Y... More

Evercore ISI downgrades Fisker (FSR) to In-Line

Evercore downgraded Fisler Inc. (NYSE: FSR) to an In-Line rating (from Outperform) with a 12-month price target or $2.00 on the stock after the electric auto maker reduced their production forecasts from 13-17K units down to 10k units.

Evercore analysts believe that Fiskers upcoming... More

CFRA Comments on Tesla (TSLA) Cybertruck: 'acceptable margin on the vehicle'

CFRA analyst Garrett Nelson reiterated a Buy rating and $300.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "We maintain a 12-month target of $300, based on a '25 P/E of 48x, justified by long-term growth expectations. Our estimates are unchanged. TSLA... More

Fisker (FSR) releases business update, prioritizing deliveries and advancing partnership discussions

Fisker Inc. (NYSE: FSR) announced Friday that the electric car maker has implemented a new strategy aimed at optimizing deliveries in the US and Europe, overcoming early logistics hurdles and sustaining an increasing pace of deliveries.

On Thursday, Nov. 30, Fisker had 123 vehicles either delivered or in transit to customers.

Our teams have worked hard to overcome some early delivery challenges and are now setting an impressive pace as we prepare to close out 2023, said CEO Henrik Fisker.

This is yielding considerable revenue as we ramp up our business. I... More