Tesla to lose $7,500 consumer tax credits for some Model 3 vehicles

Dutch regulators say no Tesla (TSLA) recall planned in Europe

The Dutch vehicle authority RDW announced Friday that there are no immediate plans for a Tesla (NASDAQ: TSLA) recall in Europe, despite a recent 2 Million unit recall in the United States over worries regarding their Autopilot driver assistance systems.

RDW, responsible for safety approval of Teslas in Europe, highlighted variations in... More

Nio (NIO) to bring Firefly brand to Europe in 2025

Lihong Qin, the president of Chinese electric vehicle (EV) maker, Nio (NYSE: NIO) announced Friday that the company plans to launch its cheaper Firefly brand in Europe in 2025.

During an online press conference, Qin mentioned that both Firefly and Alps brands will cater to family-oriented car models, with Firefly focusing on... More

Morgan Stanley remains bullish on Tesla (TSLA) following 2M unit recall

Morgan Stanley reiterated an Overweight rating on Top Pick Tesla (NASDAQ: TSLA) with a 12-month price target of $380.00 on the stock after the electric automaker was forced to recall over 2 million vehicles to address a faulty autopilot system.

Morgan Stanley analysts wrote in a note, In our opinion the essential tech is good. The in situ alerts and product marketing were overdue for tweaking. Tesla is still leading on edge... More

Morgan Stanley Out Positive on Tesla (TSLA)

Morgan Stanley analyst Adam Jonas reiterated an Overweight rating and $380.00 price target on Tesla (NASDAQ: TSLA)

The analyst comments "We believe that Tesla offers compelling long-term FCF growth potential. From a FY23 base, we forecast Tesla EPS grows at a 27% CAGR through... More

French EV subsidy change challenges China-made market

France, on Thursday, released a list of cars indicating which vehicles qualify for the countrys newly updated regulations. The new updates cover consumer incentives for buying electric cars, prioritizing vehicles manufactured in France and Europe over those produced in China.

Approximately 65% of electric cars sold in France will meet the requirements outlined in the scheme. Starting Friday, the updated criteria will also consider the quantity of carbon emissions during the manufacturing process of an electric vehicle.

Among the qualifying models listed, 24 are manufactured by the Franco-Italian group Stellantis (NYSE:... More

Nordic investors send letter urging Tesla (TSLA) to end labor dispute

A group of Nordic institutional investors Thursday sent a letter to electric vehicle maker Tesla (NASDAQ: TSLA) expressing their deep concern regarding the ongoing dispute between the company and labor unions in Sweden. The investors urged Tesla to reassess its stance on collective bargaining, citing concerns over the conflict.

Tesla has encountered criticism from unions and certain pension... More

Deutsche Bank cuts estimates on Tesla (TSLA) ahead of 4Q results

Deutsche Bank reiterated a Buy rating on Tesla (NASDAQ: TSLA) but trimmed their 12-month price target on the electric vehicle stock to $260.00 (From $275.00) ahead of the companys 4Q earnings and delivery reports.

Analysts at Deutsche Bank are expecting Tesla to report 4Q23 delivery results near their 476k unit estimate. If achieved, the automaker will have reached 1.8m units for the year as it guided.

However, analysts are still... More

Tesla (TSLA) cuts wait times in China

Tesla's (NASDAQ: TSLA) Model 3 sedan and Model Y crossover are now experiencing reduced wait times in China, The first adjustment in wait times since November.

In China, the expected delivery period for the Model 3 Long Range has been updated to 2-6 weeks, a decrease from the previous 6-9 weeks, as indicated on Tesla's China website.... More

Indonesia eases tax rules on EV imports in bid to attract investment

The Indonesian government released details of new regulations, signed December 8th, designed to attract investors looking to build electric vehicle (EV) plants in the country.

The new regulations will grant automakers that plan to build electric vehicle plants tax incentives on their imports of completely built EVs until 2025.

Under the plan, companies that have already invested in EV plants, intend to boost their EV investments, or have plans for future investments in this sector... More

Swedish union to halt waste collection at Tesla (TSLA) locations

Sweden's Transport Workers' Union revealed Wednesday that the organization would discontinue waste collection at Tesla (NASDAQ: TSLA) locations in Sweden. The union joins a growing collection of labor groups enacting sympathy strikes on behalf of Tesla employees, with an aim to pressure the electric automaker into accepting a collective bargaining agreement for their staff.

Tesla is facing backlash in the Nordic region due to opposition... More

Citi Comments on Tesla (TSLA) Autopilot Recall

Citi analyst Itay Michaeli reiterated a Neutral rating and $255.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "Tesla is recalling vehicles >2mln vehicles for an Autopilot-related issue. The issue will be remedied via an over-the-air (OTA) software update, so wed expect... More

Tesla (TSLA) announces some Model 3 EVs will lose $7,500 tax credit

Electric automaker, Tesla (NASDAQ: TSLA) revealed on their website late Tuesday that the companys Model 3 Rear-Wheel Drive and Long Range EV will no longer qualify for a $7,500 federal tax credit starting December 31st based on new guidance under the U.S. Inflation Reduction Act.

The U.S. Treasury, earlier this month, released guidelines outlining fresh battery sourcing... More

Tesla (TSLA) recalls over 2M EVs to fix faulty Autopilot

(Updated - December 13, 2023 9:41 AM EST)

UPDATE: Analyst comments and market reaction

The National Highway Traffic Safety Administration (NHTSA) released documents Wednesday announcing that electric vehicle maker, Tesla (NASDAQ: TSLA) will recall more than 2 million vehicles to fix a faulty system thats supposed to ensure drivers are paying attention when they use Autopilot.

Shares of TSLA opened trading on Wednesday down 0.25%.

According to the documents, the company will send out an over-the-air software update to fix the problems.

The recall affects the 2012-2023 Model... More