Exclusive-Tesla faces inquiry by Norway's safety regulator over suspension failures

Tesla (TSLA) recalls 120k EVs in U.S.

The National Highway Traffic Safety Administration announced Friday that electric vehicle giant, Tesla (NASDAQ: TSLA) is recalling 120,423 vehicles in the U.S. over the risk of cabin doors being unlocked during a crash.

The NHTSA confirmed that the electric automaker has issued an... More

RBC Capital cuts delivery estimates on Tesla (TSLA)

RBC Capital reiterated an Overweight rating on Tesla (NASDAQ: TSLA) with a 12-month price target of $300.00 on the stock after cutting delivery estimates on the electric automaker.

RBC revised their Tesla 4th quarter delivery projections to 456k units, marking a 4.2% decrease from... More

Wedbush raises price target on Tesla (TSLA) ahead of 2024

(Updated - December 22, 2023 9:43 AM EST)

Wedbush reiterated an Outperform rating on Tesla (NASDAQ: TSLA) and raised their 12-month price target on the stock to $350.00 (From $310.00) as analysts believe the electric carmaker is on track to reach the $1 trillion market cap milestone in 2024, despite growing skepticism by the Street.

Before 2023, skeptics believed Tesla faced declining demand and rising competition. However, Musk surprised everyone by globally lowering prices, particularly in China, to... More

Tesla (TSLA) acquires land for battery plant in Shanghai

Chinese state media announced Friday that Tesla (NASDAQ: TSLA) has secured land in Shanghai for a megapack battery manufacturing facility. Production is slated to commence in the fourth quarter of 2024.

The purchase involved Tesla paying 222.42 million yuan ($31.13 million) for rights to a 19.7-hectare... More

RBC Capital Cuts Tesla (TSLA) Delivery Numbers, 'Big Push into Quarter End Creates Uncertainty'

RBC Capital analyst Tom Narayan reiterated an Outperform rating and $300.00 price target on Tesla (NASDAQ: TSLA).

The analyst comments "We estimate Tesla deliveries of 456k in Q4/23, down 4.2% vs our prior estimate of 476k and 1.1% below consensus, based on registration data and... More

Tesla (TSLA) battery bottleneck hinders Cybertruck deliveries

Last month, Tesla (NASDAQ: TSLA) introduced its groundbreaking stainless steel-plated electric Cybertruck. CEO Elon Musk estimated that the company was likely to achieve an annual production rate of a quarter-million vehicles at some point in 2025.

However, Tesla is currently far from reaching this production pace, facing significant bottlenecks, particularly in the production speed of the... More

Tesla (TSLA) facing inquiry by Norwegian officials over suspension defect

An exclusive story by Reuters reports Thursday that Tesla (NASDAQ: TSLA) is facing an inquiry by the Norwegian Public Roads Administration (NPRA) concerning suspension failures in the company's electric vehicles.

According to the report, the NPRA began questioning the EV giant in September 2022 and asked the automaker to evaluate complaints about their vehicles lower rear control arms breaking on its Model S and X vehicles.

NPRA senior engineer, Tor-Ove Satren told reporters that the Norwegian traffic... More

U.S. considers raising tariffs on China EVs

The Wall Street Journal reports Wednesday that, citing unnamed sources familiar with the matter, that the United States is in discussions and may choose to increase tariffs on some Chinese goods, including electric vehicles (EVs).

In recent years, the growth of China's vehicle exports has been driven by excess production capacity and a decline in domestic demand within the world's largest automotive market. Projections from China Merchants Bank International suggest a 25% increase next year, reaching... More