Tesla acquires Shanghai land for megapack battery plant

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