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Tesla (TSLA) reclaims top spot as best-selling EV startup in China

Tesla (NASDAQ: TSLA) reclaimed its position as the best-selling EV maker in China with a 60% WoW increase in deliveries to 11.7k units, attributed to recent price cuts.

Li Auto (NASDAQ: LI) followed with 7.7k units, showing a 13% YoY... More

Evercore ISI sees a further 10% downside in Tesla (TSLA) stock

Evercore ISI expects Tesla (NASDAQ: TSLA) to report 4Q EPS of approximately $0.70, aligning with consensus estimates and buyside expectations. However, the company's gross margin is expected to be in line or slightly below consensus, standing at around 16.3%, compared to the consensus range of 16.5-17% excluding credits. This is attributed to discounts on existing U.S.... More

Morgan Stanley cuts price target on Tesla (TSLA) ahead of 4Q report

Morgan Stanley reiterated an Overweight rating on Top Pick Tesla (NASDAQ: TSLA) and cut their 12-month price target on the electric auto stock to $345.00 (From $380.00) ahead of the companys 4Q earnings report, expected to be released on January 24th.

Global EV momentum is stalling. The market is over-supplied vs. demand. Wrote Morgan... More

Tesla (TSLA) PT Lowered to $345 at Morgan Stanley, 'Global EV momentum is stalling'

Morgan Stanley analyst Adam Jonas lowered the price target on Tesla (NASDAQ: TSLA) to $345.00 (from $380.00) while maintaining a Equalweight rating.

The analyst comments "Global EV momentum is stalling. The market is over-supplied vs. demand. We anticipate Teslas 2024 outlook to be cautious on... More

BYD distributor to triple EV dealerships in Thailand

The exclusive Thai distributor of BYD plans to triple its dealerships within the next two years. A strategic move aimed at solidifying BYD's leading position in the Thai market.

In the fourth quarter of the previous year, BYD surpassed Tesla (NASDAQ: TSLA) to become the top EV maker globally. The expansion in Thailand serves as a significant step in BYD's global expansion strategy, particularly in markets where its U.S. competitor has not yet... More

U.S. to invest $325M to repair EV chargers while cutting costs

The White House announced that the U.S. Departments of Transportation and Energy will invest $325 million in three programs aimed at advancing electric vehicle (EV) technologies, repairing chargers, and reducing battery costs.

During the announcement, the White House stated that the funding for EV chargers will address the... More