Michigan Senator Debbie Stabenow successfully opposed a proposal by fellow Democrat Joe Manchin of West Virginia to eliminate certain electric vehicle models from being eligible for the Inflation Reduction Act’s (IRA) $7,500 tax credit. The $430-billion Inflation Reduction Act was passed last August. While the IRA offers incentives that companies like Tesla no longer have access to…
Ford has announced that it will expand its mobile service nationwide, allowing customers to have their vehicles repaired by a Ford Pro at their homes. One thing direct-to-consumer automakers have learned is that offering quick and effective service is a significant challenge when you lack physical locations. In response, automakers like Rivian and Tesla started sending mechanics to people’s…
Tesla (NASDAQ: TSLA) bull Wedbush Securities has raised its price target on the automaker’s stock from $175 to $200 following an “epic” Earnings Call last night. “Musk and Co. delivered in epic fashion with demand that is currently 2x production coming out of the gates in 2023 and laying out a 1.8 million delivery bogey…
It’s no secret that Tesla has a very big tendency to shoot for extremely ambitious targets. Elon Musk is certainly guilty of this, as he tends to announce extremely aggressive timetables and goals that eventually become delayed. But in Tesla’s Q4 and FY 2022 earnings call, the company did something different — it noted that…
Over the years, Tesla has transformed itself from a money-losing EV startup to an established, money-making electric vehicle behemoth. But despite the company’s domination in countries like the United States, arguments about Tesla’s alleged demand concerns have proven pervasive. This was especially the case last year, as TSLA stock struggled against the weight of Covid…
During the Tesla Q4 and FY 2022 earnings call, Elon Musk highlighted the value of Twitter to businesses, automotive or otherwise. Musk’s statement followed a question about whether Tesla was tracking how its favorability was damaged due to the CEO’s political posts on the social media platform. Last month, UK-based research firm YouGov published the…
The wait is almost over. After a long period of speculation, leaks, and rumors, it appears that some concrete details about Tesla’s next-gen vehicle platform are about to be announced. Tesla has grand plans for the coming years, with the company aiming to reach 20 million vehicles per year by the end of the decade.…
The Tesla Semi has already been delivered to its first customers, but the actual production specs of the vehicle remain largely unknown or unconfirmed at best. Fortunately, a recent trip to PepsiCo’s Frito Lay facility in Modesto, Caifornia has provided some details that otherwise reveal the Tesla Semi production specs. When Tesla held the first…
Tesla Insurance data is proving very valuable for the electric vehicle maker, so much so that some changes to the company’s vehicles have been implemented because of it. During the recently-held fourth quarter and full-year earnings call, Tesla investors asked CFO Zachary Kirkhorn when Tesla Insurance would become big enough to warrant details in the company’s…
The Tesla Cybertruck is indeed being released with the company’s Hardware 4 computer, CEO Elon Musk confirmed during the Q4 and FY 2022 earnings call. During 2021’s AI Day event, Elon Musk stated that Tesla is constantly improving its vehicles’ systems, so there will most definitely be a Hardware 4 computer that will succeed Hardware…