💰 Tesla (NASDAQ:TSLA) has experienced significant pressure in 2024, evidenced by a 4.54% drop in its stock price on Wednesday. 📉 Year-to-date, Tesla has become the worst-performing stock in the S&P 500 index, with a decline of about 31%. 📊 This drop in Tesla’s stock value has led to CEO Elon Musk becoming the world’s…
🚁 Over 300 Tesla Cybertrucks were spotted during a drone flyover of the Giga Texas complex. 🔍 Tesla’s progress in producing Cybertrucks en masse is evident from the increasing number of vehicles observed. 📈 The sighting of over 300 Cybertrucks indicates significant headway in the mass production efforts at Giga Texas. 🏭 Giga Texas, closely…
💡 The Volkswagen ID.UNYX electric vehicle received approval from the Chinese government. 🚗 Manufactured by Volkswagen Anhui, a joint venture between Volkswagen and Anhui Jianghuai Automobile Group (JAC). 🏭 The ID.UNYX will be produced at the Volkswagen Anhui plant in China, alongside the Cupra Tavascan. 🌏 The ID.UNYX is designed for the Chinese domestic EV…
💼 Wedbush maintained Tesla’s Outperform rating with a $315 price target as Q1 2024 ends. 📈 Wedbush analysts predict Tesla to exceed 2 million unit deliveries in 2024. 🌍 Despite near-term headwinds, Wedbush believes negative sentiment on Tesla is exaggerated. 💰 Price competition in the Chinese auto market may ease by spring or summer 2024.…
🚛 Elon Musk hinted at plans to produce the Semi truck at Tesla Giga Berlin for the European market. 🏭 Despite opposition, Tesla remains committed to expanding Giga Berlin’s production capacity. 🌍 European truck manufacturers are under pressure to decarbonize, prompting a shift towards electric trucks. 💼 Tesla has been collaborating with PepsiCo to understand…
💡 Rivian is adopting Tesla’s strategy of using a heat pump in its new R2 platform to combat range loss. 🔥 Tesla previously developed the heat pump for its EVs to recycle heat produced by the car into the cabin. ❄️ Traditional resistance heating systems used by Tesla had drawbacks, particularly affecting range in cold…
💡 Auto Wipers and Smart Summon are potential focus areas for upcoming Tesla features. 🚗 Auto Wipers have been criticized for subpar performance, with users experiencing delays and inaccuracies. 🔄 Improvement of Auto Wipers and Smart Summon is eagerly awaited by Tesla owners. 📱 Smart Summon allows users to summon their Tesla vehicle remotely but…
💼 Tesla Giga Berlin-Brandenburg has resumed production of the Model Y crossover. 🔧 Machines were checked for safety before resuming production. 💰 Tesla continued to pay employees’ full salary during the factory shutdown due to the suspected arson attack. 🌊 Tesla uses less water than it’s contractually permitted to use, and discussions are ongoing for…
💡 Wedbush analyst Dan Ives believes negative sentiments around Tesla stock are “overdone.” 📉 Tesla aims for a base delivery goal of 2.1 million units this year, with a stretch estimation of 2.2 million cars. 🛠️ Tesla’s production has been affected by a factory shutdown in Germany, while focus in the U.S. is on the…
💼 Judge Kathaleen St. J. McCormick received numerous communications from Tesla investors regarding her decision on Elon Musk’s pay package. 📜 Despite receiving these letters, Judge McCormick admitted to not reading any of them. 💰 Tesla shareholder Alexandra Merz led an effort to explain to Judge McCormick the potential harm of awarding 29 million TSLA…